LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

TA 36

   B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – November 2008

EC 5504 / EC 4500 – MACRO ECONOMICS – II

 

 

 

Date : 13-11-08                     Dept. No.                                       Max. : 100 Marks

Time : 9:00 – 12:00

PART  A

 

ANSWER ANY FIVE  QUESTIONS IN ABOUT 75 WORDS EACH

                                                                                       (5×4 =20MARKS)

 

1. Define consumption function
2. What is a trade cycle?
3. Define inflation
4. Explain the term ‘growth’
5. Distinguish between monetary policy and  fiscal policy
6. What are innovations?
7. Define multiplier

PART B

 

ANSWER ANY FOUR QUESTIONS IN ABOUT 250 WORDS EACH

                                                                                     (4×10 = 40 MARKS)

 

1. Explain absolute income hypothesis
2. Briefly explain  multiplier-  accelerator  interaction model by Samuelson and Hicks
3.  Discuss the various types of inflation
4.  Explain Kaldor’s  model of income distribution through  differential savings.
5. Explain Hawtrey’s theory of trade cycle
6. What is inflationary gap? What measures need to be taken to close the gap.
7. Mention the characteristics  of a trade cycle and explain the  different phases  of

a trade cycle.

 

PART  C

 

ANSWER  ANY TWO QUESTIONS IN  ABOUT 900  WORDS EACH

                                                                                   ( 2×20 = 40 MARKS)

 

1. Explain Kaldor’s theory  of trade cycle.
2. Discuss the causes and effects  of inflation. What measures need to be taken to control inflation?
3.  Examine the Harrod – Domar  model of growth.

What is the role of  monetary and fiscal policy in maintaining  economic growth with  economic stability.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

TA 10

FIFTH SEMESTER – November 2008

EC 5504 – MACRO ECONOMICS – II

 

 

 

Date : 03-11-08                     Dept. No.                                        Max. : 100 Marks

Time : 9:00 – 12:00

 

PART -A                                                                                                                                                      

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

 

1. What are the non-income factors which would shift the consumption

function upward according to Absolute Income Hypothesis ?

2. Briefly state Schumpeter’s Innovation Theory.
3. State the weakness of Hayek’s theory of trade cycle.
4. What are the types of inflation classified on the basis of speed.
5. State any four assumptions of Kaldor’s model of Distribution.
6. Briefly bring out the distinguishing features of Harrod and Domar Models.
7. State the major goals of Macro Economic Policy.

 

PART – B

            Answer any FOUR questions in 250 words.                          (4×10 = 40 marks)

 

8. Explain the two assumptions of James Dussenberry.
9. Bring out the criticisms against Hawtrey’s theory of trade Cycle.
10. Explain the concept of Inflationary Gap and the factors causing Inflationary Gap.
11. Explain the Hayek’s Monetary Over Investment theory of Trade Cycle.
12. Briefly explain Harrod’s Model of Growth.
13. Bring out the effects of Inflation on Production and Distribution.

14.Explain the criticisms against Monetary Policy objective of price stability.

PART – C

            Answer any Two questions in about 900 words.                   (2×20 = 40 marks)

 

15. Explain Milton Friedman’s ‘Permanent income Hypothesis and make a

critical appraisal of the theory.

16. Discuss Samuelson’s Model of Trade Cycle and point out its merits.
17. Explain Demand-Pull and Cost-Push Inflation.
18. Explain the growth Model of Kaldor clearly spelling out its content and

significance.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

PK 30

FIFTH SEMESTER – April 2009

EC 5504 – MACRO ECONOMICS – II

 

 

 

Date & Time: 04/05/2009 / 1:00 – 4:00  Dept. No.                                                   Max. : 100 Marks

 

 

 

PART-A                                                (5 x 4 = 20 Marks)

 

           Answer any FIVE questions not exceeding 75 words each.

 

1. What is Absolute Income Hypothesis?
2. Explain the various phases of a business cycle.
3. Explain Haw trey’s monetary theory?
4. What do you mean by Inflationary gap?
5. What is Stagflation?
6. Distinguish between Cheap and Dear money policy?
7. Define Fiscal Policy.

 

PART-B                                                     (4 x 10 = 40 Marks)

 

            Answer any FOUR questions not exceeding 250 words each.

 

8. Explain the Life cycle consumption function.
9. Explain Schumpeter’s theory of innovations as the explanation of Cyclical fluctuations
10. Discuss the Causes of Inflation
11. Discuss the theory of Phillips
12. Distinguish between the Actual growth rate and the Warranted growth rate.
13.  Explain the principal instruments of monetary policy.
14. Explain the effects of lags in economic policy.

 

 

PART-C                                               (2 x 20 = 40 Marks)

 

             Answer any TWO questions not exceeding 900 words.

 

15. Explain Friedman’s permanent income hypothesis.
16. Discuss critically Samuelson’s model of trade cycles.
17. Explain Kaldor’s Income distribution model. In what way is it improvement over the

Harrod model?

18.   Discuss the role of Monetary policy in a developing economy.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

AF 01

B.A. DEGREE EXAMINATION – ECONOMICS

FOURTH SEMESTER – April 2009

EC 4503 – MACRO ECONOMICS – I

 

 

 

Date & Time: 24/04/2009 / 9:00 – 12:00    Dept. No.                                                       Max. : 100 Marks

 

 

PART –A

 

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

 

1. Define Macro Statics.
2. Distinguish between GDP and GNP.
3. What do you mean by comparative static analysis?
4. What are properties or technical attributes of Consumption Function?
5. What do you mean by Induced Investment?
6. Define ‘Multiplier’.
7. What is Liquidity Trap?
8. What do you mean by Effective Demand?

 

PART – B

 

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

 

1. Explain the Stock and Flow concepts.
2. Social Accounting or National Income Accounting is an indicator of health

of the Economy – discuss.

11. Higher the marginal propensity to consume, higher will be the value of the

Multiplier – Discuss the Statement.

1. Why is MEC expressed as a rate of discounting? How does this concept help

in explaining the investment behavior?

1. The interaction of aggregate supply and demand functions  determines the

equilibrium level of output and employment – Discuss.

1. Derive an IS LM curve  –  Give their properties.

 

PART – C

 

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

 

1. Discuss the scope of macro economics analysis. What are the limitations of

macro economic analysis?

1. Explain the circular flow of income in an economy including the foreign

Sector. Use diagrams to illustrate your answer.

1. Keynes Consumption function is an epoch making tool in economics analysis

– Discuss.

18. Compare the classical and Keynesian models of income determination and

point out the difference between the two.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

   B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – NOVEMBER 2010

EC 5504 – MACRO ECONOMICS – II

 

 

 

Date : 29-10-10                     Dept. No.                                                  Max. : 100 Marks

Time : 9:00 – 12:00

PART – A                                                     (5 x 4 = 20 marks)

 

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

 

1. Define the concept Absolute Income Hypothesis.
2. What is meant by ratchet effect of Duesenberry?
3. Define Acceleration.
4. “The value of the multiplier is the reciprocal of the MPS” – Explain
5. Define inflation.
6. What is Knife-edge balance?
7. What are the instruments of monetary policy?

                                                                        PART – B                                                    (4 x 10 = 40 marks)

 

Answer any FOUR of the following each answer not exceeding more than 300 words:

 

1. Examine the main elements of Keynes’ absolute income theory. What are the improvements made by Dusenberry upon it?
2. “The trade cycle is a purely monetary Phenomenon” – Examine
3. Explain over investment theory of Von Hayek in analysing the trade cycle.
4. Elucidate and distinguish between Demand – Pull and Cost Push inflation.
5. What are the determinants of general price level?
6. Briefly explain the Harrod – Domar model of growth.
7. Write a short note on Monetary Policy in maintaining economic growth.

                                                                        PART – C                                                    (2 x 20 = 40 marks)

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

 

1. Describe critically Milton Friedman’s Permanent income theory.
2. What are the main similarities and differences between the multiplier accelerator interaction models of Hicks and Samuelson?
3. Explain the statement that Kaldor attempts to provide a framework for relating the genesis of technical progress to capital accumulation in his model of growth.
4. Discuss the role of Fiscal Policy in a developing economy?

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – APRIL 2011

EC 5504 – MACRO ECONOMICS – II

 

 

 

Date : 11-04-2011              Dept. No.                                                    Max. : 100 Marks

Time : 9:00 – 12:00

 

PART – A

 

Answer any FIVE questions in about 75 words                                                 5 x 4 = 20

 

1. Explain the term Absolute Income Hypothesis.
2. Distinguish between multiplier and accelerator.
3. What are the phases of Trade cycle?
4. Explain the concept ‘cost push inflation’
5. Give a brief account of the theory of innovation.
6. Explain the concepts growth and stability.
7. What are the factors determining income and saving.

 

 

PART  B

 

Answer any FOUR questions in about 250 words                                                         4 x 10 = 40

 

8. Highlight the superiority of Relative Income Hypothesis.
9. Write a note on Hawtrey’s theory of trade cycle.
10. Explain the working of income multiplier.
11. Describe the various effects of inflation.
12. Explain the factors causing changes in general price level.
13. Distinguish between actual growth rate and warranted growth rate.
14. Explain the various objectives of fiscal policy.

 

 

PART  C

 

Answer any TWO question in about 900 words                                                            2 x 20 = 40

 

15. Examine Friedman’s permanent income hypothesis.
16. Evaluate Kaldor’s theory of Trade Cycle.
17. Explain Harrod – Domar’s growth model.
18. Critically examine the role of monetary and fiscal policies in maintaining economic growth with stability in India.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FOURTH SEMESTER – APRIL 2011

EC 4503 – MACRO ECONOMICS – I

 

 

 

Date : 07-04-2011              Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

PART – A

 

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

 

1. Explain Comparative statics.
2. Distinguish between time series and cross section data.
3. Define Disposable income.
4. Briefly explain circular flow of income in a two sector economy.
5. State the assumptions of classical theory of employment.
6. Define Effective demand.
7. What is Multiplier?
8. Define Autonomous investment.

 

PART – B   

                                        

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

 

9. Trace the limitations of macro economics.
10. Examine the importance of social accounting.
11. Analyse the Classical theory of employment.
12. How Effective Demand is determined? Explain.
13. Discuss the factors influencing induced investment.
14. Examine money market equilibrium.

 

PART – C    

                                      

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

 

15. Discuss the significance of macro economics and differentiate it from micro economics.
16. What is social accounting? Explain its components.
17. Examine the consumption function. What is its importance?

Derive IS-LM curve and analyse the general equilibrium of product and money market.

 

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – APRIL 2012

EC 5504 – MACRO ECONOMICS – II

 

 

 

Date : 25-04-2012              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. State the different types of trade cycles.
2. Bring out the various steps in innovation.
3. What is inflationary gap?
4. State the determinants of savings.
5. Briefly analyse Hayek’s theory of trade cycle.

6. What is growth with stability?

1. Bring out the determinants of general price level.

PART – B                 

 

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

1. Explain the absolute income hypothesis.
2. Trade cycle is purely monetary phenomenon-Elucidate.
3. Analyse the causes of inflation.
4. Discuss the salient features of Kaldor’s model.
5. Examine the effects of multiplier.
6. Discuss the objectives of monetary policy.
7. Bring out the effects of inflation.

       PART – C                      

 

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

1. Explain Friedman’s permanent income hypothesis.
2. Critically analyse Hicks theory of trade cycle.
3. Discuss the different types inflation.
4. Analyse Harrod-Domar growth model.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – APRIL 2012

EC 5504 – MACRO ECONOMICS – II

 

 

 

Date : 25-04-2012              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. State the different types of trade cycles.
2. Bring out the various steps in innovation.
3. What is inflationary gap?
4. State the determinants of savings.
5. Briefly analyse Hayek’s theory of trade cycle.

6. What is growth with stability?

1. Bring out the determinants of general price level.

PART – B                 

 

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

1. Explain the absolute income hypothesis.
2. Trade cycle is purely monetary phenomenon-Elucidate.
3. Analyse the causes of inflation.
4. Discuss the salient features of Kaldor’s model.
5. Examine the effects of multiplier.
6. Discuss the objectives of monetary policy.
7. Bring out the effects of inflation.

       PART – C                      

 

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

1. Explain Friedman’s permanent income hypothesis.
2. Critically analyse Hicks theory of trade cycle.
3. Discuss the different types inflation.
4. Analyse Harrod-Domar growth model.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FOURTH SEMESTER – APRIL 2012

EC 4503/EC 4500 – MACRO ECONOMICS – I

 

 

 

Date : 21-04-2012              Dept. No.                                        Max. : 100 Marks

Time : 1:00 – 4:00

 

PART – A

 

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

 

1. Explain Macro Dynamics.
2. Differentiate between Stock and Flow.
3. Define Social Accounting.
4. Explain the term ‘Circular Flow of Income’.
5. What is Say’s Law of Market? Explain.
6. Explain Aggregate Demand Price.
7. Define Marginal Efficiency Capital.

 

PART – B

                                       

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

 

8. Examine the scope of acro economics.
9. Distinguish between Statics and Dynamics.
10. Explain the importance of Social Accounting.
11. Discuss the Classical Theory of Employment.
12. Examine the factors of consumption function.
13. Analyse the importance of Multiplier.
14. Discuss Product Market Equilibrium.

 

PART – C

                                      

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

 

15. Examine Circular Flow of Income in a three sector economy.
16. Evaluate Keynes’ Psychological Law of Consumption.
17. What do you mean by induced investment? Discuss the determinants of inducement to invest.
18. Examine General Equilibrium of Product and Money markets by deriving IS and LM curves.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A., DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – NOVEMBER 2012

EC 5504 – MACRO ECONOMICS – II

 

 

 

Date : 01-11-2012              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 Relative Income Hypothesis.
2. Explain the term ‘Recovery’.
3. What is Accelerator?
4. Explain Cost Push inflation.
5. List out the effects of inflation.
6. Briefly explain Kaldor’s model of income distribution.
7. Define economic stability.

 

PART – B   

                                       

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

 

8. Explain Absolute Income Hypothesis.
9. Discuss Schumpeter’s Trade Cycle theory.
10. Explain the principle of Multiplier.
11. Examine the causes of inflation.
12. Analyse Harrod-Domar model of growth.
13. Explain the fiscal policy measures available to maintain economic stability.
14. Discuss the effectiveness of open market operations.

 

PART – C    

                                      

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

 

15. Critically evaluate Permanent Income Hypothesis.
16. Elucidate Hicks’ model of Trade Cycle.
17. Trace the effects and the remedial measures for controlling inflation.

Analyse the usefulness of fiscal policy measures in maintaining economic growth.

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FOURTH SEMESTER – NOVEMBER 2012

EC 4503/ 4500 – MACRO ECONOMICS – I

 

 

 

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

Time : 1:00 – 4:00

 

PART – A                  

 

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

1. Describe the concept of stocks and flows in macro economics.
2. Analyse the components of GNP.
3. What is wage-price flexibility?
4. Define effective demand.
5. Why does IS curve slope downwards?

6. Distinguish the concepts of ex-ante and ex-post savings.

1. What is disposable income?

PART – B                  

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

1. Distinguish between micro and macro economics.
2. Explain the circular flow of income.
3. Discuss Say’s Law of Market.
4. Explain the marginal efficiency of capital.
5. Analyse the effects of multiplier.
6. Discuss Keynes’ money-wage rigidity model.
7. Discuss how the consumption function relates the amount of

consumption to the level of income.

 

PART – C                  

 

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

1. Explain the nature and scope of macro economics.
2. Discuss the different methods of measuring national income.
3. Analyse the liquidity preference theory of interest.
4. Explain IS-LM model.

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