Goa University BA-LLB 5 Years Degree Last 10 Years 2010-2020 Previous Question Papers
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B.A.LL.B. (SEMESTER – I) Examination, October 2014
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ECONOMICS – I: MICRO ECONOMICS
Duration: 3 Hours
Total Marks: 75
Instructions: Answer any Eight from Q. No. 1 to 12. Question No. 13 and 14 are compulsory.
- Explain Robbin's definition of economics. (8X8=64)
- Explain with the help of diagram the increase and decrease in supply.
- Explain total utility and marginal utility with the help of a diagram.
- What are giffen goods? Explain with the help of a diagram.
- Bring out the difference between consumer's equilibrium & producer's equilibrium.
- What are returns to scale? Explain with the help of a diagram.
- Explain the concept of expansion path with the help of a diagram.
- Elucidate the features of monopoly.
- Explain the compensation principle of welfare economics.
- Explain the Classical theory of interest.
- Explain the risk theory of profits.
- What are the elements of social cost-benefit analysis?
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13) Write short notes on any two:
- Factors affecting demand
- Quasi rent
- Isoquant
- The internal rate of return method
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14) Write a short note on any two:
- Types of demand
- Nominal and real cost
- Inductive method
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