BUSINESS ECONOMICS

ASSIGNEMNT QUESTIONS

UNIT-1 ECONOMICS:

1) Define managerial economics. Explain its Nature and Scope.

2) Explain the role of Managerial economist in a Business firm.
3) Point out the Relationship of Business Economics with other managerial functions.
4) Discuss various economic Concepts.
5) Difference between Micro Vs Macro economics
6) Write about economics in terms of its nature and scope.
7) State the scope of micro economics in business economics.
8) State the key areas in marketing and how it relationship with the Business Economics.
9) Exemplify the key areas in business economics that enhance Finance function.
10) Define Macroeconomic with suitable examples.
11) Explain the following a) Opportunity cost b)Risk and uncertainty c)Discounting
Principle
12) Explain Production functional relationship with Business Economics.
13) Define economics and state importance in business decisions and its types.
14) Explain the nature of Managerial economics.
15) Describe micro economics?
16) What is meant by micro economics explain with suitable examples?
17) Compare and contrast Wealth and Welfare definitions of economics with scarcity
definition.
18) Describe the role business economics in finance function
19) In what way ensures business economics understanding enable a manger for better
performance?
20) How do you establish the relationship between Human resource management function
and economics

UNIT-II DEMAND AND SUPPLY ANALYSIS:

1) State the Law of Demand. What are the various factors that determine the demand?
2) What is meant by “Elasticity of demand “and “Elasticity of Supply “?
3) Why does Law of Diminishing returns operate? Explain with the help of assumed data
and also represent in a diagram.
4) Define Production Function. Discuss in detail the different types Production Functions.
5) Explain the law of Demand and it assumptions, exceptional cases.
6) What are the different types of Price elasticity of demand?
 7) Explain various types of Elasticity of supply.
8) Explain the following a)Isoquant b)Isocost C) MRTS d) Least cost combinations of
Inputs
9) How do you interpret and analyze demand and supply curves in real time business
scenario?
10) What is the cross elasticity f demand with suitable examples
11) Explain law of diminishing marginal utility with assumptions and exceptional cases.
12) Describe various types of Income elasticity of Demand.
13) State the law of supply with its assumptions.
14) What are the determinants of demand? How does they effect the demand?
15) Write about Isocost and Isoquant
16) Explain isoquant and its types.
17) What are the determinants of demand? How does it effect on the demand?
18) What are the determinants of supply? How does it effect on the supply?
19) List different types of elasticity of demand and explain with examples.
20) Define demand. Explain types of demand.

UNIT-III PRICING ANALYSIS:

1) Define Market and explain how Markets are classified?

2) What are the important features of Market Structure?
3) Explain in detail, important features of Perfect Competition
4) How Can a Competitor attain Equilibrium Position Under conditions of Perfect
Competition Market?
5) Explain the features of Oligopoly. How can a firm attain Equilibrium Position?
6) Explain different types of markets and their importance
7) What are the Differences between Perfect competition Market and Pure market?
8) Differentiate Perfect market and Imperfect market with suitable examples.
9) Deliberate the features of monopolistic competition market
10) Compare and identify the gap between Monopoly and oligopoly markets.
11) What are the pricing strategies adopted by the oligopoly market.
12) Define Perfect competition Market? State the features of Perfect Market.
13) State the price determination process in a perfect market
14) Explain Monopolistic Competition Market and their features.
15) How oligopoly is different from monopolistic competition? Compare and contrast.
16) What are the Pros and Cons of an oligopoly market?
17) As a Consumer, Which Market do you Prefer and why?
18) Why do imperfect markets exist? Explain with some suitable examples.
19) What is the fine difference between a monopoly and monopolistic competition market?
Give some examples
20) State the entry barriers in imperfect market conditions.