Study Materials for Priciples of Economics & Bangladesh Economy

Broad Question:

·        Do you think that Economics is a science of wealth?-Explain.

·        Is Economics Positive Science or Normative Science?

·        Economics is a science and as an art-Explain

·        Economics is a Science of choice making-Explain the statement/ Explain the definition of L. Robbins

·        Economics is a Science of material well-being-Explain it.

·        Identify the basic characteristics of monopoly, oligopoly, monopolistic competition, and pure competition.

·        What are are the Determinants of Demand/ What Causes a Shift in Demand?

·        What are are the Determinants of Supply?/ What Causes a Shift in Supply?

·        Meaning of Demand Forecasting

·        Objectives of Demand Forecasting

·        Factors Affecting Demand Forecasting

·        Process of Demand Forecasting/ Steps in Demand Forecasting

·        Methods of Demand forecasting for a product

·        Definitions of Price Elasticity of Demand

·        Factors Determining Price Elasticity of Demand

·        Importance of Elasticity of Demand/ Importance of Studying Elasticity of Demand

Short Notes

·        Economies of Scale
·        Franchising
·        Giffen good
·        Government spending
·        Gross Domestic Product (GDP) deflator
·        Gross National Expenditure
·        Gross investment
·        Laissez-faire
·        Joint venture
·        Intellectual Property Rights
·        Dumping
·        Public-Private Partnerships (PPPs)
·        Diversification
·        Productivity
·        Neoclassical Economics
·        Sunk costs
·        Statutory liquidity ratio (SLR)
·        Terms of trade (TOT)