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
- Source and analyse economic data using relevant Econometric techniques.
- Apply mathematical techniques such as linear algebra and calculus to a range of economic problems.
- Demonstrate knowledge and understanding of key macroeconomic theories and their usefulness in analysing real-world macroeconomic aggregates such as output, employment and inflation.
- 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.
- Provide extended commentary and analysis of an economic issue.
- Obtain, interpret and critically evaluate information, solve problems and make financial decisions.
- Demonstrate effective written and verbal communication skills.
- 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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