M.A. DEGREE EXAMINATION, NOVEMBER 2017
First Semester
Economics
MACRO ECONOMICS I
(CBCS 2016 onwards)
Time 3 Hours Maximum 75 Marks
Part A (10 x 2 20)
Answer all questions.
1. Define "National Income".
2. Define NNP.
3. Distinguish between APC and MPC.
4. Distinguish between open and closed economy.
5. Define "Saving".
6. Define "accelerator".
7. Who is the author of Rational Expectations Theory?
8. What is liquidity?
9. What is tax?
10. What is income?
Sub. Code
455102
RW-722
2
Sp 6
Part B x 5 25)
Answer all questions, choosing either or
11. Discuss the nature and scope of macro economics.
Or
Explain different concepts in national income with
equations.
12. Examine Say's Law of Market.
Or
Bring out the factors that affect consumption
function.
13. Write a short note on accelerator.
Or
Discuss the lags in investment.
14. Explain derivation of and shift in IS curve.
Or
Describe Phillips curve and its significance.
15. Discuss the Supply Side Economics.
Or
Explain the Regan economics, taxation and Labour
supply.
RW-722
3
Sp 6
Part C x 10 30)
Answer any three questions.
16. Explain Circular Flow of Income and Expenditure with
three sector model.
17. Examine Keynesian Theory of Employment.
18. Write a critical note on Duesenberry's Financial Theory
of Investment.
19. Discuss Rational Expectation Theory.
20. Explain implications of Labour Supply Curve with
diagram.
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