Bangalore University 2007 B.A Economics I Semester ./BSc, ./ - Question Paper

I Semester B.A./B. Sc. Examination, Nov./Dec. 2007
(Semester Scheme)
ECONOMICS-Paper-I
Micro Economics

Time : three Hours Max. Marks: 60

Instructions: a) Answers must be completely either in Kannada or in English.
b) Answers of Part A should be continuous.
c) Answers should be precise.

PART-A
(Conceptual)

I. ans any 10 of the subsequent in 2-3 phrases every. every ques. carries two marks.

a) What is Micro Economics?

b) What is Mixed Economy?

c) Distinguish ranging from positive and normative economics.

d) What do you mean by “Veblen effect”?

e) provide the meaning of cross elasticity of demand.

f) What is Consumers Surplus?

g) Mention 4 factors determining supply.

h) Distinguish ranging from avg. revenue and marginal revenue.

i) What do you mean by price discrimination?

j) What is Equilibrium price?

k) elaborate selling costs?

l) What is quasi rent?


PART-B
(Analytical)

ans any five of the subsequent in 15-20 phrases each:

2) Briefly discuss the legal regulations of diminishing marginal utility.

3) discuss the exceptions to the legal regulations of demand.

4) discuss briefly the role of price mechanism in a mixed economy.

5) Write a note on different internal economies.

6) Briefly discuss the role of time element in determination of price.

7) discuss the features of Duopoly market.


PART-C
(Essay Type)

ans any 3 of the subsequent not exceeding 4 pages. every ques. carrying 15 marks. (15x3=45)

8) What is Micro Economics? explain the merits and demerits of micro economics.

9) discuss the basic economic issues common to all economics.

10) What is Indifference Curve? discuss its property.

11) discuss the legal regulations of variable proportions.

12) discuss the features of perfect competition. How the price and output is determined under perfect competition?

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Earning:   Approval pending.