ECS2602 Assignment 1 2025 – Due 30 March 2025

ECS2602
Learning Unit 1 (18 marks)
Watch the following video and answer questions 1 to 5 based on the video. (8
marks)
When answering the questions, use the exact words as the presenter.
The Difference Between Fiscal and Monetary Policy (youtube.com)
Same video: different link: https://youtu.be/o0Yt6buayZ4?si=YdiNNhPB5sn_XSJC

ASSIGNMENT 1 2025

Question 1
According to the video, fiscal policy is the use of government
spending and taxation to influence the economy.

Question 2
Fiscal policy is a powerful tool. The key to its power is the multiplier effect.

Question 3
In the video, there is a reference to supply-side economists, like Milton Friedman.