SAQA 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.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Demonstrate and apply a knowledge and understanding of the basic economic concepts central to local economic development 
SAQA US ID UNIT STANDARD TITLE
110475  Demonstrate and apply a knowledge and understanding of the basic economic concepts central to local economic development 
ORIGINATOR
SGB Economics 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04  6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "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 people who are, or seek to be, active in the area of local economic development. It provides the learner with an understanding of basic economic concepts that inform local economic development activities.

People credited with this Unit Standard are able to:
  • Explain the interaction of supply and demand in the South African political economy.
  • Identify the role of the government in the South African economy.
  • Identify and explain the nature of development economics with specific reference to the South African context.
  • Illustrate the key economic concepts central to local economic development in the form of a presentation with examples from own work context. 
    		•

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

    UNIT STANDARD RANGE 
  • Micro-economics refers to smaller, more localised issues in economics concerning individual markets or industries.
  • Macro economics with specific reference to fiscal policy in government economics.
  • Monetary economics with specific reference to monetary policy.
  • Development economics issues include: the real meaning of development; sources of national and regional growth; who benefits from economic development and why; what is environmentally sustainable development; primary products vs. developing manufacturing (i.e. beneficiation); what is globalisation; improving the choices of development policies made by developing countries 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the interaction of supply and demand in the South African political economy. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The concept of consumer demand is explained with reference to the South African economy and population. 

    ASSESSMENT CRITERION 2 
    2. The concept of supply is explained with reference to a range of parties, both government and non-government, in the South African economy. 

    ASSESSMENT CRITERION 3 
    3. The concept of a market is explained in terms of the place where supply and demand meet. 

    SPECIFIC OUTCOME 2 
    Identify the role of the government in the South African economy. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The government`s role in raising and spending taxes is explained with reference to the South African economy. 

    ASSESSMENT CRITERION 2 
    2. The government`s role in setting fiscal and monetary policy is explained with reference to the South African economy. 

    ASSESSMENT CRITERION 3 
    3. The South African situation is contrasted with that of other political economies. 

    SPECIFIC OUTCOME 3 
    Identify and explain the nature of development economics with specific reference to South Africa. 
    OUTCOME NOTES 
    Identify and explain the nature of development economics with specific reference to the South African context. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Development economics is defined as a separate field within the economics discipline. 

    ASSESSMENT CRITERION 2 
    2. Development economics is compared with traditional economics and the political economy. 

    ASSESSMENT CRITERION 3 
    3. A range of issues in development economics is discussed with reference to the local economic development environment in South Africa. 

    SPECIFIC OUTCOME 4 
    Illustrate key economic concepts central to local economic development in form of a presentation. 
    OUTCOME NOTES 
    Illustrate the key economic concepts central to local economic development in the form of a presentation with examples fromown work context. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. A range of key economic concepts are identified in the local economic developmentenvironment. 

    ASSESSMENT CRITERION 2 
    2. The key components identified are discussed and motivated in own work context. 

    ASSESSMENT CRITERION 3 
    3. A presentation of the key components is prepared and delivered in a format that isappropriate to the specified target audience. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard or will assess this Unit Standard must be accredited as a provider with the relevant ETQ, or with 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 in the relevant qualification and the agreed ETQA procedures or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Therefore, anyone wishing to be assessed against this Unit Standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Definition of economics and its sub-fields.
  • The basic issues in economics i.e. allocation process; production process; distribution process.
  • The role of graphs in economics and drawing and using information from graphs. 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization and community by, e.g.
  • Explaining the interaction of supply and demand in the South African political economy according to the assessment criteria listed in specific outcome "Explain the interaction of supply and demand in the South African political economy." 
    		•

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and critically evaluate information by, e.g.
  • Explaining the interaction of supply and demand in the South African political economy according to the assessment criteria listed in specific outcome "Explain the interaction of supply and demand in the South African political economy."
  • Identifying the role of the government in the South African economy according to the assessment criteria listed in specific outcome "Identify the role of the government in the South African economy."
  • Identifying and explaining the nature of development economics according to the assessment criteria listed in specific outcome "Identify and explain the nature of development economics with specific reference to the South African context." 
    		•

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognizing that problem solving contexts do not exist in isolation by e.g.
  • Explaining the interaction of supply and demand in the South African political economy according to the assessment criteria listed in specific outcome "Explain the interaction of supply and demand in the South African political economy."
  • Identifying the role of the government in the South African economy according to the assessment criteria listed in specific outcome "Identify the role of the government in the South African economy."
  • Identifying and explaining the nature of development economics according to the assessment criteria listed in specific outcome "Identify and explain the nature of development economics with specific reference to the South African context." 
    		•

    UNIT STANDARD CCFO CONTRIBUTING 
    Be culturally and aesthetically sensitive across a range of social contexts by, e.g.
  • Discussing a range of issues in development economics according to assessment criterion "A range of issues in development economics is discussed with reference to the local economic development environment in South Africa." 
    		•

    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. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  36436   National Certificate: Local Economic Development  Level 4  Level TBA: Pre-2009 was L4  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  67509   Further Education and Training Certificate: Community Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 
    Elective  23094   Further Education and Training Certificate: Development Practice  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2009-09-09  ETDP SETA 
    Elective  65989   Further Education and Training Certificate: Human Settlements Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  CETA 
    Elective  57428   Further Education and Training Certificate: Youth Development  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  ETDP SETA 
    Elective  23095   Higher Education and Training Certificate: Development Practice  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  ETDP SETA 
    Elective  65649   National Certificate: Official Statistics  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  PSETA 


    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. A4 Consultancy CC 
    2. Amabamba Recruitment 
    3. Amaqamu Project Management and Consulting 
    4. AVAX SA 481 CC. T/A Mandisa Development Services 
    5. Avenida (Pty) Ltd 
    6. B T Group of Companies Pty Ltd 
    7. Bavelile Consultants and Training 
    8. Breakeven 59(PTY) Ltd 
    9. Brilliant Affairs 
    10. Bull's Business and Skills Training Institute 
    11. Central Institute of Professional Studies and Services 
    12. D M Management and Consulting 
    13. Dabulamanzi & Njabulo Ndaba Consulting cc 
    14. Dee s Training PTY LTD 
    15. Dintshang Trading 
    16. Dru-A Professional Training Consultancy 
    17. Edu-Prof Training Centre 
    18. EDUTEL SKILLS DEVELOPMENT PTY LTD 
    19. Edutraining Business College 
    20. Future-Teacher (Pty) Ltd 
    21. Giamanje TVET College 
    22. Glentech Innovative Design Concepts 
    23. Gotsec Skills Training 
    24. Heirs Training and Development 
    25. INKWENKWEZI PRIVATE COLLEGE - SKILLS DEVELOPMENT cc 
    26. IQ Skills Academy (PTY) LTD. 
    27. Isamon Vocational College of Excellence Pty Ltd 
    28. Isibani Skills Academy 
    29. Isibani Soluntu Development Trust 
    30. Jabukile Consultancy 
    31. Jobafrik Consulting 
    32. Josmap Training Institute 
    33. Kenako Investments 
    34. Kitso Bokamoso Training Solution 
    35. KITSO TRAINING AND DEVELOPMENT 
    36. Leronsa Trading Enterprise 
    37. LESEDI EDUCARE ASSOCIATION 
    38. Lewerb Holdings (PTY) Ltd 
    39. Life Long ABET Consulting 
    40. Madingoane and Family Construction 
    41. Makhuba Development Projects CC 
    42. Makoti Skills Development Solutions 
    43. Mamuhle Academy 
    44. MANCOSA Pty (Ltd) 
    45. Marematlou Training Institute 
    46. MENTORNET (PTY) LTD 
    47. Mortarboard Training Solutions 
    48. Ndoma Mathodi Trading Enterprise 
    49. Nemalale Eagles Consultancy CC 
    50. Neopeo Trading & Projects 
    51. Networx for Career Development 
    52. Ntevho-Ketso Training and Recruitement Consultancy cc 
    53. NTI College 
    54. Ntsangalala Business Enterprise 
    55. Pachedu Skills Solutions 
    56. Pebetse Training and Consulting 
    57. PFIM Trading (Pty) Ltd 
    58. PMA Holding (Pty) Ltd 
    59. PMA Holdings (PTY ) LTD. 
    60. Professional Development and Training Institute (Pty) Ltd 
    61. Progressive School of Business and Engineering (Pty) 
    62. PTDEV (Pty) Ltd 
    63. Reflections Development Institute 
    64. Regent Business School (Pty) Ltd t/a Regent Business School 
    65. Resonance Institue of Learning 
    66. Resonance Institute of Learning 
    67. Retshetse Training Project 
    68. Sebenzisanane Human Capital 
    69. Sigodi Development Services and Associates (SDS) cc 
    70. Silalele Consulting CC. 
    71. Siza Nesu Training and Consultants 
    72. South African Corporate Training Association 
    73. Southern African Youth Movement 
    74. Spotru Training Centre 
    75. SPS Consulting (Pty) Ltd 
    76. T Mabuya & Associates CC 
    77. Tachfin Holdings 
    78. Tasc Business Consulting and Training 
    79. Tau and Tau Training Enterprises Pty Ltd 
    80. Tembe Service Providers 
    81. Thabelanang t/a Thabelanang Trading Enterprise 
    82. The Fundamentals Training Centre 
    83. THE GMC GROUP PTY LTD 
    84. Thembekile training consulting 
    85. Thinking Mind Trading 
    86. Thuto-Botshabelo Training and Projects (Pty) Ltd 
    87. TMG Quality Services 
    88. Transafric Consulting Pty Ltd 
    89. Tshwane Training Institute (PTY) LTD. 
    90. Ulwazi Training & Development 
    91. Umqondo Consultancy 
    92. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    93. University of Venda 
    94. Vicresco (Pty) Ltd 
    95. Victorompie Enterprises CC. 
    96. WEINVEST INVESTMENT CC 
    97. WEST COAST COLLEGE FET 
    98. Wildfire Development Training Agency 


    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.