Tamil University 2006 M.Phil Commerce QUANTITATIVE TECHNIQUES AND TOPICS IN MODERN ECONOMICS - Question Paper

2006 Tamil Nadu State Madurai Kamaraj University M.phil (Economics) exam May 2006 ques. Papers

QUANTITATIVE TECHNIQUES AND TOPICS IN MODERN ECONOMICS

Time: 3 hours Maximum: 100 marks

ans any 5 ques..

All ques. carry equal marks.


1. Draw the graph of the fraction { provided by
!
x for 0 ~ x ~ 1
4-x
{(x) = ~ for one ~ x ~ 4
- x + four for four ~ x ~ 5.


2. describe elasticity of substitution. Show that
elasticity of substitution is one for Cobb-Douglas
production function.

3. What is a production function? Write the
properties of Cobb-Douglas production function.

4. explain the importance of the concept of elasticity
of demand in Economics.

5. explain the welfare implications of the theory of
Monopolistic Competition.

6. explain the cost-benefit as a tool for investment
criterion.

7. Solve the subsequent linear programmmg
graphically.
Max Z = lOXI + l5x2
S.t. 2XI + X2 ~26
2XI +4X2 ~56
Xl - X2 ~ - 5
Xl' X2 ~ O.

8. Bring out the uses of Input-Output analysis in
Economic Planning.

9. discuss the theory of rational expectation. explain
how this theory differs from those of Monetary
Economists and Keynesians.

10. provided the subsequent transaction matrix, obtain the
Input-Output Coefficients.
Agriculture
Industry
Agriculture
300
400
Industry
600
1200
Final
Demand
100
400
If the final demands were changed to 200 and 800
respectively, obtain the gross output to meet the new.
demand.

Earning:   Approval pending.