Acharya Nagarjuna University (ANU) 2006 B.A Political Science ECONOMIC THEORY - Question Paper

B.A. DEGREE EXAMINATION, MAY 2006.
(Examination at the end of 1st Year)
Part II - Economics
Paper I - ECONOMIC THEORY

Time : 3 hours Maximum : 100 marks

PART - A (2 x 20 = 40 marks)
ans any 2 of the subsequent ques.

1. discuss consumer equilibrium using indifference curve analysis.

2. State and discuss the legal regulations of variable proportions.

3. What is perfect competition ? discuss the equilibrium of a firm and industry under perfect competition in the short time.

4. Briefly explain the classical theory of income determination.

PART - B (3 x 15 = 45 marks)
ans any 3 of the subsequent.

5. Which is price elasticity of demand ? discuss the determinants of price elasticity of demand.

6. discuss why the short term avg. cost curve is U-shaped.

7. discuss the concept of kinky demand curve and examine its significance in oligopoly.

8. discuss the margine productivity theory of distribution.

9. Examine the liquidity preference theory of interest.

10. discuss various methods of controlling inflation.

PART - C (3 x 15 = 45 marks)
Briefly discuss any 3 of the subsequent concepts.

11. Cross elasticity of Demand. 14. Multiplies.

12. Production function. 15. M3 concept of money.

13. Selling costs. 16. Price Discrimination.

Earning:   Approval pending.