IEcoS General Economics Paper 2 Papers 2003
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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)
- Answer the following questions
- Explain the term components of Human Development Index (HDI) .
- Define the Marxian concept of organic composition of capital.
- What are the dynamic benefits from international trade?
- What are multiple exchange rates?
- Distinguish between SAPTA and SAFTA.
- Define High-powered Money.
- What is stratified random sampling? 7 ร 5 = 35
Section-II
Candidates should attempt any FIVE parts of the following questions (Answer to each part should approximately be of 150 words)
- Answer the following questions
- What do you understand by Re-inventing the State in the context of globalization?
- Distinguish development via excess capacity from development through scarcity.
- Discuss the application of opportunity cost to the theory of international trade.
- How is balance of payments disequilibrium corrected through income changes?
- Explain the main concerns of Doha Round of Trade Negotiations for the Third World.
- Compare โVโ of the Fisherman version of the quantity theory of money with the โKโ of the Cambridge approach.
- Define Gini Coefficient. Explain its use in economic analysis. 15 ร 5 = 75
Section-III
Answer any THREE of the following (Answer to each question should be approximately of 500 words)
- State the instability problem in Harrod-Domar model and explain how the Neo-classical growth models attempt to resolve it. 30
- Commodity trade is a better substitute for international factor mobility (Samuelson) . Elucidate. 30
- Why are tariffs considered superior to quantitative restrictions 30
- State the objectives of the International Bank for Re-construction and Development. Comment briefly on its relevance to the Third World. 30
- Define Fisherีs Ideal Index Number. Explain why it is called an ideal index. 30