Macro Economics Theory, MA Economics Sargodha University Past Papers 2015

Sergoda University MA Economics Paper-II  Macro Economics Theory Past Papers 2015

Here you can download Past Papers of Paper-II Macro Economics Theory, MA Economics Part One, 1st & 2nd Annual Examination, 2015 University of Sergoda.

Macro Economics Theory UOS Past Papers 2015

M.A. Economics Part – I

Paper-II(Macro Economics)   1st Annual Exam.2015

Time: 3 Hourse                                        Marks:100

Note: Objective part is compulsory. Attempt any four questions from subjective Part.

Objective Part

Q.1: Write short answers of the following in two lines on your answer book.

  1. Balanced Budget Multiplier.
  2. Stagflation.
  3. Net National Product.
  4. Potential Output
  5. Lucas Critique
  6. Quantity Theory of Money (QTM)
  7. Supply-side Economics
  8. Budget Deficit.
  9. Unemployment Rate
  10. Okun’s Law

Subjective Part

Q.2:     Compare the classical and Keynesian labor market views and explain its impact upon aggregate supply.

Q.3:     Explain the Mundell Fleming Model (MFM) using the impacts of fiscal and monetary policies in an environment of perfect capital mobility under both fixed and flexible change rate regime.

Q.4:     Using the simple Keynesian Model, explain how equilibrium level of output and multiplier values are determined in closed and open economics with the help of diagrams and mathematical derivation.

Q.5:     Explain the life-cycle and relative income hypotheses.

Q.6:     Explain the real business cycle model and what role they suggest for fiscal and monetary policies.

Q.7:     Write note on the following:

a. Recardian Equivalence b. The Sticky Price Model