M.A-M.A Economics 1st Year Paper - I : MICRO ECONOMICS (Acharya Nagarjuna University - Center for Distance Education, Guntur, Andhra Pradesh-2013)

A(DEC 01) 
M.A. (Previous) DEGREE EXAMINATION, DEC. - 2013 
First Year 
Economics 
Paper - I : MICRO ECONOMICS 

Time : Three hours                                                                       Maximum : 80 marks 

Answer any Five of the following 
All questions carry equal marks 

1) Distinguish between micro and macro economics. 

2) State the properties of indifference curve analysis. 

3) Examine the law of variable properties. 

4) Explain the relationship between cost and output in the short-run. 

5) How is price determined under oligopoly? 

6) Describe the marginal productivity theory of distribution. 

7) Discuss different methods of economic analysis. 

8) Describe the views of Marshal and Hicks on consumer surplus. 

9) Give an account of CES Production function. 

10) Explain the nature and significance of welfare economics.