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ENS612S-ECONOMICS OF NAMIBIA AND SACU COUNTRIES-2ND OPP-JAN 2025 |
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nAm I BI A u n IVE RS ITY
OF SCI En CE Ano TECH n OLOGY
FACULTY OF FACULTY OF COMMERCE, HUMAN SCIENCES AND EDUCATION
DEPARTMENT OF ACCOUNTING, ECONOMICS AND FINANCE
QUALIFICATION: BACHELOR OF ECONOMICS
QUALIFICATION CODE: 07BECO
LEVEL: 6
COURSE CODE: ENS612S
COURSE NAME: ECONOMICS OF NAMIBIA AND
SACU COUNTRIES
SESSION: JANUARY2025
DURATION: 3 HOURS
PAPER: THEORY
MARKS: 100
SECOND OPPORTUNITY EXAMINATION PAPER
EXAMINER(S) Mr. Mally Likukela
MODERATOR: Mr Ngendeepi
INSTRUCTIONS
1. There are four (4) Questions in this paper.
2. Candidates must answer only four Questions.
3. Answer ALL the questions.
4. Write clearly and neatly.
5. Number the answers clearly.
PERMISSIBLE MATERIALS
1. Examination paper.
2. Examination script.
THIS QUESTION PAPER CONSISTS OF 4 PAGES (Including this front page)
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SECTION A: MULTPLE CHOICE
[10 MARKS]
1. Namibia's policy for attracting FDls into the country is known as:
a) HPP
b) NDP5
c) SEZ
d) EPZ
2. The conditions that serve as a indicator of a looming macroeconomic instability is:
a) Weaknesses in the financial sector
b) Low enrollment rate
c) None of the above
d) All of the above
3. Ministry of Justice fall under ...... branch of the state:
a) Legislature
b) Executive
c) Judiciary
d) None of the above
4. A political system where a democratically elected president is above the law since he is the
one that appoints the law markers is known as a:
a) Democracy
b) Dictatorship
c) Autocracy
d) None of the above
5. Monetary Policy affects economic activities by:
a) Impacting the monetary policy of Namibia
b) Impacting taxes and subsidies of Government
c) Impacting money supply in the country
d) Impacting the money paid to the Banking School of Namibia
6. The largest contributor to the GDP of Namibia is:
a) Tertiary Industry
b) Secondary Industry
c) Government sector
d) Primary industry
7. Prolonged unemployment increases the chances of .........hired/employed:
a) Not being
b) Being
c) All of the above
d) None of the above
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8. Banking and Financial sector falls under:
a) Tertiary Industry
b) Primary Industry
c) Secondary Industry
d) All of the above
9. The usage of tax and public spending constitutes the:
a) EPZ Policy
b) Fiscal policy
c) Monetary policy
d) none of the above
1O.The most effective channel in the monetary policy transmission mechanism of Namibia is:
a) Bank rate channel
b) Asset price channel
c) Credit channel
d) Exchange rate channel
SECTION B:TRUE OR FALSE
[10 Marks]
1. Namibia is maintaining a fixed exchange rate with the Namibia dollar pegged to the
South African Rand because of colonialism.
2. Tax decreases increase funds for private and business spending.
3. Monetary policy cannot be used to reduce unemployment in the country.
4. Mercantilism is in support of Government's leading role in trade.
5. Privatization is a process that involves handing over of government responsibilities to
the private sector.
6. Economic integration leads to less specialization especially for a small country that
Neighbours a big country like South Africa.
7. The CMA is made up of all SADC member countries.
8. Achieving macroeconomic stability does not require creating a transparent system of
public expenditure.
9. Things don't work in government due to measurement challenges.
10. Monetarist do not believe that monetary policy can be effective in preventing inflation.
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SECTION C:
[35 Marks]
Question 1
[10 marks]
Define the following terms
1) Free market system
2) Economic integration
3) Primary Industry
4) Financial intermediary
5) Monetary policy instrument
Question 2:
[15 Marks]
Distinguish between the following comparative terms
1. Absolute and Comparative advantage
2. Legislative and Executive branch of Government
3. Monetary and fiscal policy
Question 3:
[10 marks]
List Ten (10) challenges that are preventing SADC to achieve its stated objectives
SECTION D:
[45 Marks]
Question 1:
[10 marks]
Discuss in detail (with appropriate examples) the five levels of economic integration
Question 2:
[15 marks]
Privatization is seen to be the optimal solution for most government that wants to re-structure
their economic sectors for the benefit of the state, yet many remain opposed to it. In your view,
discuss the main reasons against Privatization.
Question 3:
[20 marks]
Discuss five attributes of good governance
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