Acharya Nagarjuna University (ANU) 2010-1st Sem M.A Economics ,ester Model - Question Paper

M.A. DEGREE EXAMINATION,

1st Semester Model ques. Paper

Applied Economics
Paper I – MICRO ECONOMICS
Time : 3 hours Maximum : 80 marks
ans ALL ques.
All ques. carry equal marks
(5 X 16 = 80)


1. (a) Critically examine the merits and demerits of deductive and inductive methods of
economic analysis.
Or
(b) Critically examine the role of normative economics in policy making.


2. (a) describe elasticity of demand with respect to price. discuss methods of measuring
elasticity of demand and bring out its usefulness in forecasting demand.
Or
(b) Critically examine Revealed Preference Theory.


3. (a) discuss Euler's theorem.
Or
(b) discuss modern theories of costs with empirical evidence.


4. (a) discuss price and output determination under monopolistic competition.
Or
(b) discuss Kinked demand curve analysis under Oligopoly.


5. (a) Critically examine Baumol's sales revenue maximization models.
Or
(b) Critically examine Behaviour model of the firm

Earning:   Approval pending.