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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Bachelor of Commerce in Econometrics and Quantitative Economics 
SAQA QUAL ID QUALIFICATION TITLE
111304  Bachelor of Commerce in Econometrics and Quantitative Economics 
ORIGINATOR
University of Johannesburg 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
-   HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
National First Degree  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  360  Level 6  NQF Level 07  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Reregistered  EXCO 0821/24  2021-07-01  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2028-06-30   2033-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This qualification replaces: 
Qual ID Qualification Title Pre-2009 NQF Level NQF Level Min Credits Replacement Status
73781  Bachelor of Commerce: Monetary Economics  Level 6  NQF Level 07  360  Complete 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
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. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
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. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    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. 
    		•

    EXIT LEVEL OUTCOMES 
    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 
    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. 
    		•

    ARTICULATION OPTIONS 
    This qualification allows for both horizontal and vertical Articulation options:
    Horizontal Articulation:
  • Bachelor of Commerce, Level 7.

    Vertical Articulation:
  • Bachelor of Commerce Honours in Econometrics; Level 8. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    NOTES 
    N/A 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
    When qualifications are replaced, some (but not all) of their learning programmes are moved to the replacement qualifications. If a learning programme appears to be missing from here, please check the replaced qualification.
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.