Nalanda Open University is a university at Patna in Bihar state, India.

It is the only university in Bihar providing education through distance and open education.

1. Discuss Adam Smith’s definition of Economics.

2. What do you mean by Inductive and Deductive methods of economic study ? Discus their merits and demerits.


3. Define elasticity of demand. Describe different methods of its measurement.

4. Criticaly evaluate the concept of consumer’s surplus given by Marshall.

5. Discuss the law of variable proportions.

6. Discuss u-shape of the average cost curve.

7. Describe equilibrium of a firm under perfect competition.

8. What do you mean by price-discrimination ? When is it possible and profitable ?

9. Do you agree that total utility is maximum when marginal utility is zero ?

10. Write note on any Two of the folowing :—

(a) Micro Economics

(b) Economic Model

(c) Marshalian time eleme









Address:


Nalanda Open University
2nd/3rd Floor, Biscomaun Bhawan,
Gandhi Maidan, Patna, Bihar 800001
Phone: 0612 220 6916

Attached Files

Nalanda Open University looking for the previous year question papers for the MA Economics Part.pdf (262.7 KB, 65 views)