University of Pune 2011-3rd Sem M.A Economics , ester, EC-301:cro- Analysis-1. - Question Paper

M.A (Part 2) (Third Semester) Examination, 2011
Economics
EC-203: Macro- Economic Analysis-1
(2008 Pattern)
Time : 3 hours Maximum Marks : 80
N.B. :- 1) Attempt All ques..
2) Figure to the right indicate full marks.
3) ans should be precise and to the point.
1. ans any 1 of the subsequent ques. in 500 words : [marks 20]

(1) Compare classical approach and Keynesian liquidity preference approach to demand for money.
(2) What do you mean by investment Multiplier? discuss the process of investment multiplier with the process of investment multiplier with the help of suitable example.

2. ans any 1 of the subsequent ques. in 500 words : [marks 20]

(1) discuss and evaluate the absolute income hypothesis and life cycle hypothesis in consumption.
(2) What is accelerator? discuss fully how it effects investment.

3. . ans the subsequent ques. in 250 words every (any two) : [marks 20]

(1) discuss the circular flow of income in 2 sector economy.
(2) discuss Keynes' Psychological legal regulations of consumption.
(3) discuss the factor affecting Marginal Efficiency of Capital.
(4) elaborate the factors that determine money supply?

4.Write short notes on (any four): [marks 20]

(1) Social accounting
(2) Relative Income Hypothesis
(3) High Powered money
(4) Money multiplier
(5) kinds of budget deficits
(6) LM curve.

Earning:   Approval pending.