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P.T.O
MAR IVANIOS COLLEGE (AUTONOMOUS)
THIRUVANANTHAPURAM
Reg. No. :.………………… Name :.…………………
Fourth Semester B.A. Degree Examination, June 2016
First Degree Programme under CBCSS
Core Course: Economics V
AUEC442: Macro Economics I
Time: 3 Hours Max. Marks: 80
SECTION A
Answer ALL the following terms each in one or two sentences.
1. Neutrality of money.
2. Effective demand
3. Double Counting
4. Disposable income
5. NNP
6. Consumer price index
7. Exogenous variables
8. Autonomous Consumption
9. Speculative demand for money.
10. Structural unemployment
(10 × 1 10 Marks)
SECTION B
Write short notes on any EIGHT of the following, not exceeding a paragraph.
11. Differentiate between potential and real GDP.
12. Monetarism.
13. Psychological law of consumption.
14. GDP deflator.
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15. Stock and flow variables.
16. Comparative static equilibrium analysis.
17. Different type of accounts in national accounting.
18. Say's law of market.
19. Classical dichotomy.
20. List out the difference between micro and macro economics.
21. Differentiate between real and nominal value of variable.
22. Importance of national income analysis.
× 2 16 Marks)
SECTION C
Short essay type Answer any SIX questions, each not to exceed one and a half page.
23. Explain the significance of macroeconomics.
24. Discuss the problems encountered in the measurement of NI.
25. Wage price flexibility.
26. Point out the differences between classical and Keynesian schools of thought.
27. Examine the Keynesian Cross.
28. Keynesian objection to classical theory.
29. List out the different methods of calculating national income.
30. Distinguish between stock and flow variables.
31. Elucidate the different schools of thought that were in vague in economics.
× 4 24 Marks)
SECTION D
Long essay type Answer any TWO questions, each not exceeding three pages.
32. Discuss briefly the Keynesian theory of income and employment determination.
33. Evaluate the classical theory of income and employment.
34. Describe the concept of national income accounting, different terms involved, importance and difficulties.
35. Explain the circular flow of economic activity in a three sector model.
× 15 30 Marks)