University Of Pune Question Paper B.B.A. (Semester- III) BUSINESS ECONOMICS (MACRO) (2008 Pattern) (305) Time : 3 Hours] [Max. Marks : 80 Instructions to the candidates: 1) All questions are compulsory. 2) Figures to the right indicate full marks. 3) Draw neat and well labeled diagrams wherever necessary. P618 [Total No. of Pages : 1 SEAT No. : Q1) Define macroeconomics. What is its nature, scope, and importance? [15] OR What is Say’s Law of Market? Q2) What is inflation? Explain the concept of Cost Push inflation. [15] OR Explain the Keynesian Theory of income and employment. Q3) What is Fiscal Policy? Explain in detail tools and techniques of Fiscal policy. [15] OR What is induced investment? Explain the factors influencing investment. Q4) Explain the following concepts and the interrelationship among them: GDP, GNP, NDP and NNP [15] OR Critically examine Keynes’ psychological law of consumption. Q5) Write short notes (Any Four) [20] a) Phases of Business Cycle b) Monetary policy to control inflation c) Deflation d) Limitations of macroeconomics e) Accelerator principle f) Circular flow of macroeconomic activity for 2 sector economy [ [ [![]()
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