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Posted By: kewal singh paneser Member Level: Diamond Posted Date: 25 Aug 2007
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2007 Punjab Technical University M.B.A Business Administration managerial economics Question paper
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PUNJAB TECHNICAL UNIVESITY, JALANDHAR MANAGERIAL ECONOMICS (MB 105) MAY 2K7
Max marks 60 Time 3 hours Q No. 1 carrying 20 marks is compulsory. Attempt any other 4 questions each of which carries 10 marks. I (a) Limitations of Macro-analysis (b) Giffin Goods (c) Cross demand (d) Net national product (e) Disposable income (f) Marginal revenue (g) Price line (h) Monopolistic competition (i) Reserve price (j) Cost push inflation
II What are indifference curves? Explain the effect of an increase in money income on a consumer on his consumption of (i) normal good, and (ii) inferior good, other things being equal. Illustrate with diagrams.
III Define macroeconomics. What is its place in economic theory? How is it different from macro-economics?
IV What do you understand by the term ‘National Income’? What are the various methods of estimating national income? Point out its imperfections.
V Explain the concept of multiplier and its role in the theory of employment. Also describe the limitations and leakages of multiplier.
VI discuss what you consider to be the most satisfactory explanation of a trade cycle. What measures should be adopted to fight business fluctuations?
VII What are the causes of inflation? Discuss the various monetary and fiscal measures to combat inflation?
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