CB2: Business Economics (Completely in English)
For Institute and Faculty of Actuaries and Institute of Actuaries of India exams.
🎥 Demo Lectures
This course is designed to help you master CB2: Business Economics with strong intuition and practical exam techniques.
TAG’s approach emphasises logic, worked examples, and clear explanation so you understand the 'why' behind the models and answers.
Have questions before enrolling? Reach out directly via WhatsApp (+91 8290386768).
About CB2: Business Economics
Course Overview
The objective of CB2 is to teach fundamental Microeconomic and Macroeconomic theory to actuarial students. You will explore economic concepts, systems, the interactions of supply and demand, various market structures, and the impact of government intervention on a national and global scale.
Exam Structure
The CB2 exam formats vary significantly between institutes:
- IFoA: The exam is closed-book and proctored (either home or centre-based). It is an MS Word-based descriptive examination.
- IAI: The exam is a home-based, proctored test consisting of 70% descriptive questions and 30% MCQs.
Course Material
While the standard curriculum references Economics and Economics for Business (by Sloman, Garratt, Guest), our course includes all the material you need. You do not have to purchase any additional materials from the IFoA or ActEd.
CB2 Syllabus & Study Guide
Depending on your prior economic background, expect an overall study time of approximately 113 to 225 hours.
| Unit / Topic | Description | Topic Study Hours |
|---|---|---|
| Economic Concepts & Thought | The what, why, and how of economics. Covers Socialism vs. Capitalism and the evolution of economic thought over the last 100 years. | 6 Hours |
| Demand & Supply | Drivers of demand and supply, and how they interact to determine price and quantity in the market. | 24 Hours |
| Markets & Pricing | Various market structures including perfect competition, monopoly, monopolistic competition, oligopoly, and pricing strategies. | 12 Hours |
| Market Failure & Government Intervention | Understanding externalities, common goods, public goods, when markets fail, and scenarios of government failure. | 8 Hours |
| Macroeconomic Environment & Theories | How Keynesian theory evolved from classical theory. Debates among Monetarist, New Classical, and New Keynesian schools. | 18 Hours |
| Financial System & Monetary Policy | The financial system, money supply, monetary policy, and the relationship between goods and money markets. | 9 Hours |
| International Economics | International trade and policy, exchange rate models, and global harmonization/monetary union. | 11 Hours |
| Macroeconomic Objectives & Policy | National economic objectives including both supply-side and demand-side policies. | 8 Hours |