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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. |
| SOUTH AFRICAN QUALIFICATIONS AUTHORITY |
| REGISTERED QUALIFICATION: |
| Bachelor of Commerce in Economics |
| SAQA QUAL ID | QUALIFICATION TITLE | |||
| 124594 | Bachelor of Commerce in Economics | |||
| ORIGINATOR | ||||
| The Independent Institute of Education (Pty) Ltd | ||||
| PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | NQF SUB-FRAMEWORK | |||
| CHE - Council on Higher Education | 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 | Not Applicable | NQF Level 07 | Regular-Provider-ELOAC |
| REGISTRATION STATUS | SAQA DECISION NUMBER | REGISTRATION START DATE | REGISTRATION END DATE | |
| Registered | EXCO 0633/25 | 2025-07-10 | 2028-07-10 | |
| LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
| 2029-07-10 | 2034-07-10 | |||
| 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 does not replace any other qualification and is not replaced by any other qualification. |
| PURPOSE AND RATIONALE OF THE QUALIFICATION |
| Purpose:
The purpose of the Bachelor of Commerce in Economics is to promote access to higher education, to qualify learners for careers in business and economics, and to provide a platform for further studies in business management or economics. In accordance with the Higher Education Qualifications Sub-Framework Policy (HEQSF), 2013, the qualification will equip graduates with the knowledge, skills, and applied competencies sought in modern businesses to inform and support business sustainability and growth, and to provide strategic direction from an economic perspective. Graduates will be well-prepared with the insight and skills relevant to further specialised study, supporting the principle of lifelong learning. The qualification design presents a combination of skills and competencies that are highly attractive to prospective employers. On completion of the qualification, qualifying learners will be able to: Rationale: The qualification will provide a well-rounded, broad education that equips graduates with the knowledge base, theory and methodology of disciplines and fields of study, and enables them to demonstrate initiative and responsibility in an academic or professional context. The qualification will emphasise general principles and theory in preparation for entry into general employment or for postgraduate studies. The design for this qualification was identified by industry. The Bachelor of Commerce in Economics is historically popular, and graduates are consistently in demand in industry. Graduates will be able to make a valuable contribution to the organisation or business that employs them, particularly in terms of their ability to support and manage business sustainability by identifying the critical success factors of a specific business and working with management teams to formulate and deploy strategies to grow a sustainable business. Graduates will be able to source, evaluate and interpret information necessary to guide sound business decision-making, based on the effects and impact of various economic factors in relevant industries. The graduate will be acutely aware of economic challenges facing consumers, businesses and organisations and will be able to apply themselves creatively to strategic direction and support that aims to achieve business objectives. The strategic thinking and planning content in the programme, combined with the strong economic focus, adds considerable value in terms of employability prospects. In keeping with the purpose of bachelor's degrees, this programme will therefore enable learners to apply a well-rounded strategic knowledge base to professional entry practice across a broad range of enterprise types, government, and industries. Career opportunities for graduates of this qualification exist in/: This qualification will adequately prepare graduates to continue their studies at NQF Level 8. Graduates may pursue an honours degree within the field of economics and management sciences at any one of several institutions. |
| LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
| Recognition of Prior Learning (RPL):
The institution subscribes to the principles as outlined in the CHE Policies on the Recognition of Prior Learning, Credit Accumulation and Transfer (CAT), and Assessment in higher education, as well as the SAQA National Policy and Criteria for the Implementation of RPL. RPL is applied to formal, informal, and non-formal learning achieved through any means other than formal study towards a recognised qualification or part of a recognised qualification, which is normally recognised through a process of CAT. RPL lends itself to an integrated form of assessment. As learning is not gained entirely through a formal process, it is often something the candidate is best able to present in an integrated manner through the presentation of evidence, often from their work environment and/or the completion of a task or tasks that will enable demonstration of the required competences. The prior learning assessment seeks only to establish whether the candidate has, through a process other than the ordinary formal certified educational route, acquired the knowledge, competence and skills that would normally be expected for those being granted admission. Content knowledge is often not the primary consideration if it is something that can be readily acquired and will not inhibit progression; therefore, a Portfolio of Evidence (PoE) is presented. The institution's RPL, CAT and Qualification Completion Policy distinguishes between RPL for access, which provides an alternative access route into a programme of learning and RPL for credit, which provides for the awarding of credits for or towards a qualification or part qualification registered on the NQF RPL for access: RPL for credits: Entry Requirements: The minimum entry requirement for this qualification is: Or Or |
| RECOGNISE PREVIOUS LEARNING? |
| Y |
| QUALIFICATION RULES |
| This qualification consists of the following compulsory modules at National Qualifications Framework Level 5, 6 and 7, totalling 360 credits.
Compulsory Modules, Level 5, 120 Credits: Compulsory Modules, Level 6, 120 Credits: Compulsory Modules, Level 7, 120 Credits: |
| EXIT LEVEL OUTCOMES |
| 1. Communicate information reliably, appropriately, and coherently using generally accepted academic and professional business conventions and formats.
2. Demonstrate the ability to identify and assess the impact of various factors on business continuity and prosperity objectives. 3. Demonstrate the ability to identify and evaluate business opportunities and propose strategies to leverage growth prospects. 4. Demonstrate an ability to take informed ethical business decisions, drawing on appropriate ethical values and approaches, within a business environment. 5. Demonstrate an ability to apply a range of methods to resolve problems or introduce change within a business environment. |
| ASSOCIATED ASSESSMENT CRITERIA |
| Associated Assessment Criteria for Exit Level Outcome 1:
Associated Assessment Criteria for Exit Level Outcome 2: Associated Assessment Criteria for Exit Level Outcome 3: Associated Assessment Criteria for Exit Level Outcome 4: Associated Assessment Criteria for Exit Level Outcome 5: INTEGRATED ASSESSMENT Each qualification and module has an assessment strategy that will ensure that all assessment principles are adhered to and manage predictability and learner load. This strategy includes the type, number, and weightings of assessments in all modules. This is made explicit for learners in the Module Information Sheet (MIS) as summarised in the Qualification Guide. The assessment structure, type, number, and weightings in all modules must be appropriate for the credit value of the module (notional time), discipline and NQF-level. Exceptions to standard structures must be approved by the Faculty Boards. In an assessment, module, and qualification, the strategy must include more than one question type, learning skill, answer format, and time structure so that all learning types are catered for. In an individual assessment, the structure of the assessment should not be that the inability to answer one question impacts the ability to answer others. Stated differently, the inability to master one question cannot have the consequential impact of making it not possible to answer others. Assessments must test theory/content, skills and appropriate application and should include assessing values and attitudes. The assessment structure is outlined in the Module Information Guide and summarised in the Qualification Guide. The purposes of an assessment need to be reflected in the instruments and processes used to assess learner work. Some assessments are formative in that their purpose is to enable learners to use feedback to improve their performance in that module. Others are summative and their purpose is only to evaluate the attainment of the outcomes. Formative Assessment: Graded Formative Assessment: Integrated Curriculum Engagement: Summative Assessment |
| INTERNATIONAL COMPARABILITY |
| Introduction
Many countries offer a bachelor's degree in economics, but the specific name of the degree varies depending on the university and country. Some universities may offer a Bachelor of Economics or a Bachelor of Commerce with a major in economics, while others may offer a Bachelor of Arts in Economics or a Bachelor of Science in Economics. In South Africa, Australia and New Zealand, higher education institutions in other countries include honours in their bachelor's degree qualifications, and as such, those qualifications were excluded from the comparison. Country: New Zealand Institution: University of Otago Qualification Title: Bachelor of Commerce in Economics Credits: 360 points NQF Level: NZQF Level 7 Duration: 3 years full-time Entry Requirements Or Or Or Purpose: The Bachelor of Commerce with a specialisation in Economics graduates are equipped to pursue careers in various sectors, including finance, government, research, and business consulting. The purpose of the qualification is to develop strong analytical, problem-solving, and decision-making skills, which are highly valued by employers. Additionally, graduates gain a deep understanding of economic trends and their impact, enabling them to contribute to sustainable business practices and make informed business decisions. Exit Level Outcomes Upon completion of a qualification, graduates will be able to: Modules: Year One: Year Two: Year Three: Articulation: Similarities: Differences: Duration and Articulation Learners completing the Bachelor of Economics (Australian National University) also have 3 years to complete the qualification with an articulation pathway to a Graduate Diploma of Economics at the Australian National University. This aligns with the institution's Bachelor of Commerce in Economics, as this qualification is also run over 3 years, full-time, with an articulation pathway to the Bachelor of Commerce Honours in Economics at the institution. Country: Australia Institution: Australian National University Qualification Title: Bachelor of Economics NQF Level: Australian Qualification Framework (AQF) Level 7 Credits: 144 units Duration: 3 years Entry Requirements: Or Or Or Or Or and Purpose: The Bachelor of Economics program provides a rigorous foundation in economic theory, applied economics, economic history, and econometrics. It develops analytical and quantitative skills, preparing graduates for careers in economics or other roles. The program emphasises logical analysis and understanding how individuals and governments make decisions. Learning Outcomes: Upon completion of the qualification, graduates will be able to: Modules: Compulsory Modules: Elective 1 Modules (Select 3 modules) And Elective 2 Modules (Select any 3 modules): And Elective 3 Modules (Select eight modules): Similarities: Differences: Conclusion: Based on the analysis above, it is evident that the SA qualification compares favourably to similar international qualifications, but at the same time provides a focus on the South African business environment. |
| ARTICULATION OPTIONS |
| Horizontal Articulation:
Vertical Articulation: Diagonal Articulation There is no diagonal articulation for this qualification. |
| MODERATION OPTIONS |
| N/A |
| CRITERIA FOR THE REGISTRATION OF ASSESSORS |
| N/A |
| NOTES |
| N/A |
| LEARNING PROGRAMMES RECORDED AGAINST THIS 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. |
| 1. | The Independent Institute of Education (Pty) Ltd |
| 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. |