Tamil Nadu Open University (TNOU) 2006 B.A Economics 3rd Year " Thought :" UG 734 - Question Paper
UG-734 BEC-7
B.A. DEGREE EXAMINATION - JUNE 2006. Third Year
(For candidates admitted in AY 2003-04 only) Economics ECONOMIC THOUGHT Time : 3 hours Maximum marks : 75
SECTION A (3 x 5 = 15 marks)
Answer any THREE questions.
All questions carry equal marks.
1. Explain the basic ideas of mercantilism.
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2. Examine the advantages and disadvantages of division of labour.
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3. Discuss the Marxian Theory of surplus value. LDrriTnS)asT a_uif1 ldIul) GrLumlni_ aSlcurrlaa.
4. Explain the relevance of Gandhian economic thought to modern India.
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5. Discuss the Marshalls time element concept in value theory.
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SECTION B (4 x 15 = 60 marks)
Answer any FOUR questions.
All questions carry equal marks.
6. What are the essential ideas of marginalist school?
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7. Assess the contribution of Pigou and Pareto to welfare economics.
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8. Examine the main principles of institutional school.
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9. Discuss the Keynesian general theory of employment and point out its limitations.
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10. Explain the contribution of any two Noble Laureates after 1985.
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11. How did J.S. Mill attempt to restate the classical economic doctrines in the light of changing circumstances?
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3 UG-734
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