Vinayaka Missions University 2012 B.A Economics 1020204 micro - Question Paper

COURSE CODE - 1020204

UG DEGREE exam - FEB 2012

BA (ECO) MICRO ECONOMICS
(For Candidate Admitted from Calendar 2007 Onwards)

Time: three Hours Max.Marks:75

PART - A

ans All the Questions: 10 X two = 20

1. State Alfred Marshall's definition of Economics.

2. describe the term "Micro and Macro Economics".

3. describe "Marginal Utility".

4. What is meant by demand?

5. discuss cross elasticity of Diamond?

6. What is Indifference curve?

7. elaborate the factors determining efficiency of labour?

8. describe 'Capital formation'.

9. Who is an Entrepreneur?

10. State the legal regulations of supply.

PART - B

ans All the Questions: 5 X five = 25

11. a. Briefly discuss the division of Economics.
(Or)
b. Differentiate Micro and Macro Economics.

12. a. State and discuss the legal regulations of diminishing marginal Utility.
(Or)
b. discuss the legal regulations of demand with suitable diagram.

13. a. discuss briefly the different kinds of price elasticity of demand.
(Or)
b. discuss the properties of indifference curve Analysis.

14. a. elaborate the assumptions of the concept of consumer surplus?
(Or)
b. Analyze the advantages and disadvantages of division of Labor.

15. a. discuss about the relationship ranging from AC and MC curves.
(Or)
b. How do you get "Economics of scale? discuss the various kinds
of Economics of scale.

PART - C

ans any 2 Questions: 2 X 15 = 30

16. explain the Nature and scope of Economics.

17. discuss the attainment of consumer Equilibrium with help of
Indifference curve.

18. define about the elasticity of demand and it types with charts.

19. Examine Malthusian theory of population.

20. elaborate the importance and Functions of an entrepreneur?

Earning:   Approval pending.