TYBCOM SEM-6 : Business Economics-VI (Most Imp Questions with Solutions)

   Paper/Subject Code: 83013/Business Economics-VI

TYBCOM SEM-6 : 

Business Economics-VI 

(Most Imp Questions with Solutions)

 Long Answer Questions 

1. Explain the Law of Demand with assumptions and exceptions.

2. Explain Elasticity of Demand and its types.

3. Discuss the Law of Variable Proportions with diagram.

4. Explain Returns to Scale.

5. Short-run and Long-run Cost Curves with diagram.

6. Price determination under Perfect Competition.

7. Equilibrium of a firm under Monopoly.

8. Features and equilibrium under Monopolistic Competition.

9. Explain Oligopoly and Kinked Demand Curve.

10. Methods of measuring National Income.

11. Phases of Business Cycle.

12. Objectives and tools of Monetary Policy.

13. Objectives and instruments of Fiscal Policy.

14. Explain Balance of Payments and its components.

15. Theory of Comparative Cost Advantage.

 Very Important Numerical Topics 

1. Price Elasticity of Demand calculation

2. Income Elasticity and Cross Elasticity

3. Break-even Analysis

4. Cost-output table (TC, AC, MC calculation)

5. National Income calculation

Asked Short Notes (5 Marks)

• Opportunity Cost

• Demand Forecasting methods

• Economies and Diseconomies of Scale

• Isoquants and Isocost

• Price Discrimination

• Cartel and Price Leadership

• GDP, GNP, NNP

• Inflation and Deflation

• Repo Rate, CRR, SLR

• Devaluation and Exchange Rate

 If You Want to Score 70%+

• Elasticity (with formulas)

• Production laws (with stages and diagrams)

• Market structures comparison

• National income methods

• Monetary policy tools