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2b) ue) 20) bp HRS GE +a SECTION + featefae wen am ay ex arc ace 150 seat F Gey 318) -AREWEr thé flloring questions ia about 10 wonds och, args 4 feven & ies oe araciie cfrata — ‘Campare and contrast Marshallian end Walracian agprooch ‘equilibrium. Spproachey of 4a) aerntea oe weet m1 Re anh ati f& Ge alas zt ats SITE RE arnfaes cae fi ais at are Sait 2 | =: Using generalised Lorenz dominance show that lower ins social welfare state 4) ane a ais A ofa wea fen cere apts ein) ‘Examine the relationship between busincss cycle and changes ‘inoue gan ‘expenditure, = ae er woert our fac-fider & 88 at aha ther Pe goer gee He | 480 Docs government bores always ewwd out the private worewmen ilusmte ra ah wean at FOR Rt AS aw afte wd ow TA wie Bey {ee Re Fa HT ae AS oF cra eats EL Pot [ary sre ees VATE | The slape ef the IS stedale wil besumestsper ifthe government euces het Proportions! ax ot will not change at all if he goverment rines the fevel of lump Sum tax. Tus oF fas? Expl, 10 age Be moneda sere teen ates een fake sere grin wire A ent 3 eae Afi 1 Explin the differences herween Cournot mace of duepely with simi adic and aiFlromtted prac, aa 5 aq an 3 fa an a ace ats a) os ee Ste serie see Foe Septet mote to om ts 540) siti | ‘What trp of conjccture is involved in te exsieace of kinked demand wre? Doss shim hat Kinked deta cure tee sa pice determination model in a olive market 7 Justify your anceror i S005 ‘fiom fig fir Raed @ exer A enw, seat we eid, aera en ae an feat aan fie fier ace 8 whet a EL Bie) Enumine how profi, wage and rent in Ricardian system move difevenly with he momements in level oF icici a Seite fh ips srerer (reward mertaiers) i Se, ofiseecen wet erie HE Sup re a ie aera aaa & | ‘Show tt diferenses in nderying expectation Kea ta diereces im Keypcsian se ‘classical aggrepate supoly surve, ie Bile) Feral asi fares ew vedo wd om ater if fH geet B gf are—ee - ‘Sha SHY | sa een Be ey % nfs en one wart wh Re Apply tse theory of liuidity preferense t explazn veh as increase an wroacy 48208¥ Sais the interest rie, Whit does this expe spree Hew Fen 1025-59 afc al | tabiligy an 10 TF resge a higher 10 tonammus 16 ees 7 the rate of reduces 10 | Praestt sian and 5 rae ey supply evel is 48) 4b} AL) sia) Si) 4c) 54a) 540) 6 ih an it oe em tse ne Ps ATR, gts Desivesbornum xaereee supply curve fllosog alse ous that labourer chars What unfulfilled? Seah gage fart ow ae Hola fife oe Pat © sewers ©) 377 | Dosurhe high powered theory «f oacy supply in brief Stale Lhe ascart fade int sonsostion ands Bro 3 ATE Sa eet eel oa a af et a ta seca om we A sviereean 3 wah at Fey soem eh BY fer =a of) oe ae wines 4 fx Shea TT : fo ce eh wren A fee eee cc og fer fae Gavia oe | i thst iaciease in Government spending through booming £ bit an rec Reserve flo generatsrecesion in UNE 6 Hswrate your answer: {ins class egonowry with Fixed exchonae rate Gian open eoatonry wit fixed exchange cate ard without any cap @vE ‘BR! SECTION ‘B’ eae Bee Wet ST RR HT 150 aes HAAR Pris mF ‘prover th Follow ing questions it abaet 150-words each yorses0 antha-shaenee ow Frat wre oO gareen wr aftera & | Taetie-tei a fiat aren Bag | F plain Roseasten-Redan's view dit oconomis underdevelopment iste outcome of massive caotdetion Fale 10 fan saigraliey ART ‘Pra yeni fre re Pati: Ba awe aren Sf | Feynman pendersunstive meandevelopritlndexcan be conttted. 10 seein fe orm rrr 2 Bae eid pee fie sen aftr we gator @ | ‘Show that the economic integration 1s the pre-requisite to establish covered interest rate parity. 10 are, Fer oa en a 3 Gr eed ats dt #2 at A, Dales whet conciton Real Fxckanve Rate 3s syionymows ta “icra of cule’? Discus. 10 er ar ean & eat rahe aH ante enectne ay AREA em 82 een fae | 0 Ibo you agree obether sutcoable we of enéray ensures even wuss Explain 3 HXS-U-ECON phen A oe feet 72 eet om Rees a a “ (fsa) seafietin eat Beh ar 2? EE Aw mae valusic Kuancts’ inverted U chaped curve hypothesis of ine hold good forless developed countries as well? c So ise abe gf ay rer & ? eae ifort Pai a a me em 8 | 5 Does human capital cause economic growth ? Explain how huian capital formation canbe enhanced, is sere ify fs tee ft aifira af ee ee tee reas of ETA EA thr fa Hes fee wen gaa fe 8? Explain how Harrod’s warranted rate of growth i similar to Domar’s requited rac of srowth. How has Solow improved ypen Harred-Domu's grewth model ? 20 Sag saect et ged ea ae aanilacanae # afe-arn & fears & wat aia | Discuss the theory of acquired advaniage in iniermational trade using suitable examples. Fs ear oma & fran @ ot & stefan «Hi rieiam, Rah agat A game saree seit 26 wftchoen 1 afte eect & 7 cw Sr eae Str | Do you think that movement of the nominal exchange mate of Kuper sepceceais comesponding mavement of Indian goods vis-a-vis foreign seeds’ Explain your position, 18 Sre-weat af fieg Ara ea & 2 oer are rafts sedereers & few A? ret ome at ata fez thee | Whatare the different categories of trade blocks ? Are tad blocks beneficial to less developed economies ? Justify your answer. 0 aft ee sara area Ce aig SA oh ave dafry fe Tere ewer we sre Rea wan mrafaa ef | If the government raises taxes on labour income and interest income, explain how poiential GDP and eeonomie growth are affected, 8 en fr aftarm (eset) med a cere ew aMtaheeter < oem wa Ae een we Ga, caren fe | @ Ue ae aan ex mat a fi) ee a snieaen vies wg aor Txamine the efiecls of providing public service by « pnvale agency at a lesser Price than ewlier ond on {a} closed ceonomy with fixed wages G)_a closed evonamy with flexible wages Se 823 fears @ ger ge ht ae oer ae #7 cae a, a, ae A fee Pet seh settee a eres & fort, arenes AY ee feercat # agracn ah fart et flcgoes a fi fen 2 What ie Buchansn’s criticism of Arrows theorem ? Shaw how A. K. Sen proved Anges theorem without the overall consistency of social shoiee to avoid the enticism of Buchanan, = Sa? sone Gist/ibution. Bows it SECON

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