SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE:

Master of Arts: Economics

SAQA QUAL ID	QUALIFICATION TITLE
4651	Master of Arts: Economics
ORIGINATOR
Rand Afrikaans University
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY			NQF SUB-FRAMEWORK
Was CHE until Last Date for Achievement			HEQSF - Higher Education Qualifications Sub-framework
QUALIFICATION TYPE	FIELD		SUBFIELD
Master's 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	240	Level 8 and above	NQF Level 09	Regular-Provider-ELOAC
REGISTRATION STATUS		SAQA DECISION NUMBER	REGISTRATION START DATE	REGISTRATION END DATE
Passed the End Date - Status was "Reregistered"		SAQA 2663/05	2006-07-01	2009-06-30
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2010-06-30		2013-06-30

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 is replaced by:

Qual ID	Qualification Title	Pre-2009 NQF Level	NQF Level	Min Credits	Replacement Status
73950	Master of Arts: Economics	Level 8 and above	NQF Level 09	240	Complete

PURPOSE AND RATIONALE OF THE QUALIFICATION

The primary purpose of this qualification is to provide qualifying learners with applied competence, on an advanced level, in the mastering, analysis, interpretation and understanding of economic principles and methods. Learners should be able to undertake independent scientific research. Learners should also be able to communicate research results and findings in written form.

This programme will prepare learners to reflect on their own economic applications and research to assess the effect thereof in the holistic context of Economics as a social science within their everyday lives. Lastly, it will prepare them for further study in Economics as a science.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

Learners accessing this qualification should have demonstrated their ability to read, analyse, interpret and synthesize advanced relevant literature on a post-graduate level. Learners should be able to reflect and advise on factors affecting the economy, and on the effects of different courses of action.

A potential learner should possess an Honours Degree in Economics on NQF level 7, or with the permission of the Department of Economics, and Honours Degree in Econometrics. Alternatively any other qualification or related experience which is considered relevant and sufficient by the Department of Economics (RAU) will be assessed.

Recognition of prior learning:

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 University 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 learners may gain access, or advanced placement, or recognition of status, on condition that they continue their studies at this University.

RECOGNISE PREVIOUS LEARNING?

EXIT LEVEL OUTCOMES

The learners should be able to:

1. Demonstrate their competence in applying the advanced theoretical principles of problem identification and solving in the field of economic, business and financial management correctly and reflect on the application made (problem solving skills);

2. Plan and undertake advanced research in the field of economic, business and financial management, including the gathering, analysing, synthesising and interpretation of information on economic and business management issues correctly by utilising the relevant theoretical research principles and reflect on the research undertaken (research skills);

3. Communicate effectively orally and in writing on an advanced level with the different role players in the field of economic, business and financial management by applying the theoretical principles of communication and reflect on the application made (communication skills);

4. Accountably develop an advanced theoretical and practical macro vision, taking into account socio-political and multi-cultural factors of economic, business and financial management internationally, nationally, provincially/ regionally and locally (development of macro vision);

5. Effectively and responsibly organise and coordinate resources and opportunities in the field of economic, business and financial management by applying advanced relevant theoretical aspects and reflect on the application thereof (entrepreneurship);

6. Accept the responsibility for their own activities in the field of economic, business and financial management (entrepreneurship, self-responsibility skills);

7. Practise acceptable social sensitivity in the relationships with others and work effectively in a team by implementing advanced relevant theory and reflect on the implementation thereof (team ship);

8. Utilise appropriate management technology (e.g. computer and e-mail) effectively in the economic, business and financial management environment (technological and environmental literacy);

9. Explore different effective learning strategies to acquire different skills within the field of economic, business and financial management (explore learning strategies);

10. Promote responsible citizenship through their approach towards the holistic application of advanced management capabilities within the field of economic, business and financial management both on the local and national level (promoting citizenship);

11. Practise acceptable social, cultural and aesthetic sensitivity towards the different role players in the economic, business and financial management industry by applying the appropriate theoretical principles and reflect on the application made (cultural and aesthetic sensitivity); and

12. Acquire acceptable employment seeking skills for entry into the different sectors of the economic, business and financial management industry utilising the theoretical principles and reflect on the application thereof (employment seeking skills).

ASSOCIATED ASSESSMENT CRITERIA

Can the learner demonstrate:

1. Can the learner demonstrate their ability to identify and solve problems in the field of economic, business and financial management correctly by applying the advanced theoretical principles correctly and reflect on the application made? (problem solving skills)

2. Are the learners able to plan and undertake advanced research in the field of economic, business and financial management, including the gathering, analysing, synthesising and interpretation of information onf economic, business and financial management issues correctly by utilising the relevant theoretical research principles and reflect on the research undertaken? (research skills)

3. Can the learners communicate effectively orally and in writing with the different role players in the field of economics, business and financial management by applying the theoretical principles of communication and reflect on the application made correctly? (communication skills)

4. Have the learners developed an accountable and advanced effective theoretical and practical macro-vision of economic, business and financial management internationally, nationally, provincially, regionally and locally? (development of macro-vision)

5. Are the learners able to effectively and responsibly organise and coordinate resources and opportunities in the field of economic, business and financial managent by applying the relevant theoretical principles and reflect on the application made thereof? (entrepreneurship)

6. Are the learners able to accept the responsibility for their own activities in the field of economic, busines and financial management? (entrepreneurship, self-responsibility skills)

7. Can the learners practise acceptable social sensitivity in the relationships with others and work effectively in a team by implementing the relevant theory and reflect on the implementation thereof? (team ship)

8. Are the learners able to utilise appropriate management technology (e.g. computer and e-mail) effectively in the economic, business and financial management environment? (technological and environmental literacy)

9. Are the learners able to explore different effective learning strategies to acquire different skills within the field of economic, business and financial management? (explore learning strategies)

10. Are the learners able to promote responsible citizenship through their approach towards the holistic application of management capabilities within the field of economic, business and financial management? (promoting citizenship)

11. Are the learners able to practise acceptable social, cultural and aesthetic sensitivity towards the different role players in the economic, business and financial management industry by applying the appropriate theoretical principles and reflect on the application made? (cultural and aesthetic sensitivity)

12. Do the learners demonstrate the acceptable employment seeking skills for entry into the different sectors of the economic, business and financial management industry by applying the theoretical principles of employment seeking and reflect on the application thereof? (employment seeking skills)

Formative assessment practices that will be implemented:

Learners are continuously assessed via written ad hoc modular tests which will be utilised as an entry requirement for exam purposes. A minimum modular mark of 40% is required for entry into summative assessment.
Learners will also need to complete a written research paper which will count 25% of their final mark.

Summative assessment practices that will be implemented:

Integrated assessment, focusing on the achievement of the exit-level outcomes, will be done by means of a written 3 hour examination. A final mark will be calculated on the average of the modular and exam mark.

ARTICULATION OPTIONS

Access to qualification on a lower level

Learners who wish to gain access to certificates, diplomas or degree on NQF level 5 to 7 may be allowed, subject to approval by the Dean and panel participating departments. Credit will be retained for modules passed previously.

Access to qualifications on the same level:

Learners who are (or have been) registered for this or another related qualification on the NQF level 8 at another high educational institution, will be allowed to enter mid-stream. Such learners will retain credit for subjects that have been passed, after recognition by the previous institution and the Dean of the Faculty of Economic and Management Sciences (RAU).

Learners who want to switch to another qualification or other modules at this institution, may do so subject to certain time limits. They will retain full credit for modules that have been passed.

If learners want to continue their studies at another higher educational institution, they may switch towards the end or of the first or the second semester. This will also be in accordance with the regulations of other institutions.

Access to qualifications on a higher level:

Having obtained this qualification, the following possibilities for further study of higher education programme exist namely a doctoral degree programme in Economics on NQF level 8 at any university.

MODERATION OPTIONS

Both internal and external examiners will be appointed by the Dean of the Faculty of Economic and Management Sciences upon recommendation by the Department of Economics at this institution.
External moderation will also occur within the teaching and lecturing of the programme. These processes still need to be developed.

At least one internal and external examiner per module will be appointed. External examiners with at least a doctorial degree will be selected from within the different higher education institutions or other educational institutions in South Africa or abroad.

CRITERIA FOR THE REGISTRATION OF ASSESSORS

Formal qualified assessors for assessing learners in terms of foundational, practical and reflexive outcomes per module, with at least a doctoral degree in the related field of study, will be appointed by the Faculty of Economic and Management Sciences of this institution upon recommendation by the particular department.

Assessors should have job related or learning area experience to be able to act as an assessor.
Assessors should be SAQA accredited with assessment experience in the related field of study.

REREGISTRATION HISTORY

As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2006.

LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION:

When qualifications are replaced, some of their learning programmes are moved to being recorded against the replacement qualifications. If a learning programme appears to be missing from here, please check the replacement.

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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.

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