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Exam (elaborations)
ECS1601 QUESTIONS AND ANSWERS Semesters 1 and 2 Department of Economics
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---115January 20232022/2023A+
- LEARNING UNIT 
 
 
Welcome to the second part of your introduction to economics. We hope that you will find this module mentally stimulating and worthwhile. 
 
 
The purpose of the module is to gain insight into macroeconomic theory and variables such as total production and income of a country, economic growth, unemployment, inflation, and the balance of payments. 
 
 
After you have studied this module, you should be able to 
 
■	explain the functioning of the economy as a whole 
■	assess...
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