Question: 1. Compare and contrast German Historical School's inductive method with Marginalist's deductive method. By using an example, discuss why both methods were finally accepted as

1. Compare and contrast German Historical School's inductive method with Marginalist's deductive method. By using an example, discuss why both methods were finally accepted as complementary to each other. (20 marks)

2. According to the Institutionalist School, "a complex organism cannot be understood if each segment is treated as if it were unrelated to larger entity". Explain whether this statement is supported or rejected by (i) Keynesian School (ii) Chicago School (New Classicism). (30 Marks)

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