M.A. DEGREE EXAMINATION, APRIL/MAY 2018.
Second Semester
Economics
Paper II MACRO ECONOMIC ANALYSIS II
2 10322 A
Time 3 Hours Max. Marks 70
SECTION — A
Answer any FIVE questions. 6 30 Marks)
Each question carries 6 marks.
1. Fisher's equation.
2. Determinants of money supply.
3. Types of Business Cycles.
4. Expansionery Monetary Policy.
5. Different types of inflation.
6. The concept of Inflationary Gap.
7. Difference between closed and open economies.
8. Equilibrium in the monetary sector.
SECTION — B
Answer ALL the following. 10 40 Marks)
Each question carries 10 marks.
9. Briefly write about the neo-classical approach towards Marginal Productivity
theory.
Or
Critically examine the Full Cost pricing rules and Labini's Model.
10. Examine the Pigovian welfare economics and Pareto optimal conditions.
Or
Outline the issues relating to Uncertainty and non-existent and incomplete
markets.

11. Critically examine the stability and uniqueness of equilibrium and general
equilibrium.
Or
Analyze the basic features of Stopler Samuelson theorem and it's practical
importance.
12. Explain the expected utility and certainly equivalence approaches.
Or
Write about the risk and risk aversion approaches and the importance of
sensitivity analysis.
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