University of Dhaka

Faridpur Engineering College, Faridpur-7800

Department of Civil Engineering
2016-17 Session, 4th Batch 2nd Semester Final Examination-2017
Couse Name: Economics, Course Code: HUM-201
----------------------------------------------------------------------------------------------------------------------------------

1. a) What is micro and macro Economics? 03

b) Discuss Marshall’s definition with criticism 07
c) What are the basic economic problems and how does
economics dissolves them? 04
2. a) What is law of demand? 02
b) Draw a demand schedule and curve from the equation Qd=5-2p 05
c)Discuss various measurements of price elasticity of demand 07
3. a) What is Iso product curve? 02
b) Explain the marginal rate of technical substitution 05
c) Discuss the producer’s equilibrium with the help of Iso-cost budget curve. 07
4. a) Discuss shortly the GNP. GDP and NNP 03
b) Discuss the merits and demerits of inflation 05
c) Discuss the monetary police of the central Bank of Bangladesh 06
5. a) Explain the concept of equi-marginal utility. 07
b) Determine the Equilibrium position of consumer with the help of the low of
equi-marginal utility 07
6. a) What do you mean by consumer’s equilibrium? 04
b) show with the help of indifference map and budget line, how consumer get
maximum utility under budget 10
7. a) discuss the assumption and characteristics of monopoly market? 07
b) How price and quality of output is determined under monopoly market? 07