ECS3702
ASSIGNMENT 2 SEMESTER 2 2025
UNIQUE NO.
DUE DATE: 22 SEPTEMBER 2025
, Assignment 02 for Semester 2
SEMESTER 2
COMPULSORY ASSIGNMENT 02 DUE DATE: 22 September 2025
This assignment must be submitted ONLINE and ONLY in PDF. No other format will be accepted.
Assignment answers submitted outside the myUnisa system will NOT be marked. No exceptions will
be made. There is a strict four-page limit ( four single pages or two pages if writing back and
front) for this assignment, excluding the cover page and the list of references)
Copying verbatim from a source is not allowed. The use of any AI is not allowed. You will be
penalised for failing to adhere to this instruction. The answer will not be marked, and you will be
awarded a zero mark.
Writing in point form is not allowed. Marks will be deducted for writing in point form. All
sources used to complete the assignment must be correctly cited in the text and referenced at
the end of the assignment.
This assignment opens on 15 September (08:00am) and closes on 22 September (11:00pm).
NO EXTENSIONS WILL BE GIVEN UNDER ANY CIRCUMSTANCES.
This assignment tests both your understanding of trade policy and exposes you to macroeconomic
databases and data as well as academic writing.
QUESTION 1 [35 marks]
International trade is an important driver of economic growth for developed and developing
countries alike. There are numerous measures used to examine or measure how a country
performs when it comes to trade. This question is based on one of those measures.
1. Define Terms of Trade (TOT) [1 marks]
2. How is the Terms of Trade measured [2 marks]
3. Briefly explain what an improvement or decline in the Terms of Trade means [4 marks]
Use the following link to access data from the UN Trade and Development (UNCTAD) database:
https://unctadstat.unctad.org/datacentre/dataviewer/US.TermsOfTrade
Collect and download (in excel) Terms of Trade Index data series for the years 2005 to 2024 for the
following regions:
(i) Africa
(ii) Americas
(iii) Asia
(iv) Europe
(v) Oceania
1
ASSIGNMENT 2 SEMESTER 2 2025
UNIQUE NO.
DUE DATE: 22 SEPTEMBER 2025
, Assignment 02 for Semester 2
SEMESTER 2
COMPULSORY ASSIGNMENT 02 DUE DATE: 22 September 2025
This assignment must be submitted ONLINE and ONLY in PDF. No other format will be accepted.
Assignment answers submitted outside the myUnisa system will NOT be marked. No exceptions will
be made. There is a strict four-page limit ( four single pages or two pages if writing back and
front) for this assignment, excluding the cover page and the list of references)
Copying verbatim from a source is not allowed. The use of any AI is not allowed. You will be
penalised for failing to adhere to this instruction. The answer will not be marked, and you will be
awarded a zero mark.
Writing in point form is not allowed. Marks will be deducted for writing in point form. All
sources used to complete the assignment must be correctly cited in the text and referenced at
the end of the assignment.
This assignment opens on 15 September (08:00am) and closes on 22 September (11:00pm).
NO EXTENSIONS WILL BE GIVEN UNDER ANY CIRCUMSTANCES.
This assignment tests both your understanding of trade policy and exposes you to macroeconomic
databases and data as well as academic writing.
QUESTION 1 [35 marks]
International trade is an important driver of economic growth for developed and developing
countries alike. There are numerous measures used to examine or measure how a country
performs when it comes to trade. This question is based on one of those measures.
1. Define Terms of Trade (TOT) [1 marks]
2. How is the Terms of Trade measured [2 marks]
3. Briefly explain what an improvement or decline in the Terms of Trade means [4 marks]
Use the following link to access data from the UN Trade and Development (UNCTAD) database:
https://unctadstat.unctad.org/datacentre/dataviewer/US.TermsOfTrade
Collect and download (in excel) Terms of Trade Index data series for the years 2005 to 2024 for the
following regions:
(i) Africa
(ii) Americas
(iii) Asia
(iv) Europe
(v) Oceania
1
