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Layer 4 · Professional CertificationsCFA® Level 1Exam: CFA Institute

CFA® L1 — Economics

Micro and macro foundations, exchange rates, monetary and fiscal policy, business cycles — the global lens through which CFA candidates think about markets.

30 hours of content2 chaptersFree during Phase 1

Quick info

Layer
Professional Certifications
Track
CFA® Level 1
Estimated hours
30 hrs
Chapters
2
Exam body
CFA Institute
Cost on Trustner
Free
Full course material live

Every chapter below has Foundation, Deep Dive, and Advanced material — read in any order, expand each chapter to see the full content.

About this course

Economics for CFA L1: foundations of micro and macro applied to investment decisions. Indian context throughout — RBI repo rate, GDP growth, inflation cycles. ~8-12% of L1 weight.

Who this is for

  • CFA L1 candidates with limited prior economics.
  • Business school graduates needing finance-flavoured refresher.

What you'll learn

  • Demand and supply, elasticity, market structures
  • Macro aggregates — GDP, inflation, employment
  • Business cycles and asset performance
  • Exchange-rate regimes and currency dynamics
  • Monetary and fiscal policy interactions

Course material — 2 chapters

Each chapter offers three tiers — Foundation for the core concept, Deep Dive for worked examples and practitioner depth, and Advanced for edge cases and exam tips. Click any chapter to expand.

  1. 1
    Reading 1

    Demand, supply, elasticity

    • Demand curves and supply curves
    • Elasticity calculations
    • Consumer and producer surplus
    ✓ Full chapter — read, examples, FAQ, MCQs
  2. 2
    Reading 2

    Market structures

    • Perfect competition, monopoly, oligopoly
    • Pricing under each structure
    ✓ Full chapter — read, examples, FAQ, MCQs

About the exam

Provider
CFA Institute

Note: ~8-12% of CFA L1 weight.

The exam is administered by CFA Institute. Trustner Academy is not affiliated with CFA Institute; we provide independent preparatory educational material. See our disclaimer.

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