Fundamentals of Business Economics - BA1

Access Duration - 365 Days
Awarded By  Awarded By "CIMA"
Guided Learning Hour 10 Guided Learning Hours (10)
Course Material Course Material
Number of Modules 1 Number of Modules 1
4.4( 8 REVIEWS )

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What Will I Learn?

Learn about economics and operating context of business
Understand how financial markets and government economic policy can impact a company.
Learn how factors of competition can influence an organisation
Learn how to use information to evaluate and forecast the behaviour of consumers and markets


This unit, Fundamentals of Business Economics (BA1) is part of the CIMA qualification, Certificate in Business Accounting which you need to complete along with other units which leads to the ultimate qualification. As its name implies, Fundamentals of Business Economics (BA1) primarily focuses on Business Economics fundamentals within the context in which a business operates. The course also focuses on concepts related to international trade, the behaviour of financial markets, critical factors relevant to economic development and globalization, and basic concepts related to Data such as Big Data. Upon its successful completion the learners will gain an overall understanding of economic activities relevant to an organisation as well as grasp an understanding of economic principles in global context which will lead you to the CIMA certification. In addition this unit will be a prerequisite to the courses that proceeds in leading up to the Certificate in Business Accounting.

We provide 100% tailor made support to all our learners as we understand that each learner is quite unique in their ability. This is to make sure that all our learners succeed as ultimately learner’s success is our success. Furthermore the syllabus for this unit BA1 as well as the entire CIMA course is created by industry experts who have hands on experience in the industry.

So enroll today and reap rewards with our special offers and discounts as well.

Who is the CIMA Foundation Level for?

  • School leavers
  • Small business owners
  • Undergraduates and graduates
  • Anyone with an interest in pursuing a career in management accountancy

Entry Requirement

  • The BA1 – Fundamentals of Business Economics does not require formal entry-level qualifications. Learners must be over the age of 16 and have basic knowledge in Mathematics, ICT and English Language.
  • Why Choose Global Edulink?
  • Syllabus Structure
  • Assessment
  • Exam Details
  • Certification
  • Career Path
  • Excellent pass rate
  • Dedicated panel of instructors
  • High rate of passing for first-time students
  • Become confident with mock exams and practice questions
  • Macroeconomic and Institutional Context of Business
  • Macroeconomic and Organisational Context of Business
  • Informational Context of Business
  • Financial Context of Business
This is an objective test. The objective test must be passed in order for learners to complete the syllabus module. Additionally, learners who wish to progress to the CIMA Foundation Level qualification should also successfully pass this test.
This is a computer-based objective test. The test is made up of multiple choice, number entry and drag and drop question formats. Objective Test
  • Format – Computer-Based
  • Duration – 120 minutes
  • BA1 – 60 objective test questions
(A score of 100 out of 150 will represent a Pass)

Objective tests - GBP95 (Tier 1 per exam)

Please Note : Official Exam is not provided, It should be purchased separately

Please note that the prices are subject to change by the The Chartered Institute of Management Accountants (CIMA) at any given time. The above price mentioned per objective test are at the time of writing only. You may check with the official CIMA website for latest updates in prices.
Upon the successful completion of the unit Fundamentals of Business Economics - BA1, learners can advance to the next unit of the Certificate in Business Accounting (CIMA Cert BA) Or If the learner has already completed other units, can apply to the final exam of Certificate in Business Accounting (CIMA Cert BA).

Upon completing this module syllabus, you will be one step closer to having a career in business and finance. While this module does not give you direct access to gain employment, you have the opportunity to take the rest of the 3 modules in the CIMA Foundation Level Certificate. A career in management accounting is waiting for you, and will provide a clear path to progress in your desired employment. Companies worldwide, irrespective of their size require the services and knowledge of management accountants. Management Accountants are marketable across multiple industries.

Course Curriculum

1: BA1 Fundamentals of Business Economics
BA1 Fundamentals of Business Economics
Chapter 1 - National Income, And The Effects Of Economic Growth Rates And Prices On Business
National Income
Concepts Of National Income
The Circular Flow Of Income
Understanding The Circular Flow Model
Outflows Of Cash
Aggregate Supply And Aggregate Demand
Aggregate Supply
Inflation And Deflation
Chapter 2 - International Trade
Balance Of Payment
Importance Of BOP
Contents Of BOP
The Accounts Of The BOP
The Current Account
The BOP Interaction With Key Macroeconomic Variables
Absolute Advantage
Comparative Advantage
Advantages And Disadvantages Of International Trade
Control Of International Trade
Chapter 3 - Economic Development And Globalization
The Effects Of Globalisation
Trade Agreements
Chapter 4 – Organisations
Introduction To Organisations
Types Of Organisations
Shareholders And Companies
Measurement Of Company Performance
Short-Run, Long-Run Performance
The Principal-Agent Problem
Chapter 5 – Prices
The Demand Curve
Demand Curve
Demand Curve Shift
The Price Elasticity Of Demand
Price Elasticity Of Supply
Cross Elasticity Of Demand
Market Equilibrium
Demand-Curve Shifts
Chapter 6 - Market Failure And The Regulations Of Markets
Introduction To Problems With Markets
Public Goods
Minimum And Maximum Prices
Chapter 7 - Data And Information
Tables, Charts And Graphs
Chapter 8 - Big Data And Data Analysis
What Is Big Data And Why Does It Matter?
What Is Big Data Analytics?
What Data Are We Talking About?
How Is Big Data Different From Traditional Data Sources?
The Business Value Of Big Data Analytics
Applications Of Big Data Across Industry Sectors
Data Scientist
The Main Technological Components In A Big Data Ecosystem
Chapter 9 - Financial Markets And Institutions
Financial Intermediaries
Banks As Financial Intermediaries
Other Financial Intermediaries
Financial Markets And Financial Instruments
Central Banks
The Structure Of Interest Rates
Credit Creation By Banks
Foreign Exchange Markets
Chapter 10 - Financial Mathematics
Simple Interest
Compound Interest
Compound Interest Formula
Chapter 11 - The Effects Of Interest Rates And Exchange Rates On Business Performance
Definition And Types Of Exchange Rate Risk
Measurement Of Exchange Rate Risk
Management Of Exchange Rate Risk
Hedging Instruments For Managing Exchange Rate Risk
Hedging Practices By U.S. Firms
Concluding Remarks

Students feedback


Average rating (8)
5 Star
4 Star
3 Star
2 Star
1 Star
    A H

    Ashley Hopkins

    July 03, 2020
    Really useful

    After finishing this course I feel like I learn accounting skills which are very useful in my career and life.

    P C

    Phoenix Campbell

    June 29, 2020
    Great course

    One of the best online courses.

    K L

    Kiran Lawson

    June 10, 2020
    Empowering course

    My knowledge of accounting was broadened and solidified, and I feel empowered to take this knowledge into the business world. It helps you understand how financial markets and government economic policy can impact a company and how factors of competition can influence an organisation.

    G N

    Glenn Nicholson

    June 03, 2020
    Relevant and useful

    This course is a stepping stone in the right direction for those who to aspire to have a career in business and finance. The content is most relevant, especially at times like these. Hence, everyone should be aware of this concepts not only business managers.

    Q D

    Quinn Davis

    May 18, 2020
    Extensive training

    This curriculum is competency-based and taught me in-depth about economics and the operating context of business. It helped me prepare immensely for this module exam, which I passed successfully.

    K W

    Kris Willis

    May 18, 2020

    The content of this course is comprehensive, clear and well-structured; therefore, I would definitely recommend it to my colleagues.

    K H

    Kit Harris

    May 09, 2020
    Easy and simple

    The course is easy to understand.

    A L

    Ashley Lawson

    May 07, 2020

    Excellent course, if you want to go beyond concepts and interpret in a real environment the behavior of the economy, this will be your course. Additionally, the way the course was set up is easy to learn the topics and actually retain the knowledge!

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