M.AM.Sc.-III/Eco.

/ECN-301/23

M.A./MSc. 3rd Semester Examination, 2022 (CBCS)

Subject: Economics
Course : ECN-301
Full Marks: 40
Time: 2 Hours
The figures in the margin indicatefull marks.
Candidates are required to give their answers in their own words
as far as practicable.
Answer any four questions.

early 1960's?
, 1. What factors forced Indian planners to review the role of agricultural sector during 4+6
Explain the two major components of Green Revolution in this regard.
Vulnerable
. 2/Explain the concepts of LFPR, WPR and Unemployment Rate. What do you mean by 2+2+2+4
employment?
13What bave been the trends in Indian Labour markets since the SAP of 1990's? 10

4. Phase of high economic growth has been associated with rising inequality in India' Do you
agree with this statement? Answer critically. 10

5. (a) Define 'Global Hunger Index'. In the context of food insecurity,discuss the study conducted
by MSSRF and mention its major findings.
(b) Discuss any two food based welfare schemes of the centralgovernment. (2+4)+4

6. Elucidate the importance and role of Tertiary Sector in the development of an economy. In this
context discuss the long term implications of the marked shift of the Indian economy in the 90's on
its future prospects. 10

7. Stating the criteria suggested by Bimal Jalan in sensing BOP problem, discuss the position of
India's BOP since Independence dividing the period into different phases. 10

8. Write short notes on any two: 5x2

(a) What is the importance of Minimum Support Price (MSP) in Agriculture Price Policy (APP)?
Explain the factors that influence APP.
(b) Food Security and its dimensions
(c) The transition of Indian business in the New Millennium.

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 (5) MAMSc.-IIUEcoECN-30323

M.AJM.Sc. 3rd Semester Examination, 2022 (CBCS)

Subject :Economics
Course: ECN-303C (New)
(Industrial Organisation)
Time: 2 Hours Full Marks: 40

The figures in the margin indicate full marks.

Candidates are required to give their ansSwers in their own words
asfar as practicable.

Answer any four questions.

1. What is meant by market concentration? Explain the following concentration measures in brief:

(a) Concentration curve

(b) H. H. index
(c) Linda Index

(d) Rosenbluth index

(e) Hart measure 10

2. "Under a Cournot market structure a horizontal merger among firms leading to an increase in
concentration does not necessarily imply a welfare reduction" Prove the veracity of this
statement. 10

3. Derive Dorfwan-Steiner condition for optional advertising. Assuming a suitable model compare the
level of optimal persuasive advertising under monopoly with that of socially optimal level of
advertising. 10

4. What is meant by innovation race? Discuss its conditions for

(a) one fim undertaking innovation.
(b) two fims undertaking innovation.
How do you derive socially optimal innovation? 10

5. Define the concept of selling and renting monopoly in case of a durable food. Show that the level
of profit earned by a durable good monopolist is greater in case of renting compared to selling. 10

6. Based on suitable assumptions derive the equilibrium prices and shares of two fims located at
fixed points along a linear street. 10
M.A/M.Sc.-III/Eco./ECN-303/23 (6)
7. Show that existence of sunk cost introduces entry barrier. With a suitable
model show that entry
barrier may not exist if there exists a prospect of retrieving a part of the sunk cost. 10
8. Write short note (anyone):
10
(a) Quantity and price game with differentiated products
(b) Process of technology diffusion and derivation of logistic
curve underlying it
(c) Ramsey pricing
 M.AM.Sc.-III/Eco./ECN-304/23
M.A./M.Sc. 3rd Semester Examination, 2022 (CBCS)
Subject :Economics
Course : ECN-304 A

Major Elective
Applied Econometrics-I
Time: 2 Hours Full Marks: 40
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
Answer any four questions taking two from each group.

Group-A

1. Number of wickets taken in a test match by a fast bowler is expected to

depend on the average
specd of the bowler and years of experience. If you have data on performance of fast bowlers,
explain
(a) Whether OLS is a suitable method and why?
(b) What is the appropriate method?

(c) Why these are called semi-elastic models? 3+5+2

2. A university categorises students examination performance under four letter grades : A, B, CandD
(in descending order). Explain how you would test whether Result Grades are depcndent on
Hours
of Study per weck. In this context, how would you test the goodness of fit of your model?
7+3

3. A library offers three types of books to its members Fiction, Autobiographies and Travel. To
properly manage its inventory, it wants to examine whether clhoice of book-type is dependent on
age and gender of the member. Explain how you would test the hypothesis, clearly
setting up the
Probability functions, OR functions, LOR functions. What does Exp(B) measure in this context?
8+2
4. ANested logit model is nothing but a 2-step multinomial logit model while a
multinomial logit
model is nothing but a nested-logit model with zerocorrelation within nests
Explain. 10

Group-B
5. Discuss Henon map. What are strange attractors? Show how Buttertly Elect is generated in this
model.

6. Discuss the Habit Persistence model. Show how chaos is generated in this model. 10

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M.A/M.Sc.-IIIVEco./ECN-304/23 (2)
7. (a) Discuss the test to determine whether Pooled or Fixed Effects model is appropriate for a given
Panel Data.

(b) Derive the estimates of fixed effects panel in case of two variable model. 5+5

8. (a) Following Farrell, define input requirement set, output possibility set, input and output
isoquants, and efficiency. Give graphical illustrations.
(b) Discuss the various models under Deterministic Frontier Approach of efficiency estimation.
10
 (3) M.AM.Sc.-III/Eco./ECN-304/23
M.A/M.S. 3rd Semester Examination, 2022 (CBCS)
Subject : Economics
Course: ECN-304 B
Agricultural Economics-II
Time: 2 Hours Full Marks: 40
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
Answer any four questions taking two from each Group.

Group-A
1. Discuss the growth of agriculture in Pre-modern China. In this context explain the role of Chinese
burcaucracy system. 10

2. Bricfly discuss the Pattern of Chinese land-reforms and its impacts. 10

3. What are the main components of the African Famine of 1973? 10

4. Discuss the mathematical model of Malthus proving that it is impossible to redress the problems of
Poor through money transfer. State any limitations of this model. 10

Group-B
5. Distinguish betwcen Capitalist made of Production and Peasant made of Production. Examine the
role of demographic structure of the houscholds in explaining the Process of self-exploitation in
Chayanov's farm houschold model. 2+8

6. The interest rate in the informal credit market is exorbitantly high in comparison to formal credit
market"- Do you think that monopoly power of the informal lender is responsible for this high
interest rate? In this context explain the Lender's Risk Hypothesis. 2+8

7. Briefly explain the nature of collateral used in rural credit transactions. With a suitable
formalisation show that when collateral is valuable to both the Parties,credit may simply be aveil
for acquiring collateral to the lender. 3+7

8. State and explain Net Present Value (NPV) and Internal Rate of Return (IRR) methods of Project
evaluation. And compare them in terms of acceptance and rejection of alternative Projects. 10
 M.AJM.Sc.-III/Eco/ECN-302/23
M.AJM.Sc. 3rd Semester Examination, 2022 (CBCS)
Subject : Economics
Course: ECN-302
Time: 2 Hours Full Marks: 40
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
Answer any four questions.
1. (a) ln a 2x2 framework and using the assumption that country Ihas a comparative advantage in
the production of commodity X, derive the necessary condition for the existence of the
Ricardian point.
(b) Ifi<P=2, where notations have their usual specification, then comment on thc nature of
P
production and trade between the two countries. 7+3

2. Using atwo country many commodities framework, prove that in general cquilibrium each country
cnjoys a comparative advantage in all its export commodities relative to all its import commodities.
10
3. Explain the possibility of cxchange between two countries when they have same endowments of
the commodities and identical production technology for producing the
commodities. 10
4. Using Jones (1971) model, show how an increase in labour
productivity in the
sector leads to its expansion at the cost of contraction of the agricultural sector. manufacturing
10
5. Identify and explain the national welfare effects when a
small importing country implements a
production subsidy. 10
6. Briefly discuss the impact of protectionism on developing
economies. 10
7. Does Carbon trade mitigate climate change?
Explain it with your argument. 10
8. Discuss briefly future possible direction of Indian trade.
10

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