Business Economics introduces the main principles of economics and their
application in a business context. In microeconomics it covers the operation of single markets, market price and output determination, decisions made by consumers on allocating their budget and by producers on price and output, and different types of market structures and the implication of each for social welfare. In macroeconomics candidates will gain knowledge of the working of the economic system, governments’ macroeconomic objectives, unemployment, inflation, economic growth, international trade and financial systems and financial crises.
This subject equips the students with knowledge of the main principles of economics and their application in a business context.
It is 3 hours and 20 mins-based assessment.
In the CB2 subject, the approximate split of assessment across the three skill types is 40% Knowledge, 45% Application and 15% Higher Order skills.
Business Economics introduces the main principles of economics and their application in a business context. In microeconomics, it covers the operation of individual markets, market price and output determination, consumer budget allocation decisions, producer decisions on pricing and output, and various market structures along with their implications for social welfare.
In macroeconomics, candidates gain knowledge about the functioning of the economic system, government macroeconomic objectives, unemployment, inflation, economic growth, international trade, financial systems, and financial crises.
This subject equips students with a solid understanding of core economic principles and how they apply in real business scenarios.
The assessment is 3 hours and 20 minutes long.
In the CB2 subject, the approximate assessment weightage is 40% Knowledge, 45% Application, and 15% Higher Order Skills.
Why CB2 from The Academic Junction??
Detailed description- main highlights.
CB2 Course Content
Business Economics introduces the main principles of economics and their
application in a business context. In microeconomics it covers the operation of single markets, market price and output determination, decisions made by consumers on allocating their budget and by producers on price and output, and different types of market structures and the implication of each for social welfare. In macroeconomics candidates will gain knowledge of the working of the economic system, governments’ macroeconomic objectives, unemployment, inflation, economic growth, international trade and financial systems and financial crises.
Exam format:
3 hours and 20 minutes exam using objective test questions and “free form”
answer questions.
Scientific Calculator is allowed in exam. However, you can use only one of the
models from the list below. This can also be used for future exams.
1. Casio FX82 (ES/MS) (with or without any suffix)
2. Casio FX83 (ES/MS) (with or without any suffix)
3. Casio FX85 (ES/MS) (with or without any suffix)
4. Sharp EL531 (with or without any prefix or suffix)
5. Texas Instruments BA II Plus (with or without any suffix)
6. Texas Instruments TI-30 (with or without any suffix)
7. Hewlett Packard HP12c (with or without any suffix)
CB2 SYLLABUS
1 Economic models and recent historical applications (10%)
2 Microeconomics (45%)
3 Macroeconomics (45%)
In the CB2 subject, the approximate split of assessment across the three skill types is 40% Knowledge, 45% Application and 15% Higher Order skills.
Mrs. Silky Goyal
Silky Goyal is coming straight from the industry and now at a place where her heart lies.
Visionary on the path of becoming an actuary laid the foundation of The Academic Junction.
Corporate Experience combined with on job training helps her to combine real life experiences with theoretical concepts which turns theory subjects into practical and more interesting.
To know more about our faculty – Click on Linkedin Profile –
To watch our demo videos
For detailed content of CB2, please click on the attached file-
CB2 Detailed Content File
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