LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
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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)
- Define socialism.
- What is Price mechanism?
- Explain Perestroika.
- What is a mixed economy?
- Write a note on consumer sovereignty.
- Mention the different types of economic systems.
- What is surplus value?
PART – B
Answer any FOUR questions in about 250 words each. (4 x 10 = 40 Marks)
- Define Capitalism. Discuss the main features of a Capitalist economy.
- Write a note on Worker’s self management.
- Is Marxism out of date? Comment.
- Differentiate between communism and socialism.
- Explain the Great leap forward.
- Explain the Lange Model of socialist market economy.
- Elucidate the features of the Soviet economic planning.
PART – C
Answer any TWO questions in about 900 words each. (2 x 20 = 40 Marks)
- Discuss the strengths and weaknesses of American Capitalism.
- What are the main features of the Yugoslav Socialist state?
- Discuss the various aspects of China’s economic reforms. What are the new conflicts faced by china?
- Analyse the Japanese economy and its economic success.