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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.
how do a traditional economy, a market, a centrally planned economy, and a mixed economy differ?
general equilibrium analysis of taxation in shven and whalley (1984) article
Since complexity theory as a tool, has not been included in the standard tool kits of our economics courses, it is pertinent to have a basic idea of before proceeding to apply to t
Q. Define Heterogeneity? We know that breaking of the assumptions of homogeneity of agents, in welfare economics, makes it difficult to define social welfare function. Breakin
NIGERIA IS A COUNTRY WITH DUTCH DISEASE DISCUSS
Q. What can we do then while aiming at the public policy? From the above, one task emerges immediately, that is of quantifying all economic and non economic effects of a certa
Your organisation has tasked your to reduce the rate of a particular type of incident or particular type of high risk hazards which is commonly occurring. Your task requires you to
what are the costs and consequences of providing the subsidies and welfare?
Apply general attribution theory to analyze and explain each party''s attitudes and conclusions. Hint: Use consensus, consistency, distinctiveness, and the fundamental error. 2. Ex
Types of production function
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