ECO1011S

summary of the core textbook , has detailed notes that have proven helpful in the exam. Covers everything needed to get an a*.

The following document is a summary of units 9, 10 and 13 in the ECO1011S course.

The following document is a summary of lecture content for the ECO1011S course. The notes cover unit 9, 10 and 13.

University of Cape Town School of Economics Macroeconomics ECO1011S November Exam 2022/2023

Summary of unit 14 Core Economy. Topics covered: Role of Government Aggregate demand function Multiplier model Household wealth Investment spending Stabilising the economy

University of Cape Town School of Economics Macroeconomics ECO1011S November Exam 2022/2023 1 University of Cape Town School of Economics Macroeconomics ECO1011S November Exam INSTRUCTIONS  Only use PENCIL when filling in the MCQ answer sheet  Use the MCQ answer sheet provided  Complete the bubbles for your student number before you begin!  Write in your first name, surname and student number  If you change your mind about an answer don’t cross it out, use ...

Summary

The multiplier in macroceonomics is a number which determines how much effect an injection has on an country's economy. This paper gives a mathematical explanation for how the formula for the multiplier (1/(1-b)) is derived.

The European sovereign debt crisis negatively impacted economies across the world, including South Africa’s. This essay focuses specifically on how this crisis, which was somewhat precipitated by the Great Recession of 2008-09, impacted South Africa’s (SA) economy. The essay follows a chronological discussion. Firstly, it is focused on the state of the South African economy and South Africa’s fiscal policy before the Great Recession. Secondly, it describes how SA’s economy responded to t...