Nalanda Open University 2010 B.Com Final , Economics (Subsidiary), Part-I -I (Micro Economics) - Question Paper

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Final Exam, 2010 Economics (Subsidiary), Part-I Paper-I (Micro Economics)

Nalanda Open University

Final Exam, 2010 Economics (Subsidiary), Part-I Paper-I (Micro Economics)

Time: 3.00 Hrs. Full Marks: 80

Answer anv FIVE questions. All questions carry equal marks.

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1. "Economics is the study of material welfare" Discuss.

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2. Draw a distinction between Macro and Micro economics.

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3. What is Consumer's Surplus? How is it measured? State the difficulties in its measurement?

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4. What is production Function? State its features. jo-ii5'1 w-i %? faifalcTP?. qciiq I

5. What is imperfect competition market? How does it differ from perfect competition?

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6. Discuss the Ricardian theory of Rent, fwtt % W\H teTRT <FT I

7. Critically examine the liquidity preference theory of interest. sqFJT % dWdl SlfaiTR ftraflRT I

8. What are the considerations before taking investment decision?

9. Discuss the concept of Marshall about welfare economics.

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10. Write notes on any two of the following:

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(a) Systematic Risk (*bHu* dhfgrr)

(b) Short period market (3Mi<bicfH 3Fttt)

(c) Income elasticity of demand (jtft stft

so so so

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