Differentiate between any three:
(a) Long run equilibrium of Monopoly and Perfect competition
(b) Bertrand and Stackelberg model
(c) First Degree and third-degree price discrimination
(d) Asymmetric Information and Moral Hazard
See Answer →Explain the concept of excess capacity under Monopolistic Competition.
See Answer →Natural Monopoly cannot have Marginal cost Pricing. Explain why?
See Answer →Differentiate between Bergson-Samuelson Social Welfare Function and Classical Utilitarian or Benthamite Welfare Function
See Answer →What are Iso-welfare curves? How do they help in determining the maximum point of social welfare?
See Answer →What is a Contract curve? Explain how any perfectly competitive equilibrium allocation is Pareto efficient.
See Answer →What is Deadweight loss for a monopolist? If a monopolist faces the demand curve given by P(Q) = 20-2Q and the cost function as 2Q+ Q2 , calculate the deadweight loss that he might face.
See Answer →What are Public Goods? How is the optimal provision of public goods done in the society?
See Answer →Write a short note on dynamic stochastic general equilibrium models.
See Answer →Describe the implications of Tobin’s q theory on stock market performance and investment of a firm
See Answer →Describe the various channels of monetary transmission mechanism.
See Answer →State the major inferences on policy that we can draw on the basis of new-classical economics.
See Answer →What is a loss function? How does the shape of the function change according to perception of inflation and unemployment by the Central Bank?
See Answer →Explain how the life cycle hypothesis resolves the Kuznets’ puzzle on consumption function.
See Answer →Describe the transmission channels through which monetary policy works.
See Answer →Explain the knife-edge problem and its implications for economic growth of an economy.
See Answer →Explain the knife-edge problem and its implications for economic growth of an economy.
See Answer →Describe the salient features of business cycle. What are the leading indicators and the lagging indicators of business cycle?
See Answer →Bring out the salient features of the Romer model of endogenous economic growth.
See Answer →Write a short note on regression through the origin.
See Answer →