Ecs 2602 Study guides, Class notes & Summaries
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ecs 2602 assignmnet solutions
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this document provides solutions for ecs 2602 assignment 2. 
ecs 2602 assignment solutions
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ECS2602- notes.pdf
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ECS2602- 
 
pg. 1 
MODULE: ECS2602 
Introduction 
According to ECS 2602 STUDY GUIDE, Macroeconomics deals with the economy as a whole and not the 
behaviour and decisions of individual consumers, households and firms, as in microeconomics. Furthermore, 
macroeconomics involves determining and exploring the relationship between aggregate concepts (variables), 
and not determining the prices of individual goods and services through the interaction of demand and supply. 
As per study guide, in this...
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ECS 2602 ASSIGNMENT 2
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This assignment contributes 40% towards your semester mark. Please ensure that this assignment reaches the 
university before the due date. Answer all questions on a mark-reading sheet. 
1. Which of the following are fully exogenous variables in the IS-LM model? 
1. Level of output, interest rate, investment, consumption spending. 
2. Government spending, taxation, money supply, marginal propensity to consume. 
3. Interest rate, demand for money, supply of money. 
4. Consumption spending, invest...
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ECS 2602 EXAM PACK
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ECS 2602 EXAM PACK 
OCT/NOV 2017 
Section A 
QUESTION 1/VRAAG 1 (5 marks) 
a. Calculate the equilibrium level of output and income if c = 0.5, c0 = 300, Ī = 400, 
G = 300 and T = 100 in the goods market model. Show the formula and all 
calculations. (1) 
Answer 

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ECS2602 2022 STUDY PACK.
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FOR ASSISTANCE WITH 
ECS2602 ASSIGNMENTS & ONLINE ASSESSMENTS 
SEMESTER 1 2022 
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Disclaimer 
Extreme care has been used to create this document, however the contents are provided “as is” 
without any representations or warranties, express or implied. This document is to be used for 
comparison, research and reference purposes ONLY. No part of this document may be 
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ECS 2602 Questions and ans exam prep
- Exam (elaborations) • 221 pages • 2021
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2018/1 
1.1 
Which one of the following statements is not a macroeconomic issue? 
1. The unemployment rate in South Africa, according to the strict definition, was 26,6% in 
2016. 
2. The drought experienced in 2015/16 reduced many crop harvests and caused food price 
inflation in South Africa. 
3. The annual inflation rate in South Africa rose from 2015 to 2016. 
4. Because of high inflation, it is expected that the interest rate will increase. 
5. The drought experienced in 2015/16 reduced the...
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ECS 2602 ASSIGNMENT 1
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1. Which of the following statements are correct? 
a. Macroeconomics studies the determination of the level of output and income for a 
specific firm. 
b. In macroeconomics we focus on the interaction between different markets, 
such as the goods market, the financial market, the labour market and the foreign 
exchange market. 
c. Real GDP per capita is widely used as a measure of economic welfare or 
wellbeing of the residents of a country. 
d. The main instrument of fiscal policy is the budget...
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ECS 2602 ASSIGNMENT 1
- Exam (elaborations) • 34 pages • 2021
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1. Which of the following statements are correct? 
a. Macroeconomics studies the determination of the level of output and income for a 
specific firm. 
b. In macroeconomics we focus on the interaction between different markets, 
such as the goods market, the financial market, the labour market and the foreign 
exchange market. 
c. Real GDP per capita is widely used as a measure of economic welfare or 
wellbeing of the residents of a country. 
d. The main instrument of fiscal policy is the budget...
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ECS 2602 ASSIGNMENT 2
- Exam (elaborations) • 18 pages • 2021
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This assignment contributes 40% towards your semester mark. Please ensure that this assignment reaches the 
university before the due date. Answer all questions on a mark-reading sheet. 
1. Which of the following are fully exogenous variables in the IS-LM model? 
1. Level of output, interest rate, investment, consumption spending. 
2. Government spending, taxation, money supply, marginal propensity to consume. 
3. Interest rate, demand for money, supply of money. 
4. Consumption spending, invest...
-
Tutorial letter 102/2/2012 Macroeconomics 2 ECS2602 Department of Economics Workbook: Activities for study units 1 to 9
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Tutorial letter 102/2/2012 
Macroeconomics 2 
ECS2602 
Department of Economics 
 
Workbook: 
Activities for study units 1 to 9 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As a student, you should know exactly what is expected when certain verbs are mentioned in an activity, check list or examination question. In economics, the most common verbs used are: 
 
Verb	Description 
compare	Identify the similarities or differences between facts, viewpoints, concepts or ideas. 
contrast/...
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