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ECS1601
Semester 1
Department of Economics
IMPORTANT INFORMATION:
This tutorial letter contains important information
about the module.
CONTENTS
Page
General ...........................................................................................................................................3
ECS1601/202
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GENERAL
Dear Student
This tutorial letter contains the correct answers to Assignment 02, which was included in Tutorial Letter
101/3/2016.
The assignment was another valuable opportunity to learn and to carry on with your preparation for the
examination. The next very important step is to work through this tutorial letter and to study each
explanation carefully. If your answer was incorrect, you must know why to avoid making the same
mistake in the examination. If you answered correctly, make sure that you understood the question and
not merely guessed the correct answer. The examination will include multiple-choice questions (MCQs)
and written questions. Please make sure that you understand all the work.
Remember, only with hard work can we be successful.
Best wishes
Your lecturers
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Explanations
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ECS1601/202
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ECS1601/202
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= + + + and = + + .
<
+++ < ++
<0
<
ECS1601/202
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2015
100
2014
=
165
100
150
= 110
30.
Please contact any of the first-year lecturers if you experience problems with these explanations. We will
gladly assist you. We wish you success.
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