Punjab University 2010-2nd Year B.A Economics- : A , :- , - Question Paper
Tuesday, 07 May 2013 06:50Web
ECONOMICS- Paper : A
(Macro Economics)
B.A. 2nd Year
Time Allowed: 3 Hours Maximum Marks : 90
Note: (i) Attempt 5 ques. in all, selecting atleast 1 from every
Section A,B,C and D. ques. No. one is compulsory.
1. Answer any 9 of the following:
(a) Assumptions of Classical Theory of Employment.
(b) Meaning of Full Employment as per Classical economists.
(c) Distinguish ranging from Induced and Autonomous investment.
(d) If value of MPC=0.75, obtain the value of Multiplier.
(e) What are the motives behind Liquidity Preference ?
(f) Differentiate ranging from Money Market and Capital Market.
(g) Explain Inflationary Gap.
(h) Who gains from inflation ?
(i) What is suppressed inflation ?
(j) Differentiate ranging from Comparative Static and Dynamic Multiplier concepts.
(k) Define Money.
(l) Define Marginal Efficiency of Capital(MEC).[Marks 2x9=18]
SECTION-A
2. Define Macro Economics. What is the importance and limitations of
Macro economics ?[Marks 18]
3. Explain Keynesian Theory of Employment.[Marks 18]
SECTION-B
4. Explain the meaning of 'Propensity to Consume.'Discuss the factors
which determine the propensity to consume.[Marks 18]
5. "Multiplier is a 2 edged sword.It will cut for you or against you."
Explain the statement.[Marks 18]
SECTION-C
6. Critically examine Fisher's volume Theory of Money.[Marks 18]
7. Critically examine Keynes's Theory of Money and Prices.[Marks 18]
SECTION-D
8. Explain "Demand Pull" and "Cost Push" inflation. Suggest measures to
control inflation.[Marks 18]
9. Explain the meaning and objectives of Monetary Policy. explain various
instruments of Monetary Policy.[Marks 18]
Earning: Approval pending. |