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 Certificate: Economic Management Analysis

SAQA QUAL ID	QUALIFICATION TITLE
1145	National 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 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	120	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

Competent learners will be able to apply basic economic, financial & numeric knowledge and skills in analysing the economic environment, under the supervision of a skilled financial analyst

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

FET Certificate at level 4 with: 20 credits in Mathematics Computer literacy Functional communication skills in English, both written and oral

RECOGNISE PREVIOUS LEARNING?

Y

EXIT LEVEL OUTCOMES

1. Explain the broad economic environment and role of all sectors. 2. To apply quantitative techniques in business decisions and decision trees. 3. Classify, record and apply transactions according to basic accounting principles. 4. Acquire and apply basic legal principles within a corporate environment. 5. Use decision making models in management decisions. Specific Outcomes: 1. To explain the scope of economics and it's relationship with other sciences (F & C). To explain the basic macroeconomic entities in the economy (F & C) To explain and analyse the basic price theory (F & C). To identify current economic issues and indicate how to address it. (F & C). 2. To collect and organise data (C). To define and apply probability (C) To use regression analysis (C) 3. Preparing source documents for data capturing (F & C). Use sorted source documents to record transactions on a daily basis (F & C) Balancing accounts to compile a trial balance (F & c) Reconcile bank and other control accounts (F & C) Prepare financial statements for sole proprietors partnerships and clubs (F & C) 4. Acquire basic legal knowledge to function in a corporate environment (C). Identify and interpret the provisions of an agreement (C) Identify and apply the basic underlying legal principles in the relevant context (C) Apply the basic legal principles regarding negotiable instruments (C) 5. To describe and analyse the current economic problems in South Africa (F & C). To apply general management principles in the economic and financial environment (F & C). Critical outcomes embedded in the specific 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 5. To use the latest technology effectively in executing economic and accounting tasks

ASSOCIATED ASSESSMENT CRITERIA

1. Explain the nature and scope of economics and its relationship with other social sciences. Explain the working of the economy and identify the inter-relationship between the various role-players. Calculate national identities. Explain the purpose of national figures Explain the role of money and financial institutions in the economy Describe why countries participate in international trade Compile and basic interpretations of the balance of payments Explain the role of the public sector in the economy Discuss the working of the market mechanism Calculate consumer equilibrium using the various methods Do basic cost and production calculations Distinguish between the various market forms Define and explain the causes of inflation. Indicate the consequences of inflation on the various sectors of the economy Distinguish between the various measures to combat inflation. Distinguish between the various types of inflation. Calculate current inflation rates using price indexes Describe the nature of unemployment and the role of trade union in South Africa. Explain the role of the business cycle in the economy 2. Apply principles in collecting data Do basic calculations Construct and interpret graphs and charts Define different types of probability Apply the rules of probabilities Know the basic properties of probabilities Explain the concept of regression analysis Determine a linear regression equation Interpret a linear regression graph Use a linear equation to predict values 3. Source documents are correctly prepared for data capturing Sorted source documents are correctly recorded in the relevant books of prime-entry The trial balance is correctly balanced Bank and other accounts are correctly reconciled Financial statements are correctly prepared 4. Correct application of the basic legal principles Correct identification and interpretation of agreements Correct application of legal principles in the right context Correct application of the principles regarding negotiable instruments 5. Analyse the current economic growth and development of SA Describe and analyse the various growth strategies Explain the importance of community development Analyse and describe the housing and urbanisation problem facing SA Explain the most recent development pertaining to land allocation Indicate why environmental issues are important when considering economic development Identify and explain the elements of management Identify and describe the functions of an entrepreneur Calculate productivity and explain why it fulfils an important role in the economic environment Describe the various techniques at decision making models Distinguish between and apply the various techniques when evaluating alternative options. Identify and apply the evaluation criteria appropriate at each technique Discuss the various evaluation criteria Distinguish and describe the specific decision making models. Integrated assessment: 1. Written exam 2. Projects / class tests / assignments 3. Case studies

ARTICULATION OPTIONS

Articulates with a Diploma 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 (professional degree) Experience: Five years experience in an 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.

1.	Gotsec Skills Training

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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.