economics paper 2 november possible essays

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NSC Nov 2021 Economics P2

This is Economics Paper 2 for National Senior Certificate November 2021. Grade 12 learners will benefit greatly when using it as part of their examination preparation.

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Economics Grade 12 Essays pdf download

Economics Grade 12 Essays pdf download: Essays play a very big role in your success in Economics, because you must choose ONE essay to answer in each question paper, counting 40 marks out of the grand total of 150 marks. Each essay counts 40 marks. This study guide includes essay topics that have been asked in past question papers. Make sure that you study each of these topics:

DISCUSS IN DETAIL REGIONAL DEVELOPMENT IN SOUTH AFRICA IN TERMS OF THE INTERNATIONAL BENCHMARK CRITERIA .

INTRODUCTION -Regional development is the establishment of new industries in areas that are underdeveloped in order to create employment and improve the standard of living.

MAIN PART THE INTERNATIONAL BENCHMARK CRITERIA

1. Good governance. -Regional development strategies should be managed effectively and free of corruption. -Democratic decision making, transparency, financial management and control should be a culture of the organisations. -Projects should be correctly programmed, monitored and evaluated.

2. Integration. -An integrated approach, ensuring that the benefits of one region spill over to other industries and areas. -This can be in the form of infrastructure or social services.

3. Partnerships -Partnerships should be built between central government, local authorities and civil society. -These partnerships encourages commitment which leads to good results.

4. Provision of resources -Sufficient resources should be provided in resource-poor areas. -When infrastructure and human resources are available in the rural areas the business will be attracted to invest there which will lead to economic growth.

5. Competitiveness.

-Industries or business established as a result of regional policies should be competitive and not need ongoing financial aid from government. -This encourages self sufficiency and independence which in turn improves economic growth.

6. Investment in social capital. -Governments need to improve the quality of education and healthcare in a region. -Development for people involves providing essential services and goods that improve the living standard of people in a region. -Examples include food, housing and security

7. Free market orientation -The government will have to allows the forces of demand and supply to be the ones that regulates the market. – This can be done by removing barriers that block other businesses from entering the market in order to encourage competition.

8. Sustainability -The government should find measures to ensure that we do our economic activity in such a way that we do not harm the environment. -The use of local resources will also offer the most cost-effective solutions.

CONCLUSION -The South African government has entered into several agreements and projects that support development in Southern Africa for the benefit of South Africa.

Requirements to pass Grade 12 | Matric

Hey,  Grade 12  Learner! Do you know what it takes to obtain your Grade 12 Certificate?  All matric students in South Africa are required to register to write at least 7 subjects and they may not fail more than one subject. Failing more than one subject means you have failed matric. Thus, in order to pass you need to meet the following requirements:

• Obtain at least 40% for your Home Language
• Pass two other subjects with 40%, an
• Get 30% for three other subjects

Career Times is here for you:  We have compiled all useful career resources for you to take your career to the higher levels, such as: Schools Directory , Career Options , Jobs , as well as study resources for other Grades ( Grade 11 , Grade 10 , and Grade 12 ) All the best!

This is your year to pass with distinction!!!

Your meory plays a very importantpart in the learning process. In order for information to be stored in long-termmemory, it first needs to pass through your short-term or working memory. This stage of memory is limited in the amount of information it can retain. Information you receive in class must be  written down  or you will forget it. When revising from your textbooks, seek out the important information and write it down. Organise it logically. Reduce it to key terms or a form that is easy to remember.  NB: Take online Quizzes and Tests for different  Grade 12  Subjects on:  modernclassroom.co.za

We have organised all  grade 12  resourcesfor you so that youdont struggle. Check below very usefull resources for your studies even beyond Grade 12 :

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ECONOMICS PAPER 2 GRADE 12 QUESTIONS - AMENDED SENIOR CERTIFICATE PAST PAPERS AND MEMOS MAY/JUNE 2017

ECONOMICS PAPER 2 GRADE 12 SENIOR CERTIFICATE EXAMINATIONS MAY/JUNE 2017 INSTRUCTIONS AND INFORMATION

• Answer FOUR questions as follows in the ANSWER BOOK: SECTION A: COMPULSORY SECTION B: Answer TWO of the three questions. SECTION C: Answer ONE of the two questions.
• Answer only the required number of questions. Answers in excess of the required number will NOT be marked.
• Number the answers correctly according to the numbering system used in this question paper
• Write the question number above each answer.
• Read the questions carefully.
• Start EACH question on a NEW page.
• Leave 2–3 lines between subsections of questions.
• Answer the questions in full sentences and ensure that the format, content and context of your responses comply with the cognitive requirements of the questions.
• Use only black or blue ink.
• You may use a non-programmable pocket calculator.
• Write neatly and legibly.
• selling price.
• total cost.
• marginal cost.
• economic profit.

1.1.2 The supply curve for a firm in a perfectly competitive market has a … slope.

1.1.3 Differentiated products are …

• heterogeneous.
• homogeneous.

1.1.4 The demand curve that explains oligopolistic behaviour is described by some theorists as …

• horizontal.

1.1.5 The market is unable to protect the environment because it is mainly driven by …

• self-interest.
• social interest.
• social cost.
• the community.

1.1.6 The implementation of inflation targets is the responsibility of the …

• South African Revenue Services.
• Department of Finance.
• South African Reserve Bank.
• Department of Trade and Industry.

1.1.7 For a trip to be classified as part of tourism, the maximum length of stay should be less than … year(s).

1.1.8 Global warming is the result of the emission of … gases into the atmosphere.

• oxygenated (8 x 2)

(16) 1.2 Choose a description from COLUMN B that matches the item in COLUMN A. Write only the letter (A–I) next to the question number (1.2.1–1.2.8) in the ANSWER BOOK.

(8 x 1) (8) 1.3 Give ONE term for each of the following descriptions. Write only the term next to the question number (1.3.1–1.3.6) in the ANSWER BOOK. 1.3.1 A cash incentive given to a producer to lower the cost of production 1.3.2 A situation where one firm fixes a price and other firms accept it as the market price 1.3.3 The spillover effect of an economic activity that affects third parties 1.3.4 An excessive rise in the general price level, sometimes referred to runaway inflation 1.3.5 The dumping of waste matter into the environment 1.3.6 The long-term change in weather patterns which includes changes in temperature, rainfall patterns and wind (6 x 1) (6) TOTAL SECTION A: 30

SECTION B Answer any TWO of the three questions in this section in the ANSWER BOOK. QUESTION 2: MICROECONOMICS 40 MARKS – 30 MINUTES 2.1 Answer the following questions. 2.1.1 Give any TWO examples of community goods. (2 x 1) (2) 2.1.2 Why is the demand for skilled labour difficult to adjust in South Africa? (1 x 2) (2) 2.2 Study the graph below and answer the questions that follow.

2.3.1 Name the institution in the extract that investigates anticompetitive behaviour in South Africa. (1) 2.3.2 Identify ONE aspect that was influenced negatively by ArcelorMittal's anticompetitive behaviour. (1) 2.3.3 What is the role of the Competition Tribunal? (2) 2.3.4 What is meant by market dominance? (2) 2.3.5 How will ArcelorMittal's anticompetitive behaviour affect the industrial sector? (2 x 2) (4) 2.4 Distinguish, without using graphs, between productive inefficiency and allocative inefficiency. (2 x 4) (8) 2.5 Draw a fully labelled graph to illustrate the economic loss of a monopoly market structure. (8) [40] QUESTION 3: CONTEMPORARY ECONOMIC ISSUES 40 MARKS – 30 MINUTES 3.1 Answer the following questions. 3.1.1 Name any TWO World Heritage Sites in South Africa. (2 x 1) (2) 3.1.2 How can people be educated to manage the environment in such a way that sustainability is ensured? (1 x 2) (2) 3.2 Study the information below and answer the questions that follow.

3.2.1 Identify the average price of a kilowatt per hour (kW.h) electricity in 2002. (1) 3.2.2 What trend does the average price of electricity show, as represented in the graph? (1) 3.2.3 Briefly describe the term administered-price inflation. (2) 3.2.4 Why does NERSA allow Eskom to have price increases above the inflation rate? (2) 3.2.5 Why is it important that NERSA regulates electricity prices in South Africa? (2 x 2) (4) 3.3 Study the table below and answer the questions that follow.

3.3.1 Identify TWO purposes in the table above why South Africans travelled domestically. (2) 3.3.2 Briefly describe the term domestic tourism. (2) 3.3.3 What is a possible reason for the decline in holiday trips between 2015 and 2016? (2) 3.3.4 Calculate the number of people who undertook business trips in 2016. Show ALL calculations. (4) 3.4 Briefly discuss the granting of property rights as a measure to sustain the environment. (4 x 2) (8) 3.5 How can indigenous knowledge systems (IKS) be used to increase tourism in South Africa? (4 x 2) (8) [40] QUESTION 4: MICROECONOMICS AND CONTEMPORARY ECONOMIC ISSUES 40 MARKS – 30 MINUTES 4.1 Answer the following questions. 4.1.1 Name TWO environmental problems that affect environmental sustainability. (2 x 1) (2) 4.1.2 How will the producer react if the government implements a maximum price on his product? (1 x 2) (2) 4.2 Study the information below and answer the questions that follow.

4.2.1 Identify ONE of the five big banks in South Africa. (1) 4.2.2 What, according to the extract, prevents any entrepreneur from entering the banking industry in South Africa? (1) 4.2.3 Briefly describe the concept oligopoly. (2) 4.2.4 Explain the nature of the product offered by the banking industry. (2) 4.2.5 How do banks compete to increase their market share in South Africa? (2 x 2) (4) 4.3 Study the extract below and answer the questions that follow.

4.3.1 In which city was the world wildlife conference held? (1) 4.3.2 Identify the aim of CITES in the extract above. (1) 4.3.3 Briefly describe the term conservation. (2) 4.3.4 Why is elephant poaching a threat to the environment? (2) 4.3.5 How can CITES contribute to the conservation of elephants? (2 x 2) (4) 4.4 Briefly discuss the reasons for growth in the tourism industry. (2 x 4) (8) 4.5 Why is a cost-benefit analysis (CBA) necessary for public sector projects? (8) [40] TOTAL SECTION B: 80 SECTION C Answer any ONE of the two questions in this section in the ANSWER BOOK. Your answer will be assessed as follows:

QUESTION 5: MICROECONOMICS 40 MARKS – 40 MINUTES Markets are the backbone of economic activities in any country.

• Compare the market structure of a monopolistic competitor to that of a perfect market. (26)
• Explain, with the aid of a graph, how economic profit is achieved for a perfect competitor. (10) [40]

QUESTION 6: CONTEMPORARY ECONOMIC ISSUES 40 MARKS – 40 MINUTES The disadvantage of a market economy is often demonstrated by inflation.

• Discuss the causes of cost-push inflation. (26)
• Advise the Minister of Finance on how to use taxes as an instrument to combat inflation. (10) [40]

TOTAL SECTION C:40 GRAND TOTAL: 150

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Economics Revision Essay Plans

Last updated 17 Dec 2019

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This series of resources provides revision essay plans for a wide variety of essay topics, including synoptic questions.

For the 2019 papers check out our collection of videos on building A* evaluation into your answers

Have you tried our series of more than 50 Quizlet revision activities? Click here to access!

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