Economic Issues An introduction
Learn about fundamental economic issues, with an emphasis on the business environment.
Why take this course?
This Unit is designed to provide candidates with the knowledge and skills for further study or employment in an administrative or IT environment. It is an optional Unit within HNC/HND Administration and Information Technology or HNC Accounting course, but is also included within other HN Group Awards and can be taken as a stand-alone Unit. It will introduce you to fundamental issues in economics with a particular emphasis on the business environment. For more information please visit the SQA website.
Credit points and level: 1 HN credits at SCQF level 7: (8 SCQF credit points at SCQF level 7)
What you will experience
You will learn about basic economic problems, and how the consumer and other economic agents can address these problems. You will also learn about the operation of markets and what can be done to help avoid market failure, as well as national income and its importance in government policy and the Keynesian model of the circular flow of income. The unit has three outcomes of learning, introducing you to:
- The allocation of resources within the economy
- National income and its importance
- The role of government policy in the UK market
In order to complete this unit successfully, you will be required to achieve a satisfactory level of performance in all three pieces of assessed work.
This course requires you to manage your workload independently, and will involve attendance at a campus or centre - often for assessment purposes only.
It would be beneficial for candidates to have competence in numeracy and communication. This may be demonstrated by possession of Core Skill Numeracy at SCQF Level 4 and/or the Core Skill Communication at SCQF level 5 (or equivalent).
What you will need
Students are responsible for securing unit resources listed.
What you need to know
This course involves an additional SQA fee. Please see our Courses Explained page for further information on costs.
Please note that fee waivers or ILA funding may apply.
For more information about job opportunities, salaries and employment rates in this industry, visit the Career Coach website.
This course requires some attendance at College, often for assessment purposes only. Please enquire about expectations for your specific course when booking.
Pre-entry guidance is required prior to booking a place on this course. Please contact Brenda Bryce, Distance Learning Co-ordinator by email or on 01346 506014 in the first instance for more information. When submitting your distance learning application form, please ensure you attach the additional information sheet listing qualifications and previous knowledge with your application. You may be required to attend College for assessment. Please check if this is a requirement for your course.
If you take up a place on a College course, at the start of the course you will be asked to sign an enrolment form. In signing the form and/or taking up a place on a College course, you will enter into a contract with the College and be bound by the North East Scotland College Standard Terms and Conditions of Study. Copies of the Terms and Conditions are available for inspection on notice boards and at various locations throughout the College, at the College Reception, on the College website: www.nescol.ac.uk, or can be obtained on request from the Student Funding and Admissions Manager, North East Scotland College, Aberdeen City Campus, Gallowgate, Aberdeen AB25 1BN. Please note that courses are offered subject to (a) there being sufficient numbers of enrolments and (b) the availability of resources. The College reserves its right (i) not to run courses where the number of students is considered insufficient or where resources are unavailable and (ii) in certain circumstances, to refuse admission to an individual applicant.