(Pages 1499
P.T.O
MAR IVANIOS COLLEGE (AUTONOMOUS)
THIRUVANANTHAPURAM
Reg. No. :.………………… Name :.…………………
Fifth Semester B.A. Degree Examination, November 2016
First Degree Programme under CBCSS
Core Course: Economics VI
AUEC541: Micro Economics II
Time: 3 Hours Max. Marks: 80
SECTION A
Answer ALL the following terms each in one or two sentences.
1. Cartel.
2. Marginal Revenue Product.
3. Welfare economics.
4. Monopsony.
5. Zero sum game.
6. Duopoly.
7. Derived demand.
8. Bilateral monopoly.
9. Product diversification.
10. Collusion.
(10 1 10 Marks)
SECTION B
Write short notes on any EIGHT of the following, not exceeding a paragraph.
11. Externality.
12. The point of bliss.
13. Asymmetric information.
14. What are the different types of price discrimination
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15. Features of oligopoly market form.
16. Quasi Rent.
17. Public goods.
18. Capital.
19. Nash equilibrium.
20. Expected value.
21. Economic rent.
22. Insurance.
2 16 Marks)
SECTION C
Short essay type Answer any SIX questions, each not to exceed one and a half page.
23. Would a rational consumer ever buy a lottery
24. Ricardian theory of rent.
25. Discuss the conditions for price discrimination.
26. Write a note on perfect competition.
27. Euler's theorem.
28. Role of trade unions in wage determination.
29. Explain the features of monopolistic competition.
30. What is price leadership
31. What are the strategies used in game
4 24 Marks)
SECTION D
Long essay type Answer any TWO questions, each not exceeding three pages.
32. Discuss marginal productivity theory of factor pricing.
33. Explain product price determination under monopoly.
34. Describe social welfare with respect to Pareto optimality criterion.
35. Explain the expected utility theory
15 30 Marks)