Economics

• Chapter 1: Fundamental Economic Concepts. Notes and past questions on Fundamental Economic Concepts for TU BIT Economics.
• Chapter 2: Demand and Elasticity. Notes and past questions on Demand and Elasticity for TU BIT Economics.
• Chapter 3: Supply and Elasticity of Supply. Notes and past questions on Supply and Elasticity of Supply for TU BIT Economics.
• Chapter 4: Consumer Behavior and Utility. Notes and past questions on Consumer Behavior and Utility for TU BIT Economics.
• Chapter 5: Production and Cost Analysis. Notes and past questions on Production and Cost Analysis for TU BIT Economics.
• Chapter 6: Market Structures and Price Determination. Notes and past questions on Market Structures and Price Determination for TU BIT Economics.
• Chapter 7: Market Equilibrium and Government Intervention. Notes and past questions on Market Equilibrium and Government Intervention for TU BIT Economics.
• Chapter 8: National Income and Macroeconomic Accounting. Notes and past questions on National Income and Macroeconomic Accounting for TU BIT Economics.
• Chapter 9: Monetary Policy. Notes and past questions on Monetary Policy for TU BIT Economics.
• Chapter 10: Fiscal Policy and Economic Systems. Notes and past questions on Fiscal Policy and Economic Systems for TU BIT Economics.

• Define market equilibrium. Explain how shifts in demand and supply curves affect equilibrium price and quantity, with appropriate diagram... (2082)
• What is perfect competition? Discuss its characteristics and the process of price-output determination in the short run using marginal ap... (2082)
• Explain the concept of indifference curve. Derive the consumer’s equilibrium using indifference curves and budget line with a diagram.[10] (2082)
• Explain the concept of production possibility curve with an example. [5] (2082)
• Question Given the demand schedule: | Price (Rs.) | 25 | 20 | 15 | 10 | 5 | |---|---|---|---|---|---| | Quantity Demanded | 50 | 100 | 15... (2082)
• Explain the concept of producer surplus. How does a price floor affect producer surplus? Illustrate with a diagram. [5] (2082)
• Define the law of diminishing marginal utility. Explain its significance with an example. [5] (2082)
• What is a production function? Discuss the properties of isoquants with a diagram. [5] (2082)
• Cost Analysis Question Consider the following cost schedule: | Output | 0 | 1 | 2 | 3 | 4 | 5 | |--------|---|----|----|----|----|-----|... (2082)
• Define monopoly. Discuss its key features and provide one real-world example. [5] (2082)
• Given the following data for a country (in Rs. billions): Consumption = 500, Investment = 150, Government Spending = 200, Exports = 100,... (2082)
• Define fiscal policy. Discuss the tools of fiscal policy used for economic stabilization. [5] (2082)
• Define indifference curve. How a consumer attains equilibrium under indifference curve analysis? Explain.[10] (2081)
• Define production function. Explain the optimum employment of two variable inputs in production function.[10] (2081)
• What are the features of monopolistic competition market? How to determine price and output under it in long period of time?[10] (2081)

Frequently asked questions

Based on the official syllabus.