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- 2027 CFA Program Prerequisite Reading Volume 1: Economics
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The CFA® Program assumes basic knowledge of Economics and Financial Statements as presented in introductory university-level courses in Economics and Accounting. Level I CFA Program candidates who do not have a basic understanding of these concepts or would like to review these concepts can study from either of the two prerequisite reading volumes.
Volume 1 covers the basics of Economics, including demand and supply analysis; firm and market organization; aggregate output, prices, and economic growth; business cycles; monetary and fiscal policy; international trade and capital flows; and currency exchange rates.

