Question1. Describe the chief parts of public revenue and expenditure.
Question2. Describe, with the aid of examples, the dissimilar kinds of direct and indirect taxes in Mauritius.
Question3. What are the rationales for imposing such taxes?
Question4. Describe and appraise the Barro-Ricardo Equivalence Proposition.
Question5. Make a distinction between the fixed and floating exchange rate models.
Question6. Illustrate the effectiveness of each of two models.
Question7. Illustrate the mechanics of the Mundell-Fleming model under both the fixed and flexible exchange rate regimes.
Question8. Appraise the rational expectations theory.
Question9. Illustrate the real business cycle theory.
Question10. What are the responsibility of Central Bank?