Bachelor of Commerce Honours in Economics

Associated Assessment Criteria for Exit Level Outcomes 1:

• Apply Optimisation techniques and algorithms to resolve economic problems.
• Apply Game theory analysis to economic situations where strategic actions determine outcomes.
• Point out differences between normative and positive economic principles and describe their impact on underlying economic theory.
• Analyse and critique different forms of economic consequentialism and the ethical dilemmas posed by such forms.
• Apply Industrial organisational models as tools to analyse competition policy and regulation.

Associated Assessment Criteria for Exit Level Outcomes 2:

• Compare and critique various schools of thought that make up contemporary macroeconomic theory.
• Analyse, discuss and debate local macroeconomic fiscal, monetary and stabilisation policies and challenges that shape economic goals and practices.
• Derive, analyse and resolve phase diagrams, linear and expectation difference equations by means of the method of undetermined coefficients.

Associated Assessment Criteria for Exit Level Outcomes 3:

• Submit a valid research proposal for a research project, including a preliminary literature review framing the research problem or question together with an appropriate research design.
• Develop a relevant measuring instrument(s), a target area and/or population in which to collect the data demarcated and data related to the research problem or question collected by following established research protocols, using relevant statistical tools and procedures to analyse and interpret research data.
• Table research data appropriately and prepare findings and conclusions.
• Present a final research report in the form of an academic treatise, meeting academic and scientific discourse and style conventions.
• Maintain ethical standards related to the research protocols including the reliability and validity of the research throughout.

Associated Assessment Criteria for Exit Level Outcomes 4:

• Outline and discuss the process of forecasting with structural models, including static and dynamic single equation models and simultaneous equation models.
• Use structural models to build a particular framework, test statistically, and evaluate them for economic forecasting and analysis, describing different sources of unobservables.
• Detect and resolve Heteroscedastic disturbances and auto-correlated errors.
• Compare trended, stationary and non-stationary series and their applications.
• Estimate and apply time series models for forecasting.
• Explain how economic behaviour and institutions affect relationships between economic conditions and outcomes.
• Draw a distinction between various economic and statistical assumptions.
• Demonstrate knowledge of data sources and data analysis by critiquing selected editions of current published economic data.

Associated Assessment Criteria for Exit Level Outcomes 5:

• Integrate and apply core micro-and macroeconomic theories, principles, concepts, operations, relationships, quantitative methods, and techniques to specialised fields such as Financial Economics, International Economics, Financial Econometrics, Econometrics, Development Economics, Environmental Economics, and Public Sector Economics.

Integrated Assessment:

• The evaluation of the thesis is formative and summative, synoptically evaluating all outcomes.
• The thesis is assessed by the research supervisor and examined by an internal and external examiner.