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BA1 Fundamentals Of Business Economics
Overview
What is the BA1 Fundamentals of Business Economics?
The BA1 Fundamentals of Business Economics is one of four modules in CIMA’s world-renowned Certificate in Business Accounting. It focuses on providing you with an understand of the areas of economic activity relevant to an organisation’s decisions, and the numerical techniques to support such decisions.
The course will teach you the economic and operating context of business and how the factors of competition, the behaviour of financial markets and government economic policy can influence an organisation.
Course accreditation
Who is it for
Is the BA1 Fundamentals of Business Economics right for me?
This online module of the Certificate in Business Accounting is ideal for you if you’re a finance professional who deals with the economics of an organisation. You can improve upon the knowledge and progress your career using CIMA as a platform.
The BA1 Fundamentals of Business Economics is the ideal starting point if you want to attack the CIMA syllabus in manageable chunks, while learning the essential elements of accounting and business.
Careers
How can I advance my career with the BA1 Fundamentals of Business Economics course?
Once you have achieved the CIMA Certificate in Business Accounting, you can move on to the CIMA Professional Chartered Management Accounting Qualification. When you have successfully passed both you will become a powerhouse in the finance industry as a Management Accountant, with skills in finance, management and strategy.
Why study with us
Why study the BA1 Fundamentals of Business Economics with e-Careers?
- Online CIMA tuition, training manuals and an exam practice kit come as standard upon registration on the course
- Printable reference guides and exercises to help you revise and retain as much information as possible
- 24 months access to the course content so you can complete it in your own time
- Learn the fundamental economic and operating factors of an organisation
Course Details
What are the BA1 Fundamentals of Business Economics online course modules?
- Introduction to Economics
- The Price Mechanism
- Elasticity of Demand and Supply
- Market Failures and Price Regulation
- Costs and Growth of the Firm
- Market Structures
- National Income
- Money and Banking
- Inflation and Unemployment
- Government Policies to Influence an Economy
- The International Environment
- Summarising and Analysing Data
- Forecasting
- Financial Markets and Techniques
What does the BA1 Fundamentals of Business Economics online course cover?
The BA1 Fundamentals of Business Economics course covers:
- Explain the macroeconomic phenomena, including price inflation, the equilibrium and growth in national income, unemployment and trade deficits/surpluses.
- Understand the various stages of the trade cycle and the impact that it has on the economy and individual organisations.
- Gain insight into the principles of public finance, including the various aspects of taxation and financial deficit.
- Learn about the snippets of the national policy which are relevant to trade.
- Explore the concept of globalisation and the consequences that it can have on businesses and organisations. Apply this knowledge to your work with prospective employers.
- Understand the differences in goals set by profit-seeking organisations, NPOs and governmental organisations.
- Learn how shareholder wealth and stakeholders can impact on the goals of a business.
- Demonstrate and calculate the point of profit maximisation using total cost and total revenue data.
- Explore the concept of price elasticity of supply and demand and the effects that they can have on an organisation’s revenue.
- Learn how price regulation can impact goods and factor markets and the impact of competition on price, output and profitability.
- Explore the concepts of liquidity, the foreign exchange market, the role of financial intermediaries and how supranational organisations can help to stabilise the market and encourage economic growth.
e-Careers
e-Careers comprises of passionate and talented educationalists who support over half a million students all over the world.
The institution consists of around 200 experienced professionals, who all specialise in their own aspects of combining education with technology.
