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Our Study Manual for CB2 offers personalized learning on a schedule that works for you.
Prepare for the CB2 Business Economics examination with a structured, exam-focused study manual designed to help you understand key economic concepts and apply them with confidence. Covering microeconomics and macroeconomics, this manual breaks down the CB2 syllabus into manageable topics, emphasizing economic intuition, diagram interpretation, and policy analysis.
The manual includes a range of study and exam preparation resources to help you understand key economic concepts, apply economic reasoning, and develop effective exam technique, including:
Clear explanations and key definitions to build your understanding of core economic concepts and relationships.
Core diagrams, formulae, and unit summaries to reinforce learning and support revision.
Revision and exam-style questions with worked solutions to practise applying economic principles and constructing well-reasoned answers.
Exam technique guidance to help you develop clear economic arguments rather than simply memorising definitions.
Mock examinations to practise under timed conditions and identify areas for further review.
With an emphasis on understanding the reasoning behind economic concepts rather than simply memorizing definitions, the manual encourages students to explain economic relationships in their own words and develop clear, logical arguments in response to exam-style questions.
GOAL: Practice. Predict. Pass.
Turn practice into progress for Exam CB2


Digital Flashcards - Master key topic
ACTEX Exam CB2 flashcards are designed to be fully customizable, so you can tailor your study experience to your specific strengths, weaknesses, and exam timeline.
Key features include:
This level of customization helps you prioritize high-impact concepts and study more efficiently as exam day approaches.
The IFoA Core Reading is the official, copyrighted study reference for each exam, published by the Institute and Faculty of Actuaries. It is designed to ensure students and examiners share a consistent understanding of the syllabus requirements and learning objectives.
Each Core Reading outlines the required depth and breadth of knowledge for every topic on the syllabus, providing clear explanations and context to support exam preparation. Updated regularly to reflect changes in the syllabus, industry practice, and professional guidance, the Core Reading helps you study with the most accurate and up-to-date information available.
Topic Search
All Exam CB2 materials are fully indexed by keyword, making it easy to search concepts and toggle materials without losing your place.


Formula and Review Sheet
This at-a-glance tool helps you memorize and recall key formulas and information.
About the author
Lucas Goldberg Da Rosa, PhD, MA (Manual)
Lucas Goldberg Da Rosa is an economist and business analyst with a strong background in quantitative research, financial analysis, forecasting, and data-driven decision-making. He holds a Ph.D. and a Masters degree in Economics from Kansas State University, as well as a Bachelors degree in Economics with a minor in Statistics.
Dr. Goldberg Da Rosa has an extensive academic background in teaching and research. He has taught courses in Money and Banking, Macroeconomics, Microeconomics, and has conducted research in areas including macroeconomic forecasting, international education, and applied quantitative analysis. His combination of economics, statistics, technology, and business experience enables him to translate complex data into clear insights and practical recommendations. His professional experience includes working in financial planning and analysis at Align Technology, where he applied economic models and data analysis to business forecasting.
As the author of ACTEX Learning’s CB2 Business Economics study manual, Dr. Goldberg Da Rosa draws on his academic, teaching, and professional experience to make economic concepts accessible and relevant to actuarial students. His educational approach emphasises economic intuition, clear explanations, and practical applications, helping students develop both a strong conceptual foundation and the analytical skills needed for examinations.
Dr. Goldberg Da Rosa currently works as a Business Analyst at AUTO1 Group in Berlin.
Team of GOAL CB2 Authors