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Odisha State Open University, Sambalpur
ASSIGNMENTS Bachelor Degree (UG) Programmes
Course Code : BEC-08 (Theory) Semester-4
Bachelor of Arts (Honours) in Economics BAEC
ASSIGNMENTS-I
MICROECONOMICS II (BEC-08)
Full Mark – 100
(Answer all the questions, which is Compulsory)
Group- ‘A’
Q. No. 1 Answer within one word or one sentence each Marks: 1X 10 =10
a) What is perfect competition?
b) What is profit?
c) What is goal of a firm?
d) What is equilibrium quantity?
e) What demand curve of a firm shows under perfect competition?
f) What is the subject matter of welfare economics?
g) What is social rationality?
h) Explain Pareto optimality?
i) What is social welfare function?
j) What is the role of value judgement?
Group- ‘B’
Q. No 2. Short answer-type Questions (Word Limit: 50 Words) Marks:2×10 = 20
a) Distinguish between individual demand curve and market demand curve.
b) Distinguish between short run and long run
c) Write a short note on the nature of demand curve of a firm under perfect competition.
d) Distinguish between firm and industry.
e) Explain briefly short run equilibrium of a firm under perfect competition.
f) Mention the efficiency in exchange.
g) Discuss the concept of social rationality.
h) Write a brief note on subject matter of welfare economics.
i) What is optimal condition of product mix?
j) What is value judgement?
GROUP- ‘C
Q. No 3. Medium answer-type Questions (Word Limit: 200 Words) Marks: 3 × 10= 30
a) Explain the conditions of equilibrium under perfect competition.
b) Explain the important features of perfect competition.
c) Explain the
d) How supply curve of industry is derived under perfect competition.
e) Discuss the long run equilibrium conditions under perfect competition.
f) Explain the term efficiency in exchange
g) Distinguish between first welfare theorem and second welfare theorem.
h) What do you mean by optimal allocation of factors?
i) Explain the basic marginal conditions for Pareto Optimality.
j) What do you mean by value judgement in welfare economics?
GROUP- ‘D
Q. No 4. Long answer-type Questions (Word Limit: 500 Words) Marks: 10 × 4=40
a) How long run equilibrium is achieved in a perfectly competitive industry under constant costs condition?
b) Explain the short run equilibrium of a firm under perfect competition
c) Explain the Arrow’s Impossibility theorem.
d) Explain the principle of welfare maximisation
******
ASSIGNMENTS-II
MICROECONOMICS II (BEC-08)
Full Mark – 100
(Answer all the questions, which is Compulsory)
Group- ‘A’
Q. No. 1 Answer within one word or one sentence each Marks: 1X 10
a. What is monopoly?
b. What is barriers to entry?
c. What is price discrimination?
d. What is dumping?
e. What is profit tax?
f. What is oligopoly?
g. What is cartel?
h. What is price leadership?
i. What is interdependence?
j. What is game theory?
Group- ‘B’
Q. No 2. Short answer-type Questions (Word Limit: 50 Words) Marks:2×10 = 20
a. Explain short run equilibrium of a firm under perfect competition.
b. Explain the concept lump sum tax.
c. What is price discrimination according to time?
d. What is collusive oligopoly?
e. What is barometric price leadership?
f. What is the nature of demand curve of a firm under oligopoly?
g. What is dead weight loss?
h. What is comparative static analysis?
i. What is prisoners’ dilemma?
j. What is duopoly?
Group- ‘C’
Q. No 3. Medium answer-type Questions (Word Limit: 200 Words) Marks: 3 × 10= 30
a. Explain various price discrimination under monopoly?
b. Explain briefly about multi-plant monopoly.
c. Distinguish between price discrimination of first degree and second degree.
d. Distinguish between short run equilibrium and long run equilibrium under monopoly.
e. Explain briefly the features of monopoly.
f. Distinguish between oligopoly and monopoly.
g. Distinguish between collusive oligopoly and non-collusive oligopoly.
h. Explain briefly the features of oligopoly.
i. Explain briefly about demand firm price leadership.
j. Write a short note on cartel.
Group- ‘D’
Q. No 4. Long answer-type Questions (Word Limit: 500 Words) Marks: 10 × 4 = 40
a. Explain various price discrimination under monopoly.
b. Explain about dead weight loss under monopoly.
c. What is game theory? How it is applicable to oligopoly?
d. Explain Cournot duopoly model.
******
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