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Exam (elaborations)

Economics Exam Kit

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shortly covered Micro and Macro Economics

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Chapter One
1. “Economics is the study of mankind in the ordinary business of life.”-Discuss the statement. Or
“Economics is a science of wealth.”-Discuss-dec-18
2. State the relationship of economics with statistics and political science.dec-18
3. Economics is a science of wealth discuss.july-18,Dec-14
4. Why economics central to an understanding of the problems of economics development? July-18.Dec-
14
5. Define micro and macro economics.Briefly state the differences between micro-economics and macro-
economics.july-18.june-17,Jun-16
6. State and discuss the main macroeconomics problems of Bangladesh.July-18.Jun-15
7. Compare the definitions of Economics offered by Adam Smith and Lionel Robbins.Dec-17
8. Explain why the knowledge of statistics is indispensible for modern economic analysis.Dec-17
9. Why the study of economics is important to political leader.June-17
10. Elaborate the basic economics questions of what,How,and for whom.Give specific example of these
questions with respect to the use of a country’s limited resources.jun-17
11. “Macro economics is the theory of price determination and resource allocation”discuss the
statement.dec-16.
12. Discuss the importance of Economics in our day to day life.jun-16, Dec-15
13. Discuss the importance of statistics in the study of economics.jun-16
14. What are the main macro-economic goals of Bangladesh and discuss.Jun-16
15. Economics is the study of art as well as science explain.Jun-15
16. discuss the relationship between economics and (i) Accounting, (ii) Finance (iii) Marketing Dec-15

Chapter Two-Law of supply
1. Define Law of supply.Jun-15
1. Define supply and state the factors that affect the supply-Jun-16, Dec-15
2. Why supply curve slopes upward to the right.Jun-16
3. Excepotions to the law of supply.Jun-16, Dec-15
4. Explain with the draw of diagram how equilibrium of prices is determined by the interaction of demand
and supply.Jun-15, Dec-16

Chapter: Two-Law of Demand.
1. Define law of demand. Jun-15
2. Why demand curve slopes downward to the right.Explain-Dec-18
3. What are the exceptions to the law of demand.Dec-18, Dec-15
4. Define price elasticity of demand and its determinant .discuss.Dec-18, Dec-17
5. Identiry the price elasticity of demand for the following commodities and state the reasons for your
answer: Salt, Cigarette, Life saving drugs,rice and television-Dec-18
6. Discuss the relationship of law with the law of demand.Dec-18
7. Distinguish between Contraction and extension of demand and increase and decrease of demand with
diagram.Dec-17
8. State the causes of changes (increae and decrease) of demand. Dec-17
9. Relation between law of diminishing marginal utility and law of demand.Dec-17
10.Show with the help of diagram the distinguish between(i) Infinitely elastic demand (ii) Perfectly
elastic demand (iii) unit elasticity at all points of the demand curve.Dec-17
11. Explain the concept of Price elasticity, Income elasticity and cross elasticity with example. Jun-17,
Dec-14
12. State the law of diminishing marginal utility and discuss its limitation.Jun-16
13. Discuss the determinant of demand.Dec-15

, 14. Explain with the help of diagram what is meant by price elasticity being (i) Grater than 1 (ii) Less
than 1 (iii) equal to 1 (iv) equal to 0 (v).equal to infinity with example. Dec-15
15. Price elasticity math.Dec-14
Chapter –Market
1. Main features of monopoly and oligopoly-Dec-18
2. There is no supply curve in monopoly-Dec-18, Dec-16, Jun-15
3. Define perfect competition and its features Jun-18, Jun-17, Jun-16
4. Elastrat how equilibrium price and output of a firm are determined in a perfect competition market in
the short run.Jun-18
5. Define monopoly market and discuss its features-Dec-17
6. Elastrat how equilibrium price and output of a firm are determined in this type of market in the short
run.Dec-17, Dec-16
7. Show a diagram how equilibrium price and output of a firm are determined in a perfect competition
market is superior to that under monopoly from the customers point of view.Jun-17, Jun-16, Dec-15
8. Show in a diagram the price –output combination of monopolist and a competitive producer.Dec-15
9. Show in a diagram and explain that monopoly output is determined at the point where the marginal
revenue equals to marginal cost.Jun-15
10. Distinguish between the features of (i) Perfect competition (ii) Monopoly (iii) Monopolistic
competition. Dec-14

Chapter: Monetary policy and inflation
1. Ingredient of monetary policy and fiscal policy. Jun-18
2. In what ways can monetary policy influence a country’s economic development? Jun-18
3. What are the role of fiscal policy and monetary policy.Jun-14
1. What is inflation and how does it affect production, employment and distribution of income? Jun-18
2. What steps the govt. Take to keep prices under control? Jun-18
3. Define inflation and its causes and consequences. Dec-16
4. Can a country can achieve a higher employment rate and a lower inflation rate at a same time
. Give reasons your answer.
5. Inflation is just like a tax on cash balance-explain-Dec-15
6. What happens in exchange rate when domestic inflation rate is high-explain-Dec-15
Others:
1. Discuss the importance of small and medium enterprise in the context of Bangladeshi economy.Jun-
18, Jun-17
2.”Population is both an assets and liability for a country” critically discuss the statement.Jun-17
3. Present arguments for welcoming foreign direct investment in Bangladesh. Dec-16, Dec-15,
4. Discuss the traditional functions of a central bank.Dec-16
5. What are the roles of Bangladesh Bank in the country’s economic development? Dec-16
6. Explain the concept of (i) Balanced Budget (ii) Surplus Budget (iii) Deficit Budget Jun-16
7. Which type of budget do you recommend for Bangladesh and why? Jun-16
8. What are the measured to attract more FDI in a country .Dec-15

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