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ECS1601 Assignment 7 2024 | Due 2 November 2024
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ECS1601/001/3/2021Tutorial Letter 001/3/2021
Economics 1B (Macroeconomics I)
Semester 1 and 2
Department of Economics
IMPORTANT INFORMATION
Please register on myUnisa, activate your myLife e-mail account and
make sure that you have regular access to the myUnisa module
website, ECS1601-2021-S1, as well as discussion forum.
BARCODE
, CONTENTS
Page
ASSESSMENT CHANGES for 2021 ACADEMIC YEAR ......................................................................... 3
1.1 Assignment due dates .................................................................................................................. 3
Assignment 01 .............................................................................................................................. 4
Assignment 02 ............................................................................................................................ 16
Assignment 03 ............................................................................................................................ 25
Assignment 04 ............................................................................................................................ 34
1.4 The examination ......................................................................................................................... 49
2
, ECS1601/001/3/2021
Dear Student
ASSESSMENT CHANGES for 2021 ACADEMIC YEAR
Due to the ministerial request to extend the 2021 registration dates, Unisa had to amend both the
semester dates and the assessment arrangements for the 2021 academic year.
During 2021 we will have only one semester and only one tuition and assessment period.
The purpose of this TL001 is to inform you of the new assessment requirements for ECS1601
during 2021 for the one semester period.
1.1 Assignment due dates
Unique number
Assignment Content on which the
Closing date
number Semester 1 Semester 2 assignment is based
students students
01 652443 730716 03 May 2021 Learning units 1 and 2
02 604137 731507 07 June 2021 Learning units 3 to 5
03 789067 648154 05 July 2021 Learning units 6, 7 and
8
04 772527 735797 02 August 2021 Learning units 9 to 12
3
, 1.3 The assignments
Assignment 01
Assignment 01
Semester 1: 652443
Unique number Semester 2: 730716
Closing date 03 May 2021
Learning units 1 to 2 of the Study guide and the relevant
Content chapters of the prescribed book
Questions 45 questions
Weight 20% of the semester mark
To submit Through myUnisa or on a mark-reading sheet
1.1 Which of the following is/are correct?
a) Households are confronted with unlimited wants, but with limited resources with
which to satisfy those wants
b) The scarcity of resources necessitate households to make choices
[1] a is incorrect, b is correct
[2] both a and b are incorrect
[3] only a is correct
[4] both a and b are correct
1.2 Which of the following is/are correct regarding the distinction between macroeconomics
and microeconomics?
a) The price of apples at the supermarket is an example of a macroeconomic variable.
b) An increase in the general price level (inflation) in the economy is an example of a
macroeconomic variable.
[1] only b is correct
[2] a and b are both incorrect
[3] only a is correct
[4] both a and b are correct
4
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