B.A. LL.B. (Five Years) Sem 2 Economics I (old course) 2012 Dec Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Discuss the Wealth Definition.
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2. Q1 OR Explain the basic problems of Economics.
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3. Q1 (b) Discuss the Scarcity Definition.
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4. Q1 OR Explain nature and scope of Economics.
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UNIT - II

1. Q2 (a) What is supply ? State the law of supply with an illustration and diagram.
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2. Q2 OR What is Demand ? State the law of Demand with an illustration and diagram.
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3. Q2 (b) Explain Elasticity of Demand.
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4. Q2 OR Indifference curve.
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UNIT - III

1. Q3 (a) What is cost ? Explain various concepts of cost.
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2. Q3 OR Explain law of Returns and state the 3 types of law of Returns.
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3. Q3 (b) Cobb-Douglas Production Function.
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4. Q3 OR Law of variable proportions.
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UNIT - IV

1. Q4 (a) What is Monopolistic Competition ? Under Monopolistic Competition how Price and Output are determined in it.
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2. Q4 OR What is Oligopoly ? Explain types and features of Oligopoly.
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3. Q4 (b) State the short run equilibrium of firm and industry.
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4. Q4 OR Explain Price Determination under perfect competition.
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UNIT - V

1. Q5 (a) Critically explain the Keynesian theory.
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2. Q5 OR What is macro economics ? State the importance of macro economics in economy.
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3. Q5 (b) What is National Income ? Explain concept of National Income.
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4. Q5 OR Explain method/measurement of National Income.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.