Podcast
Questions and Answers
What is the percentage weight of the final written examination in the total course mark?
What is the percentage weight of the final written examination in the total course mark?
- 30%
- 50%
- 70% (correct)
- 40%
How many types of assessment are there in this course?
How many types of assessment are there in this course?
- One
- Four
- Three
- Two (correct)
What constitutes 30% of the total course score?
What constitutes 30% of the total course score?
- Set books
- Reading units
- Tutor-Marked Assignments (correct)
- Final written examination
How many hours is the final written examination expected to last?
How many hours is the final written examination expected to last?
Where can students find the assignment questions for this course?
Where can students find the assignment questions for this course?
How many Tutor-Marked Assignments are there in this course?
How many Tutor-Marked Assignments are there in this course?
What percentage of the total course grade is the final examination worth?
What percentage of the total course grade is the final examination worth?
How many assignments are there in total for the course?
How many assignments are there in total for the course?
What percentage of the total course grade are the best 3 out of 4 assignments worth?
What percentage of the total course grade are the best 3 out of 4 assignments worth?
How many weeks does the course last in total?
How many weeks does the course last in total?
Which module covers the topic of Price Determination?
Which module covers the topic of Price Determination?
Which module covers the topic of Theory of Consumer Behavior?
Which module covers the topic of Theory of Consumer Behavior?
What is the income effect?
What is the income effect?
How can an increase in petrol price affect household consumption?
How can an increase in petrol price affect household consumption?
What is quantity demanded defined as?
What is quantity demanded defined as?
How does the income effect impact consumer behavior?
How does the income effect impact consumer behavior?
What do households do when faced with rising petrol prices, according to the text?
What do households do when faced with rising petrol prices, according to the text?
How does switching to substitute products relate to the income effect?
How does switching to substitute products relate to the income effect?
What is the primary focus of the basic economics principles discussed in the unit?
What is the primary focus of the basic economics principles discussed in the unit?
Why is it important to allocate resources correctly in an economy?
Why is it important to allocate resources correctly in an economy?
In economics, the concept of 'opportunity cost' refers to:
In economics, the concept of 'opportunity cost' refers to:
What determines whether an individual's choice is rational or irrational according to the text?
What determines whether an individual's choice is rational or irrational according to the text?
Which of the following accurately characterizes the interdependency mentioned in the text?
Which of the following accurately characterizes the interdependency mentioned in the text?
Why are human interactions with business and government emphasized in achieving objectives?
Why are human interactions with business and government emphasized in achieving objectives?
What is the primary reason given for the increase in commodity prices?
What is the primary reason given for the increase in commodity prices?
What is the likely consequence of an expected future price rise?
What is the likely consequence of an expected future price rise?
Which income group was most affected by the increase in petrol prices?
Which income group was most affected by the increase in petrol prices?
What is the likely result of panic buying?
What is the likely result of panic buying?
In the example given, are Close-up and Dabur Herbal toothpastes considered substitutes or complements?
In the example given, are Close-up and Dabur Herbal toothpastes considered substitutes or complements?
What is the likely reason for most customers visiting the Dabur Herbal toothpaste shelf?
What is the likely reason for most customers visiting the Dabur Herbal toothpaste shelf?
