Madras University (UnOM) 2006 B.A Economics VII - Optional I - Economic Thought - Question Paper

Time: 3 hours
Maximum: 100 marks

SECTION-A [10X2= Marks 20]
ans ALL ques. within 50 words every
All ques. carry equal marks.

1. What is Neo-mercantilism?

2. Point out any 2 characteristics of physiocracy?

3. describe Laissez-faire policy.

4. What do you mean by market glut?

5. elaborate the limitations of sunspot theory?

6. What is surplus budget?

7. describe marginal utility.

8. What is consumption function?

9. Mention any 2 institutationalists

10. Who is the economics noble laureate for the year 1985?

SECTION-B [5x8=Marks 40]
ans any 5 within 300 words every.
All ques. carry equal marks.

11. Distinguish ranging from classicals and Keynesians. 12. What is class struggle according to Marx? 13.Point out the significance of division of labour. 14. Briefly discuss the tenets of marginalists. 15. elaborate the different views of Karl Menger? 16. discuss Schumpeter’s theory of profit. 17. explain whether Nehru’s economic ideas are relevant today.

SECTION-C [2X20=Marks 40]
ans BOTH the ques. within 1,200 words every.
All ques. carry equal marks.

18. a. Critically analyse the Malthusian theory of population.
Or
b. How are income and output determined under Keynesian approach?

19. a. define the contributions of Hicks in Indain economic thought.
Or
b. discuss the contributions of Dutt of Indian Economic thought.

Earning:   Approval pending.