QUESTION 1: TRUE/FALSE STATEMENT TRUE/ FALSE (1 MARK) MOTIVATION (2 MARKS) REFERENCE (1 MARK) 1.1 Self-understanding is the result of insensitive confrontation. False A learner’s essential confrontation with him/herself leads to selfunderstanding. This allows the learner to break through the unimportance and confusion of a situation. Point 1.9.1.2 P 14 1.2 The school guidance teacher should only assist the learner in his/her educational situation. False The learner need...

Exam Preparation: Herewith all the questions (according to sections) of the last 6 exam papers. Section A: This section counts 40 marks – have to explain 8 concepts counting 5 marks each.  The fear of goods One of the principles of the Mercantilist school is duty free importation of raw materials that could not be produced domestically, protection for manufactured goods and raw materials that could be produced domestically and export restrictions on raw materials. Emphasis on exports & ...

ECS3702 Assignment 2 Unique number: ,Question 2 Assume a system of flexible exchange rates and perfect capital mobility as well as equilibrium in the goods market, the money market and the balance of payments. Also assume that there is unemployment. Explain with the aid of a diagram, using the IS/LM/BP analysis, how a small nation can reach the full employment level of income with equilibrium in its balance of payments by applying the appropriate fiscal policy without any monetary policy...

ECS2603 EXAM REVISION PACK ,Question A1 Gross domestic expenditure Plus exports of goods and services Less imports of goods and services Equals Expenditure on gross domestic product (GDP @ market prices) The diifference between basic prices, factor cost and market prices can be ascribed to:  These three sets of prices that can be used to calculate GDP.  However market price are used to calculate GDP according to the expenditure method while basic prices are used when producti...

ECS2602 ASSIGNMENT 2 SEMESTER 1 - 2020 DUE: 30 MARCH 2020 ,1. The fully exogenous variables in the IS-LM model are ... 1. government spending and investment spending. 2. investment spending and money supply. 3. interest rate and government spending. 4. government spending and money supply. 5. level of output and income and the interest rate. Explanation: The correct option is 4. In the IS-LM model, the most important variables that we wish to explain are the leve...

MACROECONOMICS - ECS260-2 SEMESTER 1 – 2019 ASSIGNMENT 1 UNIQUE NUMBER DUE DATE: 6 MARCH 2019 This assignment contributes 20% 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. In this module we only study the demand side of the economy, which includes the goods market and the financial market. The labour market forms part o...

ECS3703 EXAM PACK ,Section A You must answer ALL questions in this section 1. Explain (with the aid of two diagrams using the IS/LM/BP analysis) the effectiveness of expansionary fiscal policies as well as ease monetary policies in an open economy with flexible exchange rates and perfect capital mobility. (25) Monetary Policy is effective and Fiscal Policy ineffective. Fiscal Policy i LM 6.25 E’ 5.0 ...

ECS2602 ASSIGNMENT 3 – ONLINE ASSESSMENT (SEMESTER 2 – 2018) POSSIBLE QUESTIONS AND SOLUTIONS Question 1 of 15 This question is based on the following diagram of an IS-LM model for an open economy A decrease in government spending causes ... A. a decrease in the demand for goods and the level of output; a decrease in the demand for money and the interest rate; a depreciation of the domestic currency and the trade balance deteriorates as exports increases. B. a decrease in the de...

Economics Final Exam review