This subject primarily covers the economic and operating context of business and how the factors of competition, the behavior of financial markets, and government economic policy can influence an organization.

It also deals with the information available to assist management in evaluating and forecasting the behavior of consumers, markets and the economy in general.

The focus of this syllabus is on providing candidates with an understanding of the areas of economic activity relevant to an organization’s decisions and, within this context, the numerical techniques to support such decisions.