| University | Qualifi Ltd |
|---|---|
| Subject | AF402 Economics for Business (R/650/2371) |
AF402 Assignment Brief
| Qualification | QUALIFI Level 4 Diploma in Accounting and Finance (610/0796/1) |
|---|---|
| Unit Code | AF402 |
| Unit Title | Economics for Business |
| Unit Reference | R/650/2371 |
| Credits | 20 |
| TQT | 200 |
| GLH | 120 |
Assignment Aim
The aim of this unit is for learners to understand the micro- and macro-economic factors that affect businesses and the international business environment.
Learning Outcomes and Assignment Criteria
| Learning Outcomes
When awarded credit for this unit, a learner will: |
Assessment Criteria
Assessment of this learning outcome will require a learner to demonstrate that they can: |
| 1. Understand the ways in which macro-economic factors affect organisations. | 1.1 Explain the key macro-economic factors. |
| 1.2 Assess the significance of the macroeconomic environment to organisations. | |
| 1.3 Evaluate the impact on organisations of
changes in the macro-economic environment. |
|
| 2. Understand the ways in which micro-economics factors affect organisations. | 2.1 Explain the key micro-economic factors. |
| 2.2 Assess the significance of the microeconomic environment to organisations. | |
| 2.3 Evaluate the impact on organisations of changes in the micro-economic environment. | |
| 3. Understand the ways in which macro- economics and microeconomics relate to the international business environment. | 3.1 Explain the significance of the macroeconomic and micro-economic environment in an international business context. |
| 3.2 Evaluate the impact of changes in the macro-economic and micro-economic environment on international organisations. |
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