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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Explain trade in a global economy 
SAQA US ID UNIT STANDARD TITLE
119899  Explain trade in a global economy 
ORIGINATOR
SGB Geography 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 07 - Human and Social Studies General Social Science 
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 learners who are required to apply geographical knowledge and skill in an authentic situation. It will enable learners to understand trade theory and the impact of globalisation. It should enable people in business and industry to interpret expert reports and make informed decisions. It will be useful for learners in Trade Unions, and management, entrepreneurs, community workers, learners in the Department of Trade and Industry, Foreign Affairs and Local Government and NGOs who are seeking a market for locally made goods. It may be useful for learners in logistics and procurement, marketing, insurance and the transport sector.

The qualifying learner is capable of:
  • Applying knowledge of trade theory to explain how and why people trade.
  • Explaining how trade is regulated.
  • Explaining the role of transport and communication in trade.
  • Applying knowledge of trade to selected regions. 

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

    UNIT STANDARD RANGE 
    A region could be geographical, provincial or national and refers to an area defined by a selected industry or sector. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Apply knowledge of trade theory to explain how and why people trade. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concepts of economics agglomeration and comparative advantage are explained with examples. 

    ASSESSMENT CRITERION 2 
    The concept of fair trade is explained with reference to exploitation of resources and labour. 

    ASSESSMENT CRITERION 3 
    The theory of supply and demand is explained with reference to change. 
    ASSESSMENT CRITERION RANGE 
    Theory includes, but is not limited to: surplus, deficit, supply and demand curves and fluctuating markets.
     

    ASSESSMENT CRITERION 4 
    The importance of trade is explained with reference to how fluctuations in currency and the markets impact on the development of a country. 

    ASSESSMENT CRITERION 5 
    The affect of globalisation on trade is explained with reference to southern Africa, Africa and the World. 

    ASSESSMENT CRITERION 6 
    The major manufacturing regions of southern Africa, Africa and the World are analysed in terms of inputs, outputs and how products flow from each economic region. 

    SPECIFIC OUTCOME 2 
    Explain how trade is regulated. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Legislation and national structures that regulate trade within a sector are identified with examples. 

    ASSESSMENT CRITERION 2 
    The advantages and disadvantages of regional co-operation for trade are analysed with reference to selected regions. 

    ASSESSMENT CRITERION 3 
    International structures that regulate global trade are identified for a selected sector. 
    ASSESSMENT CRITERION RANGE 
    International structures, include, but are not limited to: protocols, multi-laterals, bi-laterals, trade blocks, conventions and accords.
     

    ASSESSMENT CRITERION 4 
    The role of international standards in regulating trade is explained with examples. 

    SPECIFIC OUTCOME 3 
    Explain the role of transport and communication in trade. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The importance of transport systems in the movement of goods and people is explained with reference to the consequences if transport is unreliable. 

    ASSESSMENT CRITERION 2 
    The role of communication in trade is explained with reference to how lack of access to communication impacts on development. 

    SPECIFIC OUTCOME 4 
    Apply knowledge of trade to selected regions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Theoretical knowledge of economics of agglomeration, comparative advantage, fair trade, supply and demand and globalisation is applied to analyse trade in a selected region. 

    ASSESSMENT CRITERION 2 
    Physical, environmental, social and political barriers to trade are identified in a selected region. 

    ASSESSMENT CRITERION 3 
    Issues of sustainability are discussed with reference to a selected region. 

    ASSESSMENT CRITERION 4 
    Current trade data are analysed to determine the flow of goods between regions and the challenges for a selected region. 

    ASSESSMENT CRITERION 5 
    Challenges related to legislation, regulation of trade and international standards are analysed for a selected region and an indication is given of the consequences of non-compliance. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Assessors for this unit standard must be registered as an assessor with the appropriate ETQA or with an ETQA that has a Memorandum of Understanding with the appropriate ETQA.
  • Any institution offering learning that will enable achievement of this unit standard must be accredited as a provider through the appropriate ETQA or with an ETQA that has a Memorandum of Understanding with the appropriate ETQA.
  • Moderation of assessment will be overseen by the appropriate ETQA according to the moderation guidelines and the agreed ETQA procedures.
  • Moderators must be registered as assessors with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA. 

  • 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 COLLECTING 
    The learner is able to collect, organise and critically evaluate information in analysing trade data. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively in explaining different aspects of the Unit Standard. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems by explaining the role of transport and communications and international standards in world trade. 

    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 
    Search words:
  • Trade; globalisation; global economy; regulation of trade; fair trade; supply and demand. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  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. Alcari Learning Centre (Pty) Ltd 
    2. CKP Development Agency (Pty) Ltd. 
    3. De Vries Management & Training Services cc 
    4. EJW Financial Services (Pty) Ltd 
    5. Faisit (Pty) Ltd 
    6. Intelligo Solutions Pty (Ltd) 
    7. Invuya Institute of Learning (Pty) Ltd 
    8. License to Skill cc 
    9. Masifunde Training Centre (Pty) Ltd 
    10. Octomate (Pty) Ltd 
    11. Outsurance Insurance Company Ltd 
    12. Ripple Effect 4 (Pty) Ltd 
    13. RJM Educational Consulting (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.