M.A-M.A Economics 3rd Sem EC : 305 (Welfare Economics)(University of Pune, Pune-2013)

                                       M.A. (Part II) (Third Semester) EXAMINATION, 2013
                                                             ECONOMICS
                                                  EC : 305 (Welfare Economics)
                                                          (2008 PATTERN)

Time : Three Hours                                                                              Maximum Marks : 80

N.B. :—

(i) Attempt All questions.

(ii) Figures to the right indicate full marks.

(iii) Answers should be precise and to the point.

 

1. Answer any one of the following questions in 500 words : [20]

(1) What is utility function ? Explain issues in interpersonal comparisons of utility.

(2) What is Pareto optimality ? Explain briefly the conditions of Pareto optimality.

2. Answer any one of the following questions in 500 words : [20]

(1) Explain the principle of compensating variation.

(2) Explain in detail Samuelson’s utility possibility curve.

P.T.O.[4304]-306 2

3. Answer any two of the following questions in 250 words each : [20]

(1) Explain the cost-benefit analysis.

(2) Explain Bergson’s social welfare function.

(3) Explain Pigovian welfare economics.

(4) Explain the concept of community indifference map.

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

(1) Problems of public goods

(2) Dynamic welfare analysis

(3) Top level optimum

(4) Marshallian welfare economics

(5) Issues in income distribution

(6) Arrow’s impossibility theorem.

 

 

Earning:  ₹ 7.05/-