Bachelor of Commerce in Econometrics and Quantitative Economics

The qualification title has changed from BACCALAUREUS COMMERCII (Monetary Economics) to Bachelor of Commerce in Econometrics and Quantitative Economics in terms of the name and core modules to better fit the offering of a specialist degree to students that want to specialise in Econometrics and Quantitative Economics. The modules offered in this qualification are appropriately aligned with the qualifier. Furthermore, the Department offers learners the opportunity to specialise in Econometrics and Quantitative Economics at an Honours level, but doesn't have a specialised Undergraduate qualification in these fields of

study. Subsequently, changes to the rules of access were made and there were additions and subtractions of certain modules to prepare the student more adequately in the field of Econometrics and Quantitative Economics.

Rationale

To provide learners with the opportunity to acquire a recognised qualification that will enable them to enter the job market as an Economist in the private monetary sector, either in Banking, Finance, Insurance be an Entrepreneur, Educationalist, Business Management Practitioner, a Public Financial Administrator.

To provide qualifiers with the Graduate level knowledge and specific skills to apply in a number of fields related to economics that provide opportunities for continued personal, intellectual growth, gainful economic activity and rewarding contributions to society.

Recognition of Prior Learning (RPL)

Recognition of Prior Learning in the case of learners not complying with the formal entry requirements will be conducted in accordance with the policy and guidelines of the institution concerning the recognition of other forms of formal, informal and non-formal learning and experience. Recognition takes place only where prior learning corresponds to the required NQF-level, and in terms of applied competencies relevant to the content and outcomes of the qualification. Through Recognition of Prior Learning students may gain access, or advance placement, or status recognition on the condition that they continue their studies at this Institution.

Entry Requirements

The entry requirements for this qualification are

• National Senior Certificate, NQF Level 4, granting access to bachelor studies.
• Senior Certificate, NQF Level 4 with endorsement.

This qualification consists of compulsory and elective modules at levels 5, 6 and 7 totalling 410 Credits

Compulsory Modules at NQF Level 5, totalling 146 Credits

• Accounting 1B, 12 Credits.
• Accounting 1A, 12 Credits.
• Mathematics 1B, 15 Credits.
• Financial Management 1B, 12 Credits.
• Mathematics, 15 Credits.
• Commercial Law 1A, 16 Credits.
• Business Management 1B, 16 Credits.
• Business Management 1A, 16 Credits.
• Economics 1B, 16 Credits.
• Economics 1A, 16 Credits.

Compulsory Modules Level 6, totalling 144 Credits.

• Econometrics 2A, 16 Credits.
• Mathematics 2B, 8 Credits.
• Economics 2B, 16 Credits.
• Economics 2A, 16 Credits.
• Quantitative Economics 2B, 16 Credits.
• Quantitative Economics 2A, 16 Credits.
• Economics 2C, 16 Credits.
• Mathematics 2A, 8 Credits.
• Economics 2D, 16 Credits.
• Econometrics 2B, 16 Credits.

Compulsory Modules, level 7, totalling 120 Credits.

• Mathematics 3A, 12 Credits.
• Economics 3A, 16 Credits.
• Quantitative Economics 3A, 16 Credits.
• Econometrics 3B, 16 Credits.
• Mathematics 3B, 12 Credits.
• Economics 3B, 16 Credits.
• Econometrics 3A, 16 Credits.
• Quantitative Economics 3B, 16 Credits.

1. Apply the necessary mathematical foundation to achieve a mature and enduring understanding of economic models and of the basic principles of econometrics principles of economics in particular, the financial and monetary systems and financial and monetary markets.
2. Apply the skills and knowledge pertaining to quantitative methods required to comprehend economic models and econometrics.
3. Undertake analysis of different economic issues applying econometric techniques.
4. Demonstrate an advanced understanding of mathematical concepts and techniques applied in economic analysis.
5. Use mathematical models of economic processes to analyse problems in economics, draw conclusions and formulate policy recommendations.
6. Have a commanding knowledge of the application of calculus of one and several variable function calculus and of sequence, series and vector calculus within a finance environment.
7. Apply complex quantitative methods required to comprehend economic models and econometrics.
8. Explain the role of financial and monetary markets and institutions in the economy.
9. Conduct a range of analyses on financial processes and institutions to ascertain their importance on the economy and make recommendations to stakeholders in public or private institution.
10. Apply the skills, values and knowledge pertaining to monetary economics, banking and business on all levels of organisations.
11. Demonstrate an understanding and ability to interpret monetary policy.
12. Demonstrate an ability to communicate effectively in the working environment.

Associated Assessment Criteria for Exit Outcome Level

The following Associated Assessment Criteria will be used in an integrated manner across Exit Level Outcomes

• Explain the role of financial and monetary markets and institutions in the economy.
• Conduct a range of analyses on financial processes and institutions to ascertain their importance on the economy and make recommendations to stakeholders in public or private institution.
• Apply the skills, values and knowledge pertaining to monetary economics, banking and business on all levels of organisations.
• Demonstrate an understanding and ability to interpret monetary policy.
• Demonstrate an ability to communicate effectively in the working environment.

Integrated Assessment

Formative Assessment practices that will be implemented

Formative Assessment is aimed at development of a life-long learning culture based on continuous self-study and compromises the following: In every semester course (consisting of two modules), learners write two formal tests. Self-assessment requires of the student to work through simulated questions and suggested solutions thereto, independently (Assignments).

Summative Assessment practices that will be implemented

Integrated Assessment, focusing on the achievement of the exit-level outcomes, will be done by means of Summative Assessment in conjunction with Formative Assessment. Summative Assessment determines whether the learners are awarded the qualification. In the Summative Assessment, learners are assessed by means of a three hour written examination at the end of each semester course on the study material covered in all the modules of the semester course. In all semester courses, prior knowledge acquired in preceding years of study is a prerequisite for understanding the study material of modules making up semester courses in subsequent years of study. Learners are assessed on their ability to apply to and integrate with, such previously acquired knowledge to the subject matter of the later course.