ICB Economics



This course forms part of the Intermediate Level in the ICB Office Administration Programme. This course is an insightful study of how people behave and organisations operate under constraints of resources. It provides powerful tools to understand and analyse many aspects of our lives and help us to become informed, perceptive decision-makers. It also helps develop methodical ways of thinking and problem solving which can be used in our lives as effective members of the workforce, responsible and knowledgeable citizens, informed consumers, savers, and investors, and perceptive participants in the global economy. This course explores the ways in which this social science analyses the production, distribution, and consumption of goods and services, and aims to explain how economies work and how economic agents interact. Economic analysis is applied throughout society, in business, finance and government, but also in crime, education, the family, health, law, politics, religion, social institutions, war, and science.


Institute of Certified Bookkeepers as a Quality Assurance Partner of the QCTO.

Entrance requirement

Certificate: Office Administration NQF L5, which consists of the Foundation Level.


This course can be completed in 3 months.

Starting Dates

12 February 2018
16 April 2018
18 June 2018

20 August 2018
29 October 2018

* These dates are for the Online Classroom option, students who wish to enroll for the Home Study option have no particular starting date.


• The economic problem
• The production possibility frontier
• Economic systems
• Concepts of micro-economics
• Concepts of macro-economics
• Concepts of international trade and finance
• Concepts of monetary theory and policy
• Concepts of public finance
• Concepts of labour economics
• Economic growth and development of the South African economy


This course is assessed by the ICB by means of a Portfolio of Evidence where you are required to complete Activities (assignments) and Evaluations (tests) and then complete a final summative assessment (exam) written at an ICB assessment centre. Please be sure to register for your assessment.


This course is a short course as part of a national qualification. Once you have completed this course and the remainder of the level you will receive a national certificate.


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