Madurai Kamraj University (MKU) 2001 M.A Economics cro - - Question Paper

5303 M.A. DEGREE EXAMINATION, OCTOBER 2001.
First Year
Branch III (a) and (c) - Economics
MACRO ECONOMICS
(For those who joined in July 1995 and after)

Time: 3 hours
Maximum: 100 marks

ans any 5 ques..
All ques. carry equal marks.

1. discuss the attainment of General Equilibrium ranging from product and money markets.

2. explain the determinants of Investment demand.

3. Examine the concept of Liquidity Trap and its implications in Macro economic policy.

4. provide a critical analysis of permanent Income hypothesis.

5. discuss Patinkin’s Real Balance Effect.

6. explain the rational expectations hypothesis.

7. What is Effective demand? How does it determine the level of employment?

8. Show how to Phillip’s curve explains "trade off" ranging from unemployment and inflation.

9. discuss the monetary approach in achieving equilibrium and stabilization in balance of payments.

10. explain the objectives of macro economic policy and means to achieve them.

Earning:   Approval pending.