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University of Punjab PU Lahore M.A / M.SC. Economics Part 1 Past Paper of Macro Economics Annual Examination 2010

University of Punjab PU Lahore M.A / M.SC.  Economics  Part 1 Past Paper of Macro Economics Annual Examination 2010

1. Suppose an economy is described by the following set of equations:

a) Find the equilibrium level of National Income and consumption.

b) Find Budget Surplus and balance of trade.

c) Find the value of trade multiplier.

d) How much change in G is required to take income to 1200.

2. a) Derive mathematically or diagrammatically the aggregate demand curve from IS – LM framework in a closed economy.

b) Discuss the impact of fiscal and monetary expansion through aggregate demand on output and prices.

3. a) How the Permanent Income hypothesis of consumption resolves the seemingly contradictory prices of evidence regarding the consumption behavior?

b) Critically evaluate the relative income hypothesis of consumption.

4. a) How does the real business cycle theory explain the role of external shocks in Producing Cyclical fluctuations?

b) What is neutrality of money thesis?

5. a) What is Okun’s law?  Is it possible for the GDP gap to be positive as well as negative? Explain.

b) How is Okun’s law incorporated into the expectations – augmented Philip’s curve?

6. a) How do monetary and fiscal policy differ in a situation of liquidity trap?

b) What are the two lags in the effect of monetary policy?

7. Write short notes on any three of the following:

(a) Crowding out hypothesis.

(b) Stock and flow variables,

(c) Rules versus discretion,

(d) Natural Rate of unemployment.

University of Punjab PU Lahore M.A / M.SC. Economics Part 1 Past Paper of Micro Economics Annual Examination 2010

University of Punjab PU Lahore M.A / M.SC.  Economics  Part 1 Past Paper of Micro Economics Annual Examination 2010

1. a) Suppose the price of Inferior Commodity decreases, what will be the effect on Mr. Haroon’s equilibrium position. Explain with the help of diagram.

b) A consumer is in equilibrium at that point, where budge line is tangent to the highest possible indifference curve. Explain both diagrammatically and mathematically?

2. a) How does monopolistic Competition differ from Pure Competition in its basic characteristics?

b) Find out Consumer’s equilibrium position related to X and Y commodities when Utility Functions of both commodities and other information is given as below

UX = 40X – X2

UY – 20Y – 2Y2

PX = 4, PY = 2 and M = 24 (Budget)

3. a) Explain the concept of Marginal Rate of Technical Substitution, and how it is derived mathematically?

b) Explain Cournot Model of Duopoly with the help of reaction curves.

4. a) How long Period Average cost and Marginal cost curves are derived with the help of short Period cost curves?

b) Explain he concept of Bilateral Monopoly with the help of diagram.

5. Elucidate the salient features of Cobb-Douglas Production Function.

6. How we can derive Demand curve for labour by a monopolist Firm, when firm is employing a single variable factor both diagrammatically and mathematically?

7. Explain any two of the following:

(a) Expansion Path

(b) Nash Equilibrium

(c) Perfect Competition and Pareto optimality

Karachi University MBA-I , MBA -II MBA -III MBA -IV all Year Examination Past Papers

Karachi University  MBA-I  ,  MBA -II   MBA -III  MBA -IV all Year  Examination Past Papers

Papers 

MBA

MBA -I  MBA -II  

 MBA -III  MBA -IV

Karachi University MBA-I to IV Past Papers 2010

Karachi University  MBA-I to IV Past Papers 2010

Papers 

MBA

MBA-I to IV Dec 2010

Karachi University MBA-I to IV Past Papers 2011

Karachi University  MBA-I to IV Past Papers 2011

Papers 

MBA

 MBA-I to IV Dec 2011

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