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University of Barishal

Department of Computer Science and Engineering

Final Exam

Course Title: Economics (HUM-3111)

Semester: 5th | Session: 20-21

Time: 120 minutes | Marks: 60.00

View 38 Topic-wise Questions for this Course

Answer any Four (4) of the following Questions.

1.

a)

What is the opportunity cost? Briefly explain the opportunity cost with examples. Why is opportunity cost important in decision-making?

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Topics: Production and Cost Solution is Coming!
10 Marks
b)

How can interdisciplinary skills in economics and computer science improve problem-solving capabilities in technology innovation?

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Topics: Economics and Technology Solution is Coming!
5 Marks
2.

a)

State the law of demand and the law of supply.

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Topics: Demand and Supply Solution is Coming!
3 Marks
b)

Explain the determinants of demand and supply.

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Topics: Demand and Supply Solution is Coming!
6 Marks
c)

Using the information given in the following table:

i. Draw demand and supply curve
ii. Determine equilibrium price and quantity
iii. Determine shortage and surplus at price 1 and 3 respectively
 

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Topics: Consumer Behavior / Consumer Surplus , Demand and Supply , Market Equilibrium Solution is Coming!
6 Marks
3.

a)

What is the price elasticity of demand?

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Topics: Demand and Supply Solution is Coming!
4 Marks
b)

Explain the properties of indifference curve.

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Topics: Basic Economics Solution is Coming!
5 Marks
c)

Using the information given in the following table:

i. Find marginal utility for each unit of consumption
ii. Draw total utility curve and marginal utility curve
iii. Explain the shape of total utility curve and marginal utility curve

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Topics: Consumer Behavior / Consumer Surplus , Theory of Demand Solution is Coming!
6 Marks
4.

a)

What is production? What are the various ways of creating utility?

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Topics: Factors of Production Solution is Coming!
5 Marks
b)

What is mobility of factors of production? Discuss the importance of factors of production in the economy of a country?

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Topics: Factors of Production Solution is Coming!
5 Marks
c)

Diagrammatically explain the concept of consumer's surplus. Explain the problems of measuring consumer's surplus.

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Topics: Consumer Behavior / Consumer Surplus Solution is Coming!
5 Marks
5.

a)

Using circular flow diagram for an autarky economy, explain why an economy's income must equal its expenditure.

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Topics: Basic Economics Solution is Coming!
4 Marks
b)

Define nominal and real GDP. Which is a better measure of economic well-being? Why?

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Topics: GDP (Gross Domestic Product) , Macroeconomic Indicators , National Income Accounting Solution is Coming!
4 Marks
c)

Discuss the dynamic theory of profit.

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Topics: Theory of Profit Solution is Coming!
7 Marks
6.

a)

What are the arguments for and against protection? Is free trade justifiable for developing countries?

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Topics: International Trade Policy Solution is Coming!
5 Marks
b)

What is the difference between balance of payments and trade? Discuss the measures which are taken for correcting deficit in the balance of payment?

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Topics: International Trade Policy Solution is Coming!
5 Marks
c)

Explain the monetary tools of central bank to increase money supply.

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Topics: Monetary Policy Solution is Coming!
5 Marks
View 38 Topic-wise Questions for this Course

Contributors of this Question:

Role Name Date
Uploaded By: Md Rayhanul Islam Sept. 15, 2025, 12:54 p.m.
Converted By (Img/PDF to Text): Baishakhi Bir Nov. 30, 2025, 5:02 p.m.
Reviewed By: Obaydul Hasan Nayeem Nov. 30, 2025, 7:54 p.m.
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