Name of the University : Vardhman Mahaveer Open University
Degree : MA
Department : Economics
Subject Code/Name : MAEC-05 – International Economics
Year : II
Document Type : Question Bank
Website : vmou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/vmou.ac.in/3566.-MAEC-05_201.pdf
VMOU International Economics Question Paper
Time: 3 Hours
Max. Marks: 80
Note: The question paper is divided into three sections A, B & C. Write Answers as per the given instructions.
Related : Vardhman Mahaveer Open University MAEC01 Economic Theory I MA Question Bank : www.pdfquestion.in/3567.html
Section — A
1. Reciprocal demand
2. Factor intensity
3. Terms of trade
4. Optimum tariff rate
5. Import Quota
6. Common market
7. Full form of SARC
8. Absolute cost difference
9. Laissez faire
10. Factor price Equalisation
11. Tariff
12. Free Trade Area
13. Current account
14. Import substitution
15. Full name of I.F.C.
16. Comparative difference in costs.
17. Opportunity cost.
18. Leontief Paradox.
19. Immiserising Growth
20. Deterioration in terms of trade.
21. Effective rate of protection
22. Balance of trade
23. Full name of I.M.F.
24. Mill- s paradox.
25. Production possibility curve
26. Rybezynski theorem
27. Community Indifference curve
28. Meaning of protection
29. Infant Industry
30. Purchasing power purity
31. Main objective of world bank
32. Mercantlist thought
33. Absolute cost advantage
34. Heckscher-ohlin model
35. Small country
36. Retaliatory tariff
37. Bilateral Quota
38. Benelux
39. Exchange Depreciation
40. Laissez passé.
41. Domestic Exchange ratio
42. The Price criterian of H-O model.
43. Stopler-samuelson theorem.
44. Humna capital
45. Tariff Quata
46. Devatation
47. Short term capital movements
48. Mills theory of reciprocal demand.
49. The physical criterion of H-O Model
50. Demonstration effects
51. Product cycle hypothesis
52. Mixed Quota
53. Economic Union
54. Capital account
55. Main objective of I.M.F.
56. Offer curve
57. Labour theory of nature
58. Neutral Technical progress
59. European monetary union
60. Marshall-Lerner condition
61. Export Promotion
62. Mint parity theory
63. Long term capital movement
Section — B
1. Write a short note on stopler-samulson theorem.
2. Explain the dectvive of comparative cost advantage.
3. What is the importance of terms of trade-
4. Discuss the casues of deterioration in the terms
5. Write short note on optimum tariff rate.
6. Explain the marshall lerner condition.
7. Explain the role played by world bank
8. Write short note on European money market.
9. Write a short note on Absolute cost advance age theory.
10. Explain the causes of International trade.
11. What do you mean by offer curve-
12. Explain the concept of “Immicerising growth” in Briefly.
13. What is the meaning of Regional Economic co-operation-
14. What is meant by “Dumping”-
15. Explain the foreign trade multiplier
16. Write a short note on Internation monetary
17. Explain the factor price equalization theorem.
18. What do you understand by Leontief Paradox-
19. Discuss the determinants of the size of gains from trade.
20. What are the main reasons for secular deterioration of terms of trade for developing nations?
21. Explain the effective rate of protection.
22. Explain the „Mill-bsestabal test?.
23. Discuss the main causes of disequilibrium in balance of payment.
24. Critically examine the India?s external debt problems
25. Explain Haberler?s theory of opportunity under decreasing cost.
26. Explain the Empirical verification of comparative cost advantage theory of International trade.
27. Explain the concept of community indifference curve.
28. Explain the causes of disequilibrium in Balance of payments.
29. What are the gain of International trade?
30. What do you meant by import quota? Discuss its different types.
31. Define the trade policy? Explain the objective of trade policy of developing country.
32. Explain the short term capital movements.
33. Write short note on opportunity cost doctrine of Haberler.
34. Explain the main causes of International trade.
35. Explain the General equilibrium in trade.
36. Discuss the causes of deterioration in the terms of trade of developing countries.
37. What is the meaning of regional economic co-operation? What are its various forms?
38. Explain the current account balance and capital account balance.
39. Discuss the foreign Trade policy of India.
40. Explain the foreign trade multiplier with and without foreign repercussion.
41. Write short note on European money market.
42. Write short note on Taussing?s international trade theory.
43. Explain the Venons product cycle hypothesis.
44. Explain the term of factor price equalization.
45. Analyse the difference and similarity between and Import quota and tariff.
46. What do you mean by terms of trade? Explain the importance of terms of trade.
47. What do you mean by Impact substitution? Write the advantages and disadvantages of Import substitution.
48. Write short note on Recent trends in India?s foreign trade.
49. Explain the effect of International and capital movements.
50. Explain the theory of Reciprocal demand.
51. Write short note on Concept of factor intensity reversal.
52. Explain the effect of Technical progress on International trade.
53. Critically discuss the prebisch-singer thesis.
54. What do you mean by free trade? Discuss its advantages and disadvantages.
55. What do you mean by Economic Integration? Discuss the different Forais of Economic Integration with example.
Section — C
Long Answer type Questions :
1. Discuss the opportunity cost doctrine of International trade propounded by Haberler
OR
What is an offer curve? How will you justify the shape of an offer curve? With the help of offer curve explain Mill?s law of reciprocal demand.
2. Explain the meaning, components and disequilibrium in balance of payments. What are the causes of disequilibrium in India?s balance of payments?
OR
Explain the monetary approach of the balance of payments under fixed and flexible exchange rates.
3. In the light of the experience of floating exchange rates if recent years. Discuss the relative merits and demerits of a flexible exchange rate of system.
OR
Explain the purchasing power parity theory.
4. Explain any two of the following :
(i) Indian foreign trade policy
(ii) J-curve effect
(iii) India & SAARC
5. Explain the similarities between Internal and International trade. Is it necessary to have a separate theory of International trade?
OR
Discuss with example the comparative cost theory of Ricardo. What are the main criticisms advanced against it?