B.Com II Economic Analysis and Policy 2008 (Private)
B.Com II Economic Analysis and Policy
Instructions: Attempt any FIVE questions. Selecting TWO from Micro Economics, TWO from Macro Economics and ONE from Economic System.
MICRO ECONOMICS
Q.1. (a) Economics is the science of scarcity and choice. Elucidate.
Q.1. (b) Explain Micro and Macro approach the Economics Analysis.
Q.2. What is meant by Consumer’s Equilibrium? Explain the consumers equilibrium with the help of Indifference Curve Technique. (20)
Q.3. (a) Distinguish between Monopoly and Perfect Competition. (08)
Q.3. (b) Explain the with the help of diagram the short-run equilibrium of a firm under Perfect Competition. (12)
Q.4. Write notes on any TWO of the following. (20)
i. Point Elasticity of Demand and Arc Elasticity of Demand
ii. Optimum Factor Combination
iii. ISO-quants
iv. Average and Marginal Cost
MACRO ECONOMICS
Q.5. (a) Describe with the help of diagram the functional relationship between Consumption and Income. (10)
Q.5. (b) Enumerate the factors which determine the propensity to consume. (10)
Q.6. Differentiate any ONE between the following. (20)
i. Average Propensity to Save (APS) and Marginal Propensity to Save (MPS)
ii. National Income at Factor Cost and National Income at Market Price.
iii. Autonomous Investment and Induced Investment
iv. Multiplier and Acceleration Principle.
Q.7. How the equilibrium level of National Income is determined. Does Equilibrium always take place at full employment level? (20)
Q.8. Write notes on any TWO of the following. (20)
i. Various Method of Measurement of National Income
ii. Kinds of Unemployment
iii. Phases of trade cycle
iv. Fiscal Policy
ECONOMIC SYSTEM
Q.9. What are the salient features of a Capitalistic Economy? Describe its Merits. (20)
Q.10. Discuss in detail the different methods of Islamic Financing. (20)
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