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.

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.

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."

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