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

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B.A. LL.B. (Semester – III) Examination, April - 2014

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Duration: 3 Hours

ECONOMICS – III

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.

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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

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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. 8

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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

1. GDP at factor cost.
2. Problems in computation by National Income Method

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3. Components of Social Accounting.

14. Write short notes on any two :

1. Shortcomings of Loanable Funds Theory of Interest.
2. Assumptions of Solow's Model.
3. Effects of Business Cycle

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