806 Autumn 2012 Q.3. Discuss in detail The Keynesian MEC theory of investment
Keynes emphasized the importance of expectations (entrepreneurship mood), which is affected by the
state of the market for their product (which is in turn determined by factors
4671 Spring 2012 Q.1. Define and differentiate economic
development. Also list down the core values of development.
[Note: 3 core values discussed in detail in case theyre asked in 20 mark question. Also
covers the following questions:
4671 Spring 2012 Q.2. Explain in detail any 6 components that are necessary to understand
the structure of 3rd world countries.
Definition of 3rd world country: The term Third World arose during the Cold War to define countries
that remained non-aligned w