Economics

Tentative questions

S.No. Question Page number

What is shift in supply curve?
What are the variables shift 73-76
1 the supply curve?

How the Price Elasticity is

calculated? Name some
89-91
determinants of price
2 elasticity of Demand?

What is price Ceiling and

how it affects the market
111-113
outcome? ( Explain it with the
3 graph)

How to calculate producer

137-138
4 surplus using supply curve?

What is an externality? How

does it affect effective
resource allocation?
196-201
Differentiate between
negative and positive
5 externalities.

Discuss in detail any one of

the public policies aimed at
202-206
regulating marketing
6 externalities.

Who is a free rider? Discuss

two examples of free riders in
7 today's market.

Discuss upon the role played

8 by a cost-benefit analyst.

Explain prisoner's dilemma.

What does the prisoners’
dilemma have to do with 353-355
markets and imperfect
9 competition?
 Compare the long-run
equilibrium under
monopolistic competition to
the long-run equilibrium 335-336
under perfect competition
with the help of graph/
10 diagram.

Explain the difference

between a firm's revenue
11 and it's profit?

Compare the quantity and

price of an oligopoly to those
12 of a competitive market.

Define GDP and explain the

488-489
13 various components of GDP.

How effective is GDP as a

measure of Economic Well- 496-497
14 being?

Define Consumer Price

Index. Describe the 3
problems that make the
509-510
Consumer Price Index an
imperfect measure of the
15 Cost of Living.

Explain nominal interest rate

and real interest rate. How 516-517
16 are they related?

How is productivity
562-565
17 determined?

Explain in detail about

18 consumer surplus.

State and explain 'Coase

19 theorem'.

Enumerate positive
20 externalities.