1) Explain the factors responsible for financial innovations.

2.Define the term "Financial Engineering" and explain 3 main components of financial engineering.

3.Calculate, when the price is Sh.32 per share, the theoretical market price per share of the enlarged capital after the issue (the ex-rights price) and also the market value of a right.

4.Explain the main reasons why multi-national companies (MNC) seek foreigninvestment.

5.Explain the types of political risks that facemulti-nationalfirms in foreign countries.

6.Explain the steps than multi-national firms can take to minimize political risks

7.TNT Ltd has a paid up share capital of 1.2 million shares of Sh.20 each. The current market price per share is Sh.36. The company has no loan capital. Maintainable earnings before tax are forecast at Sh.4.8 million. The companys effective tax rate is 40%. The company requires to raise a further Sh.15 million in order to achieve additional earnings of Sh.2.2 million per year and proposes doing this by means ofa rights issue. Suggested alternative prices for the rights issue are Sh.32 and Sh.25 per share.

8.what was or is the difference between deep social markets and red socialism/communism based markets?

9.What is the impact of economic transformation on the development of status of women

10.State carefully Walker's theory of business profits. Give an opinion as to its value (1) in explaining differences between the returns of different managers, and (2) in eliminating such returns, like rent, from the problem of distribution.

11.Compare the treatment of the theory of money by Boisguillebert, Law, and Hume.

12.What was Adam Smith's doctrine as to rent, and wherein does it differ from that of the Physiocrats, and from that of Ricardo?

13.Make a brief comparison between the general characteristics of the economic writings of Adam Smith and of J. S. Mill.

14.Explain how Malthus illustrated and applied his general principles in his discussion of the movement of population in (a) Sweden and Norway.

15.What should you say to the doctrine that the real source of wages is in the incomes of the consumers of the articles made by the laborers?

16.It has been said that "Mr. Walker's theory is, in reality, not a theory of manager's earnings at all, but a theory of difference in manager's earnings." Do you think this is a sound criticism?

17.Explain what was Bastiat's doctrine as to value; point out wherein it was like or unlike Carey's doctrine on the same subject; and state briefly Cairnes's criticism on Bastiat.

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