MG University M.A Economics question paper

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MG University M.A Economics question paper

Public Economics-

1. What is administered price? What are its merits
and demerits?

2. Make a critical appraisal of Wiseman-Peacock
Hypothesis on public expenditure.

3. What is federal Finance? Describe its principles.

4. "Pane to optimality is unattainable even under
perfect competition" – Comment.

5. Explain the role of fiscal policy in Economic
development.

6. What is burden of public debt? How is it
measured?

7. What is tax structure? Examine its trends in
India.

8. Enumerate the various causes for market failure.

PART B — (3 ´ 20 = 60 marks)
Answer any THREE questions.
All questions carry equal marks.
Each answer should not exceed 1,200 words.
9. Explain the role of government in a Mixed
Economy.

10. Examine the various issues in centre-state
financial relations in India.

11. Enumerate the different sources of local finance in
India.

12. Describe Adam Smith's canons of taxation.

13. What is shadow price? How is it estimated?
Explain its uses.

Contact details

Mahatma Gandhi University
Priyadarsini Hills, Kottayam, Kerala 686560 ‎
0481 273 1050

Map location

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Answer any Five Questions. Each question carries a weight of one.
1. Define Transpose of a Matrix and its properties.
2. Define Inverse of a Matrix and its properties.
3. Differentiate between a matrix and a determinant.
4. Give the first and second order conditions for Maxima and Minima of functions of two independent variable
5. Give two applications of integration in Economics.
6. Give the Euler‘s theorem for Homogeneous functions.
7. Define consumer surplus and Producer surplus
8. What are the components of a linear programming problem?
Part 2 – Short Essay/Problems
Answer any five questions. Each question carries a weight of two.
9. Solve the following equation by Cramer‘s Method
x – 2y + 3z = 1, 3x – y +4z = 3, 4x + y -2z = -1
10. Show by a suitable example that if A and B are any two matrices, AB and BA need not be equal
11. Explain how the nature of goods is identified using partial differentiation.
12. Verify Euler‘s Theorem for the function Z = 2x2 + 3y2 + 5xy
13. Explain the concept of duality and shadow prices
14. Evaluate the following:-
(a) ∫ (2x + 3) (x2 – 5) dx
(b) ∫ (8x + 3)/ (4x2)

ECONOMICS OF HEALTH AND EDUCATION
TIME:3Hrs TOTAL WEIGHT :30
Short answer questions (weight 1)
Answer any 5
1. Malnutrition
2. Poverty
3. Health insurance
4. HDI
5. PQLI
6. Human Capital
7. Social cost of education
8. Private benefits of education

Short essays (weight 2)
Answer any 5
9. How do you measure human capital formation?
10. Assess the return on education
11. Explain the private cost of education?
12. How will you price the health care system?
13. Explain the determinants of health
14. Role of NGOs in health care
15. Explain the contribution of education to economic growth
16. Implications of GATS on Indian education and financing.

Long essays (weight 5)
Answer any 3
17. Evaluate the demand and supply of health care
18. Explain the reasons for govt. intervention in health care
19. Critically evaluate the issues and challenges of health care expenditure in India and Kerala.
20. Discuss the scope of economics of education
21. What are the private and social costs and benefits of education?
22. Discuss the major quantitative and qualitative problems of education in Kerala

COMPUTER APPLICATION IN ECONOMICS
TIME: 3Hrs TOTAL WEIGHT :30
Part A
Short Answer Questions
Answer any Five Questions. Each question carries a weight of one.
.
1. Convert the decimal number 106 to its binary equivalent.
2. What are the popular text editor programmes?
3. Explain the methods for finding standard deviation using MS Excel.
4. How to find arithmetic mean using MS Excel?

5. What do you do with a spread sheet programme?
6. What do you mean by storage capacity of disks?
7. What command is used to open directories beginning with S in MS DOS?
8. How would you estimate the trend equation using the graphical wizard in MS Excel?

(Weight1×5=5)
Part B
Short Essay/Problems
Answer any Five questions. Each question carries a weight of two.
9. Write a note on the SPSS software .
10. Examine the relation ship among data, information and knowledge.
11. Explain different types of output devices.
12. Distinguish between Compilers and Interpreters.
13. What are the basic features of a word processor?
14. How is data stored in a computer?
15. Explain the parts of Excel window.
16. Explain different types of memory devices.

(Weight 2×5=10)
Part C
Essay/Problems
Answer any Three questions. Each question carries a weight of Five.
.
17. Explain different types of computers.
18. What are the various input output devices? Explain
19. .What are the functions of operating system?
20. Explain the procedure for running a regression using MS Excel.
21. What is growth rate? Explain the method of estimation of growth rate using Excel.
22. Explain in detail the various services provided by a Data Base Management Systems.

(Weight 3× 5=15 )
FUNDAMENTALS OF ENVIRONMENTAL ECONOMICS
TIME:3Hrs TOTAL WEIGHT :30
Short answer questions: (Weight 1)
Answer any 5
1. Eco- System
2. Environmental Economics
3. Pareto Optimality
4. Irreversibility of environmental damage
5. Features of public goods.
6. Shadow Pricing
7. Contingent Valuation
8. Taxable permits

Short essays: (Weight 2)
Answer any 5
9. Describe the inter-relationship between ecology and economy
10. Explain the significance of Pareto optimality in the allocation of environmental Resources.

11. Explain the travel cost method of valuing recreational sites.
12. What are the implications of the law of thermodynamics?
13. Olson‘s theory of collective action.
14. Gross National Product as a measure of welfare has now evolved into Green national Product. Comment.
15. How far eco –labeling can be considered as measure of resource conservation.
16. Assess the effectiveness of taxable permits and tradable permits with suitable examples.

Long essays (weight 5)
Answer any 3
17. Environment is external to traditional economics. Comment.
18. Discuss the importance and features of SEEA.
19. Critically evaluate the revealed preference approach in valuing environment.
20. Examine the economic instruments to be used for internalizing externalities.
21. What are the environmental norms observed in the process of production from raw-materials to finished products?
22. Explain the role of the state in the protection of environment.

RESOURCE ECONOMICS AND SUSTAINABLE DEVELOPMENT
TIME:3Hrs TOTAL WEIGHT :30
Short answer questions (weight 1)
Answer any 5
1. Taxonomy of natural resources
2. Common Pool Resources
3. ‗Our common Future‘
4. Green GNP
5. Objectives of SEEA
6. Eco-economy
7. ENRA.
8. Koyoto protocol

Short essays (weight 2)
Answer any 5
9. Examine the criteria for optimum use of exhaustible resources.
10. What are the different types of capital?
11. Distinguish between weak and strong sustainability rules
12. What are the indicators of sustainable development?
13. Discuss the role of new investments in a green economy.
14. Distinguish between economic and non-economic welfare
15. Daley‘s Operational principles
16. How can we apply Hotelling rule n the use of resources?

Long essays (weight 5)
Answer any 3
17. Discuss the impact of population growth on natural resources and environment.
18. Sustainable development is to protect environment alone. Do you agree?
19. Explain the accounting procedure under SEEA.
20. Examine the relevance of Economic and physical accounts in ENRA.
21. Technological development is both a threat and a panacea for maintaining sustainable development. Discuss.
22. Non- conventional energy consumption is inevitable for a green economy. Comment.

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