LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

   B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – NOVEMBER 2010

EC 5505/EC 5501 – INTERNATIONAL ECONOMICS

 

 

 

Date : 01-11-10                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

PART – A

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

 

1. Distinguish between domestic and international trade.
2. Define offer curves.
3. Mention the gains from international trade.
4. Distinguish between fixed and flexible rates of exchange.
5. What is hedging?
6. Define globalization.
7. Distinguish between current and capital account.

PART – B

 

Answer any FOUR questions in about 300 words each.              (4 x 10 = 40 marks)

 

8. What are the similarities and differences between domestic and international trade.
9. Explain the theory of absolute cost advantage.
10. Examine the various types of terms of trade.
11. Explain the Purchasing Power Parity theory.
12. What is WTO? Explain its objectives and functions.
13. Discuss the pros and cons of convertibility of current and capital account.
14. What has been the impact of globalization on the pattern of India’s trade?

PART – C

 

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

 

15. Explain how the modern theory of international trade is an improvement over the Ricardian theory of internantional trade.
16. Discuss the composition and direction of India’s foreign trade.
17. What are the objectives of the IMF? Analyse its role in India’s economic development.
18. Define terms of trade. What are the factors affecting terms of trade?

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