Exam (elaborations)
Exam (elaborations) ECS3701 - Monetary Economics (ECS3701)
- Institution
- University Of South Africa (Unisa)
Exam (elaborations) ECS3701 - Monetary Economics (ECS3701)EXAM PACK MAYJUNE 2022
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UNIVERSITY EXAMINATIONSMay/June 2022
ECS3701
Monetary Economics
100 Marks
Duration: 2 Hours
First Examiner: Prof TLA Leshoro
Second Examiner: Ms TS Moletsane
External Examiner: Ms PA Mathebula
This paper consists of 7 pages.
CONFIDENTIAL
Instructions:
(1) Once you have completed your answers submit it as a single document in PDF format using the
eAssessment tool on the myExams portal. 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 to a PDF file. Please write legibly.
(2) Start with a cover page stating the module code (ECS3701) and your student number.
(3) This should be followed by your answers to the questions.
(4) Make sure that each question and sub questions are clearly numbered.
(5) While you are not required to cite your sources, this does not mean that you can simply copy information
from any source. You need to answer the questions in your own words. Plagiarism and cheating will not
be tolerated and may result in disciplinary action if detected. Plagiarism and cheating will result in
zero mark awarded.
(6) Please ensure that you submit a declaration of honesty on myUnisa.
(7) You will need your student number and password to access this platform.
(8) You need to accept the honour pledge because it is compulsory for every student otherwise you will not
be able to access the paper, let alone upload it. This information will be used to report to Student
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(9) Please preview and verify your document before you submit to ensure that it is free of errors, it is
readable, that your PDF document is NOT encrypted to a “secured” mode and it is NOT password
protected as these files cannot be marked. Virus-infected files will also not be marked.
(10) You have 2 hours to complete this assessment.
(11) Late submissions will NOT be marked. Emailed scripts will NOT be marked.
(12) Once you have submitted on the dedicated platform, you will receive an on-screen message of
successful submission. Please keep this email safe as a proof of your submission.
(13) If you insist on not being able to upload on the submission portal, you must contact the number and
email address provided in the QA documents posted on the announcement on the module page and
provide screenshots of the error screens.
STUDENT NUMBER
[TURN OVER]
, Page 2 of 7 ECS3701
CONFIDENTIAL 05/06 2022
The Invigilator
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Ensure you are connected to the internet in order to log into the Invigilator App and scan this QR 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.
• 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 institution’s 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.
Good Luck!
, Page 3 of 7 ECS3701
CONFIDENTIAL 05/06 2022
ANSWER ALL FIVE QUESTIONS.
Question 1 [20 marks]
1.1 Mention and explain the two types of monetary policy mandates or goals. [6]
1.2 Which of the two types of mandates is better for a central bank? Explain. [2]
1.3 What are the six goals of any central bank? [12]
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