Karnataka State Open University (KSOU) 2010 B.A Kannada - ECONOMICS (Optional) ( – I) - Economic Theory - Question Paper

2.    Critically examine the law of diminishing marginal utility.

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3.    Define national income. Explain the concepts of national income.

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4.    Examine the Keynesian theory of employment.

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5.    Critically evaluate the Ricardian theory of rent.

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SECTION - B - a

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6. Explain the concept of Consumers Surplus.

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7.    Examine the liquidity preference theory of interest.

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8.    Explain how price and output are determined under monopoly.

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9.    Explain the phases of a business cycle.

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10.    Critically examine the subsistence theory of wages.

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SECTION - C

Write short notes on any three of the following :    (3x5=15)

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11.    Law of supply.

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12.    Income effect.

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13.    Oligopoly.

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14.    Giffens paradox.

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15.    Marginal cost.

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