SAQA 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.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE: 

National Higher Certificate: Economic Management Analysis 
SAQA QUAL ID QUALIFICATION TITLE
1139  National Higher Certificate: Economic Management Analysis 
ORIGINATOR
Committee of Technikon Principals 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
National Higher Certificate  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  240  Level 5  Level TBA: Pre-2009 was L5  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Passed the End Date -
Status was "Registered" 		 SAQA 9900/00  2003-07-01  2006-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-06-30   2010-06-30  

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 qualification does not replace any other qualification and is not replaced by any other qualification. 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
The competent learner will be able to apply advanced economic, financial & statistical knowledge and skills in analysing the economic environment. They will also be able to evaluate financial markets and take elementary financial decisions. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Certificate in Economic Management Analysis

Recognition of prior learning:
The qualification will also be awarded to a learner who has provided evidence that the stated competence of the qualification has been achieved through experience that complies with the stated specified outcomes 

RECOGNISE PREVIOUS LEARNING? 
Y 

QUALIFICATION RULES 
The qualification will be awarded to a learner who has provided evidence to the satisfaction of the assessors that the stated competence of the qualification, as detailed in the specified outcomes, has been achieved, either through education and training in a single provider's learning programme or through experience that complies with the stated specified outcomes. 

EXIT LEVEL OUTCOMES 
1.Explain the effect of macro economic policy and changes on growth and income
2.Do a statistical analysis of economic aggregates and financial markets
3.Implement and maintain accounting systems in compliance with basic principles
4.Securing effective resource allocation for all activities
5.Understand the place, purpose and objectives of the functions of the enterprise


Specific Outcomes:

a).
Describe how to determine consumer equilibrium (F&C)
Determine the price of factors of production through supply and demand analysis (F&C)
Compile and calculate national accounts (F&C)
Determine the level of national income (F&C)
Discuss monetary theory and policy (F&C)
Describe economic growth (F&C)

b).
Use basic statistical and mathematical methods to calculate national economics aggregates (F&C)
Describe the South African financial system (F&C)
Describe the role of the different financial institutions (F&C)
Describe and analyse the working of financial markets (F&C)

c).
Preparing financial statements according to GAAP for the different business entities and sectors (F & C)
Basic analysis and interpretation of financial statements (F & C)
Record transactions relating to branch accounts (F&C)

d).
Basic assessment of the entity's working capital position (F&C)
Identify different sources of finance (F&C)
Assess the influence of the time value of money on financial decisions (F&C)
Compile budgets for expenditures and revenues (F&C)
Make basic valuations of a company's shares (F&C)
Analyse financial statements (F&C)

e).
Demonstrate an understanding of the different functions of management ( c)
Demonstrate an understanding of the objectives of the different management functions ( c)
1.Explain the effect of macro economic policy and changes on growth and income
2.Do a statistical analysis of economic aggregates and financial markets
3.Implement and maintain accounting systems in compliance with basic principles
4.Securing effective resource allocation for all activities
5.Understand the place, purpose and objectives of the functions of the enterprise

Specific Outcomes:

a).
1.Describe how to determine consumer equilibrium (F&C)
2.Determine the price of factors of production through supply and demand analysis (F&C)
3.Compile and calculate national accounts (F&C)
4.Determine the level of national income (F&C)
5.Discuss monetary theory and policy (F&C)
6.Describe economic growth (F&C)

b).
7.Use basic statistical and mathematical methods to calculate national economics aggregates (F&C)
8.Describe the South African financial system (F&C)
9.Describe the role of the different financial institutions (F&C)
10.Describe and analyse the working of financial markets (F&C)
11.Preparing financial statements according to GAAP for the different business entities and sectors (F & C)
12.Basic analysis and interpretation of financial statements (F & C)
13.Record transactions relating to branch accounts (F&C)
14.Basic assessment of the entity's working capital position (F&C)
15.Identify different sources of finance (F&C)
16.Assess the influence of the time value of money on financial decisions (F&C)
17.Compile budgets for expenditures and revenues (F&C)
18.Make basic valuations of a company's shares (F&C)
19.Analyse financial statements (F&C)
20.Demonstrate an understanding of the different functions of management ( c)
21.Demonstrate an understanding of the objectives of the different management functions ( c)
22.Demonstrate and justify the interrelationships between the different functions of management ( c)
23.Demonstrate an understanding of the applicability of the different functions of management at all levels of management ( c)

Critical Outcomes:
1. Identify and solve problems pertaining to the economic environment
2. Work effectively with other team members to ensure that sound economic and accounting principles are applied.
3. Organise and manage oneself by means of effective time management to ensure that task deadlines are reached.
4. Collect, analyse, organise and critically evaluate economic and accounting data.
5. To use the latest technology effectively in executing economic and accounting tasks. 

ASSOCIATED ASSESSMENT CRITERIA 
a).

Define the concept of utility
Calculate total and marginal utility and plot the curves on a graph
Analyse indifference curves to determine consumer equilibrium
Calculate the marginal rate of substitution
Derive the individual demand curve

Explain the concept of production cost
Determine the demand for factors of production as a function of profit maximization
Discuss the supply of factors of production
Show graphically the determination of equilibrium in different factor markets
Distinguish between price formation in various market conditions
Discuss the remuneration for each factor of production
Describe the substitutability of capital for labour, referring to isoquants and iso-cost lines
Calculate minimum cost of production

Distinguish between different national accounts
Calculate the Gross Domestic product by means of three different methods
Distinguish between GDP at factor cost and market price
Distinguish between real, potential, nominal GDP and GDP per capita
Describe national and domestic income
Describe gross domestic investment and its financing
Describe the balance of payments and the various transactions with the rest of the world

Illustrate and discuss the economic cycle
Describe the classical theory on national income determination
Discuss Keynes' income determination theory
Distinguish between the effect of changes in the four sectors on national income
Describe the role of money in Keynes' model
Illustrate policy changes on Keynes' model, the IS/ LM model and the AS/AD model

Discuss the supply of money
Discuss the theories on demand for money
Determine equilibrium on the money market
Describe monetary policy in South Africa

What is economic growth and how is it measured
Analyse economic growth and policy in South Africa
Determine the sources for economic growth
Investigate the desirability of economic growth
Describe and analyse the business cycle
Determine the business cycle phase using economic indicators
Describe and evaluate stabilization policies

b).

Calculate simple interest
Calculate compound interest
Construct and analyse indexes
Describe and calculate probability
Use correlation and regression to analyse statistical relationships
Use multiple regression in analysis
Use time-series analysis to evaluate data

Describe the role of the financial system in the economy
Distinguish between the various elements of the financial system

Explain the role and functions of the SA Reserve Bank
Explain the role and functions of various types of banks

Describe how financial markets in South Africa are regulated
Distinguish between the different types of international capital markets
Describe the working of the international equity market
Describe the working of the international fixed-interest and bond markets
Distinguish between futures, options and other derivative products

c).

Financial statements are prepared according to GAAP for the different business entities and sectors
Financial statements are analysed and interpreted at a basic level
Transactions relating to branch accounts are correctly recorded

d).

The liquidity position of an organization is calculated and interpreted correctly
The elements and significance of working capital are explained in detail
Methods of minimizing the cost of capital are explained using practical examples

Methods of raising long-term funds and the significance of institutional investors are explained correctly
The sources of short-term finance and the position of factoring as a method of funding operations are discussed in detail

The role of time value in finance are explained correctly
The two common views, future value and present value and the use of financial tables to find them are demonstrated by doing calculations
The future value of annuities are calculated
The present value of annuities are calculated

The objectives of a budgetary control system are explained
A cash budget is prepared correctly
The value of shares are correctly calculated using the Gordon growth model and the earnings yield method
The key financial ratios of an organization are correctly calculated and evaluated

e).

The different management functions can be defined and explained.
The different management functions' roles can be explained and justified in the context of a given case study.

The objectives of the different management functions can be identified and explained in the context of a given case study

The interrelationships between and among the different functions of management can be explained and justified in the context of a given case study.

The different levels of management within an organisation can be identified and explained in the context of a given case study
The different management functions' applicability at the different management levels can be explained and justified within the context of a given case study

Integrated assessment:

Written exam
Projects / class tests / assignments
Case studies 

ARTICULATION OPTIONS 
Articulates with First Degree in Economic Management Analysis.
Qualification can further lead to areas of specialisation and entry requirements to :
  • Accounting
  • Business Management
  • Other tertiary institutions offering similar commercial qualifications
  • Institute of Bankers qualifications
  • South African Institute of Financial Markets 
    		•

    MODERATION OPTIONS 
    1. Industry as represented on Advisory Committee
    2. Labour as represented on Advisory Committee
    3. Government institutions as represented on Advisory Committee
    4. Students (present and alumni)
    5. Tutors 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    Qualifications : Economic related qualification equal to NQF level 6

    Experience : Five years experience in a economic related field 

    NOTES 
    While South Africa still had Technikons, all of their qualifications were registered under the Committee of Technikon Principals. After the Technikons became Universities of Technology or merged with Universities, the qualifications were registered under each of these institutions, and the CTP qualifications fell away (hence the end date of 2006, above). Where relevant, replacement information is
    shown in the table above. 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    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.
     
    NONE 


    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.