segalm

I’m Level 4, which means I’ve passed all three exams but don’t quite have the work experience, so I’ve had experience with ethics at all three levels.
First off, ethics gets progressively harder from L1 to L3. The degree of difficulty definitely increases as you go. Just check the ethics scores from the latest L3 test if you need convincing.
That said, ethics is relatively straightforward at L1. Do as many of the problems as you can. When you get one wrong, or when you don’t have a full understanding of why an answer is correct, then make a note of why it’s wrong. I did this through the Schweser books and the Schweser practice exams (that was in 2006, before CFAI mandated their curriculum) and ended up with a list of about seven pages of bullet points on ethics. I knew that really well, and I came up with two key credos - “the client over everything” and “fair, accurate and complete.” I still remember those after three years. Anyway, if you focus on understanding and avoiding your mistakes, you should do adequately on the exam.
One other thing - spend some time looking over GIPS. Easy points… at this level.