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Today's Level 2 set is Day 3: Economics Scenario Set. It opens directly into timed questions with explanations and visual exhibits.

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Economics Scenario Set

Midweek practice for policy, FX, and growth scenarios.

18 min14 questions185 free in Level 2
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CFA Level 2 practice

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Ethical and Professional Standards

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02
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Quantitative Methods

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03
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Economics

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04
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Financial Statement Analysis

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05
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Corporate Issuers

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06
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Equity Valuation

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Fixed Income

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08
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Derivatives

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Alternative Investments

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10
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Portfolio Management

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Equity Valuationhard

What is the Residual Income Model?

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Answer

V₀ = B₀ + Σ [RIₜ / (1+r)^t] RI = NI − (r × B_{t-1}) Measures value created above required return on equity. Useful when dividends are not paid. Clean surplus relation must hold.

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CFA curriculum overview

CFA Level 210 TopicsEthical andProfessional10%QuantitativeMethods5%Economics5%FinancialStatement10%CorporateIssuers5%EquityValuation15%Fixed Income15%Derivatives10%AlternativeInvestments5%PortfolioManagement20%Code & StandardsApplicationPreviewResearchObjectivityPreviewGIPS CompliancePreview
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Ethical and Professional Standards

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