CFA 2019 Schweser - Level 2 SchweserNotes Book 1: ETHICAL AND PROFESSIONAL STANDARDS, QUANTITATIVE METHODS, AND ECONOMICS

Description

SCHWESERNOTES™ 2019 LEVEL II CFA® BOOK 1: ETHICAL AND PROFESSIONAL STANDARDS, QUANTITATIVE METHODS, AND ECONOMICS The study tool that started it all is taking CFA® exam prep to the next level. A favorite among CFA candidates for nearly 30 years, SchweserNotes™ is a key component as you prepare for the CFA exam and the core element to our Study Program. Absorbing the CFA curriculum in its entirety is no simple task. Make the most of your study time with clear, exam-focused study notes and examples that cover every Learning Outcome Statement in the most effective manner possible. More than just textbooks. SchweserNotes™ were first introduced in 1990 and quickly took off as a “must have” for CFA candidates. And although they are still available as physical books, as technology and candidate needs have evolved, so have SchweserNotes™: SchweserNotes™ eBooks are now included with each order of the Notes, making it easier for you to study on-the-go. Contents......Page 2 List of pages......Page 5 Learning Outcome Statements (LOS)......Page 15 Welcome to the 2019 Level II SchweserNotes™......Page 23 Module 1.1: Introduction to the Code and Standards......Page 25 Module 2.1: Standards I(A) and I(B)......Page 29 Module 2.2: Standards I(C) and I(D)......Page 38 Module 2.3: Standards II(A) and II(B)......Page 44 Module 2.4: Standard III(A)......Page 50 Module 2.5: Standards III(B) and III(C)......Page 53 Module 2.6: Standards III(D) and III(E)......Page 59 Module 2.7: Standards IV(A), IV(B), and IV(C)......Page 63 Module 2.8: Standard V......Page 72 Module 2.9: Standard VI......Page 82 Module 2.10: Standard VII......Page 90 Key Concepts......Page 96 Answer Key for Module Quizzes......Page 97 Module 3.1: Ethics Case Studies......Page 104 Module 4.1: Trade Allocation......Page 114 Module 5.1: Changing Investment Objectives......Page 116 Module 6.1: Fintech in Investment Management......Page 129 Key Concepts......Page 135 Answer Key for Module Quiz......Page 136 Module 7.1: Covariance and Correlation......Page 137 Module 7.2: Linear Regression: Introduction......Page 143 Module 7.3: Hypothesis Tests and Confidence Intervals......Page 149 Module 7.4: Predicting Dependent Variables and Confidence Intervals......Page 153 Module 7.5: ANOVA Tables, R2, and SEE......Page 155 Key Concepts......Page 163 Answer Key for Module Quizzes......Page 166 Exam Focus......Page 169 Module 8.1: Multiple Regression: Introduction......Page 170 Module 8.2: Hypothesis Tests and Confidence Intervals......Page 172 Module 8.3: ANOVA and the F-test......Page 177 Module 8.4: Coefficient of Determination and Adjusted R-Squared......Page 183 Module 8.5: Dummy Variables......Page 186 Module 8.6: Assumptions: Heteroskedasticity......Page 190 Module 8.7: Serial Correlation......Page 195 Module 8.8: Multicollinearity......Page 198 Module 8.9: Model Misspecification, and Qualitative Dependent Variables......Page 200 Module 8.10: Supervised and Unsupervised Machine Learning......Page 207 Module 8.11: Machine Learning Algorithms......Page 209 Key Concepts......Page 213 Answer Key for Module Quizzes......Page 217 Module 9.1: Linear and Log-Linear Trend Models......Page 221 Module 9.2: Autoregressive (AR) Models......Page 228 Module 9.3: Random Walks and Unit Roots......Page 234 Module 9.4: Seasonality......Page 239 Module 9.5: ARCH and Multiple Time Series......Page 243 Key Concepts......Page 249 Answer Key for Module Quizzes......Page 252 Module 10.1: Probabilistic Approaches......Page 255 Key Concepts......Page 262 Answer Key for Module Quiz......Page 263 Topic Assessment: Quantitative Methods......Page 264 Topic Assessment Answers: Quantitative Methods......Page 269 Module 11.1: Forex Quotes, Spreads, and Triangular Arbitrage......Page 271 Module 11.2: Mark-to-Market Value, and Parity Conditions......Page 278 Module 11.3: Exchange Rate Determinants, Carry Trade, and Central Bank Influence......Page 288 Key Concepts......Page 299 Answer Key For Module Quizzes......Page 303 Module 12.1: Growth Factors and Production Function......Page 308 Module 12.2: Growth Accounting and Influencing Factors......Page 312 Module 12.3: Growth and Convergence Theories......Page 318 Key Concepts......Page 325 Answer Key for Module Quizzes......Page 328 Module 13.1: Economics of Regulation......Page 330 Key Concepts......Page 338 Answer Key for Module quiz......Page 340 Topic Assessment: Economics......Page 341 Topic Assessment Answers: Economics......Page 344 Formulas......Page 346 Appendix A: Student’s T-Distribution......Page 350 Appendix B: F-table at 5 Percent (Upper Tail)......Page 351 Appendix C: F-Table At 2.5 Percent (Upper Tail)......Page 352 Appendix D: Chi-Squared Table......Page 353 Appendix E: Critical Values for the Durbin-Watson Statistic......Page 354