College : Karnataka State Open University
Degree : M.A
Year : I
Department :Economics
Subject : MAECO11 Micro Economic Anaalysis
Document type : Model Question Paper
Website : ksoukarnataka.com
Download Model/ Sample Question Papers : https://www.pdfquestion.in/uploads/ksoukarnataka.com/6528-MAECO11%20-%20MICRO%20ECONOMIC%20ANAALYSIS.docx
Micro Economic Analysis Model Question Paper :
(I YEAR) (M.A_EOMOMICS)
MAECO11
TIME : 03 HOURS
MAX.MARKS : 90
Related : Karnataka State Open University Economics Of Development & Growth M.A Question Paper Model : www.pdfquestion.in/6527.html
NOTE :
1. Answer any Two questions on each of the course/ paper for 20 marks
2. Assignment shall be in one’s own hand writing and be written on one side of A4 size sheet
3. Assignment shall be submitted before the term end examination.
4. Assignment on each course/ paper shall be submitted separately.
5. On the facing sheet of the assignment write your name, Reg. No., Contact. No. and address.
6. Using of plastic sheets/ spiral wire to bind the assignment is strictly prohibited
7. All the assignment shall be put in a single cover.
8. Assignment can be submitted either by post or personally to –
The Chairperson
Department of Studies in Law and Research
Karnataka State Open University
Mukthagangothri , Mysore-570
GROUP A : Answer any three questions.
Q.1Explain fundamental problems analysed in Micro Economics. (15)
Q.2Examine critically Samuelson’s Revealed Preference Theorem of demand. (15)
Q.3What are isoquants? Explain their features.(15)
Q.4Exlucidate the concept of economies of scale.(15)
What art the different types of economies? (15)
Q.5Discuss the features of monopolistic competition (15)
GROUP B : Answer any three questions.
Q.6 Differentiate between micro and macro economics. (10)
Q.7 Explain briefly the properties of indifference curves. (10)
Q.8 What is income elasticity of demand? What are its uses? (10)
Q.9 State and explain the Law of Variable Proportions. (10)
Q.10 What is price discrimination? When is it possible and profitable? (10)
GROUP C : Answer any three questions.
Q.11 Write a short note on Equilibrium. (05)
Q.12 Write a short note on Law of demand. (05)
Q.13 Write a short note on Cobb-Douglas production function. (05)
Q.14 Write a short note on Barriers to entry. (05)
Q.15 Write a short note on Risk and Profit. (05)
Syllabus (Previous Year)
MEC11: Micro Economic Analysis
BLOCK 1:
UNIT 1: Introduction to Micro Economic Analysis and Basic Problems
1.0 Objectives
1.1 Introduction
1.2 Micro economics and macro economics
1.2.1 Micro economics
1.2.2 Macro economics
1.2.3 Interdependence between micro economics and Macro economics
1.3 Fundamental Problems
1.3.1 What to Produce?
1.3.2 How to Produce?
1.3.3 For Whom to Produce?
1.3.4 Others
1.4 Let us Sum Up
1.5 Keywords
1.6 For Further study
1.7 Review Questions
UNIT 2: Methods Of Economic Analysis
2.0 Objectives
2.1 Introduction
2.2 Economic statics
2.2.1 Limitations
2.3 Comparative statics
2.3.1 Limitations
2.4 Economic dynamics
2.4.1 Significance
2.4.2 Limitations
2.5 Let us sum up
2.6 Glossary
2.7 Suggested reading
2.8 Review questions
UNIT 3: Tools in Economic Analysis
3.0 Objectives
3.1 Introduction
3.2 Tools in economic analysis
3.2.1 Functional relationship
3.2.2 Necessary conditions and sufficient conditions
3.2.3 Dependent and independent variables
3.2.4 Exogenous and endogenous variables
3.2.5 Stocks and Flows
3.2.6 Identities and equations
3.2.7 Some conventions in functions/notation
3.2.8 Graphing functions
3.2.9 Staight lines: Slopes & tangents
3.2.10 Non linear functions
3.2.11 Maximum and minimum values
3.2.12 Functions of more than two variables
3.2.13 Partial derivatives
3.3 Let us sum up
3.4 Key words
3.5 Suggested Reading
3.6 Review questions
UNIT 4: Equilibrium
4.0 Objectives
4.1 Introduction
4.2 Types of Equilibria
4.2.1 Static equilibrium
4.2.2 Dynamic equilibrium
4.2.3 Stable and Neutral
4.3 Partial equilibrium analysis
4.4 General equilibrium analysis
4.5 Let us sum up
4.6 Keywords
4.7 For further reading
4.8 Review Questions
BLOCK 2:
UNIT 5 : Demand Analysis and Consumer Behaviour
5.1 Objectives
5.2 Introduction
5.3 The concept of Demand
5.4 Determination of Demand
5.5 Law of Demand
5.6 Changes in Demand
5.7 Exceptions to Law of Demand
5.8 Elasticity of Demand
5.9 Definition
5.10 Price Elasticity of Demand
5.10(a) Type of Price Elasticity Check Your Progress
5.11 Measurement of Price Elasticity.
5.12 Income Elasticity of Demand.
5.13 Cross Elasticity of Demand.
5.14 Factors Determining the Elasticity of Demand
5.15 Importance of Elasticity of Demand
5.16 Summary
5.17 Key Words
5.18 Reference Books
5.19 Questions.
UNIT 6: Theories Of Demand
6.0 Objectives
6.1 Introduction
6.2 Cardinal Utility Approach
6.3 Law of Diminishing Marginal Utility
6.3.1 Assumptions
6.3.2 Diagramatic Explanation
6.3.4 Merits and Limitations
6.4 Law of Equi-Marginal Utility
6.4.1 Assumptions
6.4.2 Equilibrium of the Consumer
6.4.3 Explanation of the law through an example
6.4.4 Diagramatic Representation
6.4.5 Derivation of Demand curve
6.4.6 Significance and Weakness of the Marginal Utility Analysis
6.5 Consumer’s Surplus
6.5.1 Diagramatic Representation
6.5.2 Assumptions
6.5.3 Importance of Consumer’s Surplus
6.5.4 Criticisums
6.5.5 Measurement of Consumer’s Surplus
6.6 Let Us Sum Up
6.7 Key-Words
6.8 Reference Books
UNIT 7: Ordinal Approach-Indifference Curve Analysis
7.0 Objectives
7.1 Introduction
7.2 Ordinal Approach to Measure Utility
7.3 Indifference Curve Analysis
7.3.1 Meaning of Indifference Curve Analysis
7.3.2 Indifference Curve Schedule and Indifference Curve (IC)
7.3.3 Assumptions of IC Analysis
7.4 Basic Concepts of IC Analysis
7.4.1 Indifference Curve Map
7.4.2 Budget Line
7.4.3 Marginal Rate of Substitution
7.5 Properties of IC
7.6 Consumer’s Equilibrium
7.6.1 Price Effect
7.6.2 Income Effect
7.6.3 Substitution Effect-Hick’s-Allen Substitution Effect
7.6.4 Slutsky’s Substitution Effect
7.6.5 Hick’s Vs Slutsky;s Treatment
7.6.6 Elasticity of Substitution
7.6.7 Superiority of IC
7.6.8 Limitations of IC
7.7 Application of IC Analysis
7.8 Let Us Sum Up
7.9 Key Words
7.10 Reference Books