Economics

This unit is expiring
The expiry date of this unit is 31/07/2026.

Overview

Framework:
Access to HE
Level:
Level 3
Unit No:
QU014129
Credits:
6
Guided learning hours:
Not available

Qualification Grading Type

Graded

Grade Descriptors

  • GD1-Understanding the subject
  • GD2-Application of knowledge
  • GD7-Quality

Unit Learning Outcomes

1.

Understand forces of supply and demand on businesses.

Assessment Criteria

  • 1.1
    Describe and analyse forces of supply and demand on businesses.
  • 1.2
    Compare specific forces of supply and demand on businesses.
  • 1.3
    Evaluate specific forces of supply and demand on businesses.
2.

Understand production and sales.

Assessment Criteria

  • 2.1
    Explain production and sales.
  • 2.2
    Produce a production and sales analysis.
3.

Understand how Governments control the economy.

Assessment Criteria

  • 3.1
    Evaluate budget measures.
4.

Be able to investigate commerce and trade.

Assessment Criteria

  • 4.1

    Analyse a business.

  • 4.2

    Prepare analyses and forecasts.

  • 4.3

    Prepare a national or local business budget for a two year trend.

5.

Understand trading patterns and trends.

Assessment Criteria

  • 5.1
    Explain trends and developments.
  • 5.2
    Describe external influences on business.