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cfa level 1 economics cheat sheet

CFA Level 1 Economics: Our Cheat Sheet

Sophie Macon

6 Feb 2026

CFA, CFA Level 1

CFA Level 1 economics quick reference (2026 curriculum): Coverage: 8 learning modules, 6-9% of exam (11-16 questions) Key topics: Market structures, business cycles, fiscal/monetary policy, geopolitics, international trade, exchange rates Critical concepts: Fiscal multiplier, quantity theory of money, Fisher effect, forward exchange rate calculations Common pitfalls: CFA exchange rate notation (opposite of real world), confusing expansionary vs. contractionary policy, mixing up inflation types How to use: Bookmark for exchange rate formulas (heavily tested). Master fiscal vs. monetary policy differences. Note: Economics is text-heavy—focus on understanding ...