Macroeconomics Theory 1 Assignment 1 Question Paper

Macroeconomics Theory 1 Assignment 1

Course:Bachelor Of Economics And Statistics

Institution: Kenyatta University question papers

Exam Year:2012

KENYATTA UNIVERSITY
EET 101:MACROECONOMICS THEORY 1

ASSIGNMENT 1 SEMESTER 2 2012
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1.What is a consumer price index? How does it relate to the implicit deflator of the gross international product? How are the two constructed? How far do they really measure the rate of price level change in an economy?

2.Clearly explain the processes which lead to deficits in the balance of payments and steps which may be taken to reserve such processes.

3.What is meant by an inflationary gap? Explain the causes of inflation and the possible tools for the management of a national economy?

4.Explain carefully the doctrine of comparative advantages based on the concept of specialization. What problems are often encountered when nations attempt to individually maximize gains from trade through specialization?

5.Argue the case for and against economic integration with the African continent.

6.Write short notes on the following:

1.Free port
2.Supply side economics
3.Budget deficits
4. Fiscal policies

7.Many developing countries are currently faced with an ever increasing external debt. Clearly describe the possible causes of this indebtedness and the measures that could be taken both the debtors and creditors in reducing the debt burden.

8.What is meant by devaluation? Under what circumstances does a country decide to devalue its currency and what are the expected consequences?

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