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SKU: N/A Category: Actuaries

About Course

CB2 – BUSINESS ECONOMICS

Area	Description
Introduction	Business Economics introduces the main principles of economics and their application in a business context.
Microeconomics	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.
Macroeconomics	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.
What You Learn	This subject equips students with a solid understanding of core economic principles and how they apply in real business scenarios.

Detail	Information
Duration	The assessment is 3 hours and 20 minutes long.

Skill Type	Weightage
Knowledge	40%
Application	45%
Higher Order Skills	15%
In the CB2 subject, the approximate assessment weightage is 40% Knowledge, 45% Application, and 15% Higher Order Skills.

Why TAJ

#	Feature	Details
1	Experienced corporate faculties	With 13-14 exams cleared to make you understand the application of knowledge contained in the subject.
2	Classes available in all 3 modes	Classroom, Live Online and Videos.
3	Multiple small batches	To focus on personal interaction and development.
4	Regular Assignments and feedback sharing	To discuss your improvement areas.
5	Detailed Study plan, Chapter Wise Important Topics	Detailed description – main highlights.
6	Exclusive writing and discussion sessions	Oriented to case studies and past papers discussion.
7	Regular doubt classes	To help you learn technical skills and clear your conceptual knowledge.
8	Regular contacts with companies and start-ups	So as to share your resume and prepare you accordingly for interviews.
9	Handwritten Notes	For Each and Every Chapter.

Area	Coverage
Overview	Business Economics introduces the main principles of economics and their application in a business context.
Microeconomics	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.
Macroeconomics	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.

Detail	Information
CB2	3 hours and 20 minutes exam using objective test questions and “free form” answer questions.
Calculator	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.

#	Allowed Calculator Model	Note
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

#	Topic	Weightage
1	Economic models and recent historical applications	10%
2	Microeconomics• Behaviour of consumers • Behaviour of firms • Behaviour of markets	45%
3	Macroeconomics• Relationships between governments, markets and firms • Government policies • International trade	45%

Skill Type	Weightage
Knowledge	40%
Application	45%
Higher Order Skills	15%
In the CB2 subject, the approximate split of assessment across the three skill types is 40% Knowledge, 45% Application and 15% Higher Order skills.

About Faculty

Faculty	Mrs. Silky Goyal
About	Silky Goyal is coming straight from the industry and now at a place where her heart lies.
Vision	Visionary on the path of becoming an actuary laid the foundation of The Academic Junction.
Teaching Approach	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