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Purpose and Rationale

Program Objectives:

Advanced Core Knowledge and Skills: This program aims to equip students with advanced core knowledge and skills in various specialized aspects of the quantitative sciences, including statistics, logistics, actuarial science, mathematics, and financial mathematics. By doing so, students will be prepared for careers in quantitative areas of both the private and public sectors. Their participation in these sectors will contribute to sustainable growth and development, ultimately maximizing prosperity across all sectors of the economy and society.
Development of Competent Leaders: The program also seeks to develop competent leaders in the fields of quantitative commerce and finance. Through the acquisition of advanced theoretical and applied knowledge and skills, students will be prepared to lead and steer sustainable development, growth, and prosperity in these fields, ensuring they move in the most appropriate direction.
Preparation for Postgraduate Studies: Lastly, the program aims to provide students who wish to pursue further postgraduate studies with a solid academic foundation. By receiving a comprehensive education in quantitative sciences, students will have the necessary base from which to continue their academic pursuits and research in related fields at an advanced level.

Outcomes

Demonstrated the ability to read and interpret diverse and advanced quantitative literature, implying the ability for independent learning from source material.

Manifested advanced understanding of the use of scientific methodology in the acquisition of data, and the transformation thereof to information and knowledge.

Demonstrated the ability to analyse, organise and critically evaluate relevant information.

Demonstrated the ability to identify and solve complex, diverse problems in a critical and creative way by applying appropriate advanced quantitative methods.

Demonstrated the ability to work effectively with others as a member of a team in the private, developmental and public sectors.

Demonstrated the ability to organise and manage personal activities responsibly and effectively.

Demonstrated the ability to communicate effectively, using graphical, statistical and language skills in the modes of oral and or written presentation.

Demonstrated the ability to use quantitative based science and technology effectively and critically, showing responsibility towards the environment and the interests of others.

Demonstrated understanding of the world as a set of related systems by recognising important common characteristics of problems in diverse contexts.

Demonstrated understanding of and ability to apply a range of advanced quantitative techniques, procedures and experimental approaches required in the different specific programmes leading up to this qualification.

Demonstrated ability to apply the knowledge of and practical skills in advanced quantitative methodology to address complex theoretical and practical problems in diverse areas of commerce and finance.

Demonstrated refined and advanced ability to learn and apply appropriate lessons from these experiences in order to solve problems in such a way that sustainable developmental outcomes occur.

Mastered initial research skills in the quantitative field, which can be developed and honed during further study.

(For the programme in Actuarial Science). Demonstrated understanding at an advanced level of the mathematical and statistical bases underlying life insurance, pensions, general insurance and investments, and mastered advanced techniques for applying the basic theory in these fields in practical problems.

(For the programme in Financial Analysis). Demonstrated the ability at an advanced level to utilise quantitative techniques to analyse and evaluate the financial systems of an organisation.

(For the programme in Institutional Investments). Demonstrated understanding at an advanced level of the mathematical and statistical theory underlying investment instruments, and the application of this theory in analysing and evaluating existing investment plans, and in developing new investment schemes.

(For the programme in Quantitative Decision Making). Demonstrated the ability at an advanced level to utilise quantitative decision making tools in a business context.

(For the programme in Logistics Analysis). Demonstrated the ability at an advanced level to analyse the supply chain of an organisation.

(For the programme in Mathematics). Demonstrated understanding at an advanced level of the prevalence and importance of variation in real world phenomena, and mastered different mathematical and statistical techniques for modelling such phenomena.

Assessment Criteria

The assessment used for this qualification ensures that the purpose of the qualification is achieved through a range of formative and summative assessment methods. These methods include simulations, computer assignments, workplace assessments, written and oral presentations, and examinations. The required range of modalities is used integratively to assess whether the specified outcomes have been achieved. Generalising from the assessment of samples to a domain is done in a judicious and planned manner to ensure reliability. The assessment used meets the standard and level of achievement for National Qualifications Framework (NQF) Level 7.

Integrated Assessment plays a significant role in the quantitative sciences honours degree program. The assessments are designed to require students to draw on knowledge and expertise from previous years of study. Assessments include cross-disciplinary individual and group assignments, simulations, computer assignments, workplace assessments, written and oral presentations, tests, and examinations. Additionally, students are expected to complete at least one large project, either practical or theoretical, individually or in small teams, and present both written and oral reports on their work.

Qualification Details

Type

Honours Degree

NQF Level

Min. Credits

120

SAQA Source

More Information

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