Type 1 Simple build up: every time you see a build-up you are in luck… all you have to worry about is add all the premiums they give you…. size, liquidity, equity risk, etc.etc… is a simple estimate of what the risk is….
Type 2 Build up with betas: you could get some types of questions where there are some betas associated factors in a multifactor type model…. i.e. Famma French and PSB
Type 3 Simply CAPM: Easiest of all…plug and chug that formula… (which is effectively a single factor model to systematic risk, i.e. a single factor APT model)
Type 4 Surprise Type factor models: Watch out if you see the word surprise, that mean you only take into account the beta sentitivity to the surprise…i.e. if your expected inflation is 3 and actual inflation is 3 then that factor becomes 0
very rough explanation of things shown everywhere in the curriculum but I hope this helps….