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

Questions asked in this paper

UNIT - I

1. Q1 (a) Critically explain Scarcity Definition and explain growth oriented definition.
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2. Q1 OR Explain in detail opportunity cost.
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3. Q1 (b) Explain Welfare Economics assumptions and criticism.
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4. Q1 OR Explain four main central problems of Economics.
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UNIT - II

1. Q2 (a) Analyse in detail consumer's equilibrium through utility.
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2. Q2 OR Explain meaning and law of demand.
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3. Q2 (b) Explain approaches to the measurement of utility.
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4. Q2 OR What are the exception of the law supply ?
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UNIT - III

1. Q3 (a) Explain cost of production in short period and long period, through cost curve.
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2. Q3 OR Explain revenue analysis relation between AR and MR curves.
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3. Q3 (b) Explain total cost and average cost.
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4. Q3 OR Explain Average Revenue (AR) and Marginal Revenue (MR).
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UNIT - IV

1. Q4 (a) Explain in detail Monopoly Market.
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2. Q4 OR Explain in detail Deopoly Market.
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3. Q4 (b) Explain meaning of Perfectly Competitive Market and its characteristics.
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4. Q4 OR Explain the types of oligopoly and features of oligopoly.
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UNIT - V

1. Q5 (a) Explain measurement of National Income and difficulties in National Income measurement.
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2. Q5 OR Explain in detail Keynesian theory.
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3. Q5 (b) Explain Aggregate demand function.
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4. Q5 OR What is the difference between classical theory and 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.