Ecs1601 study notes - Study guides, Study notes & Summaries

Summary ECS1601 Summarised Study Notes

Summary ECS1601 Summarised Study Notes

ECS1601 2021 UPDATED NOTES This document has a summary of notes that will help you to prepare for your upcoming 2021 October - November exam. Refer also to your trusted text books. Use previous exam papers, assignments memorandums, as well as group discussion. Best of luck.

Microeconomics studies the decisions of individuals and firms to allocate resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets but leaves the study of economy-wide aggregates to macroeconomics

Skip to main contentSide panel ECS1601-23-S2 Online assessments Assessment 1 QUIZ Assessment 1 Started on Saturday, 19 August 2023, 2:43 PM State Finished Completed on Saturday, 19 August 2023, 3:14 PM Time taken 30 mins 14 secs Marks 28.00/40.00 Grade 70.00 out of 100.00 Question 1 Complete Mark 2.00 out of 2.00 Flag question Question text The circular flow model reveals that a decrease in South African imports will … . a. decrease South African imports b. increase ...

Suppose government expenditure in South Africa is R10 billion while autonomous consumption and investment spending are R25 billion and R50 billion respectively. Autonomous exports are R100 billion and autonomous imports are R35 billion. Also, c = 0,85; t = 0,275 and m = 0,125. What is the equilibrium level of income in the economy? (Hint: at each step of your calculations, round off to 2 decimal places) a. R167.5 billion b. R365 billion  c. R150 billion d. R295.5 billion Consider the f...

ECS1601 ASSIGNMENT 5 SEMESTER 2 2022 S - The study-notes marketplace Question 1 Which of the following statements is correct? a. Restrictive fiscal and monetary policies are applied during periods of economic growth (boom). b. Fiscal policy entails changes in the interest rate. c. The impact lag is longer for fiscal policy than for monetary policy. d. The decision lag is shorter for fiscal policy than for monetary policy. Refer to section 9.3 of the prescribed textbook. Suppose that...

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ECS1601 STUDY NOTES 2022

ECS1601 Summary, Breakdown of the Study Units & Revision (Q & A) S - The study-notes marketplace Downloaded by: sibsdlam | Distribution of this document is illegal S - The study-notes marketplace 1 ECS1601 Summary Downloaded by: sibsdlam | Distribution of this document is illegal S - The...