23 August Economics For Business

ECONOMICS FOR BUSINESS AFTERSCHO☺OL – DEVELOPING CHANGE MAKERS CENTRE FOR SOCIAL ENTREPRENEURSHIP PGPSE PROGRAMME – World’ Most Comprehensive programme in social entrepreneurship & spiritual entrepreneurship OPEN FOR ALL FREE FOR ALL

ECONOMICS FOR BUSINESS Dr. T.K. Jain. AFTERSCHO☺OL Centre for social entrepreneurship Bikaner M: 9414430763 [email_address] www.afterschool.tk www.afterschoool.tk

Who calls economics as science of wealth? ,[object Object],[object Object],[object Object]

Who says: Economics is a science which studies human behaviour as a relationship between ends and scarce means, which have alternate uses.” ,[object Object]

What is micro economics? ,[object Object]

What is Macro economics? ,[object Object]

Who said: “Economics is the study of manking in the ordinary business of life, it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisite and well being.” ,[object Object]

Who said : “the range of our inquiry becomes restricted to that part of social welfare that can be brought directly or indirectly into relation with the measuring rod of money.” ,[object Object]

GIVE AN EXAMPLE OF POSITIVE SCIENCE? ,[object Object]

Give an example of Normative Science? ,[object Object]

“ Because every human being is a mortal, therefore Ram is also mortal.” – what kind of logic is it – inductive or deductive? ,[object Object]

“ Because Ram died, Mohan died, Sudama died, therefore every human being is mortal” – what kind of logic is it – inductive or deductive? ,[object Object]

What are the four central economic problems? ,[object Object],[object Object],[object Object],[object Object]

Who said: “Economics is neutral between ends.” ,[object Object]

Which of these is a micro problem? ,[object Object],[object Object],[object Object],[object Object],[object Object]

Give examples of some conspicuous goods? ,[object Object],[object Object],[object Object],[object Object]

Give examples of Giffin Goods? ,[object Object],[object Object]

What is utility? ,[object Object]

Which are the 2 approaches towards utility? ,[object Object]

Which approach towards utility says that utility can be measured? ,[object Object]

Which Which approach towards utility says that utility cant be measured, but it can be shown as hierarchy or order? ,[object Object]

What are the assumptions of indifference curve analysis ? ,[object Object],[object Object],[object Object]

Can indifference curve intersect each others? ,[object Object]

Can indifference curve take concave shape? ,[object Object]

Can indifference curve take convex shape? ,[object Object]

Can a budget line cut many indifference curve? ,[object Object]

Name the two mundamental laws, that shape the utility theory? ,[object Object],[object Object]

Why is indifference curve approach better than utility theory? ,[object Object],[object Object],[object Object]

What is the most important determinant of supply? ,[object Object],[object Object]

Who says that production power of land is indestructible? ,[object Object]

What is capital formation? ,[object Object]

Is entrepreneur also a factor of production? ,[object Object]

What are the functions of an entrepreneur? ,[object Object],[object Object],[object Object],[object Object],[object Object]

What is economic non-sense or economic absurdity? ,[object Object]

If I employ labour, my production is as under: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Solution . . . ,[object Object]

What is the difference between law of returns (law of variable proportion) and returns to scale? ,[object Object],[object Object]

Which are fixed costs? ,[object Object],[object Object]

What are variable costs? ,[object Object],[object Object]

Where will MC curve cut AVC and ATC? ,[object Object],[object Object],[object Object],[object Object]

What is long run? ,[object Object]

What is relation of long run cost curve to short run cost curve? ,[object Object]

Do we have similar products in perfect market? ,[object Object]

If the marginal revenue is more than marginal cost, what should the firm do? ,[object Object]

If the income of people increases, the demand curve should shift in which direction? ,[object Object]

What will happen at the point, where budget line touches highest indifference curve? ,[object Object]

ABOUT AFTERSCHOOOL ,[object Object]

Why such a programme? ,[object Object],[object Object],[object Object],[object Object]

Who are our supporters? ,[object Object],[object Object]

About AFTERSCHOOOL PGPSE – the best programme for developing great entrepreneurs ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Workshops from AFTERSCHOOOL ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Flexible Specialisations: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Salient features: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Components ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Pedagogy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Basic values at afterschoool ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

www.afterschoool.tk social entrepreneurship for better society

23 August Economics For Business

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23 August Economics For Business