Economics exam (HSS 301) from BUTEX affiliated colleges' 2024 Level-3 Term-I finals. Covers fundamental economic problems, economic systems, Adam Smith's invisible hand, price elasticity numericals, national income measurement, and monetary policy tools.
Level-3 Term-I, Final Exám-2024
Subject: Economics (Code: HSS 301)
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) Define Economics. Why economics is essential in Engineering? Explain.
(b) Discuss about the fundamental economic problems.
(c) Write down the differences between micro and macroeconomics.
[4+4+4=12]
2. (a) What is economic system? Which economic system Bangladesh follows? Write down the characteristics of it.
(b) Differentiate between capitalism and socialism.
(c) Discuss about different types of wealth with relevant example.
[4+4+4=12]
3. (a) Explain the invisible hand theory of Adam Smith.