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    Eec 11 PDF

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    KRISHNA CHAKRABORTY
    This document is a term-end examination for an Economics elective course. It contains 3 sections with multiple choice and long answer questions. Section A has 4 long answer questions about market forms, consumer equilibrium, Keynesian effective demand, and comparative advantage. Section B has 4 short answer questions about inflation, costs, law of variable proportions, and consumer surplus. Section C asks to distinguish between autonomous vs induced investment, stock vs flow variables, and partial vs general equilibrium. The exam is for 3 hours and carries a maximum of 100 marks.

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    Eec 11 PDF

    Uploaded by

    KRISHNA CHAKRABORTY
    118 views4 pages
    This document is a term-end examination for an Economics elective course. It contains 3 sections with multiple choice and long answer questions. Section A has 4 long answer questions about market forms, consumer equilibrium, Keynesian effective demand, and comparative advantage. Section B has 4 short answer questions about inflation, costs, law of variable proportions, and consumer surplus. Section C asks to distinguish between autonomous vs induced investment, stock vs flow variables, and partial vs general equilibrium. The exam is for 3 hours and carries a maximum of 100 marks.

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    This document is a term-end examination for an Economics elective course. It contains 3 sections with multiple choice and long answer questions. Section A has 4 long answer questions about market forms, consumer equilibrium, Keynesian effective demand, and comparative advantage. Section B has 4 short answer questions about inflation, costs, law of variable proportions, and consumer surplus. Section C asks to distinguish between autonomous vs induced investment, stock vs flow variables, and partial vs general equilibrium. The exam is for 3 hours and carries a maximum of 100 marks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    118 views4 pages

    Eec 11 PDF

    Uploaded by

    KRISHNA CHAKRABORTY
    This document is a term-end examination for an Economics elective course. It contains 3 sections with multiple choice and long answer questions. Section A has 4 long answer questions about market forms, consumer equilibrium, Keynesian effective demand, and comparative advantage. Section B has 4 short answer questions about inflation, costs, law of variable proportions, and consumer surplus. Section C asks to distinguish between autonomous vs induced investment, stock vs flow variables, and partial vs general equilibrium. The exam is for 3 hours and carries a maximum of 100 marks.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 4

    No.

    of Printed Pages : 4 I EEC 011 I


    -

    00 BACHELOR'S DEGREE PROGRAMME


    O Term-End Examination
    0 June, 2018
    ELECTIVE COURSE : ECONOMICS
    EEC-011 : FUNDAMENTALS OF ECONOMICS

    Time : 3 hours Maximum Marks : 100


    Note : Answer questions from all sections as per instructions.

    SECTION - A
    Attempt any two questions from this section in
    about 500 words each. 2x20=40
    1. Explain different forms of market. How does a
    perfectly competitive firm achieve short-term
    equilibrium ? Will the firm invariably earn
    maximum profit in such a situation ?

    2. Define an indifference curve. What are the


    important properties of indifference curves ?
    Explain consumer's equilibrium with the help of
    indifference curves.

    3. The principle of effective demand forms the basis


    of the Keynesian theory of employment. How is
    it determined ? Also explain the chain of events
    if AD increases.

    4. Why do nations trade ? Discuss the Ricardian


    theory of comparative cost of international trade.

    EEC-011 1 P.T.O.
    SECTION - B
    Answer any four questions from this section in
    about 250 words each. 4x12=48
    5. Define inflation. Distinguish between demand-
    pull inflation and cost - push inflation.

    6. Explain the relationship between average cost and


    marginal cost. Use suitable diagrams for your
    answer.

    7. Explain with the help of diagram the law of


    variable proportions.

    8. What is Consumer's Surplus ? How is it


    measured ? Explain with the help of a diagram.

    9. What do you mean by a public good ? Why


    government intervention is required for their
    efficient supply ?

    10. Distinguish between transfer earnings and actual


    earnings. Under what conditions the difference
    between the two will be the maximum ?

    SECTION - C
    11. Distinguish between any two of the following :
    2x6=12
    (a) Autonomous Investment and Induced
    Investment
    (b) Stock Variable and flow variable
    (c) Partial Versus General Equilibrium

    EEC-011 2
    tt.-4-03111
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    19', 2018

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    SUIT -
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    37T .1TITTT 500 klei 111 ir-g7i 2x20=40
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    th-gi aTFRTraw-Trrgzr 3T41:eR trt- tt i r trftftetrff
    w fffrv- Trr rtiT *grrcTril ?
    2. 319fiTITIff trftiTrErr ariftTra9
    311:113( fa mall "ANR I aritITT9..aw
    31:111WT-'q'Teff fitTiKur 0,4145.111f4R I
    3. 311Travrrt -cirrr aTatzturt *-4r * ffitff
    areiR t ct)1 fqvkur icbtr 51cw t? tift AD 4
    114 tr sium .wrurr -Af-A7
    4. fgrq tql 3-TPTU et1141t ellt; t? TR *if 4 fc*-r31
    * ce-114It * civic! fiksia

    EEC-011 3 P.T.O.
    %TM - 131
    T(1 MIT tr ictra wrt dlt X11 \3R i mt-e)en 31(
    WIWI 250 71fR 4x12=48

    5. 1- 1TFTITTlif 11\im
    1 -gt-Tchlt 1)- W-A7

    6. alliff ici 1 44-iicf rivic1 141:11z1Nce4itsql


    3l94 z- •(Tlztrzpii m1) 1 1 AFL I

    7. ci-Rilo airrai
    0P-imeif

    8. WI-NT-A-
    4ff 3171 'EFT TiTif4 t?
    whit 174,qt t? otimeir VI4R I

    9. twiAPich -14 3E7err 1:11T- 0. f ? * 14)1 dgliti


    3Trf4 Tr4cr wtl 3Trqww 7rm t?

    10. t.tiicItui 374 74 cilkirelch 3117 fad f+-ff


    9 R kx1 dq .14 .P* -14 3114-*71:1 3 t trPTI ?

    WIT -
    11. fFr=l P:6-67* -14 2x6=12
    (a) kciitict qi `td f9-4W
    (b) R4 *Ai
    (c) aTtftrw +1.110-1 74 ffliii-44

    EEC-011 4

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