SAQA 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: 

Master of Philosophy in Industrial Policy 
SAQA QUAL ID QUALIFICATION TITLE
93769  Master of Philosophy in Industrial Policy 
ORIGINATOR
University of Johannesburg 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  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  180  Not Applicable  NQF Level 09  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Registered-data under construction  EXCO 0324/24  2024-07-01  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2028-06-30   2031-06-30  

Registered-data under construction

The qualification content is currently being updated for the qualifications with the status “Registered-data under construction” or showing “DETAILS UNDER CONSTRUCTION” to ensure compliance with SAQA’S Policy and Criteria for the registration of qualifications and part-qualifications on the National Qualifications Framework (NQF) (As amended, 2022). These qualifications are re-registered until 30 June 2027 and can legitimately be offered by the institutions to which they are registered.

 

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.  

PURPOSE AND RATIONALE OF THE QUALIFICATION 
Purpose:
The purpose of this qualification is to develop the learners' intellectual competencies, intellectual independence and practical skills in the acquisition, analysis, interpretation and application of appropriate industrial policies to support the structural transformation of the economies of the continent. The qualification consists of core modules offering an in-depth coverage of a broad range of issues pertaining to industrial development policies, strategies and management in Africa, and allowing learners to test the practical application of the knowledge imparted, participate in analysing case studies, conducting field visits and prepare individual technical reports on the various themes covered. Mastering of the curriculum will provide learners with the ability to reflect critically on theory of industrial policy and its application. They will be able to deal with complex issues both systematically and creatively, design and critically appraise research, make sound judgments using data and information using the econometric techniques learned and communicate their conclusions clearly to specialist and non-specialist audiences.

Rationale:
The major challenge facing Africa in the first decade of the 21st century is to reverse the trend of economic decline which has afflicted the region since the 1970s and to strengthen the capacity of the economies for participation as effective partners in the global economy. The challenge of African development has been compounded by the combination of rapid changes in technology and continued liberalisation of world trade in the process of globalisation.

The Rationale for this qualification is to effectively address the developmental challenges of the 21st century by strengthening the capacity of the relevant officials of African countries to conceptualise, design, implement, monitor and evaluate the efficacy of appropriate industrial policies to support the structural transformation of the economies of the continent. The qualification will enhance the adoption of industrial policy, build the capacity of new authorities and assist in advocating the implementation of the industrial policies to the benefit of African economies. The specific objectives of the qualification are primarily to:
  • Capacitate learners in the conceptualisation, design, implementation, monitoring and evaluation of industrial policy.
  • Strengthen the understanding of learners of the core challenges of industrialisation within the context of global competitiveness.
  • Familiarise learners with alternative conceptual frameworks for industrial policy.
  • Reinforce the capacity of learners to develop the necessary analytical frameworks for the design of a competitive industrial economy on the continent.
  • Provide learners with comparative knowledge of comparative historical experiences of industrialisation, with a view to drawing appropriate lessons for the African environment.
  • Reinforce the knowledge of learners on core conceptual, theoretical and methodological issues in industrial policy design and implementation.
  • Improve the skills of learners with regard to the core instruments of industrial policy formulation, monitoring and evaluation.

    The qualification is expected to provide mid-career and senior officials drawn from relevant ministerial and extra-ministerial departments from across Africa with knowledge about industrial policy formulation and application. In addition, the following benefits are expected to flow from the qualification:
  • Increased awareness among learners regarding the importance of industrial policy for economic diversification, structural transformation, economic growth and poverty reduction.
  • Improved knowledge about the prerequisites and conditions for the development and implementation of effective and sound industrial policies and strategies.
  • The direct equipping of learners/officials at an appropriate level of seniority and responsibility with enhanced skills for industrial policy design, monitoring and evaluation.
  • Enhanced knowledge of current challenges and initiatives concerning industrial policy in Africa.
  • A better appreciation of comparative experiences of industrialisation from other developing regions of the world and the implications of those experiences for Africa. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Recognition of Prior Learning:
    The University accepts Recognition of Prior Learning (RPL) as an integral part of education and academic practice. It is acknowledged that all learning has value and the University will assess prior learning and award credit that is aligned to the University's qualifications to promote lifelong learning.

    The purpose of the University RPL policy which directs the institution's RPL procedure is to recognise prior learning in order to provide for access into qualifications, grant advanced placement in qualifications and grant credits for modules on the principles and processes that serve as the basis for institution specific RPL practices.

    Entry Requirements:
    An applicant should possess a relevant qualification in Economics or Econometrics at NQF Level 8. Alternatively any other four-year qualification or Postgraduate Diploma at NQF Level 8 and related Micro- and Macroeconomics and Industrial policy or related experience. Preparatory study and an entrance examination may be required by the Department of Economics and Econometrics. 

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification consists of seven compulsory and one optional modules at NQF Level 9, totalling 180 Credits.

    Compulsory modules:
  • Research Methodology of Economics, 10 Credits.
  • Industrial Policy: Comparative Historical Experiences and Conceptual Frameworks, 20 Credits.
  • Microeconomic Issues in Development, 20 Credits.
  • Macroeconomic Issues in Development, 20 Credits.
  • Topics in Trade and Industrial Policy, 10 Credits.
  • Industrial Policy: Instruments, Design and Implementation, 20 Credits.
  • Minor Dissertation: Industrial Policy, 60 Credits.

    Optional Modules (select one):
  • Applied Econometric Techniques, 20 Credits.
    Or
  • Advanced Practice of Industrial Policy, 20 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    The qualifying learner should be able to:
    1. Conceptualise, design, implement, monitor and evaluate industrial policies.
    2. Critically evaluate alternative conceptual frameworks for industrial policy.
    3. Demonstrate knowledge of comparative historical experiences of industrialisation.
    4. Demonstrate an advanced understanding of the operational aspects of industrial policy.
    5. Discuss macroeconomic and microeconomic issues that are relevant to economic development in general and to industrial policy in particular.
    6. Demonstrate an ability to reflect with self and others, critical of own and other peoples thoughts and actions, and capable of self-organisation and working in groups.
    7. Demonstrate consciousness of, and engagement with, own learning and learning strategies, and awareness of the nature of knowledge and how new knowledge can be acquired.
    8. Conduct research related to industrial policy. 

    ASSOCIATED ASSESSMENT CRITERIA 
    These Assessment Criteria are applicable across the whole range of Exit Level Outcomes in an integrated way:
  • Complex problems are identified, analysed and addressed by drawing on knowledge and econometric methods of a specialist area of industrial economics.
  • Solutions demonstrate insight into the complexity of industrial economics and the formulation of industrial policy.
  • Research is informed by industrial economic theory and policy.
  • The importance of industrial policy for economic diversification, structural transformation, economic growth and poverty reduction is interrogated through multiple sources of knowledge.
  • The research problem is defined, the appropriate research design chosen and executed with the proper methodology; and a scientific minor dissertation is witten with a specific focus on industrial economics and industrial policy in Africa.
  • Complex problems are identified, analysed and addressed by drawing on knowledge and methods of a specialist area of industrial economics and policy.
  • Research is conducted competently using methodologies appropriate to industrial economics and policy research.
  • Research findings are presented and reported according to prescribed academic conventions.
  • Research findings offer insights and rigorous interpretations of problems and issues related to a specialist area of industrial economics and policy.
  • Advisory services for African governments and regional organisations are rendered to promote original thinking and research on Africa's policy issues.
  • Presentations should demonstrate insight, rigorous interpretations and solutions to problems through debate on African development issues and the upholding of the economic independence of African countries, in the context of industrial economics and the importance of industrial policy.
  • An assessment of the impact of industrial projects and policy, interventions and the physical impact on the local environment can be evaluated in view of deteriorating environmental conditions in and around industrial zones and integration of international economies.

    Integrated Assessment:
    All of the proposed modules for this qualification will be continuously assessed. Continuous assessment includes formative and summative assessment.

    Formative assessment will include:
  • Seminars, group discussions, debates.
  • Econometric practical classes and tutorials.
  • A Research essay.
  • Regular written assignments.

    Summative assessment will include:
  • Tests and assignments.
  • Case studies.
  • Critical reviews of policy documents.
  • Final assessment.
  • Econometric modelling assignments.
  • Proposal for minor-dissertation.
  • Presentation of proposal.
  • Formal assessment report by internal and external assessors. 
    		•

    INTERNATIONAL COMPARABILITY 
    The qualification was compared to the following similar international qualifications:.

    Nottingham University in the United Kingdom offers a Master of Science in Industrial Economics, Innovation and Policy which aims to bring learners to the frontier of knowledge about industrial dynamics, innovation, regulation and policy.

    Compulsory Modules:
  • Industrial Economics.
  • Research Methods for Industrial Economists.
  • Quantitative Techniques for Industrial Economists.
  • Managerial Economics.
  • The Economics of Innovation.
  • Industrial Policy and Regulation.

    Optional Modules (at least one but not more than two mudules must be chosen from the following):
  • Accounting, Auditing and Control for Sustainability.
  • Corporate Governance.
  • Corporate Risk.
  • Corporate Strategy.
  • Financial Econometrics.
  • Financial Reporting.
  • Innovation and Policy.
  • Public Services Management.
  • Quantitative Risk Management.
  • Risk Management in Financial Institutions.
  • Theory of Risk and Insurance.
  • Venture Capital, Corporate Restructuring and Entrepreneurship.

    The University of Valencia in Spain offers a Master in Industrial Economics which consists of:
  • An Instrumental Module.
  • An Analytical/ Conceptual Module.
  • Specialised Subjects.
  • A Masters final product.

    The Universidad Carlos III de Madrid in Spain offers a Master in Industrial Economics and Markets.

    First year, first semester:
  • Microeconomics I: Markets and Market Failures.
  • Game Theory.
  • Econometrics I: Multiple Regressions and Inference.
  • Statistics, Probability and Multivariate analysis.
  • Business and Finance I: Business Economics and Financial Analysis.

    First year, second semester:
  • Microeconomics II: Economics of Information.
  • Econometrics II: ARIMA, VAR and Cointeration.
  • Microeconometrics.
  • Business and Finance II: Assessment of Financial Assets.
  • Cost-Benefit Analysis.

    Second year, semester 1:
  • Industrial Organisation I: Theory and Regulation.
  • Business and Finance II: Risk management in non-banking entities.
  • 2 Specialisation courses.
  • 1 Other Graduate course.
  • Practice I: Internship and Research.

    Second year, semester 2:
  • Industrial organisation II: Empirical models.
  • 2 Specialisation courses.
  • Other graduate course.
  • Seminars on competition policy.
  • Practice II: Internship and Research.

    Conclusion:
    There are a very few institutions that specialise in industrial economics and policy at a Master's level. Institutions normally offer a Master in Economics with generic subjects and one or two electives on Industrial Economics or Competition Economics. The Master in Industrial Economics and Markets in Madrid is close to the South African qualification and offers the same core areas. The Madrid qualification consists of a larger number of modules but which are worth only six credits. 
    		•

    ARTICULATION OPTIONS 
    This Qualification articulates horizontally with the following at NQF Level 9:
  • A Master of Philosophy in Business Management.
  • A Master of Philosophy in Commerce.
  • A Master of Philosophy in Development Finance.

    The Qualification articulates vertically with the following at NQF Level 10:
  • A Doctor of Philosophy in Development Studies.
  • A Doctor of Philosophy in Economic and Management Sciences.
  • A Doctor of Philosophy in Commerce. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2015. 

    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. University of Johannesburg 


    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.