University of Johannesburg

Bachelor of Commerce Honours in Economics

Business, Commerce and Management Studies - Finance Economics and Accounting

Purpose and Rationale

Qualification Purpose and Rationale

Purpose

The purpose of this qualification is to:

  • Develop the applied competence of students at an advanced level in the analysis, interpretation, and application of economic principles and methods.
  • Prepare students to reflect on their own economic applications to assess their effects in the holistic context of Economics as a social science.
  • Prepare students for further study in Economics as a science.

Rationale

The rationale behind this qualification is:

  • To address the need for individuals who can analyze the costs and benefits of distributing and consuming goods and services.
  • Economists play a crucial role in conducting research, collecting and analyzing data, monitoring economic trends, and developing forecasts.
  • The advancement of knowledge has been a key driver of overall economic growth over long periods, despite the high costs of producing knowledge in relation to risk-adjusted returns.
  • Recent studies highlight that the rate of return on research investments tends to increase with the cumulative stock of knowledge.
  • This qualification aims to equip students with the necessary knowledge and skills to conduct economics research that positively impacts society.

Outcomes

  1. Demonstrate specialised knowledge in Economics.
  2. Make decisions on ethical values and practices within the Economics specialisation.
  3. Communicate effectively regarding Economics and topics supporting it.
  4. Demonstrate competence in analytical thinking through the synthesis of information from relevant sources and apply them to real problems.

Assessment Criteria

Associated Assessment Criteria for Exit Level Outcome 1:

  • Reflect on the correct use of the terminology, concepts, principles, and theories in written and/or oral communication.
  • Critically appraise the relationship among concepts and principles of Economic disciplines.
  • Effectively apply Economics knowledge to propose solutions to well-structured and practical problems (both concrete and abstract).
  • Communicate clearly using scholarly discourse and Economics discipline-specific conventions.

Associated Assessment Criteria for Exit Level Outcome 2:

  • Acknowledge the ethical implications of various kinds of research and act accordingly.
  • Identify and reflect on ethical issues occurring in Economics.
  • Practice Economics using sound ethics and values.

Associated Assessment Criteria for Exit Level Outcome 3:

  • Express own opinions clearly and coherently, justify a position and present it logically and systematically using properly substantiated arguments.
  • Communicate appropriately showing a thorough grounding in theory and awareness of current global economic environment and political economy.

Associated Assessment Criteria for Exit Level Outcome 4:

  • Structure report by showing understanding of the core issues of the local and global economic environment.
  • Debate subject matter by developing logically coherent arguments as well as citing and discussing illustrative examples based on theoretical underpinnings.
  • Present reports according to appropriate and/or recommended word processing and referencing protocol.
  • Evaluate modern theories in relation to classical and neo-classical theories.
  • Formulate a position on macroeconomic policies and holding to it in discussions.
  • Derive a conclusion that fills the gaps in the explanation of current economic issues.

Integrated Assessment:

  • Assessment across the qualification forms an integral part of the teaching and learning process for this programme.
  • Compliance with the minimum assessments set for the level of the qualification, as per the Institution's Assessment Policy.
  • Assessments vary depending on the module and the outcomes of the module, however, all modules are formatively and summatively assessed.
  • Opportunities for integrated assessments/case studies through a variety of assignments, including those completed in industry or those that assess aggregated knowledge acquired.
  • Formative assessments are not formally recorded and take the form of class tests, question and answer sessions, and monitoring of practical work.
  • Summative Assessment leads to the final judgmental mark in accordance with the institution's Assessment Policy.

Qualification Details

Type
Honours Degree
NQF Level
08
Min. Credits
120
SAQA Source
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University of Johannesburg
University of Johannesburg
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Description
The University of Johannesburg (UJ) is a public university located in Johannesburg, South Africa. It was established in 2005 through the merger of the Rand Afrikaans University, Technikon Witwatersrand, and the Soweto and East Rand campuses of Vista University. UJ is one of the largest universities in South Africa, with over 50,000 students enrolled across its four campuses. The university offers a wide range of undergraduate and postgraduate programs in various fields, including arts, humanities, sciences, engineering, business, and health sciences. UJ is known for its commitment to providing quality education, promoting social justice, and fostering innovation and entrepreneurship.

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.