Some important questions of Economics

1. State and explain the definition of economics provided by Alfred Marshall (May’16)

2. Discuss the importance of economics in our daily life (May’16).

3. Discuss the statement “Economics is a science of wealth”.

4. Discuss the statement “Economics is the study of mankind in the ordinary business of life”.

5. Explain “Economics is the study of art as well as science”.

6. Discuss how equilibrium market price is determined through the interaction of demand and supply.

7. What is an indifference curve and what are its characteristics?

8. Explain with the help of a budget line and an indifference curve, how consumer reaches the highest level of satisfaction.

9. What is the price elasticity of demand?

10. What are the characteristics of a perfectly competitive market?

11. Explain the concept of GDP, GNP and NNP.

12. Discuss the problem faced in estimating/calculating GDP of a country.

13. What is meant by budget deficit?

14. How can a deficit budget be financed?

15. What is inflation? Discuss main causes of the present state of the inflation.

16. How monetary policy can be used to control inflation?

17. Discuss the difference between “positive economics” and “normative economics”.

18. Discuss the relation of economics with (i) Statistics (ii) Sociology and (iii) Political science

19. What is the law of demand? Explain with the help of diagram.

20. Distinguish between price elasticity of demand and income elasticity of demand.

21. Importance the concept of price elasticity of demand in real life.

22. Discuss in what way Bangladesh can attract more FDI in the country.

23. Provide arguments to welcoming FDI in Bangladesh.

24. What is meant by production function?

25. What is unemployment and what are its various types?

26. Stages remedies for unemployment in Bangladesh.

27. What are the goals/objectives of monetary policy of Bangladesh?

28. Discuss present argument for welcoming foreign in Bangladesh.

29. Discuss the difference between ‘balance of trade’ and ‘balance of payment’.

30. Distinguish between micro-economics and macro-economics (May’16).

31. What do you mean by the law of demand and law of supply?

32. Discuss, “In monopoly there is no supply curve”.

33. Discuss the prevailing structure of the banking system in Bangladesh.

34. Discuss the different methods of calculating GDP.

35. Discuss the main macro-economic goals in Bangladesh (May’16).

36. Explain the law of supply and discuss why a supply curve usually slopes upward to the right May’16).

37. Discuss the importance of SME

38. Explain “Inflation is like a tax on each balance”.