Well-structured ECS3702 EXAM PREPARATION PACK - DISTINCTION GUARANTEED. Contains recent exam questions and answers, and Summarised study notes. All you need to pass the 2024 EXAMS
ECS3702
EXAM PACK
Recent exam questions and answers
Summarised study notes
Exam tips and guidelines
DISCLAIMER & TERMS OF USE
1. Educational Aid: These study notes are designed to serve as educational aids and should not be considered as a
substitute for individual research, critical thinking, or professional guidance. Students are encouraged to
conduct their own extensive research and consult with their instructors or academic advisors for specific
assignment requirements.
2. Personal Responsibility: While every effort has been made to ensure the accuracy and reliability of the
information provided in these study notes, the seller cannot guarantee the completeness or correctness of all
the content. It is the responsibility of the buyer to verify the accuracy of the information and use their own
judgment when applying it to their assignments.
3. Academic Integrity: It is crucial for students to uphold academic integrity and adhere to their institution's
policies and guidelines regarding plagiarism, citation, and referencing. These study notes should be used as a
tool for learning and inspiration, but any direct reproduction of the content without proper acknowledgment and
citation may constitute academic misconduct.
4. Limited Liability: The seller of these study notes shall not be held liable for any direct or indirect damages,
losses, or consequences arising from the use of the notes. This includes, but is not limited to, poor grades,
academic penalties, or any other negative outcomes resulting from the application or misuse of the information
provided.
,UNIVERSITY EXAMINATIONS
May/June 2023
ECS3702
INTERNATIONAL TRADE
100 Marks
Duration: 3 Hours
First Examiner: Dr K Amusa
Second Examiner: Dr N Vacu
External Examiner: Prof T Greyling
STUDENT NUMBER / STUDENTENOMMER
This paper consists of 17 pages, including this cover page and the invigilator app page.
CONFIDENTIAL
Instructions:
Submit your answers as a single document in PDF format. After completion of the exam paper,
submit your answers in one single PDF document using the eAssessment tool on myExams portal.
(https://myexams.unisa.ac.za/portal).
You are required to use the invigilator app for this exam. Instructions are on page 2
It is preferable for you to type your answers (Font: Arial 12) and then convert your document to PDF
format for submission. However, if this is not possible, you may also write your answers down and
scan them into a PDF file format. Please write legibly.
Start with a cover page stating the module code (ECS3702) and your student number. This should
be followed by your answers to the questions. Note that all four questions are compulsory. There
are no elective questions.
Make sure that each question or sub question is clearly numbered.
Do NOT reproduce diagrams from the textbook. No marks will be awarded in this case.
While you are not required to cite your sources, this does not mean that you can simply copy
information from a source. You need to answer the questions in your own words. Plagiarism will
not be tolerated and may result in disciplinary action if detected.
Ensure that you type “I agree” for the declaration of honesty before you submit your answer script.
Please ensure that your PDF document is NOT encrypted to a “secured” mode and that it is NOT
password protected as such files cannot be marked. Virus infected files will also not be marked.
Emailed scripts will not be marked.
, Page 2 of 17 ECS3702
CONFIDENTIAL May/June2023
ECS3702
Date: 8 June 2023
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
Ensure you are connected to the internet in order to log into the Invigilator App and YOUR EXAM QR CODE & EXAM
scan this QR code. ACCESS CODE
If you encounter difficulty in scanning the QR code, you can alternatively enter the
Exam Access Code below the QR code to start the invigilation.
Unless otherwise specified by your institution, note that you can only scan this QR code
once. If your assessment has multiple online sections, tests or attempts, you should
NOT finish the invigilation until your entire assessment has been completed.
Only scan the QR code when the assessment formally commences.
The QR code is only scannable for a limited time and it should therefore be
scanned as soon as possible to start the invigilation.
Exam Access Code: 66e877f9
Once the QR code is scanned, ensure your media volume Is turned up and place your
smartphone next to you. The Invigilator App will notify you with a notification beep when
you are required to action a request, which you should then perform.
We recommend that you keep your smartphone on charge for the duration of the assessment.
If you only have one device you may access your assessment in the application by pressing the ‘Access Exam’ button in the top right
corner of your app.
Keep the Invigilator App open on your cell phone for the full duration of the assessment. You are not allowed to minimise or
leave the app.
Ensure you are connected to the internet in order to commence the invigilation as well as at the end of the assessment. No internet
connection is required during the assessment.
You have to adhere to the assessment time limit communicated to you by your institution as the time displayed in the Invigilator
App could differ from the time allocated to complete your assessment.
You can click the "Finish Assessment" button in the app if you finish your assessment early.
If you are performing a written or Scan-and-Upload assessment:
The Invigilator App may request you to take a picture of every page of your answer sheet at the end of the assessment. Unless
otherwise specified by your institution, this does NOT replace the normal upload of your script to your institutions online
portal
After completing invigilation and following all app instructions, you must upload your Invigilation App data. If however there is a delay in
the upload of the app data at the end of the assessment, you should prioritise the upload of your script to your university portal and you
can temporarily minimise the app to do so. Uploading of app data is not time sensitive and you can come back and do it after you have
successfully uploaded your script to the exam portal.
Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on 073 505 8273.
Open Rubric
, Page 3 of 17 ECS3702
CONFIDENTIAL May/June2023
QUESTION 1 [25 marks]
Use the hypothetical information in the table below to answer the questions that follow.
Output per hour Lesotho South Africa
Shoes (ton/hr) 3 7
Blankets (ton/hr) 8 4
(i) In which commodities do Lesotho and South Africa have an absolute advantage and
disadvantage? Explain. [4 Marks]
(ii) From your answer in (i) above, explain whether trade is possible and the pattern of trade
according to the theory of absolute advantage. [3 marks]
(iii) Compute and indicate the commodity of each nation’s comparative advantage and
disadvantage. No marks will be awarded if you do not show your workings.
[6 marks]
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller dochub. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.83. You're not tied to anything after your purchase.
