Seat No.:
Subject Code: 4519202
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GUJARAT TECHNOLOGICAL UNIVERSITY
MBA - SEMESTER 1- EXAMINATION - WINTER 2018
Enrolment No.
Subject Name: Economics for Managers
Time: 10:30 AM To 01:30 PM
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Date: 26/12/2018
Total Marks: 70
Instructions:
- Attempt all questions.
- Make suitable assumptions wherever necessary.
- Figures to the right indicate full marks.
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| Q. No. | Question | Marks | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Q.1 | Define the following terms.
--- Content provided by FirstRanker.com --- | 14 | ||||||||||||||||||||
| Q.2 | What is monopolistic competition. Explain difference between monopoly and monopolistic competition. | 07 | ||||||||||||||||||||
| Q.3 | List ten principles of economics. Explain in detail how people make their business decisions. OR --- Content provided by FirstRanker.com --- What is law of Demand? Explain factors which shift the demand curve. | 07 | ||||||||||||||||||||
| Q.4 | What is Oligopoly. Explain prisoners’ dilemma in Oligopoly. | 07 | ||||||||||||||||||||
| Q.5 | Explain how Monetary policy and Fiscal policy influences aggregate demand curve. Explain government purchase leads to Multiplier effect and crowding out effect. OR What is GDP? Explain component of GDP. | 07 | ||||||||||||||||||||
| Q.6 | For each of the following, say whether it describes a perfect competitive firm, a monopolistically competitive firm, both or neither.
--- Content provided by FirstRanker.com --- | 07 | ||||||||||||||||||||
| Q.7 |
Calculate Nominal GDP, Real GDP, GDP Deflator. --- Content provided by FirstRanker.com --- Calculate percentage change in Nominal & real GDP. In which year Indian agriculture sector doing well?OR What is Elasticity. Explain five cases of price Elasticity | 07 | ||||||||||||||||||||
| Q.8 | Define Cost of Living Index. Explain the steps in the calculation of Cost of Living Index. State the problems involved in its calculation. | 07 | ||||||||||||||||||||
| Q.9 | CASE STUDY: Suppose that College students (With Job) and College students (without-Job) have the following demand for Movie tickets in Multiplex theatre.
--- Content provided by FirstRanker.com --- Calculate the price elasticity of demand when price rises from Rs.250 to Rs.300 for college students-having JOB using mid-point method.Calculate the price elasticity of demand when price rises from Rs.250 to Rs.300 for college students Without having JOB using mid-point method. Interpret the answer OR Calculate the price elasticity of demand when price rises from Rs.300 to Rs.350 for college students having JOB using mid-point method. --- Content provided by FirstRanker.com --- Calculate the price elasticity of demand when price rises from Rs.300to Rs.350 for college students Without having JOB using mid-point method.Interpret the answer | 07 |
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