Economics

Overview

Framework:
Access to HE 2024
Level:
Level 3
Unit No:
Not available
Credits:
6
Guided learning hours:
Not available

Qualification Grading Type

Graded

Unit Learning Outcomes

1.

Know forces of supply and demand on businesses.

Assessment Criteria

  • 1.1.

    Know forces of supply and demand on businesses.

  • 1.2.

    Analyse specific forces of supply and demand on businesses.

2.

Understand Production Costs and Sales.

Assessment Criteria

  • 2.1.

    Explain Production Costs and Sales.

3.

Be able to produce a production and sales analysis for a specific purpose.

Assessment Criteria

  • 3.1.

    Produce a Production Costs and Sales analysis for a specific purpose.

4.

Understand how Governments control the economy.

Assessment Criteria

  • 4.1.

    Explain national budgetary measures.

5.

Be able to investigate commerce and trade.

Assessment Criteria

  • 5.1.

    Explain the terms commerce and trade for a specific business

  • 5.2.

    Analyse a business to identify trends, and opportunities for improvement.

  • 5.3.

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

6.

Understand trading patterns and trading trends.

Assessment Criteria

  • 6.1.

    Explain a range of different trading patterns.

  • 6.2.

    Explain different trading trends.

  • 6.3.

    Analyse the effects of external factors on trading patterns and trading trends.