ECS3701
EXAM PACK
FOR ASSISTANCE WITH THIS MODULE +27 67 171 1739
, UNIVERSITY EXAMINATIONS
May/Jun 2024
ECS3701
Monetary Economics
100 Marks
Duration: 2 Hours
First Examiner: Prof TLA Leshoro
Second Examiner: Ms T Molesane
External Examiner: Ms PA Mathebula
This paper consists of 10 pages, including this cover page and the invigilator app page.
There are 5 questions in this paper.
CONFIDENTIAL
Instructions:
(1) Once you have completed your answers submit them as a single document in PDF format using the
eAssessment tool on the myExams portal. It is preferable for you to type your answers (Font: Arial 12)
and then convert your document to PDF format for submission. However, if this is not possible, you
may also write your answers down and scan them into a PDF file. Please write legibly.
(2) Start with a cover page stating the module code (ECS3701) and your student number.
(3) This should be followed by your answers to the questions.
(4) Make sure that each question and sub-questions are clearly numbered.
(5) While you are not required to cite your sources, this does not mean that you can simply copy information
from any source. You need to answer the questions in your own words. Plagiarism will not be tolerated
and may result in disciplinary action if detected. Plagiarism will result in zero marks awarded.
(6) Please ensure that you submit a declaration of honesty on myUnisa.
(7) You will need your student number and password to access this platform.
(8) You need to accept the honour pledge because it is compulsory for every student otherwise you will not
be able to access the paper, let alone upload it. This information will be used to report to the Student
Disciplinary Committee should incidents of plagiarism be suspected.
(9) Please preview and verify your document before you submit to ensure that it is free of errors, it is
readable, that your PDF document is NOT encrypted to a “secured” mode and it is NOT password
protected as these files cannot be marked. Virus-infected files will also not be marked.
(10) You have 2 hours to complete this assessment.
(11) Late submissions will NOT be marked. Emailed scripts will NOT be marked.
(12) Once you have submitted on the dedicated platform, you will receive an on-screen message of
successful submission. Please keep this email safe as a proof of your submission.
(13) If you insist on not being able to upload on the submission portal, you must contact the number and
email address provided in the QA documents posted on the announcement on the module page and
provide screenshots of the error screens.
STUDENT NUMBER
[TURN OVER]
, Page 2 of 10 ECS 3701
05/06 2024
Good Luck!
, Page 3 of 10 ECS 3701
05/06 2024
ANSWER ALL FIVE QUESTIONS
Question 1 [25 marks]
1.1 There have been debates about how the government of South Africa can combat the increasing
inflation. While some economists are calling for the SARB to print more money, others are
against it.
As a third-year economics student, advise the government of South Africa on whether to print
more money or not. Highlight 3 implications and 3 advantages of the suggestion given. [10]
1.2 Given the global increase in inflation resulting from the Russian invasion of Ukraine, name and
explain the three tools that the South African Reserve Bank (SARB) can use to decrease
inflation. [9]
EXAM PACK
FOR ASSISTANCE WITH THIS MODULE +27 67 171 1739
, UNIVERSITY EXAMINATIONS
May/Jun 2024
ECS3701
Monetary Economics
100 Marks
Duration: 2 Hours
First Examiner: Prof TLA Leshoro
Second Examiner: Ms T Molesane
External Examiner: Ms PA Mathebula
This paper consists of 10 pages, including this cover page and the invigilator app page.
There are 5 questions in this paper.
CONFIDENTIAL
Instructions:
(1) Once you have completed your answers submit them as a single document in PDF format using the
eAssessment tool on the myExams portal. It is preferable for you to type your answers (Font: Arial 12)
and then convert your document to PDF format for submission. However, if this is not possible, you
may also write your answers down and scan them into a PDF file. Please write legibly.
(2) Start with a cover page stating the module code (ECS3701) and your student number.
(3) This should be followed by your answers to the questions.
(4) Make sure that each question and sub-questions are clearly numbered.
(5) While you are not required to cite your sources, this does not mean that you can simply copy information
from any source. You need to answer the questions in your own words. Plagiarism will not be tolerated
and may result in disciplinary action if detected. Plagiarism will result in zero marks awarded.
(6) Please ensure that you submit a declaration of honesty on myUnisa.
(7) You will need your student number and password to access this platform.
(8) You need to accept the honour pledge because it is compulsory for every student otherwise you will not
be able to access the paper, let alone upload it. This information will be used to report to the Student
Disciplinary Committee should incidents of plagiarism be suspected.
(9) Please preview and verify your document before you submit to ensure that it is free of errors, it is
readable, that your PDF document is NOT encrypted to a “secured” mode and it is NOT password
protected as these files cannot be marked. Virus-infected files will also not be marked.
(10) You have 2 hours to complete this assessment.
(11) Late submissions will NOT be marked. Emailed scripts will NOT be marked.
(12) Once you have submitted on the dedicated platform, you will receive an on-screen message of
successful submission. Please keep this email safe as a proof of your submission.
(13) If you insist on not being able to upload on the submission portal, you must contact the number and
email address provided in the QA documents posted on the announcement on the module page and
provide screenshots of the error screens.
STUDENT NUMBER
[TURN OVER]
, Page 2 of 10 ECS 3701
05/06 2024
Good Luck!
, Page 3 of 10 ECS 3701
05/06 2024
ANSWER ALL FIVE QUESTIONS
Question 1 [25 marks]
1.1 There have been debates about how the government of South Africa can combat the increasing
inflation. While some economists are calling for the SARB to print more money, others are
against it.
As a third-year economics student, advise the government of South Africa on whether to print
more money or not. Highlight 3 implications and 3 advantages of the suggestion given. [10]
1.2 Given the global increase in inflation resulting from the Russian invasion of Ukraine, name and
explain the three tools that the South African Reserve Bank (SARB) can use to decrease
inflation. [9]
