i. What is the main concept of Economics? ii. Explain the three common fallacies in Economics. iii. State the Law of Demand and the Law of Supply. iv. Draw only the Circular Flow Diagram in a market economy. v. Define the following with examples: Normal Good, Giffen Good

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

Explain the properties of indifference curve.

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
 

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

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

Given: Qd = 100-5P and Qs= 10+40P; Draw a demand curve and supply curve, and also find the equilibrium price and quantity.

State the law of demand and the law of supply.

Explain the determinants of demand and supply.

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
 

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

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

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

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

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

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

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

Given: Qd = 100-5P and Qs= 10+40P; Draw a demand curve and supply curve, and also find the equilibrium price and quantity.

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
 

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

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

Draw and explain a production possibility frontier of two goods and show: efficient, inefficient and unattainable points.

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

Give explanation on different price elasticity of demand by using diagrams. (Ed>1, Ed<1, Ed=1, Ed=∞ and Ed=0).

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

What is the meaning of Economics? Differentiate between microeconomics and macroeconomics.

Describe the Law of Demand and Law of Supply, show the market equilibrium and price adjustments by using demand and supply curve.

Draw a supply curve from a hypothetical supply schedule. Find the factors that might affect the Quantity Supplied (Qs) of a good without its price.

Make a critical comparison between GDP deflator and CPI.

What is utility? Discuss the law of diminishing marginal utility with example.

Explain the three basic economic questions with the help of scarcity, opportunity cost, efficiency and equity.

What do you understand by ‘Price Elasticity of Demand’? Graphically show that price elasticity of demand falls into three categories.

Give definitions with examples: normal goods, substitute goods, giffen goods, inferior goods, and complementary goods.

Why does the demand curve slope downwards to the right?

Draw a production possibility frontier of two goods, show and explain efficient, inefficient and unattainable points.

Consider the following situation:
Price of a particular good is raised from BDT (Bangladeshi Taka) 100 to BDT 120. As a result, according to the law of demand, Quantity Demanded falls from 240 Units to 180 Units.
Now, calculate the Price Elasticity of Demand by using the appropriate formula.

Show the shifts of demand and supply curve for X goods of the following conditions:
i. increase in income when X is an normal good
ii. decrease in income when X is an inferior good
iii. increase in the cost of production of X.

Define employed, unemployed and not in labor force.

Explain diamond-water paradox in terms of economics.