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: 

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 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

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  Reregistered  2023-06-30  LG SETA 
    Elective  67509   Further Education and Training Certificate: Community Development  Level 4  NQF Level 04  Reregistered  2021-06-30  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  Reregistered  2023-06-30  CETA 
    Elective  57428   Further Education and Training Certificate: Youth Development  Level 4  NQF Level 04  Reregistered  2023-06-30  ETDP SETA 
    Elective  23095   Higher Education and Training Certificate: Development Practice  Level 5  NQF Level 05  Reregistered  2023-06-30  ETDP SETA 
    Elective  65649   National Certificate: Official Statistics  Level 5  Level TBA: Pre-2009 was L5  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. A4 Consultancy CC 
    2. Access Employment Skills & Development Agency 
    3. Africa Corporate Training Institute and HR Consulting 
    4. Africa Institute For Public Administration 
    5. All Access Holdings 
    6. Amabamba Recruitment 
    7. Amaqamu Project Management and Consulting 
    8. AVAX SA 481 CC. T/A Mandisa Development Services 
    9. AVC Corporate Advisory Services (PTY) LTD. 
    10. Bafedile M (PTY) LTD 
    11. Bangwaketse Trading and Projects 
    12. Bantubanye Skills 
    13. Bavelile Consultants and Training 
    14. Black Thari Trading Enterprise 
    15. Boikgantsho Consulting & Events 
    16. Boikgantsho Consulting & Events cc 
    17. Boni Africa Events & Development 
    18. Bopaditshaba Community Project 
    19. Breakeven 59(PTY) Ltd 
    20. Bull's Business and Skills Training Institute 
    21. Commisioned Training cc 
    22. Continuing Education Programme 
    23. Cradle Stars Trading Enterprise 
    24. D M Management and Consulting 
    25. Dabulamanzi & Njabulo Ndaba Consulting cc 
    26. Development Bank of Southern Africa (DBSA) 
    27. DialNx Consultants 
    28. Dintshang Trading 
    29. Ditirelo Skills Development Services 
    30. Ditlou Solutions 
    31. Eastern Rose Enterprise 
    32. EDUTEL SKILLS DEVELOPMENT PTY LTD 
    33. Edutraining Business College 
    34. Elective Training Institute Enterprise CC 
    35. Express Model 405 
    36. Future-Teacher (Pty) Ltd 
    37. Gauteng Association Of Local Authorities 
    38. Glere Skills and Consultants 
    39. Gotsec Skills Training 
    40. Green Horizon Consulting (Pty) Ltd 
    41. Gudlhuza Development Solutions cc 
    42. Haggai Contractors 
    43. Hercuscope 
    44. Hlombe and Associates 
    45. IGKM Management Services (Pty) Ltd 
    46. INKWENKWEZI PRIVATE COLLEGE - SKILLS DEVELOPMENT cc 
    47. IQ Skills Academy (PTY) LTD. 
    48. Isamon Integrated 
    49. Isamon Vocational College of Excellence Pty Ltd 
    50. Isibani Skills Academy 
    51. Isibani Soluntu Development Trust 
    52. ITO Focus Reagile 
    53. Iziko Capacity Building CC. 
    54. Jobafrik Consulting 
    55. Johsie Enertprise 
    56. Josmap Training Institute 
    57. Jucamo Shelf 4 CC. 
    58. Kalideen Management 
    59. KALIDEEN MANAGEMENT SERVICES 
    60. Kenako Investments 
    61. Kernel Management and Consulting (PTY) LTD. 
    62. Keydimensions Risk Solutions 
    63. Kgolo Institute 
    64. Kgotla Trading Enterprise 
    65. Khosithi Training 
    66. Kia Chuma 
    67. Kitso Bokamoso Training Solution 
    68. KITSO TRAINING AND DEVELOPMENT 
    69. KWAZULU NATAL EXPERIMENTAL COLLEGE 
    70. LBK Trading 
    71. Leratham Supply Distribution and Enterprise 
    72. Leronsa Trading Enterprise 
    73. LESEDI EDUCARE ASSOCIATION 
    74. Letlhokoa Management Services CC 
    75. Lewerb Holdings (PTY) Ltd 
    76. M.I.C. Training and Development 
    77. Mahayi HRD Services cc 
    78. Maikarabelo Business Enterprise 
    79. Makhophila Business Enterprise 
    80. Management College of Southern Africa (MANCOSA) 
    81. Mapheto Business Enterprises t/a MBE 
    82. Maqhawe College 
    83. Marematlou Training Institute 
    84. Masemase Consultancy CC. 
    85. Mass Computer Training And Printers 
    86. Mathye and Ditlou Dynasty Corporate 
    87. Matiisetso Training and Consulting 
    88. Mbokazi & Mkhize 
    89. MENTORNET (PTY) LTD 
    90. Mgwezane Training and Events Management CC. 
    91. Miczo's Enterprise 
    92. Misol Projects cc 
    93. MJ Mafunisa Consulting (PTY) LTD 
    94. Mmanape Management Solutions 
    95. Mod-Mosh Projects and Consulting (PTY) LTD 
    96. Mohlaje Solutions (Pty) Ltd 
    97. Mortarboard Training Solutions 
    98. Mosako Wa Kitso 
    99. Ndoma Mathodi Trading Enterprise 
    100. Ndrendre Building & General Services 
    101. Nemalale Eagles Consultancy CC 
    102. Neopeo Trading & Projects 
    103. Networx for Career Development 
    104. Nhlahle Development Agency 
    105. NJ & L Trading Enterprise CC. 
    106. Nomagwanishe Investments cc 
    107. NS Global Academy 
    108. Ntevho-Ketso Training and Recruitement Consultancy cc 
    109. NTI College 
    110. Ntingantakandini Training, Education and Development Company 
    111. Ntsangalala Business Enterprise 
    112. Omithombo Management Academy 
    113. Outeniqua Leadership Institute 
    114. Pebetse Training and Consulting 
    115. Pioneer Business Consulting 
    116. PM Skills House 
    117. PMA Holding (Pty) Ltd 
    118. Power Rush Trading 170 CC. 
    119. Powergate Trading 1040 
    120. Powernexus 
    121. Professional Development and Training Institute (Pty) Ltd 
    122. Pulakgadi Training Consulting CC 
    123. Reflections Development Institute 
    124. Regent Business School (Pty) Ltd t/a Regent Business School 
    125. Resonance Institue of Learning 
    126. Retshetse Training Project 
    127. RME Projects 
    128. Sebobatho Project Management 
    129. Senelo Trading CC 
    130. Sigodi Development Services and Associates (SDS) cc 
    131. Solstice Networks CC. 
    132. South African Governance and Business College 
    133. Southern African Youth Movement 
    134. Spotru Training Centre 
    135. SPS Consulting (Pty) Ltd 
    136. SWARANANG DEVELOPMENT AGENCY 
    137. SWARANANG MANAGEMENT CONSULTING CC 
    138. T Mabuya & Associates CC 
    139. Talent Centre Training 
    140. Talent Emporium Academy (PTY) Ltd 
    141. Tavo Investment 
    142. Tembe Service Providers 
    143. Thabelanang t/a Thabelanang Trading Enterprise 
    144. The Fundamentals Training Centre 
    145. THE GMC GROUP PTY LTD 
    146. Thekwini College 
    147. Thembekile training consulting 
    148. Thubelihle Graduate Institute 
    149. Thuto Botshabelo Training Academy 
    150. Thuto Ya Setshaba Training Services (Pty) Ltd 
    151. Thuto-Boswa Education and Training Solution 
    152. Thuto-Botshabelo Training and Projects (Pty) Ltd 
    153. Tinissa Trading 29 PTY Ltd 
    154. Tlaletso Consultants 
    155. TMG Quality Services 
    156. Tradesman Consulting and Training Solutions 
    157. Tsebong Training Centre 
    158. Tshamutengo General Dealers CC. 
    159. Tshelopele Development Institution 
    160. Tshwane Training Institute (PTY) LTD. 
    161. TSK Projects 
    162. TTTC 
    163. Tummo Development Enterprise 
    164. Twin Peak Technologies 
    165. Ulwazi Training & Development 
    166. Umfolozi FET College 
    167. Umqondo Consultancy 
    168. Umsenge SDCS 
    169. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    170. University of Venda 
    171. Vantage Training 
    172. Vicmat Consultants 
    173. Vuselela FET College - Central Office 
    174. Vuselela FET College - Klerksdorp Campus 
    175. West Coast Public FET College - Central Office 
    176. Wildfire Development Training Agency 
    177. World Pace Development and Training Institute 
    178. Ya Hina Management Consulting and projects 
    179. ZMG CONSULTING 



    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.