PG – 535

*PG535*

I Semester M.A. Degree Examination, January 2015 (CBCS) (Semester Scheme) ECONOMICS Paper – 1.2 : Advanced Macro Economics Time : 3 Hours

Max. Marks : 70

Instructions : Answer all the Sections. Answer completely either in English or Kannada. SECTION – A Answer any two of the following. Each question carries five marks.

(5×2=10)

1. Explain various methods of calculating national income. 2. Explain the causes and consequences of Business cycle. 3. Explain the major implications of Modigliani’s consumption function. 4. Explain wage flexibility model. SECTION – B Answer any three of the following. Each question carries ten marks.

(10×3=30)

5. Critically examine the classical theory of income and employment. 6. Critically explain Keynesian theory of effective demand. 7. Explain the factors influencing marginal efficiency of capital. 8. Discuss Kaldor’s Theory of Business cycle. 9. Critically examine the Mundell Fleming Model. SECTION – C Answer any two questions. Each question carries fifteen marks.

(15×2=30)

10. Critically examine various types of Social accounting and explain its significance. 11. Critically explain the classical theory of full employment equilibrium and discuss its major criticisms. 12. Elucidate J.M. Keynes’ Psychological Law of Consumption Function. 13. Explain the Balance of payments and exchange rate regimes in the open economy. P.T.O.

PG – 535

-2-

*PG535*

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1.

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2.

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6.

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7.

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9.

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(10×3=30)

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