IEcoS General Economics Paper 2 Papers 2003

IEcoS General Economics Paper 2 2003

Section-I

Candidates should attempt any FIVE parts of the following questions (Answer to each part should approximately be of 50 words)

  1. Answer the following questions

    1. Explain the term components of Human Development Index (HDI).

    2. Define the Marxian concept of organic composition of capital.

    3. What are the dynamic benefits from international trade?

    4. What are multiple exchange rates?

    5. Distinguish between SAPTA and SAFTA.

    6. Define High-powered Money.

    7. What is stratified random sampling? 7 × 5 = 35

Section-II

Candidates should attempt any FIVE parts of the following questions (Answer to each part should approximately be of 150 words)

  1. Answer the following questions

    1. What do you understand by Re-inventing the State in the context of globalization?

    2. Distinguish development via excess capacity from development through scarcity.

    3. Discuss the application of opportunity cost to the theory of international trade.

    4. How is balance of payments disequilibrium corrected through income changes?

    5. Explain the main concerns of Doha Round of Trade Negotiations for the Third World.

    6. Compare ‘V’ of the Fisherman version of the quantity theory of money with the ‘K’ of the Cambridge approach.

    7. Define Gini Coefficient. Explain its use in economic analysis. 15 × 5 = 75

Section-III

Answer any THREE of the following (Answer to each question should be approximately of 500 words)

  1. State the instability problem in Harrod-Domar model and explain how the Neo-classical growth models attempt to resolve it. 30

  2. Commodity trade is a better substitute for international factor mobility (Samuelson). Elucidate. 30

  3. Why are tariffs considered superior to quantitative restrictions 30

  4. State the objectives of the International Bank for Re-construction and Development. Comment briefly on its relevance to the Third World. 30

  5. Define Fisher's Ideal Index Number. Explain why it is called an ideal index. 30