Loyola College M.A. Economics April 2006 Micro Economic Theory-II Question Paper PDF Download

             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

M.A. DEGREE EXAMINATION – ECONOMICS

SECOND SEMESTER – APRIL 2006

                                               EC 2801 – MICRO ECONOMIC THEORY – II

(Also equivalent to EC 2803/EC 2804)

 

 

Date & Time : 19-04-2006/FORENOON     Dept. No.                                                       Max. : 100 Marks

 

 

PART – A

 

Answer any FIVE questions in about 75 words each.       (5 ´ 4 = 20 Marks)

 

  1. Explain the marginalist principle and the concept of ‘satisficing’.
  2. Define the concept of Entry in Brain’s model of limit pricing.
  3. Explain the theory of the Second Best.
  4. Distinguish between input-output analysis and general equilibrium analysis.
  5. Define the dominant firm price leadership and barometric price leadership.
  6. Elucidate Pareto’s unanimity principle.
  7. What do you understand by utilitarianism?

PART – B

Answer any FOUR questions in about 250 words each.   (4 ´ 10 = 40 Marks)

 

  1. Compare maximization of utility function theory of Williamson with that of Scitovsky.
  2. Critically appraise the managerial theory of Marris.
  3. Discuss the various types of collusive oligopolistic market.
  4. Define Game theory. How is it applicable to oligopolistic market situations?
  5. Bring out the shortfalls of input-output analysis.
  6. Elaborate the conditions of Pareto optimality. Do these conditions pave the way for promotion of social welfare under different market situations? Why?
  7. Compare social welfare function with the compensation principles.

PART – C

Answer any TWO questions in about 900 words each.     (2 ´ 20 = 40 Marks)

 

  1. Compare and contrast Mark-up pricing with Sales maximization model of the firm. Do you agree with the view that sales maximization model is superior to mark-up pricing? How?
  2. Critically examine Sylo-Labim’s model of limit pricing with appropriate diagrams.
  3. Compare and contrast the social choice theory of Arrow with that of A.K. Sen. In your opinion, whose view are agreeable to you? Why?
  4. Critically examine the Walrasian equilibrium analysis. Do you think that it is a refinement over the Partial equilibrium? How?

 

 

Go To Main Page

Latest Govt Job & Exam Updates:

View Full List ...

© Copyright Entrance India - Engineering and Medical Entrance Exams in India | Website Maintained by Firewall Firm - IT Monteur