Loyola College B.A. Economics April 2006 Macro Economic Theory Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

RF 14

FOURTH SEMESTER – APRIL 2006

                                                  EC 4500 – MACRO ECONOMIC THEORY

(Also equivalent to ECO503)

 

 

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 x 4 = 20 Marks)

  1. Define Macroeconomics.
  2. Explain Keynes psychological law of consumption.
  3. What is inflationary gap?
  4. Define Marginal efficiency of capital.
  5. Derive IS curve.
  6. Differentiate GNP at market prices and GNP at factor cost.
  7. Given the saving function S = -10 + 0.2y and autonomous investment

I =Rs.50crore. Find the level of consumption.

PART – B

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

  1. Explain the circular flow of income in a four sector open economy.
  2. Explain and illustrate social accounting and indicate its usefulness as a tool of economic policy.
  3. What is meant by Liquidity preference? Explain the various motives of liquidity preference
  4. An economy has the following features

Consumption C = 50 + 0.9y

Tax Revenue T = 100

Investment I = 150 – 50i

Government  Expenditure G = 100

Money demand Md = 0.2y – 10i

Money supply Ms = 100

Exports X = 20

Imports M = 10 + 0.1y

  1. Obtain the IS and LM equations of the economy
  2. Find out equilibrium income and rate of interest
  3. Find the balance of trade.
  4. Explain the concept of Multiplier. How does it work?
  5. Explain the various methods of measuring National Income.
  6. State and explain Say’s law of markets.

PART – C

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

  1. Explain the nature and scope of Macroeconomics.
  2. Elucidate Hicksian theory of trade cycle.
  3. What is meant by trade-off between the rate of inflation and unemployment? Give the Keynesian explanation of this trade-off.
  4. What do you understand by the equilibrium level of National income? Explain that both saving- investment approach and aggregate demand – aggregate supply approach yield the same level of equilibrium.

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Loyola College B.A. Economics April 2007 Macro Economic Theory Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A.

RF 46

DEGREE EXAMINATION –ECONOMICS

FOURTH SEMESTER – APRIL 2007

EC 4500MACRO ECONOMIC THEORY

 

 

Date & Time: 21/04/2007 / 9:00 – 12:00          Dept. No.                                                     Max. : 100 Marks

 

 

Part – A                                                             5 * 4 = 20

 

Answer any FIVE Questions with not exceeding 75 words each.

 

  1. Define Macroeconomics.
  2. Distinguish between static and dynamic analysis.
  3. What do you mean by effective demand?
  4. What is natural rate of unemployment?
  5. Define capital-output ratio.
  6. What are the different phases of trade cycle?
  7. What is rate of economic growth and how does it differ from equilibrium growth rate?

 

 

Part – B                                                          4 * 10 = 40

 

Answer any FOUR Questions with not exceeding 150 words each.

 

  1. Explain the various methods of estimating national income? Point out its imperfections.
  2. Explain the circular flow of economic activity in a simple economy.
  3. Do you agree that wage-cut will solve the unemployment problem?
  4. Explain the factors determining consumption expenditure in the economy.
  5. Explain the concepts of MEC and identify the factors affecting it.
  6. Describe and distinguish between Demand-pull and Cost-push inflation.
  7. Explain the Hick’s theory of trade cycle.

 

 

Part – C                                                          2 * 20 = 40

 

Answer any TWO Questions with not exceeding 300 words each.

 

 

  1. State and criticize Say’s Law of Market and bring out its main implications.
  2. Critically examine the General Equilibrium Model.
  3. Analyse the Keynesian theory of liquidity preference.
  4. Examine the Kaldor’s growth model and why does it often referred as a basic Keynesian model.

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Loyola College B.A. Economics April 2008 Macro Economics – I Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

BC 15

 

FOURTH SEMESTER – APRIL 2008

EC 4503 – MACRO ECONOMICS – I

 

 

 

Date : 26/04/2008                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 Micro and Macro economics.
  2. What is meant by stock and flow relationship?
  3. Differentiate GDP form GNP.
  4. Explain the term Social Accounting.
  5. What is meant by Consumption Function?
  6. Explain Aggregate Supply Function.
  7. What is meant by Marginal Efficiency of Capital?

PART – B

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

 

  1. Explain the nature and scope of Macro Economics.
  2. Examine Static, Comparative Static, and Dynamic Analysis.
  3. Explain the phenomenon of circular flow of Income.
  4. Critically examine Says Law of Market.
  5. Explain the Components of Aggregate demand function.
  6. Distinguish between Multiplier and Accelerator.
  7. Briefly state IS – LM analysis.

PART – C

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

 

  1. Define National Income and examine various methods of computing National Income along with its limitations.
  2. Evaluate Classical Theory of Income and Employment.
  3. Explain Keynesian theory of Income Determination.

Examine liquidity preference Theory of Interest.

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Loyola College B.A. Economics April 2008 Macro Economic Theory Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

BC 52

 

FOURTH SEMESTER – APRIL 2008

EC 4500 – MACRO ECONOMIC THEORY

 

 

 

Date : 26/04/2008                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 stocks and flows.
  2. Define GNP at market price.
  3. Write a short note on Laissez faire.
  4. What do you understand by marginal propensity to consume?
  5. What is liquidity trap?
  6. What is meant by accelerator?
  7. How do you classify inflation on the basis of rate of increase in price?

 

PART – B

 

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

 

  1. Bring out the scope and importance of macroeconomics.
  2. Explain the various methods of measuring national income and list out the difficulties involved in measuring national income.
  3. Elucidate the process of circular flow of income and product in a three-sector closed model.
  4. Elaborate the Keynesian model of income determination.
  5. Discuss the concept of “investment multiplier”.
  6. Briefly explain the various phases of trade cycle.
  7. Illustrate the derivation of LM curve.

 

PART – C

 

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

 

  1. Bring out the importance of static, comparative static and dynamic analysis in economics.
  2. What do you understand by social accounting? How are social accounts arrived? Discuss the importance of social accounting in economic analysis.
  3. Define inflation. Enumerate the causes for inflation and remedial measures.
  4. Critically examine the Harrod-Domar models of economic growth.

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