Total Pages —6 ECO—C-VIII UG 4th Semester Examination, 2023 (R & B) Subject: ECONOMICS Paper — C-VIII Full Marks : 80 Time : 3 hours Answer all questions The figures in the right-hand margin indicate marks Candidates are required to give their answers in their own words as far as practicable PART —I 1. Answer ail the questions. Fill in the blanks: 1 x 12 (a) AL" “firm believes to that it will sell nothing if it changes a price higher than the market price. (6) In case of a competitive firm, marginal revenue is simply the (Turn Over )— cz) ‘ (©) The payments toa factors of production that are in excess of the minimum payment neces sary to have that factors supplied is known as (@) The eof production possibility fron- tier shows how one output can be substituted for another output when resources are held constant. (e) The allocation in a competitive equilibrium is economically Ait O) <\finction refers to weights applied to each individual's utility in determining what is socially desirable. hx (g) Monopoly has no well-defined 2‘ " curve. (h) First degree price discrimination is other- wise known as _2:0.2\’/price discrimination. ° (i) The only pure strategy Nash equilibrium of the psic® game is A’ = Py =C. ()_ Rule of plan of action for playing a game is known as SitLoste, ECO- C-viNl (Continued) - (3) (4) 210%? ig a set of strategies such that each player is doing the best it can given the actions of its opponents. (D Nash equilibrium of a game is that it does not necessarily lead to iv PART-II Answer any eight of the following within two or three sentences : 2x8 © What is equilibrium in economics ? sk sis (0) When a market is sai rs oS is said to be purely competi- 2 What is zero profit 2 @ What do you mean, by efficient allocation ? (€) What is the rat a races rate of production transforma- D. . o efine Pareto efficient allocation. terme Welfare function in mathe ical ECO- c-vint (Turn Over(4) (4) What is 2nd degree price discrimination ? (i) What is pure strategy ? a () What is zero sum game ? aL PART — IT 3. Answer any eight of the following questions within 75 words : 3x8 (@) Write a note on inverse supply function. (6) Distinguish between profits and producer's surplus. (©) Write a note on economic rent. (d) Distinguish between partial equilibrium and — general equilibrium. (©) What is rate of production possibility fron- tier ? : Dp How opportunity cost is related to supply ? (g) What do you mean by regulation of mono- = poly? o ECO- C-VI (Continued) (5) (h) What is price leadership ? ixed o Distinguish between pure strategy and mixe - strategy: , 9 Distinguish between zero sum game and Cons . / _ tantsum game. PART —IV ‘Answer the following questions within 500 words 5 ca 4. Briefly explain the supply decision of a competi- tive firm with its exception. Or 7, “ Long run supply curve takes different shapes in different cost conditions. Elucidate. 7 5. Briefly explain the second theorem of welfare economics and state its implications. 7 Or — Explain the efficiency in production with the help of Edgeworth box. 7 ECO- C-VIII ( Turn Over )(6) 6. Explain how a monopolist maximizes its output and profit. 7 Or Explain the Cournot's model of duopoly, illustrate graphically that price is determinate and stable in Cournot's model of duopoly. a 7. Write short notes on : 34x 2 @_ Payoff matrix (Gi) Sequential games. Or A Nash equilibrium is a set of choices for which each Player's choice is optimal, given the choices of others. Elucidate. 7 ECO- C-VIII . | RC-200ry Total Pages —6 ECO— C-IX UG 4th Semester Examination, 2023 (R & B) Subject: ECONOMICS Paper -- C-IX Full Marks : 80 Time : 3 hours Answer all questions The figures in the right-hand margin indicate marks Candidates are required to give their answers:in their own words as far as practicable " PART=I 1. Answer all questions (Fill in the blanks): 1 x 12 (a) The Solow growth model depicts interaction _ among growth of. , labour force and advances in technology. (6) The supply of goods in the Solow model depends on capital stock and z ( Turn Over )(2) (©) Solow model assumes continuous full employment and prices. (@d) At the steady state the amount of deprecia- tion equal the amount of. ~ (e) A nation has trade relations with other nations and has financial flows to and from foreign nations in economy. . @ -Net exports are__if domestic spendi exceeds output. re (g), —_— expansion under floating exchange Tate lower the exchange rate and raises income. Ai Keynesian under employment equilibrium occurs due to interest-inelastic function. — (@ Functional equality between savings and investments takes place only at level of income. ; " @). Thenew classical economics is a fundamental attack on theoretical system. CO— C-IX : (Continued ) (3) (k) The real business cycle theory attributes to explain economic fluctuations of business cycles. () The shape of LPC is PART-II 2. Answer any eight questions in two or three sentences each : 2x8 (@) What is consumption of fixed capital (0) What is induced investment 7 pee (©) What is the source of demand for goods in the solow model ? (@) What is solow residual ? pe (e) What is trade balance ? eae ) What is net-capital out flow ? (g) What is autarky 2 -_ ”& What is Keynesian cross ? ECO- C.1X (Turn Over )(4) (@_ Whatis seigniorage 2 Q). What is Lucas model? PART — I 3. Distinguish between any : within 75 weeds ete following 4 x @ ,Financial and real investment. (Actual and natural real GDP. (c) Supply of goods and demand for goods in the solow model. (d) Exogeneous and endogencous factor of ‘growth. (e) Autonomous and accomodating transaction. O, Semrent and capital account. (g) Money on wings and sittings (A)_Short-run and long-run Phillips curve. (9, Rational and adaptive expectations. ECO- ox 7 (Continued ) (5) (/) Devaluation and revaluation. A PART —IV ‘Answer all questions within 500 words : 7x4 4. Examine the importance of the golden rule level of capital to maintain steady state in the solow model. Or Critically examine the importance of tech- nological progress to explain sustained economic growth in the Solow model. ‘What iis Balance of payments ? How does it balance © in accounting sense ? Or < * Examine the effectiveness of fiscal policy and * monetary policy under floating exchange rate. 6. ‘Fisher's equation of exchange is altruism in the ex-post sense only'. Examine. P= Co » (Turn OverCo7 Or ‘Keynes’ principle of effective demand furnishes an explanation of poverty in the midst of potential plenty’. Examine. 7. Explain orthodox monetarist school approach to the expectations-augmented Philips curve analy- sis. : Or Discuss the structure of new classical models.Total Pages -7 ECO—C-X UG 4th Semester Examination, 2023 (R & B) | Subject : ECONOMICS Paper —C-X Full Marks : 80 Time : 3 hours Answer from all the Parts as per direction The figures in the right-hand margin indicate marks Candidates are required to give their answers in their own words as far as practicable PART —I 1, Answer all questions each in one word or two words : 1x12 (a) EX-post facto research is otherwise known as research. (6) Which sampling is appropriate when the population does not constitute a homoge- neous group ? ( Turn Over )(2) | (3) rch when itis i as (c) Inwhich research approach an arti s used in res? N | What term i jal values ? environment is created to generate relevant | © conducted on moral and soci | information and data. ° | two footnotes | ich word is substituted ee t necessary (d) What is the first step in a research Process ? o ety the same work 08 7 a ch for the | refer lete referen (e) Name the variable that is not related to the to repent the com? Purpose of study, but may affect the depen- second? dent variable. PART - Il ( Which group is exposed to usual conditions each within two oF in an experimental hypothesis testing ight questions, 2x8 research ? Lagi sue : three : tal research? (g) Which research design is based on the prin- at do youmean BY 1 ciples of replication, randomisation and g ing. local control ? . eating quotasamplin working ing a about developing (h) What term is used to state the’ statistical (How does one 89 constants of the population ? hypothesis ¢ good research. . riteria of 8 (Which scale has an absolute or true zero of (@) Write down the? measurement ? i What isa research problem 2 . O ; ques () Which variable is represented when code 2 fline the important scaling techn numbers are given to the religion of persons ? ws (Turn Over) ECO-C-X (Continued) Eco-C-X(4) Ove is experience survey helpful in research ? 2) ©) What do you mean by participatory research? @ Give tw. aig ‘© examples of common citation @) What is the Purpose of reviewing literature it PART — 11 ‘Answer any eight questions, la aa words : ach within 75 3x8 (a) tinguish between research methods and research methodology. (8) What qualities are to be possessed by agood researcher ? (Geer lain research motivation. Ora techniques are used in defining a _Fesearch problem? _ O-X (Continued ) (5) @ Brphen why a research design is prepared. ore jiscuss the objectives of research. (2) Distinguish between experimental and control groups. (2) Write a note on IPR. yen is plagiarism in the context of r ‘esearch ? Dora is the significance of report writing ? x PART —IV Answer all questions, each within 500 words : 7x4 4. Explain the basic principles of experimental designs. 7 Or ‘Empirical research creates so many problems. ECO-C-X (Turn Over )eee ite Tome ont ae (7) (6) Or for the researcher’, “State and explain the ort Problems that are usually faced by a researcher. Explain the significance of research rep ‘Pp! att rt. : in writing a repo ; ‘ious steps in writ 5. Discuss the necessity of defining a research and narrate the vari Problem. Or ¢, Research design in exploratory studies must be flexible but in descriptive studies it must minimise bias and Maximise reliability.’ Discuss, \_& Explain the possible sources of measurement eiror. Or Explain various measurement scales used in Social science research, Point out their merits all relevant, Points. RC -200 as (Contin -ECO-C-x