Mohan Lal Sukhadia University (MLSU) 2001 B.A Economics Principles of - Question Paper

First Year exam of the 3 -Year Degree Course, 2001
ECONOMICS
(Principles of Economics )
Paper-I

Time : three Hours [ Maximum Marks :100 ]

Candidate have to attempt 5 questions,
selecting 1 ques. from every unit,
All ques. carry equal marks.

UNIT-I

1. describe Statics and Dynamic Economics. Mention their importance and limitations. 8+6+6

2. What do you mean by Equilibrium? discuss the concept of partial and general equilibrium and indicate their importance in Economic analysis. 5+10+5

UNIT-II

3. Analyse critically the legal regulations of Equi-Marginal Utility and mention its practical importance. 12+8

4. What do you mean by Elasticity of Demand ? discuss different methods of measuring elasticity with suitable examples. 5+15

UNIT-III

5. define fully the legal regulations of Variable Proportions. 20

6. discuss the meaning and characteristics of Iso-product curves. 8+12

UNIT-IV

7. What is Monopolistic Competition? Mention the characteristics of Monopolistic Competition and discuss price determination under Monopolistic Competition. 5+5+10

8. What is Market Price? How is it determined? How do you distinguish Market price from Normal price? 5+10+5

UNIT-V

9. define the Marginal Productivity Theory of Distribution. Mention its limitations. 12+8

10. discuss Modern Theory of Rent, and compare it with Ricardian Theory of Rent. 12+8

Earning:   Approval pending.