
Write short note on: Time value of money
This question has 1 answers so far.


What is Business Economics? Discuss its applicability for business decision making
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What is Elasticity of demand? Discuss various methods for measurement of elasticity of demand.
This question has 1 answers so far.


What is Macro Economics? How does it differ from Micro economics?
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Explain the importance of deman forecasting. Discuss the variousmethods of demand forecasting. What are the main issues involved in
selecting a particular method?
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Explain Production function. Discuss long run production function.
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What is an indifference curve? Discuss its properties. Explain consumer'sequilibrium with the help of indifference curve analysis.
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Q2 What do you understand by the circular flow of income? Discuss circular flow of income in a three sector economy.
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Q5 Define inflation. What are its various types? Explain the various
economic effect of inflation with the help of examples.
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Write note on: (c) Impact of demonetization on Indian economy.
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Q2 (a) Would you agree that discounting is a technique of computing
opportunity cost of investment decision, keeping the time perspective in
consideration?
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Write short note on : c) Oligopoly Vs Monopolistic market.
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What do you understand by the concept of National Income? Discuss the significance of the estimates of National Income?
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Explain the circular flow of income in all the four sector economy. Draw a relationship between leakages and injections in circular flow.
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What are the various methods of estimating National Income data? Which method is being followed in respect of estimation of National Income of India? Can you make some suggestions in making more accurate data for estimation of National Income in India?
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Discuss the usefulness of Keynes theory of employment.
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What is the role of consumption function and investment function in National Income determination? Support your answer by diagram and citing some practical examples.
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Explain the theory of determining pricelevel. Do you agree that inflation is better than deflation?
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Critically examine and compare the theories of Keynesian and Friedmanian.
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What do you understand by the concept of money market and product market? Give some suggestions to improve the working of money market in India.
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Write short notes on ISLM Model.
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Write short notes on Demonstration effect
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Write short notes on Induce Investment.
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Write short notes on Liquidity Trap
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Explain why are intermediate goods not included in GNP?
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Give your comment 
Money is different from nearmoney assets.
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Give your comment
Measures of money supply by RBI.
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Give your comment
Circular flow of income in a two sector economy.
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Give your comment
Keynesian theory of interest is indeterminate.
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Discuss the meaning and scope of Macroeconomics. Discuss the significance of macroeconomic variables in business decision making.
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How is the equilibrium level of national income determined? Show that both the aggregate demand aggregate supply approach and saving investment approach give the same level of equilibrium income.
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A given change in autonomous investment will lead to a larger change in income than itself. Why? Explain the process of income propagation with the help of dynamic multiplier.
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Define autonomous and induced investment. What is the role of marginal efficiency of capital in decision making in respect of investment?
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Discuss the concept of Balanced Budget Multiplier. Show that may change in investment financed through lump sum taxation will have an expansionary effect on income.
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Discuss the Friedman Theory of demand for money. How is it different from Keynesian theory?
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Explain the nature of LM schedule in Keynesian, intermediate and the classical range. Discuss the effectiveness of fixed and monetary policy in these ranges.
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Explain the highlights of Recent Monetary Policy of GOI and discuss it will help to reduce inflation in the country.
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Write short notes on Market interventions and failures.
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Write short notes on Demand forecasting
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Write short notes on Pure profit and opportunity cost.
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Write short notes on Nature and scope of Business Economics.
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a) Why does a demand curve usually slope downwards to the right?
b) Discuss percentage method of measuring price elasticity of demand.
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Briefly explain Distinguish between "giffen goods' and inferior goods.
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Briefly explain Distinguish between 'giffen goods and inferior goods.
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Briefly explain Short period and long period.
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Briefly explain Discriminating monopoly.
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Briefly explain Shortrun supply curve of a firm.
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Briefly explain Constant returns to scale.
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Briefly explain Oligopoly.
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Briefly explain Marginal rate of substitution.
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Discuss short run equilibrium of a firm under perfect competition and monopoly.
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Is it possible that a firm may produce while sustaining losses? I so,when and how much?
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Give reasons for the fact that MR and AR are equal under perfect competition while AR is greater than MR under monopoly.
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There is always underutilized capacity in the longrun of a firm in monopolistic competition Discuss.
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What is an indifference curve?
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Explain three properties of indifference curves.
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What will be the shape of indifference curve:
When both the commodities are perfect substitutes.
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What will be the shape of indifference curve:
When both the goods are complementary to each other.
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Profit maximization remains the most important objective of business firms inspite of multiplicity of alternative business objectives. Comment.
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Explain law of variable proportion.
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Explain least cost combination of input for a firm.
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Give your comment on "Price strategy adopted by a firm is influenced by life cycle of a product".
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Give your comment on "Differentiated product is a feature of monopolistic competition".
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Give your comment on "If marginal revenue is more than marginal cost the firm should expired itsoutput".
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Give your comment on "The gap between average cost and average variable cost keeps fallingwith increase in output".
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Give your comment on With the price of a commodity rising, if total revenue falls, it is a base ofless than unit elasticity.
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What is the business use of demand forecasting? What are the steps in demand forecasting?
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Explain the types of elasticity of demand.
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Write short notes on Opportunity cost.
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Write short notes on Time value of money.
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Write short notes on Indifference curves.
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Write short notes on Marginalism and incrementatalism.
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What is law of demand? What are the various exceptions to the law of demand?
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Explain the various factors affecting the elasticity of demand.
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Distinguish between pure competition, perfect competition and monopolistic competition. Does MR=MC always ensure stable equilibrium for a firm under perfect competition use diagrams?
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What do you mean by production function? Explain various types of production functions.
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What are the ISOQUANTS? Explain the properties of isoquants.
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Explain with diagrams the main characteristics of an oligopolistic market and equilibrium of a firm facing kinked demand curve.
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Write short notes on Micro and Macro Economics.
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Write short notes on Law of diminishing returns.
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Write short notes on difference between fixed cost and variable cost
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Write short notes on Economies of scale.
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Write short notes on Trade Cycles.
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Explain the nature of LM schedule in Keynesian, intermediate and the classical range. Discuss the effectiveness of fixed and monetary policy in these ranges.
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Write short notes on World Trade Organisation
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Explain the nature and scope of business economics in the context of business decision.
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What are the major differences between economics and business economics?
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Define price, income and cross elasticies demand. Explain various methods of measurement of price elasticity of demand,
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What are the main differences between perfect competition, perfect competition and monopoly? Which type of maricots do you find merits common in real life situations?
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Show the shape of average revenue (AR) and marginal revenue curves under different types of markets.
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What is meant by equilibrium of the firm? Explain equilibrium of the firm short period under perfect competition and monopoly.
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Define national income. What are the different methods of measuring national income of a country?
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What is inflation? What are the causes of inflation? Discuss the effect of
inflation on different sections of the society?
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What is the meaning of the term "gio baton? Discuss the various components of globalization, its advantages and limitation.
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Discuss the role and importance of foreign capital in the economic development of a country.
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Are there any risks associated with free flow of foreign capite.Substantiate your answer by giving examples from Indian economy.
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Briefly discuss the significance of opportunity cost in business decision making
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Briefly discuss EquiMarginal principle.
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Briefly discuss the price elasticity of demand
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Briefly discuss " Is consumer sovereignty a myth"?
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Conditions for consumer equilibrium under cardinal utility andordinal utility approaches.
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Briefly discuss why is average cost curve in short period U shaped?
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Briefly discuss the price effect consists of income effect and substitution effect.
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Distinguish between 'extension of demand' and 'increase in demand' and 'contraction in demand' and 'decrease in demand' Explain the factors
which bring about change in demand.
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Why is demand analysis essential for effective production planning and capacity expansion?
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Explain various methods of demand forecasting. Which method of demand forecasting would be more useful for:
(a) a new product
(b) an existing product.
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Define Isoquant curves. What are their features?
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What are the conditions for Icast cost combination of inputs? Illustrate the maximization of output with the help of isocosts and
isoquants.
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Explain the law of variable proportions. Which is the best stage of production? What are the causes for operation of law of variable proportions?
This question has 0 answers so far.


Distinguish between Monopoly and Monopolistic competition. Can a monopolist charge any price for his product? Give reasons for your answer.
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What is an Oligopoly? How is price and output determined under Oligopoly?
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briefly explain Manginalism influences decision making.
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Briefly explain Indifference curves are convex to the origin
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Briefly explain Public utility services have low price and income elasticities of demand.
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We ultimately get diminishing return as no two factors of production are perfect substitutes to each other.briefly explain
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Average cost curve and average variable cost curve come closer to each other as output increases.briefly explain.
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"Business economics integrales economic theory and business practice to facilitate decision making by business firms' Explain.
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How is the concept of risk and uncertainty useful in business decisions?
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There is really no opposition between micro and macroeconomics Both are absolutely vital. You are less half educated if you understand the one while being
ignorant of the other". Comment
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Explain the relationship among the fundamental concepts of opportunity cost, time value of money and discounting.
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What is a budget line? Explain its role in the determination of consumer equilibrium under indifference curve analysis.
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Compare the cardinal utility approach and ordinal utility approach in the analysis of demand.
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Define advertising easticity of demand and factors altecting it.
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What is the objective of demand forecasting? Explain various methods of demand forecasting.
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is increasing returns to scale a refutation of the law of diminishing returns? Explain whether constant returns to scale are compatible with the law of diminishing returns. Use isoquants.
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Explain the concept and managerial uses of production function.
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Derive traditional LAC curve from short run average cost curves and explain their
relationship. Why is it known as planning curve?
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Economies of scale may be external or internal; they may be technical managerial Financial or risk bearing" Elucidate.
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Explain the concept of shut down point Will a firm unable to cover a part of its fixed cost (ie incurring loss) cease production in the short run? Derive the short run
supply curve of a perfectly competitive firm.
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Show graphically how a profit maximizing discriminating monopolist will distribute his output in two markets and charge different prices under third degree price
discrimination?
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Monopolistic competition is a competition with differentiated products". Comment explaining different features of this market form.
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Critically examine Sweezy's kinked demand curve model.
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Write short note on Business Economics in decisionmaking.
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Write short note on Economies of scale of production.
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Write short note on Relationship between Average cost and Marginal cost curve.
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Write short note on Excess Capacity under monopolistic competition.
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Write short note on Dumping.
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Write short note on Circular flow of money in the economy.
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Write short note on Outsourcing  Pros & Cons.
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What do you understand by Elasticity of demand? What are the factors that affect the elasticity of demand?
This question has 0 answers so far.


Explain the law of increasing and decreasing returns to scale with the help of Isoquant Analysis.
This question has 0 answers so far.


When Deepa's income was Rs. 6000 per month, she bought 40 litres of milk per month; when her income increased to Rs. 8000 per month, she
purchased 50 litres of milk. Compute income elasticity of demand.
This question has 0 answers so far.


The price of two goods 'A' and 'B' fall by Re 1 per unit. Extension in demand for good 'A' is 50 units and that for 'B' is 100 units in the same period. Can we
say that the demand for 'B' is more elastic than demand for 'A'?
This question has 0 answers so far.


What are the necessary and sufficient conditions of a firm's equilibrium? Explain a firm's equilibrium under perfect competition in the long run.
This question has 0 answers so far.


What is Price Discrimination? How is price determined under discriminating monopoly?
This question has 0 answers so far.


Give the features of ExportImport Policy 200409.
This question has 0 answers so far.


What is the impact of Globalisation on Indian economy? How has foreign capital helped in the economic development of India.
This question has 0 answers so far.


Briefly discuss fiscal policy and monetary policy as macro economic stabilizing instruments
This question has 0 answers so far.


What do you understand by Business Trade Cycles? What are the main reasons for inflation in our country?
This question has 0 answers so far.


Briefly explain about Indifference curve is always convex to the point of origin.
This question has 0 answers so far.


What is the difference between law of demand and elasticity of demand?
This question has 0 answers so far.


Briefly explain 'Is it always true to say that when AC falls, MC also falis?
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Briefly explain about the concept of opportunity cost.
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Distinguish between Monopoly and oligopoly
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Briefly explain about relationship between AR, MR and Elasticity of demand.
This question has 0 answers so far.


Briefly explain the law of Diminishing Marginal utility is universal in nature.
This question has 0 answers so far.


Discuss the separation of the substitution and Income effects of a fail in the price of a normal good and giffen good.
This question has 0 answers so far.


Define price elasticity of demand. What factors govern the degree of price elasticity of demand? Discuss the ARC method of measuring it.
This question has 0 answers so far.


What is meant by Demand Forecasting? Discuss briefly the various technique of demand forecasting.
This question has 0 answers so far.


Define Isoquant What are its features?
This question has 0 answers so far.


Discuss the least cost combination of inputs for a firm
This question has 0 answers so far.


Discuss the least cost combination of inputs for a firm
This question has 0 answers so far.


How will you derive the long run average cost curve? What are the possible shapes of long run average cost curve?
This question has 0 answers so far.


Compare the long run equilibrium of a Monopolist firm with that of a perfectly competitive firm.
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Define Discriminating Monopoly. Show the equilibrium position of such firm.
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Write short note on Peak Load Pricing.
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Write short note on Pricing over the life cycle of a product.
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Write short note on nature and scope of Business Economics.
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Write short note on Profit Maximisation as the Goal of Business firm.
This question has 0 answers so far.


Write short note on Income elasticity demand.
This question has 0 answers so far.


Describe the functions, scope and various objectives of WTO.
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Write short note on Opportunity cost.
This question has 0 answers so far.


Write short note on Equi Marginalism.
This question has 0 answers so far.


Write short note on Dumping.
This question has 0 answers so far.


Write short note on Fiscal Policy.
This question has 0 answers so far.


Write short note on Outsourcing.
This question has 0 answers so far.


Write short note on G20
This question has 0 answers so far.


Discuss the meaning, nature and scope of Business Economics.
This question has 0 answers so far.


Differentiate between Business Economics and Economics.
This question has 0 answers so far.


Explain the law of variable proportion. Explain the various stages of this law with the help of table and diagram.
This question has 0 answers so far.


What are the main features of perfect competition market? How equilibrium is determined under MRMC approach in the short and long run period
under this type of market?
This question has 0 answers so far.


Define oligopoly, monopoly and equilibrium of firm.
This question has 0 answers so far.


How equilibrium determined under TRTC approach in the short and long run under perfect market competition?
This question has 0 answers so far.


Discuss the role of Govt in Macro Economy covering Fiscal Policy,Monetary Policy and National income & output
This question has 0 answers so far.


What is inflation? Describe various theories and cause of inflation.
This question has 0 answers so far.


What are MNC ? Discuss the various characteristics, advantages and disadvantages of MNC" in the home and host country.
This question has 0 answers so far.


Write short note on differentiate between economics and business economics.
This question has 0 answers so far.


Write short note on Opportunity cost principle.
This question has 0 answers so far.


Write short note on marginal cost average cost and total cost.
This question has 0 answers so far.


Write short note on income elasticity of demand.
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Write short note on Causes of unemployment
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Write short note on factors responsible for inflation in an economy.
This question has 0 answers so far.


Write short note on importance of globalization.
This question has 0 answers so far.


Distinguish between elastic and inelastic demand with appropriate examples.Explain the factors which determine elasticity of demand for a commodity.
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Explain the importance of the Law of Variable Proportion in Business decision making Draw a diagram to show various stages of the working of the law of variable proportion and their underlying rationale.
This question has 0 answers so far.


Distinguish between Monopoly and Monopolistic Competition and equilibrium of the firm under these distinct market conditions Can a monopolist charge any
price for his product? Give reasons to substantiate your answer.
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Why is a firm under perfect competition a pricetaker and not a pricemaker?
This question has 0 answers so far.


What are the conditions for profit maximization under perfect competition in short run and long run?
This question has 0 answers so far.


Discuss and analyse comprehensively the circular flow of income in two sector,three sector and four sector model. Why this subject is taught to student of
Business Economics?
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Distinguish between the monetary and fiscal policy. How do they influence the macroeconomic situation?
This question has 0 answers so far.


Explain the objectives and functions of WTO. Why was GATT replaced by WTO? Is WTO serving a useful purpose?
This question has 0 answers so far.


What is the significance of foreign capital in the economic transformation of emerging economy like India? How has India been benefited from the flow of
Foreign Direct Investment since 1991 when economic reforms were initiated?
Give examples in support of your answer.
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A brief explanation of Macro Economics is useful in business decision making.
This question has 0 answers so far.


A brief explanation of Income demand curve bends backward at higher levels of income.
This question has 0 answers so far.


A brief explanation of the gap between average cost and average variable cost keepsfalling with increase in output.
This question has 0 answers so far.


A brief explanation of With price of a commodity rising, if total expenditure falls, it is acase of elastic demand.
This question has 0 answers so far.


A brief explanation of Differentiated product is a feature of monopolistic competition.
This question has 0 answers so far.


(a) Discuss the importance of Marginalism and Incrementalism indecision making
(b) Distinguish between Economics and Business Economics.
This question has 0 answers so far.


Outline the nature and scope of Business Economics in the light of this
statement
"Business Economics bridges the gap between abstract theory andbusiness practice. It uses tools of economic analysis in classifying
problems, in organising and evaluating information and in comparing
alternative courses of action."
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Discuss the properties of indifference curves. How a consumerattains equilibrium under indifference curve analysis?
This question has 0 answers so far.


Explain the determinants of price elasticity of demand.
This question has 0 answers so far.


"When the law of diminishing returns operates, efficient productionoccurs at or beyond the level of output at which average product equals
marginal product and total product."
Explain discussing the relevant law in detail.
This question has 0 answers so far.


Illustrate the laws of production through isoquants. Explain whetherconstant returns to scale are compatible with the law of diminishing
returns
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(a) "A competitive producer must look to average variable cost indetermining whether or not to produce in the short run, to marginal
cost in deciding upon the best volume of production and to average
total cost to calculate profits or losses." Discuss.
(b) Distinguish between Perfect competition and Monopoly.
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(a) Discuss the equilibrium of a discriminating monopolist, if theforeign market in which he operates is perfectly competitive, while
in the domestic market he faces a downward sloping demand curve
(b) Explain the Kinked demand curve can explain both interdependence of
firms and stickiness of prices under oligopoly.
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Write short notes on various types of price discrimination.
This question has 0 answers so far.


Write short notes on role of fiscal policy to check inflation.
This question has 0 answers so far.


Write short notes on internal Economies and Diseconomies.
This question has 0 answers so far.


Write short notes on factors which determine price elasticity of demand for a commodity.
This question has 0 answers so far.


Write short notes on the concept of break even analysis and the assumption and made in it.
This question has 0 answers so far.


Write short notes on highlights of exportimport policy 2004â€“2009 of Govt. of India.
This question has 0 answers so far.


Write short notes on contribution of WTO in the global trade.
This question has 0 answers so far.


Briefly specify the various reasons which cause an increase in the market demand of a commodity. Ilustrate as to why does the demand curve shift to the right when increase in demand occurs due to the nonprice factors? What are the exceptions to the law of demand?
This question has 0 answers so far.


Describe the importance of nature of returns to scale for a firm. Which factors do contribute for increasing and decreasing returns to scale to
prevail?
This question has 0 answers so far.


What do you mean by the equilibrium of a firm in the short run? Briefly explain the pricing and output conditions in terms of perfect competition and monopolistic competition,
This question has 0 answers so far.


What are the characteristics of oligopoly phenomenon?
This question has 0 answers so far.


What are the various pricing methods in practice in the market?
This question has 0 answers so far.


Briefly explain the various concepts of National Income. What are the various methods to measure the National Income? Specify the special difficulties encountered in estimating National Income in developing countries like India,
This question has 0 answers so far.


Why do Economies go through cycles of recession and recovery or bust and boom? Present a summary statement of the essential elements in the various trade cycle models.
This question has 0 answers so far.


Explain the concept of globalization in the world trade Scene. What are the implications of globalization of Indian economy in the light of
our new economic policy?
This question has 0 answers so far.


How do you define a Multinational Corporation? What are the social,political, economic and cultural effects of MNCs on the host countries?
How is our govt. regulating the operations of these foreign companies
in India to conform to our socioeconomic policy?
This question has 0 answers so far.


Write short note on: Incrementalism
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Write short note on :Features of Isoquants
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Write short note on : Oligopoly
This question has 0 answers so far.


Write short notes on : Ordinal Utility approach
This question has 0 answers so far.


Explain long run and short run cost curves.
This question has 0 answers so far.


Distinguish between second and third degree price discrimination.
This question has 0 answers so far.


Explain quantitative methods of forecasting demand.
This question has 0 answers so far.


Write short note on Nature of Unemployment in India.
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Write short note on Circular flow in open Economy
This question has 0 answers so far.


Write short note on Marginal Rate of Technical Substitution (MRTS).
This question has 0 answers so far.


Write short note on Price Elasticity of Demand
This question has 0 answers so far.


Write short note on Pros and cons of Globalization.
This question has 0 answers so far.


Write short note on TRIPS
This question has 0 answers so far.


Write short note on Shut Down Point in market Structure
This question has 0 answers so far.


Write short note on Kinked Demand Curve under Oligopoly.
This question has 0 answers so far.


Explain the law of variable proportions. Which is the best stage of production? What are the causes of operation of law of variable
proportions?
This question has 0 answers so far.


Define price elasticity of demand. What are the factors that govern the degree of price elasticity of demand?
This question has 0 answers so far.


Demand and supply schedule for a product is given below:Determine price elasticity of demand when the price increases from 16
to 18 per unit of the product.
This question has 0 answers so far.


Explain why 'A firm under perfect competition is a price taker" and can enjoy only normal profits in the long run.
This question has 0 answers so far.


Discuss different methods of pricing products and state the method that would be adopted by a firm under monopolistic competition.
This question has 0 answers so far.


What are the various tools of Fiscal Policy? Explain how can the government use these tools during recession and Boom?
This question has 0 answers so far.


What are the various causes of Inflation? What measures would you recommend to control it?
This question has 0 answers so far.


Discuss the significance of foreign direct investment for a developing country like India. Why India has failed to attract more FDI despite being democratic country?
This question has 0 answers so far.


What are the objectives of World Trade Organization (WTO)? How has it
served the economic interest of developing countries like India?
This question has 0 answers so far.


Write short notes on Quantity Theory of Money
This question has 0 answers so far.


Write short notes on Liquidity Trap
This question has 0 answers so far.


Write short notes on GDP and Net National Income
This question has 0 answers so far.


Write short notes on Circular flow of income
This question has 0 answers so far.


Write short notes on Fiscal policy and Crowding out
This question has 0 answers so far.


Write short notes on Functions of money
This question has 0 answers so far.


Distinguish between Micro economics and Macro economics.
This question has 0 answers so far.


What are the major concerns of macroeconomics?
This question has 0 answers so far.


Discuss the meaning and importance of multiplier.
This question has 0 answers so far.


What are the primary motives for holding money? Indicate how important each one is to your own money holding behaviour.
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What are the economic and social impacts of inflation? Explain various control measures utilized by central bank to control inflation.
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What is equilibrium interest rate? Graphically show the impact of expansionary monetary policy onthe position of IM cury and interest rate.
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What are the shortcomings of GDP as an indicator of economic prowth?
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What do you understand by macroeconomics and macro economic variables? Discuss the importance of study of macro economics in business.
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Discuss the determination of equilibrium level of income in a four sector model.
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Write short notes on problems in the measurement of national income.
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Write short notes on process of income propagation with the help of multiplier analysis.
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Write short notes on objectives of fiscal policy.
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Discuss critically the Friedman's approach to demand for money.
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Marginal efficiency of capital together with the rate of interest determine the volume of investment. Explain.
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Distinguish between demand pull and cost push inflation. What measures will you suggest for controlling the demand pull inflation?
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Using ISLM model, show why an economy can not reach the general equilibrium unless both the product and money market are jointly in equilibrium at a point.
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Write short notes on circular flow of income in three sector economy.
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Write short notes on measures of money supply in India.
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Write short notes on propensity to consume.
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Write short notes on the circular flow of income in three sector economy.
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Write short notes on measures of money supply in India.
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Write short notes on motives for holding money in Keynesian analysis.
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Write short notes on primary functions of money.
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Write short notes on relationship between multiplier and MPC.
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Define macroeconomics. How macro economic variables are useful in understanding the nature of an economy? What are their limitations?
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Discuss the various problems in the measurement of national income.What precautions should be taken in the estimation of national income?
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What do you mean by consumption function? What are various factors affecting it?
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Define and differentiate between demandpull and costpush inflation.What measures can be adopted by the Central Bank for controlling the
demandpull inflation.
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"What is an IS curve. What factors determine the slope of this curve?Discuss.
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What is the equilibrium rate of interest? Show the impact of expansionary monetary policy on the position of LM curve and the rate of interest.
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Q4 What is multiplier? Explain the process of income propagation with the
help of multiplier process.
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Q6 Critically analyse the Milton Friedman theory of demand for money.
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Q6 Explain the equilibrium of product and money market with the help or ISLM model.
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(a) Explain the relevance of marginal efficiency of capital in investment decision making
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(b) What do you understand by Full Employment? Is full employment a Myth?
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Write note on : (a) Leakages and injections in an economy.
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Write note on : (b) Precautions in the estimation of national income.
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Write note on : (c) Total Expenditure method of National Income measurment.
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Write note on: (a) Liquidity trap
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Write note on: (b) Limitations of fiscal policy of Indian economy
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Q1 What is the meaning of business economics? How is it different from
economics? Explain its nature and relationship with other disciplines.
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(b) Define the term equilibrium. What are the forces which affect the equilibrium in the market?
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Q4 Explain the equilibrium of a consumer with the help of indifference curve
analysis. Also, decompose the price effect into income and substitution
effect in case of normal goods.
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Q6 What is law of variable proportions? What are its assumptions? How
does it help in determining the different stages of production? State its
importance clearly.
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Q7 "Firms may not always maximize profit but they do satisfy profit
constraint and they do have a profit policy." Discuss
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Q8 What is Oligopoly? How is it different from other forms of market? How
price is determine under this type of market?
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Distinguish between the following: (a) Returns to a factor and returns to scale
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Distinguish between the following: (b) Inferior goods and inferior factors
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Distinguish between the following: (c) Average production and marginal production
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Distinguish between the following: (d) Short run average cost and long run average cost
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Distinguish between the following: (c) Indifference curve and Isoquants curves
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Review your understanding of each term: (a) Elasticity of income expectation by a salary earner.
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Review your understanding of each term: (b) Elasticity of sales expectations by MTNL
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Distinguish between the following:
(c) Elasticity of price expectation in bond market
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Distinguish between the following:
(d) Gold price elasticity of jewellery sale
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Distinguish between the following:
(e) Housing loan elasticity of demand for residential construction.Also, suggest the operational business use of each.
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a) "In a competitive market, producers are price takers but not price makers". Do you agree? If so, explain the market mechanism underlying
the phenomenon.
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a) "There exists certain relationship between law of dimmshing marginalutility and general law of demand". Analyze the statement with the help
of suitable example.
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a) 'A monopoly firm can earn super normal profits but will never suffer losses' Comment and substantiate your views using suitable
illustrations.
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What do you mean by price discrimination? Give examples from real life experience. Also discuss its limitations.
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a) In the context of automoble industry, identify various private costs and social costs. What will be the effect of ignoring social cost on output
decisions of the firms producing automobiles? Graphically illustrate.
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a) What do you mean by advertising elasticity of demand?
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b) Is cross elasticity of Coffee and Tea same as cross elasticity of coffee and Milk? If not, explain why they differ?
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a) Distinguish between fixed factors and variable factors .Give example for each type of factor.
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b) Discuss the assumptions under short run analysis and long run analysis.
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Write short note on : a) Economics Vs Business Economics.
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Write short note on : b) Marginal concept Vs Incremental concept.
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Q1 Define the term "Economic Profits". Also explain the significance of
profits in a market economy.
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Q2 Distinguish between "Micro Economics" and "Macro Economics". Also
explain their interdependence.
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Q3 (a) Arana buys 6 hours of computer game at a price of Rs. 15 per hour.
if we know that her demand for computer game is unit elastic, how
much hours of computer game would she buy if its price goes, up to
Rs. 18 per hour? (b) Distinguish between increase in demand and increase in quantity
demanded with the help of a diagram.
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(a) Draw a budget line. How will the budget line change if the price of good X falls by 10% and the price of good Y rises by 10%?
(b) Explain the determination of consumer equilibrium with the help of
the law of Equi marginal utility.
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(a) Draw a budget line. How will the budget line change if the price of good X falls by 10% and the price of good Y rises by 10%?
(b) Explain the determination of consumer equilibrium with the help of
the law of Equi marginal utility.
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(a) Distinguish between returns to a factor and returns to scale b) Show diagrammatically, the relationship between average product
and marginal product. Can there be a range of output in which
marginal product falls but average product continues to rise? Give
reasons.
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a) Draw the expansion path of a firm with the help of Iso quant analysis.
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Explain why? (a) Demand curve facing a perfectly competitive firm is perfectly elastic.
(b) in the long run equilibrium a monopolistic competitive firm has
excess capacity.
(c) An oligopoly firm has a kinked demand curve.
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a) Given the following output schedule of a firm, calculate its marginal cost at different levels of output.
Further, the price of a fixed input is Rs. 200 per unit. And the price of a
variable input is Rs. 100 per unit.
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a) Explain the use of economics as a tool of decisionmaking in business.
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b) If the supply of a commodity increases, but the demand condition remain,
the same, how will the equilibrium price and quantity of the commodity get
affected?
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What do you mean by the term equilibrium price? How is it affected by changes in demand and supply conditions? If the demand for a commodity
decreases, other things being the same, how will the equilibrium quantity be
affected? Use diagram.
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b) Show with the help of indifference curve analysis the determination of consumer's equilibrium. State the conditions that must be satisfied.
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a) Distinguish between 'income elasticity of demand and cross elasticity or demand
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b) Explain the proposition that price elasticity of demand on a given demand curve is high at higher prices and low at lower prices. Use diagram
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Make use of isoquante to illustrate the condition of producer's equilibrium.
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Distinguish between shortrun production function and long run production function. Also state in brief the law of variable proportions, clearly demarcating
the various stages of production.
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a) Compare the longrun equilibrium of a monopolistic competitive firm with
that of a monopoly firm.
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b) Draw clearly the linked demand curve of an oligopolistic firm.
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Distinguish between the following : (a) Value of a commodity and price of a commodity.
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Distinguish between the following : b) Quantity demanded of a commodity and demand for a commodity
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Distinguish between the following : c) Short run and long run.
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Distinguish between the following : d) Explicit cost and implicit cost
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Distinguish between the following : e) Monopolistic competition and Duopoly
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a) Given the following demand equation:
i) Calculate quantity demanded at given prices as Rs. 8, Rs. 10, Rs. 12.
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a) Given the following demand equation:
ii) Draw a demand curve from the given data.
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a) Given the following demand equation:
iii) What is the special property of this curve?
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Illustrate and explain the following: a) Shut down point for a perfectly competitive firm.
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Illustrate and explain the following: b) Breakeven level of output of a perfectly competitive firm.
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Illustrate and explain the following: c) Supply curve of a perfectly competitive firm.
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{a) Explain in brief the product method of measurement of national income. Mention the difficulties involved in use of product method of
measurement of national income.
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(b) is increase in national income an indicator of increase in social welfare? Comment.
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What is effective demand? Will the level of effective demand always be associated with full employment?
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Define Investment multiplier. Show that it is directly related to M.P.C. and inversely related to M.P.S.
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Examine the objectives of monetary and fiscal policies. Do you think that monetary and fiscal policy play a complementary role? .
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Comment on the following: (a) Relation between leakage and injection
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Comment on the following: (b) Psychological law of consumption
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Comment on the following: c) Inflationary gap
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Comment on the following: (d) Functions of money
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(a) What is the relation between speculative demand for money and the rate of interest?
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(a) What is the relation between speculative demand for money and the rate of interest?
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(b) Briefly explain the quantity theory of money?
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(a) Distinguish between demand pull and cost push inflation?
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(b) Do you agree that mild inflation is less harmful than deflation? Give reason.
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