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Important Questions for "Mathematical Economics":

[1]

  1. Distinguish between econometrics and mathematical economics.
  2. Explain the importance of Econometrics.
  3. Define Gini Coefficient with the help of Lorenz curve. Prove that value of Gini equals twice the area in between line of equality and Lorenz curve.

[2]

  1. Distinguish between econometrics and mathematical economics.
  2. What is meant by Logistic Curve?
  3. Define Gini Coefficient with the help of Lorenz curve. Prove that value of Gini equals twice the area in between line of equality and Lorenz curve.

[3]

  1. Distinguish between econometrics and mathematical economics.
  2. Explain the use of Cross-Section data in demand analysis with the help of suitable example.
  3. The demand function of two commodities A and B are given along with their supply functions. Find equilibrium prices and equilibrium quantities exchanged in the market.

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