Ecs 2602 - Study guides, Class notes & Summaries

ECS 2602 EXAM PACK OCT/NOV Section A QUESTION 1/VRAAG 1 (5 marks) a. Calculate the equilibrium level of output and income if c = 0.5, c0 = 300, Ī = 400, G = 300 and T = 100 in the goods market model. Show the formula and all calculations. (1) Answer 

2018/1 1.1 Which one of the following statements is not a macroeconomic issue? 1. The unemployment rate in South Africa, according to the strict definition, was 26,6% in 2016. 2. The drought experienced in 2015/16 reduced many crop harvests and caused food price inflation in South Africa. 3. The annual inflation rate in South Africa rose from 2015 to 2016. 4. Because of high inflation, it is expected that the interest rate will increase. 5. The drought experienced in 2015/16 reduced the...

Macroeconomics II - Popular Exam Q's MEMO 1. Using the Goods Market model explain how a balanced budget can still lead to an increase in output and income. {OR] Using the Goods Market model explain how a simultaneous increase in government spending and increase in taxes can lead to an increase in output and income. A balanced budget still increases output. The difference between the initial impact of a change in government spending and a change in taxes implies that even if the change in ...

1. Which of the following statements are correct? a. Macroeconomics studies the determination of the level of output and income for a specific firm. b. In macroeconomics we focus on the interaction between different markets, such as the goods market, the financial market, the labour market and the foreign exchange market. c. Real GDP per capita is widely used as a measure of economic welfare or wellbeing of the residents of a country. d. The main instrument of fiscal policy is the budget...

1. Which of the following statements are correct? a. Macroeconomics studies the determination of the level of output and income for a specific firm. b. In macroeconomics we focus on the interaction between different markets, such as the goods market, the financial market, the labour market and the foreign exchange market. c. Real GDP per capita is widely used as a measure of economic welfare or wellbeing of the residents of a country. d. The main instrument of fiscal policy is the budget...

Tutorial Letter 001/3/2021 Macroeconomics (ECS2602) Semester 1 and 2 Department of Economics Page ASSESSMENT CHANGES for 2021 ACADEMIC YEAR 3 1.1 Assignment due dates and prescribed textbook 3 1.2 The assignments 5 1.3 Other assessment 50 1.4 The examination 50 Dear Student ASSESSMENT CHANGES for 2021 ACADEMIC YEAR Due to the ministerial request to extend the 2021 registration dates, Unisa had to amend both the semester dates and the ...

ECS2602 ECS2602 ECS2602 ASSIGNMENT 1 SEMESTER 2 - 2019 ECS2602 8/20/2019 1. Which of the following statements are correct? 2. Which of the following statements are correct? to bring about an increase in the interest rate in order to decrease the demand for goods in the economy. An increase is taxes implies the implementation of a contractionary fiscal policy. 3. Expenditure on the gross domestic product in South Africa is spending on goods and services produced withi...

Tutorial letter 102/2/2012 Macroeconomics 2 ECS2602 Department of Economics Workbook: Activities for study units 1 to 9 As a student, you should know exactly what is expected when certain verbs are mentioned in an activity, check list or examination question. In economics, the most common verbs used are: Verb Description compare Identify the similarities or differences between facts, viewpoints, concepts or ideas. contrast/...

Tutorial letter 102/2/2012 Macroeconomics 2 ECS2602 Department of Economics Workbook: Activities for study units 1 to 9 As a student, you should know exactly what is expected when certain verbs are mentioned in an activity, check list or examination question. In economics, the most common verbs used are: Verb Description compare Identify the similarities or differences between facts, viewpoints, concepts or ideas. contrast/...

Tutorial letter 102/2/2012 Macroeconomics 2 ECS2602 Department of Economics Workbook: Activities for study units 1 to 9 As a student, you should know exactly what is expected when certain verbs are mentioned in an activity, check list or examination question. In economics, the most common verbs used are: Verb Description compare Identify the similarities or differences between facts, viewpoints, concepts or ideas. contrast/...