Micro Economics Theory, MA Economics Sargodha University Past Papers 2016

Sergoda University MA Economics Paper-I Micro Economics Theory Past Papers 2016

Here you can download Past Papers of Paper-I Micro Economics Theory, MA Economics Part One, 1st & 2nd Annual Examination, 2016 University of Sergoda.

Micro Economics Theory UOS Past Papers 2016

M.A. Economics Part – I

Paper-I(Micro Economics)     1st Annual Exam.2016

Time: 3 Hourse                                        Marks:100

Note: Objective part is compulsory. Attempt any four questions from subjective Part.

Objective Part

Q.1: Write short answers of the following in 2-3 lines each.

  1. Explain axiom of transitivity.
  2. What is short-run supply shock?
  3. What is “Reserve Price”
  4. What are economies of scale?
  5. Define learning curve?
  6. Explain the concepts of reserve capacity.
  7. What are homothetic preferences?
  8. What is expected utility function?
  9. What is basic assumption of Cournot’s model”?
  10. What is the application of Roy’s Identity?

Subjective Parts

Q.2: Draw Marshallian, Hicksian and Slutsky demand curves graphically with the help of indifference curves. Also compare ordinary and compensated demand curves.

Q.3:     By considering the general form of Cobb-Douglas function i.e. X = b0 Lb1 Kb2 and the cost equation C = wL + rK derive the total cost as a function of X, b0 , b1, b2, w and r.

Q.4:     (a) Differentiate between collusive and non-collusive oligopoly.

Explain Paul A. Sweezy’s model of non-collusive oligopoly.

Q.5. Compare market sharing cartel & Joint profit maximizing  cartel in detail.

Q.6:     Why does efficiency in consumption require the MRS of all consumers to be the same?

Q.7:     Write comprehensive note on the following?

(a)        Shephard’s Lemmma Propery.

b) Total & Marginal cost curves under engineering theory of cost.