Economic Development Question Paper

Economic Development

Course:Bachelor Of Arts In Economics

Institution: Kenyatta University question papers

Exam Year:2009

ENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2009/2010
FIRST SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF
ARTS AND BACHELOR OF EDUCATION

AEC 301: ECONOMIC DEVELOPMENT

DATE: Wednesday 23rd December, 2009 TIME: 11.00 a.m. ? 1.00 p.m.

INSTRUCTIONS: Answer question ONE and any other TWO questions.

QUESTION ONE

Write short notes on the following:
a)
Vicious circles of poverty;
b)
Reformist strategy of economic development;
c)
Economic development;
d)
Age of mass consumption;
e)
Micro-type
development
strategies [30
marks]

QUESTION TWO
a)
Briefly discuss the O-ring theory of economic development and its application to
income
inequality
in
Kenya.
[14
marks]
b)
List any six determinants of poverty in Kenya that you know.
[6 marks]

QUESTION THREE
a)
Compare and contrast the Keynesian and Classical models of economic growth.

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

[8 marks]
QUESTION FOUR

a)
With the aid of a well-labeled diagram, discuss the process of economic growth as
explained by Lewis? theory of economic
growth.
[12
marks]
b)
Briefly discuss any two micro and two macro strategies of economic
development.
[8
marks]
QUESTION FIVE

a)
The Marxian theory of economic development has lost favor with most economic
development policy makers. Why do you think is the case? Explain in detail.

[12 marks]
b)
Outline and briefly explain any four strategies employed to alleviate poverty in
Kenya.

[8 marks]
????????.
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