Download Goa University BA LLB-5 Years 2015 April 1st Semester Economics I Micro Economics Question Paper

Download Goa University BA LLB-5 Years Course (Bachelor Of Arts and LLB Five Years) 2015 April 1st Semester Economics I Micro Economics Question Paper

20?H~zom
B.A. LL.B. SEMESTER I EXAMINATION APRIL 2015.
ECONOMICS l: MICRO ECONOMICS
Duration: 3 Hours Total Marks: 75
Instructions: 1) Answer any eight questions from Q. No. l to Q. No. 12 ( 8 x 8 = 64 )
l)
2)
3)
4)
5)
6)
7)
8)
9)
2) Q. No. 13 and Q. No. 14 are compulsory.
Explain economics as the science of wealth.
Explain with the help of diagram the expansion and contraction in demand.
Explain total utility and marginal utility with the help of a diagram.
Explain with the help of diagrams the Engel?s curve for superior and neutral Goods.
Bring out the difTerence between consumer?s equilibrium & producer?s equilibrium
Explain with the help of diagram the law of variable proportion.
Explain the internal & external economies of scale
Elucidate the features of perfect competition.
Explain the Classical economist?s view on welfare economics
IO) Explain the Keynesian theory of interest.
I 1) Explain the innovation theory of pro?ts.
l2) What are the elements of social cost~bene?t analysis?
[3) Write short notes on any two: 6
a) Factors affecting supply
b) Welfare economics
0) Iso-cost line
d) The net present value method
[4) Write a short note on any two: 5
a) Implicit & Explicit cost
b) Choice as an economic problem
c) Deductive method
*******