Business Economics

Course Code: DED9402
School: Stonebridge Associated Colleges UK

Description

Economics is the study of scarcity and the consequences of scarcity. Individuals, households, businesses and nations all experience some level of scarcity, in that they do not possess all the resources to satisfy all their wants and needs. Decisions have to be made to balance those scarce resources in order to improve what can be achieved with them.

Individuals have to decide how to spend their income, household budgets have to be managed, business need to deploy their resources in order to ensure their profitability and governments need to consider the best possible balance of spending to meet the needs of competing groups within society.

Economics is concerned with how these decision are made, with how the resources of a nation or a business are allocated and utilized in the production of goods and services, and with how the rewards of these activities are distributed.

• An Introduction to Economics
• The Elementary Theory of Allocation
• The Theory of Production
• Market Structures
• The Theory of Distribution
• Introduction to the Macroeconomy
• National Income Determination
• The Role of Money and the Financial System
• National Income Determination and Aggregate Supply
• International Trade

Outcomes

On completion of your course, you will receive two qualifications:

Business Economics Diploma

Business Economics Diploma issued by Stonebridge Associated Colleges, entitling you to use the letters SAC Dip after your name.

NCFE Level 4 Business Economics Award

This Course leads to an NCFE Level 4 Award Certificate for successful learners. That means that it is independently accredited at a level of learning equivalent to level 4 on the National Qualifications Framework (NQF) for England, Wales and Northern Ireland (in which case GCSE's are at levels 1 and 2 and A Levels are at level 3). In accrediting the program at level 4, NCFE attests that its learning outcomes are at an equivalent level to a level 4 national qualification.

This award has been designed by Stonebridge Associated Colleges to meet specific learners' or employers' requirements. Accreditation by NCFE is a guarantee of quality. It means that this learning program has been scrutinized and approved by an independent panel of experienced educational professionals and is quality audited biannually by NCFE.

Assessment

After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course.

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