Exam (elaborations)
ECS3709 Assignment 4 (COMPLETE ANSWERS) Semester 2 2024 - DUE 27 September 2024
- Course
- ECS3709
- Institution
- University Of South Africa
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ECS3709 Assignment 4(COMPLETE ANSWERS)
Semester 2 2024 - DUE 27
September 2024
CONTACT: biwottcornelius@gmail.com
, ECS3709 Assignment 4 (COMPLETE ANSWERS)
Semester 2 2024 - DUE 27 September 2024
QUESTION 1 [15] Using Jordan, South Africa, and Nigeria
as case studies, select one country of your choice and
apply any two demand-side factors and two supply-side
factors to explain the relationship between
unemployment and economic growth in that country.
Make sure to indicate the references in your discussion
and provide the list of references at the end of your
essay. (15) Mark allocation: each factor earns 3 marks
including explanation leading to twelve (12) marks for the
discussion excluding referencing. Referencing will be
awarded a total of three (3) marks as follows: 2 marks for
intext citation; 1 mark for the correct list of references.
To address this question, you would need to select one of the three countries (Jordan, South
Africa, or Nigeria) and discuss two demand-side and two supply-side factors that affect
unemployment and economic growth. Here's a guide on how you could approach the essay:
1. Introduction
Briefly introduce the relationship between unemployment and economic growth, and how
these are interlinked through various factors.
Mention the country you’ve selected (e.g., South Africa) and why this country is relevant
for analyzing the interplay between unemployment and economic growth.
2. Demand-side Factors
Demand-side factors relate to the overall demand for goods and services in the economy, which
can influence both economic growth and employment levels. You could explain these factors as
follows:
1st Demand-side Factor: Consumer Demand
Discuss how consumer spending affects unemployment. For instance, when consumer
demand for products and services decreases, companies may produce less, leading to
layoffs and higher unemployment rates. In South Africa, stagnant wage growth and
inequality might limit purchasing power, reducing demand and increasing
unemployment.
Reference: Example: (Choudhry, 2016)
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