Browse CFA Level 2 Essentials

Chapter 2: Macroeconomic Analysis, Exchange Rates, and Policy Implications

Chapter 2: Macroeconomic Analysis, Exchange Rates, and Policy Implications explains the core concepts, key definitions, and practical implications you need for solid analysis. It highlights common pitfalls and the intuition behind the methods so the results are interpreted correctly.

In this section

  • Economic Growth and Productivity Analysis
    Economic Growth and Productivity Analysis (CFA Level 2): Covers Defining Economic Growth and Its Importance and Practical Impact with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Exchange Rate Determination and Forecasting
    Exchange Rate Determination and Forecasting (CFA Level 2): Covers Spot Rates vs. Forward Rates and The Link Between Interest Rates and Forwards with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • International Parity Conditions and Economic Balances
    International Parity Conditions and Economic Balances (CFA Level 2): Covers Foundations of International Parity Conditions and Covered Interest Rate Parity (CIP) with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Macro Analysis in Sector and Corporate Valuation
    Macro Analysis in Sector and Corporate Valuation (CFA Level 2): Covers Linking Macro Trends to Sector Performance and Impact on Corporate Earnings and Cost of Capital with key formulas and practical examples. Includes exam-style practice questions with explanations.
  • Canadian and U.S. Policy Perspectives
    Canadian and U.S. Policy Perspectives (CFA Level 2): Covers Central Banking Frameworks and The Federal Reserve (U.S.) with key formulas and practical examples. Includes exam-style practice questions with explanations.

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Chapter 1: Advanced Quantitative Methods—Multiple Regression, Time-Series, and Machine Learning
Chapter 3: Advanced Financial Statement Analysis and Interpretation