Einstein College of Engineering, Tirunelveli-12INTERNAL ASSESSMENT TEST- III

DEPARTMENT OF MANAGEMENT STUDIES

BA7103 – ECONOMICAL ANALYSIS FOR BUSINESS

Time: 03 hrs Maximum: 85 marksDate: 10/12/15 Answer ALL questions PART - A (10*2=20 marks)

1. Define economics and economic efficiency.

2. What are the economic environment encircle on business?

3. What are the fundamental economic problems?

4. What is Production Possibility Frontier?

5. Define market equilibrium and consumer equilibrium.

6. Brief inflation with unemployment.

7. Define aggregate demand and aggregate supply.

8. Define Fiscal Policy & Monetary Policy and list out its components.

9. Brief the concept of Okun’s Law.

10. Define Philips Curve.

PART - B (5*13=65)

11. a. What is inflation? What are the causes for raising inflation and

How you can reduce the inflation? (or)

b. Enumerate the Short-run and Long-run Supply Curve.

Einstein College of Engineering, Tirunelveli-12INTERNAL ASSESSMENT TEST- III

DEPARTMENT OF MANAGEMENT STUDIES

BA7103 – ECONOMICAL ANALYSIS FOR BUSINESS

Time: 03 hrs Maximum: 85 marksDate: 10/12/15 Answer ALL questions PART - A (10*2=20 marks)

1. Define economics and economic efficiency.

2. What are the economic environment encircle on business?

3. What are the fundamental economic problems?

4. What is Production Possibility Frontier?

5. Define market equilibrium and consumer equilibrium.

6. Brief inflation with unemployment.

7. Define aggregate demand and aggregate supply.

8. Define Fiscal Policy & Monetary Policy and list out its components.

9. Brief the concept of Okun’s Law.

10. Define Philips Curve.

PART - B (2*13=65)

11. a. What is inflation? What are the causes for raising inflation and

How you can reduce the inflation? (or)

b. Enumerate the Short-run and Long-run Supply Curve.

12. a. Define National Income & explain its components. (or)

b. Define aggregate demand & supply. What are the components of aggregate demand & aggregate supply?

13. a. Define Pricing. What are the different types of pricing and explain the factors influencing in pricing. (or)

b. Define cost analysis. What are the different types of cost?

14. a. Define Market Structure. What are the different kinds of market structure. (or)

b. Define Production function. Explain it with one variable and two variable input?

15. a. Explain Micro and Macro economics with economies and diseconomies of scale. (or)

b. What is demand forecasting? Explain the different types of demand.

12. a. Define National Income & explain its components. (or)

b. Define aggregate demand & supply. What are the components of aggregate demand & aggregate supply?

13. a. Define Pricing. What are the different types of pricing and explain the factors influencing in pricing. (or)

b. Define cost analysis. What are the different types of cost?

14. a. Define Market Structure. What are the different kinds of market structure. (or)

b. Define Production function. Explain it with one variable and two variable input?

15. a. Explain Micro and Macro economics with economies and diseconomies of scale. (or)

b. What is demand forecasting? Explain the different types of demand.