Macro Economics Theory, MA Economics Sargodha University Past Papers 2016

Sergoda University MA Economics Paper-II  Macro Economics Theory Past Papers 2016

Here you can download Past Papers of Paper-II Macro Economics Theory, MA Economics Part One, 1st & 2nd Annual Examination, 2016 University of Sergoda.

Macro Economics Theory UOS Past Papers 2016

M.A. Economics Part – I

Paper-II(Macro Economics)   1st Annual Exam.2016

Time: 3 Hours                                          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. Differentiate between actual and potential output.
  2. Define inflation targeting.
  3. What is Okum’s Law?
  4. Explain the concept of the high powered money.
  5. Differentiate between adaptive & rational expectations.
  6. Explain Govt. purchases multiplier.
  7. Define Arbitrage.
  8. What is classical dichotomy?
  9. Explain credit crunch.
  10. What is the golden rule of consumption per worker as discussed by Solow?

Subjective Part

Q.2:     How GDP can be measured? Is it a better apparatus to assess economic welfare?

Q.3:     Explain that how in the presence of demand and supply forces the economy experiences the full employment in classical model.

Q.4:     (a) How rate of interest is determined according to Keynes?

(b)        Discuss the effects of changing supply of money and demand for money on rate of interest.

Q.5:     Discuss the effectiveness of monetary policy when IS has different slopes.

Q.6:     (a) Derive short-run Phillips curve. Why does it slope downward?

b) What is similarity between SRPC & Keynesian AS curve?

Q.7:     Write note on the following:

a.         Sticky wage model                 (b) Model of debt crises