Exam Details
| Subject | Economic Theory | |
| Paper | ||
| Exam / Course | Bachelor Degree in Commerce | |
| Department | School of Management Studies (SOMS) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | June, 2016 | |
| City, State | new delhi, |
Question Paper
1. What is an economy? Explain an economy as a system of circular flow.
2. Discuss the concept of money wage and real wage. How is it possible for trade unions to secure an increase in the wage rate through collective bargaining
3. What do you understand by Production Possibility Curve? illustrate it with the help of a suitable example. What are its assumptions
4. What is budget line? Explain the equilibrium of a consumer with the help of indifference curve analysis.
Answer any two questions from this section.
5. Describe returns to scale. Explain the causes of increasing return.
6. What is long run cost curve? Why is short run Average cost curve -shaped?
7. Explain a firm's short period Equilibrium under perfect competition.
8. What is oligopoly? Explain its characteristics.
Answer anyone questions from this section.
9. Explain following concepts:
Cardinal and ordinal approach to utility analysis.
Extension of demand and increase (shift) in demand.
10. Distinguish between the following:
Price elasticity of demand and income elasticity of demand.
Nominal and Real Rates of interest.
2. Discuss the concept of money wage and real wage. How is it possible for trade unions to secure an increase in the wage rate through collective bargaining
3. What do you understand by Production Possibility Curve? illustrate it with the help of a suitable example. What are its assumptions
4. What is budget line? Explain the equilibrium of a consumer with the help of indifference curve analysis.
Answer any two questions from this section.
5. Describe returns to scale. Explain the causes of increasing return.
6. What is long run cost curve? Why is short run Average cost curve -shaped?
7. Explain a firm's short period Equilibrium under perfect competition.
8. What is oligopoly? Explain its characteristics.
Answer anyone questions from this section.
9. Explain following concepts:
Cardinal and ordinal approach to utility analysis.
Extension of demand and increase (shift) in demand.
10. Distinguish between the following:
Price elasticity of demand and income elasticity of demand.
Nominal and Real Rates of interest.
Other Question Papers
Departments
- Centre for Corporate Education, Training & Consultancy (CCETC)
- Centre for Corporate Education, Training & Consultancy (CCETC)
- National Centre for Disability Studies (NCDS)
- School of Agriculture (SOA)
- School of Computer and Information Sciences (SOCIS)
- School of Continuing Education (SOCE)
- School of Education (SOE)
- School of Engineering & Technology (SOET)
- School of Extension and Development Studies (SOEDS)
- School of Foreign Languages (SOFL)
- School of Gender Development Studies(SOGDS)
- School of Health Science (SOHS)
- School of Humanities (SOH)
- School of Interdisciplinary and Trans-Disciplinary Studies (SOITDS)
- School of Journalism and New Media Studies (SOJNMS)
- School of Law (SOL)
- School of Management Studies (SOMS)
- School of Performing Arts and Visual Arts (SOPVA)
- School of Performing Arts and Visual Arts(SOPVA)
- School of Sciences (SOS)
- School of Social Sciences (SOSS)
- School of Social Work (SOSW)
- School of Tourism & Hospitality Service Sectoral SOMS (SOTHSM)
- School of Tourism &Hospitality Service Sectoral SOMS (SOTHSSM)
- School of Translation Studies and Training (SOTST)
- School of Vocational Education and Training (SOVET)
- Staff Training & Research in Distance Education (STRIDE)
Subjects
- Accountancy-I
- Accountancy-II
- Business Environment
- Business Organisation
- Company Law
- Economic Theory
- Elements of Auditing
- Elements of Costing
- Elements of Income Tax
- Elements of Statistics
- Management Theory
- Mercantile Law
- Money, Banking & Financial Institutions