Goa University BA-LLB 5 Years Degree Last 10 Years 2010-2020 Previous Question Papers
B.A.LL.B. (SEMESTER –III) Examination, October 2014
ECONOMICS – III: MACRO ECONOMICS
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Duration: 3 Hours
Total Marks: 75
Instructions: Answer any Eight from Q. No. 1 to 12
Question No. 13 and 14 are compulsory.
(8X8=64)
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- Explain the expenditure method and the problems encountered in measuring the national income by this method.
- Explain the difficulties in preparing social accounts.
- Bring out the advantages and disadvantages of green accounting.
- Explain the Say's law of market and its implications.
- Explain the principle of effective demand.
- Explain the determinants of consumption function.
- Bring out the difference between autonomous & induced investment.
- Explain the classical theory of interest.
- Explain Keynes's theory of trade cycle.
- Explain the measures to control the business cycles.
- Elaborate on the causes of economic growth.
- Explain the Domar model of economic growth.
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13) Write short notes on any two:
- Relationship between national income and welfare
- Average propensity to consume
- Recovery phase of business cycle
- Keynes's criticism of classical theory
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14) Write a short note on any two:
- Speculative motive of Keynesian theory
- Characteristics of business cycle
- Assumptions of Joan Robinson's model of capital accumulation
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