Ethics Study Strategy? through, ethics, studying

simeezee

Hey guys,

For those who've done it, what strategy did you take in studying ethics? I am through my review of the "other" stuff and per others' recommendation saved ethics for last so I didn't forget it all closer to the test.

I will study out of the CFA cirriculum as opposed to Elan guides that I used for other stuff, but is it simply read through and try to digest? Did you take notes? Just trying to devise a plan of attack and wondering if anyone had a method that worked well for these "wordy" topics.

Any help appreciated, thanks!

sdada

read through the Code of Ethics that they have on the CFAI website, it has a ton of examples and problems, prob don't have to read the whole thing as it is massive, just scroll through & print the end of section problems. Study the same way as you should be with other sections- do all the problems you can find. Good luck, somehow they make the questions very tricky.

soddy1979

Read it from the curriculum thoroughly once now and once again in May. Make sure you do the questions in the curriculum as well. I didn't pass last year, but did well on Ethics on the mock and the real test.

Londonrocks

For the test, do you need to know the order of each of the 7 standards and sub-standards (i.e. be able to state that Standard II (B) is Market Manipulation)?

Or do you just need to be able to identify when something violates the Standards and why?

studyn

no no, just identification- which standard it violates

thisisbrianly

You'll need to know the numbers (is it a violation of Standard III or IV). Also play very close attention to the nuances and examples in the CFA books.

On the actual exam, you're going to see questions that draw really fine lines between two standards, and you have to identify which is the more applicable. For example, you know it's a violation, and you know it pertains to both III and IV, but you have to choose and it's difficult.

Maddin

Hank I don't think you have to know the numbers...can you back that up?

dontknow1987

Read it one now, then leave it till last last !

First because there is some memory involved, so you don't want to study it too soon.

Also because I found that beyond the first few hours of ethics studying, the marginal gain becomes very low. So if you scored 30% on ethics before you read the stuff, 60% after you read it once, you will get 65% after you read it the sec time, and then it would be very hard to raise your score..So might as well spend your time on other stuff

There are few things about gips and schweser seems to sum them up very well. I remmber seeing them on the exam, and they were repeated a million time in Qbank..

Goodluck to all

ftwcfa

you DONT need to know the numbers

FVPV

thanks for the backup bhabib