B.Com I Economics 2010
B.Com I Economics 2010
SECTION “A”
Q.1. Explain the Concept and Importance of Micro and Macro Economics and differentiate between them.
Q.2. What is meant by Consumer’s Equilibrium? Explain consumer equilibrium with the help of Indifference Curve in detail. Discuss the characteristics of indifference curve.
Q.3. (a) Differentiate between Monopoly and Monopolistic Competition.
Q.3. (b) Explain with the help of diagram, the short run equilibrium of a firm under Perfect Competition.
Q.4. Write Short Notes on the following.
i. Elasticity of Demand
ii. Isoquant Analysis
iii. Law of diminishing return
iv. Point and Arc Elasticity of demand
v. Substitution Effect
SECTION “B”
Q.5. Define National Income. Explain its various kinds. Discuss the time methods to measure. National Income.
Q.6. How the Equilibrium level of National Income is determined and always take place at full employment discuss.
Q.7. Explain the concept of Multiplier with numerical example, Effective Demand and Acceleration Principle in detail.
Q.8. Define Investment and Investment function and its kinds in detail. Explain the determinant of investment.
Q.9. Write Short Notes on the following
i. Kinds of Unemployment
ii. Phases of Trade Cycle
iii. Inflationary and Deflationary Gap
iv. MEC
v. Autonomous and Induce Investment
vi. Monitory and Fiscal Policy
SECTION “C’
Q.10. Define Economic System and Compare the features of Capitalism and Socialism.
Q.11. In your opinion Islamic Economic System is the best economic system. Discuss
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