Exam Details

Subject Macroeconomic Analysis
Paper
Exam / Course Master of Arts in Economics
Department School of Social Sciences (SOSS)
Organization indira gandhi national open university
Position
Exam Date December, 2015
City, State new delhi,


Question Paper

Answer any two questions from this section in about 500 words each.

1. Explain the role of Human Capital and R&D in endogenous growth theory. Also give a critical assessment of New Growth Theory.

2. How can life cycle hypothesis solve Kuznets' consumption data puzzle? Explain.

3. How does a country use fiscal and monetary policies to correct a recession or unemployment with flexible exchange rates, given perfect capital mobility? Explain.

4. What is Steady State Explain the Golden Rule for steady state for an economy.

Answer any five questions from this section in about 250 words each.

5. Explain the main features of classical dichotomy.

6. "IS -LM analysis is neo-classical synthesis." Explain.

7. What are the implications of random walk hypothesis of consumption for the government policies?

8. Explain the idea of intertemporal maximization of utility.

9. Distinguish between adaptive and rational expectation approaches.

10. Compare and contrast J. Schumpeter's and R. Goldwin's approaches to generation of business cycles.

11. Explain the two-period overlapping generations model.

12. What are the main features of search models of employment? Explain.

13. Briefly explain the following:

Wage-price rigidity

Real Business Cycle


Departments

  • Centre for Corporate Education, Training & Consultancy (CCETC)
  • Centre for Corporate Education, Training & Consultancy (CCETC)
  • National Centre for Disability Studies (NCDS)
  • School of Agriculture (SOA)
  • School of Computer and Information Sciences (SOCIS)
  • School of Continuing Education (SOCE)
  • School of Education (SOE)
  • School of Engineering & Technology (SOET)
  • School of Extension and Development Studies (SOEDS)
  • School of Foreign Languages (SOFL)
  • School of Gender Development Studies(SOGDS)
  • School of Health Science (SOHS)
  • School of Humanities (SOH)
  • School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
  • School of Journalism and New Media Studies (SOJNMS)
  • School of Law (SOL)
  • School of Management Studies (SOMS)
  • School of Performing Arts and Visual Arts (SOPVA)
  • School of Performing Arts and Visual Arts(SOPVA)
  • School of Sciences (SOS)
  • School of Social Sciences (SOSS)
  • School of Social Work (SOSW)
  • School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
  • School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
  • School of Translation Studies and Training (SOTST)
  • School of Vocational Education and Training (SOVET)
  • Staff Training & Research in Distance Education (STRIDE)

Subjects

  • Actuarial Economics: Theory and Practice
  • Econometrics Methods
  • Economics of Growth and Development
  • Economics of Social Sector and Environment
  • Financial Institutions and Markets
  • Indian Economic Policy
  • International Trade and Finance
  • Macroeconomic Analysis
  • Microeconomic Analysis
  • Public Economics
  • Quantitative Methods
  • Research Methods In Economics