If you are planning to take the CIMA CIMAPRA17-BA1-1 BA1 - Fundamentals of Business Economics exam, it is important to understand the exam objectives and topics covered to help you prepare and pass the exam. This exam is designed to test your understanding of basic economic concepts and their application in business scenarios. In this article, we will discuss the exam objectives, exam details, prerequisites, recommended books and resources to help you prepare and pass the CIMAPRA17-BA1-1 exam.
Exam Objectives:
The CIMA CIMAPRA17-BA1-1 BA1 - Fundamentals of Business Economics exam aims to test your knowledge and understanding of the following areas:
- Basic economic principles and concepts
- Supply and demand
- Market equilibrium
- Elasticity
- Costs of production
- Market structures
- Macroeconomic concepts
- International trade and exchange rates
The exam is designed to test your ability to apply these concepts to real-world business scenarios, and to interpret and analyze economic data and information.
Exam Details:
The CIMAPRA17-BA1-1 exam consists of 60 multiple-choice questions and is computer-based. The exam is 2 hours long and is delivered in English. The passing mark for the exam is 70%. The exam fee varies by region and is subject to change, but it typically ranges from $200-$250.
The exam is delivered through Pearson VUE test centers worldwide. You can register for the exam online on the CIMA website or through Pearson VUE. Once you have registered, you will receive a confirmation email with details on the date, time, and location of your exam.
Who should take the exam?
The CIMAPRA17-BA1-1 exam is recommended for individuals who are interested in pursuing a career in finance or accounting. This exam is also suitable for professionals who want to enhance their understanding of economic concepts and their application in business scenarios. The exam is typically taken by students, recent graduates, and professionals who are starting their career in finance or accounting.
Prerequisites and Qualifications:
There are no prerequisites or qualifications required to take the CIMAPRA17-BA1-1 exam. However, it is recommended that candidates have a basic understanding of accounting and finance concepts before taking the exam. Candidates who have completed the CIMA Certificate in Business Accounting are exempt from taking this exam.
Related Books:
There are several books and study materials available that can help you prepare for the CIMAPRA17-BA1-1 exam. Some of the recommended books are:
- CIMA BA1 Fundamentals of Business Economics Study Text by BPP Learning Media
- CIMA BA1 Fundamentals of Business Economics Exam Practice Kit by BPP Learning Media
- CIMA BA1 Fundamentals of Business Economics Revision Cards by Kaplan Publishing
- CIMA BA1 Fundamentals of Business Economics: Practice and Revision Kit by Kaplan Publishing
These books provide a comprehensive overview of the exam topics, practice questions, and case studies to help you prepare for the exam. Additionally, CIMA offers online study resources, including study guides, practice tests, and webinars to help candidates prepare for the exam.
In conclusion, passing the CIMAPRA17-BA1-1 exam requires a solid
understanding of basic economic concepts and their application in business scenarios. It is important to thoroughly review the exam objectives, and utilize recommended books and study materials to help prepare for the exam. Additionally, practicing with past exam papers and mock tests can help familiarize yourself with the exam format and improve your time management skills. Good luck with your exam preparation!