Kuvempu University M.A. Economics Micro economic theory paper-I Exam paper

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Here I am giving you question paper for M.A. Economics, Micro economic theory paper-I Exam of Kuvempu University


Paper - I : MICRO ECONOMIC THEORY
1. Discuss the scope and limitations of mathematical and statistical tools in
Economic analysis.
2. Discuss the properties of indifference curve. Explain consumers equilibrium
with the help of indifference curve.
3. Give a critical account of recent developments in the theory of market demand.
4. Critically evaluate the law of variable proportions.
5. Discuss the salient features of input-output analysis.
6. Explain price, output determination under collusive oligopoly.

Kuvempu University M.A. Economics Micro economic theory paper-I Exam paper contains questions from following topics:

Topic 1. Introduction:-
Micro Economics: - Nature, Scope, Importance & Limitations.
Methodology of Economics: - Deductive V/s Inductive.
Economics - Statics & Dynamics
Basic Economic Problems :- Scarcity & Choice
Price Mechanism: - Functions & Limitations

Topic 2. Demand Analysis –
Cardinal Utility Approach - Law of Diminishing Marginal Utility ,
Consumer’s equilibrium, Derivation of Demand Curve, Law of Demand.

Ordinal Utility Approach:- Indifference curve, Properties Consumer’s
equilibrium, Price, income & substitution effects, Derivation of Demand
Curve

Revealed Preference Theory of Demand.
Recent Development in Demand Theory :- Hicksian Revised Theory –
Neumann – Morgenstern Statistical Utility Theory, Armstrong’s Marginal
Preference Theory

Topic 3. Consumer Surplus and Elasticity of Demand:-
Consumer Surplus: - Meaning, Marshall’s Measurement of Consumer
Surplus, Measurement of Consumer Surplus through indifference Curve
analysis, Critical Evaluation.
Elasticity of Demand :- Meaning, Price Elasticity of Demand,
Measurement of Price elasticity, Income Elasticity of Demand, Cross
Elasticity of Demand, Numerical Problems

Topic 4. Theory of Production:
Supply Analysis: Economies of Scale: - Internal Economies and
Diseconomies, External Economies and Diseconomies.
Production Possibility Curve.
Production Function :- Law of Variable Proportions
Returns to Scale.
Isoquants:- Properties , Producer’s equilibrium
Linear Homogenous Production Function
Cobb - Douglas Production Function.
Topic 5. Cost and Revenue
Cost Concepts: - Accounting and Economic Cost, Private Cost and Social
Cost, Opportunity Cost, Fixed and Variable Cost, Average, Marginal and
Total Cost, Numerical Problems.
Short Run and Long Run Cost Curves
Revenue Concepts: - Average, Marginal and Total Revenue, Numerical
Problems.

Question paper:
Here is the attachment for question paper:

KU MA Economics paper

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