Categories: ECONOMICS 6

ECONOMICS-6 MACRO ECONOMICS

Written by

Haseena Banu

2 years ago

IMPORTANT QUESTIONS;

TEN MARKS QUESTIONS

explain the uses and limitations of macro economics.
explain the circular flow of national income in two and three sector economy.
explain the classical theory of employment.
briefly explain the Keynesian psychological law of consumption.
what is business cycle. explain the phases of business cycle.
briefly explain Schumpeter’s innovation theory of trade cycle.
explain the merits and demerits of direct tax.
explain merits and demerits of indirect tax.
explain the causes for increasing public expenditure in recent years.
explain the types of public expenditure.

SIX MARKS QUESTIONS

importance of estimation of national income.
need of social accounting
multiplier theory
liquidity preference theory of interest.
control of business cycle
Hawtrey’s theory of business cycle.
principles of taxation or canons of taxation.
effects of tax
methods of repayment of public debt.
effects of public expenditure.

Haseena Banu

Haseena Bano is the Editor at Ecolaw.in, a dedicated platform providing comprehensive resources for BA LLB Economics courses. She also serves as a Professor of Economics at Al-Ameen College of Law, where she brings her academic expertise and passion for teaching to shape the next generation of legal professionals. With a deep understanding of both economics and law, she plays a pivotal role in bridging theoretical concepts with real-world applications.