Department or Development StlldicsUnivcrxity or Dh;lk;l, H:lllglacic,h

13- '20 I - Development Theories and Pcrspccti Vl'S

Second Semester Final ExaminationSessioll: 200J - 2004

Marks: 50 Tinu:31Iolln;

[Answer any Four or the Iollowing. All questions carry L(QUAL _\ycighl./

I. How docs Aristotle's I'ol it ic» subxtantiatc that early scholars addressedeconomic questions within the context or larger concerns? What xpcci IICissues does Aristotle address with regard to justice? Do his insight» havecontemporary relevance?

2.~

Compare the Physiocratic conception or nature and sources or wealth will:those or Mercantilists? 00 such thouulus have present-day beurinu?

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J. Is .the doctrine or sympathy that is central to Smith's Theory (~/ A/orolI Sentiment is conflict with sell-interest doctrine or The Wealth (~INations'! In

whufxensc is the concept of invisible hand central to Smith's system orthought?

/4. What is Malthus's population principle? Docs 511(:11 perspective :-.h<lpccontemporary development policies?

5 "Keynes systematically demolish the postulates or the old approach --/ examine the statement dwcllitu; Oil Keynesian perspective on employment.

interes: and money?

(" Explain the essential distinctions ;1I1101lg the neo-classical, Marxist ;111<1

international dependence conceptual is.uiou». Which 11lOd~'1 do you thinkprovides the best cxplanatiun« ul the,situation ill most developing nnl ions?

7. "The Breuonwoods institutions arc development theology what Vatican is [0

Catholicism" _. do you agree with such view relating' to sellillg developmentpolities'.'

~~, "Pust-modcrnism is a style or thought which is susprcious or the idea oruniversal progress. ofsillglc Ir.uncv, orks; grand narratives or ult i111 ate groundsor explanations." _0. discuss,

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Department of Development StudiesUniversity of Dhaka

2nd Semester MDS fin-al Examination 2005B201: Development - Theories and PerspectivesTotal Marks: 50, Time: 3 Hour, July 17, 2005

[Answer any four of the following questions. All questions carry equal marks]Good luck for the exam!

1. Compare and contrast the contributions of Mercantilism and Physiocracy in dirferenl

field" of Economics. Do you think that the two philosophies are tenable even today?

Critically explain.

2. What did Adam Smith mean by 'Invisible Hand' and 'Laissez Faire'? Do you find any

contradiction of these ideas with his proposition of role of government?

3. How did Marxian interpretation of economy form a different school? Evaluate his ideas

and tools to examine development of capitalism along with its contradiction.

4. Explain the basic idea of neo-classical concept. How does it differ from that of classical?

5. Outline and critically appraise the impact of falling money wages upon aggregate

employment, in the aggregate-demand-pricejaggregate-supply-price framework of

Keynes's General Theory.

6. "Alfred Marshall preferred to use partial equilibrium analysis because it facilitated the use

of theory in applied work, thereby seemingly rejecting the general equilibrium approach

favored by his contemporary, Walras". Discuss with special reference to their theory of

demand.

7. Critically discuss the dependency paradigm with specific reference to A. G. Frank.

8. Write short notes on ~ny two of the following:

a) Age of post-modernism from a cultural, intellectual and pohticel pel speclivc.

b) Quesnay's Tableau Economique'

c) 'Ricardian Age'

d) Concept of 'Public Action' developed by Arnartva Sen

e) Globallzationand Development

Thank you!

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Department Of Development StudiesUniversity of Dhaka

MDS 2nd Semester final Examination 2006B 201 : Development Theories and Perspectives

Total Marks : 50 Time : 3 Hours

Answer any four of the following questions. All questions carry equal marks.The length of answer to each question should be kept within maximum 5 pages.

1. What is Mercantilism? Critically analyze the main tenets ofMercantilism. Explain the causes of break down of Mercantilism.

2. Critically discuss the contributions of classical school to developmentof economic thought. Explain the socio-economic implications of thomain theories developed by tho school.

3. Discuss the Ricardian theory of rent. In what way was he successful inseparating rent from price?

4. Explain Karl Marx's analysis of capitalism and its development.Evaluate his arguments for the inevitable doom of capitalism.

5. What do you mean by Keynesian revolution? Discuss the historicalantecedents leading to Keynesian revolution in the economic thought.

6. Describe how the rational choice of players in a prisoner's dilemmagame results in the worse collective outcome for the players. What arethe implications of this model for the emergence of an effective state ofdeveloping countries?

7. How is world systems theory different from dependency theory? Whatare the basic differences between these two theories?

8. Write short notes on ally two of the following:

a. The concept of 'invisible hand' of Adam Smithb. Bretton Woods institutionc. Labor theory of valued. Say's law of market

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Department of Development StudiesUniversity of Dhaka

MDS PrcgrarnmcB 201: Development Tb.~Qriesand I'crspccti ves

Second Scmester l"inal Exnnination (2007)

Duration: 3 Hours Full Marks: 5U

Answer any Four of the following questions:

. /; Adam Smith could see the possibilities of development (i.e. progress), both [or- the rich and the poor countries offered by a system of natural liberty in foreign

trade" - Discuss.

2. "In Malthus' view, an increase in national wealth arising solely from manufacturemight well decrease national happiness in that the increase in wages stemmingfrom it would entice many from agriculture and thus tend to diminish the annualproduce of the land" - do you agree with Malthus? If not, give your reasons.

/~ western worldview is the distinctive feature of the mainstream theories ofeconomic development" -.do you agree with the observation? Give reasons.

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4. "The famous Harrod-Damar Model can be termed as 'capital is everything'theory' "-Discuss.

C-Y}\m9 .5. Analytically present the sP·ties and contradictions of import substitution strategy

of industrialization.

0Lewis Model is a typical example of abstract, a priori, pro-capital and anti-ruralL' theorizing" -- as you present the main structure of this model, try to .narrate the

model in the.light of this criticism.

~down Rosenstein Redan's Big-Push theory in economic analytic terms ..'For/./ what 1'(:::1S0ns, this theory may prove to be unrealistic in the context of

underdeveloped countries?

8. The theories of development assistance aid would eventually increase theabsorptive capacities of the recipient: countries so that they could help them getout of the development trap. Analyze from any developing country perspective.

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Department of Development Studies, University of Dhaka2nd Sernesfer Final Examination 7008

Subject: Development Studies; Course B201: Development Theories and PerspectivesTotal Marks: 50, Time: 3 Hours

[Answer FOURquestions choosing at least ONEquestion from each group, All questions carry equal mark.}

Group-A

1. "Mainstream economic development theory is, in reality, a branch of western economics, and as

such it is European-centered, suffering in particular from a pair of culture -specific biases: it

rests on strong, though unstated, nationalistic premises, and it has a pro - capital bias"- Discuss.

2. "Economists who claim that their theories are value-free should, like physicians, take moral

responsibility for their prescriptions. If that were done, much of the blame for growth without

social justice and adjustment without a human face must be attributed to Western theorists and

their theories". Do you agree with this observation? Give reasons in favor of your position.

Group-B

1. What are the premises of the Big Push Theory? Do they stand up to economic logic? Why did

the Big Push Theory fail to replicate the Marhsall Plan success story in the Third World? Put

forward the Big Push Theory with answer to these questions.

2. How does trade act as engine of growth? Develop your analysis on the basis of logic provided by

the Vent -For-Surplus theory as enunciated by Adam Smith.

3. The ultimate decline of capitalism comes with the melting down of profits to zero and the

economy hitting a stationary state. Present this prediction with analytical rigor and

diagrammatic exposition. Is there a way out of this impasse? How? Did this solution lead to

colonial exploitation? How?

4. Introduce the Solow growth model and use it to show how international trade affects economic

growth when investment is subject to diminishing returns and depreciation.

Group-C

1. Analytically import substitution strategy and export promotion strategy are supposed to

produce similar results. Even then they did not. Why? Why export promotion strategy has been

more tashionable in recent decades? Explain.

2. What is capitalism? How did protestant ethic prove to be conducive to capitalist development in

the West?

3. Discuss growth equity trade-off in line with thp. research done by Irma Adelrnan.

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Department of Development Studies, linivtTsity of Dhak:1lVI nx 2,"1 Semestel' Final Examination 2'()()1)

Course B20 I: Development Thcnrics and PerspectivesTutal marks: 50, Time: ~ Hours

(Answer any foUl' of the foffowine questions)

1. Discuss the impact or Keynes on the economic thinking. In what respect it departsfrom the classical economic thinking highlighting the impact on the developmentthinking in post world war Il period.

2. Write a survey on development thinking covering trade peSSll111Sm Views,modernization theory and dependency theory that developed after Keynes.

3. What are the premises of the Big Push Theory? What arc the reasons behind thefailure of this theory in the context of underdeveloped countries?

4. What were the neoclassical diagnosis and prescriptions for the third world illness?Critically evaluate them.

5. "Any model, however, whether local or universal, is a construction of the world andnot an indisputable, objective truth about it. This is the basic insight guiding theanalysis of economics as culture." Discuss.

6. "Behind this 'vicious' economic circle lies implicitly the 'proper' circular view thatwas held to underlie a sound economy." What are these 'vicious' and 'proper' circlesabout? Explain and illustrate them.

7. Dudley Seers said, "There is so much of economics graduates to unlearn- andunfortunately the abler the student has been in absorbing the current doctrine, themore difficult the process of adaptation." What types of f1aws in current economicthinking prompted Seers to make this observation? Give details.

8. "'Development' cannot be conceptualized by its self- centered nature and lack ofdependence, nor 'underdevelopment' by its dependence and lack of autonomy."Explain this statement in the light of Henry Bernstein's exposition.