Exam Paper: Managerial Economics

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B.COM. (PROFESSIONAL) PART - II
Paper – V: Managerial Economics
Time: 3 Hours Max. Marks: 100
Instructions: For Paper Setters:-
Note:- The question paper covering the entire course shall be divided into three sections as follows:- Section A : This will have questions No. 1 consisting of 12 very short answer questions from the entire syllabus with answer to each question upto five lines in length. Students will attempt 10 questions. Each question will carry two marks; the total weightage being 20 marks.
Section B : This will consist of essay type/numerical questions upto five pages in length.
Four questions numbering 2,3,4 and 5 will be set by the examiner from Part-I of the syllabus. The candidates will be required to attempt any two questions.
Each question will carry 20 marks; the total weightage of the section shall be
40 marks.
Section C : This will consist of essay type/numerical questions with answer to each question upto five pages in length. Four questions numbering 6,7,8 and 9 will be set by the examiner from Part-II of the syllabus. The candidates will be required to attempt any two questions. Each question will carry 20 marks; the total weightage of the section shall be 40 marks.
Part-I
Consumer behaviour: Utility approach-brief outline of Law of diminishing marginal utility and law of equi-marginal utility. Indifference curve approach: Consumer equilibrium, income, price and substitution of tacts. Law of demand, derivation of law of demand based on utility analysis and indifference curve analysis. Price elasticity of demand and its measurements.
Concept of production function, Breakeven analysis, profit for casting in short run, law of variable proportion. Concept of cost and revenue, short run and long run cost curve, concept of total average and marginal revenue, relationship between average revenue marginal revenue and elasticity of demand price. Determination under perfect competition monopoly and monopolistic competition, price discrimination.
Part-II
Distribution: Rent-Recardian Theory & Modern theory. Profit-Dynamic theory, Risk theory & Uncertainty theory. Interest-Classical, Neo-classical and Keynesian theories. Wages
Marginal Productivity theory and modern theory.
Introduction to macro economics and its importance, National Income: Methods and problems of measurement, particularly in under developed countries. Classical theory of employment and Say’s Law of market. Keynesian Economics-Effective demands consumption
Function: Investment Function and marginal efficiency of capital.
Suggested Readings:
1. D.M. Mithani A Course in Business Economics.
2. Verma Managerial Economics.
3. Dean Joel Managerial Economics.
4. H. L. Ahuja Advanced Economics Theor

GURU NANAK DEV UNIVERSITY www.gndu.ac.in B.COM. (PROFESSIONAL) PART - II
Paper – II: Corporate Accounting
Time: 3 Hours Max. Marks: 100
Instructions: For Paper Setters:-
Note:- The question paper covering the entire course shall be divided into three sections as follows:- Section A: This will have questions No. 1 consisting of 12 very short answer questions from the entire syllabus with answer to each question upto five lines in length. Students will attempt 10 questions. Each question will carry two marks; the total weightage being 20 marks.
Section B: This will consist of essay type/numerical questions upto five pages in length.
Four questions numbering 2,3,4 and 5 will be set by the examiner from Part-I of the syllabus. The candidates will be required to attempt any two questions.
Each question will carry 20 marks; the total weightage of the section shall be
40 marks.
Section C: This will consist of essay type/numerical questions with answer to each question upto five pages in length. Four questions numbering 6,7,8 and 9 will be set by the examiner from Part-II of the syllabus. The candidates will be required to attempt any two questions. Each question will carry 20 marks;
the…