Engineering and Managerial Economics (EME) Subject Code: EHU-501

Question Bank
Unit -1
1. Discuss the Marshallian approach of economics. (UPTU-2013-14)
2.Explain the role of managerial economics in the managerial decision making.
(UPTU-2013-14)
3. Is economics Science and Art ? Give your views and reasons for it. (UPTU-201213)
4. Explain the role of Science, Engineering
development of a nation. (UPTU-2012-13)

and

technology

in

Economics

5. Define micro and macro economics.

6. Define Science, Engineering and Technology.
7. Explain the nature and scope of economics
8. What is engineering economics?
9. What is the scope of economics from engineering perspective?
10.

List out the characteristics of engineering economics

11.
Managerial economics plays a very crucial role in engineering Comment.
(UPTU-2010-11)
12.
What do you think about economics and managerial economics? (UPTU2010-11)

Unit -2
1. What do you mean by Demand?
2. lot the diagram showing Demand Curve for the Demand Schedule given below:
(UPTU-2011-12)
a. Demand schedule
Price per Pizza

Quantity
Demanded
week ( millions)

a)

15

b)

12

14

c)

20

d)

26

e)

32

per

Engineering and Managerial Economics (EME) Subject Code: EHU-501

b. Detail and differentiate diagrammatically, the Movement along Demand
Curve and Shift in demand curve.
c. What is price elasticity of demand?
3. What are the factors on which price elasticity of demand depends? (UPTU2013-14)
4. Law of demand is a qualitative statement while elasticity of demand is
quantitative statement. Explains. (UPTU-2013-14)
5. List out types of Goods.
6. Discuss the various types of demand. What are the factors that influence the
demand for commodity? Explains. (UPTU-2012-13)
7. Differentiate between in Movement along the Demand curve and shift in
demand. (UPTU-2012-13)
8. What is demand function?
9. Explain the law of demand with an example. (UPTU-2010-11)
10.

Why the demand curve is sloping downwards?

11.

What factors determine the demand of the commodities?

12.

Explain income effect and substitution effect on the demand of a commodity.

13.

Define the cross elasticity of demand.

14. Explain price elasticity of demand and discuss determinates of price

elasticity of demand.
15.

How the elasticity of demand helps in managerial decision?

16.

What are the giffin goods?

Unit -3
1. What do you mean by demand forecasting? Discuss any two method of demand
forecasting. (UPTU-2012-13)
2. Write the contribution of analysis of demand on business decision making.
3. What is the law of diminishing marginal utility? (UPTU-2013-14)
4. Discuss in detail the laws of return to scale. (UPTU-2012-13)
5. Define the production function and explains its attributes with reference to an
industrial firm. (UPTU-2013-14)
6. Define production function with examples.
7. Define the concept of opportunity cost.
8. Write short notes on marginal cost, fixed cost, variable cost, endogenous variables
and exogenous variables.

Engineering and Managerial Economics (EME) Subject Code: EHU-501

9. Explain the short-run and long run cost curves. Mention the importance of these
curves. (UPTU-2013-14)
10.

What is law of diminishing utility? (UPTU-2012-13)

11.
What is the statistical method of demand forecasting? Describe any two
methods in detail.
12.

Describe the economic method of demand forecasting in detail.

13.
What is the survey method of demand forecasting? Describe any two
methods in detail.
14.

Write down the steps of demand forecasting one by one in detail.

15.

Describe the regression method of demand forecasting.

16.
Plot a diagram showing Total cost, Fixed cost and variable cost. Also describe
each. (UPTU-2010-11)

Unit -4
1. What are the features of a market? Briefly explains the various types of market
structures. (UPTU-2013-14)
2. What are the factors that determine market structure?
3. How does the market structure affect pricing decision of a firm?
4. Why firm under Perfect Competition is price taker? (UPTU-2012-13)
5. Define the perfect competition. What are the characteristics of perfectly
competitive market?
6. What are the different types of markets? What is difference between Monopoly
and Oligopoly? (UPTU-2012-13)
7. Distinguish between
(a) Monopolistic completion and oligopoly
(b)Perfect Competition and Imperfect Competition.
(c) Monopoly and monopolist completion.
8. What factors determine the price of a product in perfect competition?
9. Describe Short run equilibrium under monopolistic competition. (UPTU-2012-13)
10.

In perfect competition whether the firm is price taker or price maker.

11.
Explain and illustrate price and output determination by a monopoly firm in
short-run.
12.
How the price of a commodity is determined in perfectly competitive
market.
13.

Define the monopolistic competition.

14.

How the monopolistic competition is different from the perfect competition.

Engineering and Managerial Economics (EME) Subject Code: EHU-501

15.
Explain and illustrate the determination of equilibrium price and output
under monopolistic competition in short run.
16.
Define oligopoly. What is the basic difference between the oligopoly and
monopolistic competition?
17.

What is discrimination of prices under monopoly?

18.
A market is body of person in such commercial relations that each can
easily acquaint himself with the rates at which certain kinds of exchange of goods
or services are from time to time made by others. Comment. (UPTU-2010-11)
19.
Plot the diagram about the short run equilibrium of a perfectly competitive
firm. (UPTU-2010-11)
20.
12)

Answer any two of following : .

(UPTU-2011-

a. Choose the diagram showing the tendency of Fixed Cost Curve. Also
define Fixed Cost Curve.
(A)

(B)

(C)

FC
PRICE

PRICE

QUANTITYE

FC

QUANTITYE

PRICE

FC

QUANTITYE

b. What is Diminishing Return to scale?

c. What is Production function?

Unit -5
1. What is Nation Income? Write down the various method of measuring national
income. (UPTU-2012-13)
2. What Kind of business decisions are influenced due to change in national income?
3. What is the relevance of national income?
4. What are the problems in estimation of national Income by using expenditure
method? What precautions should be used while using this method? (UPTU2013-14)
5. What is the importance in choosing the method for estimating the national
income?

Engineering and Managerial Economics (EME) Subject Code: EHU-501

6. Describe in detail the measurement method of national income.
7. Make the difference between factor income method and net product method
which is used for measuring the national income.
8. Discuss the concept of Inflation and Deflation. How do they effect the economic
activity?
9. Which method is used by CSO for measuring the national income of India?
10.
What do you mean by value added? Explain the value added method for
measurement of national income.
11.
Is there any difference in measurement of national income for closed
economy and open economy? How the foreign income is treated while estimating
the national income.
12.

What is economy condition of India and China in World Economy?

13.
What is the basis of division of the income groups for families? Why
multinationals or consumer goods manufacturing companies are luring towards
India?
14.
Give a brief description of phases of business cycle with the diagrammatic
presentation. (UPTU-2010-11)
15.
Describe the boom. Which point shows the condition of boom? (UPTU2010-11)

Sale

Time

16.

What is inflation? Describe about the causes of inflation. (UPTU-2010-11)