Gauhati University Question Papers for Economics 1st Semester
Gauhati University Question Papers for Economics 1st Semester
Question Paper from 2010 available
More than 50 question papers every semester
Please check your syllabus before downloading the question paper.
If syllabus does not match then don't download the question paper.
Year
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Paper 101
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Paper 102
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2010
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2011
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2012
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2013
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2014
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2015
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More than 50 question papers every semester
Syllabus Down here
M 104
MICROECONOMICS I Unit 1: INTRODUCTION
The
Economic Problem- Scarcity and Choice; Concepts of Equilibrium - Stable and
Unstable,
Static,
Comparative Static, Dynamic, The Basic
Market Model; Interfering with the market versus
working through the Market.
Unit 2:
CONSUMER BEHAVIOUR AND DEMAND
Utility:
Cardinal versus Ordinal;
Indifference Curve -
Assumptions and Properties;
Consumer’s
Equilibrium; Price Effect-Income Effect, Substitution Effect; Engel’s Curve;
Derivation of the Demand Curve; Giffen Paradox; Merits and Limitations of
Indifference Curve Analysis; Consumer’s Surplus and Applications and
Limitations of the Concept.
Unit 3:
THEORY OF PRODUCTION AND COST
Organisation
of Production; Production Function and its related concepts; Total, Average and
Marginal
Products and the Law of Variable Proportions; Production with two variable
inputs- Isoquants; Factor Elasticity of Substitution; Returns
to Scale; Least cost input combination; Expansion Path; Contract Curve
and the derivation of Production Possibility Curve; Cost of Production; Types
of Costs- Money Cost, Real Cost, Explicit Cost, Implicit Cost, Sunk Cost,
Opportunity Cost, Private Cost, Social Cost; Cost in the Short Run- Fixed Cost,
Variable Cost, Total Cost, Average Cost, Marginal Cost and their
interrelation; Derivation of the Long Run Average and Marginal Cost Curves;
Economies and Diseconomies of Scale.
Unit
4: OUTPUT DECISIONS AND PROFIT MAXIMIZATION
Revenue:
TR, AR, MR; Relation between AR, MR, Elasticity of Demand; Comparing Costs and
Revenues
to maximize Profit.
M 105
MACROECONOMICS 1
Unit 1:
NATIONAL INCOME ACCOUNTING:
Basic
Economic Activities-Production, Consumption, Capital Accumulation; Circular
Flow of Income in a two sector economy; Concept of National Income and related
aggregates, Approaches to measuring National Income, Components of
National Income; National Income and Economic Welfare;
Unit 2:
THEORIES OF OUTPUT AND EMPLOYMENT:
Classical
Theory, Keynes’ objections to classical theory, Theory of Effective Demand;
Simple Keynesian model of Income Determination
Unit 3:
CONSUMPTION FUNCTION:
Keynesian
Consumption Function, Technical attributes of Consumption Function, limitations
of Keynesian Consumption Function, Factors affecting consumption function.
Unit 4:
INVESTMENT FUNCTION:
Meaning
of Investment, Marginal Efficiency of Capital, Marginal Efficiency of
Investment,
Relation between MEC and MEI Determination of volume of investment
Accelerator
Theory; Theory of Multiplier; Concept of super Multiplier.
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