ECS3702 Latest exam pack questions and answers and summarized notes for exam preparation. Updated for 2024 exams . For assistance Whats-App.0.6.7..1.7.1..1.7.3.9 . All the best on your exams!!
First Examiner: Dr K Amusa
Second Examiner: Dr N Vacu
External Examiner: Prof T Greyling
STUDENT NUMBER / STUDENTENOMMER
This paper consists of 20 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 20 ECS3702
CONFIDENTIAL Oct/Nov 2023
ECS3702
Date: 17 October 2023
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
Ensure you are connected to the internet in order to log into the YOUR EXAM QR CODE & EXAM
ACCESS CODE
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.
Exam Access Code: d58a7d6f
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 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
Open data
Rubric is not time sensitive and you can come back and do it after you have successfully uploaded your
, Page 3 of 20 ECS3702
CONFIDENTIAL Oct/Nov 2023
QUESTION 1 [25 marks]
There are two hypothetical countries, Sunveld and Moonveld. In one hour, Sunveld can produce
8 tons of beef or 6 tons of leather and Moonveld can produce 4 tons of beef or 5 tons of leather.
Using the information provided above, answer the questions that follow.
(i) In which commodities do Sunveld and Moonveld have an absolute advantage and
disadvantage? Explain. [4 Marks]
(ii) From your answer in (i) above, explain whether trade is possible and explain 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]
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