(Pages 1094
P.T.O
MAR IVANIOS COLLEGE (AUTONOMOUS)
THIRUVANANTHAPURAM
Reg. No. :.………………… Name :.…………………
Second Semester B.A. Degree Examination, June 2017
First Degree Programme under CBCSS
Core Course: Economics II
AUEC241: Methodology of Economics
Time: 3 Hours Max. Marks: 80
SECTION A
Answer ALL the following terms each in one or two sentences. 1. Scarcity definition of Economics. 2. Economic anthropology. 3. Elasticity of demand. 4. Consumer's Surplus. 5. Primary data. 6. Quasi rent. 7. Variable. 8. Capitalistic sabotage. 9. Marginal product.
10. External economies.
(10 x 1 10 Marks)
SECTION B
Write short notes on any EIGHT of the following, not exceeding a paragraph. 11. Micro and Macro Economics. 12. Mercantilism. 13. Distinguish between stock and flow variables.
1094
2
14. Examine the difference between positive and Normative Economics. 15. Explain the concept of epistemology. 16. Give a brief note on hypothesis. 17. Examine the link between Economics and History. 18. What is meant by a research report 19. Explain laws of returns. 20. Distinguish between partial and general equilibrium analysis.
21. What is Market Glut
x 2 16 Marks)
SECTION C
Short essay type Answer any SIX questions, each not to exceed one and a half page. 22. Examine the characteristics of economic laws. 23. Explain Graphical model. 24. Distinguish between time series and cross section data. 25. Give a brief note on institutional school. 26. Explain Fisher's Equation of Exchange. 27. Examine the steps in the construction of an economic theory 28. What are the uses of graphs and diagrams in Economics 29. Explain the concept of division of labour. 30. 'Supply create its own demand'. Explain.
31. Explain the concept of falsification..
x 4 24 Marks)
SECTION D
Long essay type Answer any TWO questions, each not exceeding three pages. 32. Explain the contributions of David Rocardo to Economics. 33. Examine the comparative merits and demerits of deductive and inductive method. 34. Explain the major contributions of Neo classical School.
35. Discuss the main ideas of Historical School.
x 15 30 Marks)