BA 1st Semester Economics (H1) Question Paper 2016 honours paper

BA 1st Semester Economics (H1) Question Paper 2016 honours paper, economics 1st year question paper 2015,

TDC Odd Semester Exam., 2016 

ECONOMICS 

Honours 

( 1st Semester ) 

Course No. : ECOH-1O1 

Microeconomics—I 

Full Marks: 50 

Pass Marks: 17 

Time: 2 hours 

The figures in the margin indicate frill marks for the questions 

Answer five questions, taking one from each Unit 

UNIT—I 

1. Define equilibrium. Make a difference between static equilibrium and dynamic equilibrium with the help of a diagram. 3+7= 10

2. (a) What are the basic problems of an economy? Discuss. 5
(b) “The objective of economic analysis is not merely to discover the truth but also to assist in the solution of concrete problems.” Explain the significance of this statement. 5

UNIT—Il 

3. (a) Explain the concepts of market demand function and suppty function with the help or an example.
(b) Examine the effect of shift in supply and demand curves on equilibrium price and quantity.

4. (a) Define cross elasticity or demand. How do we measure it? 242
(b) Show the nature or cross elasticity of demand for-
(() substitutes:
(i) complementary goods. 3+3

UNIT—III

5. (a) Derive the demand curve for a Stiffen good by using the indifference curve analysis.
(b) To what extent the indifference technique removes the defects of utility analysis? Discuss.

6. write short notes on the following :
(a) Marginal rate of substitution
(b) Angel curve

UNIT—IV 

7. what is production function? Explain how a producer achieves an optimum or a least cost combination. or factors or production. 2+8-10

8. Define Isoquant. Explain its properties. 3+7=10

UNIT—V 

9. Discuss the nature or the short-run and long-run average cost curves. why is the long-run cost curve batter than the short-run cost curve? 5+5—10
10. compare and contrast the Cobb- Douglas and cEs production function. which of them is conceptually superior and why? 7+3—10

Honourse Paper (H-II)


Honourse Paper (H-III)