BA Marathi And English SEM I 2019 2020 Nov 2020 ECONOMICS (ENG) Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer the following questions. (Any 2) 20 marks
   • (A) Describe the Importance of Micro Economics
   • (B) Discuss the Positive and Normative Economics
   • (C) Explain the concepts: Equations and Functions
2. Q2 Answer the following questions. (Any Z} 20 marks
   • (A) Explain the Trade off Faced by the Individual
   • (B) Write various benefits from Exchange
   • (C) Discuss the relationship between Inflation and Unemployment
3. Q3 Answer the following questions. (Any 2) 20 marks
   • (A) Explain the movemenis along the Demand and Supply Curve
   • (B) Describe the Three Steps to Analyse Changes in Market Equilibrium
   • (C) the methods of Measuring Price Elasticity of Demand
4. Q4 Answer the following questions. (Any 2) 20 marks
   • (A) Write the Properties of Indifference Curve
   • (B) Explain the concept of Income Effect
   • (C) Describe the concept of Consumer’s Surplus
5. Q5 Write explanatory (Any 2) 20 marks
   • (A) Scope of Micro Economics
   • (B) Responses to Incentives
   • (C) Income and Cross Elasticity of Demand
   • (D) Cardinal and Ordinal Approaches

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