M.A. DEGREE EXAMINATION, APRIL 2018.
First Semester
Economics
MACRO ECONOMICS — I
(CBCS 2017 onwards)
Time 3 Hours Maximum 75 Marks
Section A (10 x 2 20)
Answer all the questions.
1. Define Macro economics.
2. What is social accounting?
3. What is classical theory of employment?
4. Define full employment
5. What is Consumption function?
6. What do you mean by super multiplier?
7. Give the meaning of Exchange rate.
8. What is balance of payment?
9. What is poverty line?
10. State Kuznet's model.
Sub. Code
7MEC1C2
AFS-0496
2
Ws20
Section B x 5 25)
Answer all questions, choosing either or
11. Explain the nature and scope of macro economics.
Or
Explain the various methods of computing national
income.
12. Explain the full employment equation.
Or
Analyse the Keynesian theory of under employment
equilibrium.
13. Explain the relative income hypothesis of
consumption function.
Or
Explain the Keynesian psychological law of
consumption.
14. Derive IS-LM curve.
Or
Explain the rational expectation.
15. Explain the Arrow's social choice of poverty.
Or
Explain the Policy implication of neo classical
approach.
AFS-0496
3
Ws20
Section C x 10 30)
Answer any three questions.
16. Discuss the different forms of national income and how do
we measure the national income.
17. Critically examine classical theory of full employment.
18. Discuss the Friedman's Permanent Income Hypothesis.
19. Discuss the balance of payments model.
20. Evaluate the Sylos-Lobini's model.
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