CFA Level 1 Economics
Master the economic forces that drive markets, policies, and investment decisions — built for CFA Level 1 candidates who want clarity, not complexity.
About this course
CFA Level 1 Economics
Who This Course Is For
This course is designed for aspiring CFA charterholders, finance professionals, and serious investment practitioners who want a thorough command of the Economics topic area as tested in the CFA Level 1 examination.
Economics is one of the most conceptually broad subjects in the CFA curriculum — spanning microeconomic firm behaviour, macroeconomic cycles, monetary and fiscal policy, international trade, and foreign exchange markets. This course cuts through the noise and delivers every learning outcome with precision and purpose.
How This Course Is Delivered
All lessons are pre-recorded and available on demand, so you study at your own pace without compromise. Each topic is built around three pillars:
- Video lessons that build genuine understanding of every concept
- Worked problem-solving sessions that mirror actual CFA exam questions
- Concise revision notes you can return to at any time
Everything is structured to move you from first encounter to exam-ready confidence. The course is delivered entirely in English and follows the official 2025 CFA Level 1 curriculum, covering all readings within the Economics topic area — from firm and market structures through business cycles, fiscal and monetary policy, geopolitics, international trade, capital flows, and FX markets.
Whether you are studying for the first time or reinforcing prior knowledge, this course gives you the structured preparation and the analytical depth the CFA exam demands.
Why Krawl Is Different — Technology in the Service of Learning
At Krawl, we believe technology should do more than just deliver content. It should actively make learning better, faster, and more effective for every student who walks through the door. That belief shapes everything about how this course is built.
Content engineered, not just recorded.
Most recorded courses are little more than a camera pointed at a teacher. The result is a course that inherits every habit, bias, and inefficiency of the individual behind the lens — tangents, repetition, uneven pacing, and material that could have been covered in half the time. At Krawl, every lesson goes through a structured curation and production pipeline before it reaches you. Technology helps us strip out the clutter, sequence the concepts intelligently, and pack the most learning into the least amount of time. Every minute you spend on this course earns its place. We respect your time because we know how much is riding on it.
Audio built for comprehension, not just playback.
Speech quality directly affects how well you retain what you hear. Every lesson is recorded and processed using professional-grade audio technology, delivering speech that is clean, consistent, and free of the fatigue that comes from listening to uneven or poorly produced audio for hours at a stretch. Captions are 100% human-audited — not auto-generated and left to chance — so every word on screen matches precisely what is being said. For learners who rely on captions, or simply prefer to read along, there are no gaps, no errors, and no guesswork.
A platform that works wherever you are.
Technology should remove barriers to learning, not create new ones. The Krawl platform is optimised across every device you own. A laptop gives you the fullest experience. A tablet is equally capable for extended study sessions. And when life doesn't give you the luxury of a desk — during a commute, a lunch break, or ten minutes between meetings — the platform runs flawlessly on a smartphone. Navigation, playback, and readability work without compromise, because learning shouldn't have to wait.
Light on data, heavy on quality.
Every video and audio file is compressed using modern encoding technology to the smallest possible size without any visible or audible loss in quality. Whether you are on a fast home connection or a limited mobile data plan, the course loads quickly and streams without interruption. We built it this way deliberately — because a student in a bandwidth-constrained environment deserves exactly the same learning experience as one with unlimited broadband.
This is what it means to use technology to advance education. Not as a gimmick. Not as a buzzword. But as a genuine commitment to making every aspect of the learning experience work harder for you.
What you will learn
Key points / Requirements
- ●No prior economics degree is required — the course builds from first principles and assumes only basic financial literacy
- ●Aligned to the official 2025 CFA Level 1 Topic Outline — every learning outcome is covered without gaps
- ●Pre-recorded lessons allow you to study on your schedule — pause, rewind, and revisit any concept as many times as needed
- ●Each module combines conceptual teaching, worked exam-style problems, and downloadable revision notes for a complete study loop
- ●Covers all nine reading areas within Economics: Firm & Market Structures, Business Cycles, Fiscal Policy, Monetary Policy, Geopolitics, International Trade, Capital Flows & FX, and Exchange Rate Calculations
- ●Worked examples use both global and Indian market contexts, making the content highly relevant for candidates across geographies
- ●Revision notes are structured for active recall — ideal for the final weeks before your exam window
- ●Suitable for all three CFA exam windows — content is evergreen and mapped to the current curriculum
- ●A stable internet connection and access to a basic financial calculator (BA II Plus recommended) are all you need to get started
Course content
8 sections · 27 lectures
Section 1: The Firm and Market Structures
4 lectures- ▸ Profit Maximization: Breakeven & Shutdown Points of Production
- ▸ Economies of Scale & Introduction to Market-Structure Analysis
- ▸ Imperfect Competition: Monopolistic Competition & Oligopoly (Cournot, Nash)
- ▸ Determining Market Structure — Concentration Measures
Section 2: Understanding Business Cycles
3 lectures- ▸ The Business Cycle: Phases, Leads/Lags & Investor Behavior
- ▸ Credit Cycles & Economic Indicators over the Cycle
- ▸ Economic Indicators — Leading, Lagging, Composite & Nowcasting
Section 3: Fiscal Policy
3 lectures- ▸ Roles & Objectives of Fiscal Policy; Deficits & the National Debt
- ▸ Fiscal Policy Tools & the Fiscal Multiplier
- ▸ Fiscal Policy Implementation & Difficulties in Execution
Section 4: Monetary Policy
4 lectures- ▸ Role of Central Banks & Objectives of Monetary Policy
- ▸ Monetary Policy Tools & the Transmission Mechanism
- ▸ Monetary Policy Objectives — Inflation Targeting, Independence & Credibility
- ▸ Contractionary/Expansionary Policy & Interaction with Fiscal Policy
Section 5: Introduction to Geopolitics
5 lectures- ▸ National Governments & Political Cooperation
- ▸ Forces of Globalization — Features, Motivations & Rollback
- ▸ International Trade Organizations — IMF, World Bank & WTO
- ▸ Assessing Geopolitical Actors — Archetypes & the Tools of Geopolitics
- ▸ Geopolitical Risk & the Investment Process
Section 6: International Trade
2 lectures- ▸ Benefits & Costs of Trade; Restrictions — Tariffs, Quotas & Export Subsidies
- ▸ Trading Blocs & Regional Integration
Section 7: Capital Flows and the FX Market
4 lectures- ▸ The Foreign Exchange Market & Its Participants
- ▸ Market Composition & Exchange Rate Quotations
- ▸ Exchange Rate Regimes — Ideal, Historical & the Taxonomy of Regimes
- ▸ Exchange Rates, the Trade Balance & Capital Restrictions
Section 8: Exchange Rate Calculations
2 lectures- ▸ Cross-Rate Calculations
- ▸ Forward Rate Calculations — Arbitrage, Forward Discounts & Premiums
Ready to start?
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