ANU UG/Degree 4th Sem(Y23) Fundamentals of Economics Unit Wise Important Questions

 ANU UG/Degree 4th Sem(Y23) Fundamentals of Economics Unit Wise Important Questions are now available, these questions are very important for your semester exams. These questions are prepared by top qualified faculty. Read these questions for good marks.

Unit I: Basic Concepts

1. Define Economics and explain its nature and scope.
2. Differentiate between Microeconomics and Macroeconomics with suitable examples.
3. Discuss the importance of Economics in decision-making for individuals and businesses.
4. How does scarcity influence economic choices? Illustrate with examples.
5. Explain the role of opportunity cost in economic decision-making.
6. Discuss the fundamental economic problems that every economy faces.

Unit II: Microeconomic Concepts

1. Define Demand and Supply. Explain the factors influencing demand and supply.
2. What is the Law of Diminishing Marginal Utility? How does it impact consumer behavior?
3. Explain the concept of Indifference Curve Analysis and how it determines consumer equilibrium.
4. Discuss the Production Function and its significance in economics.
5. Explain the types of costs and revenues in production.
6. What are the different types of market structures? Compare their characteristics.

Unit III: Macroeconomic Concepts

1. Define National Income. Explain the methods of measuring national income.
2. What is money? Discuss its types and functions.
3. Explain the role of the Central Bank and Commercial Banks in an economy.
4. Define Inflation. Discuss its causes and anti-inflationary measures.
5. What are the key differences between Monetary Policy and Fiscal Policy? Explain with examples.
6. How do monetary and fiscal policies help in controlling economic fluctuations?