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Engineering and Managerial Economics (EME) Subject Code: EHU-501
Question Bank Unit -1 1. Discuss the Marshallian approach of economics. (UPTU-2013-14) 2.Explain the role of managerial economics in the managerial decision making. (UPTU-2013-14) 3. Is economics Science and Art ? Give your views and reasons for it. (UPTU-201213) 4. Explain the role of Science, Engineering development of a nation. (UPTU-2012-13)
and
technology
in
Economics
5. Define micro and macro economics. 6. Define Science, Engineering and Technology. 7. Explain the nature and scope of economics 8. What is engineering economics? 9. What is the scope of economics from engineering perspective? 10.
List out the characteristics of engineering economics
11. “Managerial economics plays a very crucial role in engineering” Comment. (UPTU-2010-11) 12. What do you think about economics and managerial economics? (UPTU2010-11)
Unit -2 1. What do you mean by Demand? 2. lot the diagram showing “Demand Curve “ for the Demand Schedule” given below: (UPTU-2011-12) a. Demand schedule Price per Pizza
Quantity Demanded week ( millions)
a)
15
8
b)
12
14
c)
9
20
d)
6
26
e)
3
32
per
Engineering and Managerial Economics (EME) Subject Code: EHU-501 b. Detail and differentiate diagrammatically, the “ Movement along Demand Curve” and Shift in demand curve”. c. What is price elasticity of demand? 3. What are the factors on which price elasticity of demand depends? (UPTU2013-14) 4. Law of demand is a qualitative statement while elasticity of demand is quantitative statement. Explains. (UPTU-2013-14) 5. List out types of Goods. 6. Discuss the various types of demand. What are the factors that influence the demand for commodity? Explains. (UPTU-2012-13) 7. Differentiate between in Movement along the Demand curve and shift in demand. (UPTU-2012-13) 8. What is demand function? 9. Explain the law of demand with an example. (UPTU-2010-11) 10.
Why the demand curve is sloping downwards?
11.
What factors determine the demand of the commodities?
12.
Explain income effect and substitution effect on the demand of a commodity.
13.
Define the cross elasticity of demand.
14. Explain price elasticity of demand and discuss determinates of price elasticity of demand. 15.
How the elasticity of demand helps in managerial decision?
16.
What are the giffin goods?
Unit -3 1. What do you mean by demand forecasting? Discuss any two method of demand forecasting. (UPTU-2012-13) 2. Write the contribution of analysis of demand on business decision making. 3. What is the law of diminishing marginal utility? (UPTU-2013-14) 4. Discuss in detail the laws of return to scale. (UPTU-2012-13) 5. Define the production function and explains its attributes with reference to an industrial firm. (UPTU-2013-14) 6. Define production function with examples. 7. Define the concept of opportunity cost. 8. Write short notes on marginal cost, fixed cost, variable cost, endogenous variables and exogenous variables.
Engineering and Managerial Economics (EME) Subject Code: EHU-501 9. Explain the short-run and long run cost curves. Mention the importance of these curves. (UPTU-2013-14) 10.
What is law of diminishing utility? (UPTU-2012-13)
11. What is the statistical method of demand forecasting? Describe any two methods in detail. 12.
Describe the economic method of demand forecasting in detail.
13. What is the survey method of demand forecasting? Describe any two methods in detail. 14.
Write down the steps of demand forecasting one by one in detail.
15.
Describe the regression method of demand forecasting.
16. Plot a diagram showing Total cost, Fixed cost and variable cost. Also describe each. (UPTU-2010-11)
Unit -4 1. What are the features of a market? Briefly explains the various types of market structures. (UPTU-2013-14) 2. What are the factors that determine market structure? 3. How does the market structure affect pricing decision of a firm? 4. Why firm under Perfect Competition is price taker? (UPTU-2012-13) 5. Define the perfect competition. What are the characteristics of perfectly competitive market? 6. What are the different types of markets? What is difference between Monopoly and Oligopoly? (UPTU-2012-13) 7. Distinguish between (a) Monopolistic completion and oligopoly (b)Perfect Competition and Imperfect Competition. (c) Monopoly and monopolist completion. 8. What factors determine the price of a product in perfect competition? 9. Describe Short run equilibrium under monopolistic competition. (UPTU-2012-13) 10.
In perfect competition whether the firm is price taker or price maker.
11. Explain and illustrate price and output determination by a monopoly firm in short-run. 12. How the price of a commodity is determined in perfectly competitive market. 13.
Define the monopolistic competition.
14.
How the monopolistic competition is different from the perfect competition.
Engineering and Managerial Economics (EME) Subject Code: EHU-501 15. Explain and illustrate the determination of equilibrium price and output under monopolistic competition in short run. 16. Define oligopoly. What is the basic difference between the oligopoly and monopolistic competition? 17.
What is discrimination of prices under monopoly?
18. “A market is body of person in such commercial relations that each can easily acquaint himself with the rates at which certain kinds of exchange of goods or services are from time to time made by others”. Comment. (UPTU-2010-11) 19. Plot the diagram about the short run equilibrium of a perfectly competitive firm. (UPTU-2010-11) 20. 12)
Answer any two of following : .
(UPTU-2011-
a. ‘Choose the diagram showing the tendency of “Fixed Cost Curve”. Also define Fixed Cost Curve. (A)
(B)
(C)
FC PRICE
PRICE
0
QUANTITYE
FC
0
QUANTITYE
PRICE
FC
0
QUANTITYE
b. What is “Diminishing Return to scale”? c. What is “Production function”?
Unit -5 1. What is Nation Income? Write down the various method of measuring national income. (UPTU-2012-13) 2. What Kind of business decisions are influenced due to change in national income? 3. What is the relevance of national income? 4. What are the problems in estimation of national Income by using expenditure method? What precautions should be used while using this method? (UPTU2013-14) 5. What is the importance in choosing the method for estimating the national income?
Engineering and Managerial Economics (EME) Subject Code: EHU-501 6. Describe in detail the measurement method of national income. 7. Make the difference between factor income method and net product method which is used for measuring the national income. 8. Discuss the concept of Inflation and Deflation. How do they effect the economic activity? 9. Which method is used by CSO for measuring the national income of India? 10. What do you mean by value added? Explain the value added method for measurement of national income. 11. Is there any difference in measurement of national income for closed economy and open economy? How the foreign income is treated while estimating the national income. 12.
What is economy condition of India and China in World Economy?
13. What is the basis of division of the income groups for families? Why multinationals or consumer goods manufacturing companies are luring towards India? 14. Give a brief description of phases of business cycle with the diagrammatic presentation. (UPTU-2010-11) 15. Describe the boom. Which point shows the condition of boom? (UPTU2010-11)
a
b
Sale
Time
16.
What is inflation? Describe about the causes of inflation. (UPTU-2010-11)
