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Nrs-451 Community Teaching Project: AF402 Economics for Business Assignment

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AF402 Economics for Business (R/650/2371) Assignment Brief 2026

AF402 Assignment Brief

Qualification QUALIFI Level 4 Diploma in Accounting and Finance (610/0796/1)
Unit Code AF402
Unit Title Economics for Business
Unit Reference R/650/2371
Credits 20
TQT 200
GLH 120

Assignment Aim

The aim of this unit is for learners to understand the micro- and macro-economic factors that affect businesses and the international business environment.

Learning Outcomes and Assignment Criteria

Learning Outcomes

When awarded credit for this unit, a learner will:

Assessment Criteria

Assessment of this learning outcome will require a learner to demonstrate that they can:

1. Understand the ways in which macro-economic factors affect organisations. 1.1 Explain the key macro-economic factors.
1.2 Assess the significance of the macroeconomic environment to organisations.
1.3 Evaluate the impact on organisations of

changes in the macro-economic environment.

2. Understand the ways in which micro-economics factors affect organisations. 2.1 Explain the key micro-economic factors.
2.2 Assess the significance of the microeconomic environment to organisations.
2.3 Evaluate the impact on organisations of changes in the micro-economic environment.
3. Understand the ways in which macro- economics and microeconomics relate to the international business environment. 3.1 Explain the significance of the macroeconomic and  micro-economic environment in an international business context.
3.2 Evaluate the impact of changes in the macro-economic and micro-economic environment on international organisations.

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