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Describe critically Fisher’s Quantity Theory of Money. Describe the causes and measures to control inflation.
How are the IS-LM functions derived? How do they describe the general equilibrium in the product and money markets. Explain Keynes psychological law of consumption.
Write a detailed note on Stopler-Samuelson theorem. Describe Hechscher-Ohlin theory of international trade.
Describe the importance of foreign trade for economic development of an economy. Briefly explain the needs for capital intensive technology.
State and describe the law of diminishing marginal utility. What are the controls over monopolist from charging a very high price? What do you mean by Pareto optimum?
Show that the exponents of Cobb-Douglas production function are a measure of the factor share in output and also the elasticity of output with respect to the factor.
Describe the role of nationalized banks on the development of Industries. Explain the means and ways to eliminate regional imbalance.
Describe the nature and significance of Managerial Economics. Examine the different methods of demand forecasting. Evaluate the limitations of break even analysis for decision making.
Using suitable diagrams describe and illustrate how a firm under monopolistic competition reaches equilibrium in the short run and in long run. Describe the different pricing strategies of firms und
Make a distinction between price, income and cross elasticity of demand. Would you agree that, in order to maximize total revenue, the manager of a supermarket must understand and apply the concept
Describe the causes for market failure in the environmental context. Describe the tragedy of common property. Explain the steps involved in cost-benefit analysis.
Analyse “J.B.Say’s Law of Market”. How do IS and LM use to find out the general equilibrium analysis? Describe the objectives of Macro Economic Policy.
Analyse the differences between internal trade and international trade. Describe the Comparative Cost Theory of International Trade. Describe the different measures of exchange control.
Compute Karl Pearson’s co-efficient of skewness for the following data: 25, 15, 22, 40, 26, 25, 23, 25, 20.
Describe the procedures of Registration of Partnership in the Business Organization. What are the different classes of shares and debentures?
How do returns to scale and returns to factor influence the shapes of the AC in Long-run and short-run correspondingly?
What do you understand by the term equilibrium National Income and to what extent is economic growth advantageous to economy?
Write down significance of demographic transition theory. Describe the basic concepts of national income.
Which costs in the table of accounting information are relevant for making short-run economic decisions regarding the production mix of widgets? Explain and show.
Planning and management of ICT projects have a very poor record in developing countries. In brief describe the different success (enablers and drivers) and failure (barriers and inhibitors) ca
Illustrate the relevance and pertinence of the eclectic paradigm as a general framework for explaining international production in today’s globalised world.
Illustrate the Durbin-Watson test and comment on its usefulness for autocorrelation. Illustrate the term heteroscedasticity, emphasising on problems that it represents for Ordinary Least Square (OLS)
Explain why a country’s development strategy should comprise plans for attaining agricultural progress and rural development.
Evaluate the strength of Human Development Index as accurate measure of standard of living in country.
Illustrate the keynesian and monetarist views of inflation? Describe the different monetary measures which are available to Central Bank, giving the advantages and disadvantages of each.