Bachelor of Commerce in Economics
Business, Commerce and Management Studies - Finance Economics and Accounting
Purpose and Rationale
Purpose:
The purpose of the study qualification is to offer education in economics aimed at developing the learners' analytical, economic, and research skills. This qualification provides a module combination with Finance, Management, Information Systems, Insurance and Risk, or Law knowledge and enables learners to understand how the economy operates; to be able to help governments and organizations (both public and private) make informed decisions. The qualification also enables learners to understand how to ensure societies function more effectively and to forecast and plan for the future.
Rationale:
Economics is the study of how, where, and why money and resources are produced, spent, and allocated by government and businesses and how these help and affect the lives of individuals. All discussions around unemployment, monetary policy, budget deficits, and inflation often involve economists. This qualification targets learners who have:
- A flair for, or good grounding in mathematics
- Critical thinking and problem-solving skills
- The ability to reason logically
- Effective communication skills (verbal and written)
- An interest in how money and resources can affect and shape the world we live in
Graduates can expect to work in various roles such as economists, investment bankers, analysts, management and economic consultants, political advisors and politicians, journalists, and researchers, among other careers. The qualification will also prepare learners for professional work as economists, researchers, and policy advisors in industry, commerce, public and private sectors.
Outcomes
- Obtain a strong grasp of the fundamentals of economics from an elementary to an advanced level and describe the economic processes and procedures related to the discipline, and show insight into their interaction.
- Show an understanding of the economic theories relating to growth and development in both the public and private sector and gain an understanding of the domestic economic relations and links with the external world.
- Identify, develop and apply economic techniques and procedures that reflect combined efforts to address economic issues that arise in the identified fields and evaluate the most prevalent theories in the discipline, their fundamental concepts and principles and their use.
Assessment Criteria
Associated Assessment Criteria for Exit Level Outcome 1:
- Demonstrate knowledge of the field of Economics.
- Demonstrate knowledge, insight, and understanding of the principles and practices of micro and macro-economic procedures prevalent in the field of Economics.
Associated Assessment Criteria for Exit Level Outcome 2:
- Acquire knowledge and skills to understand problems of resource allocation, micro, industrial, labour, developmental, environmental, and macro-economic issues in South Africa and other countries, and seek solutions.
- Relate theory to practice.
- Show an appreciation of the political dynamics that exist in the context of economic growth and development in public and private sectors.
Associated Assessment Criteria for Exit Level Outcome 3:
- Analyse the theories, techniques, and procedures relevant to the field of Economics, with particular reference to Financial Markets, Economic Impact Assessment, and Econometrics.
- Identify, describe, and apply economic theoretical principles, techniques, and analysis relevant to Economics and its selected sub-fields, in a professionally competent manner.
Integrated Assessment:
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Formative Assessment:
- Four tasks (depending on the nature of the module registered for) will be done in a semester that counts towards the year mark, with the test being compulsory among the tasks.
- Only two tasks will be recognized as the year mark.
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Summative Assessment:
- Summative evaluation will ultimately be in the form of a three-hour examination, which will constitute the final mark.
Qualification Details
- Type
- National First Degree
- NQF Level
- 07
- Min. Credits
- 360
- SAQA Source
- More Information
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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.