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.

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Description

This subject forms part of the Intermediate Level in the ICB Office Administration Programme. This subject 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 subject 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.

Accreditation

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

Qualification

SACOB Certificate of Completion.

This subject forms part of a national qualification. On completion of this subject and the remainder of the subjects in this level you will receive a national certificate.

Requirements

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

Duration

This subject can be completed in 3 months.

Subjects

• 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

Packages

Home Study

The Home Study Package offers:

• Textbooks
• Study guides
• Workbooks - Not for all subjects
• Lecturer Support - via Email, Phone and access to the Student Question & Answer Platform

Online Classroom

The Full Online Classroom Package builds on the Home Study Package and provides you with the digital resources that may be available for your course as well as giving you access to the SACOB Online Classroom. The Online Classroom Package offers:

• Video Kit
• Study maps
• Study plans
• Lecturer/Concept videos
• Quizzes
• Assessment downloads and uploads
• SACOB Student Forum

Assessment

This subject 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.

What's next

You can continue your studies with SACOB and ICB and complete more subjects that make up this qualification.

Downloads

2018 ICB Curriculum Statements