University of Venda

Bachelor of Commerce in Economics

Business, Commerce and Management Studies - Finance Economics and Accounting

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Purpose and Rationale

The qualification aims to achieve the following objectives:

  1. Introducing learners to the economy: The qualification aims to provide learners with an understanding of how the economy functions and the roles played by individuals, businesses, and governments in its operation.

  2. Teaching economic theories: Learners will be taught both macroeconomic and microeconomic theories, and how to apply economic methodologies to analyze current human and social issues. This will equip them with the skills needed to assess and address contemporary problems using an economic lens.

  3. Developing problem-solving skills: The qualification seeks to prepare learners with a problem-solving approach to learning. They will learn how to tackle complex economic issues and develop solutions to real-world problems. Additionally, it aims to instill in learners a sense of ethical responsibility towards their future workplaces and the wider community.

Outcomes

  1. Understand, analyse and critically assess macroeconomic and microeconomic policy issues.
  2. Manage financial institutions in the private, government and non-government sectors.
  3. Understand published macro and microeconomic data and begin to analyse them.
  4. Know the different forms of markets.
  5. Understand the basis of decisions making business in determining investment.
  6. Know the reason behind government policies in privatisation, government spending and taxation.
  7. Understand the activities of consumers, producers and suppliers of goods and service regarding how resources are allocated.
  8. Know the meaning of economic variables such as inflation, unemployment and the sources of such variables (data).
  9. Understand the public sector and demonstrate an understanding of taxation and fiscal policy.

Assessment Criteria

Integrated Assessment:

  1. Examination.
  2. Assignment/test.
  3. Group Project.

Qualification Details

Type
National First Degree
NQF Level
07
Min. Credits
360
SAQA Source
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University of Venda
University of Venda
Description
The University of Venda (UNIVEN) is a comprehensive university located in Thohoyandou, Limpopo Province, South Africa. Established in 1982, it is one of the newer universities in the country. UNIVEN offers a wide range of undergraduate and postgraduate programs across various disciplines, including arts, sciences, education, health sciences, agriculture, and management sciences. The university is committed to providing quality education, research, and community engagement, with a focus on addressing the socio-economic challenges faced by the region. UNIVEN also promotes inclusivity and diversity, striving to create an environment that fosters personal and intellectual growth for its students.
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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.