1
10 Marks150 Wordsmedium
Does a monopolistically competitive market lead to excess capacity under price competition?
EconomyMicroeconomics
2
10 Marks150 Wordsmedium
Explain some of the measures for assessing the monopoly power of a firm.
EconomyMicroeconomics
3
10 Marks150 Wordshard
Using the IS-LM model, show how expected deflation may cause equilibrium output to remain at less than full-employment level.
EconomyMacroeconomics
4
10 Marks150 Wordshard
Is stagflation a logical outcome of Keynesian orthodoxy? Give reasons for your answer.
EconomyMacroeconomics
5
10 Marks150 Wordsmedium
What is high-powered money? Explain how changes in short-term monetary policy affect high-powered money and money multiplier.
EconomyMacroeconomics
6
15 Marksmedium
Explain why in a duopoly model of collusion, each firm has an incentive to cheat the other.
EconomyMicroeconomics
7
15 Marksmedium
Show how a dominant firm with a competitive fringe can act as a price leader in an oligopoly market.
EconomyMicroeconomics
8
20 Markshard
Give an outline of Kaldor's theory of distribution. Also explain the implications of an increase in the wage level and a reduction in the saving rate on the distribution of income.
EconomyMacroeconomics
9
15 Marksmedium
In the simple Keynesian model, if consumption and investment are both functions of income, how would the multiplier be affected?
EconomyMacroeconomics
10
15 Markshard
What is hysteresis? Explain the impact of hysteresis in Gradualist Monetarist and Eclectic Keynesian frameworks.
EconomyMacroeconomics
11
20 Markshard
How will you derive the real aggregate demand curve using the New Classical Theory?
EconomyMacroeconomics
12
15 Marksmedium
What is interest rate targeting? Explain using the concept of Taylor rule.
EconomyMacroeconomics
13
15 Marksmedium
In an open economy with high capital mobility, monetary management can be a successful tool to increase output. Explain.
EconomyInternational Economics
14
20 Marksmedium
The burden of tax depends upon the elasticity of demand and supply of a commodity or service. Explain with suitable examples.
EconomyMicroeconomics
15
10 Marks150 Wordsmedium
Under what conditions will devaluation create trade surplus and increase output in the simple Keynesian framework?
EconomyInternational Economics
16
10 Marks150 Wordsmedium
What are shadow prices? Why are these preferred over market prices in project evaluation?
EconomyDevelopment Economics
17
10 Marks150 Wordshard
In Harrod's model of growth, if the expected growth rate exceeds the warranted growth rate, what will be the relation between the actual growth rate and the expected growth rate?
EconomyEconomic Growth
18
15 Marksmedium
Explain why the market and the State have complementary roles in economic development.
EconomyDevelopment Economics
19
15 Marksmedium
How does rural economic activity create environmental degradation in developing economies?
EnvironmentEconomyDevelopment Economics
20
20 Marksmedium
What policies would you suggest to combat negative environmental externalities?
EnvironmentEconomyPolicy