Download Goa University BA LLB-5 Years 2014 April 3rd Semester Economics III Question Paper

Download Goa University BA LLB-5 Years Course (Bachelor Of Arts and LLB Five Years) 2014 April 3rd Semester Economics III Question Paper

B.A. LL.B. (Semester ? III) Examination, April - 2014
ECONOMICS ? 111
Duration: 3 Hours Total Marks: 75
Instructions; 1) Answer any Eight Questions from Question No. 1 to 12.
2) Q. No. 13 and Q. No. 14 are compulsory.
1. Assess the role of National Income as a measure of economic welfare. 8
2. Critically examine Say?s Law of Markets. 8
3. Explain the determination of Effective Demand. 8
4. Examine the determinants of Consumption Function. 8
5. Examine the concepts of Induced Investment and Autonomous Investment. 8
6. Explain Keynerian Theory of Interest. 8
7. Critically examine Hawtrey?s Monetary Theory. 8
8. Explain Keynes? Theory of Business Cycle. 8
9. Examine the differences between Harrod and Domar Models and explain the limitations of
these models. 8
10. Explain the various measures that can be taken to control Business Cycles.
11. Describe the economic growth and technical progress according to Solow. 8
12. Explain the various phases of a Business Cycle. 8
13. Write short notes on any two: 6
a. GDP at factor cost.
b. Problems in computation by National Income Method
c. Components of Social Accounting.
14. Write short notes on any two : 5
a. Shortcomings of Loanable Funds Theory of Interest.
b. Assumptions of Solow?s Model.
c. Effects of Business Cycles.
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