CB2 Full course

CB2-Business Economics

₹14,000.00

CB2: Business Economics – Regular Course.
Faculty: Shivangee Agarwal
Course Duration: 125+ hours

Category:

📘 Business Economics

Business Economics (CB2) is the paper you should opt for to build a strong foundation in economic principles essential to actuarial work. This paper develops a grounding in both microeconomics and macroeconomics, mainly focusing on understanding and applying economic concepts to analyse how markets operate and how economic factors impact financial and insurance environments. Alongside this, the related and required understanding of market structures, consumer behaviour, national income, monetary and fiscal policy, and international trade are also developed. It is available through both the institutes, the Institute of Actuaries of India (IAI) and the UK-based Institute and Faculty of Actuaries (IFoA).

🔍 Why is CB2 Important?

  • CB2 helps you grasp how economies and industries function, supporting better actuarial and business judgments.
  • You learn how inflation, interest rates and economic cycles affect premium, claims, reserves and investment.
  • It helps to understand how consumers and firms make decision, which supports pricing, product design and strategic planning.
  • You gain insight into how fiscal policy, monetary policy and regulation influence the financial health of insurers and pension funds.
  • You should give CS1 (Actuarial Statistics) along with CB2 – a good combo for knowledge.

🧠 Main Topics in CB2 (Subjective)

CB2 covers theoretical knowledge like:

  • Micro-Economics
    • Demand & Supply.
    • Consumer behaviour, elasticities and utility theory.
    • Market structure & Pricing strategies.
  • Macro-Economics
    • National income accounting – GDP, GNP.
    • Economic growth and development.
    • Unemployment & Inflation.
    • Fiscal and monetary policies.

💼 Where Can You Use CB2 Knowledge?

  • Pricing and reserving – considering inflation forecast when setting premium rates or reserving for future claims.
  • Making Investment strategies.
  • Business planning and forecasting.
  • Communicating with stakeholders – explaining the economic rationale behind assumptions to boards, regulators and client.

📝 How to Prepare for CB2?

  • Build a strong conceptual foundation of topics such as demand, supply, inflation, unemployment and development.
  • After completing the syllabus two times with revision, start solving the PYPs and give Mock Tests and learn from examiner reports.
  • You can combine CB2 paper along with CS1 – a good combo for actuarial profession.

📑 Structure of CB2

Component Exam Format Duration
CB2 IAI: Computer-Based MCQ
IFoA: Written theory (MS Word) ( 5 minutes extra for downloading)		 3 hours 15 minutes

📚Topics Covered and their Weightings

Topic Weightage
Economic schools, the economic way of thinking and recent historical applications 5%
Micro-economics 40%
Macro-economics 55%

📊 Passing Criteria

Institute Passing Marks
IAI (India) 65% (Fixed)
IFoA (UK) 56%–65% (Varies by term)
WHAT YOU WILL GET

Course Deliverables

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Recorded lectures
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Soft copy of resources
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Access to Student dashboard
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100% Placement & Training Assistance
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Technical support
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Practice papers
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Chapter wise MCQ Bank
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1:1 mentoring sessions
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Live Industry expert sessions
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Live Concept classes
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Mock Test with Detailed evaluation (2 Sets)
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Hard copies of Revision Note Book, Flashcards & Compiler
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Doubt solving sessions
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Course extension (2 more terms)
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Interactive Q & A Forum

Shivangee AgarwalAIR 1
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FACULTY

Meet The Instructor


Shivangee Agarwal is a Qualified Actuary with a Master’s in Data and Business Analytics from IIM Indore. She secured All India Rank 1 in CT7 – Business Economics and holds a B.Com (Hons in Finance) from St. Xavier’s College, Kolkata. Over 6+ years, she has taught 2500+ students in Actuarial and Data Analytics domain, becoming a favourite coach for CS2, CB2, CP2, and CP3 papers. She has expertise in Excel and R Programming. Her inspiring journey led her to conduct workshops and lectures at various colleges like Lady Shri Ram College, St. Xavier’s College, SRCC, Mithibai College, IIM Indore and IBS Hyderabad.

PLAYLIST

Demo Class Videos


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