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Ird 103: Development Concepts And Application Question Paper

Ird 103: Development Concepts And Application

Course:Development Concepts And Applications

Institution: Masinde Muliro University Of Science And Technology question papers

Exam Year:2015

(University Of Choice)
MASINDE MULIRO UNIVERSITY OF SCIENCE AND TECHNOLOGY
(MMUST)
MAIN,BUNGOMA,MUMIAS,WEBUYE,KAFUCO CAMPUS
UNIVERSITY EXAMINATIONS
2015/2016 ACADEMIC YEAR
FIRST YEAR FIRST SEMESTER EXAMINATIONS
FOR COMMON COURSES
COURSE CODE: IRD 103
COURSE TITLE: DEVELOPMENT CONCEPTS AND APPLICATIONS
DATE: 9/12/2015 TIME:9:00 -12:00PM

INSTRUCTION TO CANDIDATES
ATTEMPT ANY FOUR QUESTIONS
TIME: 3 Hours
MMUST observes ZERO tolerance to examination cheating
This Paper Consists Of 2 Printed Pages. Please Turn Over

QUESTION ONE
Briefly show your understanding of the following paired concepts
Cost of living and standard of living
Underdevelopment and undevelopment of a country
Custom union and common market
Command planning and indicative planning (5 marks each=25)
QUESTION TWO
What are the key objectives of development? (6 marks)
Explain clearly the costs which economic growth imposes on society (10 marks)
Briefly explain why GNP ( Gross National Product) is not a measure of economic welfare(9 marks)
QUESTION THREE
Between Rostow’s stages theory and the Marxism theory of social-economic transformation which theory explains developing countries development prospects better? Justify your opinion (25 marks)
QUESTION FOUR
Explain how the following sectors can be transformed in order to achieve Kenya’s long term sustainable development objectives:
Informal sector
Energy sector
Tourism
Agriculture
Industry
QUESTION FIVE
Suggest appropriate policy interventions that can be used to resolve the following sub-Saharan macroeconomics problems
Food insecurities
Income inequalities
High international debts
Terrorism (25 marks)
QUESTION SIX
Why did the International Financial Institution (IMF) and World Bank prescribe structural adjustment programmes to LCD’s? (12 marks)

Ird 103: Development Concepts And Application Question Paper

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