MAJOR- ECONOMICS-MACRO ECONOMICS

Important questions. (16 marks Questions)

1. Define Macro economics? Explain its uses and limitations of it.
2. Explain the importance and difficulties of estimation of national income.
3. Critically explain the classical theory of employment.
4. explain briefly the Keynensian psychological law of consumption.
5. Briefly explain the Keynesian theory of employment.
6. what is Trade Cycle. explain the stages of trade cycle.
7. Briefly explain the causes and measures of Trade cycle.
8. Summarise the Scumpeter’s innovation theory of trade cycle.
9. what is Tax. explain the merits and demerits of Direct and Indirect tax.
10. explain the effects of tax on production and distribution.
11. explain the various causes for increase in public expenditure in recent years.
12. what is public debt. explain the Items of public expenditure.
13. explain the effects of public expenditure on production and distribution.
14. what is public debt? explain the purpose, burden and methods of repayment of Public Debt.

(8 and 10 Marks Questions)

1. Need for Social Acconting
2. Multiplier theory.
3. Marginal Efficiency of Capital.
4. Control of trade cycle.
5. Hawtrey’s theoryof trade cycle.
6. Principlesof taxation.
7. Impact, incidence and shifting of tax.
8. Classification of tax.

• Author
• Recent Posts

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.

Latest posts by Haseena Banu (see all)

• MAJOR- ECONOMICS-MACRO ECONOMICS - June 27, 2026
• What are the basic characteristics of Money. - April 2, 2026
• MAJOR-3 ECONOMICS- ECONOMIC THEORY AND PUBLIC FINANCE. - December 30, 2025