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ECS1601 Assignment 05 Semester 02 2023

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ECS1601
Assignment 05
Semester 02
2023

, ECS1601 Assignment 05
Semester 2 2023


Assessment type: Questions requiring written answers and calculations
Examiner(s): ECS1601 lecturers
Due date: 25 October 2023
Total: 40 marks


Information:

• This paper consists of four (4) questions.
• It is based on the learning units in your prescribed Economics 1B study
material.
• The total mark for this paper is 40. Another 10 marks will be awarded for
discussion activities. (For more information, see ECS1601 assessment plan.)
• The maximum word count and mark for each question are shown in brackets.
• Calculators may be used.

Instructions:

• Read each question carefully before you start to answer it.
• Answer ALL the questions.
• For the calculation questions, round off all answers to two (2) decimal places,
where applicable.
• Show all your calculations, where applicable.
• Your assessment must be typed, using the following specifications:
- font: Arial
- font size: 12
- line spacing: 1.5
- Include the word count in your document, as shown below. Please do not
exceed the permitted word count.
- The sections that exceed the permitted word count will not be marked.
- If you are unable to draw graphs and type formulas directly in a Word
document, feel free to draw and write them on a clean piece of paper. You
can then take (a) photograph(s) and insert it/them into your assessment
Word document.
• Save your answer document as a PDF file. Please DO NOT submit or upload
a Word document.
• Upload only one PDF document containing the answers to all four questions.
Submit your answer using the following format:



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