1. Differentiate between Micro-economics and Macro-economics.
2. What do you mean by an economic model? What are the main features of economic models?
3. What are the criteria for determining the validity of a model? What are the main limitations and uses of economic models?
4. What are the concepts used in building a model? Illustrate model building with a particular example.
5. How do you choose models among many models?
6. Write a short note on static equilibrium.
7. What do you mean by dynamic equilibrium?
8. Write a note on stationary state.
9. What is the difference between economic models and econometric models?
10. Define the methodology in economics.
11. Write short note on deduction.
12. Write short note on 'Induction'.
13. Differentiate between Inductive and Deductive methods.
14. What do you mean by logical Positivism?
15. How will you test a hypothesis in economics? What are the difficulties on testing an economic hypothesis?
16. What are the main assumptions in economics? What is the role of assumption in economics?
17. What is meant by scientific paradigm in economics?
18. What is Friedman and Lange's view on Economics?
19. Write a short note on empiricism in economics.
20. Is economics a science?
21. Analyze the role of value judgments in economics?
22. Critically analyze the Marxian methodology of economic analysis.
23. What do you mean by falsifiability criterion in economics?
24. What are the main difficulties in falsifying the classical theories?
25. Are the Neo-classical theories falsifiable?
26. What are the limitations of Falsifiability criterion?
27. "Falsifiability criterion has helped to refute many established theories and develop new theories instead" Justify with examples.
28. Explain about the consumer's equilibrium under cardinal utility analysis.
29. Derive the demand curves using the law of diminishing marginal utility.
30. Derive a demand curve for an individual consumer for commodity X by using equi-marginal principleWhat will be the effect of change in price of X on his purchase of another commodity Y?
31. State the drawbacks of cardinal utility approach.
32. Analyze the consumer's equilibrium under ordinal utility analysis?
33. Derive the demand curve using ordinal utility analysis.
34. Separate the substitution effect and income effect of a price change in consumer’s equilibrium (for Normal good and price fall).
35. Separate the substitution effect and income effect of a price change in consumer’s equilibrium (for Normal good and price rise).
36. Separate the substitution effect and income effect of a price change in consumer’s equilibrium (for Inferior good and price fall).
37. Separate the substitution effect and income effect of a price change in consumer’s equilibrium (for Inferior good and price rise).
38. Separate the substitution effect and income effect of a price change in consumer’s equilibrium (for Giffen Goods good and price fall).
39. Separate the substitution effect and income effect of a price change in consumer’s equilibrium (for Giffen Goods good and price rise).
40. Derive the ordinary and compensated demand for ordinary goods for the fall in price of X.
41. Derive the ordinary and compensated demand for ordinary goods for the rise in price of x.
42. Derive the ordinary and compensated demand curves for inferior good X (Price fall).
43. Derive the ordinary and compensated demand curves for inferior good X (Price rise)
44. Derive ordinary and compensated demand curve for Giffen good X (Price fall).
45. Derive ordinary and compensated demand curve for Giffen good x (Price rise).
46. Discuss the consumer's equilibrium under unusual shape of ICs.
47. Write a note on linear expenditure system (LES).
48. Write a note on empirical demand curves.
49. Analyze the pragmatic Approach to demand theory.
50. Derive the demand theorem under Revealed preference approach.
51. Derive the indifference curve and prove its convexity under revealed preference theory.
52. Critically appraise the revealed preference theory.
53. Describe about the Friedman-Savage hypothesis of the behavior of consumers involving risk and uncertainty.
54. Critically assess the Lancastrian demand theory.
55. Write short note on N-M utility index.
56. Analyze the consumer’s equilibrium under intertemporal choice. What are the effects of change in income and interest rate on such equilibrium points?
57. What do you mean by a production function? What are the main features of production functions? Why is it necessary to study production functions in economics?
58. What is meant by a production process?
59. Analyze how production is carried out under different decision periods.
60. Write a note on elasticity of substitution.
61. Write a note on short- run production function.
62. Explain the law of variable proportions and different stage of productionIn which stage does a rational producer operate? Where does the producer operate in stage second? Where does the producer operate if price of the variable factor is zero?
63. Explain the law of variable proportions using iso-quants.
64. Write a note on log-run production function.
65. Define an iso-quant. What do you mean by the Marginal Rate of Technical Substitution (MRTS)What are the different types of iso-quants?
66. Write a note on 'Ridge lines or economic zone of production'.
67. Discuss about the shape of product line.
68. Explain the law of returns to scale.
69. Analyze the producer's equilibrium.
70. Write a note on profit maximization when the producer is free to change the outlay as well as output.
71. Analyze the effects of change in outlay on producer’s equilibrium.
72. Analyse the effects of change in the price of factor on producer's equilibrium.
73. Define and derive the production possibility curve (PPC) and comment on its possible shapes and shifts in it.
74. What do you mean by linearly homogeneous production function?
75. Write a short note on Cobb-Douglas production function.
76. Write a short note on CES production function.
77. What is the role of technological change in production function?
78. What are the different types of production technical progress.
79. Discuss the relationship between elasticity of substitution and income distribution.
80. What are the effects of technogical progress on income distribution.
81. What is cobb-Douglas production function? Why is it frequently used in economics? How do we measure elasticities and marginal productivities when such functions are used?
82. Describe about the salient features of the two sector input output model.
83. Write a short note on cost function.
84. Derive the average fixed cost under traditional cost theory.
85. Derive the short run average variable cost (SAVC) under traditional theory of cost.
86. Derive the short run marginal cost (SMC) under traditional cost theory.
87. What is the relationship between AFC, AVC, MC and ATC?
88. Derive the long run average cost (LAC) and long run marginal cost curve (LMC) with five alternative plants.
89. Write a note on modern short run cost theory.
90. Write a note on long run cost under modern theory of cost.
91. Derive the cost function from production function.
92. What is the significance of cost function in decision making?
93. Analyze the economies of scale.
94. Why is the short run average cost U-shaped?
95. Why is the long run average cost U-shaped?
96. Discuss about the empirical evidences on the shape of the cost curves.
97. Define perfectly competitive market. What are the assumptions underlying it?
98. Discuss the short run equilibrium of a perfectly competitive firm.
99. Discuss the short run equilibrium of perfectly competitive industry.
100. Write a note on shut down point.
101. Derive the short run supply curve of the firm.
102. Derive the Short run supply curve of perfect competition industry.
103. Analyze the long run equilibrium of perfectly competition firm.
104. Analyze the long run equilibrium of perfectly competitive industry.
105. Predict the effects of increase in fixed cost in perfectly competitive firm and industry.
106. Q.N Analyze the effects of change in variable cost.
107. Predict the effects of imposition of lump sum tax.
108. Analyze the effects of profit tax on perfectly competitive firm.
109. Analyze the effects of the imposition of specific sales tax.
110. Derive the long run supply curve of perfectly competitive industry?
111. Define monopoly market.
112. Analyze the short run equilibrium of a monopolist.
113. Why is the MC curve not the supply curve for monopolist?
114. Analyze the long run equilibrium of the monopolist.
115. What are the effects of increase in fixed cost in monopoly market structure?
116. Predict the effect of Lump sum tax.
117. What are the effects of profit tax in monopoly?
118. Predict the effect of specific tax.
119. What will be the effect of change in demand in monopoly equilibrium?
120. Discuss the price and output determination under Multi plant monopoly.
121. Analyze the price determination under bilateral monopoly.
122. What is price discrimination? What are the conditions for applying price discrimination?
123. What do you mean by first degree price discrimination?
124. Define the second degree price discrimination.
125. Define third degree price discrimination.
126. What are the similarities and differences between monopoly and perfect competition?
127. What do you mean by a monopolistic market structure? What are the main assumptions underlying the Chamberlin model?
128. Explain the nature of cost and demand curves under Chamberlin's large group model.
129. Discuss the short run equilibrium of monopolistic firm.
130. Discuss the long run equilibrium under Chamberlin’s large group model.
131. What is the main contribution of Chamberlin? Give a critique of Chamberlin model.
132. What are the similarities and differences between perfect competition and monopolistic competition?
133. What are the similarities and differences between monopoly and monopolistic competition?
134. Differentiate between monopolistic competition and imperfect competition.
135. Define Oligopoly.
136. Discuss the Cournot model.
137. Discuss the Cournot model with the help of reaction functions.
138. Discuss the Bertrand model.
139. Analyze Chamberlin's small group model.
140. Discuss Stackelberg Duopoly Model.
141. Analysis Kinked demand curve model.
142. Define cartels.
143. Write a note on cartel aiming at joint profit maximization.
144. Explain the price determination under market sharing cartels.
145. Write a note on low-cost price leadership.
146. Write a note on dominant firm price leadership model.
147. Write a note on Barometric price leadership.
148. Give a critique of neo-classical controversy.
149. Highlight the Hall and Hitch report.
150. Critically present the representative model of average cost pricing principle.
151. Discuss Bain’s Limit Pricing Theory.
152. Discuss Baumol's Sales revenue maximizing model.
153. Differentiate between Rent and Quasi rent.
154. What are the main causes of wage differentials?
155. Derive the demand curve of labor for a market situation where the factor market is perfectly competitive and the product market is monopolistic.
156. Derive supply curve of labor.
157. Write a note on backward bending supply curve of labour?
158. Write a note on monopolistic exploitation.
159. Analyze the price determination of factor in a scenario in which there is monopolistic power in product market and monopsonistic power in factor market.
160. Write note on interdependence of economy.
161. Distinguish between partial equilibrium and general equilibrium.
162. What do you mean by existence, stability and uniqueness of equilibrium?
163. Differentiate between Marshallian and Walrasian conditions for stability.
164. Differentiate between Marshallian and Walrasian equilibrium approaches.
165. Analyze the ×× general equilibrium model.
166. What do you mean by welfare economics?
167. Write a note on growth of GNP criterion of welfare.
168. Write a note on Bentham's Criterion.
169. Write a note on cardinalist criterion.
170. Explain the Kaldor-Hicks compensation criterion.
171. Clarify the Bergson's criterion.
172. State the Pareto Optimality criterion.
173. Write a note on Scitovsky Paradox.
174. Write a note on Scitovsky Double Criterion of social welfare.
175. Write a note on ‘Pigovian Welfare Economics’.
176. Write a note on 'point of bliss'.
177. Prove that perfect competition leads to maximization of social welfare.
178. What is market failure? How does it occur?
179. Write a note on the theory of second best.
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