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 | December, 2015 | |
| City, State | new delhi, |
Question Paper
Answer any two questions from this section:
1. "Marginal revenue productivity of the factor plays an important role in factor pricing". Explain.
2. Explain the concept of indifference curves. What are its properties?
3. What do you mean by Elasticity of Demand? How would you measure the price Elasticity of Demand?
4. Explain the concept of monopolistic competition. How is long run equilibrium achieved under it?
Answer any two questions from this section.
5. Explain the concept of consumer's surplus. Does this concept have any utility in practice? Discuss.
6. What do you understand by microeconomics and macroeconomics? Distinguish between positive versus normative economics.
7. What is price discrimination? State the conditions under which price discrimination be practiced.
8. What are economics of scale? Explain different forms of economics of scale.
Answer anyone question from this section.
9. Explain following concepts:
Price Mechanism
Oligopoly
10. Distinguish between the following:
Production cost and Selling cost
Rent and Quasi rent
1. "Marginal revenue productivity of the factor plays an important role in factor pricing". Explain.
2. Explain the concept of indifference curves. What are its properties?
3. What do you mean by Elasticity of Demand? How would you measure the price Elasticity of Demand?
4. Explain the concept of monopolistic competition. How is long run equilibrium achieved under it?
Answer any two questions from this section.
5. Explain the concept of consumer's surplus. Does this concept have any utility in practice? Discuss.
6. What do you understand by microeconomics and macroeconomics? Distinguish between positive versus normative economics.
7. What is price discrimination? State the conditions under which price discrimination be practiced.
8. What are economics of scale? Explain different forms of economics of scale.
Answer anyone question from this section.
9. Explain following concepts:
Price Mechanism
Oligopoly
10. Distinguish between the following:
Production cost and Selling cost
Rent and Quasi rent
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