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The referencing style is the UCT Author Date Method – you can use the webiste M
The referencing style is the UCT Author Date Method – you can use the webiste Mybib to do this referencing style – just search Univeristy of cape town for the refernecing style once on the webiste. AFTER EVERY SENTENCE, YOU HAVE TO SAY WHERE YOU GOT THE INFO FROM!!! EXMAPLE, (EINSTEIN, 2021). pls do not forget to do this! the max word count is 1800 words, pls stick to this wokrd count! also please include a page of all the webistes. I have attached the essay rubric below, the essay handout which specifies the topic and right at the end of the document is the requiremnts of the essay. PLS ENSURE YOU FOLLOW THE ESSAY RUBRIC AND ENSURE YOU HAVE DISCUSSED EVERYTHING THAT THEY HAVE ASKED FOR!!!!
lastly, you have to draw an AA-DD model for the long run and the short run! pls draw this model on powerpoint or which ever app you use – it cannot be handdrawn. i have included pur prescribed textbook belowe where you can find the AA-DD model there and relate it back to the top in relation to South Africa.
THIS IS THE TOPIC:
“For the economy to grow and for jobs to be created, it is essential that there is a substantial increase in domestic demand. This means that South African companies, government and consumers must buy local,” said President Cyril Ramaphosa.1
In the 2011/2012 financial year, the South African government introduced preferential procurement rules through the Department of Trade and Industry (DTI), where the domestic content of manufactured goods purchased by the government should meet at least some minimum benchmark. Nicknamed “Proudly South African” by the media, the policy aims to promote economic strength and an improved standing in global markets.
Using the AA-DD framework, critically analyse and diagrammatically show if this government spending constrained policy has a bigger effect on South African output than unconstrained South African government spending? Critically analyse the potential impact on domestic output and exchange rates if this policy is extended to all government spending? How do the theoretical predictions line up with reality?
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