EOC

CFA Level I
#1

Hi guys,

Do you feel that EOC questions are tied to the LOS? Some questions do not seem in line with LOS. Just curious if everyone feels the same.

thanks!

#2

That was never my experience. Do you have a specific example?

#3

For example, in the economics section, there is no mention that we need to calculate marginal revenue, marginal cost and other cost/revenue related numbers. However, in the EOC questions, there are some questions about calculating them. I have no issues calculating these number given their simplicity, but was just wondering if EOCs always align with LOS or if they can touch upon other topics not clearly stated in LOSs. Another example has to do with normal profit, the LOS does not state that we need to differentiate between economic and accounting profit, but a questions on it appears in the EOCs. Clearly these topics are related to understanding a firms shut down and breakeven points, so maybe that’s why these questions are asked.