Sargodha 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 Sargodha.
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.
- Balanced Budget Multiplier.
- Stagflation.
- Net National Product.
- Potential Output
- Lucas Critique
- Quantity Theory of Money (QTM)
- Supply-side Economics
- Budget Deficit.
- Unemployment Rate
- 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
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