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

Questions asked in this paper

UNIT - 1

1. Q1 (a) What is Economics ? Explain classical theory of Economics.
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2. Q1 OR Discuss the Welfare definition with criticisms.
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3. Q1 (b) Explain opportunity cost theory.
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4. Q1 OR State the central problems of an economy.
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UNIT - 2

1. Q2 (a) Discuss the indifference curve analysis in economy.
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2. Q2 OR Explain law of Diminishing Marginal Utility.
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3. Q2 (b) Explain Determinants of Demand.
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4. Q2 OR Explain consumer's equilibrium.
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UNIT - 3

1. Q3 (a) What is production ? Explain the One Factor Variable Proportions theory.
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2. Q3 OR What is Law of Returns ? State the Law of Diminishing Returns Theory.
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3. Q3 (b) Explain Iso-quant or Iso-product curve with features.
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4. Q3 OR State the production function with importance.
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UNIT - 4

1. Q4 (a) State the equilibrium of the firm and industry in short run.
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2. Q4 OR What is Market ? Explain types of market and perfect competitive market features.
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3. Q4 (b) Discuss Monopoly Market.
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4. Q4 OR State the price and output determination under monopolistic competition.
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UNIT - 5

1. Q5 (a) What is National Income ? Explain different concepts of N.I.
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2. Q5 OR Explain various measurement of N.I.
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3. Q5 (b) What is Macro Economics ? Explain scope of Macro Economics.
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4. Q5 OR Keynesian theory.
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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.