lOMoAR cPSD| 47654148
, UNIVERSITY
EXAMINATIONS
October/November 2024
ECS3703
INTERNATIONAL FINANCE
100 Marks
Duration: 3 Hours
First Examiner: Dr NP Vacu- Ngqila
Second Examiner: Dr KO Amusa
External Examiner: Dr L Barnard
The invigilator
, INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Ensure you are connected to the internet in order to log into the Invigilator
App and scan this QR code. If you encounter difficulty in scanning the
QR code, you can alternatively enter the Exam Access Code below the
QR code to start the invigilation.
• If you finish your assessment before the app timer has run out you need to
press the ‘Finish Assessment’ button and follow instructions before you
exit or minimise the app.
• Scan the QR code at the start time of the assessment, unless otherwise
specified by your institution, note that you can only scan this QR code
once. The Invigilator App may request you to take photos of your
examination script after the assessment. Please follow the instructions on
the app and take note that your academic institution may still require you
to submit your script on the relevant portal.
• The QR code is only scannable for a limited time and it should
therefore be scanned as soon as possible after the assessment
commencement time.
• Keep the Invigilator App open on your smartphone for the full duration of
the assessment. You are not allowed to minimise or leave the app during
your assessment.
• You must adhere to the assessment time limit communicated to you by
your institution. The timer displayed in the Invigilator may vary
depending on the start time of invigilation.
FURTHER GUIDANCE
, • If you only have one device you may access your assessment in the
application by pressing the ‘Access Browser’ button in the top right corner
of your app.
• Once the QR code is scanned, ensure your media volume is turned up and
place your smartphone next to you. The Invigilator App will notify you
with a notification beep when you are required to action a photo request,
which you should then perform as soon as possible.
• We recommend that you keep your smartphone on charge for the duration
of the assessment. Ensure you are connected to the internet when
commencing invigilation. You also need to be connected to the internet at
the end of the assessment in order to upload the app data.
• If your assessment has multiple online sections, tests or attempts, you
should NOT finish the invigilation until your entire assessment has been
completed.
• Should you encounter any technical difficulty, please WhatsApp The
Invigilator Helpdesk on +27
.
All the best!!
QUESTION 1 [25 Marks]
Numerous studies have confirmed that the COVID-19 pandemic resulted in
major disruptions in the supply of various categories of goods and services
worldwide. Assuming that South Africa also experienced these disruptions
and is an open economy with flexible prices, explain, using the aggregate
demand and aggregate supply models, the effect that these disruptions would
have on the aggregate long-run and short-run supply of goods and services,
and explain how the South African government can use macroeconomic
policies to mitigate the impact of the disruptions.
, UNIVERSITY
EXAMINATIONS
October/November 2024
ECS3703
INTERNATIONAL FINANCE
100 Marks
Duration: 3 Hours
First Examiner: Dr NP Vacu- Ngqila
Second Examiner: Dr KO Amusa
External Examiner: Dr L Barnard
The invigilator
, INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Ensure you are connected to the internet in order to log into the Invigilator
App and scan this QR code. If you encounter difficulty in scanning the
QR code, you can alternatively enter the Exam Access Code below the
QR code to start the invigilation.
• If you finish your assessment before the app timer has run out you need to
press the ‘Finish Assessment’ button and follow instructions before you
exit or minimise the app.
• Scan the QR code at the start time of the assessment, unless otherwise
specified by your institution, note that you can only scan this QR code
once. The Invigilator App may request you to take photos of your
examination script after the assessment. Please follow the instructions on
the app and take note that your academic institution may still require you
to submit your script on the relevant portal.
• The QR code is only scannable for a limited time and it should
therefore be scanned as soon as possible after the assessment
commencement time.
• Keep the Invigilator App open on your smartphone for the full duration of
the assessment. You are not allowed to minimise or leave the app during
your assessment.
• You must adhere to the assessment time limit communicated to you by
your institution. The timer displayed in the Invigilator may vary
depending on the start time of invigilation.
FURTHER GUIDANCE
, • If you only have one device you may access your assessment in the
application by pressing the ‘Access Browser’ button in the top right corner
of your app.
• Once the QR code is scanned, ensure your media volume is turned up and
place your smartphone next to you. The Invigilator App will notify you
with a notification beep when you are required to action a photo request,
which you should then perform as soon as possible.
• We recommend that you keep your smartphone on charge for the duration
of the assessment. Ensure you are connected to the internet when
commencing invigilation. You also need to be connected to the internet at
the end of the assessment in order to upload the app data.
• If your assessment has multiple online sections, tests or attempts, you
should NOT finish the invigilation until your entire assessment has been
completed.
• Should you encounter any technical difficulty, please WhatsApp The
Invigilator Helpdesk on +27
.
All the best!!
QUESTION 1 [25 Marks]
Numerous studies have confirmed that the COVID-19 pandemic resulted in
major disruptions in the supply of various categories of goods and services
worldwide. Assuming that South Africa also experienced these disruptions
and is an open economy with flexible prices, explain, using the aggregate
demand and aggregate supply models, the effect that these disruptions would
have on the aggregate long-run and short-run supply of goods and services,
and explain how the South African government can use macroeconomic
policies to mitigate the impact of the disruptions.
