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

    Paper/Subject Code: 83013/Business Economics-VI

TYBCOM SEM-6 : 

Business Economics-VI 

(Chapter wise Most Imp Questions with Solutions)

Chapter-1 Managerial Economics – Nature & Scope

Long Answer 

• Explain the nature and scope of Managerial Economics.

• Discuss the relationship between Economics and Management.

• Explain the role of a managerial economist in decision-making.

Short Notes

• Micro vs Macro economics

• Normative vs Positive economics

• Opportunity cost

• Incremental principle

Chapter-2  Demand Analysis & Forecasting

Long Answer

• Explain the law of demand with assumptions and exceptions.

• Derive and explain the concept of elasticity of demand.

• Methods of demand forecasting in business.

Numerical (Very Important)

• Calculate price elasticity of demand.

• Arc elasticity formula problems.

• Income elasticity calculation.

Short Notes

• Factors affecting demand

• Cross elasticity

• Demand function

• Uses of demand forecasting

Chapter-3 Production & Cost Analysis

Long Answer

• Law of variable proportions with stages of production.

• Law of returns to scale.

• Explain short-run and long-run cost curves.

Diagrams Important

• MC, AC, AVC curves

• Economies and diseconomies of scale

Numericals

• Break-even analysis

• Cost output relationship

Short Notes

• Internal and external economies

• Isoquants and Isocost

Chapter-4 Pricing Under Different Market Structures

Perfect Competition

• Features of perfect competition.

• Price determination under perfect competition.

• Short run and long run equilibrium of firm.

Monopoly

• Features of monopoly.

• Price discrimination types.

• Equilibrium of monopolist.

Monopolistic Competition

• Features and equilibrium.

• Selling cost concept.

Oligopoly

• Features of oligopoly.

• Kinked demand curve model.

• Cartel and price leadership.

Chapter-5 National Income

Long Answer

• Methods of measuring national income.

• Difficulties in measuring national income.

• Circular flow of income.

Short Notes

• GDP vs GNP

• NNP and NDP

• Personal income and disposable income

Numericals

• National income calculation problems

Chapter-6 Business Cycles

• Meaning and phases of business cycle.

• Causes of business cycles.

• Measures to control business cycles.

Short Notes

• Inflation

• Deflation

• Stagflation

Chapter-7 Monetary Policy & Fiscal Policy

• Objectives and tools of monetary policy.

• Quantitative and qualitative credit control methods.

• Objectives of fiscal policy.

• Role of central bank in economic development.

Short Notes

• Repo rate

• CRR and SLR

• Budget deficit

Chapter-8 International Trade & Balance of Payments

• Theory of comparative cost advantage.

• Balance of payments: components and disequilibrium.

• Measures to correct BOP deficit.

• WTO and its functions.

Short Notes

• Exchange rate

• Devaluation

• Free trade vs protection