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Question 1:
a. Discuss the alternative theories of money demand.
b. Highlight the impact of financial liberalization on the money demand in a small island developing economy like Mauritius.
Question 2:
a. Explain the meaning of neutrality of money and classical dichotomy.
b. Discuss Patinkin's ( 1965) proof of the existence of inconsistency and invalid dichotomy in a Walrasian general equilibrium model containing a money market .
c. Discuss Patinkin's ( 1965) solution to make the above model determinate and consistent.
critically analysis the profit maximisation theory of business firm and illucidet the role of profit in business
Explain factors determining elasticity of demand.
income generation process through investment multiplier
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Using the National Output for Calculating National Income A final method which is more direct is the "output method" or the value added approach . This involves adding up
Explain the importance of managerial economics.
BUSINESS CYCLES Meaning: The business cycle is the tendency for output and employment to fluctuate around their long-term trends. The figure below presents a stylised
Explain Managerial economics according to Mote and Paul Haynes, Mote and Paul: "Managerial economics refers to those characteristics of economics and its tools of analysis mos
Let Consider an economy with three states. The following set of stocks is traded: x 1 =(2,2,0) x 2 =(1,0,3) x 3 =(0,2,4). The t=0 prices of these stocks are give
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