Development Economics And Planning(Buss 327) Question Paper

Development Economics And Planning(Buss 327)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2010

TIME : 2 HOURS
INSTRUCTIONS Answer Question ONE (compulsory) and any Other TWO Questions

Question 1
a) Define economic development and explain its importance to the economy (7marks)
b) Explain the role of foreign aid to the economy of developing countries (10marks)
c) Explain the difficulties encountered by development economists when using economic welfare method of measuring economic development. (7marks)
d) Distinguish between economic growth and economic development (6marks)

Question 2
a) Discuss the assumptions of the Ricardian theory of economic development (10marks)
b) Explain the requirements for the sustainable development (10marks)

Question 3
a) Explain the meaning of economic integration and clearly show its benefit to the economy (10marks) b) Discuss the limitations of the Schumpeterian theory of economic development (10marks)

Question 4
a) Explain the role of government in economic development (10marks)
b) Briefly discuss the “pillars” of the vision 2030 and clearly show how they are connected for the common goal. (10marks)

Question 5
a) Distinguish between monetary and fiscal policies and discuss the main objectives of monetary policy. (10marks)
b) “A poor country is poor because it is poor”. Explain the relevance of the statement in the context of economic development (10marks)

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