Faculty of Economic and Management Sciences pdf

The Faculty of Economic and Management Sciences, established in 1925, is the lar- gest of the ten faculties of the University. It consists of the following eight depart- ments: Accounting, Business Manage- ment, Economics, School of Industrial Psychology, Logistics, Public Management and Planning, Statistics and Actuarial Sci- ence and the University of Stellenbosch Business School. The Faculty occupies three buildings on the main campus at Stellenbosch, while the postgraduate programmes of the Business School and the School of Public Management and Planning are offered on the Bellville Park Campus. Both campuses have modern librar- ies and modern technological facilities. The Bellville Park Campus also offers up-market accommodation. Our departments offer postgraduate pro- grammes of the highest quality. This is borne out by, for example, internationally sought-af- ter accreditations such as EQUIS (European Quality Improvement System) and AMBA (As- sociation of MBAs) for the University of Stel- lenbosch Business School. Our training for professional registration in specialist fields such as Accounting and Actuarial Science enjoys national and international accredita- tion by professional institutes and our stu- dents’ performance in external examinations is proof of the quality of our programmes. In a similar vein our programmes in Industrial Psy- chology and Human Resource Management are acknowledged by professional bodies. In other disciplines, excellent quality of tuition is ensured by cooperation agreements; these cover matters such as the exchange of stu- dents and teaching staff, and joint research projects with internationally recognised aca- demic institutions. PROGRAMMES AND QUALIFICATIONS 30 Accounting 31 Financial Planning 31 Marketing 36 Actuarial Science 33 HIV/Aids Management DEPARTMENT NO. / FIELD OF STUDYQUALIFICATION Postgraduate diplomas Honours degrees 30 Accounting 36 Actuarial Science 31 Business Management (Modules: financial management, institutional investments, mar- keting management, quantitative investment management and quantitative analysis) 32 Economics 32 Economics and Mathematical Statistics 30 Financial Accounting 31 Financial Analysis (Modules: as for Busi- ness Management) 36 Financial Risk Management 33 Human Resource Management 33 Industrial Psychology 34 Logistics Management 30 Management Accounting 36 Mathematical Statistics 34 Operations Research 35 Public Administration 35 Public and Development Management 36 Statistics For more information Ms Nazli Daniels Tel: +27 (0)21 808 4836 E-mail: ndaniels@sun.ac.za Faculty of Economic and Management Sciences 28 29 QUALIFICATION BPhil degrees Master’s degrees PhD degrees 34 Maritime Studies 34 Transport and Logistics Studies 35 Sustainable Development Planning DEPARTMENT NO. / FIELD OF STUDY All fields of study mentioned under Honours and BPhil degrees PLUS: 30 Auditing 37 Business Management and Administration (MBA) 37 Coaching 30 Computer Auditing 37 Development Finance 35 Development Planning 32 Economic Policy 35 Environmental Management 37 Futures Studies 33 HIV/Aids Management 30 Taxation All fields of study mentioned under Master’s degrees, except for Economic Policy 30 DEPARTMENT OF ACCOUNTING For more information See phone numbers under program- mes Fax: +27 (0)21 886 4176 Web site: www.sun.ac.za/accounting The Department focuses mainly on training professional accountants. Its programmes therefore satisfy the requirements of various professional bodies. Students may also do re- search in one or more of the following: Auditing, Financial Accounting, Man- agement Accounting or Taxation. Chartered Accountants This profession is controlled by the Independent Regulatory Board for Au- ditors (IRBA), and the South African Institute of Chartered Accountants (SAICA). To qualify as a Chartered Ac- countant, a candidate must pass the Part 1 Qualifying Examination (QE) set by SAICA and the Part 2 Public Prac- tice Examination set by IRBA or the Part 2 Financial Management Exami- nation set by SAICA. Candidates may specialise in either Public Practice or Financial Management. To gain admission to the QE, the BAccHons degree or the Postgradu- ate Diploma in Accounting (PDA) is required. To gain admission to the Part 2 Pub- lic Practice Examination, a candidate must have passed the QE, articled for 18 months at an accredited auditing firm in public practice and success- fully completed a preparatory course in Public Practice with an accredited educational body. To gain admission to the Part 2 Finan- cial Examination, a candidate must have passed the QE, articled for 18 months with an accredited training of- fice outside public practice and suc- cessfully completed a preparatory course in Financial Management with an accredited educational body. Enquiries: William Brown Tel: +27 (0)21 808 3423 E-mail: wb@sun.ac.za Chartered Management Accountants The internationally recognised quali- fication of Chartered Management Accountant is obtained by passing the examination set by the Chartered Institute of Management Accountants (CIMA) in London. Our modules for the BCommHons (Management Accounting) comply with the CIMA requirements. Students who have obtained this BCommHons after completing a BComm (Manage- ment Accounting) degree at Stellen- bosch University are exempted from CIMA’s first two examinations and may sit for CIMA’s final examination imme- diately. Enquiries: Flippie Wessels Tel: +27 (0)21 808 3437 E-mail: plw@sun.ac.za Certified Accountant The internationally recognised quali- fication of Certified Accountant is ob- tained by passing the examinations set by the Chartered Association of Certified Accountants (ACCA) in Lon- don and complying with the require- ments set for practical experience. Our modules for the BComm (Financial Accounting) are recognised by ACCA. Students who have obtained this BComm are exempted from ACCA’s first nine subjects (maximum exemp- tion that could be granted) and may sit for the remaining five subjects at two exam sessions. Please note: Our BCommHons (Financial Ac- counting) programme is in abeyance, but will be offered again once external accreditation at IRBA is finalised by ACCA. Students who have obtained the BComm (Financial Accounting) degree will be accommodated in the BCommHons (Manage- ment Accounting) programme. Please contact the number below for more information. Enquiries: George Nel Tel: +27 (0)21 808 3422 E-mail: gfn@sun.ac.za Training of tax specialists The programme for the qualifica- tions MAcc (Taxation) or MComm (Taxation) runs over two years on the Stellenbosch and Bellville Park Cam- puses and entails group discussions and research. Students must prepare for these group discussions, which are held twice a week. The research culminates in the writing of an assign- ment and an article for an accredited journal. Admission requirements for MAcc (Taxation): BAccHons, the PGDA or an equivalent. Admission requirements for MComm (Taxation): BComm LLB or an equiva- lent. Enquiries: Kobus van Schalkwyk or Linda van Schalkwyk Tel: +27 (0)21 808 3682 / 3434 E-mail: cjvs1@sun.ac.za or lvschalk@sun.ac.za Training of computer auditing special- ists The two-year MAcc (Computer Audit- ing) programme trains qualified char- tered accountants as specialists in computer auditing. The programme consists of a taught component (compulsory lectures once a month at the Stellenbosch Campus for a period of 18 months) and a re- search component (an assignment or article that can be published in an ac- credited journal). Admission requirements: BAccHons or equivalent and registration as a Chartered Accountant (SA). Enquiries: Pieter von Wielligh Tel: +27 (0)21 808 3846 E-mail: pvw@sun.ac.za 31 DEPARTMENT OF BUSINESS MANAGEMENT For more information Tel: +27 (0)21 808 2026 Fax: +27 (0)21 808 2226 E-mail: ablather@sun.ac.za Web site: academic.sun.ac.za/business/ *Modules suitable for international stu- dents This Department is well-established and well-known in the business world. Our highly skilled lecturers are at the forefront of developments in the busi- ness world. Consequently, we can of- fer programmes designed to develop skills currently much in demand in the modern business world (both nation- ally and internationally). Postgraduate diploma programmes The Postgraduate Diploma in Finan- cial Planning is offered full-time and prepares students for a sought-after career in financial planning in South Africa. The programme is accredited by the Financial Planning Institute of Southern Africa. Four modules (one per semester) are taught over a period of two years by means of lectures in the evenings at the Business School in Bellville. Examinations are taken in June and November. Our Postgraduate Diploma in Market- ing offers students with an acceptable Bachelor’s degree (also from other fields than economic sciences) the opportunity to specialise in marketing. It is a one-year full-time programme, offering lectures in the evening. Honours programmes The Honours programmes in Business Management and in Financial Analysis are offered full-time. The programme in Financial Analysis prepares stu- dents for the international qualification of Chartered Financial Analyst (CFA) of the CFA Institute. Lectures are dur- ing the day. Examinations are taken in June and November. Master’s programme The Master’s programme in Business Management is offered full-time (one year) or part-time (two years). Stu- dents write a thesis about any topic in business management. Doctoral programme This programme in Business Manage- ment may cover any topic in business management. Modules for honours programmes - Research methodology (compulso- ry): Focuses on the use of research to address issues effectively and practically and to aid efficient deci- sion-making. - Advanced marketing manage- ment*: Revises content annually, in line with changing circumstances in marketing, to focus on speciality fields of marketing such as green marketing, Internet marketing and consumer privacy. - Advanced strategic management*: Fosters a comprehensive grasp of strategic management and a criti- cal innovative ability to think in a transformative way about strategic management. - Derived financial instruments*: Fo- cuses on the theory and practice of derivative instruments such as for- wards, futures, options and interest rate swap contracts. - Fixed interest securities (bonds)*: Focuses on the different valuation techniques applicable to bonds, as well as aspects to be consid- ered when compiling a portfolio of bonds. - Financial management*: Focuses on such topics as fund flow analy- sis, financial strategy and the in- vestment decision. - International marketing*: Focuses on topics such as the international marketing environment, opportunity analysis and international market- ing research, and the formulation of global marketing strategies. - International business*: Provides students with the skills to analyse global business drivers, global stra- tegic levers and organisational fac- tors and to create decision-making alternatives. - Marketing communication*: Analyse marketing communication to devel- op technical and conceptual skills, especially in a multicultural environ- ment. - Marketing research: Leads stu- dents through the various phases of scientific research focused on gen- erating information that may assist in resolving marketing questions. - Portfolio management*: Focuses on portfolio management, the evalua- tion of portfolio return, the applica- tion of theory on the composition of portfolios, the selection of invest- ments and the evaluation of portfo- lio return. - Real estate investment and financ- ing*: Focuses on such topics as property economics, property in- vestment and the impact of capital gains tax, and property finance and securitisation. - Short-term insurance*: Focuses on aspects such as risk management, and fire, property and motor vehicle insurance. 32 DEPARTMENT OF ECONOMICS For more information Tel: +27 (0)21 808 2247 Fax: +27 (0)21 808 4637 E-mail: econ@sun.ac.za Web site: www.sun.ac.za/econ/ Brochures available *Medium of tuition is English and all programmes are suitable for interna- tional students This Department was established in 1920 and has a long tradition of re- search in macroeconomics, structural economic issues, and economic pol- icy formulation, implementation and assessment in the context of a devel- oping country. The Department offers a full-time, taught Honours programme in Eco- nomics in which candidates choose one of two broad options. Those who take the General Economics option gain a specialised knowledge of eco- 30 31 nomics and economic analysis. The Financial Economics option is career- oriented, preparing students for jobs in the financial sector of the economy. The Department also offers an Hon- ours programme in Economics and Mathematical Statistics. Covering a specialised study not only of econom- ics, but also of statistical inference, this programme equips students to analyse relationships in the economy. Building on from an honours degree, or its equivalent, students may choose between a research-based Master’s programme, requiring a thesis that is the result of independent research, or a taught Master’s programme. The lat- ter is a full-time programme that aims to produce competent professional economists who can be employed in the public and private sector. Stu- dents can opt for General Economics, or specialise in Economics of Educa- tion, Development Economics or in Trade and Industrial Policy. The Master’s programme in Eco- nomic Policy is a part-time, taught programme. Students attend lectures at the Stellenbosch Campus twice a year for two weeks at a time. It equips people who have not undergone spe- cialised training in economics, but who find themselves in careers that require an intimate knowledge of eco- nomic policy in all its applied fields, with the appropriate skills in the de- sign, implementation and assessment of economic policy. The highest qualification offered by the Department is a Doctorate in Eco- nomics by way of a dissertation. Exchange agreements exist with, among others, the Vrije University, and the Universities of Erasmus and of Maastricht. 33 DEPARTMENT OF INDUSTRIAL PSYCHOLOGY For more information Tel: +27 (0)21 808 3008 Fax: +27 (0)21 808 3007 E-mail: hhv@sun.ac.za Web site: www.sun.ac.za/industrial_ psychology/ Brochures available on the web site *On modules suitable for international students, contact the Department or the International Office. Industrial Psychology focuses on the optimal development and utilisation of human resources in the work environ- ment. The Department – the first of its kind in South Africa – has developed a tradition of academic excellence and strives to present top quality gradu- ates to all sectors of the South African economy. The Department would like to see its graduates addressing the prevailing business-related people management issues in such a way that they will earn the trust, respect and appreciation of top management. The BComm (Psych) and BComm- Hons (Psych) programmes comply with the requirements of the Health Professions Council of South Af- rica (HPCSA). The postgraduate pro- grammes in Human Resource Man- agement comply with the regulations of the South African Board of Person- nel Practice (SABPP). Honours, Master’s and doctoral stud- ies can follow on these undergradu- ate programmes: BComm (Human Resource Management), BComm (Psych), and BA (Human Resource Management). The first two pro- grammes resort under the Faculty of Economic and Management Sciences and the third resorts under the Fac- ulty of Arts and Social Sciences. All three programmes lead to registration in various categories with the SABPP and/or the HPCSA after postgraduate studies and approved practical work (internship). The Honours and Master’s pro- grammes in Human Resource Man- agement are presented full-time and part-time in English. Students on the part-time programme visit the Stel- lenbosch Campus for 5 weeks a year (over 2 years). The postgraduate programme in Industrial Psychology (BCommHons (Psych)) is presented full-time only. Our lecturers are scientists with wide-ranging practical experience. They are recognised by the SABPP and the HPCSA, and are registered in a variety of categories. Postgraduate Diploma in HIV/Aids Management This programme is offered part-time online (via the Internet) and supple- mented with interactive satellite broadcasts. Students attend a com- pulsory summer school of one week in January. The programme consists of 6 modules of 20 credits each. After completing the diploma students with an average of at least 60% can apply for the MPhil programme. Applications close 31 August. Fur- ther information and application forms available at www.aidscentre.sun.ac.za Enquiries: Renice Williams Tel: +27 (0)21 808 3002/3006/2964 E-mail: pdm@sun.ac.za MPhil in HIV/Aids Management The MPhil programme is an online (via the Internet) teaching programme supplemented with interactive satel- lite broadcasts. A limited number of students are selected on the basis of their academic performance. Stu- dents complete 4 modules of 20 cred- its each and a research project of 40 credits. Applications close: 30 October. Fur- ther information and application forms available at www.aidscentre.sun.ac.za Enquiries: Renice Williams Tel: +27 (0)21 808 3002/3006/2964 E-mail: pdm@sun.ac.za 34 DEPARTMENT OF LOGISTICS For more information Tel: +27 (0)21 808 2249 Fax: +27 (0)21 808 2409 E-mail: mmt@sun.ac.za Web site: www.sun.ac.za/logistics The Department, founded in 1960, is the oldest tertiary academic depart- ment in South Africa to offer tuition in logistics and transport. The following majors can be taken up to the PhD level: logistics, logistics management, operations research and transport economics. Programmes - BCommHons, MComm and PhD in Logistics Management or in Trans- port Economics or in Operations Research - BPhil, MPhil and PhD in Transport and Logistics Studies - BPhil, MPhil and PhD in Maritime Studies The BPhil, a residentially offered, one- year programme, is equivalent to an honours programme and can be read full-time or part-time. The admission requirement is a bachelor’s degree (no previous qualification in transport or logistics is required). After a BPhil the MPhil can be read in one year. 35 SCHOOL OF PUBLIC MANAGE- MENT AND PLANNING For more information See contact numbers under programmes Web site: www.sopmp.sun.ac.za The School is committed to communi- ty-focused, nationally and internation- ally competitive academic and profes- sional teaching, research and service delivery in the fields of planning, pub- lic management, public policy analy- sis, development and environmental management for the participative and equitable promotion of sustainable development. Consisting of different components, each with a distinct academic area of speciality, the School functions on both the Stellenbosch Campus and Bellville Park Campus of the University. The taught postgraduate pro- grammes in Public and Development Management are presented by way of lectures in one block presentation over seven days, complemented with interactive telematic broadcasts to lo- cations spread over Southern Africa. The taught, modular, postgraduate programmes in Sustainable Develop- ment Planning and Management and Environmental Management comprise the attendance of a block presentation of lectures and seminars over a period of two to three weeks at a time, com- plemented with study and assignment completion at home. The School has exchange agree- ments with universities in Argentina, the Netherlands, Germany, Sweden, Denmark, Italy, and the USA (Univer- sities of Rutgers and Wyoming). Eu- ropean students often take semester modules at Stellenbosch for credits towards the completion of their de- grees. Postgraduate programmes at Stel- lenbosch Campus Public and Development Management - BCommHons or BAHons (full-time and part-time) taught by way of lec- tures, with one contact session at the Bellville Park Campus and fur- ther interactive telematic teaching in Stellenbosch or another centre. - MComm, MA (full-time and part- time) by way of research, or taught with lectures similar to the Honours programme. - PhD (part-time), research option only Enquiries Tel: +27 (0)21 918 4193 Fax: +27 (0)21 918 4123 E-mail: enquiry@sopmp.sun.ac.za Environmental Management Tuition for our full-time MPhil pro- gramme is in English. It comprises four two-week blocks of lectures on campus over two years. The interdis- ciplinary fields covered are manage- ment skills for sustainable develop- ment, environmental issues, ethics, economics, law and management, as well as GIS. A research application is done. Enquiries Tel: +27 (0)21 808 2152 Fax: +27 (0)21 808 2085 E-mail: cdm@sun.ac.za Sustainable Development Planning and Management MPhil (full-time or part-time) taught by way of lectures over two to four years. The programme is presented in collaboration with the Sustainability Institute. After completion of the MPhil programme students can proceed to a research programme PhD in Public Management and Development Plan- ning (part-time). Enquiries Tel: +27 (0)21 808 2152 Fax: +27 (0)21 808 2085 E-mail: trp@sopmp.sun.ac.za Postgraduate programmes at Bell- ville Park Campus Public and Development Management - BHons in Public Administration (full- time or part-time) taught by way of one contact session and further in- teractive telematic teaching. - Master in Public Administration (full-time or part-time) by way of re- search or taught. Both above-mentioned programmes focus on the needs of persons working in a managerial capacity in the public sector. After completing the Master’s programme, students can proceed to a doctoral research programme in Public Management and Develop- ment Planning (part-time). Academic Certificate Programmes and short courses are also presented by way of lectures and interactive tele- matic teaching. Enquiries Tel: +27 (0)21 918 4193 Fax: +27 (0)21 918 4123 E-mail: enquiry@sopmp.sun.ac.za 36 DEPARTMENT OF STATISTICS AND ACTUARIAL SCIENCE For more information Tel: +27 (0)21 808 3244 Fax: +27 (0)21 808 3830 E-mail: njlr@sun.ac.za or tdewet@sun. ac.za Web site: www.sun.ac.za/statistics *Programmes suitable for international students. Feel free to contact us about this. Ten years before it was founded in 1946, this Department, one of the old- est in the country, already presented statistics as a subject, mainly for stu- dents in the commercial sciences. In this way we ended up in the Faculty of Economic and Management Sci- ences. The number of environments needing tuition in statistics is increas- ing even more rapidly. In 1985 we also started offering actuarial science. Presently we house the Centre for Sta- tistical Consultation; proof that we are serious about active research. Fields of study Statistics (up to doctorate), math- ematical statistics (up to doctorate), actuarial science (up to Master’s) and financial risk management (up to doc- torate). Listed below is a summary of the fields covered. Statistics and mathematical statistics: Advanced statistical inference, Bayes statistics, biostatistics, bootstrap and related computer-intensive tech- niques, categorical data analysis, con- sultation practice, data mining, experi- mental design, extreme value theory, large sample analysis, multidimen- sional scaling, multivariate statistical analysis, probability models and sto- chastic simulation, probability theory, non-parametric techniques, sampling theory, S-PLUS and R programming, statistical learning theory, statistical quality control, survival analysis, time series analysis. Actuarial science: The postgraduate 32 33 programmes cover certain of the later subjects of the Faculty and Institute of Actuaries. In the Honours programme Financial Economics (CT8) and Core Application Concepts (CA1) are cov- ered. The Master’s programme covers subjects on the Specialist level and also requires the submission of a re- search project/thesis. Successful stu- dents are now able to obtain exemp- tions (from the examinations of the Faculty and Institute of Actuaries) for not only the Core Technical subjects, but also for CA1 and up to two Spe- cialist subjects. Financial risk management: Financial mathematical statistics, financial risk management and portfolio theory. Consult our web site for further particu- lars on our postgraduate programmes in actuarial science, mathematical sta- tistics and statistics. 37 UNIVERSITY OF STELLEN- BOSCH BUSINESS SCHOOL For more information Marie Willows Tel: +27 (0)21 918 4243 E-mail: usbcom@usb.ac.za Fax: +27 (0)21 918 4468 Postal address: USB, PO Box 610, Bellville 7535 Web site: www.usb.ac.za Brochures available *Programmes suitable for international students The University of Stellenbosch Busi- ness School (USB) is situated on the University’s Bellville Park Campus in Bellville, Cape Town. It is one of the few management schools outside Europe that is accredited by the Eu- ropean Quality Improvement System (EQUIS) of the European Foundation for Management Development. The School’s MBA programme has also been accredited by the Association of MBAs (AMBA) in the UK. The MBA programme received unconditional accreditation from the quality com- mittee of the SA Council on Higher Education. The School is a member of several international academic bod- ies, including the European Doctoral Association in Management and Busi- ness Administration (EDAMBA). MBA The MBA curriculum aims at develop- ing students’ competencies in high- level leadership. At the beginning of the programme, students undertake tests to determine their leadership profiles. After they receive feedback, students embark on an individualised interactive programme which extends over the full duration of the MBA study period and is designed to achieve optimal personal leadership develop- ment. After students have completed the core modules of the MBA pro- gramme, they may choose from a va- riety of elective modules or specialise in a specific study area. Certain mod- ules may be followed at foreign busi- ness schools with which the USB has exchange agreements. The MBA programme is presented in the following formats: MBA (Full-time)* One year of lectures during the day; research report in the 2nd year (Eng- lish). MBA (Part-time) Two years of lectures in the evening; research report in the 3rd year (Eng- lish). MBA (Modular)* Two and a half years of block lectures (4 blocks of 8 days during each of the first two years, and 2 blocks of 8 days during the third year: totalling 10 blocks); research report in the 3rd year. Two programmes to choose from (bilingual: English and Afrikaans; or English). Master’s in Development Finance* This Master’s programme runs over one year full-time (with daily lectures) or over two years modular (with five lecture blocks of two weeks each in this period). Core modules include quantitative methods, microfinance, project finance, corporate gover- nance, political and economic dimen- sions of development in Africa, and small-scale enterprise development. Master’s in Coaching* This Master’s programme is offered by the USB in conjunction with Middlesex University in the UK. MPhil in Futures Studies* This Master’s programme is presented by the Institute for Futures Research in cooperation with the USB. The pro- gramme, which runs for two years, is presented electronically by way of in- teractive telematic education. PhD in Business Management and Administration* This two-year programme involves re- search culminating in a dissertation. A limited number of bursaries are avail- able for full-time students. . The Faculty of Economic and Management Sciences, established in 1925, is the lar- gest of the ten faculties of the University. It consists of the. Resource Management) , BComm (Psych), and BA (Human Resource Management) . The first two pro- grammes resort under the Faculty of Economic and Management Sciences