We are starting with Economics Mains Marathon Initiative. Here is the 1st Economics Optional Test.
Click Here for Mains Marathon Economics Optional Plan
Click Here for Economics Mains Marathon Test-1
Additional Set of Questions for Practice: Q1. State, prove and give an economic interpretation of Euler’s theorem. Q2. “Systematic monetary policy will not be effective under Rational Expectations Hypotheses.” Explain the statement with a suitable model. Q3. State the CES production function and interpret its parameters. Show that the Cobb-Douglas production function is a special case of CES production function. Q4. Explain the speculative demand for money and it’s relationship to the ‘liquidity trap’. Q5. What is asymmetric information? How does it lead to adverse selection and market failure ? Q6. Define Income effect, substitution effect and price effec. Show that price effect can be decomposed into substitution effect and income effect. Q7. Compare different measures of risk aversion. Q8. What is Prisoner’s Dilemma? Discuss its importance and implications in Game Theory. Q9.
Why does a perfectly competitive firm keeps on producing in the short run even when it is incurring losses. Explain using suitable diagram, when the firm will shut down? Q10. What do you mean by collusive oligopoly? Distinguish between cartel and price-leadership with respect to determination of price and quantity.
Can’t believe this is happening. Spellbound. Thank you for including this optional. Thank u. Thank u. Thank you.
Thank you Vencedora.
thank you ?
Welcome.
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@ForumIAS please help me with this question
Show that liquidity preference is neither necessary nor sufficient for the existence of involuntary unemployment in keynesian system
..i surmise the answer would be to explain
1 .money wage rigidity.
2. lack of effective demand ….then explaining animal spirit ?
and hence demand for money is neither necessary ….so on
please reply ..shall be very thankful ?
THank you so much for the initiative. I have one request. Please also mention the year for the question that are from past year papers. Thanks again. 🙂
For Economics optional, recommended material / books? references?
Great to have it
dear Forum IAs,
I am really glad that you have come up with the test series of Economics Optional,
Please, kindly provide general model answers for the same if its possible.
And i have a doubt how to upload answers overhere ? and Is Forum ias going to review it ?
Please reply Forum IAS
Please
thank you forumias. it will be nice if you could find a good faculty to start an economics optional test series
Please provide us suggested answers of these test papers so that we can evaluate our performance in time
i am really glad about this initiative i need it really . thanks forum ias
Thank you forumIAS.
Please mention word limit or marks associated with a question too