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    The document contains an assignment for a 1st semester economics course. It lists 11 long answer type questions covering topics like the law of demand and supply, demand curves, substitute and complementary goods, Ricardian rent theory, Marxian and Rostow's models of economic growth, the vicious circle of poverty, the functions of the Reserve Bank of India, and fiscal policy and its components. Students are asked to answer all 11 questions in detail for the unit on economics.

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    The document contains an assignment for a 1st semester economics course. It lists 11 long answer type questions covering topics like the law of demand and supply, demand curves, substitute and complementary goods, Ricardian rent theory, Marxian and Rostow's models of economic growth, the vicious circle of poverty, the functions of the Reserve Bank of India, and fiscal policy and its components. Students are asked to answer all 11 questions in detail for the unit on economics.

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    © All Rights Reserved
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    5 views1 page

    Assignment Unit II

    Uploaded by

    257amitshuklabhu
    The document contains an assignment for a 1st semester economics course. It lists 11 long answer type questions covering topics like the law of demand and supply, demand curves, substitute and complementary goods, Ricardian rent theory, Marxian and Rostow's models of economic growth, the vicious circle of poverty, the functions of the Reserve Bank of India, and fiscal policy and its components. Students are asked to answer all 11 questions in detail for the unit on economics.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Assignment

    B.A.LLB – 1st Semester

    Economics-I (BL-1004)

    Unit-II

    Answer the following Questions. (Long Answer type questions)

    1. Explain “Law of Demand” and “Law of Supply” with assumptions and


    diagram.

    2. Why demand curve is downward sloping?

    3. Differentiate between “increase in demand” and “expansion of demand”.

    4. Write a brief note on Substitute goods and Complimentary goods.

    5. Explain Ricardian Theory of Rent.

    6. Explain Marxian Model of Economic Growth with its assumptions.

    7. Explain Rostow’s Theory of Economic Growth.

    8. What do you understand by “Vicious Circle of Poverty”?

    9. What is the function of RBI?

    10. Briefly explain Qualitative and Quantitative tools of Monetary Policy.

    11. What is Fiscal Policy? What are its Components?

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