To influence modern society, an economist applies what he or she has learned about the production, consumption, and transfer of wealth.
The rise and fall of governments, as well as the physical growth of countries, are all influenced by economic factors. Individually, economics can help feed starving people, start green energy revolutions, and give consumers more control over their financial futures through innovative microloan products.
In order to fully realize the potential of economics, we need economists. In order to gather information, they conduct surveys, analyze the data, and then communicate their findings to businesses, governments, and the general public. Analysis of a company’s or a government’s goals can also be used to recommend action plans that are tailored to their specific needs.
According to the Bureau of Labor Statistics, the number of jobs for economists is expected to grow by 14 percent between 2019 and 2029, which is substantially faster than the average for all occupations in the United States (BLS 2020).
Competition for positions as an economist has become increasingly fierce, and those with a master’s degree or a PhD are more likely to acquire them.
Prerequisites for Studying Economics in SA
Definition of Economics
Economists study the production, distribution, and consumption of commodities. It’s all about the behavior and interactions of economic actors and the way that economies run.
Economic Studies in South Africa: What Are the Requirements?
BAgric Agri-business Management is one program that leads to a degree in Agricultural Economics.
Bachelor of Science in Agricultural Economics
Graduate Certificate in Applied Economics and Management of Agriculture
Master of Science in Agricultural Economics and Food Science
BScAgric Food Science and Agricultural Economics
Applicants for university studies must meet the following basic requirements:
Bachelor’s degree entrance requires a National Senior Certificate (NSC) or an Independent Examinations Board (IEB) school-leaving certificate recognized by Umalusi.
A certificate awarded by the South African Matriculation Board to students who have completed high school but have not yet been accepted into a university.
A bachelor’s degree requires a minimum of the following grades:
Thirty percent for English or Afrikaans as a medium of instruction and learning in South Africa;
Accomplished in four 20-credit courses with a rating of 4
Students who want to study AgriSciences at the School of Tomorrow must take the National Benchmark Tests (NBTs).
Requirements for agricultural economics programs at the university level
In the NSC, IEB, or other final school exam, a score of at least 60% is required.
After adding together your top score in the Language of Learning and Teaching (Eng/Afrikaans) class, you’ll get your average (5 x best results in 20-credit subjects excluding Life orientation and Mathematics 3). The NSC average is equal to the sum divided by six.
Afrikaans (Home Language or First Additional Language) 3 (50 percent )
The fifth grade math course (60 percent )
physics and chemistry (50 percent )
Applicants for the BAgric Agri-business Management program who do not have a background in physical sciences may be offered admission (i.e. students must have obtained an average of at least 60 percent and Mathematics at least 60 percent ). Ghafsa Gamiet, the faculty administrator, can be reached at ghgamiet@sun.ac.za.
The Faculty of AgriSciences’ selection guidelines and admission policy for undergraduate programs state that all programs are selection programs, and applicants must follow those requirements when submitting an application. There’s a lot more information on this topic at: http://matiesenglish.maties.ac.za
Colleges and universities in South Africa that teach economics
- Department of Economics, University of Pretoria (UP)
- The Department of Economics at the University of the Witwatersrand
- Department of Economics of Stellenbosch University
- The Department of Economics at the University of Western Cape
- Economics at Rhodes University
- Economics Department, University of Pretoria, South Africa
To become an economics professor in South Africa, what classes must one take?
A bachelor’s degree in economics and an honors degree in economics are the basic requirements for becoming an Economist (1 year). A Bachelor of Social Science, a Bachelor of Commerce, or a Bachelor of Science in Business can all have an Economics concentration.
In South Africa, what are the prerequisites for pursuing a degree in economics?
Economics 101: A Step-by-Step Guide
A Bachelor’s degree is the first step (Four Years)
the next stage entails conducting a search for internships available (One to Two Years, Optional)
A Master’s degree is the third step (Two Years)
Getting a Job is the fourth and last step (Timeline Varies)
Step Five: Think about pursuing a doctorate in philosophy (Four to Seven Years, Optional)
What South African universities offer economics degrees?
Which South African universities offer economics degrees? As a division of The Independent Institute for Education’s (The IIE) MSA division, IIE MSA is a leading name in higher education. IIE MSA students can pursue a Bachelor of Commerce in Economics degree with a concentration in Economics if they like.
Do South African economics programs require mathematics to be taken?
There are a plethora of employment paths available to you if arithmetic isn’t your strong suit. Many languages, including national and international ones, can lead to a successful profession. You have the option of studying law or other related fields such as psychology, politics, sociology, etc.
What are the prerequisites for studying Economics in South Africa?
- At college, I’m taking classes in economics.
- Economics-specific mathematics.
- The study of microeconomics.
- The exchange of goods and services across national borders.
- The fundamentals of monetary policy.
- Econometrics.
- The financial sector.
- History of the economy.
- Economics of management and industry.
South African economics requires what kind of math skills?
Advanced calculus, differential equations, linear algebra, and basic probability theory are required by most economics Ph.D. programs. There are many applicants who have taken a real analysis course.
Is economics difficult to learn in South Africa?
As with any other difficult academic subject, economics—despite being a social science—can be challenging and time-consuming. In order to do well in economics, you’ll need a lot of effort, as well as a disciplined study routine.
