EC03 Theory of Macro Economics B.A Question Bank : uou.ac.in
Name of the University : Uttarakhand Open University
Degree : B.A
Department : Economics
Subject Code/Name : EC03 Theory of Macro Economics
Document Type : Old Question Papers
Website : uou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/uou.ac.in/4458.-EC-03.pdf
Theory of Macro Economics :
B.A. (Part-2) (NEW COURSE)
Time : 3 hours
Max Marks: 60
Related : Uttarakhand Open University EC02 Development Issues in Indian Economics B.A Question Bank : www.pdfquestion.in/4455.html
Note : The questions paper is divided into three sections A,B and C.
Section A
(LONG ANSWER’s Question)
Note : Answer any two questions .Each question carries 15 marks. 2×15=30
(1) What shortcomings arise out of ignoring natural capital in national income accounting?
(2) Define National Income? What are the different methods for the measurement of national income ?
(3) “The logical starting point of Keynes’s theory of employment is the principle of effective demand.”Discuss.
(4) Explain critically any one of the following theories of business cycles
(i) Hayek’s Theory of Over-insvetment.
(ii) Purely Monetary Theories : Hawtrey’s Theory.
(iii) Samuelson’s Theory.
Section B :
(Short Answer’s Questions)
Note : Answer any four questions .Each question carries 05 marks.
4×5=20
(1) What do you understand by National Income Accounting-
(2) What do you understand from Leakage in Multiplier Effect-
(3) Explain the working of Accelertion Principle with the help of an example-
(4) Discuss the scope of macro economics-
(5) Define an economic growth.
(6) What are the limitations of Harrod and Domar Models-
(7) What is the Theory of Surplus Value-
(8) What are the Criticisms of Schumpeter’s Theory-
Section C
Objective Type Question (Compulsory)
Note : Answer all questions .Each question carries 01 marks. 10×1=10
Write True/False against the following.
(1) Economic Development is a constant process. True/False
(2) UNDP is the publisher of Human Development index. True/False
(3) According to Keynesian economics in short term the aggregate supply function increases. True/False
(4) Surplus value is one of the Assumption of Marx’s Economic Growth Theory. True/False
(5) The average propensity to consume is saving/demand. True/False
Note : Choose the correct alternative.
(6) In a period of time National Income is:
(a) Real Income
(b) Total Stock
(c) A Flow
(d) None of the above
(7) The other name of census of production method of measuring National Income is :
(a) Income Method
(b) Total Product Method
(c) Expenditure Method
(d) None of the above
(8) The other name of Macro Economics is:
(a) Micro Economics
(b) Wage Theory
(c) Aggregative Economics
(d) None of the above
(9) Which economist gave the concept of Acceleration?
(a) J.M. Keynes
(b) J.M. Clark
(c) Samuelson’s
(d) Hicks
(10) Who authored the book ’Essays on the Theory of Economic Growth’:
(a) Keynesian
(b) Domer
(c) Lewis
(d) None of the above
Second Year, Examination-2015 :
EC-03 Macro Economics :
Time : 3 Hours
Maximum Marks : 60
Note : This paper is of sixty (60) marks divided into three (03) sections A, B, and C. Attempt the questions contained in these sections according to the detailed instructions given therein.
Section – A : (Long Answer Type Questions)
Note : Section ‘A’ contains four (04) long-answer-type questions of fifteen (15) marks each. Learners are required to answer any two (02) questions only. (2×15=30)
1. What do you understand by National Income ? What is its importance ? Describe the different methods of measuring National Income.
2. The starting point of keynes theory of employment is the principle of effective Demand with logical point of view. Discuss critically.
3. Critically analyse Hicks model of trade cycle.
4. Explain Harrod’s model of economic growth and point out its main limitations.
Section – B : (Short Answer Type Questions)
Note : Section ‘B’ contains eight (08) short-answer-type questions of five (05) marks each. Learners are required to answer any four (04) questions only. (4×5=20)
1. Explain Macro Economic analysis and its importance.
2. ‘Supply creates its own demans’. Explain
3. Explain the factors determining propensity to consume.
4. What do you understand by marginal efficiency of capital ? Discuss the factors affecting marginal efficiency of capital.
5. Describe Hawtrey’s monetary theory of trade cycle.
6. What do you understand by economic development ? Describe indicators of economic development.
7. Elucidate on the concept of multiplier.
8. Explain Liquidity preference theory of interest.