Exam (elaborations)
ECS3701 EXAM PACK 2024/2025
- Course
- Institution
ECS3701 EXAM PACK 2024/2025
[Show more]
Seller
Follow
Seller28
Reviews received
Content preview
lOMoARcPSD|47654148Downloaded by Tonnie Ochieng (tonnieochieng529@gmail.com)
, lOMoARcPSD|47654148
UNIVERSITY EXAMINATIONS
May/June 2023
ECS3701
Monetary Economics
100 Marks
Duration: 2 Hours
First Examiner: Prof TLA Leshoro
Second Examiner: Ms TS Moletsane
External Examiner: Ms PA Mathebula
This paper consists of 11 pages.
CONFIDENTIAL
Instructions:
(1) Once you have completed your answers submit your scripts as a single document in PDF format using
the eAssessment tool on the myExams portal. It is preferable for you to type your answers (Font: Arial
12) and then convert your document to PDF format for submission. However, if this is not possible, you
may also write your answers down and scan them into a PDF file. Please write legibly.
(2) Start with a cover page stating the module code (ECS3701) and your student number.
(3) This should be followed by your answers to the questions.
(4) Make sure that each question and sub-questions are clearly numbered.
(5) While you are not required to cite your sources, this does not mean that you can simply copy
information from any source. You need to answer the questions in your own words. Plagiarism and
cheating will not be tolerated and may result in disciplinary action if detected. Plagiarism and cheating
will result in zero marks awarded.
(6) Please ensure that you submit a declaration of honesty on myUnisa.
(7) You will need your student number and password to access this platform.
(8) You need to accept the honour pledge because it is compulsory for every student otherwise you will not
be able to access the paper, let alone upload it. This information will be used to report to Student
Disciplinary Committee should incidents of plagiarism be suspected.
(9) Please preview and verify your document before you submit it to ensure that it is free of errors, it is
readable, that your PDF document is NOT encrypted to a “secured” mode and it is NOT password
protected as these files cannot be marked. Virus-infected files will also not be marked.
(10) You have 2 hours to complete this assessment.
(11) Late submissions will NOT be marked. Emailed scripts will NOT be marked.
(12) Once you have submitted on the dedicated platform, you will receive an on-screen message of
successful submission. Please keep this email safe as a proof of your submission.
(13) If you insist on not being able to upload on the submission portal, you must contact the number and
email address provided in the QA documents posted on the announcement on the module page and
provide screenshots of the error screens
STUDENT NUMBER
Open Rubric
Downloaded by Tonnie Ochieng (tonnieochieng529@gmail.com)
, lOMoARcPSD|47654148
Page 2 of 11 ECS3701
CONFIDENTIAL 05/06 2023
The Invigilator
INSTRUCTIONS ON THE DAY OF ASSESSMENT:
• Ensure you are connected to the internet in order to log into the Invigilator App and scan this QR code.
• If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam Access Code below the QR
code to start the invigilation.
• Unless otherwise specified by your institution, note that you can only scan this QR code once. If your assessment has
multiple online sections, tests or attempts, you should NOT finish the invigilation until your entire assessment has been
completed.
• Only scan the QR code when the assessment formally commences.
• The QR code is only scannable for a limited time and it should therefore be scanned as soon as possible to
start the invigilation.
• Once the QR code is scanned, ensure your media volume Is turned up and place your smartphone next to you. The
Invigilator App will notify you with a notification beep when you are required to action a request, which you should then
perform. • We recommend that you keep your smartphone on charge for the duration of the assessment.
• If you only have one device, you may access your assessment in the application by pressing the ‘Access Exam’ button
in the top right corner of your app.
• Keep the Invigilator App open on your cell phone for the full duration of the assessment. You are not allowed to
minimise or leave the app.
• Ensure you are connected to the internet in order to commence the invigilation as well as at the end of the assessment.
No internet connection is required during the assessment.
• You have to adhere to the assessment time limit communicated to you by your institution as the time displayed in
the Invigilator App could differ from the time allocated to complete your assessment.
• You can click the "Finish Assessment" button in the app if you finish your assessment early.
• If you are performing a written or Scan-and-Upload assessment:
• The Invigilator App may request you to take a picture of every page of your answer sheet at the end of the assessment.
Unless otherwise specified by your institution, this does NOT replace the normal upload of your script to your
institution’s online portal.
• After completing invigilation and following all app instructions, you must upload your Invigilation App data. If, however
there is a delay in the upload of the app data at the end of the assessment, you should prioritise the upload of your script
to your university portal and you can temporarily minimise the app to do so. Uploading of app data is not time sensitive
and you can come back and do it after you have successfully uploaded your script to the exam portal. • Should you
encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on 073 505 8273.
Good Luck!
ANSWER ALL FIVE QUESTIONS.
Question 1 [20 marks]
Read the excerpt below, taken from the MoneyWeb, and answer the questions that follow:
Ahead of the December festive season spending spree, to rein in spiking inflation, the South African
Reserve Bank (Sarb) ratcheted the repo rate by 75 basis points on Thursday to 7%, as widely
expected.
This is the third consecutive hike by such a margin and the seventh hike in a row, as part of hawkish
moves by the bank’s Monetary Policy Committee (MPC) to bring spiking inflation under control.
Source: Sarb ratchets repo rate by another 75bps - Moneyweb
Downloaded by Tonnie Ochieng (tonnieochieng529@gmail.com)
, lOMoARcPSD|47654148
Page 3 of 11 ECS3701
CONFIDENTIAL 05/06 2023
1.1 Which of the transmission mechanism did the reserve bank use in this case? [2]
1.2 Illustrate the effects of this action on the real variables (Hint: illustrate al l the way to the price
level).
[6]
Downloaded by Tonnie Ochieng (tonnieochieng529@gmail.com)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Seller28. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.66. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now