SNS COLLEGE OF TECHNOLOGY

(An Autonomous Institution, Affiliated to Anna University)

Coimbatore - 35
Reg No:

M.B.A. DEGREE END SEMESTER EXAMINATION, APRIL / MAY 2015

FIRST SEMESTER
BA602 - ECONOMIC ANALYSIS FOR BUSINESS
Regulations 2013
TIME : 3 HOURS MAX. MARKS : 100

ANSWER ALL QUESTIONS

PART – A (10 X 2 = 20 MARKS)

1. Define Managerial Economics. 2

2. Describe Production Possibility Frontier. 2

3. Define elasticity of demand. 2

4. Tell about the consumer equilibrium. 2

5. Define Cost Function. 2

6. Describe Market Efficiency. 2

7. Define Isoquants. 2

8. Tell the meaning of Fiscal policy. 2

9. Describe GDP and GNP. 2

10. Define money market. 2

PART – B (5 X4 = 20 MARKS)

11. Differentiate Allocative efficiency Vs Productive efficiency. 4

12. Discuss the reasons for the diseconomies of scale. 4

13. Explain the relationship between short-run and long-run cost functions. 4

14. Discuss the factors influencing the short-run aggregate supply. 4

15. Explain the Objectives of monetary policy. 4

PART – C (5 X 12 = 60 MARKS)

QUESTION No 16 is COMPULSORY
16. The oil price has fallen by more than 40% since June, when it was $115 a
barrel. It is now below $70. This comes after nearly five years of stability.
At a meeting in Vienna on November 27th the Organization of Petroleum
Exporting Countries, which controls nearly 40% of the world market,
failed to reach agreement on production curbs, sending the price tumbling.
Also hard hit are oil-exporting countries such as Russia (where the rouble
has hit record lows), Nigeria, Iran and Venezuela.
Questions:
12
Why is the price of oil falling?
17. a Explain the determinants of demand in an economy. 12

(OR)

b Discuss the types of economies of scale. 12

18. a Explain the different types of market structures with suitable examples. 12

(OR)

b Discuss about the economic costs of imperfect competition. 12

19. a Discuss about the objectives of macroeconomics. 12

(OR)

b Illustrate the methods of determining national income (GDP). 12

20. a State the implications of Okun’s Law for policymakers. 12

(OR)

b Discuss the implications of Phillips curve for policymakers. 12

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