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Market for Analytical Economics - Policy and Planning Analysis - Exam, Exams of Economics

Netaji Subhas Institute of TechnologyEconomics

Market for Analytical Economics, Domain of Economic Policy, Theory of Economic Policy, Applied Policy Analysis, Instruments Relationship, Process of Ordering, Lucas Critique. Above points are representatives of questions of Policy and Planning Analysis given in this file.

Typology: Exams

2011/2012

Uploaded on 11/29/2012

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Ollscoil na hÉireann, Gaillimh
GX_____
National University of Ireland, Galway
Summer Examinations 2007 / 2008
Exam Code(s)
1EP1, 1EP2, 1EE1, 1EE2
Exam(s)
M.A. & M.Econ.Sc. (Economic Policy Evaluation &
Planning)
Module Code(s)
EC516
Module(s)
Policy and Planning Analysis
Paper No.
1
Repeat Paper
External Examiner(s)
Professor Cillian Ryan
Internal Examiner(s)
Mr. Brendan Kennelly
Professor Thomas A. Boylan
Instructions:
Please answer THREE questions.
Duration
No. of Pages
Department(s)
Course Co-ordinator(s)
Requirements:
MCQ
Handout
Statistical Tables
Graph Paper
Log Graph Paper
Other Material
pf2

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Download Market for Analytical Economics - Policy and Planning Analysis - Exam and more Exams Economics in PDF only on Docsity!

Ollscoil na hÉireann, Gaillimh GX_____

National University of Ireland, Galway

Summer Examinations 2007 / 2008

Exam Code(s) 1EP1, 1EP2, 1EE1, 1EE Exam(s) M.A. & M.Econ.Sc. (Economic Policy Evaluation & Planning) Module Code(s) EC Module(s) Policy and Planning Analysis Paper No. 1 Repeat Paper External Examiner(s) Professor Cillian Ryan Internal Examiner(s) Mr. Brendan Kennelly Professor Thomas A. Boylan Instructions: Please answer THREE questions. Duration 3 hours No. of Pages 2 Department(s) Economics Course Co-ordinator(s) Professor T. Boylan Requirements : MCQ Handout Statistical Tables Graph Paper Log Graph Paper Other Material

EC516 Policy and Planning Analysis. Please answer THREE questions.

  1. ‘The market for analytical economics is fundamentally a market for policy analysis’ (D. Foley 2001). Critically evaluate this statement. OR How, in your estimation, does Schumpeter’s analysis of ‘ideological bias’ impinge on the domain of economic policy formation and evaluation?
  2. Distinguish, and illustrate, the distinction between Tinbergen’s ‘fixed-targets’ approach to the theory of economic policy and Theil’s ‘optimization’ approach. Which approach, in the context of applied policy analysis, would you find the more plausible?
  3. ‘All the ingredients of the theory of economic policy are problematic and subject to serious criticism.’ Examine in broad outline, either the Target- Instruments relationship or the process of ordering the Social Preference Function as contained in van Velthoven’s (1990) analysis.
  4. Outline Mosley’s ‘satisficing’ theory of economic policy. Does it provide, in your estimation, a viable alternative or a complementary addition to the conventional theoretical approach to economic policy analysis?
  5. Discuss the implications of the ‘Lucas Critique’ for the theory of economic policy and formation.
  6. ‘The theory of indicative planning was arguably the most constructive attempt of non-coercive economy-wide planning, consistent with a market-based economy that was created in the post-war period.’ Discuss.