B.A. LL.B. (Five Years) Sem 2 Economics I (old course) 2014 Jun Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) Critically examine the scarcity definition of Economics.
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2. Q1 OR Explain the scope of Economics.
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3. Q1 (b) Central problems of an Economy.
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4. Q1 OR Production possibilities curve.
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UNIT - II

1. Q2 (a) Explain the law of Diminishing Marginal Utility. What are its assumptions and limitations ?
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2. Q2 OR What is indifference curve ? Explain the consumer's equilibrium with the help of an indifference curve.
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3. Q2 (b) Changes in demand.
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4. Q2 OR Law of supply.
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UNIT - III

1. Q3 (a) Explain the law of Diminishing Returns.
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2. Q3 OR What is Cost of Production ? Explain various types of cost.
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3. Q3 (b) Production function.
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4. Q3 OR Nature of revenue curves.
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UNIT - IV

1. Q4 (a) What is perfect competition ? How are price and output determined in it ?
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2. Q4 OR Discuss how are price and output determined under monopoly conditions.
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3. Q4 (b) Product differentiation.
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4. Q4 OR Oligopoly.
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UNIT - V

1. Q5 (a) What is National Income ? Explain the methods of estimating national income. What are its difficulties ?
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2. Q5 OR Explain Keynesian theory of employment and income.
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3. Q5 (b) Average and marginal propensity to consume.
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4. Q5 OR Macro Economics.
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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.