University of KwaZulu-Natal

Bachelor of Commerce Honours in Economics

Business, Commerce and Management Studies - Finance Economics and Accounting

Purpose and Rationale

Purpose:

The purpose of this qualification is to develop a strategy for learning that will enable learners to identify and solve problems and communicate effectively using the full range of available technologies in both written and oral form. It aims to help learners develop a sound understanding of the economic challenges facing South Africa.

Rationale:

This qualification is intended for learners who wish to specialize in Economics as a specific field of study, with the goal of equipping them with the necessary foundations to continue their studies at the Master's level. The skills that learners will develop through this qualification will enable them to work as Economists in a specialized field.

Outcomes

  1. Source and analyse economic data using relevant Econometric techniques.
  2. Apply mathematical techniques such as linear algebra and calculus to a range of economic problems.
  3. Demonstrate knowledge and understanding of key macroeconomic theories and their usefulness in analysing real-world macroeconomic aggregates such as output, employment and inflation.
  4. Demonstrate knowledge and understanding of key microeconomic theories and their usefulness in analysing real-world microeconomic scenarios, such as consumer behaviour, firm behaviour and market failure.
  5. Provide extended commentary and analysis of an economic issue.
  6. Obtain, interpret and critically evaluate information, solve problems and make financial decisions.
  7. Demonstrate effective written and verbal communication skills.
  8. Apply economic theories and principles in sub-disciplines in economics, for example labour economics, health economics, environmental economics, and development economics.

Assessment Criteria

The ability to apply critical reasoning in a logical and creative way is essential when solving problems in economics. By analyzing problems and situations critically, one can present results effectively and make informed decisions based on data and information. Quantitative skills are also important in the solution of economic problems, as they allow for the interpretation and analysis of data to draw meaningful conclusions.

When working as a member of a team, it is crucial to interact with peers and collaborate effectively to achieve common goals. This requires creative thinking and the use of critical reasoning to synthesize ideas and come up with innovative solutions.

In a research context, it is important to select a topic that is both relevant and original, applying theory to real-world problems. The appropriateness of quantitative and qualitative skills in analyzing and evaluating data is key to producing meaningful research outcomes.

Integrated assessment methods such as seminar presentations, tests, assignments, and formal examinations are used to evaluate learning outcomes and encourage improvement. Moderators and external examiners with expertise in the subject areas covered in the qualification ensure that assessments are consistent and fair.

By consistently applying key principles of economic analysis across modules, learners can develop a deep understanding of economic concepts and their practical applications. This integrated approach to learning fosters critical thinking skills and prepares students to tackle complex economic challenges in the real world.

Qualification Details

Type
National First Degree(Min 480)
NQF Level
08
Min. Credits
120
SAQA Source
More Information

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University of KwaZulu-Natal
Description
The University of KwaZulu-Natal (UKZN) is a public research university located in the province of KwaZulu-Natal, South Africa. It was formed in 2004 through the merger of the University of Natal and the University of Durban-Westville. UKZN is one of the top-ranked universities in South Africa and is known for its excellence in teaching, research, and community engagement. It offers a wide range of undergraduate and postgraduate programs across various disciplines, including humanities, social sciences, natural sciences, engineering, health sciences, and business. The university has multiple campuses spread across the province, including Durban, Pietermaritzburg, and Westville. Each campus has its own unique character and facilities, providing students with a diverse and vibrant learning environment. UKZN is committed to producing graduates who are academically competent, socially responsible, and globally competitive. It strives to promote innovation, critical thinking, and problem-solving skills among its students. The university also actively engages with local communities through various outreach programs and initiatives. Overall, the University of KwaZulu-Natal is a prestigious institution that offers high-quality education and research opportunities to students, contributing to the development and advancement of South Africa and the African continent 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.