M.A-M.A Economics 2nd Sem EC-201 : Micro-Economic Analysis–II(University of Pune, Pune-2013)

                                M.A. (Part I) (Second Semester) EXAMINATION, 2013
                                                              ECONOMICS
                                              EC-201 : Micro-Economic Analysis–II
                                                           (2008 PATTERN)

Time : Three Hours Maximum Marks : 80

N.B. :—

(i) Attempt All questions.

(ii) Figures to the right indicate full marks.

(iii) Answers should be precise and to the point.

(iv) Draw the diagrams wherever necessary.

 

1. Answer any one of the following questions in 500 words : [20]

(i) Critically examine the theory of monopolistic competition.

(ii) Write the assumptions of perfect competition. If the perfect competition is rare in the real world, why do we

study it ?

P.T.O.[4304]-201 2

2. Answer any one of the following questions in 500 words : [20]

(i) Explain price and output determination under monopoly.

(ii) Discuss the Baumol’s model of sales revenue maximization.

3. Answer the following questions in 250 words each (any two) : [20]

(i) Explain the risk and uncertainty theory of profit.

(ii) Elucidate the modern theory of interest.

(iii) Discuss the Mariss’s managerial model.

(iv) Explain the Pigou’s theory of welfare economics.

4. Write short notes on (any four) : [20]

(i) Schumpeter’s profit theory of innovation

(ii) Wage determination under collective bargaining

(iii) Euler’s theorem

(iv) Kinked demand curve

(v) Cournot’s duopoly model

(vi) Arrow’s impossibility theorem.

 

Earning:  ₹ 7.05/-