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Contrast the major theories of demand for money. Identify a money demand function for small island economy like Mauritius.
Illustrate the mechanics of the Mundell-Fleming model under both the fixed and flexible exchange rate regimes. What are the responsibility of Central Bank?
Describe the accelerator principle and multiplier effect. Make a distinction between the life-cycle theory and permanent income theory of consumption and saving.
Illustrate how an understanding of the relationship between short run and long run average cost curve can be helpful for managerial decision making.
Using the concepts of price elasticity of demand, income elasticity of demand and cross elasticity of demand, write down a report to the manager to describe how the economist’s demand equation
Describe the term Externality, giving examples of negative and positive externalities. Evaluate the role and functions of Bank of Mauritius in ensuring monetary stability in economy.
In 1990 West Germany and East Germany were reunited as single country following over forty years of separate development. West Germany had followed a democratic, market system while East Germany had
Differentiation between monopolistic competition and monopoly. Describe how far estimates of GDP are good measures of national welfare of country.
Make a distinction between the price elasticity of demand, income elasticity of demand, cross elasticity of demand and advertising elasticity of demand.
Describe the definition of economic development as a multidimensional procedure involving major changes in every aspect of a society. Describe the costs and benefits of being a small and remote islan
Critically describe the potentials or threats of Monetary Union in Africa. Clearly appraise monetary policies that are accessible for banking and/or economic regulation.
Illustrate the term velocity of circulation of money. By comparing the Fischer’s Quantity Theory of money and Keyne’s Liquidity Preference Framework, describe clearly how velocity of cir
Make a distinction between the Life-cycle theory and Permanent income theory of consumption and saving. Using suitable diagrams make a distinction between inflationary and deflationary gaps.
Describe the mechanics of the Mundell-Fleming model under both the fixed and flexible exchange rate regimes. Explain the effectiveness of floating exchange rate model.
Appraise competitive strategies employed by firms’ operating in monopolistic competition market structure. Explain how managers use the concepts of agent–principal problem and incentives t
Describe the major causes of inflation in Mauritius. Critically analyse the costs of inflation. Which of these items is likely to have encouraged the Mauritian government in its adoption of inflatio
What are the economic reasons for the protectionism? Does the National Income figure accurately reflect the living standard of population?
What are the causes of inflation in economy? Illustrate the policy implications which the central bank will implement if there is excess liquidity in the market.
Illustrate with the aid of a diagram, the Electronic Commerce “Consumer Behaviour Model”. What are the 4 major strategies employed to compile user profiles in order to determine consumer b
Just as there is competition in businesses and the conventional market, competition also takes place in the digital economy. What are the characteristics compulsory for perfect competition in digita
Describe the meaning of syndication, which is considered as an EC mechanism. Describe by means of a diagram the “syndication supply chain”. Support your answer with concise explanatory not
State the term INCOTERMS 2000. What are the major roles of the buyer and the seller under the following INCOTERMS 2000: CIF, EXW and FOB?
The Managing Director has requested you, as the Procurement Manager of AW, to write a report highlighting the issues which require to be addressed before a final decision concerning the adoption of
Explain the numerous types of conditions which might exist in a contract. State three kinds of exemption clauses.
In Zambia, is the demand for fuel elastic or inelastic? Explain why? State an illustration to support your answer.