Get premium membership and access revision papers, questions with answers as well as video lessons.

Economics Question Paper

Economics

Course:Diploma Course In Management Section 1

Institution: Kenya Institute Of Management (Kim) question papers

Exam Year:2011

Certificate course in management

June 2012 Examination

Subject name: Economics

Date: 6th June 2012

Time: 3 Hours

Instructions
1. Write your index number in the space provided in the answer booklet.
2. Answer any five questions
3. All questions carry equal marks
4. No writing should be done on this question paper
5. Candidates who break KIM examination rules and regulations or commit any malpractice will be Disqualified

1. Illustrate using a well labeled diagram, the equilibrium position in the short run of a firm operating in a perfect market. (12 marks)

b) Differentiate between cost-push and demand-pull inflation. (8 marks)

2. Discuss the fiscal measures used to control inflation (10 marks)

b) Explain the measures that a country like Kenya can use to control unemployment (10 marks)

3. Define elasticity of demand and describe any five determinants. (12 marks)

b) Outline functions of money (8 marks)

4. International trade is not beneficial to any country Discuss (20 marks)

5. Explain stages in the historical evolution of money as a medium of exchange. (10 marks)

b) Differentiate between a shift of and movement along the demand curve. (10 marks)

6. Discuss any five policy instruments that can be used by a country to control inflation (10 marks)

b) Briefly explain features of a monopoly (10 marks)

7. Explain professor J. M Keynes view on unemployment. (8 marks)

b) Describe the three methods of estimating national income of a country. (12 marks)

Economics Question Paper

More Question Papers

Popular Exams