LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034
B.A. DEGREE EXAMINATION – HISTORY
SUPPLEMENTARY EXAMINATION – JUNE 2008
EC 3204 / 3203 - PRINCIPLES OF ECONOMICS
Date : 26-06-08
Time : 9.00 – 12.00
Dept. No.
SECTION-A
Answer any FIVE questions in about 75 words each
1.
2.
3.
4.
5.
6.
7.
Max. : 100 Marks
5 x 4 = 20
Define law of demand.
What is consumption?
Distinguish between monopoly and duopoly
Define national income.
Distinguish between inflation and deflation
What is perfect competition?
Define velocity of money.
SECTION-B
Answer any FOUR questions in about 250 words each
4 x 10 = 40
8. Explain the determinants of demand
9. Explain the income effect and substitution effect of indifference curve analysis.
10. Bring out the features of perfect competition.
11. What are the difficulties of measures national income?
12. Diagrammatically explain the average fixed cost and variable cost.
13. Explain the measures of money supply.
14. What are the factors affecting supply other than price.
SECTION-C
Answer any TWO questions in about 900 words each
2 x 20 = 40
15. Elucidate the peculiarities of agents of production
16. Analyze the causes and remedial measures of inflation
17. Discuss the functions of central bank
18. Describe the price and output determination under monopoly market.
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