Einstein College of Engineering, Tirunelveli-12

Einstein College of Engineering, Tirunelveli-12

INTERNAL ASSESSMENT TEST- III

INTERNAL ASSESSMENT TEST- III

DEPARTMENT OF MANAGEMENT STUDIES

DEPARTMENT OF MANAGEMENT STUDIES

BA7103 ECONOMICAL ANALYSIS FOR BUSINESS

BA7103 ECONOMICAL ANALYSIS FOR BUSINESS

Time: 03 hrs
Date: 10/12/15

Maximum: 85 marks

Time: 03 hrs
Date: 10/12/15

Maximum: 85 marks

Answer ALL questions

PART - A

Answer ALL questions

(10*2=20 marks)

PART - A

(10*2=20 marks)

1.

Define economics and economic efficiency.

1.

Define economics and economic efficiency.

2.

What are the economic environment encircle on business?

2.

What are the economic environment encircle on business?

3.

What are the fundamental economic problems?

3.

What are the fundamental economic problems?

4.

What is Production Possibility Frontier?

4.

What is Production Possibility Frontier?

5.

Define market equilibrium and consumer equilibrium.

5.

Define market equilibrium and consumer equilibrium.

6.

Brief inflation with unemployment.

6.

Brief inflation with unemployment.

7.

Define aggregate demand and aggregate supply.

7.

Define aggregate demand and aggregate supply.

8.

Define Fiscal Policy & Monetary Policy and list out its components.

8.

Define Fiscal Policy & Monetary Policy and list out its components.

9.

Brief the concept of Okuns Law.

9.

Brief the concept of Okuns Law.

10.

Define Philips Curve.

10.

Define Philips Curve.

PART - B

(5*13=65)

11. a. What is inflation? What are the causes for raising inflation and

How you can reduce the inflation? (or)

b. Enumerate the Short-run and Long-run Supply Curve.

PART - B

(2*13=65)

11. a. What is inflation? What are the causes for raising inflation and

How you can reduce the inflation? (or)

b. Enumerate the Short-run and Long-run Supply Curve.

12. a. Define National Income & explain its components. (or)

b. Define aggregate demand & supply. What are the

components of aggregate demand & aggregate supply?
12. a. Define National Income & explain its components. (or)

13. a. Define Pricing. What are the different types of pricing and
explain the factors influencing in pricing. (or)

b. Define aggregate demand & supply. What are the

components of aggregate demand & aggregate supply?

b. Define cost analysis. What are the different types of cost?

14. a. Define Market Structure. What are the different kinds of
market structure. (or)

13. a. Define Pricing. What are the different types of pricing and
explain the factors influencing in pricing. (or)
b. Define cost analysis. What are the different types of cost?

b. Define Production function. Explain it with one variable and

two variable input?
15. a. Explain Micro and Macro economics with economies and
diseconomies of scale. (or)
b. What is demand forecasting? Explain the different types of
demand.

14. a. Define Market Structure. What are the different kinds of

market structure. (or)
b. Define Production function. Explain it with one variable and
two variable input?
15. a. Explain Micro and Macro economics with economies and
diseconomies of scale. (or)
b. What is demand forecasting? Explain the different types of
demand.