ECS2602 Macroeconomics

University of South Africa

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ECS2602 Only Study Guide
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    ECS2602 Only Study Guide

  • ECS2602 Only Study Guide.
  • ExcelAcademia2026
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ECS2602 ASSIGNMENT 2 SEMESTER 1
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    ECS2602 ASSIGNMENT 2 SEMESTER 1

  • ECS2602 ASSIGNMENT 2 SEMESTER 1 DUE: 30 MARCH 2 1. The fully exogenous variables in the IS-LM model are ... 1. government spending and investment spending. 2. investment spending and money supply. 3. interest rate and government spending. 4. government spending and money supply. 5. level of output and income and the interest rate. Explanation: The correct option is 4. In the IS-LM model, the most important variables that we wish to explain are the level of output and income (Y) and t...
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ECS2602 ASSIGNMENT 3 ONLINE ASSESSMENTSEMESTER 2  2022
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    ECS2602 ASSIGNMENT 3 ONLINE ASSESSMENTSEMESTER 2 2022

  • ECS2602 ASSIGNMENT 3 ONLINE ASSESSMENTSEMESTER 2 POSSIBLE QUESTIONS AND SOLUTIONS Question 1 of 15 This question is based on the following diagram of an IS-LM model for an open economy A decrease in government spending causes ... A. a decrease in the demand for goods and the level of output; a decrease in the demand for money and the interest rate; a depreciation of the domestic currency and the trade balance deteriorates as exports increases. B. a decrease in the demand for goods and ...
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ECS2602 ASSIGNMENT 1 SEMESTER 1 2022
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    ECS2602 ASSIGNMENT 1 SEMESTER 1 2022

  • ECS2602 ASSIGNMENT 1 SEMESTER 1 2 1. Which of the following statements are correct? a. Macroeconomics studies the determination of the level of output and income for a specific firm. b. In macroeconomics we focus on the interaction between different markets, such as the goods market, the financial market, the labour market and the foreign exchange market. c. Real GDP per capita is widely used as a measure of economic welfare or wellbeing of the residents of a country. d. The main ins...
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ECS2602 ASSIGNMENT 1 SEMESTER 1
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    ECS2602 ASSIGNMENT 1 SEMESTER 1

  • ECS2602 ASSIGNMENT 1 SEMESTER 1 Page 1 of 14 This assignment contributes 20% towards your semester mark. Please ensure that this assignment reaches the university before the due date. Answer all questions on a mark-reading sheet. 1. Which of the following statements are correct? a. In this module we only study the demand side of the economy, which includes the goods market and the financial market. The labour market forms part of the supply side analysis and is therefore excluded ...
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ecs2602-summaries-and-notes.Exam Prep.
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    ecs2602-summaries-and-notes.Exam Prep.

  • Learning unit 1: An overview of the South African Macroeconomic Environment Economic growth - Economic growth takes place when the total output (production) of goods and services in an economy increases. It is traditionally defined as the annual rate of increase in total output (production) or income in the economy. This definition has to be qualified in two important respects. 1. Production, or income should be measured in real terms – that is, the effects of inflation should be elimi...
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ECS2602 New-exam-Notes.
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    ECS2602 New-exam-Notes.

  • 1. Which one of the following statements is not a macroeconomic issue? 1. The unemployment rate in South Africa, according to the strict definition, was 26,6% in 2016. 2. The drought experienced in 2015/16 reduced many crop harvests and caused food price inflation in South Africa. 3. The annual inflation rate in South Africa rose from 2015 to 2016. 4. Because of high inflation, it is expected that the interest rate will increase. 5. The drought experienced in 2015/16 reduced the total maiz...
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