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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 THAT HAS PASSED THE END DATE: 

Bachelor of Economics 
SAQA QUAL ID QUALIFICATION TITLE
8613  Bachelor of Economics 
ORIGINATOR
University of the Free State 
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  536  Level 6  Level N/A: Pre-2009 was L6  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Passed the End Date -
Status was "Reregistered" 		 SAQA 06120/18  2018-07-01  2018-12-31 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2019-12-31   2024-12-31  

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 
Apply educational knowledge, skills, principles and methods in a general management function required by business and corporate sectors in an economic, business, banking and financial environment at middle management level.
  • Responding to the needs of the community
  • Responding to business and industry needs
  • In the private sector
  • In economic, business and financial environments
  • In life-long learning and the appreciation of the value of education and society

    Qualifiers will demonstrate knowledge, skills and applied competence in the field of study that provide opportunities for continued personal growth, gainful economic activity and rewarding contributions to society. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • Learners who register for this qualification can:
  • Learn from predominantly written material
  • Communicate what they have learnt comprehensively in the medium of instruction
  • Learn and take responsibility for their own progress
  • Recognition of prior learning.

    The qualification recognises formal and non-formal prior learning (incorporating experiential learning) at a Further Education and Training Certificate Level 4 or a functional equivalent. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    EXIT LEVEL OUTCOMES 
    The planned combination of learning outcomes are integrated with critical cross-field outcomes for this Qualification:

    Practical Competency

    The demonstrated ability/skill to achieve the major Skills/Applied Competency of the qualification.

    Foundational Competency

    The demonstrated understanding, by the Learner, of the embedded knowledge that underpins the end result/outcome.

    Reflective Competency

    The demonstrated ability/skill to integrate or connect our performances and to reflect on, evaluate and adopt the above competencies.

    To successfully complete the qualification the learner will have to demonstrate his/her learning via module specific learning outcomes as well as critical cross-field learning outcomes.

    Module specific outcomes will include capabilities relating to module knowledge and the understanding thereof within a management leadership context and capabilities relating to integrated knowledge and skills from a variety of disciplines within the management leadership field.

    Critical cross-field outcomes will include those specified in the learning outcomes for approved modules in the certificate and as appropriate to the learner's field of practice.

    1. Demonstrating and applying practical and theoretical knowledge of micro and macro economy.
    2. Analysing economic policy making.
    3. Integrating and applying marketing and financial principles.
    4. Executing financial and investment decisions based on strategic management principles.
    5. Demonstrating management and analytical skills tin the fields of money and banking, economics and business management.
    6. Commanding the principles of banking management.
    7. Demonstrating theoretical and practical knowledge of the fundamentals and basics of economics and banking management.

    The learner will be able to analyse and apply the basic principles relevant to the following:

    1. Apply the principles of supply and demand.
    2. Analyse the application of different economic policies:
  • Monetary policy
  • Fiscal policy
  • Development policy
  • Labour policy
    3. Evaluate the budget process and national income.
    4. Generate business ideas.
    5. Analyse the marketing environment and compile a marketing plan.
    6. Compose a budget and financial plan.
    7. Formulate and implement suitable business strategies.
    8. Analyse the creation and control of money.
    9. Communicate at middle management level in the business and corporate sector. 
    		•

    ASSOCIATED ASSESSMENT CRITERIA 
    A learner should provide evidence of learning competency (knowledge, skills and attitude) by means of the following:

    1. A written report on micro and macroeconomic conditions, compiled/drafted according to set standards.
    2. Business, marketing and financial plans compiled according to set standards.
    3. A risk profile of a bank completed according to set standards.

    Integrated assessment
  • Competence is achieved, through continuous assessment by demonstrating the ability to achieve the outcomes of the outcomes of the Qualification
  • Written tests and examinations.
  • Written assignments.
  • Discussion groups.
  • Case studies.
  • This will be supported by a module credit system, followed by a final exam on the modules for which credit was not obtained
  • Assessment documents are moderated to ensure that:
  • They conform to the scope and context of the competency as stipulated in the qualification
  • They are constructed in such a way that the Assessor assesses the critical outcomes applied, during the Learners activity performances, towards achieving an outcome.
  • Assessments are:
  • To include confirmation of the Embedded Knowledge component to ensure that the Foundational Competency is achieved
  • To be verified by Internal Verifiers to ensure valid, credible, true and fair results 
    		•

    ARTICULATION OPTIONS 
    Vertical: It gives access to related post-graduate studies at Honours level.
    Horizontal: It gives access to other related degrees and B.Com. degrees of other SA univresities. 

    MODERATION OPTIONS 
  • A system of external peer review and evaluation of departments including evaluation of the standards and assessment practices per Department.
  • Qualifications: The minimum academic and workplace experience requirements at a level above the level of moderation.
  • Appropriate professional criteria will be drafted in the case of workplace assessment
  • Mentorship: All junior and new members of staff are mentored by senior members as they work together in teams. All assessment done by external assessors is quality controlled by internal staff.
  • Any moderation criteria as determined by the ETQA. 
    		•

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    The academic staff of the University of the Free State complies with standards set by Senate and will exercise their assessment within the approved quality assurance system of the University. Assessors will also meet all criteria as stipulated by the relevant ETQA.

    Assessors are:
  • Subject matter specialists
  • Registered with the awarding body
  • Accredited by the awarding body after achieving competency against Unit Standards of competence for Assessors
  • To be administrated, advised and coached by an Internal Verifier 
    		•

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2006; 2009; 2012; 2015. 

    NOTES 
    N/A 

    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
     
    LP ID Learning Programme Title Originator Pre-2009
    NQF Level    		 NQF Level Min Credits Learning Prog End Date Quality
    Assurance
    Functionary    		 NQF Sub-Framework
    116957  Bachelor of Economics in Education  University of the Free State  Not Applicable  NQF Level 07  360       HEQSF 


    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.