How Current Level References Previous Level

How Level 2 References The Level 1 Readings…
Level 2	Supported by Level 1
Quant	Common Probability Distributions. Sampling and Estimation Hypothesis Testing
Economics	Currency Exchange Rates
FRA	Financial Analysis Techniques Financial Reporting Quality Applications of Financial Statement Analysis
Corporate Finance	Introduction to Corporate Governance and ESG Capital Budgeting Cost of Capital
Equity	Introduction to Industry and Company Analysis Equity Valuation: Concepts and Basic Tools
Derivatives	Time Value of Money Basics of Derivative Pricing and Valuation
Fixed Income	Understanding Fixed-Income Risk and Return Fundamental of Credit Analysis
Alternative Investments	Introduction to Alternative Investments

How Level 3 References The Level 1 and 2 Readings…
Level 3	Supported by Level 2	Supported by Level 1
Section 1	Economic Growth and the Investment Decision	Understanding Business Cycles Monetary and Fiscal Policy Portfolio Risk and Return: Part 1 Portfolio Risk and Return: Part 2
Section 2	Currency Exchange Rates: Understanding Equilibrium Value Pricing and Valuation of Forward Commitments	Basics of Derivative Pricing and Valuation Currency Exchange Rates Understanding Fixed-Income Risk and Return
Section 3	The Term Structure and Interest Rate Dynamics	Fundamentals of Credit Analysis
Section 5	Analysis of Active Portfolio management
More generally:	Measuring and Managing Market Risk	Portfolio Management: An Overview Basics of Portfolio Planning and Construction