UFH Department of Economics Undergraduate Courses

The Undergraduate Economics is offered at a number of distinct levels.

The Economics 1 course provides an introduction to the study of Economics and can be taken as a stand-alone course.

In Economics 2, the theory of the first year is built upon and expanded to cope with more complex analysis. Economics up to the second year of study (Economics 2) is compulsory in Commerce curricula and may be taken as a major subject for the degrees: Bachelor of Commerce, Bachelor of Administration, and Bachelor of Social Sciences.Other second majors commonly taken with Economics include: Accounting, Information Systems, Legal Theory and Management, but Economics is also useful when combined with any one of a wide range of other subjects including Industrial Sociology and Psychology.

Economics 3 gives a far more practical exposure to Economics and leaves the learner with a solid grasp of Economics in the real world. At this level learners are able to choose career- orientated specialization topics in Economics.

Entry requirements

Admission into the ordinary degree is subject to a successful matriculation in approved subjects, including a D or level 4 (50 – 59) in English Language and Mathematics. The minimum average APS score should be 26. Selection is based on merit.

Check Out: UFH Department of Economics Postgraduate Courses

 

1.4.1    Bachelor of Commerce – Majoring in Economics (60016)

 

1st Year	2nd Year	3rd Year
Core Modules Economics 1 (Micro & Macro) General Accounting 1 Management 1 Maths & Statistics Computer Literacy Fundamentals of Information Systems	Core Modules Life Knowledge Action Economics 2 (Micro & Macro) Mathematical Economics 2 Operations Management	Core Modules (First Semester) Advanced Macro and Micro Economics Public Finance Introduction to Econometrics International Trade and Policy Labour Economics Money, Banking & International Finance Professional Communications
	Electives   Development Economics 2 Agricultural Economics 2 Information Systems 2 Databases	Electives Information Systems Enterprise Information Systems Transport Economics Marine Economics

The department also offers an undergraduate extended programme (foundation). In the first year the students will be expected to undertake various modules at foundation phase depending on the campus:

BACHELOR OF COMMERCE MAJORING WITH ECONOMICS FIRST AND SECOND YEAR FOUNDATION COURSES (60015) 400 CREDITS

Entry requirements

Admission into the Bachelor of Commerce degree (Foundation phase) English Level 4 (50 -59)

Mathematics Level 3 (40 – 49) or Maths Literacy Level 5 (60 -69). APS score 26.

Period: Semester	Module Details		Alice Campus		EL Campus
	Title	Cr.	Code	CG	Code	CG
1:1	Business Mathematics 1A	0	AMB111F	A	AMB111L	A
1:1	Business English 1A	0	AEB111F	A	AEB111L	A
1:1	Introduction to Business Management 1.1A	8	BEC111F	F	BEC111L	A
1:1	Introduction to Computers & Computing	8	CLT111F	A	CLT111L	A
1:1	Introduction to Economics 1.1A	8	ECO111F	B	ECO111L	A
1:2	Business Mathematics 1B	0	AMB111F	A	AMB111L	A
1:2	Business English 1B	0	AEB111F	A	AEB111L	A
1:2	Introduction to Economics 1.1B	8	ECO121F	B	ECO121L	A
1:2	Introduction to Business Management 1.1B	8	BEC121F	F	BEC121L	A

 

Generally from third year Foundation students will be doing the same courses with the mainstream Bachelor of Commerce

CAREER OPPORTUNITIES IN ECONOMICS

Knowledge of Economics is useful for a career in finance, industry, commerce and public administration and is invaluable to anyone interested in understanding the forces underlying social, political and economic change in South Africa, Africa and beyond. Training in Economics today is an increasingly valuable employment qualification in both the public and private sectors. Companies need people who can see the “big picture”.

Economists are sought after in many spheres of business and are especially important to large industry. Economics is not just useful to those who aim to achieve in the business world; it is useful for everyday activities, such as understanding why the price of petrol is consistently increasing despite the attempts made by government to reduce it, etc.