Download Autumn Examinations 2011/2012: EC516 Policy and Planning Analysis and more Exams Economics in PDF only on Docsity!
Autumn Examinations 2011/ 2012
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 Liam Delaney Internal Examiner(s) Professor John McHale Professor Ciaran O’Neill Professor Thomas A. Boylan
Instructions: Please answer THREE questions.
Duration (^) 3 hrs. No. of Pages This page + 1 Discipline(s) Economics Course Co-ordinator(s) Dr. M. Silles & Prof. T. A. Boylan Requirements : MCQ Release to Library: Yes No Handout Statistical/ Log Tables Cambridge Tables Graph Paper Log Graph Paper Other Materials
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EC516 Policy and Planning Analysis Please answer THREE questions.
- Outline and critically evaluate what you consider to be Schumpeter’s contribution to the process of economic formation, with particular attention to his concepts of (i) ‘ideological bias’ and (ii) ‘pre-analytic vision’.
- What in your estimation do you consider to be the major differences between Tinbergen ‘fixed-target’ approach to the theory of economic policy and that of Theil’s ‘optimization’ approach? Which of the approaches do you find the more plausible as an approach to economic policy formation?
- How significant do you consider the preference function of policy makers to be within the theory of economic policy? Outline some of the principal approaches, along with their relative strengths and weaknesses, for the empirical estimation of the preference function.
- Outline the basis of the ‘Lucas Critique’ in the theory of economic policy. How plausible do you find the reasoning underlying this critique?
- Is a behavioural theory of economic policy a feasible possibility? In this context evaluate Mosley’s pioneering attempt in this domain.
- What are the central ideas underlying the theory of indicative planning? Critically evaluate the merits of this approach to economic planning.
