IMPORTANT QUESTIONS- UNIT WISE

UNIT: INTRODUCTION TO MICRO ECONOMICS -TEN MARKS QUESTIONS:

1. what is macro economics? explain the uses and limitations of micro economics.
2. what is economic statics? explain its uses and limitations.

SIX MARKS QUESTIONS

1. Economic Dynamics

UNIT-2-DEMAND AND SUPPLY- TEN MARKS QUESTIONS:

1. Explain the law of demand with its determinants..
2. explain the law of supply. what are the exceptions to it.
3. what is elasticity of demand. explain its degrees
4. explain briefly the consumers equilibrium under indifferent analysis.

SIX MARKS QUESTIONS:

1. Changes in demand.
2. Supply elasticity
3. Price effect

UNIT-3- PRODUCTION: TEN MARKS QUESTIONS:

1. What are cost curves. explain the cost concepts under short run and long run.
2. what is production. explain the types of production.
3. Explain the law of increasing and diminishing returns to scale.

SIX MARKS QUESTIONS:

1. Opportunity cost
2. Revenue curves
3. Types of utility

UNIT- 4- PRODUCT PRICING: TEN MARKS QUESTIONS:

1. what is monopoly. explain the price- output determination under monopoly.
2. explain the price- output determination under monopolistic competition.

UNIT-5- FACTOR PRICING- TEN MARKS QUESTIONS:

1. Explain the marginal productivity theory of wages.
2. explain the loanable funds theory of interest.
3. explain the modern theory of rent.

SIX MARKS QUESTIONS:

1. Subsistence theory of wages
2. uncertainty theory of profit

also read: Important question for semester.