Download Goa University BA LLB-5 Years 2018 April 1st Semester Economics I Question Paper

Firstranker's choice

FirstRanker.com

B.A.L.L.B SEMESTER I APRIL 2018 EXAMINATION.

--- Content provided by⁠ FirstRanker.com ---

ECONOMICS I

Total Marks: 75 Duration: 3 Hours

Instructions: 1) Answer any Eight questions from Q.No.1 to 12.

2) Q. No.13 and Q.No.14 are compulsory.

3) Students are advised to incorporate exact question number on answer scripts.

--- Content provided by⁠ FirstRanker.com ---

8 x 8

1. State and explain monopoly power and the 3 methods to measure monopoly power.
2. Explain the Loanable funds theory of interest.
3. Explain the features of monopolistic market.
4. Elaborate the Hicks compensation principle.

--- Content provided by​ FirstRanker.com ---

5. Explain the oligopoly market and the kinked demand curve.
6. Write a note on social welfare function.
7. Elucidate on changes in quantity supplied versus changes in supply.
8. Explain Hicks substitution effect.
9. Discuss consumers surplus.

--- Content provided by‌ FirstRanker.com ---

10. Elaborate on the different types of demand elasticities.
11. Explain economies and diseconomies of scale.
12. Elucidate the cost curves.

13. Answer in Short Notes any two out of three. 3x2

1. State and explain the bargaining theory of Wages.

--- Content provided by FirstRanker.com ---

2. Explain the 3 motives to demand for money.
3. Concept of Utility.

14. Answer in Short notes any two out of three. 2.5x 2

1. Explain the concept of wage differentials.
2. Fixed and variable inputs, short run and long run production.

--- Content provided by⁠ FirstRanker.com ---

3. Explain differential rent.

*******