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    Mec-003 QT 2014

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    Ashwin R John
    This document is a past exam paper for a quantitative techniques course. It contains 12 questions across two sections - Section A and Section B. Section A contains 3 questions, each with two sub-questions related to econometric models, probability distributions, and input-output analysis. Section B contains 5 questions on topics like linear programming, probability, and statistics. Students are instructed to answer any two questions from Section A and any five questions from Section B, for a total of 100 marks over the 3-hour exam.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Mec-003 QT 2014

    Uploaded by

    Ashwin R John
    170 views7 pages
    This document is a past exam paper for a quantitative techniques course. It contains 12 questions across two sections - Section A and Section B. Section A contains 3 questions, each with two sub-questions related to econometric models, probability distributions, and input-output analysis. Section B contains 5 questions on topics like linear programming, probability, and statistics. Students are instructed to answer any two questions from Section A and any five questions from Section B, for a total of 100 marks over the 3-hour exam.

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    economics

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    MEC-003 QT 2014

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    This document is a past exam paper for a quantitative techniques course. It contains 12 questions across two sections - Section A and Section B. Section A contains 3 questions, each with two sub-questions related to econometric models, probability distributions, and input-output analysis. Section B contains 5 questions on topics like linear programming, probability, and statistics. Students are instructed to answer any two questions from Section A and any five questions from Section B, for a total of 100 marks over the 3-hour exam.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    170 views7 pages

    Mec-003 QT 2014

    Uploaded by

    Ashwin R John
    This document is a past exam paper for a quantitative techniques course. It contains 12 questions across two sections - Section A and Section B. Section A contains 3 questions, each with two sub-questions related to econometric models, probability distributions, and input-output analysis. Section B contains 5 questions on topics like linear programming, probability, and statistics. Students are instructed to answer any two questions from Section A and any five questions from Section B, for a total of 100 marks over the 3-hour exam.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    MEC-003

    No. of Printed Pages : 7

    MASTER OF ARTS (ECONOMICS)


    Term-End Examination
    December, 2014
    MEC-003 : QUANTITATIVE TECHNIQUES
    Maximum Marks : 100

    Time : 3 hours

    Note : Answer the questions from each sections as directed.


    SECTION - A
    Answer any two questions from this section. 2x20=40
    1. Given the demand and supply for cobweb model
    as :
    Qdt = 18 - 3 t and Qst - 3 + 4Pt-i
    (a) Find the inter temporal equilibrium price
    and determine whether the equilibrium is
    stable.
    (b) Establish the stability condition of
    Samuelson's multiplier accelerator model.
    (a) Write down the distribution functions of the
    2.
    Binomial distribution and Poisson
    distribution. When is a Poisson distribution
    an approximation of Binomial
    distribution ? Obtain the mean and
    variance of the Binomial and Poisson
    distribution.
    (b) Write down the properties of a normal
    distribution. For a standard normal
    distribution, write the density function.
    MEC-003

    P.T.O.

    3.

    (a) What are the difference between open and


    closed input-output models ?
    (b) An economy has 2 sectors agriculture and
    industry. The input-output coefficients of
    these sectors are given as :
    Output sector
    Agriculture
    Industry

    Input sector
    Agriculture Industry
    0.10
    0.50
    0.20

    0.25
    If the final demand of these sectors are
    (i)
    300 and 100 respectively, determine
    the gross output of the two sectors.
    (ii) If the input coefficients for labour of
    the two sectors are 0.50 and 0.60
    respectively, determine the total labour
    that would be required.
    4.

    5.

    6.

    A revenue maximising monopolist requires a


    profit of at least 1500. His cost and demand
    functions are C = 500 + 4q + 8q2 and P = 304 2q.
    (a) determine his output level and price.
    (b) contrast these values with those that would
    be achieved under profit maximisation.
    SECTION - B
    Answer any five questions from this section. 5x12=60
    A bag contains 8 blue balls and 5 black balls.
    2 successive draws of 3 balls are made without
    replacement. Find the probability that the first
    drawing will give 3 black balls and the second
    3 blue balls.
    (a) Solve graphically
    Sub to

    Min C = 0.6x1 + .x2


    10x1+ 4x2 > 20
    5x1 + 5x2 20
    2x1 + 6x2 > 12
    Xi, X2 > 0
    (b) Why does the solution occur at the corner
    point only ? Give reasons.

    MEC-003

    7.

    Explain the method of maximum likelihood for


    estimating the value of a population parameter.

    8.

    4 1 1
    Find inverse of 0 3 2
    3 0 7

    9.

    (a) What is sampling distribution ?


    (b) State control limit theorem.
    (c) State properties of point estimators.

    10.

    When we roll a die and are told that the number


    is even ? What is the probability that it was 4 ?

    11.

    Find the extreme values of :


    2
    + 2 . Using
    + x3
    the Hession matrix check whether the extreme
    value(s) is/are maximum or minimum.
    2
    2
    z = 2X1 - X1 X2 4x2 x1X3

    12.

    Solve the following Linear Programming Model


    in x1 and x2.
    Maximise z = 45x1 + 55x2
    6x1 +4x2<-120
    Sub to
    3x1 +10x2-L:180
    x2 ?..-

    MEC-003

    P.T.O.

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    (b)

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    5.

    MEC-003

    5x12=60

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    P.T.O.

    6.

    (a)

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    chi :

    ctA :

    C =0.6x1+ x2
    10x1+4x2 ?.- 20
    5x1+5x2 ?- 20
    2x1+ 6x2 > 12
    x1, x2 > 0

    (b)

    7.

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    MEC-003

    12.

    3-Ti-Wrd7 cbsk

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    x1 79-11 x2 I
    3Nal=f
    kik qTql-9 :

    MEC-003

    z = 45x1 + 55x2
    6x1 + 4x2 .120
    3x1 + 10x2 180
    0, x2 ,0

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