Bachelor of Commerce in Economics

Purpose

The purpose of the qualification is to respond to the changing economic environment more adequately. The qualification integrates the needs of industry, the region and is in line with the mission and vision of the institution.

Rationale

Our Bachelor of Commerce (B Com) in Economics program aims at training aspiring and budding economists who will upon completion, contribute to the South African economy in particular in a variety of sectors. The Degree programme provides insight into what drives the economies of this world, and the ability to evaluate and analyse macroeconomic policy of governments and projects. A student will gain the requisite understanding and knowledge that will enable him/her to advise on the establishment of economic development projects for local economic development (LED). Studying Economics enables the student to gain an overview of the economic environment that affects the business enterprises, labour, education, sports and almost every aspect of human activity. In wherever the student eventually ends up in the world of work, knowledge of Economics will stand him/her in good stead when making decisions on investment, business venture or further career choice.

Recognition of Prior Learning (RPL)

Recognition of Prior Learning is implemented through the University policy.

Entry Requirements

National Senior Certificate (NSC) granting access to Bachelor's Degree studies.

This qualification consists of compulsory and elective modules at Levels 6 and 7.

Compulsory Modules, Level 6: 180 Credits.

• Mathematical Economics B 16 Credits.
• Microeconomics 16 Credits.
• Statistics for Economics B 16 Credits.
• Statistics for Economists A 16 Credits.
• Macroeconomics16 Credits.
• Mathematical Economics A 16 Credits.
• Accounting IB 12 Credits.
• Commercial Law A 12 Credits.
• Introduction to Economics A 12 Credits.
• Accounting IA 12 Credits.
• Introduction to Business Management B 12 Credits.
• Introduction to Business Management A 12 Credits.
• Introduction to Economics B 12 Credits.

Elective Modules, Level 6

• Public Personnel Management and Labour Relations 16 Credits.
• Accounting IIB 16 Credits.
• Supply Chain Management) 16 Credits.
• Accounting IIA 16 Credits.
• Management of Public Finances 16 Credits
• Financial Management 16 Credits.
• Structuring and functioning of Public Administration 12 Credits.
• Elementary set theory, linear and introductory Abstract Algebra. 12 Credits.
• Differential and Integral Level Differential and Integral Calculus 12 Credits Credits.
• Nature, Content & Scope of Public Administration 12 Credits.

Compulsory Modules, Level 7: 88 Credits.

• Monetary Economics 24 Credits.
• Public Sector Economics 20 Credits.
• International Economics 20 Credits.
• Development Economics 24 Credits.

Elective Modules, Level 7

• Public Administration 20 Credits.
• Marketing Management) 20 Credits.
• Econometrics 20 Credits.
• Environmental Economics 20 Credits.
• Econometrics B 20 Credits.
• Strategic Management 20 Credits.
• Health Economics 20 Credits.

1. Demonstrate integrated knowledge, a high level of intellectual independence and a systematic understanding of current thinking, practice, theory and methodology in the areas of specialisation in Economics.
2. Identify, analyse and solve problems using practical and theoretical knowledge of economics.
3. Conduct specific investigations in the areas of specialisation by applying a range of suitable methods in order to resolve problems and/or introduce change as well as producing and communicating professional and occupational ideas and creative insights effectively, appropriate to context in a variety of modes to a range of audiences.
4. Take decisions and act ethically, responsibly and professionally within a supported environment.

The following Associated Assessment Criteria are assessed in an integrated manner across all the Exit Level Outcomes

• Have an informed outline of knowledge and understanding in the content, theories, and scholarly positions of the critical core of a number of Commerce contexts at a basic and intermediate level.
• Critically question the basic assumptions of the most important theories, scholarly positions and basic methodologies in Commerce.
• Analyse and locate own work in contemporary contexts (such as the South African and African contexts) regarding specific issues and/or problems.
• Interpret topical issues using different perspectives in Commercial contexts.
• Interpret, explain and/or develop an argument around and an understanding of newly-encountered material and demonstrate an ability to marshal an approach used in Commerce related contexts included at the Exit-Level (Level 7).

Integrated Assessment

The assessment approach is an integrated approach horizontally and vertically to ensure that Exit Level Outcomes have been met. Continuous and formative assessments, include tests, assignments, quizzes, presentations, and group work, and together they contribute 60% towards the final mark. These assessments will assess across and within learning outcomes. Summative assessment, which consists of a three-hour examination paper, is conducted at the end of each semester, and it contributes 40% towards the final mark. Assessment is in alignment with the University Rules and The assessment policy of student learning.