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Problem 1
(a) Explain the evolution of exchange rate system in Mauritius.
(b) According to you, what factors determine exchange rates in the long run?
Problem 2
"Inflation is always and everywhere a monetary phenomenon." Discuss.
Problem 3
Clearly evaluate monetary policies that are available for banking and/or economic regulation.
Problem 4
Critically discuss the potentials or threats of a Monetary Union in Africa.
Why elasticity is important for economic analysis? Elasticity is a significant concept in understanding the incidence of indirect taxation, marginal concepts as they relate to
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Name the two actors in the basic neoclassical (or traditional microeconomic) model of economics, and identify the assumptions the model makes of these two actors. Firms and hou
Use of Income elasticity of demand: Income elasticity of demand on the other hand, has the following uses (i) Income elasticity of demand shows how the pattern of consumer de
1. Explain externality, how can government intervene to achieve allocative efficiency in case of external cost or external benefit? 2. Explain oligopoly's structure and use game t
what is the homogeinity of demand function wrt prices and income
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