1.1. Discuss the 3 main reasons for sticky prices under New Keynesian Economics

1.2. Briefly discuss the three types/components of investment

1.3 Illustrate and explain what is meant by the life-cycle hypothesis

1.4. Using graphs/diagrams where necessary, compare and contrast the "life-cycle hypothesis and the permanent income hypothesis.

1.5. Compare and contrast the intertemporal choice hypothesis and the Keynesians theory of consumption.

1.6. The theory of the Real Business Cycle argues that fluctuations in output and employment are optimal responses to shocks in the economic. Discuss the RBC assumptions and highlight the critics of each assumption.

1.7. Describe the life-cycle hypothesis and how it relates to intertemporal choice.

1.8. On what assumptions did Keynes base his theory of consumption? How does his theory

relate to intertemporal choice and the lifecycle hypothesis?

1.9. How do macroeconomists distinguish between flexible and sticky prices and wages?

1.10. What are the determinants of economic growth according to the Endogenous growth theory? How relevant are these factors for the growth of African countries?