UNIVERSITY OF THE PUNJAB A/2016 = BAU Micro Economics MAX, MARKS: 100 Attempt FIVE questions in all, selecting TWO questions from Part-I and THREE questions from Part-II, Al questions carry equal marks. 0.1 bitrate betcha the ap of emp (a.10) 1) Lape sdepental tnt, ota inte og eqs Xevter06 aKa lancous equations? Solve Boba wiI tbo Vibiciniy Go witi O Ehuewn desde XEV™= 106 aXe3y=8 (02 ive the informatio: a5) coumsery 1150101 as Ls= 12-200) Me = 300 4. Derive the 18 and LM equations. 0 he equlbrian evel of watonal income and interes ate coms tsoasv Ls-ne-an0 Ms s00 prepare bet baie pabitn gabon honed 0.3 Givn the fing demand funtion: 6559 Qa tsc0sr Then tat 1) Total even fantom 1) Marginal coven function. ip beeen he lope of average revetue and mre fv) Elastity o demand when marginal revenue 20, eV ioe or Ek) Qa ts0sr unre A AG «i = PTO.bb aw Prynliel tints ii a consum as Sopseri Q.4 Given the allowing total wy fone Usxveaxey ‘he price of Commodity Xand are Rei and Rs t2/= respectively and the budge i Rs 212 Find onthe waits ‘1X an Yat whch fot ality masini Azo nd out maim iy eco vexveaxey PEM Lb SAV ake 22a h bonis Wide wired 62 voidtiby wR VEK shri Sakic whie bank E PART (pli he mat fentars of tm economic systm, How doe thls yt sole the problems conronte yan economy a present an te thE tokesr tL bimarp tte Soko UW teLyit 0 Q6 Prove Price Effect = Income Elect + Substitution Effect (10,10) ‘when 1) Commodity enarmal i) Commodity inter Dsuptjataned Shot 1 wei nhtdi £ (0.7 How long period average cot curves obtained fron short period cost curves? Als ilstrate properties o long period average costar. 9 Se ASUE Mei berate UL BL eb pst iebel hey tole .8 What iemonoolii competion? How price ad output are dtermiaed under monopolistic competion? (15) tebe ALM ote BeRL i cindette Ae Aisne ©. 9 Whatismeant by manponer planning? Discuss he ned and role of manpower plan Pet whilenrbeho i torte se ior FeRit 8 on any Tw of the following: (49,10) fn Pakision, (15) 2. 10 Waite comprenensivem 0) Maria nt of cle substation, 4 Deming i) Kink dad eae Ae we tdiee ie at AWA etUNIVERSITY OF THE PUNJAB a Part-I 4/2016 ‘NOTE: Attempt any FIVE questions, All questions carry equal marks. KANE AL a Up he ir Bp i 9 rl BL PSone? ste 2.1 Deserve the mearing of Education. Briel expan the diferent elements of Education. (6+18) Er eiL oti AML on Jrtec 3) 35 tr 2 Compare the Pniosophical houghs of Reconstuctonam and Progressivem Under the folowing points: as) iL Educational Objectives wo? & Teacher wor 4 Curieutum wer Wy. Teaching Methods Bins wa ire ri Ce eter SE HESH ry 3 Wie atleast ary fve characteristics of Islamic Education System which dierent it tom oer systems of education (oa) Pk Pues euid LP Uy 24 Brey describe the Social and Economic Objectives of Education. _(10+10) ete aoe 5 _Ebplain the Educational theory of mam Ghazal (R.A) Eau syd A asin ~Ur 26 Wie down the sant features of Woods Dispatch. Aso describ the intuences of this Dispatch on Educaon System. (10410) wee Sustuberuy ale 7 Wie a comprehensive note onthe Political and Educational Serves of Si Syed ‘Abad Khan, (10+10) Feigao oon 1047p? nd 8 Wit down the recommendations of Educational Conference 1947 and thelr ‘implementation. (20) EPA E ANG Abe 9 Define Curriculum. Write down its importance inthe process of Education. (+15) Lede tence edie (2.10. Wie bef note onthe followings: (010) Ceares ates Péus 1 importance of Masisin Edueaton eet?UNIVERSITY OF THE PUNJAB TIME ALLOWED: 3 in MARKS: "NOTE: Attempt FIVE questions in all, selecting TWO questions from Part-l and THREE questions from Part-I. All questions carry equal marks. "PART ous ubeet root KRe Sup dyolouelralebieh> (LAr Q. 1a) Distinguish between a conditional equation and an Identity. Illustrate your answer with examples fom economics (10) leur dDWLes” | P= 30-29, P=25+12Q -Epbduleddi7 1 Ep MyWii LPR ws, bE + ') The demand and supply functions ofa good are given a:- 6.3) P= 50020, P=25+12Q ji) Determine the equilibrium price and equilibrium quantity il) Determine the effect on the equilibrium if Govt. decides to impose a fixed tax of Rs, 5/- on each unit of 2004. e put Van sradstdhe Ue (2dr ¥=CHlo+Go C= 2045¥ B10 = 14, Go = 16 pb srykPsrybe 53h WO Q.24) Find eg level of National Income and comsumption form the following model (10) YeCtio+G> —Ce20esVhI0 = 14, Go =16 © Find Avg Propetay ooo and Mag Pope aan eel als 55) opca WPL Stevie voici fed apr (Q.3 What are the main rules for finding out the derivatives? Explain the importance of derivatives inte stubject of Economies?eR tObSinel ti (ana Air = 30-0.75Q AC =39Q+9+03Q ee PEK ierst se PLPC Snsgrnbionieh 2 ee Om 2.4 A monopolist faces te fllsvng demand funtion for his prodvet: 6.6.8) : P=30-075Q : ‘and his average cast function is given by AC=30/Q +9+03Q Find level of quantity at whieh: 4) Toul Revenie is Maximum’) Average Cost is Minimim —__) Profits Maximum resp eoverrongudesi~ sr 5 Outline the stent features of Socialist economy and explain the merits and demerits of Socaisim. (15) LerrifeilsmentynePuLvezat ofr 6 What ar intieenc curves? Explain thé equim ofthe consumer with the help of indifirence curve analysis 5) sEcotony Jetedtuirerfemniphesl eH thts Ade. (7 ffow firm ad industry are in equilibrium under perfect competition inthe long un? Explain, (20) stn SnLed ei eiiniita eavesionaie — 8cUr Q.8 What do you mean by oligopoly? Explain the price | leadership ‘model of oligopoly. (8,15). . Bertin Pal GL orivk Fuge ode Q.9 Explain the modern theory of pricing of factors of production, (20) CI oe Q, 10 Write note on the following: 1) Giffen Goods '>) Expansion Path