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Illustrate the concept of circular flow of income. What do you understand by the term economic growth? Identify and comment briefly on the possible contributors to economic growth.
Using instances explain the concepts of diseconomies and economies of scale? Make a distinction between price, income and cross elasticities of demand for product.
Discuss and describe the various kinds of economies of scale and discuss whether they always enhance the welfare of consumers.
‘There is no relationship between inflation and unemployment either in the short run or in the long run’ Discuss. Critically determine the costs of inflation. Which of these items is like
Describe briefly the SCP paradigm and discuss how far tourists might respond to competition from domestic or foreign rivals by means of dissimilar kinds of economic integration. Use relevant i
Explain the likely consequences of Inflation in economy. Explain and discuss how monetary and fiscal policies might reduce the rate of inflation in economy.
Discuss the likely consequences of a recession on a government’s budget? Explain and discuss the Law of demand and the factors influencing demand for a product or service.
Describe the factors influencing risk-return relationship. What is technical analysis? Write down the basic assumptions of technical analysis.
Describe the classical theory of output and employment. Write down the effects of inflation and how can inflation be controlled?
Explain the meaning and need of Audit in Administration. Analyze the merits of separating Audit from Accounts.
How are the IS-LM functions derived? How do they describe the general equilibrium in the product and money markets. Explain Keynes psychological law of consumption.
Analyse “J.B.Say’s Law of Market”. How do IS and LM use to find out the general equilibrium analysis? Describe the objectives of Macro Economic Policy.
Illustrate the keynesian and monetarist views of inflation? Describe the different monetary measures which are available to Central Bank, giving the advantages and disadvantages of each.
Contrast the major theories of demand for money. Identify a money demand function for small island economy like Mauritius.
Illustrate the mechanics of the Mundell-Fleming model under both the fixed and flexible exchange rate regimes. What are the responsibility of Central Bank?
Describe the accelerator principle and multiplier effect. Make a distinction between the life-cycle theory and permanent income theory of consumption and saving.
Illustrate how an understanding of the relationship between short run and long run average cost curve can be helpful for managerial decision making.
Using the concepts of price elasticity of demand, income elasticity of demand and cross elasticity of demand, write down a report to the manager to describe how the economist’s demand equation
Describe the term Externality, giving examples of negative and positive externalities. Evaluate the role and functions of Bank of Mauritius in ensuring monetary stability in economy.
In 1990 West Germany and East Germany were reunited as single country following over forty years of separate development. West Germany had followed a democratic, market system while East Germany had
Differentiation between monopolistic competition and monopoly. Describe how far estimates of GDP are good measures of national welfare of country.
Make a distinction between the price elasticity of demand, income elasticity of demand, cross elasticity of demand and advertising elasticity of demand.
Describe the definition of economic development as a multidimensional procedure involving major changes in every aspect of a society. Describe the costs and benefits of being a small and remote islan
Critically describe the potentials or threats of Monetary Union in Africa. Clearly appraise monetary policies that are accessible for banking and/or economic regulation.
Illustrate the term velocity of circulation of money. By comparing the Fischer’s Quantity Theory of money and Keyne’s Liquidity Preference Framework, describe clearly how velocity of cir