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
2026-06-30		2029-06-30

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.

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.

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."

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.	INKWENKWEZI PRIVATE COLLEGE - SKILLS DEVELOPMENT cc
25.	IQ Skills Academy (PTY) LTD.
26.	Isamon Vocational College of Excellence Pty Ltd
27.	Isibani Skills Academy
28.	Isibani Soluntu Development Trust
29.	Jabukile Consultancy
30.	Jobafrik Consulting
31.	Josmap Training Institute
32.	Kenako Investments
33.	Kitso Bokamoso Training Solution
34.	KITSO TRAINING AND DEVELOPMENT
35.	Leronsa Trading Enterprise
36.	LESEDI EDUCARE ASSOCIATION
37.	Lewerb Holdings (PTY) Ltd
38.	Life Long ABET Consulting
39.	Madingoane and Family Construction
40.	Makhuba Development Projects CC
41.	Makoti Skills Development Solutions
42.	Mamuhle Academy
43.	MANCOSA Pty (Ltd)
44.	Marematlou Training Institute
45.	MENTORNET (PTY) LTD
46.	Mortarboard Training Solutions
47.	Ndoma Mathodi Trading Enterprise
48.	Nemalale Eagles Consultancy CC
49.	Neopeo Trading & Projects
50.	Networx for Career Development
51.	Ntevho-Ketso Training and Recruitement Consultancy cc
52.	NTI College
53.	Ntsangalala Business Enterprise
54.	Pachedu Skills Solutions
55.	Pebetse Training and Consulting
56.	PFIM Trading (Pty) Ltd
57.	PMA Holding (Pty) Ltd
58.	PMA Holdings (PTY ) LTD.
59.	Professional Development and Training Institute (Pty) Ltd
60.	Progressive School of Business and Engineering (Pty)
61.	PTDEV (Pty) Ltd
62.	Reflections Development Institute
63.	Regent Business School (Pty) Ltd t/a Regent Business School
64.	Resonance Institue of Learning
65.	Resonance Institute of Learning
66.	Retshetse Training Project
67.	Sebenzisanane Human Capital
68.	Sigodi Development Services and Associates (SDS) cc
69.	Silalele Consulting CC.
70.	Siza Nesu Training and Consultants
71.	South African Corporate Training Association
72.	Southern African Youth Movement
73.	Spotru Training Centre
74.	SPS Consulting (Pty) Ltd
75.	T Mabuya & Associates CC
76.	Tachfin Holdings
77.	Tasc Business Consulting and Training
78.	Tau and Tau Training Enterprises Pty Ltd
79.	Tembe Service Providers
80.	Thabelanang t/a Thabelanang Trading Enterprise
81.	The Fundamentals Training Centre
82.	THE GMC GROUP PTY LTD
83.	Thembekile training consulting
84.	Thinking Mind Trading
85.	Thuto-Botshabelo Training and Projects (Pty) Ltd
86.	TMG Quality Services
87.	Transafric Consulting Pty Ltd
88.	Tshwane Training Institute (PTY) LTD.
89.	Ulwazi Training & Development
90.	Umqondo Consultancy
91.	UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD
92.	University of Venda
93.	Vicresco (Pty) Ltd
94.	WEST COAST COLLEGE FET
95.	Wildfire Development Training Agency