ECO 511.docx

RICHFIELD GRADUATE INSTITUTE OF TECHNOLOGY (PTY) LTD
FACULTY OF BUSINESS ADMINISTRATION MANAGEMENT & COMMERCIAL SCIENCE QUALIFICATIONS
ASSIGNMENT COVER SHEET
Name & Surname: ______________________ ICAS No: _________________________
Qualification: __________________ Year: _______ Module Name: ____________________
Specialization: _________________________ Assignment Due Date: _______________
ID Number: __________________ Date submitted: __________ Semester: _______________
ASSESSMENT CRITERIA
MARK ALLOCATION
EXAMINER'S MARK
MODERATOR'S MARKS
REMARKS
MARKS FOR CONTENT
QUESTION ONE




QUESTION TWO




QUESTION THREE




QUESTION FOUR




QUESTION FIVE




TOTAL
90



MARKS FOR TECHNICAL ASPECTS
TABLE OF CONTENTS
Accurate numbering according to the numbering in text and page numbers
2



LAYOUT AND SPELLING
Font – Calibri 12
Line Spacing -1.0
Margin should be Justified
4



REFERENCE
According to the Harvard Method
5



TOTAL MARKS
10



TOTAL MARKS FOR ASSIGNMENT
100



EXAMINER'S COMMENTS


MODERATOR'S COMMENTS


Name of the Examiner : __________________ Name of the Moderator: __________________
Signature of Examiner: __________________ Signature of Moderator: __________________
Date : ___________________ Date: ____________________
NB: 1.Candidates are advised to read the guide lines on page 2.
2. Assignment questions are on page 3.
3. For reference use prescribed, recommended books and other resources you may come across.
4. Correct referencing carries ( Marks).

The purpose of an assignment is to ensure that the Student is able to:

Use methods of enquiry and research in a disciplined field.
Interpret and evaluate text.
Have a sound understanding of key principles and theories, rules and awareness.
Solve unfamiliar problems using correct procedures as well as investigate and critically analyse information and report thereof.
Present and communicate information reliably and coherently.
Instructions and guidelines for writing assignments

Use the correct cover page provided by the institution.
All essay type assignments must include the following:
Table of contents
Introduction
Main body with subheadings
Conclusions and recommendations
Bibliography
The length of the entire assignment must have minimum of 5 pages. Typed with font size 12 Calibri
The quality of work submitted is more important than the number of assigned pages.
Copying is a serious offence which attracts a severe penalty and must be avoided at all costs. If any student transgresses this rule, the lecturer will retain the assignments and ask the affected students to resubmit a new assignment which will be capped at 50%.
Use the Harvard referencing method.
Please note that these guidelines are not applicable to quantitative subjects like Accounting and Statistics.







ECONOMICS 511
QUESTION 1 (30 MARKS)
"Society uses its scarce resources to produce goods and services. The alternatives and choices it faces can best be understood through a model of production possibilities."

In terms of the above statement, fully discuss the production possibility frontier (PPF) can be used to explain the concept of scarcity, choice, opportunity cost, and efficient, inefficient and unattainable points of production. Use a diagram to motivate your answer.
QUESTION 2 (60 MARKS)
Read the news clip below and answer the questions that follow:
Is DStv killing competition in South Africa – ICASA will investigate
ICASA will investigate the "lack of competition" in South Africa's subscription TV market.

Bottom of Form

The Independent Communications Authority of South Africa has announced it will launch an investigation into South Africa's subscription television broadcasting market.
"ICASA has the responsibility to ensure that all communications and broadcasting service markets are open, competitive, and sustainable," said ICASA.
It said the investigation is meant to address concerns raised by industry stakeholders, and is a way for ICASA to determine why so few subscription TV services have launched in South Africa.
"Despite multiple attempts to introduce competition in the subscription broadcasting market, only two licensees have been able to launch services."
ICASA is referring to players like TopTV, which applied for business rescue in 2012, was bought by StarTimes, and renamed to StarSat.
"The two entrants have been plagued with sustainability challenges and the others not yet begun operations."
ICASA said it will:
Gather information through stakeholder questionnaires, meetings, and written submissions.
Publish a discussion document for public comments.
Publish a findings document.
There will also be a period for stakeholders to ask questions, and an FAQ document will be published.
ICASA said it expects the discussion document to be published before the end of September 2016.
The entire process is scheduled to be finished before the end of the current financial year, provided stakeholders hold to the deadline.
"Effective stakeholder participation is a key element of the process and its successful outcomes," said ICASA.
Source: http://mybroadband.co.za/news/broadcasting


How would you classify the South Africa's subscription television broadcasting market? (2)
Using relevant theories and graphs explain the South Africa's subscription television broadcasting market. (30)
"Despite multiple attempts to introduce competition in the subscription broadcasting market, only two licensees have been able to launch services."
With reference to the above quote explain the advantages and disadvantages of introducing other service providers to the subscription television market both to DSTV and to consumers.
(28)