ECS2602 Macroeconomics (ECS2602)

ECS2602 EXAM STUDY PACK 2022. ECS2602 - Macroeconomics Which of the following statements is/are correct? a) In this module we only study the demand side of the economy which includes the goods market and the financial market. The labour market form part of the supply side analysis and are therefore excluded from this module. b) The two most important accounts of the balance of payments are the current account and the financial account. c) If total output decreases with 2% during a specific...

ECS2602 EXAM STUDY PACK 2022. Macroeconomics. Which of the following statements is/are correct? a) In this module we only study the demand side of the economy which includes the goods market and the financial market. The labour market form part of the supply side analysis and are therefore excluded from this module. b) The two most important accounts of the balance of payments are the current account and the financial account. c) If total output decreases with 2% during a specific year and ...

MacroeconomicsAN OVERVIEW OF THE SOUTH AFRICAN MACROECONOMIC ENVIRONMENT ..................................................................................................................... 6 1-1 The difference between microeconomics and macroeconomics ................................... 6 1-2 Economic growth ........................................................................................................... 7 1-3 The South African business cycle ........................................

ECS2602 Macroeconomics EXAM PACK 2022 (Complete Exam prep). ECS2602 TEST BANK Question 1 Which of the following statements is/are correct? a) In this module we only study the demand side of the economy which includes the goods market and the financial market. The labour market form part of the supply side analysis and are therefore excluded from this module. b) The two most important accounts of the balance of payments are the current account and the financial account. c) If total output d...

ECS2602 - Macroeconomics SUMMARY STUDY NOTES 2022. Learning unit 1: An overview of the South African Macroeconomic Environment Economic growth - Economic growth takes place when the total output (production) of goods and services in an economy increases. It is traditionally defined as the annual rate of increase in total output (production) or income in the economy. This definition has to be qualified in two important respects. 1. Production, or income should be measured in real terms ...

ECS2602 Macroeconomics EXAM STUDY PACK WITH Q & A 2022. Question 1 Which of the following statements is/are correct? a) In this module we only study the demand side of the economy which includes the goods market and the financial market. The labour market form part of the supply side analysis and are therefore excluded from this module. b) The two most important accounts of the balance of payments are the current account and the financial account. c) If total output decreases with 2% duri...

ECS2602 Only Study Guide Macroeconomics II. This is an all-inclusive guide to ECS2602 - Macroeconomics Macroeconomics deals with the economy as a whole and not the behaviour and decisions of individual consumers, households and firms, as in microeconomics. Furthermore, macroeconomics involves determining and exploring the relationship between aggregate concepts (variables), and not determining the prices of individual goods and services through the interaction of demand and supply. In th...

ECS2602 EXAM PACK 2022 (Complete Exam prep) This is an all-inclusive guide to ECS2602 - Macroeconomics Consider the consumption functions of country A and country B. Country A: C = 2 000 + 0.7Y D Country B: C = 1 000 + 0.9Y D Which of the follow ing state ments is/are correct? a) In country A autonomous consumption is higher than in country B. b) In country B induced consumption is definitely higher than in country A. c) In country B total consumption is definitely higher than in country ...

ECS2602 SUMMARY STUDY NOTES 2022. This is a complete and an all-inclusive guide to ECS2602 SUMMARY STUDY NOTES 2022. Learning unit 1: An overview of the South African Macroeconomic Environment Economic growth - Economic growth takes place when the total output (production) of goods and services in an economy increases. It is traditionally defined as the annual rate of increase in total output (production) or income in the economy. This definition has to be qualified in two importan...

ECS2602 STUDY PACK 2022. ECS2602 - Macroeconomics Which of the following statements is/are correct? a) In this module we only study the demand side of the economy which includes the goods market and the financial market. The labour market form part of the supply side analysis and are therefore excluded from this module. b) The two most important accounts of the balance of payments are the current account and the financial account. c) If total output decreases with 2% during a specific yea...