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Aec 301: Economic Development Question Paper

Aec 301: Economic Development

Course:Economic Development

Institution: Kenyatta University question papers

Exam Year:2008

INSTRUCTIONS: Answer question ONE and any other TWO questions.
Question One
Write short notes on the following terms.

[30 marks]
i)
Economic growth;
ii)
Economic development;
iii)
Basic needs strategy of development;
iv)
Vicious circle of poverty;
v)
Age of mass consumption;
vi)
Reformist strategy;

Question Two
a)
Briefly discuss the O-ring theory of economic development.
[12 marks]
b)
Discuss income inequality and poverty in Kenya in the light of the O-ring theory.

[8 marks]
Question Three
a)
Compare and constract the Solow and Romer models of economic growth.

[12 marks]
b)
Briefly explain the application of each to the study of a developing country.

[8 marks]

1
Question Four
a)
Education is a form of investment and contributes to the growth of the economy.
Do you agree with this statement? Explain your answer using the relevant
economic theories.

[12 marks]
b)
Briefly discuss two micro and two macro strategies of economic development.

[8 marks]
Question Five
a)
Kenya seeks to industrialize by the year 2030 as highlighted in the vision 2030
development strategy. What challenges do you anticipate the government of
Kenya will have to contend with? What do you think can be done to overcome
the envisaged challenges?

[20 marks]

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Aec 301: Economic Development Question Paper

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