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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Context of Business | 25% | - Time value of money and discounting - Simple and compound interest, annuities and perpetuities - Functions and structure of financial markets - Financial institutions and their roles - Interest rates and their impact on business |
| Topic 2: Microeconomic and Organisational Context of Business | 30% | - Price elasticity and revenue effects - Business objectives and stakeholder influences - Demand, supply and market equilibrium - Market failure and government intervention - Market structures and pricing behaviour |
| Topic 3: Macroeconomic and Institutional Context of Business | 25% | - Economic growth, business cycles and price levels - International trade and globalisation - Monetary and fiscal policy - Exchange rate systems and balance of payments - National income and economic activity |
| Topic 4: Informational Context of Business | 20% | - Probability and basic statistical techniques - Data types, sources and characteristics - Role of information technology and big data - Presentation and interpretation of business data - Index numbers and time series analysis |
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