CT7 is the paper code for Business Economics, which is a special branch of economics that bridges the gap between economic theory and. Subject CT7 – Business Economics For Examinations. Understand how firms deal with risk and uncertainty about future market movements. 1. Discuss the. Tips for clearing CT7- Business Economics – One of the easiest exams to crack provided person has studied economics either on class 12th or in.
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Does CT7 require knowledge of any other CT paper? Describes how market equilibrium quantity and price are obtained and what impact changes in market demand and supply may have on the equilibrium position with the help of graphs.
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Off Road’s Traveller Travel Company. Under the curriculum, CT7 will be referred to as CB2. Tricky questions can be asked from last two sections.
How is the CT7 question paper structured? Business Economics is a special branch of economics that bridges the gap between economic theory and business management and so helps relate economics to business issues and make a decision businrss on the same. Jikisha Maloo is a BBA graduate who is currently pursuing actuarial busindss. Discusses the effect of demand and supply side policies on business and the economy.
Tells us about the calculation of maximum insurance premium for an individual and the minimum insurance premium required by an insurer. In case of numerical, it is advisable to show your working. Talks about how the level of national income is calculated and determined.
CT7 – BUSINESS ECONOMICS
When should one appear for CT7? Tells us about the different pricing strategies adopted by the firm. CT7 is one of the more wordy subjects with multiple choice as well as essay type questions.
This subject helps in understanding the functioning of an economy at the micro and macro level. No, CT7 can be done in isolation as it is not significantly dependent on any other CT businses. Sections of this page.
CT7 – BUSINESS ECONOMICS – Faventia Actuaries
Tips for clearing CT7- Business Economics – One of the easiest exams to crack provided person has studied economics either on class 12th or in graduation. Here I discuss the common doubts students have regarding CT7: You might know the answer but you might lack in presentation in exam if not practiced well.
Email or Phone Password Forgot account? Though the study material provided by the institute mentioned a few other books that could be used as a reference but in my opinion the study material is very informative and should be sufficient for clearing the exam. Get your Video viral Public Figure. So lets make it easy for you.
Helps in understanding concepts like a marginal utility, cost, revenue, profit and graphs related to it; consumer surplus, adverse selection, moral hazard, opportunity cost, cost, revenue, profit, product differentiation and its types, marketing and its four P, advertising and its effects, pricing and the product lifecycle.
CT7 Business Economics: An Introductory Brief – StepUp Analytics
The question paper generally contains multiple choice question of 1. Also, it will continue to be a 3-hour exam. Actuarial Science Actuarial Science Discussion. To know more on how to prepare for actuarial science exams, click here. Introduces us to the concepts of micro and macroeconomics and how they differ from each other.
Tashi Fashion’s Clothing Brand. Dont memorise the theory, understand the concepts. For any details and queries contact- The Actuarial Junction query theacademicjunction. CA Chintan Patel Accountant.
All the concepts introduced in this subject are very useful when setting assumptions regarding elements of future experience while carrying out an actuarial valuation. As far as the syllabus goes, no change in content is expected.
Helps in understanding concepts like balance of payment, exchange rates and their interaction with each other, circular flow of income, four major macroeconomic objectives, Phillips curve. As there will be no major changes in CT7 under the new curriculum, so one can either appear for it in September or can appear for it anytime after the implementation of the new curriculum.
CT7 aims to introduce the core economic principles and how these can be used in a business environment to help shape behavior and decision making.
Recent Post by Page. Buck up yourself for Actuarial Science Is there any CT subject that might require some knowledge of CT7? What are the changes one can expect in CT7 under the curriculum? What additional books need to be read to prepare for CT7?
You might also like More from author Actuarial Science. Explores the relationship between unemployment and inflation. Helps in understanding the different types of market structure in depth.