MICRO ECONOMIC (HRM-106)

SESSION: 2019-2020 (1ST YEAR 2ND SEMESTER)

COURSE ASSIGNMENT OUTLINE

1ST CHAPTER - (ROLL 1 - 10)

INTRODUCTION –( Book-chapter: 01 & 02)
1. Definition of Economic.
2. What types of Fundamental Problem facing an Economy?
3. Define the concept of Micro-Economic.
4. Explain the Importance of Micro-economic?
5. Discuss the limitation of Micro-Economic.
6. Explain the Need for integrating Micro and Macro Economic?
7. Discuss the Method of Economic.
8. Is Economy Positive or Normative?
9. Discuss about Opportunity cost.
10. Is Economy Science or Arts?

2ND CHAPTER - (ROLL 11 - 20)

UTILITY ANALYSIS OF DEMAND -( Book-chapter: 05)
1. Law of diminishing Marginal utility and its limitation of the Law.
2. Marginal utility.
3. Law of EQUI-MARGINAL UTILITY and its Limitation.
4. Definition of demand.
5. Types of Demand.
6. Law of Demand.
7. Limitation of the Law of Demand.
8. Demand Curve.
9. Causes of change in Demand.
10. Shortcoming of the utility analysis.
3RD CHAPTER - (ROLL 21 - 28)
ELASTICITY OF DEMAND -(Book-chapter: 11)
1. Meaning of Elasticity and elasticity of Demand.
2. Elastic and Inelastic Demand.
3. Types of Elasticity.
4. Factor determining price elasticity of Demand.
5. Measure of Price Elasticity of demand.
6. Price elasticity and indifference curve technique.
7. Practical application of elasticity of demand.
8. Explain the theoretical importance of Elasticity of demand.

4TH CHAPTER - (ROLL 29 - 38)

FACTORS OF PRODUCTION –( Book-chapter: 13)
1. Definition of production.
2. Factors of production.
3. Concept of Land & peculiarities of Land.
4. Concept of Labor & peculiarities of Labor.
5. Factor determining efficiency of Labor.
6. Division of Labor.
7. Advantages and disadvantages of Division Labor.
8. Explain Localization of industries and Causes of Localization.
9. Meaning of capital formation.
10. Why low capital formation in under-developed countries.
5TH CHAPTER - (ROLL 39 - 43)
LAWS OF RETURN –( Book-chapter: 18)
1. Explain the Law of diminishing return with its three aspect.
2. Law of variable proportions and the assumption of the law of variable
proportions.
3. Limitation of the Law of diminishing return.
4. Law of increasing Returns. Why the Law of increasing Returns operates.
5. Distinction between laws of returns and returns to scale.

6TH CHAPTER - (ROLL 44 - 53)

MARKET AND MARKET STRUCTURE-(Book-chapter: 22)
1. Meaning of Market.
2. Size of Market.
3. Classification of market.
4. Perfect market and imperfect market.
5. Condition of perfect market.
6. Market Forms or Market Structures.
7. Pure competition.
8. Perfect competition: conditions.
9. Imperfect competition.
10. Criteria for classification of market.

NB:
Assignment Marks: 10 [Group wise]
Presentation Marks: 10 [Individually]
Mid Exam: 2 × 10 = 20