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Re: Economics Notes for Fybcom Mumbai University
As you are looking for Mumbai university B.com 1st year Economics paper notes/syllabus , so on your demand I am providing same for you: Section I Module 1 1. Explain the following concepts: a) Demand function b) Elasticity of demand c) Income elasticity of demand d) Cross elasticity of demand e) Promotional elasticity of demand f) Consumer’s surplus g) Demand forecasting 2. Distinguish between: a) Income elasticity of demand and Cross elasticity of demand / Promotional elasticity of demand b) Direct and Indirect methods of demand forecasting 3. Discuss the various determinants of demand. 4. Explain different types of Income elasticity of demand. 5. What are the various types of Cross elasticity of demand. 6. Explain the concept of Promotional elasticity of demand. 7. Describe the concept of Consumer’s surplus. 8. Explain steps involved in demand forecasting. 9. Discuss the direct methods of demand forecasting. 10. Discuss Indirect or Statistical methods of demand forecasting. Module 2 1. Explain the following concepts: a) Production function b) Short run production function/ Law of variable proportions c) Long run production function/ Laws of returns to scale d) Cobb-Douglas Production function e) Iso-quants f) Iso-cost line/ Budget line g) Economies of scale h) Diseconomies of scale i) Opportunity cost j) Producer’s surplus 2. Distinguish between: a) Short run production function and Long run production function b) Increasing returns to scale and Decreasing returns to scale c) Economies of scale and Diseconomies of scale d) Social cost and Private cost e) Money cost and Real cost f) Economic cost and Accounting cost g) Fixed cost and Variable cost h) Average cost (AC) and Marginal cost (MC) i) Average Fixed cost (AFC) and Average Variable cost (AVC) j) Consumer’s surplus and Producer’s surplus 3. Explain the concept of production function. 4. Discuss the Law of variable proportions. 5. Write a note on Returns to scale. 6. What is least cost combination? Discuss the conditions for Producer’s equilibrium. 7. Explain various Economies of scale. 8. Explain the concept of Opportunity cost. 9. Derive the various short run cost curves. 10. Explain why LAC curve is known as a Planning curve. 11. Write notes on: a) Optimum firm b) Producer’s surplus Module 3 1. Explain the following concepts: a) Total revenue b) Average revenue c) Marginal revenue d) Break even point 2. Distinguish between: a) Average revenue and Marginal revenue b) Profit maximization and Growth maximization 3. Explain different concepts of revenue. 4. Discuss the relationship between TR, AR and MR under perfect competition. 5. Discuss the relationship between TR, AR and MR under monopoly. 6. Explain the various objectives of a firm. 7. Explain fully the concept of Break even analysis. 8. Explain the conditions for equilibrium of a firm under perfect competition. 9. Discuss the conditions for equilibrium of a firm under monopoly Mumbai university B.com 1st year Economics paper notes/syllabus |
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