BA 1st Semester Economics (H-II) Question Paper 2016 honours paper
TDC Odd Semester Exam., 2016
ECONOMICS
( Honours)
( 1st Semester)
Course No. : ECOH-102
(Macroeconomics—I)
Full Marks: 50
Pass. Marks: 17
Time: 2 hours
The figures in the margin indicate full marks for the questions
Answer five questions, taking one from each Unit
UNIT—I
1. (a) Distinguish between economic statics and economic dynamics. 6
(b) Add a note on the significance of economic dynamics. 4
2. (a) Define macroeconomics. Discuss the utility of macroeconomics in relation to microeconomics. What are the limitations of macroeconomic analysis? 2+4+2=8
(b) Give two examples of flow variable. 2
UNIT—II
3. (a) Discuss the concepts of ON?, NNP and ODP. 3
(b) what is national income accounting? Discuss the principles of national income accounting in detail. 2+5-7
4. (a) How can national income be estimated with the help of expenditure method? Discuss elaborately. 6
(b) How can the problem of double counting in the measurement of national income be avoided with the help of value-added method? Discuss with suitable illustrations. 4
UNIT—Ill
5. (‘a) Explain the classical theory or employment. On what grounds has it been criticized by Keynes? Discuss. 5.3-8
(b) what are the main postulates of Say's Law of market? 2
6. (a) Distinguish between voluntary unemployment and involuntary unemployment. 2
(b) How do interest rate flexibility and wage rate flexibility play important roles in the attainment or Ml employment In the context of classical economics? Discuss with the help or suitable diagrams. 4+4=8
UNIT—VI
7. Critically discuss Keynesian theory of employment. 10
8. write short notes on the following-: 6.4’n1On
(a,) Liquidity trap
(b) The equation of exchange
UNIT—V
9. Discuss relative income hypothesis of consumption function. what are it.s limitations? 7+3—10
10. Distinguish between multiplier and accelerator. what are the linkages of multiplier? Discuss elaborately. what are the limitations or multiplier theory? 3+4+3-10
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