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.
The Elliot Wave Theory is a long-term technical explanation for market cycles.
A detailed dive into the key technical indicators used for technical analysis.
Within the 4 main technical chart types introduced in the CFA L1 curriculum, there are 4-5 major types of patterns you can expect to be tested on. This breaks down those patterns and how they will show up.