Macroeconomics (ECS2602)

ECS2602 ASSIGNMENT 1 SEMESTER 1 2025

ECS2602 Assignment 1 Semester 1 | Due 30 March 2025. All questions answered. Assessment 1 is based on learning units 1, 2 and 3 (60 marks) Question 1: According to the video, fiscal policy is the use of __________________________________and ____________________________ to influence the economy. (2) Question 2: Fiscal policy is a powerful tool. The key to its power is the ___________________________. (1) Question 3: In the video, there is a reference to supply-side economists, like ________...

ECS2601 ASSIGNMENT 1 SEMESTER 1 2025 1.1 In microeconomics we need to make certain assumptions about the preferences of consumers. Use real life examples to explain any two of these assumptions. (4) 1.2 Critically evaluate why the marginal rate of substitution between two goods must equal the ratio of the price of the goods, for the consumer to achieve maximum satisfaction. (3) 1.3 Comment on any two of the following topics related to elasticities: (a) Arc elasticity of dema...

ECS2602 ASSIGNMENT 1 SEMESTER 1 2025 Assessment 1: Videos and Questions Assessment 1 is based on learning units 1, 2 and 3 (60 marks) How to complete Assignment 1: Complete all 30 fill-in questions below in the spaces provided. Save the document as PDF document. Upload the assignment on the ECS2602 module site on myUnisa as a PDF document. No email submissions will be accepted. Learning Unit 1 (18 marks) Watch the following video and answer questions 1 to 5 based on the video. (8 ...

THIS DOCUMENT CONTAINS ECS2602 ASSESSMENT 1 SEM 1 OF 2025 EXPECTED QUESTIONS AND ANSWERS. THE QUESTIONS HAVE BEEN ANSWERED BY REFERING TO THE VIDEOS AS REQUIRED. USE IT AS A GUIDE WHEN CREATING YOUR OWN SOLUTIONS TO SCORE ABOVE 75%

ECS2602 ASSESSMENT 2 SEMESTER 1 2025 Which one of the following statements is correct regarding the IS-LM model? Select one: A. The initial impact of a change in taxation is on the financial market since the interest rate will be affected. B. A change in government spending only influen ces the goods market and has no impact on the financial market. C. The initial impact of a change in the interest rate is on the financial market, after which it influences the goods market. D. ...

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