Economics paper (HSS 203) from the 2021 Level-3 Term-I finals at BUTEX affiliated colleges. Questions address Bangladesh's economic system, demand and supply equilibrium with jacket price data, indifference curve properties, price effect proofs, and business profit calculations.
Level-3 Term-I, Final Exám-2021
Subject: Economics (Code: HSS 203)
Time: 3.0 Hrs. Full Marks: 72
(Use separate answer script for Part: A and Part: B)
(All parts of a question must be answered consecutively)
Part: A
(Answer any three questions)
1. (a) “Engineering Economics is a subdiscipline of Economics”-Explain the statement.
(b) Which economic system is currently implicated in Bangladesh? Justify your answer.
(c) Explain the importance of economics studies in Textile.
[4+4+4 = 12]
2. (a) Discuss shift in demand curve and movement along demand curve with hypothetical data.
(b) Draw demand and supply curve according to the data and explain the following terms from graph: (i) Excess Demand, (ii) Deficit Demand, (iii) Equilibrium Price, (iv) Equilibrium Quantity.
Price of Jacket (BDT) | Quantity Demanded | Quantity Supplied |
600 | 5000 | 3700 |
700 | 4800 | 4150 |
800 | 4550 | 4550 |