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

M.A. DEGREE EXAMINATION, OCTOBER 2001
First Year
Branch III (a) and (c) - Economics
MICRO 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. define Macro Model in Economics.

2. elaborate the basic principles of Marginal Utility?

3. define the revealed Preference Theory.

4. discuss the laws of returns.

5. explain the role of Elasticity of Substitution in Production.

6. discuss short run and long run equilibrium of firm.

7. How price is determined in Monopoly?

8. define the role of value judgment in Economics.

9. discuss the compensated Demand Curve.

10. Examine Ricardian theory of Distribution. _________________________ ZB O 5303 M.A. DEGREE EXAMINATION, OCTOBER 2001. 1st 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. _____________________ 5305 M.A. DEGREE EXAMINATION, OCTOBER 2001. 1st Year Branch III (a) and (c) - Economics DEVELOPMENT 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. elaborate the assumptions of Ricardian Theory for Economic Development? Point out the defects in the theory. 2. define the contents of classical theory. Also point out the defects in it. 3. elaborate the merits of Hirschman theory of unbalanced growth? 4. elaborate the objectives of allocation of resources? discuss the importance of allocation of resources. 5. elaborate the reasons for the failures of planning in India. 6. elaborate the reasons for the export instability in the developing countries? Suggest measures to insure stability. 7. elaborate the causes for low capital formation in India? Suggest measures to improve it? 8. Point out the differences ranging from the models of Harrod and Domar. 9. discuss how far Schumpeter’s analysis is applicable to less developed countries. 10. elaborate the merits and demerits of takeoff of Rostow to the under developed countries? ZE 0 5306 M.A. DEGREE EXAMINATION, OCTOBER 2001. 2nd Year Branch III (a) and (c) - Economics FiscAL 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. What is a budget? When is a budget stated to be balanced? elaborate the circumstances leading to a deficit budget? 2. explain the influence of elasticity of demand and elasticity of supply on tax shifting. 3. explain the influence of elasticity of demand and elasticity of supply on tax shifting. 4. Trace the growth of India’s public debt since independence. 5. Bring out the role of Fiscal policy in promoting economic growth in India. 6. discuss the effects of income tax on production and distribution. 7. Assess the role of Finance Commission of India bringing out their recommendations. 8. explain the limitations of Federal Finance in developing countries like India. 9. What is the functions of tenth finance commission? Comment its recommendation. 10. explain the salient features of the New Economic policy of the Indian Government. ________________________ ZF 0 5307 M.A. DEGREE EXAMINATION, OCTOBER 2001. 2nd Year Branch III (c) and (a) - Economics INTERNATIONAL 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. Examine the statement that the theory of comparative costs explains international trade from the side of supply only. 2. Critically discuss Ohlin’s theory of international trade. 3. Distinguish ranging from balance of trade and balance of payments. 4. discuss the various kinds of Exchange Rate determination. 5. define trade surplus as a source of development. 6. Examine the case for and against Free Trade for developing countries. 7. discuss the need for theory of comparative cost advantage in the situation of economic development of developing countries. 8. Critically evaluate Factor-Price Equalisation Theorem. 9. elaborate the objectives of and functions of the World Trade Organisation? 10. elaborate the classifications and features of Multinational Corporations? ____________________ ZG 0 5308 M.A. DEGREE EXAMINATION, OCTOBER 2001. 2nd Year Branch III (a) and (c) - Economics MANAGERIAL 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 responsibilities of a manager. 2. Analyse the determinants of demand with their relationships. 3. discuss the laws of returns to scale in production. Also state the causes for increasing returns to scale. 4. elaborate the methods for inventory cost management? 5. explain sales maximization theory in price determination. 6. define product line pricing. 7. discuss the significance of selling cost. 8. explain the need for and kinds of profit forecasting. 9. How to evaluate investment proposals? 10. What is the significance of monetary policy in business decisions? _______________________ ZP 0 5310 M.A. DEGREE EXAMINATIONS, OCTOBER 2001. 2nd Year Branch III (a) and (c) - Economics INDIAN ECONOMY (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. Review the latest patterns in the distribution of National income in India. 2. elaborate the determinants of money supply? 3. discuss the demand for and supply of labour. 4. discuss how equilibrium rate of exchange is determined. 5. discuss the merits and demerits of Direct and Indirect Taxation. 6. explain the different estimates of poverty line. 7. State the issues involved in marketing different agricultural commodities. Review the working of co-operative markets in India. 8. Print out the shortcomings of the Public Sector in India. How will you improve the public sector? 9. explain the process of liberalization and its impact on industry in India. 10. elaborate the causes, consequences and cures for parallel economy? ___________________________ M.A. DEGREE EXAMINATION, OCTOBER 2001.

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