MODULE: ECONOMICS 1B (BACN125X_DL)
MODULE: ECONOMICS 1B (BACN125X_DL)
Understand the Economy with Confidence
Build a strong foundation in economics and learn how wider economic factors influence businesses, markets and the national economy. This module introduces students to key macroeconomic concepts and helps them understand how changes in the economy can affect the business environment.
DURATION
Credit
NQF LEVEL
DELIVERY MODE
ASSESSMENTS
20 weeks, including all assessments
15
NQF 5
Distance Online
Test, assignment, ICE and examination
Duration
20 weeks, including all assessments
Credits
15
NQF Level
NQF 5
Delivery Mode
Distance Online
Assessments
Test, assignment, ICE and examination
This module introduces students to key ideas in economics and
helps them understand how markets work. Students will learn basic
macroeconomic theory and use it to make sense of changes in the
economy.
By exploring the performance of the economy, the monetary sector,
government policy, the foreign sector, inflation and unemployment,
the module helps students build a stronger understanding of how
the national economy works and how economic changes can affect
businesses.
By the end of this module, students will be able to:
- Analyse the performance of the economy.
- Understand the role of the monetary sector in the national economy.
- Understand the role of government in macroeconomic policy.
- Understand the role of the foreign sector in the national economy.
- Explain inflation and the means to combat it.
- Understand the effect of unemployment on the national economy.
This is a foundational module in the Higher Certificate in Business
Administration. It lays the basis for understanding the impact of the
economy on businesses and supports the other foundational modules
within the qualification.
By introducing students to macroeconomic theory and the key sectors
that influence the national economy, the module helps them
understand the economic environment in which businesses operate and
prepares them for further learning in business and economics.
How You Will Learn
Primary Learning Materials
By introducing students to macroeconomic theory and the key sectors that influence the national economy, the module helps them understand the economic environment in which businesses operate and prepares them for further learning in business and economics.
Additional Learning Materials
Additional module resources and learning support material will be available on myNGI, NGI’s virtual learning environment.
Interested?
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