I’ve compared the 2012 and 2013 CFA Level II readings and here is a summary of the differences:
Total number of readings down from 64 or 56. Good news!
Econ has changed completely. This is consistent with the Level I Econ changes between 2011 and 2012.
Equity: Three readings have been dropped: Note on Asset Valuation, Industry Analysis and Valuation in Emerging Markets. (The last one was a nightmare. I’m glad CFAI has realized that too!)
Alternative Investments: The two readings on real estate have been dropped and replaced with two new readings on real estate.
Fixed Income: Reading on credit analysis has been updated.
Derivatives: Reading on credit derivatives has been updated.
Portfolio Management: ‘Note on Harry Markowitz…’ and International Asset Pricing have been dropped.
Ethics, Quant, FRA and CF are unchanged.
I have a file which shows all the readings and highlights the differences. I don’t think I can upload the file here. If you want it just email your request to me at firstname.lastname@example.org