BBA 1st Semester

Business Economics

1) Explain what is Managerial Economics? Also define its scope and processes.

2) Explain the process of economic decision making.

3) What is market mechanism? Explain its working.

4) State the Law of Demand.Also describe its assumptions and its limitations.

5) What are the exceptions to Law of Demand?

6) Explain Giffen paradox in detail.

7) What is a Demand curve and Demand Schedule?

8) All Giffen goods are inferior good but all inferior goods are not giffen goods.Explain the
above statement.

9) Explain what is extension of demand.

10) Explain what is contraction of demand.

11) What are the factors that influence the Demand function?

12) What is Elasticity of demand? Explain in detail.

13) What are the diffrent kinds of degrees of price elasticity of demand?

14) Show by curves the diffrent degress of price elasticity of demand.

15) What are the diffrent methods of measuring the price elasticity of demand?Explain in detail.

16) What are the factors the determine the elasticity of demand?

17) What are the applications of the concept of elasticity of demand?

18) What is meant by income elasticity of demand?Explain and write the expression to calculate
it.

19) What is meant by cross elasticity of demand?

20) What are the diffrent methods to measure elasticity of demand?

21) What do you understand by static and dynamic equilibrim?

22) What is demand forecasting?What are its applications?

23) What are the diffrent methods of demand forecasting?Explain them in detail.

25) What do you understand by cost of production?What are the diffrent cost involved in
production?

26) Explain in detail concept of Opportunity cost.Also draw and explain about production
possibility curve.

27) Explain what is marginal cost.Also discuss relation between AC and MC.

28) What is production function?

29) What is law of variable proportions? Explain in detail.

30) What are the causes of diminishing returns?

31) Explain the returns to scale concept in detail.

32) What is scale of production? Explain large scale production.

33) What are internal and external economies?

34) What is Break Even Point? What is its significance in economic study?

35) What is market? What are the different kinds of market based on competition?

36) Explain with curves how equilibrim price is determined in case of monopoly in long and
short run.

37) What is oligopoly?

39) “Profit is rent of ability”. Explain.

40) Explain in detail the marginal productivity theory of profit.

41) Explain risk theory of profit.

42) What do you understand by national income?

43) What is GDP? How its calculated?

44) What is GNP? How its calculated?

45) What are business cycles? Diffrentiate between inflation and deflation.

46) What is capital budgeting? What are methods avialable to select the best invsetment
decisions?

47) Examine the risk theory of profit in detail.

48) Describe the uncertainity theory of profit.

49) Write short note in dynamic theory of profit.

50) What do you understand by labour? What are the factors that effect its efficiency?