ECS2602 Macroeconomics
University of South Africa
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ECS2602 ASSIGNMENT 2 SEMESTER 1
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---36april 20222021/2022A
- 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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lectdenis
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ECS2602 ASSIGNMENT 3 ONLINE ASSESSMENTSEMESTER 2 2022
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2.0(1)2.01154april 20222021/2022A+
- 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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lectdenis
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Tentamen (uitwerkingen)
ECS2602 ASSIGNMENT 1 SEMESTER 1 2022
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--234maart 20222021/2022A+
- 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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lectdenis
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Tentamen (uitwerkingen)
ECS2602 ASSIGNMENT 1 SEMESTER 1
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---15februari 20222021/2022A+
- 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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lectdenis
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Samenvatting
ecs2602-summaries-and-notes.Exam Prep.
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---130november 20212021/2022
- 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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ExellentStudyResources
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Samenvatting
ECS2602 New-exam-Notes.
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---124november 20212021/2022
- 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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ExellentStudyResources