We are upgrading our server for better user experience & our site will be down for a short period on 23rd November 2020, 8 PM to 12 PM GMT

Fundamentals of Business Economics - BA1

4.3( 6 REVIEWS )
64 STUDENTS
Buy Now
£39 (inc. VAT)
  • 365 Days
  • Certificate
  • Wishlist
  • Awarded by 'CIMA'
  • 10Guided Learning Hours
  • Course Material
  • 1 Number of Modules

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

Overview

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.

 

  • Why choose Global Edulink for CIMA Foundation Level?
  • Who is the CIMA Foundation Level for?
  • Entry Requirement
  • 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
  • School leavers
  • Small business owners
  • Undergraduates and graduates
  • Anyone with an interest in pursuing a career in management accountancy
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.
  • 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. https://www.cimaglobal.com/Starting-CIMA/Starting-CIMA/Fees/
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.

Key Features

Gain an Accredited UK Qualification

Access to Excellent Quality Study Materials

Learners will be Eligible for TOTUM Discount Card

Personalised Learning Experience

UK Register of Learning Providers Reg No : 10053842

Support by Phone, Live Chat, and Email

Course Curriculum

1: BA1 Fundamentals of Business Economics
BA1 Fundamentals of Business Economics 00:00:00
Chapter 1 - National Income, And The Effects Of Economic Growth Rates And Prices On Business
Introduction 00:00:00
National Income 00:00:00
Concepts Of National Income 00:00:00
The Circular Flow Of Income 00:00:00
Understanding The Circular Flow Model 00:00:00
Outflows Of Cash 00:00:00
Aggregate Supply And Aggregate Demand 00:00:00
Aggregate Supply 00:00:00
Equilibrium 00:00:00
Inflation 00:00:00
Inflation And Deflation 00:00:00
Chapter 2 - International Trade
Balance Of Payment 00:00:00
Importance Of BOP 00:00:00
Contents Of BOP 00:00:00
The Accounts Of The BOP 00:00:00
The Current Account 00:00:00
The BOP Interaction With Key Macroeconomic Variables 00:00:00
Absolute Advantage 00:00:00
Comparative Advantage 00:00:00
Advantages And Disadvantages Of International Trade 00:00:00
Control Of International Trade 00:00:00
Chapter 3 - Economic Development And Globalization
The Effects Of Globalisation 00:00:00
Trade Agreements 00:00:00
PESTEL 00:00:00
Chapter 4 – Organisations
Introduction To Organisations 00:00:00
Types Of Organisations 00:00:00
Shareholders And Companies 00:00:00
Measurement Of Company Performance 00:00:00
Short-Run, Long-Run Performance 00:00:00
Stakeholders 00:00:00
The Principal-Agent Problem 00:00:00
Chapter 5 – Prices
The Demand Curve 00:00:00
Demand Curve 00:00:00
Demand Curve Shift 00:00:00
The Price Elasticity Of Demand 00:00:00
Price Elasticity Of Supply 00:00:00
Cross Elasticity Of Demand 00:00:00
Market Equilibrium 00:00:00
Demand-Curve Shifts 00:00:00
Chapter 6 - Market Failure And The Regulations Of Markets
Introduction To Problems With Markets 00:00:00
Monopolies 00:00:00
Public Goods 00:00:00
Externalities 00:00:00
Minimum And Maximum Prices 00:00:00
Chapter 7 - Data And Information
Data 00:00:00
Information 00:00:00
Knowledge 00:00:00
Tables, Charts And Graphs 00:00:00
Chapter 8 - Big Data And Data Analysis
What Is Big Data And Why Does It Matter? 00:00:00
What Is Big Data Analytics? 00:00:00
What Data Are We Talking About? 00:00:00
How Is Big Data Different From Traditional Data Sources? 00:00:00
The Business Value Of Big Data Analytics 00:00:00
Applications Of Big Data Across Industry Sectors 00:00:00
Data Scientist 00:00:00
The Main Technological Components In A Big Data Ecosystem 00:00:00
Summary 00:00:00
Chapter 9 - Financial Markets And Institutions
Introduction 00:00:00
Financial Intermediaries 00:00:00
Banks As Financial Intermediaries 00:00:00
Other Financial Intermediaries 00:00:00
Financial Markets And Financial Instruments 00:00:00
Central Banks 00:00:00
The Structure Of Interest Rates 00:00:00
Credit Creation By Banks 00:00:00
Foreign Exchange Markets 00:00:00
Chapter 10 - Financial Mathematics
Simple Interest 00:00:00
Compound Interest 00:00:00
Compound Interest Formula 00:00:00
Chapter 11 - The Effects Of Interest Rates And Exchange Rates On Business Performance
Definition And Types Of Exchange Rate Risk 00:00:00
Measurement Of Exchange Rate Risk 00:00:00
Management Of Exchange Rate Risk 00:00:00
Hedging Instruments For Managing Exchange Rate Risk 00:00:00
Hedging Practices By U.S. Firms 00:00:00
Concluding Remarks 00:00:00

Students feedback

4.3

Avarage rating (6)
4.3
5 Star
4 Star
3 Star
2 Star
1 Star
    A H

    Ashley Hopkins

    July 03, 2020 - 4:06pm
    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 - 1:59pm
    Great course

    One of the best online courses.

    G N

    Glenn Nicholson

    June 03, 2020 - 12:54pm
    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 - 5:24pm
    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 H

    Kit Harris

    May 09, 2020 - 10:03am
    Easy and simple

    The course is easy to understand.

    A L

    Ashley Lawson

    May 07, 2020 - 11:45am
    Excellent

    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!

Buy Now
£39 (inc. VAT)
  • 365 Days
  • Certificate
  • Wishlist
  • Awarded by 'CIMA'
  • 10Guided Learning Hours
  • Course Material
  • 1 Number of Modules
WhatsApp chat