Download Goa University BA LLB-5 Years 2014 Oct 1st Semester Economics I Micro Economics Question Paper

Download Goa University BA LLB-5 Years Course (Bachelor Of Arts and LLB Five Years) 2014 Oct 1st Semester Economics I Micro Economics Question Paper

B.A.LL.B. (SEMESTER ? 1) Examination, October 2014
ECONOMICS ? I: MICRO ECONOMICS
Duration: 3 Hours Total Marks: 75
Instructions : Answer any Eight from Q. No. l to 12 (8X8=64)
Question No. 13 and 14 are compulsory.
1) Explain Robbin?s de?nition of economics.
2) Explain with the help of diagram the increase and decrease in supply.
3) Explain total utility and marginal utility with the help of a diagram.
4) What are giffen goods? Explain with the help of a diagram.
5) Bring out the difference between consumer?s equilibrium & producer?s equilibrium.
6) What are returns to scale? Explain with the help of a diagram.
7) Explein the concept of expansion path with the help of a diagram.
8) Elucidate the features of monopoly.
9) Explain the compensation principle of welfare economics.
10) Explain the Classical theory of interest.
1 1) Explain the risk theory of pro?ts.
12) What are the elements of social cost-bene?t analysis?
13) Write short notes on any two: 6
a) Factors affecting demand
b) Quasi rent
c) Isoquant
d) The internal rate of return method
14) Write a short note on any two: 5
a) Types of demand
b) Nominal and real cost
c) Inductive method
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