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Problem 1:
(a) Critically examine the differences between the Neo-classical growth models and the endogenous growth theory.
(b) Show the relevance of such models in explaining economic growth in Mauritius.
Problem 2:
Enumerate and critically appraise the contribution of different reforms in agriculture to development. To what extent are these reforms applicable to the case of Mauritius?
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Problem 1: a. Describe the concept of opportunity cost, using the production possibility curve. b. What are the fundamental problems of an economy? Describe how the command
Economic Rent - Economic rent is difference between what firms are willing to pay for the input less the minimum amount required to obtain it. * An Example - There are tw
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