LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

RF 50

B.Com.  DEGREE EXAMINATION – COMMERCE

FOURTH SEMESTER – APRIL 2007

EC 4202/EC 3202 – COMPARATIVE ECONOMIC SYSTEMS

 

 

 

Date & Time: 19/04/2007 / 9:00 – 12:00          Dept. No.                                                     Max. : 100 Marks

 

 

 

PART – A

 

Answer any FIVE questions in about 75 words each.                   (5 x 4 = 20 Marks)

1. Define socialism.
2. What is Price mechanism?
3. Explain Perestroika.
4. What is a mixed economy?
5. Write a note on consumer sovereignty.
6. Mention the different types of economic systems.
7. What is surplus value?

 

PART – B

 

Answer any FOUR questions in about 250 words each.               (4 x 10 = 40 Marks)

8. Define Capitalism. Discuss the main features of a Capitalist economy.
9. Write a note on Worker’s self management.
10. Is Marxism out of date? Comment.
11. Differentiate between communism and socialism.
12. Explain the Great leap forward.
13. Explain the Lange Model of socialist market economy.
14. Elucidate the features of the Soviet economic planning.

 

PART – C

 

Answer any TWO questions in about 900 words each.                 (2 x 20 = 40 Marks)

15. Discuss the strengths and weaknesses of American Capitalism.
16. What are the main features of the Yugoslav Socialist state?
17. Discuss the various aspects of China’s economic reforms. What are the new conflicts faced by china?
18. Analyse the Japanese economy and its economic success.

 

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