Month: May 2022

10.1 Definition of Economic growth is the increase of per capita gross domestic product (GDP) or other measure of aggregate income. It is often measured as the rate of change in real GDP. Economic growth refers only to the quantity Read More …

9.1 Phases of the Business Cycle Four phases of the business cycle are identified as follows A peak is when business activity reaches a temporary maximum with full employment and near-capacity output. A recession is a decline in total output, Read More …

8.1 Categories of investment Before developing any theories investment choices by people it is important to define what is meant by investment. Investment: is the formation of real capital, tangible or intangible, that will produce a stream of good and Read More …

We discuss the consumption choices of individuals .the theory of intertemporal choice was developed by irving fisher (1867-1947)the intertemporal choice theory is about individual not aggregate consumption but it does not have important implication for aggregate consumption because aggregate consumption Read More …

MAASAI MARA UNIVERSITY REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR FOURTH YEAR SECOND SEMESTER SCHOOL OF BUSINESS AND ECONOMICS BACHELOR OF HOTEL AND HOSPITALITY MANAGEMENT   COURSE CODE: BHM 405 COURSE TITLE: EVENTS AND CONVENTIONS MANAGEMENT DATE:22ND APRIL 2014 TIME: 9.00AM Read More …

  MAASAI MARA UNIVERSITY REGULAR UNIVERSITY EXAMINATIONS 2013/2014 ACADEMIC YEAR SECOND YEAR SECOND SEMESTER SCHOOL OF BUSINESS AND ECONOMICS BACHELOR OF HOTEL AND HOSPITALITY MANAGEMENT   COURSE CODE: BHM 203 COURSE TITLE: FOOD AND BEVERAGE MANAGEMENT DATE: 14TH APRIL, 2014 Read More …