GNA-IMT

BBA, Macro Economics 1. Difference Between partial and general equilibrium. 2. Define Aggregate demand price and function. 3. Laissez-Faire Policy. 4. show that APC+APS=1 5. Define effective demand. 6. Wind fall gains. 7. Difference between real and money circular flow. 8. Define real investment and Financial Investment. 9. GDP and GNP. 10. Assumptions of Keynesian theory of employment. 11. Difference between private and public investment. 12. Difference between induced and autonomous investment 13. Says law of market. 14. Propensity to consume. 15. Give the relationship between MPCandMPS. 16. What is multiplier? 17. Relative income hypothesis. 18. Difference between voluntary involuntary unemployment. 19. Psychological law of consumption. 20. What is Consumption function? 21. Net factor income from abroad. 22. Corporate income and personal income. 23. Effective Demand. 24. Absolute income hypothesis. 25. Show that APC+APS=1 and MPC+MPS=1. 26. What are the objectives of Monetary Policy and Fiscal Policy? 27. How money is controlled through open market operation? 28. What is Pump Priming? How does it stimulate Private investment?

Section B
1. Define the following: -

(a)Define circular flow. (b)explain circular flow of income in five sector economy. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. What do you mean by inflation? Also explain different theories of inflation. Explain the causes and effects of Inflation Examine the role of monetary policy to control inflation and deflation. Analyses the role of Fiscal policy to control inflation and deflation. Explain the Keynesian theory of Income and employment. Explain Neo classical theory of Rate of interest. How is it different from classical theory of ROI? Explain the liquidity preference theory of ROI. Explain the determinants of induced investment and factors influencing investment. What is meant by MEC? What are factors that determine it? Explain absolute income hypothesis. Show Keynes Psychological law of consumption along with assumptions, Schedule and diagrams. Give implications also. Explain the concept of Multiplier? Explain the Working of Multiplier ? Explain the relation between multiplier and MPC?And also explain the leakages of multiplier. Explain the Classical Theory of Employment? Explain Says Law of Markets? What is effective demand?How does it determine the level of employment? What is National Income? Explain different methods that measure NY Discuss the main instruments of Monetary policy. Explain Fishers Quantity theory of money.