Exam Details
| Subject | Economics of Growth and Development | |
| Paper | ||
| Exam / Course | Master of Arts in Economics | |
| Department | School of Social Sciences (SOSS) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | December, 2016 | |
| City, State | new delhi, |
Question Paper
No. of Printed Pages: 4 1MEC-0041
MASTER OF ARTS (ECONOMICS)
Term-End Examination
o
December, 2016
o MEC-004: ECONOMICS OF GROWTH AND DEVELOPMENT
Time: 3 hours Maximum Marks 100 Note: Answer questions from each section as directed.
SECTION
Answer any two questions from this section. 2x20=40
1. Derive the condition required for steady growth in the Domar Model. Clearly explain the meaning of the symbols used in the derivation and the assumptions used at each stage of the derivation.
2. Explain why in the Solow Model the capital- labour ratio always converges to its steady state (equilibrium) value.
3. Explain the relations between the Lorenz Curve and the Gini Coefficient.
Suppose in an economy the distribution of consumption expenditure is such that one-third of the population do not consume any thing and two-thirds of the population spend the same (positive) amount on consumption. Draw the Lorenz Curve for the distribution of consumption expenditure. Explain the diagram.
4. Explain why imperfect competition in product markets may be a necessary condition for Endogenous Technological Change driven by the production of ideas.
SECTION
Answer any five questions from this section. 5x12=60
5. Explain what is meant by the Golden Rule of Accumulation.
6. Explain using an aggregate production function what is meant by factor -augmenting technical progress. When is technical progress purely labour augmenting
7. Explain the concept of The Effective Rate of Protection.
8. Suppose in an economy the poverty line is 12, the number of people with consumption expenditure below the poverty line is 2,000. The average consumption expenditure of those below the poverty line is 9 and the total population is 5,000. Calculate the poverty gap index for the economy.
9. Critically discuss W. Arthur Lewis' model of growth with unlimited supplies of labour.
10. Why, according to David Ricardo, is there a natural tendency for the rate of profit to fall in the Economy
11. Discuss the merits and demerits of Planning By Direction.
12. Describe the nature of the Economy considered in Uzawa's two -sector growth model.
MASTER OF ARTS (ECONOMICS)
Term-End Examination
o
December, 2016
o MEC-004: ECONOMICS OF GROWTH AND DEVELOPMENT
Time: 3 hours Maximum Marks 100 Note: Answer questions from each section as directed.
SECTION
Answer any two questions from this section. 2x20=40
1. Derive the condition required for steady growth in the Domar Model. Clearly explain the meaning of the symbols used in the derivation and the assumptions used at each stage of the derivation.
2. Explain why in the Solow Model the capital- labour ratio always converges to its steady state (equilibrium) value.
3. Explain the relations between the Lorenz Curve and the Gini Coefficient.
Suppose in an economy the distribution of consumption expenditure is such that one-third of the population do not consume any thing and two-thirds of the population spend the same (positive) amount on consumption. Draw the Lorenz Curve for the distribution of consumption expenditure. Explain the diagram.
4. Explain why imperfect competition in product markets may be a necessary condition for Endogenous Technological Change driven by the production of ideas.
SECTION
Answer any five questions from this section. 5x12=60
5. Explain what is meant by the Golden Rule of Accumulation.
6. Explain using an aggregate production function what is meant by factor -augmenting technical progress. When is technical progress purely labour augmenting
7. Explain the concept of The Effective Rate of Protection.
8. Suppose in an economy the poverty line is 12, the number of people with consumption expenditure below the poverty line is 2,000. The average consumption expenditure of those below the poverty line is 9 and the total population is 5,000. Calculate the poverty gap index for the economy.
9. Critically discuss W. Arthur Lewis' model of growth with unlimited supplies of labour.
10. Why, according to David Ricardo, is there a natural tendency for the rate of profit to fall in the Economy
11. Discuss the merits and demerits of Planning By Direction.
12. Describe the nature of the Economy considered in Uzawa's two -sector growth model.
Other Question Papers
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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