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CFA Level III

64 lessons across 16 topics

Topic 1: Exam Architecture, Pathways, And Study Strategy

1Lesson 1.1: How Level Iii Is Structured And Scored2Lesson 1.2: Choosing And Committing To A Pathway3Lesson 1.3: The Practical Skills Module And Exam Logistics4Lesson 1.4: From Recall To Judgment: The Level Iii Mindset5Lesson 1.5: Building A Study Plan And Timeline

Topic 2: Diagnostic Assessment And Baseline

6Lesson 2.1: Core-knowledge Diagnostic7Lesson 2.2: Pathway Readiness Check8Lesson 2.3: Item-type Skills Baseline9Lesson 2.4: Building The Personalized Study Order

Topic 3: Behavioral Finance And The Investor

10Lesson 3.1: Behavioral Foundations And Decision-making11Lesson 3.2: Cognitive Errors And Emotional Biases12Lesson 3.3: Behavioral Finance And Portfolio Construction13Lesson 3.4: Behavioral Influences On Markets And Advice

Topic 4: Capital Market Expectations

14Lesson 4.1: Framework And Macroeconomic Considerations15Lesson 4.2: Forecasting Fixed-income Returns16Lesson 4.3: Forecasting Equity And Real Estate Returns17Lesson 4.4: Forecasting Currencies And Volatility

Topic 5: Asset Allocation

18Lesson 5.1: Principles And The Asset Allocation Decision19Lesson 5.2: Optimization Methods20Lesson 5.3: Liability-relative And Goals-based Allocation21Lesson 5.4: Implementation, Rebalancing, And Real-world Constraints

Topic 6: Portfolio Construction Across Asset Classes

22Lesson 6.1: Passive And Active Equity Investing23Lesson 6.2: Active Equity Portfolio Construction24Lesson 6.3: Liability-driven And Yield-curve Fixed Income25Lesson 6.4: Credit Strategies And Fixed-income Implementation

Topic 7: Derivatives And Risk Management

26Lesson 7.1: Managing Equity And Fixed-income Exposure27Lesson 7.2: Currency Management28Lesson 7.3: Options Strategies And Risk Shaping29Lesson 7.4: Risk Management Framework And Governance

Topic 8: Performance Measurement And Evaluation

30Lesson 8.1: Performance Attribution31Lesson 8.3: Manager Evaluation And Selection32Lesson 8.4: Benchmarks And Reporting Standards

Topic 9: Ethical And Professional Standards

33Lesson 9.1: Code Of Ethics And Standards Of Professional Conduct34Lesson 9.2: Applying The Standards To Dilemmas35Lesson 9.3: Gips And Performance Presentation36Lesson 9.4: Asset Manager Code And Professionalism

Topic 10: Pathway: Portfolio Management

37Lesson 10.1: Equity Strategies, Passive And Active38Lesson 10.2: Active Equity Construction And Fixed-income Strategies39Lesson 10.3: Credit Strategies And The Institutional Case40Lesson 10.4: Trade Strategy And Execution

Topic 11: Pathway: Private Markets

41Lesson 11.1: Private Investments, Structures, And Stakeholders42Lesson 11.2: Private Equity And Private Debt43Lesson 11.3: Special Situations And Private Real Estate44Lesson 11.4: Infrastructure And Portfolio Integration

Topic 12: Pathway: Private Wealth

45Lesson 12.1: The Wealth Management Industry And The Client Relationship46Lesson 12.2: Wealth And Investment Planning47Lesson 12.3: Preserving And Advising On Wealth48Lesson 12.4: Transferring Wealth

Topic 13: Item-set Mastery

49Lesson 13.1: Reading Vignettes Efficiently50Lesson 13.2: Answering Multiple-choice Items51Lesson 13.3: Calculation Discipline Under Time Pressure52Lesson 13.4: Item-set Practice And Error Review

Topic 14: Constructed-response (essay) Mastery

53Lesson 14.1: Decoding Command Words54Lesson 14.2: Planning And Structuring A Response55Lesson 14.3: Writing Concisely For Partial Credit56Lesson 14.4: Showing Numeric Work And Self-grading

Topic 15: Exam Strategy, Pacing, And Stamina

57Lesson 15.1: Building A Session Time Budget58Lesson 15.2: Triage And Recovery When Behind59Lesson 15.3: Managing The Break And Two-session Format60Lesson 15.4: Stamina, Focus, And Test-day Readiness

Topic 16: Full-length Practice And Final Review

61Lesson 16.1: First Full-length Mock Under Exam Conditions62Lesson 16.2: Point-level Review And Remediation63Lesson 16.3: Second Full-length Mock And Progress Check64Lesson 16.4: Final Review And Exam-day Plan