AIOU Guess Paper Introduction to Microeconomics Code 801

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AIOU Guess Paper Advanced Microeconomics Code 805
AIOU Guess Paper Advanced Microeconomics Code 805

AIOU Guess Paper Introduction to Microeconomics Code 801

ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

Course: Course Introduction to Microeconomics (Code 801)

Guess Papers

Q # Questions/Answers
1 Derive and explain the Marshallian and Hicksian demand curves using the indifference curve approach?
2 What is meant by elastic demand? How elasticity of demand can be measured. Explain in detail.
3 Explain in detail the concept of returns to scale in production theory?
4 Discuss in detail the long-run traditional theory of costs?
5 Explain the Short-run process of price and output determination under perfect competition?
6 Discuss in detail the concept of price discrimination?
7 Discuss in detail the cournot model of non-collusive oligopoly?
8 Write short note on the followings:

1.     Market demand curve.

2.     Concept of Industry.

9 Define microeconomics, also discuss the subject matter of microeconomics in detail.
10 Describe the revealed preference theory and also derive the demand curve of a consumer under this theory.
11 What is meant by elastic demand and inelastic demand with day to day examples?
12 Describe the three stages of production why would the firm avoid from producing  in stage one and three?
13 Define monopoly, also differentiate the short run equilibrium positions and long run equilibrium position of a monopolist.
14 Critically examine Chamberline’s model of monopolistic competition.
15 Discuss Bertrand model of Duopoly in detail.
16 Write notes on any two of the followings;

1)    Expansion Path

2)    Economies of Scale

3)    Government Regulated Monopoly

17 What is Indifference curve? Explain in detail the properties of Indifference curve?
18 Explain in detail the long-run traditional theory of coasts?
19 Discuss in detail the Stackelberg model of non-collusive oligopoly?
20 Explain in detail the concept of Cobb-Douglas production function?

 

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AIOU Guess Paper Introduction to Microeconomics Code 801

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