LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.A. DEGREE EXAMINATION – ECONOMICS

RF 45

FOURTH SEMESTER – APRIL 2006

                                                       EC 4805 – MACRO ECONOMICS – II

(Also equivalent to EC 4802)

 

 

Date & Time : 25-04-2006/9.00-12.00         Dept. No.                                                       Max. : 100 Marks

 

 

PART – A

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

1. What are the objectives of Macroeconomic model?
2. Define standard labour unit.
3. Define Marxian rate of exploitation.
4. What is natural rate of growth?
5. What is meant by trade cycle?
6. Differentiate between Hicks model and Samuelson model.
7. Elucidate the objectives of Ricardian theory of income distribution?

PART – B

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

8. Substantiate the ways to increase surplus value.
9. Discuss the theory of distribution of income with respect to labour and capital.
10. Explain the growth model of Harrod-Domar.
11. Why does Kaldor concludes that the saving and investment functions are non-linear?
12. Explain the different phases of trade cycles.
13. Elucidate the piecewise linear model of business cycle.
14. Explain the business cycle of Hicks.

PART – C

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

15. Briefly explain the Samuelson’s trade cycle.
16. Examine the Hick’s trade cycle theory.
17. Evaluate the Kaldor’s growth model.
18. Analyse the Keynesian theory of income distribution.

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