CB2 Business Economics

Understand the Economic Forces Driving Financial Systems and Business Strategy

CB2 provides a comprehensive understanding of how microeconomic and macroeconomic principles influence corporate decision-making, financial markets, and policy responses. Tailored for actuarial professionals, this course equips students with the analytical tools to evaluate economic environments and make informed business judgments in both domestic and global contexts.

Course Highlights

• Introduction to major economic schools of thought and the economic rationale behind business behaviour

• In-depth exploration of microeconomic concepts: consumer choice, market structures, production and pricing strategy

• Detailed analysis of macroeconomic systems: business cycles, inflation, unemployment, GDP, and interest rates

• Examination of government policy tools—fiscal, monetary, and supply-side—and their impact on businesses and financial systems

• Insight into globalisation, trade dynamics, exchange rates, and the role of central banks and financial institutions

• Application of economic reasoning to real-world scenarios including regulation, taxation, environmental policy, and economic stability

What You’ll Learn

• How firms operate under different market conditions and make pricing/output decisions

• How economies grow, fluctuate, and respond to shocks through policy and regulation

• The link between global economic trends and actuarial considerations in investment, pensions, and insurance

• How inflation, interest rates, and exchange rates affect business risk and financial decision-making

• How government intervention can both correct and distort market outcomes

Outcome

CB2 strengthens the economic judgment expected of actuaries working across finance, insurance, consulting, and public policy. The course is ideal for students aiming to contextualise technical actuarial knowledge within broader economic environments and for those preparing for higher-level decision-making roles.