1
10 Marks150 Wordsmedium
Explain how equilibrium rate of interest and income are determined with the interaction of both product and money market.
2
10 Marks150 Wordsmedium
Distinguish between post-Keynesian approaches to horizontalist and structuralist theory of endogenous money supply.
3
10 Marks150 Wordsmedium
Explain how renewable resources will play a role in future economics.
4
10 Marks150 Wordsmedium
Mention the classification of assets held by a commercial bank. Discuss the problems faced by commercial bank due to rise in NPAs.
5
10 Marks150 Wordsmedium
Explain Myrdal's cumulative causation theory as the theory for development.
6
15 Marksmedium
What is conjectural variation? Show how some models of oligopoly are derived on the basis of it.
7
15 Marksmedium
Show that systematic monetary and fiscal policies are ineffective in controlling output and price level.
8
20 Marksmedium
What makes technical progress endogenous? Do you think that technology is a 'non-rival' good?
9
20 Marksmedium
Show that if the research becomes more successful, the growth rate will increase and hence the standard of living.
10
15 Marksmedium
Suppose that we have only two firms in the market with constant marginal costs of C₁ and C₂ respectively such that C₁ > C₂. What is the Bertrand equilibrium in this market? How is it different from the competitive equilibrium?
11
15 Marksmedium
Even green energy is not always green. Do you agree? Illustrate your answer taking biofuels as an example.
12
20 Marksmedium
You are given the data on the following variables in an economy: Government spending = 300, Planned investment = 200, Net exports = 50, Autonomous taxes = 250, Income-tax rate = 0.1, Marginal propensity to consume = 0.5
13
20 Marksmedium
Consumption (C) is 600, when income (Y) is equal to 1500. Solve for autonomous consumption.
14
20 Marksmedium
Solve for the equilibrium levels of output denoted (respectively by Yu and Yo) in the two scenarios-presence and absence of income tax in the economy.
15
20 Marksmedium
Solve for the change in net exports that would bring the equilibrium output level in the economy with the income tax to the level of Yu that you found in (ii). Specify both the magnitude and sign of the change.
16
15 Marksmedium
Many countries subsidize some of their export industries. Use a partial equilibrium model under perfect competition to illustrate the following effects of an export subsidy for a large country:
17
8 Marksmedium
Welfare effects of an export subsidy
18
7 Marksmedium
Which group is winning and which is losing from the subsidy?
19
15 Marksmedium
Briefly state the Kaldor's theory of distribution in determining the share of profit and the share of wages in national income. Explain the mechanism behind Kaldor's model.
20
20 Marksmedium
Show how the idea of monopolistic competition becomes intrinsic to the endogenous growth theory as postulated by Romer.
21
10 Marks150 Wordsmedium
State Arrow's five reasonable conditions which a social welfare function must satisfy.
22
10 Marks150 Wordsmedium
In the context of international trade theory, discuss in detail the various stages of the international product life cycle.
23
10 Marks150 Wordsmedium
Discuss the issue of compatibility between international trade and environment sustainability.
24
10 Marks150 Wordsmedium
In the context of a developing economy, do you think that fiscal policy is more effective than monetary policy? Give reasons in support of your answer.
25
10 Marks150 Wordsmedium
Explain how public-private partnership helps in the rapid economic development of a country.
26
8 Marksmedium
Assuming that the public tend to be persuaded by the campaign, what effect might this have on the economy's multiplier?
27
7 Marksmedium
Critics argue that this is unfair and leads to distortions in free trade. Examine how the economy performs here under flexible exchange rate system.
28
15 Marksmedium
What do you mean by Tobin's 'q' theory of investment? How would you modify the standard IS-LM functions in the presence of Tobin's 'q'?
29
20 Marksmedium
Explain how Keynesian speculative demand for money is restated in regressive expectation model. Point out its limitations.
30
15 Marksmedium
Describe Lewis model of development in an economy with unlimited supply of labour. Is Lewis model really capital-driven? Give reasons.
31
15 Marksmedium
Explain how trade blocks are important in the process of economic globalization. Illustrate your answer with suitable examples.
32
20 Marksmedium
Show that at the Cournot-Nash equilibrium, firm 2 makes higher profit than at the joint profit maximizing equilibrium. Explain why this is so.
33
15 Marksmedium
Explain the recent changes in the trade and investment flows among different countries in the world. Discuss the major factors that led to these changes.
34
15 Marksmedium
In an economy with only two commodities, two consumers and two producers with single factor of production, derive the necessary conditions for Pareto optimality in a 'perfect' economy.
35
20 Marksmedium
Discuss different forms of subsidies. Explain how perverse subsidies are detrimental to the economy and environment in the long run.