M.A. DEGREE EXAMINATION, NOVEMBER/DECEMBER 2017.
Third Semester
Economics
Paper III ECONOMICS OF GROWTH AND DEVELOPMENT
2 10333 AA
Time 3 Hours Max. Marks 70
PART — A
Answer any FIVE questions. 6 30 Marks)
1. Concept of Physical Quality of Life Index (PQLI).
2. Meaning of Economic Growth and Development.
3. Classical theories of economic development.
4. Write about Schumpeter and the theory of Innovations.
5. Features of R.M. Solow's growth model.
6. Briefly examine the Pasinetti Model of Growth.
7. Leibenstein's Critical Minimum Effort Thesis.
8. Nelson's concept of "Low Level Equilibrium Trap".
PART — B
Answer ALL questions. 10 40 Marks)
9. Discuss about the common characteristics of developing nations.
Or
Briefly examine the relative importance and basic features of Sustainable
Development.
10. Critically evaluate the Marxian theory of capitalist development.
Or
Explain the basic issues relating to Rostow's Stages theory of Economic
Growth.

11. Briefly explain the Harrod and Domar model of Economic Growth.
Or
Briefly evaluate the relevance of Kaldor's growth model in the context of
Developing Countries.
12. Discuss about the importance of the theory of Unbalanced Growth Strategy of
Economic Development.
Or
Examine the importance of theories of Social and Technological Dualism.
——————————