Principles And App Of Econ Dec 2002

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. Total No. of Questions: 8 ]

[ Total No. of Printed Pages : 2

475/2002 B. E. (Third Semester) EXM.1INATION, Dee., 2002 (New Scheme)

(Computer Engg.) PRINCIPLES AND APPUCATIONS OF ECONOMICS (HUM201-C)

Time: Three HOUTS )

[ Maximum Marks: 100

Note: Attempt five questions in all. Question No. 1 is compulsory. 1.

Answer any ten questions in short : (a) Nature of Economic Problem 2 each (b) Equilibrium-Static and Dynamic (c) Demand Schedule (d) Factors of Production (e) Fixed vs Variable cost (f) Diseconomies of scale (g) Characteristics of monopoly market (h) Globalisation of India., i'::COnomy (i) Law of Demand and its exceptions G) Macro Economics (k) Economics as a Science (l) Relationship between Economics and Engineering P. T. O.

[ 2

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2.

Critically examine the welfare concept of Economics with its merits and demerits. 20

3.

Defme law of Equi-Marginal utility with its limitations and practical importance.

4.

Defme Demand Forecasting. Also discuss its various methods with their merits and demerits.

5.

20

Explain the Law of Retum to Scale in detail explaining its limitations and applications.

6.

20

Write short notes on any three of the following: (a) Scarcity Concept of Economics

20 7,7,6

(b) Elasticity of Demand (e) Production Possibility Curve (d) Law of Variable Proportion 7. 8.

What are the various types of market? Discuss their main features in biref. 20 Write short notes on the following :

10,10

(a) Privatisation-its merits and demerits (b) Division of Labour-meaning, merits and demerits

47512002

4,300