Econ 441: International Economics I Question Paper

Econ 441: International Economics I

Course:Bachelor Of Science In Economics And Statistics

Institution: Chuka University question papers

Exam Year:2013

UNIVERSITY EXAMINATIONS
EXAMINATION FOR THE AWARD OF DEGREE
OF BACHELOR OF SCIENCE ECONOMICS AND STATISTICS

ECON 441: INTERNATIONAL ECONOMICS I

STREAMS: ECON&STAT TIME: 2 HOURS

DAY/DATE: WEDNESDAY 14/8/2013 11.30AM – 1.30 PM
INSTRUCTIONS:

Answer Question ONE and any other TWO Questions

Question One

(a) Distinguish between international trade and international finance. [4 Marks]

(b) Explain the causes for the explosion of international trade in the world. [4 Marks]

(c) Explain the advantages and disadvantages of international trade. [8 Marks]

(d) Discuss the reasons why developing countries suffer from unfavorable terms of trade. [8 Marks]

(e) Explain the situation of Autarky in the economy. [6 Marks]

Question Two

(a) Compare and contrast Thomas Munn and Adam Smith views on international trade. [10 Marks]

(b) Explain the effects of a country’s exchange rate policy on international trade.
[8 Marks]
Question Three

(a) Discuss the methods used for protection in international trade. [10 Marks]

(b) Discuss the arguments for and against protection. [10 Marks]

Question Four

(a) Explain the Hecksher Ohlin theory of international trade and point out its superiority over the classical theory. [10 Marks]

(b) With the aid of diagrams explain the gains for international trade. [10 Marks]

Question Five

(a) Discuss the role of international trade on economic development of Kenya. [10 Marks]

(b) Explain David Ricardo’s theory of international trade. [10 Marks]

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