LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

 

TA 11

FIFTH SEMESTER – November 2008

EC 5505 – INTERNATIONAL ECONOMICS

 

 

 

Date : 05-11-08                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

PART – A                                              (4 x 5 = 20 marks)

 

Answer any FIVE of the following each answer not exceeding more than 75 words

 

1. Write short notes on International Trade.
2. State in brief the basic idea of Adam smith’s International trade theory.
3. Define Free trade.
4. Differentiate between Single terms of trade and Double terms of trade.
5. Point out the functions of WTO.
6. What do you mean by fixed exchange rate?
7. What is Capital Account Convertibility?

 

PART – B                                            (4 x 10 = 40 marks)

 

Answer any FOUR of the following each answer not exceeding more than 250 words

 

1. What are the features of international trade?
2. Describe the Ricardian theory of international trade.
3. Explain the various  types of Terms of trade.
4. Explain the impact of restrictions on trade.
5. What are the factors that determine the gains from trade?
6. Describe the Mint Parity Theory.
7. Describe the impact of Globalisation.

 

PART – C                                           (2 x 20 = 40 marks)

 

Answer any TWO of the following each answer not exceeding more than 900 words

 

1. Elaborate the Modern theory of International trade.
2. Explain the Various Quantitative and Qualitative restrictions of trade.
3. Elucidate the Purchasing  Power Parity  theory.

Explain the functions ,organization and the lending activities of IMF.

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