Section - A
1. Answer the following questions in about 100 words each:
Marks: 5 × 6 = 30
(a) Explain why Karl Marx's prophecy that the capitalist system doomed to collapse did not happen.
(Comment for solution.)
(b) Explain Friedman's demand for money function.
(Comment for solution.)
(c) Monetary policy is the most effective in the classical range and ineffective in the Keynesian range. Comment.
(Comment for solution.)
(d) Compare demand-pull inflation arising from real factors with that arising from monetary factors.
(Comment for solution.)
(e) What are common reasons someone might use derivatives?
(Comment for solution.)
(f) What are the effects of rules of origin on international trade?
(Comment for solution.)
Section - B
Answer any SIX out of the following NINE questions in about 200 words each:
Marks: 15 × 6 = 90
2. While measurement of non-market natural assets may not be perfect, Green National Product is still a preferable alternative to traditional Gross Domestic Product. Comment.
(Comment for solution.)
3. What is Phillips' curve ? How did Phelps and Friedman challenge its theoretical underpinnings ?
(Comment for solution.)
4. With given aggregate demand and aggregate supply curves there will normally be only one point of equilibrium but this may not be the level of full employment. Discuss.
(Comment for solution.)
5. Discuss the role of stock exchange in the secondary market and point out its importance to the corporation. Given your answer by using examples.
(Comment for solution.)
6. Use diagram to explain foreign repercussion. Also explain its implications for international trade.
(Comment for solution.)
7. What is a Physical Quality of Life IndeX ? How does it free the major problems associated with GNP as a measure of development ?
(Comment for solution.)
8. How does speculation occur in the foreign exchange market ? What is a speculative attack ?
(Comment for solution.)
9. To determine whether the balance of payments is in equilibrium or disequilibrium only the autonomous transactions are considered. Explain.
(Comment for solution.)
10. Examine the salient features and economic effects of Multionational Corporations (MNCs).
(Comment for solution.)
Section - C
Answer any FOUR out of the following SIX questions in about 300 words each:
Marks: 15 × 6 = 90
11. Examine the factors that affect supply and demand in the loanable funds model. What effects do budget deficits have upon interest rates ?
(Comment for solution.)
12. Tobin's porfolio balance theory analyses the behaviour of an individual wealth holdar who is uncertain about the future and thus holds a diversified asset portfolio. Discuss.
(Comment for solution.)
13. Briefly portray the Harrod-Domar growth model. Enumerate its strength and weaknesses.
(Comment for solution.)
14. Elucidate Heckscher-Ohlin theory of international trade. Highlight some of the shortcomings of this theory.
(Comment for solution.)
15. Explain Romer's model of Endogenou Techinical change. Discuss the policy implications of endogenous growth theory for both developed and developing economies.
(Comment for solution.)
16. Examine Sen's Capability Approach to development as guiding theory for development policy.
(Comment for solution.)
No comments:
Post a Comment