Macroeconomics Important Questions, B.Com 2nd Sem CBCS Pattern

 Macroeconomics Important Questions
B.Com 2nd Sem CBCS Pattern

Unit 1: Introduction to macro economics

Q. What is Macroeconomics? Explain its importance and limitations.

Q. Distinguish between Micro and Macroeconomics.

Q. What are various variables of Macroeconomics? Explain them briefly.

Q. Discuss with diagram the circular flow of income and expenditure in two, three and four sector economy.

Q. Explain various determinants of demand and supply.

Q. Explain the basic equilibrium condition of a market.

Q. What is static, dynamic and comparative static analysis in macroeconomics? Explain them briefly. Also distinguish between them.

Q. Write short note on leakages and injections.

5. BUSINESS MATHEMATICS AND STATISTICS IMPORTANT QUESTIONS

Unit 2: Economy in the Short run

Q. What is IS-LM market framework? Discuss the equilibrium in the real and money market with the help of IS-LM framework. (Available Now)

Q. What is monetary policy? What are its objectives and role? Explain various instruments of monetary policy.

Q. What is fiscal policy? What are its objectives and role? Explain various instruments of fiscal policy.

Q. Distinguish between monetary policy and fiscal policy.

Q. What is aggregate demand? How it is derived? What are the causes of shift in aggregate demand curve?

Q. What is aggregate supply? Explain long run and short run aggregate supply curve. What are causes of shift in aggregate supply curve?

Q. Mention Determinants of Aggregate Demand and Aggregate Supply. (New Question Added)

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Unit 3: Inflation, Unemployment and Labour Market

Q. What is inflation? What are its various causes? What are the Anti - inflationary monetary measures that can be adopted by the Central bank?

Q. What is inflation and deflation? Which one you prefer? Justify your answer. Also mention some causes of deflations (New Question added)

Q. How inflation and interest rates are linked? Explain. (Available Now)

Q. Explain social cost of inflation.

Q. What is unemployment? Explain natural rate of unemployment, frictional and wait unemployment.

Q. What is Philips curve? Explain the trade-off between inflation and unemployment with the help of Philips curve.

Q. What is labour market? Explain its interaction with production system.

Q. What is adaptive and rational expectations? Explain their advantages (role) and limitations. (Note)

Unit 4: Open Economy

Q. What is open economy? Explain the process of flow of goods and capital in an open economy. (Available Now)

Q. Explain how exchange rate fluctuations affects investment in an open economy.

Q. Explain Mundell-Fleming model with fixed prices in small open economy in fixed exchange rate scenario.

Q. Explain Mundell-Fleming model with flexible prices in small open economy in floating exchange rate scenario.

Q. Write a brief note on rate of interest differential in case of a large economy. Also mention cause of differential in interest rate.

Also Read:

MacroEconomics Solved Paper 2021 (Held in 2022) @ Rs. 29/- (Free for paid members. Available in Our Mobile Application)

MacroEconomics Question Papers

MacroEconomics Syllabus

Unit 5: Behavioural Foundations – Investment and Money

Q. What is investment? What are its various types? Explain them briefly.

Q. What is business fixed investment? What are its determinants?

Q. What is residential and inventory investment? What are its determinants?

Q. What is Demand for Money? What are its various types? What are the factors affecting demand for money?

Q. Explain various theories of Demand for Money: (VVI)

- Fisher’s Transactions Approach to Demand for Money VVI

- Keynes’ Theory of Demand for Money VVI

- Tobin’s Portfolio Approach to Demand for Money VVI

- Baumol’s Inventory Approach to Transactions Demand for Money

- Friedman’s Theory of Demand for Money

Q. What are interest and income’s elasticity of demand for real balances. (Note)

Q. What is supply of money? How it is measured? Explain its components.

Q. Explain the impact of supply of money on Indian economy.(Note)

Note: Notes for above questions are available expect 1 Questions which will be completed soon.

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