Nalanda Open University
Annual Examination 2016
B.A. Economics (Honours), Part-I
Paper-I (Micro Economics)
Time: 3.00 Hrs. Full Marks: 80
Answer any Five questions. All questions carry equal marks.
1. Discuss the definition of economics given by Robbins.
2. Explain consumer's equilibrium with the help of indifference curve.
3. Critically evaluate the idea of consumer's surplus propounded by Marshall.
4. Define elasticity of demand Explain different methods of its measurement.
5. How is price determined under perfect competition?
6. 'Critically discuss liquidity preference theory of interest.
7. Evaluate the marginal prodvetiority theory of distribution.
8. 'Discuss Marshall's idea of economic welfare.
9. Discuss the nature of economic laws.
10. Write notes on any two of the following:-
Price mechanism
Difference between micro economic and macro economics
Law of diminishing returns
Monopoly