Exam Details
| Subject | International Trade and Finance | |
| 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 IMEC-0071
MASTER OF ARTS (ECONOMICS)
Term-End Examination
co N o December, 2016 MEC-007: INTERNATIONAL TRADE AND FINANCE
Time hours Maximu11l Marks 100
Note: Attempt questions from each section as per the instructions given.
SECTION
Answer any two questions from this section. 2x20=40
1. What theorem is derived from the assumption in the Heckscher-Ohlin model that the two countries share the same technology and that markets are perfectly competitive? Critically explain.
2. What are the reasons behind growing importance of services in trade? Explain the consequences of inclusion of services in multilateral trade negotiations.
3. Explain the concept of opportunity cost used by Ricardo. Indicate the causes as explained by Ricardo that result in the differences in opportunity cost and comparative advantage.
4. Critically evaluate the role of Regional Trade Agreements in global trade. Also, discuss its welfare effects both in case of
trade diversion
trade creation
SECTION
Answer any five questions from this section. 5x12=60
5. Analyse major changes in the composition and direction of India's foreign trade in post reform period.
6. How many stages are there in Posener Vernon theory of International trade? What are those stages?
7. List main causes of balance of payments crisis in India in 1991.
8. Differentiate between external assistance and external commercial borrowing.
9. Critically evaluate Stolper Samuelson's Theory of International trade.
10. Point out the important dimensions of global financial and monetary system.
11. Is ASEAN a successful trading block? Give reasons in support of your answer.
MASTER OF ARTS (ECONOMICS)
Term-End Examination
co N o December, 2016 MEC-007: INTERNATIONAL TRADE AND FINANCE
Time hours Maximu11l Marks 100
Note: Attempt questions from each section as per the instructions given.
SECTION
Answer any two questions from this section. 2x20=40
1. What theorem is derived from the assumption in the Heckscher-Ohlin model that the two countries share the same technology and that markets are perfectly competitive? Critically explain.
2. What are the reasons behind growing importance of services in trade? Explain the consequences of inclusion of services in multilateral trade negotiations.
3. Explain the concept of opportunity cost used by Ricardo. Indicate the causes as explained by Ricardo that result in the differences in opportunity cost and comparative advantage.
4. Critically evaluate the role of Regional Trade Agreements in global trade. Also, discuss its welfare effects both in case of
trade diversion
trade creation
SECTION
Answer any five questions from this section. 5x12=60
5. Analyse major changes in the composition and direction of India's foreign trade in post reform period.
6. How many stages are there in Posener Vernon theory of International trade? What are those stages?
7. List main causes of balance of payments crisis in India in 1991.
8. Differentiate between external assistance and external commercial borrowing.
9. Critically evaluate Stolper Samuelson's Theory of International trade.
10. Point out the important dimensions of global financial and monetary system.
11. Is ASEAN a successful trading block? Give reasons in support of your answer.
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
- School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
- School of Journalism and New Media Studies (SOJNMS)
- School of Law (SOL)
- School of Management Studies (SOMS)
- School of Performing Arts and Visual Arts (SOPVA)
- School of Performing Arts and Visual Arts(SOPVA)
- School of Sciences (SOS)
- School of Social Sciences (SOSS)
- School of Social Work (SOSW)
- School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
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