Fundamentals of Business Economics Study Resource: CIMA Study Resources

By Commerce Central

CIMA Certificate in Business Accounting Study Resource for the CIMA CBA subject Fundamentals of Business Economics Study Resource.

 

This subject primarily covers the economic and operating context of business and how the factors of competition, the behavior of financial markets, and government economic policy can influence an organization. 

 

It also deals with the information available to assist management in evaluating and forecasting the behavior of consumers, markets and the economy in general. 

 

The focus of this syllabus is on providing candidates with an understanding of the areas of economic activity relevant to an organization's decisions and, within this context, the numerical techniques to support such decisions.

 

Syllabus structure

The syllabus comprises the following topics and weightings:

 

** A. Macroeconomic and Institutional Context of Business - 25%

B. Microeconomic and Organizational Context of Business - 30% 

C. Informational Context of Business - 20%

D. Financial Context of Business - 25%

 

** Only section of the syllabus covered by this study resource.

 

• Language: English
• Publisher: Commerce Central
• Release date: Apr 14, 2024
• ISBN: 9798224339754

Book preview

Index

Fundamentals of Business Economics Syllabus overview

Macroeconomic and Institutional Context of Business

Principal Factors that Affect National Income

Impact of Changing Economic Growth Rates

Impact of Changing Prices on Business

Causes of Changes to Equilibrium Level of National Income

1. Aggregate Demand (AD) and Aggregate Supply (AS) Analysis:

Elements in the Circular Flow of Income

Connecting Aggregate Demand and Supply with the Circular Flow

Stages of The Trade Cycle

The Trade Cycle

Stages of the Trade Cycle Further Explanation

The Main Principles of Public Finance

Deficit Financing

Forms of Taxation

Macroeconomic Policy

Role of Government in Macroeconomic Stability

The Role of Government in Maintaining Financial Stability Further Explained

Impacts on Business of Potential Policy Responses

Expansionary Phase

Peak Phase

Contractionary Phase

Price Inflation Index Calculation

National Income Growth Index Calculation

Application: Deflating a Series

Lesson Summary

Fundamentals of Business Economics Syllabus overview

This subject primarily covers the economic and operating context of business and how the factors of competition, the behavior