University of Lucknow 2005 B.A Economics (III) , ( I) - Question Paper
B.A ( Part III) exam 2005
Economics
1st Paper
A-245
c
B. A. (Part III) Examination, 2005 ECONOMICS First Paper (Macro-Economics)
Time Allowed : Three Hours Maximum Marks : 50
Note: Attempt one question from each of the four Units, Question No, 1 is compulsory. In all, answer Five questions, Marks are indicated against each question,
m mm 3 t Sfifo f# % W 5TFT I 5RFT tm 1 I I I 3tR
A-245
i ipft % m 3% | i
1. Write short,-answers to the following : 20 (j) Gross National Product and Gross Domestic Product
(ii) Circular flow of income
(iii) Multiplier
( 2 )
(iv) Relative income hypoibeHs
(v) Role of investment in Domar's model
(vi) Marginal efficicncy of capital
(vii) Cobweb theorem
(viii) Says law of markets
(ix) Motives for liquidity preference
(x) Final goods and intermediate goods. Rflrci % flifem :
(ii) -3TT -nf trqff
(iii) wm
(iv) .( , :
(v) nq?i # #Tt 5
(Vi) ft iiRR: WTnT
(vii) WPfra >!%r
(ix) awt? % mm
Discuss the various alternative approaches to
1
the ineasureraer.t of national income. ?~
TnTU 3M % BJCR "t jqtS Sfjr
fatqn tflnT j
Define National Income and distinguish between : 7
z.1-
(i) GNP at market price and GNP at factor
COM
(ii) GNP and NNP
fiil) Private income and Personal income, TfBfta 37i mt 'qftHr mm m
:
n) 3MT Rfqt w tfrffq y?qR W
?IF|r! Ml mm <F#i
(ii) WPi rFU IP S?M-3
(jii) mi <m m~(! pr i
Unit II
fS?f II
How is the kvei ol employment determined in the Keynesian model ? la what respects does it diifer from classical model ? /
% mm 3 m mi Pm wm Prefe ficit I ? ?f5i%w wm t m mu ml?
5. Explain the Absolute Income Hypothesis of consumption and point out its limitations. 1~ mm # -3M sqiw m
6. Show that IS-LM curves can be used to
j 1? V"<A 'V---'" '
determine (the equilibrium in the product aiia
V
money markets. 1~
1% jpi WSRf 3 frtprr || IS-LM
srcfr 3jr I i
0 |f7. Why is IS aim; downward siopuig. V What
. factors determine shifts in IS curve ? 7~ IS IS f
J , . Unit IV
|
< | |
|
8. | |
|
; 9m | |
|
X'i | |
|
et! | |
|
r<) | |
|
/ |
t
Explain Hicks theory of Trade Cycle. 7~
Hm % siwr- % 5%sm aft s
of growth. 7~-
t% % *R*Ric*Rj fPRT S||Wf
j
,4-245-4-9000
|
Attachment: |
| Earning: Approval pending. |
