M.Phil. DEGREE EXAMINATION, NOVEMBER 2017
First Semester
Economics
READINGS IN ECONOMIC THEORIES
(CBCS 2017 onwards)
Time 3 Hours Maximum 75 Marks
Answer ALL questions either or
x 15 75)
1. Graphically illustrate the law of diminishing
marginal utility. Is it applicable to Agriculture
Discuss.
Or
Discuss the price, output and profit determination
under the perfect competition and its major
characteristics.
2. Discuss the Keynesian theory of demand for money.
Or
Discuss the relationship between inflation and
unemployment with the help of Philips curve.
3. Discuss the Harrod-Domar model of economic
growth.
Or
Discuss the Cost-Benefit Analysis and the different
situation where this analysis is helpful with
suitable example from the real world.
Sub. Code
7PEC1C2
AFS-0191
2
Ws9
4. Evaluate the Bower and Lindal models of taxation.
Or
Discuss the recent monetary reforms in India
including Demonetizations.
5. 'International trade as an Engine of Economic
Growth'-Discuss.
Or
Briefly discuss the balance of payment theory.
————————