Write brief notes on the following: i) Stamp duty; ( 6 marks) (ii) Tax matters relating to Export Processing Zones. ( 6 marks)

Write brief notes on the following economic concepts: (a) Choice , Scarcity and opportunity cost. (5 marks) (b) Exchange rate. (5 marks) (c ) Producer‟s surplus. (5 marks) (d) Isoquants. (5 marks)

(i) What are the aims of time series analysis? (2 marks) (ii) Describe what a „season‟ is in the context of a time series and give some examples. (2 marks) (iii) Describe the stages in obtaining a time series trend using the method of semi-averages. (2 marks) (iv) Why must […]

(a) State the main sources of monopoly powers. (5 marks) (b) Explain why the marginal revenue curve lies below the average revenue curve in a monopolistic firm (3 marks) (c) Illustrate diagrammatically the output levels for both profit-maximizing and the loss making monopolist firm in the short-run. Give brief explanations. […]

Assume that your proposal to do research has met with success, and you will be paid to do the proposed research project. Commence researching as you were asked to by your employer for the topic you selected. As you do your research, you are asked to: Keep research notes – […]

Your firm is the auditor of Shah Engineering Ltd, and you have been asked to suggest the audit work you will carry out in verifying trade creditors and purchase accruals at the company’s year-end of 31 December 2003. You attended the stock take at the year-end. The Company operates from […]

(a) Define the term Monetary Policy. (2 marks) (b) Discuss any four instruments of this policy used to control and regulate money supply by the Central Banking Authorities. (12 marks) (c) What limits the successful application of these tools (in b above) in developing countries? (6 marks)

(a) Explain what is meant by the terms own price, income and cross elasticities of demand. (9 marks) (b) How and when is the concept of elasticity applied in economic policy decisions. (11 marks)

a) Discuss the different approaches used in the measurement of the National Income of a country. (6 marks) b) The Economic Advisory Department of Examland has estimated that its country‟s marginal propensity to consume equals 0.6, investment in millions of shillings equals 2,000, Government spending 8,000, autonomous consumption 10,000 and […]