SIXTEEN MARKS QUESTIONS:

1. Critically explain the wealth definition of economics?
2. Critically explain the welfare definition of economics?
3. Critically explain the Robbins definition of economics?
4. What is capitalism? Explain features merits and and demerits off capitalism?
5. Explain the features merits and demerits of socialism.
6. What is mixed economy? Explain its merits and demerits.
7. Explain the cost concepts and Costcurves in short run.
8. Briefly explain the law of diminishing marginal utility?
9. Examine the law of equi marginal utility? What are its assumptions and limitations.
10. What is indifference curve? Explain its properties.
11. What is law of demand? Explain its exceptions.
12. what is indifference course explain the consumers equilibrium with the help of indifference curve
13. Explain the law of variable proportions.
14. Explain the properties of land and labour?
15. Explain the features of perfect competition?
16. Explain the features and types off Oligopoly market?
17. What is Price discrimination? What are its types
18. What is Monopoly market? Explain its features.
19. Explain the features of Monopolistic competition?
20. Examine the Marginal productivity theory of distribution?
21. Critically examine Ricardian theory of Rent?
22. Critically explain the loanable funds theory of interest?

EIGHT AND TEN MARKS QUESTIONS:

1. Micro and Macro economics
2. Consumer Surplus
3. Production function
4. Difference between Money wage and real wage.
5. Quasi rent
6. Human wants
7. Properties of capital
8. Product life cycle
9. Economic laws
10. Wage differentials
11. Consumption
12. Revenue concepts
13. Types of utility
14. Duopoly market