标题: Economics: CFAI or Schweser [打印本页] 作者: mamuka12 时间: 2013-4-8 18:39 标题: Economics: CFAI or Schweser
Hi Everyone:
I would just like some input with regards to the CFAI book vs. Schweser’s for economics level 1.
Is it recommended to take a shortcut and read economics only from Schweser and have the CFA book as a reference or does Schweser miss a lot of material? I found this to be the case with FSA and as a result, did FSA almost exclusively from the CFAI book. I have taken only one macroeconomics course (I am an engineer).
Thx and GTLA Dec. ‘08 Level I writers!
Ali作者: MarginofSafety 时间: 2013-4-8 18:40
It depends upon the background, if you are not an economics major then study from CFAI textbook. It will help in better understanding of topics.作者: JGovender 时间: 2013-4-8 18:40
use both if you are serious about getting cfa作者: ap0258 时间: 2013-4-8 18:40
You’ve got until december so why not both. Lots of time left.作者: lucasg85 时间: 2013-4-8 18:41
I’d suggest you use Schweser and aim to start practice exams 1 month before the exam. Then revert to CFAI for areas where you need more detail.作者: waldziuchna 时间: 2013-4-8 18:41
personal advice, do cfa especially for eco as u wont get anything from sch作者: willsucceed 时间: 2013-4-8 18:41
Econ is worth 10% of the exam, but has one HUGE book it’s a lot of material.
If you’re pressed for time go through Schweser, pay particular attention to the graphs, make sure you understand each one and how to manipulate each on under certain conditions.
If you’re not worried about time constraints, CFAI is the way to go. Either way, do all the questions at the back of each reading.作者: studyn 时间: 2013-4-8 18:42
Thanks for all the replies everyone.
When I did FSA and Quant/Ethics, I took a lot of notes for each reading and it was time consuming at least 5 to 7 pages per reading + CFA question answers. Just wondering what other people’s methods are and if what I am doing is maybe overkill. Perhaps I should just read and highlight through the econ cfai book and only jot down words on cue cards? Otherwise it may be too time consuming…
Thx and GTLA
Ali作者: hw0799 时间: 2013-4-8 18:42
I prefer writing on my cfai books… i normally never take notes, but if it comes down to it, i will scribble (highlight, underline, write comments, etc) all over the books. I suggest start w/ the cfai books on areas that you’re not comfortable so you can develop a more comprehensive understanding/knowledge of those subjects. Do the schweser if you have enough time afterwards, then do LOTS and LOTS of practice problems. At least 1/3 of the qbank (~1,000 questions) + book6 and sample/mock exams from cfai.作者: fishmarket 时间: 2013-4-8 18:43
This time around I read CFAi books, highlighted and then went back and made flashcards. Then I did the readings at the end. One month prior, I did Qbank and questions on here and the sample and mock exams.
Doing it over, I would have read CFAi, highlighted, then would have gone to Schweser to get a better understand of hard basic topics that they simplify. And then go back and make flash cards from CFAi books and reread stuff that Schweser doesn’t cover.
I feel like I should have used a 3rd party system to get a better understanding of the basics earlier on that CFAi gave too much detail on.作者: MythosHF 时间: 2013-4-8 18:43
My 2 cents..
Schweser is a great resource, but nothing beats the CFAI texts. In the case of the CFA, there is no such thing as too much detail..作者: BC_MBA_student 时间: 2013-4-8 18:44
Holy crap, that is quick! 2 and a half days, really?作者: Bluetick1010 时间: 2013-4-8 18:44
If you have a good background in economics and are pressed for time (econs is only 10% spend more time on others) read schweser then go to cfa and read chapter summariess and answer the questions.作者: SpyAli 时间: 2013-4-8 18:45
hi,
i underline what i fell is important , but it is good practice to make notes .i shall start making notes from today + i do every cfai book and schwser book exams at the end of every reading作者: bigredhockey55 时间: 2013-4-8 18:45
pencil works well. That way after you written something in your CFAI book, and then realize you understood it incorrectly, you can erase it and rewrite it the correct way!!!作者: siavosh 时间: 2013-4-8 18:45
CFAI Book is the way to go…
Schweser does not explain everything as clearly as CFAI books do. So, you may not understand the concepts completely which may cost you some questions in the exam.作者: siavosh 时间: 2013-4-8 18:46
Ali,
I tend to take notes to. I find it way easier to review using my own notes. Also, I’m told it helps with retention. However, because of this study style, I would have been crunched for time if I had used CFAI texts.
