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 UNIT STANDARD THAT HAS PASSED THE END DATE: 

Demonstrate and apply a knowledge and understanding of the basic economic concepts central to local economic development 
SAQA US ID UNIT STANDARD TITLE
110475  Demonstrate and apply a knowledge and understanding of the basic economic concepts central to local economic development 
ORIGINATOR
SGB Economics 
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 4  NQF Level 04  6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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 unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for people who are, or seek to be, active in the area of local economic development. It provides the learner with an understanding of basic economic concepts that inform local economic development activities.

People credited with this Unit Standard are able to:
  • Explain the interaction of supply and demand in the South African political economy.
  • Identify the role of the government in the South African economy.
  • Identify and explain the nature of development economics with specific reference to the South African context.
  • Illustrate the key economic concepts central to local economic development in the form of a presentation with examples from own work context. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner is competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
  • Micro-economics refers to smaller, more localised issues in economics concerning individual markets or industries.
  • Macro economics with specific reference to fiscal policy in government economics.
  • Monetary economics with specific reference to monetary policy.
  • Development economics issues include: the real meaning of development; sources of national and regional growth; who benefits from economic development and why; what is environmentally sustainable development; primary products vs. developing manufacturing (i.e. beneficiation); what is globalisation; improving the choices of development policies made by developing countries 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the interaction of supply and demand in the South African political economy. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The concept of consumer demand is explained with reference to the South African economy and population. 

    ASSESSMENT CRITERION 2 
    2. The concept of supply is explained with reference to a range of parties, both government and non-government, in the South African economy. 

    ASSESSMENT CRITERION 3 
    3. The concept of a market is explained in terms of the place where supply and demand meet. 

    SPECIFIC OUTCOME 2 
    Identify the role of the government in the South African economy. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The government`s role in raising and spending taxes is explained with reference to the South African economy. 

    ASSESSMENT CRITERION 2 
    2. The government`s role in setting fiscal and monetary policy is explained with reference to the South African economy. 

    ASSESSMENT CRITERION 3 
    3. The South African situation is contrasted with that of other political economies. 

    SPECIFIC OUTCOME 3 
    Identify and explain the nature of development economics with specific reference to South Africa. 
    OUTCOME NOTES 
    Identify and explain the nature of development economics with specific reference to the South African context. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Development economics is defined as a separate field within the economics discipline. 

    ASSESSMENT CRITERION 2 
    2. Development economics is compared with traditional economics and the political economy. 

    ASSESSMENT CRITERION 3 
    3. A range of issues in development economics is discussed with reference to the local economic development environment in South Africa. 

    SPECIFIC OUTCOME 4 
    Illustrate key economic concepts central to local economic development in form of a presentation. 
    OUTCOME NOTES 
    Illustrate the key economic concepts central to local economic development in the form of a presentation with examples fromown work context. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. A range of key economic concepts are identified in the local economic developmentenvironment. 

    ASSESSMENT CRITERION 2 
    2. The key components identified are discussed and motivated in own work context. 

    ASSESSMENT CRITERION 3 
    3. A presentation of the key components is prepared and delivered in a format that isappropriate to the specified target audience. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or will assess this Unit Standard must be accredited as a provider with the relevant ETQ, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Therefore, anyone wishing to be assessed against this Unit Standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Definition of economics and its sub-fields.
  • The basic issues in economics i.e. allocation process; production process; distribution process.
  • The role of graphs in economics and drawing and using information from graphs. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization and community by, e.g.
  • Explaining the interaction of supply and demand in the South African political economy according to the assessment criteria listed in specific outcome "Explain the interaction of supply and demand in the South African political economy." 
    		•

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and critically evaluate information by, e.g.
  • Explaining the interaction of supply and demand in the South African political economy according to the assessment criteria listed in specific outcome "Explain the interaction of supply and demand in the South African political economy."
  • Identifying the role of the government in the South African economy according to the assessment criteria listed in specific outcome "Identify the role of the government in the South African economy."
  • Identifying and explaining the nature of development economics according to the assessment criteria listed in specific outcome "Identify and explain the nature of development economics with specific reference to the South African context." 
    		•

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognizing that problem solving contexts do not exist in isolation by e.g.
  • Explaining the interaction of supply and demand in the South African political economy according to the assessment criteria listed in specific outcome "Explain the interaction of supply and demand in the South African political economy."
  • Identifying the role of the government in the South African economy according to the assessment criteria listed in specific outcome "Identify the role of the government in the South African economy."
  • Identifying and explaining the nature of development economics according to the assessment criteria listed in specific outcome "Identify and explain the nature of development economics with specific reference to the South African context." 
    		•

    UNIT STANDARD CCFO CONTRIBUTING 
    Be culturally and aesthetically sensitive across a range of social contexts by, e.g.
  • Discussing a range of issues in development economics according to assessment criterion "A range of issues in development economics is discussed with reference to the local economic development environment in South Africa." 
    		•

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  36436   National Certificate: Local Economic Development  Level 4  Level TBA: Pre-2009 was L4  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  67509   Further Education and Training Certificate: Community Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  23094   Further Education and Training Certificate: Development Practice  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2009-09-09  ETDP SETA 
    Elective  65989   Further Education and Training Certificate: Human Settlements Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CETA 
    Elective  57428   Further Education and Training Certificate: Youth Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  ETDP SETA 
    Elective  23095   Higher Education and Training Certificate: Development Practice  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  ETDP SETA 
    Elective  65649   National Certificate: Official Statistics  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 


    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. A.S.A.P Training and Consulting 
    2. A4 Consultancy CC 
    3. Africa Institute For Public Administration 
    4. African Divas 
    5. Alpharide 
    6. Amabamba Recruitment 
    7. Amangile Academy (Pty) Ltd 
    8. AVAX SA 481 CC. T/A Mandisa Development Services 
    9. AVC Corporate Advisory Services (PTY) LTD. 
    10. Avenida (Pty) Ltd 
    11. B T Group of Companies PTY Ltd 
    12. Bakgatla Municipal Solutions 
    13. Bantubanye Skills 
    14. Bavelile Consultants and Training 
    15. Belgravia Institute of Mangement (PTY) LTD 
    16. Bettes - Types Trading and Projects 
    17. Black Thari Trading Enterprise 
    18. BMST Consulting 
    19. BO Support Services CC 
    20. Boikgalaletso Skills Development 
    21. Boikgantsho Consulting & Events 
    22. Boikgantsho Consulting Events cc 
    23. Boni Africa Events & Development 
    24. Brilliant Affairs 
    25. C Madumo Projects cc 
    26. Central Bridge Trading 109 
    27. Chuene Bosa Bosele Trading & Enterprise (PTY) LTD. 
    28. Commisioned Training cc 
    29. Continuing Education Programme 
    30. D T M CONSULTING CC 
    31. Dabulamanzi Njabulo Ndaba Consulting cc 
    32. Daily Double Traiding 281 
    33. Danearl (PTY) LTD 
    34. Dee s Training PTY LTD 
    35. Development Bank of Southern Africa (DBSA) 
    36. DialNx Consultants 
    37. Ditirelo Skills Development Services 
    38. Ditlou Solutions 
    39. Eastern Rose Enterprise 
    40. Edu Prof Training Centre 
    41. Edutel Skills Development Pty Ltd 
    42. Edutraining Business College 
    43. Elective Training Institute Enterprise CC 
    44. Envirogreen 
    45. Esehlula Bashuki 
    46. Ethembeni Multi Service Enterprise (Pty) Ltd 
    47. Express Model 405 
    48. Faith First Trading 
    49. Future Teacher Pty Ltd 
    50. Gauteng Association Of Local Authorities 
    51. Giamanje TVET College 
    52. Giggs Creations 
    53. Glentech Innovative Design Concepts 
    54. Glere Skills and Consultants 
    55. Global Care Trading 100 CC 
    56. Gogone S Trading & Projects 
    57. Gotsec Skills Training 
    58. Gugulethu Management & Training Consultancy 
    59. Hadima Training Academy 
    60. Hanyeleni Business Enterprise 
    61. Hercuscope 
    62. Hlombe and Associates 
    63. Ikwanda Customs Consultants CC 
    64. Iliso Investment holdings (Pty) Ltd 
    65. Independent Development Trust 
    66. Inkcubeko YakwaNtu Trading 
    67. Inkwenkwezi Private College Skills Development cc 
    68. Innova8 Solutions 
    69. Institute of Cooperatives and Community Economic Development 
    70. INTERMASIKO CC 
    71. IQ Skills Academy (PTY) LTD. 
    72. Isibani Skills Academy 
    73. Isibani Soluntu 
    74. Iziko Capacity Building CC. 
    75. Jabukile Consultancy 
    76. JIT Projects 
    77. Jobafrik Consulting 
    78. Johsie Enertprise 
    79. Josmap Training Institute 
    80. Jucamo Shelf 4 CC. 
    81. K-Leng Touch, Events and Skills Development 
    82. Kernel Management and Consulting (PTY) LTD. 
    83. Keydimensions Risk Solutions 
    84. Kgakishe Trading and Projects (PTY) LTD 
    85. Kgotla Trading Enterprise 
    86. Khumo Project Management Services 
    87. Kia Chuma 
    88. KITSO TRAINING AND DEVELOPMENT 
    89. KPH Enterprises 
    90. KPK Training Solutions 
    91. KZN Tourism Training 
    92. Lelethu Training (Pty) Ltd 
    93. Leratham Supply Distribution and Enterprise 
    94. Leronsa Trading Enterprise 
    95. Lesedi Educare Association 
    96. Lesias Educational Services 
    97. Letsete Behub 
    98. Lewerb Holdings (PTY) Ltd 
    99. Life Long ABET Consulting 
    100. Lilihle Trading and Projects 
    101. Lilithalethu Holdings 
    102. Limpopo LED Resource Centre 
    103. Livhus Consulting Service 
    104. Local Government Management Academy 
    105. Londimvelo Consultants 
    106. Lunga 99 Trading Enterprise 
    107. Lwazi Community Facilitator 
    108. M.I.C. Training and Development 
    109. Mabuya Amahle Trading 
    110. Madingoane and Family Construction 
    111. Mafusega Projects 
    112. Mahayi HRD Services cc 
    113. Makhuba Development Projects CC 
    114. Makoti Skills Development Solutions 
    115. Makwenzeke Grass and Cleaners CC. 
    116. Mancosa (PTY) LTD T/A Management College of Southern Africa 
    117. MANCOSA Pty (Ltd) 
    118. Maqhawe College 
    119. Marematlou Training Institute 
    120. Masemase Consultancy CC. 
    121. Mathye and Ditlou Dynasty Corporate 
    122. Matiisetso Training and Consulting 
    123. Matsila Holdings 
    124. Mbokazi & Mkhize 
    125. Mc Intosh Xaba and Associates (MXA) 
    126. MENTORNET PTY LTD 
    127. Mgwezane Training and Events Management CC. 
    128. Miczo's Enterprise 
    129. Mimoisa Business Solutions CC 
    130. Misol Projects cc 
    131. MJ Mafunisa Consulting (PTY) LTD 
    132. Mmanape Management Solutions 
    133. MML Consulting CC. 
    134. Mod-Mosh Projects and Consulting (PTY) LTD 
    135. Mohlaje Solutions (Pty) Ltd 
    136. Morena Empire Investment 
    137. Mortarboard Training Solutions 
    138. Mosako Wa Kitso 
    139. MUHANGWENE DEVELOPMENT ENTERPRISE 
    140. Multi-Skills Training & Development Institute (Pty) Ltd 
    141. Multiple Productive Management Solutions 
    142. National Peace Accord Trust 
    143. Ndrendre Building & General Services 
    144. NEBSA MANAGEMENT SERVICES CC 
    145. NEDTEX73 
    146. Nemalale Eagles Consultancy CC 
    147. Neopeo Trading & Projects 
    148. Nhlahle Development Agency 
    149. NTI College 
    150. Ntingantakandini Training Education and Development Company 
    151. Ntsu Trading 559 CC. 
    152. Omithombo Management Academy 
    153. Outeniqua Leadership Institute 
    154. Pachedu Skills Solutions 
    155. Pandelani Investment Holdings (PTY) LTD. 
    156. PAUL ALLEN DEVELOPMENT PTY LTD 
    157. Pebetse Training and Consulting 
    158. PFIM Trading (Pty) Ltd 
    159. Philani Solutions 
    160. Phoebelle (Pty) LTD 
    161. Pioneer Business Consulting 
    162. PM Skills House 
    163. PMA Holding Pty Ltd 
    164. PMA Holdings (PTY ) LTD. 
    165. Poly Maths Sci Pty Ltd 
    166. Power Rush Trading 170 CC. 
    167. Powergate Trading 1040 
    168. Powernexus 
    169. Princetop Corporative Training (Pty) Ltd 
    170. Progressive School of Business and Engineering (Pty) 
    171. PTDEV (Pty) Ltd 
    172. Qeto Business Consulting 
    173. Reflections Development Institute 
    174. Regent Business School (Pty) Ltd t/a Regent Business School 
    175. Resonance Institute of Learning 
    176. Retshetse Training Project 
    177. RME Projects 
    178. Sabela Trading and Projects CC. 
    179. Samukela Injabulo 
    180. Sebenzisanane Human Capital 
    181. Sebobatho Project Management 
    182. Senelo Trading CC 
    183. Shandu Technical Services 
    184. Shekinah Deep Excellence (PTY) LTD 
    185. Shemeshe TM 
    186. Silalele Consulting CC. 
    187. Sisezwa Business Enterprise 
    188. Sisodwa Investment Enterprise 
    189. Siyakhula Trust ETD Institute Pty Ltd 
    190. Siza Nesu Training and Consultants 
    191. Social Capital Group 
    192. Soni Investment 
    193. South African Institute of Learning (SAIL) 
    194. South African ABET Development Agency SAADA 
    195. South African Governance and Business College 
    196. SWARANANG DEVELOPMENT AGENCY 
    197. SWARANANG MANAGEMENT CONSULTING CC 
    198. Tachfin Holdings 
    199. Talent Centre Training 
    200. Tasc Business Consulting and Training 
    201. Tau and Tau Training Enterprises Pty Ltd 
    202. Tavo Investment 
    203. TCNS Resources (PTY) Ltd 
    204. TEE ZET Group 
    205. Tembe Service Providers 
    206. TGH Traders 
    207. The Chosen Consulting Services 
    208. Thebu Financial & Management Services 
    209. Thekwini College 
    210. Thepa Trading 511 
    211. Thinking Mind Trading 
    212. Thubelihle Graduate Institute 
    213. Thuto Botshabelo Training and Projects Pty Ltd 
    214. Tlaletso Consultants 
    215. Tlotlangthuto Training & Consulting 
    216. Tloumogale Business Development & Consulting 
    217. TMG Quality Services 
    218. Trade Avail 172 CC. 
    219. Tradesman Consulting and Training Solutions 
    220. Training at Work (Pty) Ltd 
    221. Transafric Consulting Pty Ltd 
    222. Tru-ThoughtsTrading and Projects 
    223. Tsebong Training Centre 
    224. Tshamutengo General Dealers CC. 
    225. Tshelopele Development Institution 
    226. Tswelopele Rural Development Network 
    227. Tummo Development Enterprise 
    228. Twin Peak Technologies 
    229. TWS Business Development Solutions 
    230. Tytons (Pty) LTD 
    231. Ulwazi Training Development 
    232. Umlando Projects Pty LTD 
    233. Umqondo Consultancy 
    234. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    235. University of Venda 
    236. Vantage Training 
    237. Vicresco Pty Ltd 
    238. Victorompie Enterprises CC. 
    239. Vumilia Africa Group 
    240. Vuyelwa SL Trading and Projects (Pty) LTD 
    241. Wag Consulting 
    242. West Coast TVET College 
    243. World Pace Development and Training Institute 
    244. Ya Hina Management Consulting and projects 
    245. Zerben Management Solutions 
    246. ZMG CONSULTING 
    247. ZwelixolileTrading Enterprise 


    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.