Ebio enterprise living map
Contribute to create work as venture opportunities and repeat the process (26 credits).
Demonstrate an understanding of market mechanics in relation to a new venture (4.04) - Core Unit Standard
Specific Outcome Assessment criteria Bridging the Gap Ebio Competency Programme: Information and Examples Organize and Review your competencies
Apply market mechanisms in relation to experience transactions in new work created and taken causing “new ventures growth capacity” continuously and dynamically.
Notes on Biz/ed relating to Economics
NetMBA Business Knowledge Centre: Marketing
MIT open courseware: Entrepreneurial marketing
MIT open courseware: Introduction to marketing
SO 1 Describe and discuss (i) the different economic systems and (ii) the different market structures (based on the level of competition) in the market economy.   Wikipedia on economic systems  
Market structure
AC 1.1 The major economic systems are described and discussed.      
AC 1.2 The different market structures in a market economy, based on the level of competition are identified and described.      
AC 1.3 The role of the price mechanism in a market economy is explained.      
AC 1.4 Advantages and disadvantages of a competitive market are explained.      
SO 2 Describe and illustrate the interaction of demand and supply in terms of price determination under conditions of competitive markets.   Walk and Talk (Chap. 10)  Profit and Economic Value Add (EVA)  
Demand and Supply
AC 2.1 The laws of demand and supply are defined .   Walk and Talk (Chap. 3) Maximizing Customer Value Contribution  
AC 2.2 The supply and demand schedules are derived      
AC 2.3 The interaction of the supply and demand in a market economy is explained.      
AC 2.4 Possible impacts of changes in demand & supply conditions on the price mechanism are analysed.      
SO 3 Discuss and identify the macroeconomic factors that impacts on economic activity.   Notes in Biz/ed relating to macroeconomics  
Economics - Macroeconomics
AC 3.1 The major macro-economic indicators are identified.      
AC 3.2 The impact of changes in these indicators on the business environment is analysed.      
AC 3.3 The characteristics of the South African business cycle are explained.      
AC 3.4 The current state of the business cycle is derived and the impact on the business environment is analysed.      
SO 4 Discuss and identify the possible impact of changes and new developments in the domestic and foreign markets on business activities.   European/Global External Influences  
AC 4.1 The major socio-economic indicators are identified.       
AC 4.2 The impact of changes in these indicators on the business environment is analysed.      
AC 4.3 The competitive characteristics of industries in the South African economy are explained.      
AC 4.4 The growth industries in the economy are identified and possible business opportunities are analysed.