## Overview

Our free CFA Level I Economics notes cover everything you need to know for this module. From microeconomic foundations, macroeconomics and growth, to monetary fiscal and FX, we've got you covered. Whether you're in a classroom or taking the self-study route, these notes provide added peace of mind, knowing that you have everything you need to help consolidate and revise effectively for CFA Level I exam. Think something could be better? [Give us a shout on our contact page](/contact), and we'll take a look.

We've created comprehensive study guides for all CFA Level I topics. Check out our other free notes below:

- [Ethical and Professional Standards](./cfa-level1-ethical-and-professional-standards)
- [Quantitative Methods](./cfa-level1-quantitative-methods)
- [Economics](./cfa-level1-economics)
- [Financial Statement Analysis](./cfa-level1-financial-statement-analysis)
- [Corporate Issuers](./cfa-level1-corporate-issuers)
- [Equity Investments](./cfa-level1-equity-investments)
- [Fixed Income](./cfa-level1-fixed-income)
- [Derivatives](./cfa-level1-derivatives)
- [Alternative Investments](./cfa-level1-alternative-investments)
- [Portfolio Management and Wealth Planning](./cfa-level1-portfolio-management-and-wealth-planning)

## 1. Microeconomic foundations

- [Demand supply and elasticities](./cfa-level1-microeconomic-foundations-demand-supply-and-elasticities)
- [Consumer surplus producer surplus and welfare](./cfa-level1-microeconomic-foundations-consumer-surplus-producer-surplus-and-welfare)
- [Market structures and pricing power](./cfa-level1-microeconomic-foundations-market-structures-and-pricing-power)

## 2. Macroeconomics and growth

- [GDP inflation and unemployment](./cfa-level1-macroeconomics-and-growth-gdp-inflation-and-unemployment)
- [Business cycles and output gaps](./cfa-level1-macroeconomics-and-growth-business-cycles-and-output-gaps)
- [Economic growth theories and productivity](./cfa-level1-macroeconomics-and-growth-economic-growth-theories-and-productivity)

## 3. Monetary fiscal and FX

- [Central banks money supply and policy tools](./cfa-level1-monetary-fiscal-and-fx-central-banks-money-supply-and-policy-tools)
- [Fiscal policy multipliers and debt dynamics](./cfa-level1-monetary-fiscal-and-fx-fiscal-policy-multipliers-and-debt-dynamics)
- [Exchange rates and balance of payments](./cfa-level1-monetary-fiscal-and-fx-exchange-rates-and-balance-of-payments)

Free CFA Level I Economics Study Guide