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KANPUR INSTITUTE OF TECHNOLOGY,KANPUR

SUBJECT CODE:EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
Question Bank
UNIT-I
1. Explain the Meaning of Economics?
2. Describe in detail the Nature and Scope of managerial economics?
3. What is the meaning of Science, Engineering and Technology in relation to economics?
4. What are Managerial Economics and its scope in engineering perspective?
5. What do you mean by micro economics?
6. Explain macro economics?
7. How managerial economics does helps in decision making?
8. Explain the features and characteristics of managerial economics?
9. Under what heads Economics can be studied?
10. Explain the Relationship between managerial economic, economic, and other subjects?
UNIT-II
1. What do you mean by Demand?
2. Explain the Law of Demand?
3. Explain the demand schedule?
4. Explain the Demand Function and Demand Curve?
5. What are the Types of Demand?
6. What are the factors/determinants affecting demand?
7. Describe the exception to th e law of demand?
8. What do you mean by elasticity?
9. Explain the types of elasticities?
10. What are the determinants of elasticities?
11. Explain price elasticity?
12. What is income elasticity?
13. What do you mean by cross elasticity?
14. Elaborate the uses of elasticity of demand in managerial decision making?

UNIT-III
1. Explain the Meaning, significance demand forecasting?
2. What are the methods of demand forecasting?
3. Describe the production function?
4. What do you mean by Laws of returns to scale?
5. Explain Law of Diminishing returns scale?
6. What do you mean by cost?
7. Give an overview of Short and Long run cost curves?
8. What are the different types of cost?

9. What are the Steps in Demand Forecasting?


10. Explain Total, Average and Marginal products?
11. Explain the Relationship between production and costs?
12. What are the managerial uses of cost curves?
UNIT-IV
1. What do you mean by market?
2. What are the types of market?
3. Explain perfect competition?
4. What are the features of perfect competition?
5. Elaborate imperfect competition
6. What do you mean by monopolistic competition?
7. Explain the features of monopolistic competition?
8. What do you mean by oligopoly and explain its features?
9. What do you mean by duopoly?
10 how is price determined under perfect competition?
11. How is price determined under imperfect competition?
UNIT-V

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Explain the Concept of N.I.?


How is national income measured?
What do you mean by Inflation?
What are the Types of inflation?
Explain the causes of inflation?
What are the methods of preventing inflation?
What is business cycle?
What are the Phases of business cycle?

TEST PAPERS
KANPUR INSTITUTE OF TECHNOLOGY
CLASS TEST -1
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
SET A
Time: 50 min
Total Marks: 8
Attempt all Questions
All questions carry 2 marks each:
1. Explain the Relationship between managerial economic, economic, and other subjects?
2. Explain the features and characteristics of managerial economics?
3. Under what heads Economics can be studied?
4. Explain the Relationship between managerial economic, economic, and other subjects
KANPUR INSTITUTE OF TECHNOLOGY
CLASS TEST -1
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
SET B
Total Marks: 8

Time: 50 min
Attempt all Questions
All questions carry 2 marks each:
1. Describe in detail the Nature and Scope of managerial economics?
2. Differentiate between micro and macro economics?
3. Explain macro economics?
4. How managerial economics does helps in decision making?

KANPUR INSTITUTE OF TECHNOLOGY


CLASS TEST -2
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
SET B
Time: 50 min
Total Marks: 8
Attempt all Questions
All questions carry 2 marks each:
1. Explain the Meaning, significance demand forecasting?
2. . What do you mean by Laws of returns to scale?
3. Explain the Demand Function and Demand Curve?
4. What are the Types of Demand?

KANPUR INSTITUTE OF TECHNOLOGY


CLASS TEST -2
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
SET A
Time: 50 min
Total Marks: 8
Attempt all Questions
All questions carry 2 marks each:
1. Explain the types of elasticities?
2. What are the determinants of elasticities?
3. What are the factors/determinants affecting demand?
4. Describe the exception to th e law of demand?

KANPUR INSTITUTE OF TECHNOLOGY


CLASS TEST -3
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
SET A
Time: 50 min
Attempt all Questions
All questions carry 2 marks each:
1. Describe the production function?
2. Give an overview of Short and Long run cost curves?
3. Explain Total, Average and Marginal products?
4. Explain the features of monopolistic competition?

Total Marks: 8

KANPUR INSTITUTE OF TECHNOLOGY


CLASS TEST -3
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
SET B
Time: 50 min
Total Marks: 8
Attempt all Questions
All questions carry 2 marks each:
1. Describe the production function?
2. Give an overview of Short and Long run cost curve?
3. Explain the Relationship between production and costs?
4. What do you mean by oligopoly and explain its features

KANPUR INSTITUTE OF TECHNOLOGY


CLASS TEST -4
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
SET A
Time: 50 min
Attempt all Questions
All questions carry 2 marks each:
1. What are the features of perfect competition?
2. How is price determined under imperfect competition?
3. Explain the causes of inflation?
4. What are the methods of preventing inflation?

Total Marks: 8

KANPUR INSTITUTE OF TECHNOLOGY


CLASS TEST -4
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
SET B
Time: 50 min
Attempt all Questions
All questions carry 2 marks each:
1. Explain the features of monopolistic competition?
2. What do you mean by oligopoly and explain its features?
3. What is business cycle?
4. What are the Phases of business cycle

Total Marks: 8

ASSIGNMENTS
KANPUR INSTITUTE OF TECHNOLOGY
ASSIGNMENT-1
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
Submission date:20/8/10

Total Marks: 2

1. Define managerial economics? State its scope.


2. What do you mean by managerial economics? Discuss the role played by it in a business?
3. Define managerial economics? Shoe that the difference between managerial economics and
economics?
4. Define firm? Discus its different objectives?
5. Explain the concept of profit maximization of a business?
KANPUR INSTITUTE OF TECHNOLOGY
ASSIGNMENT-2
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
Submission date:29/8/10

Total Marks: 2

1. What is elasticity of demand? How it can be measured?


2. What is demand forecasting/ discuss the factor involved in the process of demand
forecasting?
3. What is demand forecasting? Discuss the purposes of forecasting demand?
4. Explain in brief the various types of survey methods of demand forecasting? How are
survey methods superior to statistical methods?
5. Discuss in brief different statistical methods of forecasting demand and point out their
merits and limitations?
6. Write short notes on:
a. Law of demand
b. A firm
c. Marginal cost curve
7. Write short notes on:
a. Derived and autonomous demand
b. Income elasticity of demand
c. Delphi method of forecasting demand
8. Write short notes on:
a. Cross elasticity of demand
b. Giffen goods
c. Barometric technique

9. Write short notes on:


a. Direct and indirect demand
b. Trend projection method
c. Concept of elasticity.
KANPUR INSTITUTE OF TECHNOLOGY
ASSIGNMENT-3
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
Submission date:8/10/10
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Total Marks: 2

Explain the short run equilibrium of a firm under perfect competition


Explain the long run equilibrium of a firm under perfect competition
What is monopoly? Explain the nature of demand and marginal revenue curves under
monopoly?
How price is determined in a perfectly competitive market?
How price is determined in monopoly, when a firm can maximize profit?
Explain the equilibrium of monopoly firm? How that price fixed by the monopolist is less
than the marginal cost of production?
What do you mean by monopolistic competition? State its features?
Discuss about the nature of demand and marginal revenue curve under monopolistic
competition?
State and explain the price output equilibrium of a firm in the long-run under
monopolistic competition?
KANPUR INSTITUTE OF TECHNOLOGY
ASSIGNMENT-4
B.TECH (ME)
SUBJECT CODE: EHU-501
ENGINEERING & MANAGERIAL ECONOMICS
Submission date:18/10/10

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6.

How is national income measured?


What do you mean by Inflation?
What are the Types of inflation?
Explain the causes of inflation?
What are the methods of preventing inflation?
What is business cycle?

Total Marks: 2