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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Interpret the impact of macro economic decisions or indicators on a business environment 
SAQA US ID UNIT STANDARD TITLE
14512  Interpret the impact of macro economic decisions or indicators on a business environment 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  5 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 		 2003-08-13  2006-08-13  SAQA 0249/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-08-13   2010-08-13  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
230079  Interpret the impact of macro economic decisions or indicators on a business environment  Level 6  Level TBA: Pre-2009 was L6  5   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who are required to have a sound knowledge of the impact of the macro economic decisions on the areas of business affected by the macro environment. It will be useful for product developers, learners in marketing and compliance and intermediaries.

The qualifying learner is capable of:
  • Discussing the impact of macro economic decisions on the economy and a business environment.
  • Discussing the impact of macro economic decisions on investment strategies in a business environment.
  • Using economic indicators to determine the current economic cycle and possible future directions.
  • Appling trends in the economic environment to a specific financial organisation. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication, Mathematical Literacy and Financial Literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
    Areas of business affected by changes in the macro environment include, but are not limited to, products, marketing, systems administration and the management of client relationships. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Discuss the impact of macro economic decisions on the economy and a business environment. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The interrelationship between monetary and fiscal policy is explained with reference to the role of the Reserve Bank and Government. 

    ASSESSMENT CRITERION 2 
    2. Imbalances that can occur in an economy are explained and an indication is given of how fiscal and monetary policy can be applied to restore balance. 

    SPECIFIC OUTCOME 2 
    Discuss the impact of macro economic decisions on investment strategies in a business environment. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The impact of an increase in interest rates on client behaviour is explained and an indication is given of subsequent effects on business. 

    ASSESSMENT CRITERION 2 
    2. The impact of an increase in tax on client behaviour is explained and an indication is given of subsequent effects on business. 

    ASSESSMENT CRITERION 3 
    3. The effect of foreign exchange controls on investment decisions is explained and an indication is given of the subsequent effects on business. 

    SPECIFIC OUTCOME 3 
    Use economic indicators to determine the current economic cycle and possible future directions. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Six key indicators are analysed in terms of the current level and recent trends. 

    ASSESSMENT CRITERION 2 
    2. The indicators are used to determine the current economic cycle. 

    ASSESSMENT CRITERION 3 
    3. A personal view is expressed and substantiated on the likely future movement of the economy. 

    SPECIFIC OUTCOME 4 
    Apply trends in the economic environment to a specific financial organization. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Areas of a business that are affected by changes in the macro environment are identified and an indication is given of why and how the changes impact on that area. 

    ASSESSMENT CRITERION 2 
    2. The impact of changes in the macro environment on the business client relationship is analysed and an indication is given of how this change could be managed in a selected business. 

    ASSESSMENT CRITERION 3 
    3. The impact of changes in the macro environment on business risk is analysed with reference to pricing, guarantees and the general financial state of the business. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by INSQA or a relevant accredited ETQA. The mechanisms and requirements for moderation are contained in the document obtainable from INSQA (INSQA framework for assessment and moderation). 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical thinking have been made in applying trends in the economic environment to a specific business. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in using economic indicators to determine the current economic cycle and forecast future directions. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 230079, 'Interpret the impact of macro economic decisions or indicators on a business environment', Level 6, 5 Credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Fundamental  36437   National Certificate: Local Economic Development  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Fundamental  20909   National First Degree: Customer Management  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2018-06-30   
    Fundamental  20905   National First Degree: Marketing Communication  Level 6  NQF Level 07  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Fundamental  20901   National First Degree: Marketing Management  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2018-06-30   
    Fundamental  20897   National First Degree: Marketing Research  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered"     		 2018-06-30   


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Abacwaningi Business Solutions 
    2. Edutraining Business College 
    3. Giamanje TVET College 
    4. IALE School of Advanced Learning Education 
    5. Jobafrik Consulting 
    6. Josmap Training Institute 
    7. Lewerb Holdings (PTY) Ltd 
    8. Mamuhle Academy 
    9. MATEPE INVESTMENTS (PTY) LTD 
    10. Mortarboard Training Solutions 
    11. PFIM Trading (Pty) Ltd 
    12. PMA Holdings (PTY ) LTD. 
    13. Progressive School of Business and Engineering (Pty) 
    14. PTDEV (Pty) Ltd 
    15. Reflections Development Institute 
    16. Starplex 489 cc 
    17. Tachfin Holdings 
    18. Tembe Service Providers 
    19. Thinking Mind Trading 
    20. Transafric Consulting Pty Ltd 
    21. Umqondo Consultancy 
    22. University of Venda 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.