Prin & App Of Econ 2004

2.

Roll No ........................... .

475/2004 B. E. EXAMINATION (Third Semester) COMPUTER ENGINEERING

HUM-201-C Principles and Applications of Economics

TIme: Three Hours Maximum Marks: 100

Note: Attempt any Five questions. Q. No. 1 is compulsory. Before answering the question-paper candidates should ensure that they have been supplied to correct and complete question-paper. Complaints in this regard, if any, will not be entertained after the examination. 1.Answer any ten questions ;

2 xl 0

(a) Characteristics of wealth concept of Economics (b) Difference between micro and macro economics (c) Characteristics of Utility ~llU:J;) e

.l~pun uo ~.1 S1:l:lU:lp 11 'SPlI:l :ll{l 111

Ins ,(tdw~s S! jjuO{ w 5;.1 Juq panOl WJoJ~n V (q)

L _________________1

2 xl 0

6.Write notes on the following :

475/20n4

(b) Opportunity cost, with suitable example.

average cost in the short run.

(u) Relationship between fixed cost, variable cost and

20

piscliss in detail the law of variable proportion with

5.

its practical applications.

Define elasticity of demand. Discuss the various methods of measuring it. 20

4.

Discuss its practical applications.

20

Critically exaIEine the scarcity concept of economics in detail. ' 20

3. What is Law of Diminishing Marginal Utility ?

3.

(I) Define marginal productivity.

Define production

U) What is Privatisation ? (k)

, (i) Define Oligopoly

Law of Supply

(g) Meaning of Market (h)

Cost

Forms of division of labour (f) Real

(d) Income elasticity of demand (e)

l

iT

••

ally prevail in real environment?

.• .:;: t

",20

tic competition market. Which of tbeSe'foiirts a~~< ,

9.

..•.

.. ,',-:.-i,'

-':._~ ..••.

';,i:i' ';',2,0 ..

'.~

.•..• "'

Privatisation-merits and demerits.

(c) Law of supply and its exceptions '(d)

(b) Division of Labour

logy and economic development

'-'

'"

.. -..' ....

Relation between Science, EngineerinS',j'echn"o-':' '

Write short notes on any two of the folloWing: 2xlq , (a)

'

,dian Economy in detail.

;.~. " .,' :

Differentiate the Perfect Competition and MQI1
8. Discuss in detail the nature and characteri~6s of "In-

7.

.• :"",--,,:.4

<'<"~'~

"cr1'~

,,;;.:"i"j.{:;.- ••• p,,-:

2

, (~~>:...tJ-ob.gl.P

G-475/2004

3

~: "",,:,~~.~~, ~'~~~i;'fi,~.