ECONOMICS – Daily Answer Writing Challenge, 14 July 2014

ECONOMICS – Daily Answer Writing Challenge, 14 July 2014 1) Explain Chamberlain’s concept of excess capacity.What according to him is responsible for emergence of excess capacity under monopolistic competition? ( 200 words)  2) Suppose the goods, financial, current account and foreign exchange markets are initially in equilibrium . The economy has low or imperfect capital …

ECONOMICS – Daily Answer Writing Challenge, 12 July 2014

ECONOMICS – Daily Answer Writing Challenge, 12 July 2014 1) ” He skates on thin ice who identifies profit with monopoly and monopoly with profit” Explain? (200 words)  2) Under Bertrand price competition with homogenous products in an oligopoly demonstrate how is the equilibrium price that will prevail arrived at? (300 words) 3) Expand on …

ECONOMICS – Daily Answer Writing Challenge, 11 July 2014

ECONOMICS – Daily Answer Writing Challenge, 11 July 2014 1) Summarize the main arguments of the trade optimist and trade pessimist with regard to trade policy for developing countries. Which arguments does the data tend to support? (200 Words)  2) Kaldor in his theory of distribution argues unlike Kalecki that it is not reasonable to …

ECONOMICS – Daily Answer Writing Challenge, 10 July 2014

ECONOMICS – Daily Answer Writing Challenge, 10 July 2014 1) After 2003 till 2008 many emerging economies including India received huge capital inflows. To contain the effect of these flows the central bank sterilized the inflows. What is sterilization and how does it affect the supply of money in the economy? (300 words)  2) What …

ECONOMICS – Daily Answer Writing Challenge, 09 July 2014

ECONOMICS – Daily Answer Writing Challenge, 09 July 2014 1) If workers supply labour on the basis of an expected real wage, how is the aggregate supply of output determined in the economy? Suppose aggregate demand and supply are below the natural rate of employment and output. Would the new classical economist advocate any particular …

ECONOMICS – Daily Answer Writing Challenge, July 08, 2014

ECONOMICS – Daily Answer Writing Challenge, July 08, 2014 1) Under Bertrand price competition with homogenous products in an oligopoly demonstrate how is the equilibrium price that will prevail arrive at ? (300 words)  2) What relationship do you see between the problems many countries have experienced with money supply targeting and the move to …

ECONOMICS – Answer Writing Challenge, July 7, 2014

ECONOMICS – Answer Writing Challenge, July 7, 2014 1) Explain the determination of output and employment in a macroeconomy under the conditions when individual are subject to    i) no money illusion  ii) money illusion (200 words) 2) An individual finds that all his receipts (including income) and payment transactions are in the form of …

ECONOMICS – Daily Answer Writing Challenge, 04 July 2014

ECONOMICS – Daily Answer Writing Challenge, 04 July 2014 1) Accelerated growth of tertiary sector during the past two decades in Indian Economy has posed multiple challenges. Discuss (300 Words)  2) Explain what it means to say that we have perfect capital mobility. Why the Balance of Payment schedule is horizontal in the case of …

ECONOMICS – Daily Answer Writing Challenge, 03 July 2014

ECONOMICS – Daily Answer Writing Challenge, 03 July 2014 1) Indian planning structure and system still remains largely in favor of a centralized system of planning. The 73rd and 74th Constitutional Amendments have hardly brought about any change in reality in the nature of Indian planning process”. Critically evaluate this statement .(300 words)  2) Analyze …

ECONOMICS – Daily Answer Writing Challenge, July 1, 2014

ECONOMICS – Daily Answer Writing Challenge, July 1, 2014 1.Write on “dichotomy of development” and “urban bias” in Indian Economy. (150 words)  2.What is “crony capitalism”? How it compromises economic and social justice issues? Explain. (150 words) 3.Explain the concept of rational expectations. How does this view of how expectations are formed differ from the …

ECONOMICS – Daily Answer Writing Challenge, June 30, 2014

ECONOMICS – Daily Answer Writing Challenge, June 30, 2014   1.What are the key initiatives proposed in foreign trade policy. 2009-14 for market diversification and technological upgradation to give a boost to export? (150 words)   2.Compare Keynesian and Monetarist views on how the velocity of money is determined. How do their differing views on velocity …

ECONOMICS: Daily Answer Writing Challenge, June 28, 2014

ECONOMICS: Daily Answer Writing Challenge, June 28, 2014 1.”Partial Capital Account Convertibility cannot serve the purpose of integrating Indian Economy with global economy” analyse critically . (150 words) 2.” Money is more important in the Keynesian system than in the classical system”. Do you agree? Or would you maintain that the opposite is true? (150 …

ECONOMICS: Daily Answer Writing Challenge, June 27, 2014

ECONOMICS: Daily Answer Writing Challenge, June 27, 2014   1.Do you agree that focused and target oriented technological interventions under National Food Security Mission (NFSM) have made significant impact since its inception? Justify? (150 words) 2.Why are we so assured that when the money and product market are in equilibrium, the bond market will also …

ECONOMICS – Daily Answer Writing Challenge, June 25, 2014

ECONOMICS – Daily Answer Writing Challenge, June 25, 2014   Transformation of rural sector is key to economic development as it sustains two-thirds of Indian population. How physical connectivity, electronic connectivity and knowledge connectivity may be helpful in this transformation? Explain the linkages.(300 words) What variables will shift the position of LM schedule? Explain how …

ECONOMICS – Daily Answer Writing Challenge, June 24, 2014

ECONOMICS – Daily Answer Writing Challenge, June 24, 2014    How are the absolute and relative poverty measured? What modification in it has been suggested by Amartya Sen? What are the recent advances in the area of poverty measurement? Discuss. (300 words) Explain the Keynesian theory of interest rate determination. What differences do you see …

ECONOMY – Daily Answer Writing Challenge, June 21

ECONOMICS – Daily Answer Writing Challenge, June 21, 2014 An underdeveloped money and capital market has been a major cause of slow economic growth in India.” In the light of this statement, give relative importance of financial sector vis-a-vis real sector in Indian Economy? (300 words)  Explain how the origin of Keynesian revolution can be …

ECONOMICS – Daily Answer Writing Challenge, June 20

ECONOMICS – Daily Answer Writing Challenge, June 20, 2014 What are the components of Land Reform in India? Has it been completed? If not, then what are the obstacles? (150 words) What are the differences between Fisherian and Cambridge version of the quantity theory of money? (250 words)