MEC 004 ECONOMICS OF GROWTH
AND DEVELOPMENT
December 2019 Question
Paper
Time : 3
Hours Maximum Marks : 100
Note :
Answer questions from each Section as directed.
Section—A
Note :
Answer any two questions from this Section in about 500 words each
1. What is
meant by a plan model ? What are its various types ? Bring out the factors that
influence the choice of a plan model in an economy.
2. Bring out
the salient features of Solow model. Explain through a diagram how steady state
growth rate is achieved in an economy.
3. What are
the various stages of demographic transition ? Explain, how population policy
should take into account the demographic transition features.
4. Explain in brief the Mandan theory of
economic development.
Section—B
Note : Answer
any five questions from this Section in about 250 words each.
5. Explain,
how inequality in an economy can be measured through Lorentz curve and Gini
coefficient.
6. Explain
the theory of critical minimum effort. What are its limitations ?
7. Define
technical change. What are its types ?
8. How is
poverty defined ? Explain, how poverty can be measured.
9. Explain,
why market failure takes place.
10. Bring
out the features of inter-linked markets and their implications.
11. Write
short notes on the following :
(a)
Measurement of economic welfare
(b) Role of
social norms in economic development
12. What is
meant by effective rate of protection ? Should developing countries pursue a
protectionist policy ?
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