CIMA Fundamentals of Business Economics (BA1)

• Educational Background: No prior experience in economics or business is required. A basic understanding of mathematics and logical reasoning will help learners navigate the course effectively.
   
• Language Proficiency: Learners should have a good command of English, as all materials, assessments, and discussions are conducted in English.
   
• Interest in Economics and Business: This course is ideal for individuals eager to understand how economic principles influence business performance and decision-making, and for those pursuing further qualifications in finance or business management.

• Understand Economic Principles: Gain a comprehensive understanding of key economic concepts, including supply and demand, market structures, and economic policies.
   
• Analyse Market Dynamics: Develop the ability to assess market behaviours and their impact on business decisions.
   
• Evaluate Organisational Performance: Learn to interpret economic data to analyse and improve organisational efficiency and competitiveness.
   
• Apply Strategic Thinking: Enhance decision-making skills by applying economic principles to real-world business challenges.

The Fundamentals of Business Economics Course is ideal for individuals seeking to understand the role of economics in business decision-making. Below are the professionals who can benefit from this course:

• Aspiring Business Analysts
• Finance Assistants
• Junior Economists
• Market Researchers
• Business Development Officers
• Management Trainees
• Entrepreneurs
• Strategy Analysts

Module 1: Macroeconomic and Institutional Context of Business

• Principal Factors Affecting National Income

• Impact of Economic Growth and Price Changes

• Trade Influences and Global Business Impact

• Economic Development and Globalisation Effects

Module 2: Microeconomic and Organisational Context of Business

• Economic Goals of Stakeholders and Organisations

• Price Determination by Market Forces

• Impact of Price Changes on Revenue

• Economic and Social Influences on Organisational Structure

• Market Regulation

Module 3: Informational Context of Business

• Communicating Business Data to Stakeholders

• Uses of Big Data and Analytics

Module 4: Financial Context of Business

• Functions of Financial Markets and Institutions

• Financial Mathematical Techniques for Decision-Making

• Impact of Interest and Exchange Rate Changes on Performance