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Economic Policy And Analysis Question Paper

Economic Policy And Analysis

Course:Bachelor Of Commerce

Institution: Kabarak University question papers

Exam Year:2008

INSTRUCTIONS:
1. Question one is COMPULSORY
2. Attempt any other TWO (2) questions.
3. You are encouraged to be concise and avoid ambiguous answers
4. All diagrams should be fully labeled

Question 1 (30 Marks)
a) Define and indicate the context within which the following concepts are used:
i) Economic efficiency (2 marks)
ii) Market information (2 marks)
iii) Information asymmetry (2 marks)
iv) Policy evaluation (2 marks)
v) Fiscal policy (2 marks)
b) Poverty, income inequality and unemployment rank among the macroeconomic
problems. What policy actions would you recommend to overcome these
problems? (10 marks)
c) Most developing countries have very sound policy prescriptions to the many
problems that bedevil them yet they never seem to overcome these problems.
What explains this situation? (10 marks)
Question 2
Choosing either Kenya’s Agricultural policy or Kenya’s industrial policy, respond to the
following
a) What issues does the policy address (5 marks)
b) What are the policy objectives? (5 marks)
c) Specify and discuss the policy implementation strategy (10 marks)
Question 3
“The current global wave towards liberalization should be fully embraced in Kenya. Not
only does the working of the free market achieve efficient results, any government
intervention is just an unwelcome efficiency-reducing interference”. Discuss
(20 Marks)
Question 4
During the inauguration on 30th December 2002, H.E. Mwai Kibaki stated that:
³The era of roadside policy declarations is gone. My government¶s decision will be
guided by teamwork and consultations´
a) What is the significance of the above statement in the context of Kenya’s public
policy process? (10 marks)
b) Potentially, what factors promise greater success in Kenya’s public policy process
today than during previous eras? (10 marks)
Question 5
a) Define the term Multinational Corporation (2 Marks)
b) what has been the contribution of the Multinational Corporations in developing
countries? (8 marks)
c) What has been the effect of a liberalized market on the activities and operations of
Multinational Corporations (5 Marks)
d) Explain the policy instruments that the Kenya Government can use to control the
operations of Multinational Corporations (5 Marks)

Economic Policy And Analysis Question Paper

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