LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FOURTH SEMESTER – APRIL 2012

EC 4503/EC 4500 – MACRO ECONOMICS – I

 

 

 

Date : 21-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

 

PART – A

 

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

 

1. Explain Macro Dynamics.
2. Differentiate between Stock and Flow.
3. Define Social Accounting.
4. Explain the term ‘Circular Flow of Income’.
5. What is Say’s Law of Market? Explain.
6. Explain Aggregate Demand Price.
7. Define Marginal Efficiency Capital.

 

PART – B

                                       

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

 

8. Examine the scope of acro economics.
9. Distinguish between Statics and Dynamics.
10. Explain the importance of Social Accounting.
11. Discuss the Classical Theory of Employment.
12. Examine the factors of consumption function.
13. Analyse the importance of Multiplier.
14. Discuss Product Market Equilibrium.

 

PART – C

                                      

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

 

15. Examine Circular Flow of Income in a three sector economy.
16. Evaluate Keynes’ Psychological Law of Consumption.
17. What do you mean by induced investment? Discuss the determinants of inducement to invest.
18. Examine General Equilibrium of Product and Money markets by deriving IS and LM curves.

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