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Bhr 105; Introduction To Macroeconomics Question Paper

Bhr 105; Introduction To Macroeconomics

Course:Bachelor Of Science In Human Resource Development

Institution: Moi University question papers

Exam Year:2012

MOI UNIVERSITY
SCHOOL OF HUMAN RESOURCE AND DEVELOPMENT
DEPARTMENT OF DEVELOPMENT STUDIES
1ST YEAR 2ND SEMESTER EXAMINATIONS-2012/2013 ACADEMIC YEAR
BSc.IN HUMAN RESOURCE DEVELOPMENT

BHR 105: INTRODUCTION TO MACROECONOMICS

INSTRUCTIONS TO CANDIDATES
Answer Questions ONE and any other THREE Questions

SECTION A [COMPULSARY]
1.a] Distinguish between “excess demand” and “cost-push” causes of inflation [7mks]
b]What policy measures can a country use to control inflation? [10mks]
c] Explain the factors which influence the Demand for money[8mks]

SECTION B:Answer ANY THREE Questions
2.Discuss the three approaches used in measuring the national income of a country and show why they give the same estimates [15mks]
3.Explain how monetary policies are used to influence the performance of an economy [15mks]
4. Illustrate with diagrams the circular flow of income and expenditure in a Three Sectoreconomy. Examine its significance in economic analysis [15mks]
5. a] Citing practical examples, explain the differences between the following types of unemployment listed below and how each affects economic growth:
1] Seasonal and voluntary unemployment [4mks]
11] Disguised and real wage unemployment [4mks]
b] Discuss the measures which can put in place to deal with this phenomenon [8mks]

6. Explain the credit creation capacity of a Commercial Bank and examine its limitations in this process [15mks]

Bhr 105; Introduction To Macroeconomics Question Paper

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