BA Marathi And English SEM V 2023 2024 2024 ECONOMICS HISTORY OF ECONOMIC THOUGHT Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q2 All questions carry equal marks
2. Q3 Draw neat diagrams where necessary
3. Q1 - Solve any two sub-questions from the following. 20 marks
   • a) Explain the Adam Smith's concept of division of labor
   • b) Discuss the Ricardo's theory of value
   • c) Explain the concept of surplus value of Karl Marx
4. Q2 - Solve any two sub-questions from the following. 20 marks
   • a) Explain the Alfred Marshall's concept of consumer’s surplus
   • b) Explain the Schumpeter's thoughts on economic development and
   • c) Explain the Pigou's thoughts on welfare economics
5. Q3 - Solve any two sub-questions from the following. 20 marks
   • a) Discuss the Keynesian employment theory
   • b) Explain the Keynesian thoughts about the business cycle
   • c) Explain the role of fiscal policy in economic development
6. Q4 - Solve any two sub-questions from the following. 20 marks
   • a) What is stagflation? State the causes of stagflation
   • b) Explain the long-term Philips curve with the help of figure
   • c) Explain the life cycle consumption theory Paper Subject Code: 97227 Economics : History of Economic Thought (R 2022)
7. Q3 wat
8. Q3 HA?

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