Download Goa University BA LLB-5 Years 2017 April 3rd Semester Economics III Question Paper

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15/4/17

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B.A.L.L.B (SEMESTER III) Examination April 2017.

Duration: 3 Hours

ECONOMICS III

Total marks: 75

Instructions: 1) Answer any Eight questions from Q.No.1 to 12. 8 x 8

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2) Q. No.13 and Q.No.14 are compulsory.

3) Students should incorporate exact question number on answer scripts.

1. Discuss and explain the methods used to measure National income?
2. Explain the various Internal factors that cause a Business cycle.
3. Explain Green Accounting introduced in National Income.

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4. State the assumptions of the Harrod and Domar Model.
5. Discuss the criticisms of the Say's Law.
6. Explain with the help of a diagram the Classical theory of Interest.
7. Explain the concept of Multiplier.
8. Explain the Phases of the Trade Cycles with a suitable diagram.

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9. Evaluate Solow's growth model.
10. Explain the Hawtrey's Monetary Theory of Trade Cycle.
11. Explain the Keynisian Theory of Employment and Output.
12. Explain the circular flow of Income with reference to the Government and Foreign Sector.

13. Short Notes Answer any two out of three: 3 x 2

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1. Explain in brief the criticisms of the Keynisian theory of trade cycle.
2. What is personal income and personal disposable income?
3. Explain the precautionary and speculative motives of the liquidity preference theory.

14. Short notes Answer any two out of three: 2.5 x 2

1. State the concept of Accelerator.

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2. Write a note on the effects of trade cycle.
3. What is effective demand?

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