Grasp economic principles, market structures, and global economic systems to enhance your actuarial insight.
Course Overview
CB2 introduces students to microeconomics and macroeconomics, helping actuaries understand the broader economic environment in which insurance companies, pension funds, and financial institutions operate. It teaches how economic decisions are made by individuals, firms, and governments — a key part of actuarial risk analysis.
What You Will Learn
Microeconomics:
o Demand & supply, elasticity
o Consumer choice theory
o Market structures: perfect competition, monopoly, oligopoly
o Pricing, costs, and revenue analysis
Macroeconomics:
o National income, inflation, unemployment
o Fiscal and monetary policy
o Interest rates and exchange rates
o Global trade, economic growth, and development
Why CB2 is Important
- Helps actuaries understand economic forces that affect insurance, investment, and pensions
- Enhances decision-making through understanding of markets, government policies, and macro trends
- Provides a strong base for future roles in risk management, investment analysis, and strategic planning
Exam Format
Exam Type |
Duration |
Mode |
|
Objective + Scenario Questions |
3 hrs (approx.) |
Computer-Based (IAI/IFoA) |
Passing Criteria
Institute |
Passing Marks |
|
IAI (India) |
50% |
|
IFoA (UK) |
50% To 60% (varies) |
S MONK Tips to Crack CB2
- Understand core economic graphs & policies conceptually
- Relate real-world events (like inflation, GDP, or trade wars) to theory
- Practice case-based and graph-based MCQs
- Watch economic news to strengthen applied understanding
Who Should Enroll?
Ideal for students from any background
Great complement to CB1 and CM1
Useful for those targeting actuarial roles in finance, investments, and consulting