B.A. LL.B. (Five Years) Sem 2 Economics I (old course) 2016 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Critically examine Marshall's definition of economics.
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2. Q2 Examine the equilibrium of the consumer with the help of indifference curve analysis.
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3. Q3 Critically examine the law of equi-marginal utility.
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4. Q4 Define Monopoly. How price is determined in the short run and long run under monopoly ?
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5. Q5 What is price discrimination ? When it is possible and profitable ?
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6. Q6 What is National Income ? Explain the various concepts of national income.
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7. Q7 What is macro economics ? Explain the scope and importance of macro economics.
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Write short notes on any two of the following :

1. Q8 (a) Elasticity of demand.
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2. Q8 (b) Features of perfect competition.
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3. Q8 (c) Nature of revenue curves.
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Explain any two of the following :

1. Q9 (a) Wealth definition.
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2. Q9 (b) Monopolistic competition.
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3. Q9 (c) Keynesian theory of income and employment.
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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.