Training and Motivational Experts

Apply Analysis to Economic and Financial Information

This training course identify and solve problems using critical and creative thinking processes to interpret economic and financial problems utilising mathematical theories and analysis.

SAQA US ID: 252036 Credits: 6

Notional Hours: 60

Purpose Of The Unit Standard

This Unit Standard is intended for managers in all economic sectors. These managers would typically be second level managers such as heads of department, section heads or divisional heads, who may have more than one team reporting to them.

The qualifying learner is capable of:

  • Using mathematical techniques to collect and organise data.
  • Applying mathematical analysis to calculate and represent financial and economic data.
  • Applying mathematical analysis to indicate economic relationships.

 


Learning Assumed To Be In Place And Recognition Of Prior Learning

It is assumed that learners are competent in:

  • Communication at NQF Level 4.
  • Mathematical Literacy at NQF Level 4.
  • Computer Literacy at NQF Level 4.

Unit Standard Range

  • The learner is required to apply the learning in respect of his/her own area of responsibility.
  • Unit refers to the division, department or business unit in which the learner is responsible for managing and leading staff.
  • Entity includes, but is not limited to, a company, business unit, public institution, small business, Non-Profit Organisation or Non-Governmental Organisation.

Training Outline

Specific Outcomes and Assessment Criteria:

Specific Outcome 1

Use mathematical techniques to collect and organise data.

Assessment Criteria

Assessment Criterion 1

Appropriate methods are selected for collecting, recording and organising financial and/economic data.

Assessment Criterion 2

Financial and demographic relevant to the unit are collected.

Assessment Criterion 3

Financial and demographic relevant to the unit are recorded in a usable format.

 

Specific Outcome 2

Apply mathematical techniques to calculate and represent financial and economic data.

Assessment Criteria

Assessment Criterion 1

Averages and standard deviations are calculated using the data collected.

Assessment Criterion 2

The lines of best fit are calculated using the data collected.

Assessment Criterion 3

Calculations relating to the time value of money are performed for different transactions.

Assessment Criterion 4

Data collected and calculations are represented in a graphical format.

Assessment Criterion Range

Graphical formats could include histograms, pie charts, bar charts, line graphs and stack bar charts.

 

Specific Outcome 3

Apply mathematical analysis to indicate economic relationships.

Assessment Criteria

Assessment Criterion 1

Economic relationships are indicated through graphical representation techniques.

Assessment Criterion 2

Graphical representations and numerical summaries are consistent with the data, are clear and appropriate to the situation.

Assessment Criterion 3

Projections are made on the basis of mathematical analysis.

 

Unit Standard Accreditation And Moderation Options

  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or 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 and the agreed ETQA procedures.

Unit Standard Essential Embedded Knowledge

  • Methods for collecting, organising and analysing financial and economic data.
  • Techniques for calculating averages, standard deviations and line of best fit.
  • Time value of money.
  • Graphical representation of data and analyses, e.g. histograms, pie charts, bar charts, line graphs and stack charts.

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

Identify and solve problems using critical and creative thinking processes to interpret economic and financial problems utilising mathematical theories and analysis.

UNIT STANDARD CCFO WORKING

Work effectively with others as a member of a team, group, organisation or community to gather mathematical data.

UNIT STANDARD CCFO ORGANISING

Organise and manage oneself and one's activities responsibly and effectively in order to conduct mathematical analysis within job context.

UNIT STANDARD CCFO COLLECTING

Collect, analyse, organise and critically evaluate information in order to establish economic relationships.

UNIT STANDARD CCFO COMMUNICATING

Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to present mathematical analysis to illustrate theories, economic trends and different financial transactions.

UNIT STANDARD CCFO SCIENCE

Use science and technology effectively and critically, showing responsibility to the environment and health of others in obtaining mathematical information.

UNIT STANDARD CCFO DEMONSTRATING

Demonstrate an understanding of the world as a set of interrelated systems by recognising that mathematical problem-solving contexts do not exist in isolation to demonstrate how mathematical theories and principles are linked to financial transactions, economic relationships and finance and economic related problems.

UNIT STANDARD CCFO CONTRIBUTING

Participating as responsible citizens in the life of local, national and global communities by analysing mathematics and integrating the principles into all spheres of life.

 

Additional Info

  • Course Duration: 2 Days
  • Includes: Comprehensive manual | Framed certificate of attendance | Notepad | Pen
  • In-house Training: Contact Us
  • Public Courses: Book 4 or more delegates from the same company and receive 10% discount.
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010 110 0226/7 (Gauteng) or
062 693 6681  / 061 695 2316 (Western Cape)