Busy Day

Today is one of the rare days where I managed to do two readings in a day. I have caffeine, subway and lack of university classes to thank for this. Today I did the first two readings for study session 6. Reading 24 was concerned with money, the Federal Reserve, and the tools it has to accomplish its goals. It was pretty much all covered in econ 111 so it didn't take me that long to get through it (and yes, we learned about the Fed and not the Reserve Bank. That's how unimportant the NZ economy is)! Reading 25 was about what happens when the Fed uses its tools. It built on the aggregate demand and aggregate supply model which was covered in reading 23 (which is an important reading for economics). This was also covered in econ111 which is probably how I got through both readings.

If you didn't cover any economics in your senior years of High School or in University then I think economics may be a tough section. Looking at the marks for level 1 on analyst forums, it's a section many people find difficult. 10% of the exam is on economics and since it's now one of my majors, I'm relying on going against the majority and getting a high mark for this section.

I may be a bit preemptive since there are still 3 readings to go, and I have not looked ahead to see what's in store for me.

On a side note, the level 2 and 3 results are out. 46% passed level 2 and 53% passed level 3. Congratulations to you all, and a special congratulations to those who have met all the requirements to receive your charter. You thoroughly deserve it.

To those who did not pass, you have a while to build on the knowledge you already have. You can work on comprehending your weak areas, and make the areas where you gained high marks even stronger.

108 days until the level 1 exam.