Question Paper Internal Exam 2011 BBA IIIrd Year

Maharaja Agrasen College/ Department of Business Economics / Paper XVIII Economic Policy & Comparative Development / B.A. (Hons) Vth Semester Internal Exam.

Time: 2:00 hours Maximum Marks: 25

Attempt any five questions. All questions carry equal marks.

1. Write short notes on any two: 2½ *2

a) Vicious circle of poverty
b) Common characteristics of developing countries
c) Endogenous and Exogenous variable in development model
d) Brain Drain

1. Briefly discuss the major structural characteristics of Developing Countries. How does demographic structure of developing countries differ from developed nations? 4 + 1
2. 3. Irrespective of initial capital stock there is tendency to converge at steady state in the Solow Growthmodel.Explain. 5
3. Lewis model of unlimited supply of labour offer a way forward for the development of traditional sector in developing countries. Explain. 5
4. Critically evaluate the different approach to measure development across countries. Outline the merits and demerits of HDI approach to measure development world –wide? 5
5. Explain the process of capital accumulation in Solow model. How does change in investment affects steady state in Solow model? 3+2
6. What is the ultimate objective of development? Explain the idea put-forward by Amartya Sencapability approach to development. 1+4
7. Harrod – Domar model is a breakthrough in development theory from Keynesian static model to dynamic model of development. Explain. 5