Critically discuss the Ricardian theory of Comparative Advantage. How is it different from Adam Smith’s theory of Absolute Advantage?
See Answer →Delineate the two applications of Engel curve.
See Answer →Contrast the nature of ‘fiscal federalism’ as it exists in India with those in some other countries
See Answer →Explain briefly how the size of public expenditure is determined under the Niskanen’s ‘budget maximisation approach’.
See Answer →Outline the issues involved in allocating resources for production in public sector
See Answer →Distinguish between ‘merit goods’ and ‘demerit goods’. Explain briefly why consumption of merit goods are encouraged and those of demerit goods are discouraged.
See Answer →Discuss the ‘spillover effects’ of ‘international policy coordination’ in the context of fiscal and monetary policies.
See Answer →Show that the welfare foundations of economic policies in a competitive market is guided by Pareto Criterion.
See Answer →“Rapid industrialization and diversification of the industrial structure have been the twin objective of industrial policy in India”- Elaborate.
See Answer →What do you mean by fiscal imbalance? What steps have been taken by the Government of India to correct the fiscal imbalances?
See Answer →What is capital market? Trace the development reforms of the capital market in India and evaluate the impact of these reforms in the growth of equity and the foreign exchange market.
See Answer →What do you mean by inequality of income? How are the inequalities of income measured in an economy? Examine the policy implications of wide spread poverty and inequality in the Indian economy.
See Answer →Explain the major crises Indian agriculture is facing. Which reforms would you like to suggest to solve these crises.
See Answer →State the various dimensions of deterioration in the quality of employment in India. Also examine the policy implications of declining rate of women’s participation in the workforce
See Answer →“Indian economic environment has undergone dramatic changes with a shift in development strategy”- In the light of this statement evaluate the series of economic reforms introduced since 1991.
See Answer →Explain the meaning of cost-benefit analysis. Describe briefly the usual steps taken in a typical costbenefit exercise.
See Answer →Discuss the Harris-Todaro model of migration. What has been the impact of this model? What is its relevance for developing nations?
See Answer →Compare and contrast Adam Smith’s theory of development with that of Ricardo’s
See Answer →What are the main propositions of the Real Business Cycle model? Describe the basic structure of a prototype Real Business Cycle model
See Answer →Describe the Mankiw-Romer-Weil extension to the neoclassical model to include human capital. Explain why diminishing returns to capital do not take place in the AK model.
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