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ECS2602 Assignment 01 2021 AS PER UPDATED TUTORIAL LETTER (to be used as a guideline only) R50,00
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ECS2602 Assignment 01 2021 AS PER UPDATED TUTORIAL LETTER (to be used as a guideline only)

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  • May 21, 2021
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Macroeconomics
ECS2602
Department of Economics
Assignment 01 for 2021
(To be used as a guideline only)
Unique Number: 766140
Due Date: 10 May 2021




This assignment contributes 20% towards your semester mark.

Please ensure that this assignment reaches the university before the due date.

1. The main focus of this macroeconomics module is the study of ….

[1] the determinants of the short, medium and long-term growth potential of the economy.
[2] only the interaction between the goods market and the financial market.
[3] different theories on the determination of output in a closed economy in the short term
only.
[4] only the determination of the level of output and income and fiscal and monetary policy
impact on the financial, labour and foreign exchange markets.

, [5] the determination of output and the impact of fiscal and monetary policy on the level of
output.

Answer:

Refer to page (v) of the study guide:

In this module, the emphasis is mainly on developing your understanding of different
models regarding the determination of output and income (Y) and the impact of fiscal
and monetary policy on the level of output and income. We concentrate on stabilisation
policies as opposed to structural policies that deal with the important issue of economic
growth. Keep this in mind as you work through the prescribed content.

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