About Economics for the Level III CFA Exam

This forum contains discussion of Economics for the Level III CFA exam.

  • Economics is covered in Study Session 4
  • Economics has an exam weight of 5-10%

Study Session 4

“This study session examines the process of setting capital market expectations and covers major tools of economic analysis. A central theme of both readings is that a disciplined approach to setting expectations will be rewarded. After outlining a framework for developing expectations and reviewing potential pitfalls, the first reading focuses on the use of macroeconomic analysis in setting expectations. The second reading in this session builds on that foundation to examine setting expectations for specific asset classes—fixed income, equities, real estate, and currencies.”
Source: CFA Institute