MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS 2014/2015 ACADEMIC YEAR
FIRST YEAR FIRST SEMESTER
SCHOOL OF BUSINESS AND ECONOMICS
BACHELOR OF AGRICULTURAL ECONOMICS
COURSE CODE: ARE 108
COURSE TITLE:DEVELOPMENT ECONOMICS I
DATE:26TH AUGUST 2015 TIME: 8.30AM – 10.30AM
INSTRUCTIONS TO CANDIDATES
Question ONE is compulsory
Answer any other TWO questions
This paper consists of 2 printed pages. Please turn over.
QUESTION 1
(a) Compare and contrast balanced and unbalanced theories of economic development (10 Marks)
(b) Explain the concept of leading sectors in economic development
(5 Marks)
( c) What are the shortcomings of Ricardian theory of Development
(5 Marks)
(d) What are the fundamental conditions of economic progress as outlined in Keynesian theory of development (5 Marks)
QUESTION 2
Using the two sector model framework, explain the role of agriculture in economic development (15 Marks)
QUESTION 3
(a) What is the rationale for planning in developing economies? (5 Marks)
(b) What are the basic characteristics of comprehensive planning that are common to developing countries? (5 Marks)
(c) Explain five reasons for plan failures in developing countries?
(5Marks)
QUESTION 4
Explain any five factors responsible for differences in economic growth and development between developed and developing countries(15 Marks)
QUESTION 5
Explain the meaning of the following in economic development
i) Traditional Economics
ii) Political economy
iii) Development Economics
iv) Core values of Development
v) Objectives of development (15 Marks)
