CIMA C04 - Fundamentals of Business Economics
Paper C4 'Fundamentals of Business Economics' introduces the basic economic and financial concepts which management accountants need to know for their roles. It looks at the way individual organisations decide how to allocate resources (microeconomics) as well as looking at overall economic activity and economic policies (macroeconomics). Organisations and economies both need finance, and the syllabus reflects this by looking at the role of financial institutions and markets in providing finance.
The syllabus is split into four areas:
- The goals and decisions of organisations
- The market system and the competitive process
- The financial system
- The macroeconomic context of business
MCQ Cards (Certificate Only)
Price: £10.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751752441
The MCQ cards are an excellent aid to revision, which can be used on occasions that would otherwise represent idle time, such as the daily commute. They contain 100 objective test questions, with the distribution of questions reflecting the weighting of the syllabus. There are 20 questions on 'The goals and decisions of organisations'; 30 on 'The market system and the competitive process'; 20 on 'The financial system'; and 30 on 'The macroeconomic context of business'. The questions are structured to follow the Study Test chapters so candidates can either use them to test one area of the syllabus at a time, or else select questions at random.
Study Text
Price: £30.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751752823
The C4 Study Text assumes candidates have no prior knowledge of economics, and explains all areas of the syllabus fully. Key terms are identified throughout, and understanding key economic terms is vital for passing the C4 exam. The text also stresses the differences between economic costs and accounting costs, which candidates need to appreciate early in their studies. Diagrams are very important in economics, and the Text provides an extensive range of diagrams which help demonstrate the fundamental importance of the interaction of supply and demand throughout all aspects of the economics syllabus.
Practice & Revision Kit
Price: £16.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751751833
The C4 assessment candidates sit contains 75 objective test questions. BPP's Practice and Revision Kit contains over 600 objective test questions, with worked answers. The kit includes two full mock assessments. The questions in the Kit are designed to reflect the style of the real assessment, and cover the whole syllabus. The questions are split into chapters to match the Study Text, meaning that you can tailor your question practice to specific areas of the syllabus as you work through them in the Text.
Passcards
Price: £10.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751751994
The Passcards reflect the structure and content of the Study Text very closely, and are split into the chapters as the Text. They summarise key economic ideas, and use a range of visual cues to aid recollection of them. While candidates will not be required to draw any diagrams in their assessments, it is essential that they understand the diagrams which demonstrate fundamental economic principles. BPP's passcards provide you with a convenient summary of these diagrams, accompanied by key terms, definitions, and the advantages and disadvantages of different economic models which can easily be examined through objective test questions.
i-Learn
Price: £40.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751752540
The C4 interactive i- Learn takes a fresh look at topics covered in the text to reinforce understanding of key areas of the syllabus. The i-Learn is broken down into 6 modules, structured in a way that compliments the study text. The first three modules look at microeconomics: goals and decisions of organisations; the price mechanism (supply and demand); and market types, behaviours and regulation. The fourth module provides a review of the financial system. The final two modules cover macroeconomics: national income and economic policies; and international trade and globalisation. Short questions are included throughout the modules to test understanding and build confidence.
i-Pass
Price: £30.00
Suitable for: 2008 and 2009 Exams
ISBN: 9780751752687
As C4 is assessed entirely by computer based assessment (CBA), computer based preparation is particularly useful for candidates. BPP's -iPass disc for C4 includes questions for each major area of the syllabus, with worked answers for all questions. There are six sets of questions. The first three assess candidates' knowledge of microeconomics: goals and decisions of organisations; the price mechanism (supply and demand); and market types, behaviours and regulation. The fourth set tests understanding of aspects of the financial system. The final two sets of questions test candidates' grasp of macroeconomics: national income and economic policies; and international trade and globalisation.
