Monetary Economics III ECS3701 Semesters 1 and 2 Department of Economics

Monetary Economics III ECS3701 Semesters 1 and 2 Department of Economics CONTENTS Page 1 INTRODUCTION ..........................................................................................................................4 2 PURPOSE AND OUTCOMES......................................................................................................4 2.1 Purpose ........................................................................................................................................4 2.2 Outcomes .....................................................................................................................................4 3 LECTURER(S) AND CONTACT DETAILS...................................................................................5 3.1 Lecturer(s) ....................................................................................................................................5 3.2 Department...................................................................................................................................5 3.3 University......................................................................................................................................6 4 RESOURCES...............................................................................................................................6 4.1 Prescribed book............................................................................................................................6 4.2 The study guide ............................................................................................................................6 4.3 Other resources – printed support material ...................................................................................7 4.4 Library services and resources .....................................................................................................8 5 STUDENT SUPPORT SERVICES................................................................................................8 5.1 Contact with fellow students: Study groups...................................................................................8 5.2 myUnisa........................................................................................................................................9 5.3 What does it mean to study fully online? .......................................................................................9 6 STUDY PLAN...............................................................................................................................9 6.1 Proposed study programme........................................................................................................10 7 SUMMATIVE ASSESSMENT – ASSIGNMENT .........................................................................11 7.1 Assignments and learning...........................................................................................................11 7.2 Enquiries about assignments ......................................................................................................11 7.3 Submitting assignments..............................................................................................................11 7.4 Comments and feedback on assignments ..................................................................................12 7.5 Assessment criteria.....................................................................................................................12 7.6 Assessment plan ........................................................................................................................12 7.7 Assignment numbers ..................................................................................................................13 7.7.1 General assignment numbers .....................................................................................................13 7.7.2 Unique assignment numbers and due dates ...............................................................................14 7.8 Submission of assignments ........................................................................................................14 7.9 The assignments ........................................................................................................................14 7.10 Examination admission and semester mark................................................................................14 ECS3701/101/3/2019 3 8 FORMATIVE ASSESSMENT – EXAMINATION.........................................................................15 9 ASSIGNMENT QUESTIONS......................................................................................................16 9.1 Assignment 01 for Semester 1 (Compulsory)..............................................................................16 9.2 Assignment 02 for Semester 1 (Optional)…………………………………………………………… 23 9.3 Assignment 01 for Semester 2 (Compulsory)..............................................................................24 9.4 Assignment 02 for Semester 2 (Optional) ...................................................................................31 4 Dear Student, Welcome to Monetary Economics III 1 INTRODUCTION This tutorial letter contains important information about the scheme of work, resources and assignments for this module. Please read it carefully and consult it whenever you need to as you work through the study material, prepare your assignments, prepare for the examination and pose direct questions to your lecturers. This tutorial letter also contains the assignments and assessment criteria, as well as instructions for preparing and submitting the assignments. It also provides all the information you need with regard to the official study material and other resources and how to obtain these. Please study this information carefully and make sure that you obtain the prescribed textbook as soon as possible. 2 PURPOSE AND OUTCOMES 2.1 Purpose The fundamental objective of this module is to give you an insight into the world of monetary economics, which includes how financial markets operate, the functions of the Reserve Bank, and definitions of several monetary terms such as money, inflation, real and nominal variables and so on. For instance, you should be able to apply your knowledge of monetary economics in order to determine how the South African economy functions. 2.2 Outcomes Once you have com