Download Goa University BA LLB-5 Years 2015 April 3rd Semester Economics III Macro Economics Question Paper

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B.A. LL.B. SEMESTER III EXAMINATION APRIL 2015

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Duration: 3 Hours

ECONOMICS - III: MACRO ECONOMICS

Total Marks: 75

Instructions:

1. Answer any eight questions from Q.1 to Q. 12

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

1. Explain the income method and the problems encountered in measuring the national income by this method. (8)
2. Explain the importance of social accounting. (8)
3. Bring out the advantages and disadvantages of green accounting. (8)
4. Explain the Say's law of market. (8)

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5. Explain the principle of effective demand. (8)
6. Elaborate on the importance of the consumption function. (8)
7. Bring out the difference between autonomous & induced investment. (8)
8. Critically evaluate Keynes's liquidity preference theory. (8)
9. Explain Hayek's monetary over-investment theory. (8)

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10. Explain the measures to control the business cycles. (8)
11. Elaborate on the causes of economic growth. (8)
12. Explain Joan Robinson's model of capital accumulation. (8)

13) Write short notes on any two: (6)

1. Marginal propensity to consume

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2. Recession phase of business cycle
3. Keynes's criticism of classical theory

14) Write a short note on any two: (5)

1. Precautionary motive of Keynesian theory
2. Characteristics of business cycle

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3. Assumptions of the Solow model.

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