Qualification Pathway
United States — Foundations
VEE Economics
Study microeconomics and macroeconomics, the subject area the SOA requires for its VEE Economics credit.
Learning Objectives
5 objectives
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Explain how consumers and firms make choices, and how supply, demand, elasticity and market structure set prices.
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Explain profitability under competition and under imperfect competition.
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Measure and compare national economies using macroeconomic measures such as GDP.
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Explain how fiscal and monetary policy, money and interest rates affect the economy, financial markets and businesses.
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Explain the role of international trade, exchange rates and savings and consumption in an economy.
Programme Outline
2 topics
1
Microeconomics
Utility and consumer choice, the elasticity and interaction of supply and demand, firms' pricing and production decisions, and competitive and imperfectly competitive markets.
2
Macroeconomics
National income measures, public finances, fiscal and monetary policy, money and interest rates, international trade and exchange rates, and how policy affects business.
Hands-On Resources
Missed a live session? Catch up here.
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Recorded Lectures
Every live session is recorded and available within 24 hours.
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Case Study Library
Real-world actuarial science case studies used throughout the course.
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Practice Question Bank
Exam-style questions with full worked solutions.
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Qualification Pathway
40 examinations
1
United States — Foundations
Financial Mathematics (FM) Exam
£2,200.00
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2
United States — Foundations
Probability (P) Exam
£2,000.00
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3
United States — Foundations
VEE Economics
£2,000.00
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4
United States — Foundations
VEE Accounting and Finance
£2,200.00
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5
United States — Foundations
Pre-Actuarial Foundations Module
£2,100.00
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6
United States — Actuarial I
Fundamentals of Actuarial Mathematics (FAM) Exam
£2,200.00
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7
United States — Actuarial I
VEE Mathematical Statistics
£2,200.00
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8
United States — Actuarial I
Statistics for Risk Modeling (SRM) Exam
£2,200.00
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9
United States — Actuarial I
Actuarial Science Foundations Module
£2,200.00
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10
United States — Actuarial II
Advanced Actuarial Mathematics (ALTAM or ASTAM) Exam
£3,000.00
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11
United States — Actuarial II
Predictive Analytics (PA) Exam
£2,600.00
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12
United States — Advanced
Fundamentals of Actuarial Practice (FAP) Course
£3,000.00
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13
United States — Advanced
Advanced Topics in Predictive Analytics (ATPA) Assessment
£3,000.00
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14
United States — Professionalism
Associateship Professionalism Course (APC)
£2,600.00
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15
United States — Fellowship: Corporate Finance and ERM
CFE 101 Enterprise Risk Management
£3,400.00
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16
United States — Fellowship: Corporate Finance and ERM
CFE 201 Corporate Finance
£3,400.00
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17
United States — Fellowship: Group and Health Insurance
GH 101 Benefits and Pricing
£3,400.00
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18
United States — Fellowship: Group and Health Insurance
GH 201-U Valuation and Regulation, U.S.
£3,400.00
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19
United States — Fellowship: Group and Health Insurance
GH 201-C Valuation and Regulation, Canada
£3,200.00
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20
United States — Fellowship: Group and Health Insurance
GH 301 Health Analytics and Management
£3,400.00
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21
United States — Fellowship: General Insurance
GI 101 Ratemaking and Reserving
£3,400.00
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22
United States — Fellowship: General Insurance
GI 201 Operational, Financial, Regulatory and Legal
£3,400.00
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23
United States — Fellowship: General Insurance
GI 301 Further Topics in General Insurance
£3,400.00
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24
United States — Fellowship: General Insurance
GI 302 General Insurance in the U.S.
£3,400.00
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25
United States — Fellowship: Individual Life and Annuities
ILA 101 Pricing and Introduction to Valuation and Risk Management
£3,400.00
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26
United States — Fellowship: Individual Life and Annuities
ILA 201-U Valuation and Advanced Product and Risk Management, U.S.
£3,400.00
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27
United States — Fellowship: Individual Life and Annuities
ILA 201-I Valuation and Advanced Product and Risk Management, International
£3,200.00
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28
United States — Fellowship: Investment
INV 101 Portfolio Management
£3,400.00
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29
United States — Fellowship: Investment
INV 201 Quantitative Finance
£3,400.00
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30
United States — Fellowship: Retirement Benefits
RET 101 Retirement Plan Design
£3,400.00
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31
United States — Fellowship: Retirement Benefits
RET 201 Retirement Plan Valuation
£3,400.00
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32
United States — Fellowship: Retirement Benefits
RET 301 Actuarial Topics for Canadian Retirement Plans
£3,400.00
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33
United States — Fellowship: Retirement Benefits
Enrolled Actuaries Examinations (U.S. only)
£3,400.00
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34
United States — Fellowship: Cross Practice
CP 311 Strategic Management
£3,400.00
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35
United States — Fellowship: Cross Practice
CP 312 Model Development and Governance
£3,400.00
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36
United States — Fellowship: Cross Practice
CP 321 Disability, Long-Term Care, and Long-Duration Health Contracts
£3,400.00
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37
United States — Fellowship: Cross Practice
CP 341 Advanced Life Reinsurance
£3,400.00
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38
United States — Fellowship: Cross Practice
CP 351 Asset Liability Management
£3,400.00
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39
United States — Fellowship: Required Courses
Decision Making and Communications (DMAC) Course
£3,000.00
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40
United States — Fellowship: Required Courses
Fellowship Admissions Course (FAC)
£3,000.00
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