MAASAI MARA UNIVERSITY
REGULAR UNIVERSITY EXAMINATIONS
2018/2019 ACADEMIC YEAR
THIRD YEAR FIRST SEMESTER
SCHOOL OF BUSINESS AND ECONOMICS
BACHELOR OF SCIENCE INECONOMICS
BACHELOR OF SCIENCE IN FINANCIAL ECONOMICS
BACHELOR OF SCIENCE IN ECONOMICS AND STATISTICS
BACHELOR OF SCIENCE IN AGRICULTURAL
ECONOMICS AND RESOURCE MANAGEMENT
BACHELOR OF AGRIBUSINESS MANAGEMENT
COURSE CODE: ECO 3105
COURSE TITLE: DEVELOPMENT ECONOMICS
DATE: 13TH DECEMBER 2018 TIME: 11.00AM – 13.00PM
INSTRUCTIONS TO CANDIDATES
Answer Question ONE and any other THREE questions
This paper consists of 2 printed pages. Please turn over.
QUESTION ONE
a) With reference to a country of your choice drawn from Asia, Latin America
or Africa, using the internal and external barriers to development, discuss
the fundamental structural changes that the country would have to
undertake for substantial progress to be made. (15 Marks)
b) Explain the relationship between debt overhang and economic growth.
(5 Marks)
c) Explain why increased savings and investment are perceived as necessary
but not sufficient conditions for economic growth. (5 Marks)
QUESTION TWO
(a) Explain the four key elements of dualistic –development thesis. (5Marks)
(b) Discuss any five Sustainable Development Goals. (10 marks)
QUESTION THREE
(a) With reference to Kenya Vision 2030, discuss the concept of leading
sectors. (10 Marks)
(b) Discuss reasons why donors and recipient countries give and receive Aid.
(5 Marks)
QUESTION FOUR
Explain the essential distinctions among the stages of growth theory of
development, the structural change models and the theory of international
dependence, which model do you think provide the best explanation of the
situation in Kenya? Explain your answer. (15 Marks)
QUESTION FIVE
a) Economic growth and development definitely requires a break with the
past. Discuss with reference to structural transformation. (8 Marks)
b) Widespread poverty, high unemployment, and growing income inequality
make Kenya a country of economic as well as geographic diversity. Discuss
(7 Marks)
