Loyola College B.A. Economics April 2011 International Economics Question Paper PDF Download

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.A. DEGREE EXAMINATION – ECONOMICS

FIFTH SEMESTER – APRIL 2011

EC 5505/EC 5501 – INTERNATIONAL ECONOMICS

 

 

 

Date : 18-04-2011              Dept. No.                                                    Max. : 100 Marks

Time : 9:00 – 12:00

 

PART – A

 

Answer any FIVE questions in about 75 words each                                         (5 x 4= 20 marks)

 

  1. Define international trade.
  2. Define absolute cost advantage.
  3. What is meant by terms of trade?
  4. Define income terms of trade.
  5. What is foreign exchange rate?
  6. Expand IBRD.
  7. Differentiate between current account and capital account in the context of international trade.

PART-B

 

Answer any FOUR questions in about 250 words each:                                                (4×10=40 marks)

 

  1. Explain the reasons for international trade.
  2. Explain Adam Smith’s theory of absolute cost advantage.
  3. Explain clearly the factors that influence the terms of trade.
  4. Explain the advantages and disadvantages of fixed exchange rate.
  5. Describe the functions of World Bank.
  6. Bring out the recent import and export policies of the government of India.
  7. Explain the mint parity theory of exchange rate.

 

PART –C

Answer any TWO questions in about 900 words each:                                             (2×20=40 marks)

 

  1. Critically examine Hecksher Ohlin theory of international trade.
  2. Critically analyse the purchasing power parity theory of exchange rate.
  3. Critically examine Real Cost Terms of Trade.

Explain the impact of Globalisation on developing countries. Substantiate your answer with reference to India.

 

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