BA Marathi And English SEM I ATKT ECONOMICS Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Answer the following questions. (Any 2) 20 marks
   • (A) Write the Meaning and Scope of Micro Economics
   • (B) Discuss the Positive and Normative Economics
   • (C) Explain the concepts: Graphs and Diagrams = Q.2. Answer the following questions. (Any 2) (2G)
   • (A) Explain the Significance of Opportunity Cost in Decision Making
   • (B) Write various benefits from Exchange
   • (C) Discuss the Role of Government in Improving Market Outcomes
2. Q3 Answer the following questions. (Any 2) 20 marks
   • (A) Explain concept of Individual Demand and Market Demand
   • (B) Describe the Three Steps to Analyse Changes in Market Equilibrium
   • (C) Explain Income and Cross Elasticity of Demand
3. Q4 Answer the following questions. (Any 2) 20 marks
   • (A) Write the Properties of Indifference Curve
   • (B) Describe the Consumer’s Equilibrium
   • (C) Discuss the concept of Consumer’s Surplus. 7
4. Q5 Write explanatory notes on: (Any 2) 20 marks
   • (A) Importance of Micro Economics
   • (C) Methods of Measuring Price Elasticity of Demand
   • (D) Price Effect

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