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Describe the Wagner’s law of increasing state activity.
What do you mean by terms of trade? Describe the nature of terms of trade between agricultural and non-agricultural prices.
Assume that the demand of butter rises from 20 to 25 when its price reduces from Rs 100 to Rs 80. Assume also that the demand for margarine reduces from 30 to 26.
What do you understand by the term merit goods? What is government’s responsibility in redistribution? Why might government intervene in the market’s allocation of resources, even when it
What are the major reasons explaining systematic failures of government? What are the principal reasons why markets fail to produce efficient outcomes? Explain the characteristics of efficient tax sys
Make the strategic-form game for the above strategic bidding problem. Describe the dominant strategy and the Nash equilibrium of game. The government is the big winner in this case. Describe why.
Make a distinction between exogenous and endogenous variables, using relevant examples. Make a recursive model (three-equation system) and describe why OLS can be applied to each equation separately?
Derive and illustrate the Dorfman and Steiner condition for optimal advertising. Outline how marginal revenue productivity (MRP) theory recommends that level of wages in an industry is determined unde
Describe the different components in budgetary process of Mauritian Government. How will you justify present budget deficit?
Why is the Net Present Value considered as the most excellent method of evaluation? Outline and illustrate the various steps you will undertake to assess the feasibility of a public project.
What distinguishes Keynes’ Liquidity preference Framework from the Friedman’s Modern Quantity Theory? Evaluate the monetary policy tools which the Central Bank can use to manipulate the mo
Environmental economics change with the land use patterns. Describe with the status of Urban Forestry in the Metros.
Derive GGC’s marginal revenue (MR) and marginal cost (MC) curves in each market. Show graphically GGC’s demand, MR, and MC curves for each market.
Now that you are an expert on elasticity’s, what do you think would be the best time of year to raise prices, and why?
Mention the fixed and variable cost in shipping industry? Explain the nature and scope of the managerial economics? Describe the measures to correct the disequilibrium in balance of payments?
Illustrate out the Break Even Analysis. Describe the two techniques of computing Break – Even Point with illustrations. Explain the Price-output determinative under Oligopoly Market.
What do you mean by National Income? Describe the methods of computing National Income.
Briefly describe the term Material Balance model. Describe different techniques of Managerial Economics?
In the next three months the firm can sell only 15,000 units at a price of Rs. 30 per unit. Alternatively, if the plan is shut down, the fixed manufacturing costs can be decreased to Rs. 60,000. Add
Explain the Modern theory of the international trade. Describe the case for and against floating exchange rate?
What do you understand by ‘History of Economic Thought’? Explain the concept of materialistic interpretation of history as envisaged by the Karl Marx.
What are the aims and merits of Advertising? What are the attributes of a better advertisement copy? Describe the monetary theory of the trade cycle.
Give Explanation for the function of Public opinion in identification of policy issues. Describe the collection of information for the policy analysis.
What is the significance of Agriculture in the Indian economy? Describe different modes of transportation systems in the India.
What are the advantages and disadvantages of NPN method of capital budgeting?