Ecs2601 Study guides, Class notes & Summaries
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ECS2601-Microeconomics-Notes
- Class notes • 169 pages • 2021
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The word economy comes from a Greek word for “one who manages a household. Definition of Economics: the study of how society manages its scares resources. How do we go from managing a household to managing an economy? - A household and an economy face many decisions: o Who will work? o What goods and many of them should be produced? o What resources should be used in production? o At what price should the goods be sold? Society and scare resources: The management of society’s resour...
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ECS2601 ASSIGNMENT_2_SEM_2
- Exam (elaborations) • 6 pages • 2021
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Distinguish between an exogenous and endogenous variable and list the exogenous variables in the IS-LM model. Most important endogenous (dependent) variables in the In the IS-LM model: (Y) Level of production & income (i) the interest rate. Thus any variable influenced by (Y) and/or (i) is an inherent endogenous variable . The consumption spending variable (C), however, can contain both an exogenous (autonomous) and an endogenous component as it has an exogenous (autonomous) component (c...
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ECS2604 ASSESSMENT 4 SEM 2 OF 2023 EXPECTED QUESTIONS AND ANSWERS
- Exam (elaborations) • 11 pages • 2023
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THIS DOCUMENT CONTAINS ECS2604 ASSESSMENT 4 SEM 2 OF 2023 EXPECTED QUESTIONS AND ANSWERS. USE IT AS A GUIDE PLEASE DO NOT PLAGIARISE
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FIN2601 ASSIGNMENT 1 SEMESTER 1 OF 2024 QUESTIONS AND WORKED ANSWERS
- Exam (elaborations) • 11 pages • 2023
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THIS ASSESSMENT CONTAINS FIN2601 ASSIGNMENT 1 SEMESTER 1 OF 2024 WORKED QUESTIONS AND ANSWERS. THE SOLUTIONS WERE CAREFULLY WORKED BY YOUR TOP TUTORS ENSURING THAT YOU SCORE ABOVE 80% AND ALSO UNDERSTAND HOW THE SOLUTIONS WERE DERIVED
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ECS2605 EXAM PACK 2022
- Exam (elaborations) • 269 pages • 2021
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Latest exam pack questions and answers, perfect for exam preparation
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ECS2601-Microeconomics-Notes
- Other • 169 pages • 2021
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ECS2601-Microeconomics-Notes
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ECS26012023 FULL EXAMPACK LATEST PAST PAPERS SOLUTIONS AND QUESTIONS COMPREHENSIVE PACK BY KHEITHYTUTORIALS
- Exam (elaborations) • 57 pages • 2021
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ECS26012023 FULL EXAMPACK LATEST PAST PAPERS SOLUTIONS AND QUESTIONS COMPREHENSIVE PACK BY KHEITHYTUTORIALS
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FAC2601 EXAM PACK 2022
- Exam (elaborations) • 7 pages • 2022
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Latest exam pack questions and answers, perfect for exam preparations
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ECS2601 Assignment 2 2021 AS PER UPDATED TUTORIAL LETTER (To be used as a guideline only)
- Other • 11 pages • 2021
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This document includes the assignment questions, answers and explanations. 100% Mark.
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ECS 2601 Assignment 4 (QUIZ) Semester 1 2023
- Exam (elaborations) • 9 pages • 2023
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1. In the short run, a perfectly competitive firm earning positive profit is … In the short run, a perfectly competitive firm earning positive profit is above its average total cost (ATC). This is because profit is calculated as the difference between total revenue and total cost. If the firm's total revenue exceeds its total cost, it is earning a profit. Since average total cost represents the cost per unit of output, if the firm is earning a profit, it means that the price it receives...
