After the successful completion of the programme, the student will receive a certificate (NQF level 5) issued and endorsed by the UFS. Recognition to the Higher Certificate in Management Development is available.
In this programme participants will learn to:
- Understanding how the economy works and explain how interest rates are determined, why there is an increase or decrease, and when an increase or decrease can be observed.
- Explain how exchange rates are determined, and why and when they can change.
- Think and reason about macro-economics.
- Understand globalisation and its effect on the South African economy.
- Identify factors influencing price sensitivity for a specific product.
- Understand how the market forces of demand and supply interact to determine price and output.
- Comprehend how market power and price regulation (such as price ceilings and price floors) impact on price and output levels of a specific product.
- Discern the functions and definitions of money and explain the creation and control of money.
- Distinguish between the money and the capital market.
- Identify and discuss the financial instruments.
- Highlight and explain the various financial institutions and their operations.
- Apply instruments of monetary policy in the South African context.
- Explain important exchange rate determinants.
- Understand the political economy of South Africa.
- Factors influencing price sensitivity for a specific product.
- The interaction of market forces of demand and supply in order to determine price and output.
- The impact of market power and price regulation (like price ceilings and price floors) on price and output levels of a specific product.
- The interrelation of key concepts such as economic growth, inflation, interest rates, exchange rates, etc. in the macro-economy.
- Globalisation, its economic impact and the key forces that are driving it.
- The different financial institutions.
- Advantages of financial institutions and markets.
- The role of the different types of financial instruments in the operation of a modern economy.
- The different types of financial markets, such as primary and secondary markets, money markets, capital markets, debt markets and foreign exchange markets.
- The role and functions of the South African Reserve Bank.
Your Lecturer for this online Programme: Economics & Banking for Managers
Dr Liezel Alsemgeest
Liezel completed her PhD thesis titled: The drivers of customer perception and sustainable profitability of an agricultural business in South Africa in 2011. She is also a lecturer for the first year B.IURIS students at the Centre for Financial Planning Law, as well as a Certified Financial Planner (CFP®). Her research mainly focuses on personal financial management and agricultural businesses.