MEC-004

No. of Printed Pages : 4

MASTER OF ARTS (ECONOMICS) Term-End Examination December, 2012 MEC-004 : ECONOMICS OF GROWTH AND DEVELOPMENT Maximum Marks : 100

Time : 3 hours

Note : Attempt questions from each section as directed. SECTION-A (Long Answer Questions) Answer any two questions from this section. 2x20=40 1.

Critically examine Joan Robinson's model of economic growth and capital accumulation.

2.

Elaborate upon the contribution of Pasinetti to the theory of growth and distribution.

3.

Describe briefly the basic structure of optimization in the Ramsey Growth Model.

4.

Development is not the same thing as economic growth. Explain. Also bring out the structural changes associated with economic development.

MEC-004

1

P.T.O.

SECTION - B (Medium-Length Answer Questions) Answer any five questions from this section.

5x12=60

5.

What do you mean by government failure ? Discuss in brief the reasons for government failure.

6.

What are the risk-coping strategies of the rural poor ? Briefly discuss how informal institutions and risk-sharing works.

7.

Critically analyse Lewis' two sector theory of development process in a labour-surplus economy.

8.

Discuss the concept of 'organic composition of capital', 'surplus value' and 'declining rate of profit' in Marx's theory of development.

9.

Briefly discuss Prebish-Singer and Myrdal Thesis of terms of trade.

10.

Distinguish between indicative and imperative planning. Describe their merits and demerits.

11.

Explain the concept of choice of techniques. Briefly discuss A.K. Sen's approach to choice of techniques.

MEC-004

2

74T.1.. —004

71:t.7. ( aTztgr1 ) flAirl tiff4TT

f-47:11z17, 2012 714.4-.-004 :TIV-4 0 ra m ITT aittgr ?Tr/7 :3

VT:

37fqw—d-Tr 37w : 100

Fr4

ei:Wij‘LiK

5/—/T ZY - 4 TR4 ch 601

ch */

tglis-• ( it.i 39T1EF Mk-t )

*k-1 tgus -4 f-Wt -qt -51-7t chi Sri .1-) 1 1.

2x20=40

3-1-01-w fq-WF1 (1.-ct4- 4-qi-i t ,111 ti f.1,+11 t 7-0 317d-1-T1714T ,i.a um- 1-) I ka fa-a-TaT t f=r‘fci tr-{ LIM*d t trr--q9-

2.

T

fa-4-4i a-1 1 3.

TRATN-r-z -9-K-qi -4

•

.

1

ch1 v9.0 w-cila

4 ciKsii c4 I 4.

fa-Witi ci 31-44Furr lir t A1 31rr2k -{itlfz % 1 .qft...qi or) I Tim t , 31-rf2k-fq--*-FrA- ti 4-a.5 4(-c1110-Ich 4'o4-11. .-.1z--4(g

MEC-004

c

1 3

P.T.O.

( 1:1917 39717 Y-1)

5.

5x12=60

-51Vt

7171t.

' ,Dh I 3-1TFchMT (failure) -A 3-117 ci-q I

3wch-o—d-r trT0-14 1,1 6.

-IxrTitur TRtq4

7.

trzf tTt

1-1=r art 3421- 7-21-r

--r-qTr

fq-tm -5rrtzrr

ft idchi31-r—o4q-9-FiTtFcRcaui

Trr-*4 f-qtm tzt `-ctt t o 4w.ch, ' `c=f '7194 1,1 flitch szft

9.

-g? -4 -cr

3T-417-4ftt*-2Tr4 T --RNI4--=1-{,-{-4f-*— r

tf 8.

14 fqtqff

7'rti-Tr fa-#9. -7r91r

fqkqff aai~

?

' cn1arqq-Forr tr

. 4ir4R *1- 70 t -,)-N7r—fttn-T3TriwrTurr314 tr 4N1-7 ,31-1 t Tro5r 94-q ch •

clIc4-1011

10.

-9-t

3T-474 chr qui-ff ,4)• 11. " a ab41ch chi qR=f9.

.

oh

MEC-004

" ah1 3-Tqcm-t-urr T 4Nit?T

7. t.

I

4

lIIr

r fay