The undergrad degree is offered over a period of three (3) years full-time only, and students will be able to obtain a strong grasp of the fundamentals of economics from an elementary to an advanced level. The main aim is to provide knowledge, insight and understanding of the principles and practices of micro and macro-economic procedures prevalent in economics. This will stimulate independent thinking skills by enhancing critical evaluation skills that will enable students to innovatively address the socio-economic challenges of the 21st century.

1. National Senior Certificate
   A National Senior Certificate (NSC) with a bachelor’s degree, or a diploma, endorsement or an equivalent qualification, with an achievement rating of at least Mathematics 3 (40-49%) or better, English 4 (50-59%) or better, and mathematical literacy 5 (60-69%) or better. Admission Point Score (APS) of at least 25 and above, all subjects the applicants do are considered for APS calculation.
2. National Certificate (Vocational)
   National Certificate (Vocational) at NQF Level 4 with a bachelor’s degree or a diploma endorsement and 60% pass in three (3) fundamental subjects, including LOTL, 70% pass in three (3) compulsory vocational subjects, 50% or better for Mathematics and 60% or more for Mathematical literacy.
3. Diploma in Economics or Related Field
   National Diploma at NQF Level 5, issued by the Council for Quality Assurance in General and Further Education and Training (Umalusi), with at least 40% (APS of 3) for Economics at NQF level 5 averaged from the combination of N4 Economics and N5 Economics and N6 Economics at NQF level 5. Applicants will be exempted from certain NQF Level 5 modules for passing the N4/N5/N6 modules. As such, applicants will be admitted at the second level of the study.
4. Old Senior Matric Certificate (SMC)
   A senior certificate or equivalent qualification with matriculation exemption, Mathematics and English pass: HG-E or SG-D.
5. Recognition of Prior Learning (RPL), equivalence and status: Work-related experience
   Applicant with experience in the relevant field of study with a minimum of at least three years or more

A student-centred technology-infused teaching & learning strategy that accommodates a diversity of students. These will include a range of teaching and learning styles that accommodate various skills, knowledge and abilities.

The overall assessment strategy in the curriculum and materials development stage of module development includes the module assessment criteria, as well as the formative and summative assessment, and moderation to be done in each module (WSU Assessment Policy, 2022).

Formative assessment measures students’ learning progress to provide ongoing and incremental feedback. It includes a range of formal and informal assessments typically to monitor the progress being made towards achieving learning outcomes and obtaining a year/ semester mark or predicate, i.e. admission to the summative assessment (WSU Assessment Policy, 2022).

Summative assessment takes place after the learning has been completed, i.e. at the end of a quarter, semester, or year, and provides information and feedback summarising the teaching and learning process. The intention behind summative assessment is to validate performance and award marks and results (WSU Assessment Policy, 2022)

PROGRESSION TO STUDY LEVEL 2

1. ACCUMULATION OF 60 CREDITS OR MORE AND PASSING A MAJOR SUBJECT
   • A student will be allowed to proceed to the next level of study if 50% or more of the first-year registered modules/courses are passed, including Economics 1 (semesters 1 and 2), a major subject.
   • The student will have accumulated 60 or more credits.
   • Where a student accumulates 60 or more credits but has not passed the major subjects, the student will only progress to the second level but register for electives.

PROGRESSION TO STUDY LEVEL 3

• The student must have accumulated 120 credits or more.
• Progression to the third level, when a student has passed Economics 2 with 6 compulsory modules. (62 credits or more)

✓ Economics 2 first semester modules
Micro-Economics with 15 credits
Mathematical Economics with 8 credits
Labour Economics with 8 credits

✓ Economics 2 second semester modules
Macro Economics with 15 credits
Health Economics with 8 credits
Development Economics with 8 credits

ACCUMULATED 120 CREDITS OR MORE BUT HAS NOT PASSED THE MAJOR SUBJECT

• The student will be allowed to register for electives.

BCom Honours in Economics, Postgraduate Diploma in Economics, or any other related postgraduate programme (with Microeconomics, Macroeconomics, and Econometrics)

G7.4 Grounds for Academic Exclusion A student who fails to attain the minimum credit requirements at the end of any year of study as stipulated in all the tables above and/or, where applicable, is not on track to attain in the required time the exit-level courses (e.g. major subjects) necessary for obtaining the qualification, will be excluded. Please see the WSU General Prospectus, which explains the grounds for academic exclusion in great detail, available at https://www.wsu.ac.za/index.php/en/study-with-us/2024-prospectuses?layout=table

The program is designed to empower students with the skills and knowledge to transform scarce resources into valuable commodities, create jobs, and improve the standard of living for the people. Economics is the study of how, where, and why money and resources are produced, spent, and allocated by government and businesses, as well as how this helps and affects the lives of individuals. Critical thinking and problem-solving skills.