Karnataka State Open University (KSOU) 2009 B.A Economics Economic Theory ( Revised SIM Scheme)(Optional)( - 1) - /e (Code:A119-O-3) - Question Paper

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I Year B.A. Examination, May/June 2009 (Revised SIM Scheme)

ECONOMICS (Optional) (Course - I)

Economic Theory

Date : 2-6-2009    Max. Marks : 90

Time : 2.00 p.m. to 5.00 p.m.

Note : Answer all Sections.

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Answer any three questions.    (3x15=45)

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1. Bringout the difference between Micro and Macro Economics and explain its importance.

2.    What is demand ? Critically examine the law of demand.

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3.    Explain how the consumer reaches equilibrium under indifference curves analysis.

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4.    Critically examine the effective demand principle.

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5.    Elucidate the loanable fund theory of interest.

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Answer any three questions.

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6.    Briefly explain the Ricardian theory of rent.

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7.    What is supply and explain its elasticity ?

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8.    Explain the subsistance theory of wages.

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9.    Discuss the concepts of National income.

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10. Explain the law of diminishing returns.

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SECTION - C

Write short notes on any three of the following :

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11. Kinked demand curve.

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13.    Marginal rate of substitution.

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14.    Difference between Fixed and Variable cost.

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15.    Basic problems of Economics.

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16.    Accellerator.

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Attachment: karnataka-state-open-university--ksou--2009-b-a-economics-33825-1.pdf

Earning:   Approval pending.