2020
BA (VI Semester) Examination
ECONOMICS
Paper : BECO–611
( History of Economic Thought )
Full Marks : 80
Pass Marks : 35%
Time : Three Hours
SECTION-I
1. Answer any five of the following questions : 2×5=10
(a) What is Tableau Economique of Quesnay?
(b) What do you mean by Say’s law of market?
(c) Define the concept of natural order.
(d) What is drain theory?
(e) Define the falling rate of profit.
(f) What is general equilibrium in view of Léon Walras?
(g) What do you mean by Khadi industries?
SECTION-II
2. Answer any four of the following questions : 5×4=20
(a) Discuss the evolution of mercantilism.
(b) Analyze Smith’s labour theory of value.
(c) Explain division of labour in view of Smith.
(d) What are the implications of Ricardian theory of rent?
(e) Explain in brief Ranade’s industries model.
(f) What is concentration of capital in view of Karl Marx?
(g) Analyze the Malthusian theory of population.
(h) Define the rate of surplus value in view of Karl Marx.
SECTION-III
3. Answer any five of the following questions : 10×5=50
(a) Discuss the basic principles of physiocracy. How is it different from mercantilism?
(b) Analyze Robert Owen’s view on socialism.
(c) Explain Malthusian theory of population.
(d) Critically examine the debate between Ricardo and Malthus on Glut.
(e) Discuss Karl Marx’s labour theory of value.
(f) Explain the relationship between falling tendency of rate of profit and subsequent crisis in capitalism.
(g) Examine the Marshallian concept of representative firm.
(h) Explain Marshallian theory of value.
(i) What were the main views of Kautilya’s Arthashastra?
