Briefly compare the following early contingency theories:
a. Fiedler’s LPC contingency model
b. Fiedler’s cognitive resource theory
c. Hersey and Blanchard’s situational leadership theory
Briefly compare the following early contingency theories:
a. Fiedler’s LPC contingency model
b. Fiedler’s cognitive resource theory
c. Hersey and Blanchard’s situational leadership theory
The neoclassical model of labour supply is based on a number of
assumptions. List and discuss any five assumptions that you think
are most unrealistic for modelling the labour supply decisions made
by workers in a developing country such as South Africa.
Briefly discuss each of the following Structuralist Theories of
economic development.
The Rostow Stages of Growth Theory (List the stages and the
development characteristics of each stage in your discussion.)
The Balanced and Unbalanced Growth Theory
The Dependency Theory of Economic Development
The Lewis Dual-Sector Model of Economic Development
b. How do the above theories differ from the Classical and
Keynesian theories?
Use the neoclassical model of investment to explain the impact
of each of the following on the user cost of capital, the marginal
product of capital, and investment.
a. Anti-inflationary monetary policy decreases the rate of
inflation.
b. An earthquake destroys part of the capital stock.
c. Immigration of foreign workers increases the size of the
labor force.
d. Advances in computer technology make production more
efficient.
Critically discuss two different theories of crisis (choose two
from: Neoclassical,
New Keynesian, Post-Keynesian and Marxian), linking the theory with
its underlying
assumptions. What are the implications for the recommended
regulatory response?
Word Limit - 750
Describe how neoclassical and institutional economists approach
the study of consumption. How do these approaches differ? What do
you think are the advantages of each approach?
As your textbook notes, economists inevitably approach their
studies with certain assumptions about, among other things, human
nature. What kinds of assumptions about who we (humans) are and
what we fundamentally desire have you seen so far in this course?
Do you agree with these assumptions or disagree, and why?
" Different Answers PLEASE!...
Describe how neoclassical and institutional economists approach
the study of consumption. How do these approaches differ? What do
you think are the advantages of each approach?
Economists inevitably approach their studies with certain
assumptions about, among other things, human nature. What kinds of
assumptions about who we (humans) are and what we fundamentally
desire have you seen so far in this course? Do you agree with these
assumptions or disagree, and why?