Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2019 Summer 1st Sem 1519303 International Economic Environment Previous Question Paper
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA (International Business) ? SEMESTER 1? EXAMINATION ? SUMMER 2019
Subject Code: 1519303 Date:11/05/2019
Subject Name: International Economic Environment
Time: 02:30 PM To 05:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.
No.
Marks
Q.1 Explain following terms
(a) Demand
(b) Elasticity
(c) Closed economy
(d) Consumer surplus
(e) Monopoly
(f) WTO
(g) Monetary policy
14
Q.2 (a) Explain what is demand, also list down factors which shift in
demand curve of the consumer.
07
(b) Explain what is open economy. List down the benefits and
limitations of globalization.
07
OR
(b) What is elasticity of demand and types of price elasticity? 07
Q.3 (a) Explain concept of Outsourcing. What are the merits and demerits
of Outsourcing?
07
(b) Explain what is tariffs? Also explain tariff Escalation, Avoidance
and Evasion in brief.
07
OR
Q.3 (a) What is GDP. Explain four components of GDP. 07
(b) Write a note on Dumping and Anti-dumping duties. 07
Q.4 CASE STUDY:
There are four components of GDP (Govt. Purchase (G),
Investment (I), Consumption (C) & Net Export (NX)
What components of GDP (if any) would each of the following
transaction affect?
1. A family buys a new mixture grinder
2. Your uncle buys agriculture land.
3. You buys a pizza
4. Government repaves Highway 101
5. Your friends buys a bottle of French wine.
14
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Page 1 of 2
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA (International Business) ? SEMESTER 1? EXAMINATION ? SUMMER 2019
Subject Code: 1519303 Date:11/05/2019
Subject Name: International Economic Environment
Time: 02:30 PM To 05:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.
No.
Marks
Q.1 Explain following terms
(a) Demand
(b) Elasticity
(c) Closed economy
(d) Consumer surplus
(e) Monopoly
(f) WTO
(g) Monetary policy
14
Q.2 (a) Explain what is demand, also list down factors which shift in
demand curve of the consumer.
07
(b) Explain what is open economy. List down the benefits and
limitations of globalization.
07
OR
(b) What is elasticity of demand and types of price elasticity? 07
Q.3 (a) Explain concept of Outsourcing. What are the merits and demerits
of Outsourcing?
07
(b) Explain what is tariffs? Also explain tariff Escalation, Avoidance
and Evasion in brief.
07
OR
Q.3 (a) What is GDP. Explain four components of GDP. 07
(b) Write a note on Dumping and Anti-dumping duties. 07
Q.4 CASE STUDY:
There are four components of GDP (Govt. Purchase (G),
Investment (I), Consumption (C) & Net Export (NX)
What components of GDP (if any) would each of the following
transaction affect?
1. A family buys a new mixture grinder
2. Your uncle buys agriculture land.
3. You buys a pizza
4. Government repaves Highway 101
5. Your friends buys a bottle of French wine.
14
Page 2 of 2
6. Mercedes Benz sells cars from its inventory to India
7. Tata expands its factory in Chicago.
OR
Q.4 If a Japanese car cost 5,00,000 yens while a similar American car
cost $10,000.
Price between Japanese yens and American dollars ( $1 = 100
Japanese yens)
(A) Calculate from the given information what are the Nominal
exchange rates and real exchange rates?
(B) If a Japanese car cost is 5,50,000 yens and American car
cost remains same what is Nominal and Real exchange
rates?
14
Q.5
CASE STUDY:
1. Below are some data from country of sportsville:
Year Price
of
football
Quantity
of
football
Price
of
basket
ball
Quantity
of
basket
ball
2006 $10 200 $8 75
2007 $14 200 $10 75
2008 $14 350 $10 125
(a) Calculate Nominal GDP, Real GFP and GDP deflator for each
year using 2006 as base year.
07
(b) Calculate percentage change in Nominal GDP, Real GDP and
GDP deflator.
07
OR
Q.5 (a) Consider the above Table
If in year 2006 Price of football will be $12 and price of baseball
will be $9. Calculate Nominal, Real and GDP deflator
07
(b)
Consider new price of football and basketball r Re-calculate
percentage change in Nominal GDP, Real GDP and GDP deflator.
07
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This post was last modified on 19 February 2020