B.A. LL.B. (Five Years) Sem 2 Economics I (old course) 2017 Dec Question Paper - KSLU

Questions asked in this paper

1. Q1 Critically examine the welfare definition of Economics.
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2. Q2 Explain the basic economic problems common to all economies.
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3. Q3 Explain the law of Diminishing Marginal Utility.
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4. Q4 What is cost ? Explain the various concepts of cost.
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5. Q5 Define Monopoly market. How price and output are determined in Monopoly market ?
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6. Q6 Explain the price and output determination under monopolistic competition.
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7. Q7 Explain the problems in the estimation of national income.
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Write short notes on any two of the following :

1. Q8 (a) Indifference curves.
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2. Q8 (b) Production possibility curve.
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3. Q8 (c) Law of supply.
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Write short notes on any two of the following :

1. Q9 (a) Concepts of National Income.
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2. Q9 (b) Macro economics.
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3. Q9 (c) 'Says' law of markets.
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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.