Ecs2602 study guide - Study guides, Study notes & Summaries

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 ........................................

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ECS2602 - ASSIGNMENT 4 - S2 - 2016.100% CORRECT questions, answers, workings and explanations. This assignment contributes 40% towards your semester mark. Please ensure that this assignment reaches the university before the due date. Answer all questions on a mark-reading sheet. 1. Which of the following statements are correct? a. The nominal exchange rate is the relative price of domestic goods in terms of foreign goods. b. The real exchange rate is the price of the domestic currency in te...

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Contains latest exam study notes for Macroeconomics covering all Chapters (Summary for Global and Southern African Perspectives textbook, will help prepare for exam)

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ECS2602- pg. 1 MODULE: ECS2602 Introduction According to ECS 2602 STUDY GUIDE, 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. As per study guide, in this...