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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Interpret the impact of macro economic decisions or indicators on a business environment 
SAQA US ID UNIT STANDARD TITLE
230079  Interpret the impact of macro economic decisions or indicators on a business environment 
ORIGINATOR
SGB Insurance and Investment 
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 6  Level TBA: Pre-2009 was L6 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
14512  Interpret the impact of macro economic decisions or indicators on a business environment  Level 6  Level TBA: Pre-2009 was L6  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who are required to have a sound knowledge of the impact of the macro economic decisions on the areas of business affected by the macro environment. It will be useful for Product Developers, learners in marketing and compliance and Intermediaries.

The qualifying learner is capable of:
  • Discussing the impact of macro economic decisions on the economy and a business environment.
  • Discussing the impact of macro economic decisions on investment strategies in a business environment.
  • Using economic indicators to determine the current economic cycle and possible future directions.
  • Appling trends in the economic environment to a specific business entity. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication, Mathematical and Financial Literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Areas of business affected by changes in the macro environment include, but are not limited to, products, marketing, systems administration and the management of client relationships.
  • The macro environment includes, but is not limited to economics on a global scale including World Trade Organisations, International Monetary Fund, Regional Trade Agreements and Equities Markets. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Discuss the impact of macro economic decisions on the economy and a business environment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The interrelationship between monetary and fiscal policy is explained with reference to the role of the Reserve Bank and Government. 

    ASSESSMENT CRITERION 2 
    Imbalances that can occur in an economy are explained and an indication is given of how fiscal and monetary policy can be applied to restore balance. 

    SPECIFIC OUTCOME 2 
    Discuss the impact of macro economic decisions on investment strategies in a business environment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The impact of an increase or decrease in interest rates on client behaviour is explained and an indication is given of subsequent effects on business. 

    ASSESSMENT CRITERION 2 
    The impact of amendments to income tax structures on client behaviour is explained and an indication is given of subsequent effects on a business sector. 

    ASSESSMENT CRITERION 3 
    The effect of foreign exchange controls on investment decisions is explained and an indication is given of the subsequent effects on business. 

    ASSESSMENT CRITERION 4 
    The effects of subsidies and price fixing on international trade are compared for developed and less developed countries. 

    SPECIFIC OUTCOME 3 
    Use economic indicators to determine the current economic cycle and possible future directions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Key indicators are analysed in terms of current level and recent trends and are used to determine the current economic cycle. 

    ASSESSMENT CRITERION 2 
    A personal view is expressed and substantiated on the likely future movement of the economy. 

    SPECIFIC OUTCOME 4 
    Apply trends in the economic environment to a specific business entity. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Areas of a business that are affected by changes in the macro environment are identified and an indication is given of why and how the changes impact on that area. 

    ASSESSMENT CRITERION 2 
    The impact of changes in the macro environment on the business client relationship is analysed and an indication is given of how this change could be managed in a selected business. 

    ASSESSMENT CRITERION 3 
    The impact of changes in the macro environment on business risk is analysed with reference to pricing, guarantees, futures, options and the general financial state of the business. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical thinking have been made in applying trends in the economic environment to a specific business. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in using economic indicators to determine the current economic cycle and forecast future directions. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to see the world as a set of related systems in analysing the impact of changes in the macro environment on a business entity. 

    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. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 14512, 'Interpret the impact of macro economic decisions or indicators on a business environment', level 6, 5 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  57918   National Certificate: Short Term Insurance  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  INSETA 


    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. African Resources & Financial Training (Pty) Ltd 
    2. Invuya Institute of Learning (Pty) Ltd 
    3. Masifunde Training Centre (Pty) Ltd 
    4. Ripple Effect 4 (Pty) Ltd 



    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.