AMBALIKA INSTITUTE OF MANAGEMENT AND TECHNOLOGY,

LUCKNOW
ENGINEERING AND MANAGERIAL ECONOMICS (EHU-501)
B.TECH Vth SEMESTER (EC, CE, CS1, CS2)
THIRD SESSIONAL EXAMINATION
TIME: 1 HOUR 30 Mins.
MAX
MARKS: 100
Q.1 Attempt any four of the following: 4X5=20
1. Write a note on Economic Development.
2. Briefly explain the kinds of elasticity of demand.
3. Give long term objectives of demand forecasting.
4. What happens to equilibrium price when supply of a product
falls and its demand remains constant?
5. Why does a firm has no control over the prices under perfect
competition?
6. Describe Cost- Push Inflation.
Q.2
10X2=20
(i) Differentiate between positive economics and normative
economics.
(ii) Explain the significance of economics from the point of view
of
(a) Individuals (b) Business firms (c) Nation
OR
(i)Examine the interrelationship between macro and micro
economics.
(ii)Define Engineering. What is the contribution of Engineering to
modern civilization?
Q.3
10X2=20
(i) Show how the demand for a commodity depends upon:
(a) Price of that commodity (b) Income of Consumer
(c) Prices of other related commodities
(ii)Explain the percentage method of determining Price Elasticity
of demand.
OR
(i)What are the various statistical methods of demand
forecasting?
(ii) Define Production function and explain its attributes with
reference to an industrial firm.
Q.4
10X2=20
(i) What do you mean by the market? What factors determine
the extent of market?
(ii) Briefly explain the features of perfectly competitive market?
What type of demand curve does a firm have under perfect
completion?
OR

(i)Discuss the causes of inflation. How can inflation be

controlled?
(ii)Discuss the features of a business cycle and comment on the
statement, If boom is bad, Depression is worse.
Q.5
Write short notes on any 4 of the following: 4X5=20
(1) Deflation, Reflation
(2) GDP, NNP (3) Oligopoly
(4) Direct and Indirect Cost
(5) Accounting v/s Economic profit
(6) Law of variable proportion
(7) Demand curve of Giffin goods
AMBALIKA INSTITUTE OF MANAGEMENT AND TECHNOLOGY,
LUCKNOW
ENGINEERING AND MANAGERIAL ECONOMICS (EHU-501)
B.TECH Vth SEMESTER (EC, CE, CS1, CS2)
THIRD SESSIONAL EXAMINATION
TIME: 1 HOUR 30 Mins.
MAX
MARKS: 100
Q.1 Attempt any four of the following: 4X5=20
1. Write a note on Economic Development.
2. Briefly explain the kinds of elasticity of demand.
3. Give long term objectives of demand forecasting.
4. What happens to equilibrium price when supply of a product
falls and its demand remains constant?
5. Why does a firm has no control over the prices under perfect
competition?
6. Describe Cost- Push Inflation.
Q.2
10X2=20
(i) Differentiate between positive economics and normative
economics.
(ii) Explain the significance of economics from the point of view
of
(a) Individuals (b) Business firms (c) Nation
OR
(i)Examine the interrelationship between macro and micro
economics.
(ii)Define Engineering. What is the contribution of Engineering to
modern civilization?
Q.3
10X2=20
(i) Show how the demand for a commodity depends upon:
(a) Price of that commodity (b) Income of Consumer
(c) Prices of other related commodities
(ii)Explain the percentage method of determining Price Elasticity
of demand.
OR

(i)What are the various statistical methods of demand

forecasting?
(ii) Define Production function and explain its attributes with
reference to an industrial firm.
Q.4
10X2=20
(i) What do you mean by the market? What factors determine
the extent of market?
(ii) Briefly explain the features of perfectly competitive market?
What type of demand curve does a firm have under perfect
completion?
OR

(i)Discuss the causes of inflation. How can inflation be

controlled?
(ii)Discuss the features of a business cycle and comment on the
statement, If boom is bad, Depression is worse.
Q.5
Write short notes on any 4 of the following: 4X5=20
(1) Deflation, Reflation
(2) GDP, NNP (3) Oligopoly
(4) Direct and Indirect Cost
(5) Accounting v/s Economic profit
(6) Law of variable proportion
(7) Demand curve of Giffin goods