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Problem 1:
(a) Critically examine the differences between the Neo-classical growth models and the endogenous growth theory.
(b) Show the relevance of such models in explaining economic growth in Mauritius.
Problem 2:
Enumerate and critically appraise the contribution of different reforms in agriculture to development. To what extent are these reforms applicable to the case of Mauritius?
What barriers to economic growth can be explained using the Harrod-Domar model? Definition and outline of the Harrod-Domar model; growth in national income = savings ratio over
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Differentiate the definition of economics as given by Prof. Marshall and Prof.Robbins. Illustrate the concept of production possibility curve .How PPC is helpful to solve econom
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