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BA1 – Fundamentals of Business Economics
4 sections available · 32 chapters available
Free BA1 – Fundamentals of Business Economics study notes for CIMA (CGMA Professional Qualification) students. Each chapter breaks down a key concept with examples and practice prompts you can turn into AI drills in the thinka app.
A. Macroeconomic and institutional context of business
National income, economic growth and inflation
The trade cycle and government policy responses
Public finance and taxation
Price indices and deflating a series
The balance of payments and trade policy
Exchange rate policies and business
Globalisation and economic development
Institutions promoting global trade
The PESTEL framework
B. Microeconomic and organisational context of business
Economic goals of organisations and stakeholders
Shareholder wealth and its determinants
The principal-agent problem
Market equilibrium: demand and supply
Price elasticity of demand and supply
Elasticity and total revenue
Costs, economies of scale and organisational structure
Market failure and government intervention
C. Informational context of business
Data, information and the qualities of good information
Graphs, charts and diagrams
Big data and analytics in business
Correlation and relationships between variables
Time series analysis and seasonality
Trends, moving averages and regression
Forecasting and its limitations
D. The financial context of business
Financial markets, assets and institutions
Commercial banks, central banks and credit creation
The foreign exchange market
Simple and compound interest (future values)
Present value, annuities and perpetuities (NPV and IRR)
Impact of interest rate changes on business
Impact of exchange rate changes on business
Hedging and derivative contracts
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