Nelson Mandela University

Bachelor of Commerce Honours in Economics

Business, Commerce and Management Studies - Finance Economics and Accounting

Purpose and Rationale

Purpose: The purpose of this particular degree qualification is to expose graduates to and familiarise them with advanced contemporary Economics theories, concepts and practices and the applied competence. In addition, the learning programme prepares Honours students for research-based Postgraduate study.

Rationale: This qualification is the first Postgraduate specialisation qualification. There it serves to strengthen the pool of specialised entrepreneurs, managers, decision makers, advisors, professionals and researchers active in the economic life of South Africa in order to ensure that the local leadership base of innovative and value-adding economic and scholarly activity is widened.

Outcomes

  1. Apply microeconomic analysis to various topics in Economics.
  2. Analyse and interpret macroeconomic events in terms of theories and schools of thought that underlie contemporary macroeconomic thinking
  3. Plan, design, organise, conduct and report on empirical research in Economics and related subfields.
  4. Demonstrate knowledge of general mathematical methods and techniques and the competence to build, evaluate and apply structural models for the purpose of analysing published and surveyed economic data, measure economic behavior, economic outcomes and the impact of economic policies on economic activity.
  5. Integrate micro-and macroeconomic theories, policies, principles, concepts, operations, relationships, methods and techniques, and extend and apply them to any four of the specialised, elective fields

Assessment Criteria

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.

Qualification Details

Type
Honours Degree
NQF Level
08
Min. Credits
120
SAQA Source
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Nelson Mandela University
Description
Nelson Mandela University is a comprehensive university located in Port Elizabeth, South Africa. It was established in 2005 through the merger of three institutions, and it is named after the iconic South African leader, Nelson Mandela. The university offers a wide range of undergraduate and postgraduate programs across various disciplines, including arts, sciences, business, engineering, health sciences, and law. It is known for its commitment to social justice, transformation, and community engagement. Nelson Mandela University strives to provide quality education, promote research and innovation, and contribute to the development of the region and the country as a whole.

This page includes information from the South African Qualifications Authority (SAQA) . Builtneat Pty Ltd trading as Study Start, has modified all or some of this information. SAQA has not approved, endorsed, or tested these modifications.