Time, taxes, liquidity, legal, and unique. The 5 IPS constraints are heavily tested on the L3 exam. Here's what you need to know about each.
Return objectives and required return are always on the L3 exam...and always a reason Candidates get tripped up. Here's what to know to get prepared.
The Individual investment policy statement (IPS) gets tested in essentially the same way every year on the CFA Level 3 exam. There are no excuses for not knowing what to expect.
A post on how to identify the ability and willingness of an investor to take risk (a guaranteed CFA L3 exam question).
Deadweight loss (DWL) is a heavily tested concept on the CFA L1 exam as it ties together an understanding of consumer and producer surplus, elasticity, and market structure. This post defines the concept, introduces necessary calculations, and goes through the potential causes of deadweight loss caused by government interventions or externalities.
The CFA Level 1 exam tests consumer surplus, producer surplus and associated concepts like deadweight loss extensively. This post explains the concepts, shows them graphically, and ties them into market structures and government policies in the way that the CFA L1 curriculum tends to test the economics material.