LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034      B.A. DEGREE EXAMINATION – ECONOMICS

AN 13

FIFTH SEMESTER – NOV 2006

         EC 5501 – INTERNATIONAL ECONOMICS

(Also equivalent to ECO 506)

 

 

Date & Time : 27-10-2006/9.00-12.00         Dept. No.                                                        Max. : 100 Marks

 

 

 

Part  – A

 

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

1. Bring out the meaning of international trade?
2. What are the reasons for international trade?
3. Briefly give the meaning of terms of trade.
4. Why should a country need protection?
5. What do you mean by dual exchange rate?
6. How does fixed exchange rate affect the traders?
7. What is factor price equalization?

 

Part – B

 

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

8. Explain the interdependence between international and domestic trade.
9. What are the factors affecting terms of trade?
10. Bring out the gains arising out of international trade.
11. Explain the major features of India’s exchange rate policy?
12. Discuss the impact of globalization on international trade.
13. How does the IMF help the developing countries in terms of its functions?
14. Explain the purchasing power parity theory of exchange rate.

 

Part – C

 

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

15. Explain the different terms of trade with its significance.
16. Discuss the theory of comparative advantage given by Ricardo.
17. Distinguish between the Classical and the Modern theories of international trade?

Explain the components and direction of India’s foreign trade?

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A.

RF 43

DEGREE EXAMINATION –ECONOMICS

FIFTH SEMESTER – APRIL 2007

EC 5501 – INTERNATIONAL ECONOMICS

 

 

Date & Time: 28/04/2007 / 1:00 – 4:00          Dept. No.                                                     Max. : 100 Marks

 

 

Part  – A

 

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

1. What are the assumptions made by Classical Theory of International Trade?
2. Define the trade practiced by a country neither having primary nor secondary sector?
3. Briefly explain the term ‘LERMS’.
4. What do you understand by international liquidity?
5. Why is full convertibility preferred to partial convertibility?
6. What is paper gold?
7. Briefly explain absolute cost advantage.

 

Part – B

 

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

8. Discuss the features of international trade?
9. Describe the criticism leveled against the Classical theory of international trade?
10. What are the factors affecting terms of trade?
11. Explain the functions of various institutions of World Bank?
12. Bring out the case against free trade?
13. Discuss the contribution of Adam Smith towards international trade?
14. Bring out the impact of globalization on foreign trade?

 

Part – C

 

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

15. Explain the modern theory of international trade with necessary diagrammatic illustrations.
16. Discuss the recent import and export policies of government of India.
17. Critically analyse the Classical theory of international trade.
18. Explain the role or WTO in promoting a viable environment for trade between countries.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

 

TA 11

FIFTH SEMESTER – November 2008

EC 5505 – INTERNATIONAL ECONOMICS

 

 

 

Date : 05-11-08                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

PART – A                                              (4 x 5 = 20 marks)

 

Answer any FIVE of the following each answer not exceeding more than 75 words

 

1. Write short notes on International Trade.
2. State in brief the basic idea of Adam smith’s International trade theory.
3. Define Free trade.
4. Differentiate between Single terms of trade and Double terms of trade.
5. Point out the functions of WTO.
6. What do you mean by fixed exchange rate?
7. What is Capital Account Convertibility?

 

PART – B                                            (4 x 10 = 40 marks)

 

Answer any FOUR of the following each answer not exceeding more than 250 words

 

1. What are the features of international trade?
2. Describe the Ricardian theory of international trade.
3. Explain the various  types of Terms of trade.
4. Explain the impact of restrictions on trade.
5. What are the factors that determine the gains from trade?
6. Describe the Mint Parity Theory.
7. Describe the impact of Globalisation.

 

PART – C                                           (2 x 20 = 40 marks)

 

Answer any TWO of the following each answer not exceeding more than 900 words

 

1. Elaborate the Modern theory of International trade.
2. Explain the Various Quantitative and Qualitative restrictions of trade.
3. Elucidate the Purchasing  Power Parity  theory.

Explain the functions ,organization and the lending activities of IMF.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

TA 20

FIFTH SEMESTER – November 2008

EC 5501 – INTERNATIONAL ECONOMICS

 

 

 

Date : 05-11-08                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

Part – A

 

Answer any FIVE questions in not exceeding 75 words                                          (5*4 = 20 marks)

1. Explain the interdependence of Internal and International Trade.
2. What are the assumptions of the Theory of Comparative Costs?
3. What is meant by Exchange Control? Why is it essential?
4. What is ‘Gains from Trade’ according to Classical Economists?
5. Define and explain the term International Liquidity.
6. Bring out the meaning of Current account.
7. What is WTO? How was it formed?

Part – B

Answer any FOUR questions in not exceeding 300 words                          (4 *10 = 40 marks)

1. Explain Adam Smith’s theory of Absolute Cost Advantage and bring out its defects.
2. Explain the cause of deterioration in terms of trade of under developed countries.
3. Explain the adjustable peg system. Bring out its defects.
4. Make a critical appraisal of the SDR scheme.
5. What is meant by ‘Single Factoral Terms of Trade’ and ‘Double Factoral Terms of Trade’?

 

1. Discuss the role played by Asian Development Bank in financing India’s economic development.

 

1. What main benefits can India hope to derive from the convertible rupee system? Indicate the conditions of success of such a system.

Part  – C

Answer any TWO questions in not exceeding 900 words                                         (2 *20 = 40 marks)

           

1. Discuss the superiority of Hecksher Ohlin Theory over Classical theory of International Trade.

 

1. Explain the purchasing power parity theory. What are the criticisms leveled against this theory?

 

1. Examine the role of IMF in relation to LDCs. Trace the benefits extended to India by the IMF.

 

What policy measures have been adopted by the Indian Government to promote exports in the country? Comment on the progress made towards export expansion.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

PK 29

FIFTH SEMESTER – April 2009

EC 5505 – INTERNATIONAL ECONOMICS

 

 

 

Date & Time: 17/04/2009 / 9:00 – 12:00       Dept. No.                                                       Max. : 100 Marks

 

 

 

                                                             PART – A 

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

 

1. What is Transnational integration?
2. Explain community indifference curve.
3. What is ‘income terms of trade’?
4. Explain gains from international trade.
5. What is Forward exchange rate?
6. What is convertibility?
7. Explain Special Drawing Rights (SDR).

PART – B

Answer any FOUR questions in about 300 words each:                      (4×10=40)

 

8. Explain Ricardo’s Comparative Cost Advantage Theory.
9. ‘Trade is an engine of growth.’ – Discuss.
10. Discuss the factors which influence the Terms of Trade of a nation.
11. Bring out the case for and against flexible exchange rates.
12. What are the objectives of exchange control?
13. Trace the direction of India’s foreign trade.
14. Discuss the role of WTO and its limitations.

PART – C

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

 

15. Critically examine the factor price equalisation theorem of international trade.
16. Critically examine ‘Purchasing Power Parity theory’.
17. Bring out the various concepts of terms of trade.  What are the problems of measurement of terms of trade?
18. IMF has become a tool in the hands of the developed nations. – Do you agree?

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

PK 23

FIFTH SEMESTER – April 2009

EC 5501 – INTERNATIONAL ECONOMICS

 

 

 

Date & Time: 17/04/2009 / 9:00 – 12:00     Dept. No.                                                       Max. : 100 Marks

 

 

PART – A                                                     (5 x 4 = 20)

Answer any FIVE of the following

each answer not exceeding more than 75 words

 

1. Explain the case for International trade.
2. Differentiate Net and gross terms of Trade.
3. Explain the concepts fixed and flexible exchange rates.
4. What are the salient features of WTO.
5. Explain the term International Liquidity.
6. What are the functions of IMF.
7. Differentiate Balance of Trade and Balance of payments.

      PART – B  

Answer any FOUR of the following                                                               (4 x 10 = 40)

Each answer not exceeding more than 250 words.

 

8. What are the defects of classical theory of International trade.
9. Explain the different types of terms of Trade.
10. Explain the functions of IBRD.
11. Highlight the gains from International trade.
12. Explain the features of current account and capital account.
13. Justify the need for the theory of protection in underdeveloped countries.
14. Explain the salient features of EXIM policy.

PART – C  

     Answer any TWO questions                                                                            (2 x 20 = 40)

each answer not exceeding 900 words.

 

15. Evaluate the modern theory of International trade.
16. Discuss the working of purchasing power parity theory in determining exchange rate.
17. Critically evaluate the role of WTO in India’s economic development.

18.       Discuss the various effects of Globalisation and liberalisation in India’s Economic growth.

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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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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – APRIL 2011

EC 5505/EC 5501 – INTERNATIONAL ECONOMICS

 

 

 

Date : 18-04-2011              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. Define international trade.
2. Define absolute cost advantage.
3. What is meant by terms of trade?
4. Define income terms of trade.
5. What is foreign exchange rate?
6. Expand IBRD.
7. Differentiate between current account and capital account in the context of international trade.

PART-B

 

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

 

8. Explain the reasons for international trade.
9. Explain Adam Smith’s theory of absolute cost advantage.
10. Explain clearly the factors that influence the terms of trade.
11. Explain the advantages and disadvantages of fixed exchange rate.
12. Describe the functions of World Bank.
13. Bring out the recent import and export policies of the government of India.
14. Explain the mint parity theory of exchange rate.

 

PART –C

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

 

15. Critically examine Hecksher Ohlin theory of international trade.
16. Critically analyse the purchasing power parity theory of exchange rate.
17. Critically examine Real Cost Terms of Trade.

Explain the impact of Globalisation on developing countries. Substantiate your answer with reference to India.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – APRIL 2012

EC 5505/EC 5501 – INTERNATIONAL ECONOMICS

 

 

 

Date : 27-04-2012              Dept. No.                                       Max. : 100 Marks

Time : 9:00 – 12:00

 

PART – A

 

Answer any FIVE questions not exceeding 75 words each:                                           (5 x 4 = 20 Marks)

 

1. What do you understand by International Trade?
2. Write short notes on Adam Smith’s theory of International Trade.
3. Distinguish between net and gross terms of trade.
4. What do you mean by Foreign Exchange Rate?
5. What do you mean by Terms of Trade?
6. What is WTO? Write any two objectives of WTO.
7. Mention the role of foreign trade in economic development of India.

                             

PART – B

 

Answer any FOUR questions not exceeding 250 words each:                                     (4 x 10 = 40 Marks)

 

8. Explain the interdependence between International Trade and Domestic Trade.
9. Critically evaluate Ricardian theory of International Trade.
10. Explain the factors which affect terms of trade.
11. Discuss the gains which arise out of international trade.
12. Describe the merits and demerits of flexible exchange rate system.
13. Explain the role of IMF in international trade.
14. Comment on the composition and direction of India’s International trade.

                               

PART – C

 

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

 

15. Critically evaluate Heckscher–Ohlin Theory of International trade.
16. Discuss the various types of terms of trade.
17. Critically calculate the purchasing power parity theory of exchange rate.

Explain briefly the functions and activities of IBRD.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – NOVEMBER 2012

EC 5505/EC 5501 – INTERNATIONAL ECONOMICS

 

 

 

Date : 03/11/2012             Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

PART-A

 

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

 

1. What causes international trade according to Classical Economist?
2. What do you mean by Comparative differences in cost?
3. Explain Single factoral and Double factoral terms of Trade.
4. Enumerate the Potential Gain and Actual Gain.
5. What is an equilibrium rate of exchange? How it is determined?
6. Explain the functions of IBRD.
7. Distinguish between GATT and WTO.

 

PART-B

 

Answer any FOUR questions in about 300 words each:                                        (4×10=40)

 

8. Distinguish between Interregional and International Trade.
9. Explain the theory of Absolute differences in costs.
10. What do you mean by Gross barter and Net barter Terms of Trade?
11. Discuss the factors that determine the gains from trade
12. Explain the causes that bring out changes in exchange rate
13. Enumerate the lending activities of IBRD.
14. Briefly discuss the objectives and functions of Fund

 

PART-C

 

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

 

15. Explain the Modern theory of International trade.
16. Discuss the theories of exchange rate.
17. Bring out the recent Export Import policy of India.

18. Explain the agreement of WTO.

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