Tamil Nadu Open University (TNOU) 2006 B.A Economics Economic Thought - Question Paper

B.A. DEGREE exam - JUNE 2006.
Third Year (For candidates admitted in AY 2003-04 only)
Economics
ECONOMIC THOUGHT
Time : three hours Maximum marks : 75

part A — (3 x five = 15 marks)
ans any 3 ques..
All ques. carry equal marks.

1. discuss the basic ideas of mercantilism.
2. Examine the advantages and disadvantages of division of labour.
3. explain the Marxian Theory of surplus value.
4. discuss the relevance of Gandhian economic thought to modern India.
5. explain the Marshall's time element concept in value theory.

part B — (4 x 15 = 60 marks)
ans any 4 ques..
All ques. carry equal marks.

6. elaborate the essential ideas of marginalist school?
7. Assess the contribution of Pigou and Pareto to welfare economics.
8. Examine the main principles of institutional school.
9. explain the Keynesian general theory of employment and point out its limitations.
10. discuss the contribution of any 2 Noble Laureates after 1985.
11. How did J.S. Mill attempt to restate the classical economic doctrines in the light of changing circumstances?

Earning:   Approval pending.