University of Lucknow 2008 B.A Economics , First - Question Paper

B.A ( Part I) exam 2008

Economics
1st Paper

Time Allowed : 3 Hours
Maximum Marks:50

Note: Total Number of ques. to be answered is Five. ques. no. one is compulsory.Attempt 1 ques. fom every unit.Each ques. of the unit carries 7.5 marks.


1.Explain the subsequent in brief: 20
(i) Scope of Economics
(ii) Equilibrium in Economics
(iii) Consumer surplus
(iv) Ridge Lines
(v) Fixed and Variable costs



UNIT I
2.Examine the definition of Economics provided by Marshall.
3.Describe the Indifference Curve Analysis of consumer's behaviour.


UNIT II
4.Explain the legal regulations of Diminishing Returns.Why does the legal regulations operate?
5.Explain the concept of Producer's Equilibrium with the help of equal product curves.


UNIT III
6.Define monopolistic competition.Explain the equilibrium of the firm under monopolistic competition.
7.Discuss how price is determined under monopoly market situation.


UNIT IV
8.Examine liquidity preferance theory interest.
9.What are the amin properties of capitalist economy?Distinguish ranging from capitalist and socialist economy.

Earning:   Approval pending.