(Please writ. your ~am Roll No.

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.kam Roll No. •······•• ••• ••• •• ••• ••
EN D TE RM EXAMINATION
FIFTH SEMESTER •TECH JANUARY 202
4
Pap er Code: HS-3 0 l Subject: Economics for Engineers
Time: 3 Hours
Max imu m Mar ks: 75
Note: Atte mpt Jive questions in all includin
g Q. No.1 which fs
compulsory. Select one question from each
unit .
Ql Answer the following ques tions briefly:-
(a) Elab orate reso urce cons train t as an economic
problem. (3)
(b) Just ify how indifference curve help s in
unde rstan ding cons ume r's
choice.
(c) Wha t is oligopoly mark et. (3)
(d) Define NNP, GNP, GDP. (3)
(e) State the Law of Demand. (3)
(3)
UNIT-I
Q2 (a) List the differences between Microeconomics
and Macroeconomics. (5)
(b) List the factors effecting dem and and supp ly.
(c) Expl ain how Prod uctio n Possibility Curve (5)
help s in prod uct choice
decisions.
(5)
Q3 (a) Explain the circu lar flow of income in an
economy. Wha t does it
mea sure ?
(b) Expl ain the elasticity of dem and and supp (8)
ly with example. (7)
UNIT -D
Q4 (a) How Card inal and Ordinal utilityare used
to analyze cons ume r
behaviour. . .
(b) Wha t is dem and forecasting? List the featu (8)
res dem and forecasting.
How it prov es a usef ul tool for decision mak ers.
(7)
Q5 (a) List different meth ods of dem and forec
asting. Explain any two
quan titati ve meth ods of dem and forecasting.
(b) Explain abou t cons ume r equilibrium. (8)
(7)
UNIT -ID
Q6 (a) Define 'Cost'. How are cost s classified? Expl
ain any two impo rtan t
cost conc epts usef ul for managerial decisions.
(b) Dist ingu ish betw een monopoly and perfect (8)
competition. (7)
Q7 (a) Define economics of scale s and diseconomies
of scale s.
(b) Differentiate between perfect competit (8)
ion and monopolistic
competition?
(7)
UNIT -IV
Q8 (a) Wha t are the majo r macroeconomic issu es
directly relat ed to busi ness
decision mak ing?
(b) Explain different phas es of busi ness cycle? (8)
(7)
Q9 (a) Wha t is inflation. Briefly explain the featu res
and type s of inflation. (8)
(b) Explain different appr oach es used in calc ulati
ng natio nal income? (7)
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