The study in Economics deals with the requirement and availability of products; it decides the value of a product according to the demands. The economist is very needful in the prediction of financial estimation of any organisation. The study in this field will always be in demand and plenty of job opportunities are here.

Paper Pattern:

The Microeconomic Analysis paper deals with the micro level analysis of the economics. The paper contains 14 questions in it and these questions are further divided into 2 sections; Section A is of 8 long answer type questions and Section B is of 6 very long answer type questions and from Section A, 4 questions are required to be attempted and from Section B, 3 questions are required to be attempted. The questions do not have any sub-questions in it.

Frequently asked questions:

The paper contains explanatory questions and each question is of either long answer type or very long answer type, so candidates appearing in this paper should have good writing skill. Questions in the paper are such as static and dynamic analysis in Economics, uses of the concept, price elasticity of demand, Consumer’s Equilibrium, average cost and marginal cost curves, Elucidate Baumol’s sales maximization model, properties of Cobb-Douglas Production Function etc.

Total marks and time allotted:

Full mark which is given to the paper is 100 and candidates get 3 hours to solve the paper. Each question in Section A is of 10 marks each and each question in Section B is of 20 marks each.

Recommended Books:

• Microeconomic Analysis by H R Varian
• Introduction to economic analysis by Mcafee