Exam (elaborations)
MICROECONOMICS SEM 1 AND 2 2023
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Tutorial Letter 101/3/2023 Microeconomics ECS 2601 Semesters 1 and 2 Department of Economics
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ECS2601/101/3/2023Tutorial Letter 101/3/2023
Microeconomics
ECS 2601
Semesters 1 and 2
Department of Economics
This tutorial letter contains important information
about your module.
BARCODE
, CONTENTS
Page
1 INTRODUCTION .......................................................................................................................... 3
2 PURPOSE AND OUTCOMES ...................................................................................................... 3
2.1 Purpose ........................................................................................................................................ 3
2.2 Outcomes ..................................................................................................................................... 4
3 LECTURER(S) AND CONTACT DETAILS................................................................................... 4
3.1 Lecturer(s) .................................................................................................................................... 4
3.2 Department ................................................................................................................................... 4
3.3 University ...................................................................................................................................... 5
4 RESOURCES ............................................................................................................................... 5
4.1 Prescribed book(s) ........................................................................................................................ 5
4.2 Recommended book(s) ................................................................................................................. 6
4.3 Electronic reserves (e-reserves) ................................................................................................... 6
4.4 Library services and resources information ................................................................................... 6
5 STUDENT SUPPORT SERVICES ................................................................................................ 6
6 STUDY PLAN ............................................................................................................................... 7
7 PRACTICAL WORK ..................................................................................................................... 9
8 ASSESSMENT ........................................................................................................................... 10
8.1 Assessment criteria..................................................................................................................... 10
8.2 Assessment plan ........................................................................................................................ 11
8.3 Assignment numbers .................................................................................................................. 12
8.3.1 General assignment numbers ..................................................................................................... 12
8.3.2 Unique assignment numbers ...................................................................................................... 12
8.5 Submission of assignments ........................................................................................................ 13
8.6 The assignments......................................................................................................................... 14
8.7 Other assessment methods ........................................................................................................ 35
8.8 The examination ......................................................................................................................... 35
9 FREQUENTLY ASKED QUESTIONS ........................................................................................ 36
10 SOURCES CONSULTED ........................................................................................................... 38
11 IN CLOSING ............................................................................................................................... 38
12 ADDENDUM ............................................................................................................................... 39
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, ECS2601/101/3/2023
Dear Student
1 INTRODUCTION
We are pleased to welcome you to the second year Microeconomics module. This is one of the
most important tutorial letters for this module, so read it carefully. We hope you will find the module
both interesting and rewarding. You will be well on your way to success if you start studying early
in the semester and resolve to do both the assignments properly. Doing the assignments is a vital
part of the course.
You will receive a number of tutorial letters during the semester. A tutorial letter is our way of
communicating with you regarding teaching, learning and assessment.
In this tutorial letter, you will find the assignment questions, information on assessment criteria
and student support services, as well as instructions for the preparation and submission of your
assignments. The tutorial letter also provides all the information you need regarding the
prescribed study material, other course-related resources and the way to obtain them. Please
study all the information carefully and make sure that you obtain the prescribed material
(prescribed book) as soon as possible!
We also included certain general and administrative information about this module. Pleasestudy
the relevant sections of the letter carefully.
You are advised to read all the tutorial letters you receive during the semester immediately and
carefully, as they always contain important and, sometimes, urgent and critical information.
We hope that you will enjoy this module and wish you all the best!
2 PURPOSE AND OUTCOMES
2.1 Purpose
Tutorial Letter 101 contains important information about the scope of the work, the resources and
the assignments for the module. We urge you to have it readily available when you are working
through the study material, preparing your assignments, preparing for the examination and
addressing questions to your lecturers. The main purpose of this tutorial letter is to help you
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, navigate your way to understanding the module content as well as to help you with important
administrative procedures in order for you to pass the module.
2.2 Outcomes
Studying microeconomics is like building a model, say of a ship. The more you understand the
concepts, the better your model will look. All the concepts you study are interrelated. In the end,
they will help you build a clear, neat and sensible model of microeconomics.
More specifically, the main outcomes of this module are that you acquire a thorough knowledge
of the following:
• the role of microeconomics in the economy
• (through revision) demand and supply, as well as the elasticity theories
• consumer behaviour, using the indifference curve map and income constraint approaches
• production theory, using production functions based on isoquants and isocosts to derive
cost curves
• expanded theories on perfect competition, monopoly, monopolistic competition and
oligopoly
For assessment purposes, you should be able to describe, explain and discuss these tools and
theories, as well as apply them to policy-related problems. More detailed module outcomes are
found at the beginning of each learning unit in the study guide.
3 LECTURER(S) AND CONTACT DETAILS
3.1 Lecturer(s)
Please find the contact details of the lecturers who are responsible for this module on the welcome page
of ECS2601 on myUnisa. All queries that are not of an administrative nature but content related should
be directed to the lecturers.
3.2 Department
The Department of Economics has moved to Hazelwood. The physical address is Samuel Pauw Building,
Muckleneuk, Pretoria.
You can also contact the department's coordinator, Mrs Mpho Mudau at 012 433 4686.
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