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Question 1:
i. Explain the likely effects of a recession on a government's budget?
ii. How is the operation of fiscal policy supposed to affect the level of economic activity within an economy?
Question 2:
i. Explain what you understand by public goods and merit goods. ii. Evaluate the role and functions of the Bank of Mauritius in ensuring monetary stability in the economy.
Question 3:
i. Distinguish between a tariff and a quota and their economic implication for the Government in international trade finance?
ii. What is a Balance of Payments (BOP) and how Government would intervene to correct a BOP deficit.
Question 4:
i. Explain what is Economic Growth and its potential benefits to the economy.
ii. Explain the term Externality, giving examples of positive and negative externalities and how government deals with these externalities.
State ramsey rule of optimal commodity taxation and the intuition for it
A variety of interventions can affect outcomes. The important one are, intervention to solve coordination problem, information as an interventions, interventions to change the dyn
Suppose there are two inputs in the production function, labor (L) and capital (K), which can be combined to produce Y units of output according to the following production functio
Write a short note on product mix efficiency?
Question 1: (a) Describe and distinguish between the Linear Stages Theory and the Structural Change Models. (b) What are the limitations of each of the above two models.
What is the link between efficiency wages and shirking? There are two firms A and B identical in all respects except the following. In firm A increased expenditure on monitoring co
Question 1: " Public policy gives one a better understanding of what governments do, why they do what they do and what difference public policy makes to the lives and circumst
The fragmentation and redundancies of the U.S federal system are expensive in terms of coordination and personnel costs. Would you favor or oppose greater consolidation? Why or why
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Q. Importance of heterogeneity? The importance of heterogeneity for public policy process can be summarized in two propositions. - Heterogeneity or conflict of interests is
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