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.
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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 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.
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 | |||
Introduction | |||
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 | |||
Equilibrium | |||
Inflation | |||
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 | |||
PESTEL | |||
Chapter 4 – Organisations | |||
Introduction To Organisations | |||
Types Of Organisations | |||
Shareholders And Companies | |||
Measurement Of Company Performance | |||
Short-Run, Long-Run Performance | |||
Stakeholders | |||
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 | |||
Monopolies | |||
Public Goods | |||
Externalities | |||
Minimum And Maximum Prices | |||
Chapter 7 - Data And Information | |||
Data | |||
Information | |||
Knowledge | |||
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 | |||
Summary | |||
Chapter 9 - Financial Markets And Institutions | |||
Introduction | |||
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 |
Ashley Hopkins
After finishing this course I feel like I learn accounting skills which are very useful in my career and life.
Phoenix Campbell
One of the best online courses.
Kiran Lawson
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.
Glenn Nicholson
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.
Quinn Davis
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.
Kris Willis
The content of this course is comprehensive, clear and well-structured; therefore, I would definitely recommend it to my colleagues.
Kit Harris
The course is easy to understand.
Ashley Lawson
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!