IAI CB2 case studies
IAI CB2 · Put your knowledge to work in context.
CB2, Business Economics, is a subject in the actuarial examination system administered by the Institute of Actuaries of India (IAI). It is aimed at candidates working toward actuarial qualification who need a working command of microeconomics and macroeconomics as they apply to insurance, pensions and financial markets. The syllabus moves from demand, supply and market equilibrium through elasticity, consumer utility, production and cost theory, and the behaviour of firms under different market structures. It then turns to macroeconomic aggregates, national income accounting, money, banking and interest rates, inflation, unemployment and the business cycle, and finally fiscal and monetary policy. The IAI CB2 case studies are 5 cases and about 4,924 words.
1The ₹34 Atta Ceiling: Elasticities, Shortages and Who Pays
A state government is worried about atta prices in its capital city after a poor harvest and a diesel price rise. The market-clearing price is ₹42 per kg, with 480 tonnes traded daily.
930 words, about 5 min2Canteen Pricing: Elasticity, Cost-of-Living Bounds and a Combo Deal
A corporate campus canteen sells only two lunch items: a thali at ₹100 and a sandwich at ₹50. Meera, an analyst, has a lunch budget of ₹300 per working day, which she spends in full.
945 words, about 5 min3Kavya Exports: A ₹610 Order, Overtime and the Automation Case
Kavya Exports runs a single garment factory in Tiruppur. Monthly fixed costs are ₹60 lakh (lease, salaried staff, interest, insurance).
1,014 words, about 5 min4Cement Duopoly: Will the ₹250 Increase Stick?
Two cement producers dominate a regional market. At the prevailing price of ₹4,500 a tonne, annual demand is 1.2 million tonnes, split roughly 55% to Alpha, 35% to Bharat and 10% to long-term import contracts at ₹4,300 delivered.
992 words, about 5 min5Stagflation, Bank Margins and the Policy Mix
In a mid-sized open economy, real GDP is growing at 4.1% against estimated potential growth of 6.5%; the output gap was about −1.0% a year ago. Headline CPI is 6.9%, core 5.2%, food 9.8% and fuel 8.4%.
1,043 words, about 5 min