2 Marks questions

1 Explain the central problem of economics?

2 What do you understand by capital? Explain the difference between money and
capital.
3 Differentiate between wealth and money.
4 What do you understand by inflation? How does it affect Civil Engineering
projects?
5 Explain Law of Demand.
6 Explain law of diminishing marginal utility.
7 Explain time value of money.
8 Why it is important to study economics for Civil Engineers?
9 Define Macro Economics and Microeconomics.
10 Define wealth and income.
5 Marks questions
1 Enlist methods of forecasting the demand and explain best suitable method to
forecast demand for luxurious villa project in detail.
2 Explain importance of Microeconomics from the point of view of real estate
business.
3 Explain the factors affecting demand in detail.
4 Explain various types of firms.
10 Marks questions
1 Differentiate between Macroeconomics and Microeconomics in detail. Also explain
how macroeconomics affect Civil Engineering projects.
2 Explain importance of economics studies from the Construction management point
of view. Also explain the importance of carrying out project feasibility study.
3 Enlist market structures and explain each with suitable example.