Veer Narmad South Gujarat University 2010 M.A Economics of Growth and Devlopment ( Part 2 ) . - Question Paper
RC-3265
M. A. (Part - II) Examination
April/May - 2010
Economics of Growth & Development
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[Total Marks : 70
N Seat No.:
Name of the Examination :
Name of the Subject:
Economics of Growth & Development
-Section No. (1,2......): Nil
Student's Signature
-Subject Code No.:
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Instructions : (1) As per the instruction no. 1 of page no. 1.
(2) All questions carry equal marks.
(3) Answer to both the sections be written separately.
1 What is surplus value? Explain Marxian theory of economic development with respect to surplus value.
OR
1 Write briefly :
(a) Adam Smith's theory of economic growth.
(b) Ricardo's model of Economic Growth.
2 Explain the meaning of balanced economic growth. Discuss critically the unbalanced economic growth theory of Hirschman.
OR
2 What do you mean by unlimited supply of labour? Discuss in detail the Lewis heory of unlimited supply of Labour and Economic Development.
3 Examine critically Harrod Domar model. To what extent is it applicable to underdeveloped countries?
3 Write briefly :
(a) Capital Output Ratio
(b) Cost benefit analysis.
4 Write short notes : (any two)
(a) Input-Output model of Leontief.
(b) Schumpeter's theory of Economic development
(c) Non-economic parameters for measuring economic development
(d) Rostow's stages of Economic Growth.
RC-3265] 3 [ 200 ]
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