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Important Questions for "Mathematical Economics":

[1]

  1. Distinguish between econometrics and mathematical economics.
  2. Discuss the importance of moving average method in time series analysis.
  3. Give details of the Log-normal distribution and Pareto distribution used in describing the income distribution and make comparison between them.

[2]

  1. Distinguish between econometrics and mathematical economics.
  2. 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. Find the trend value by the least square method from the given data.

[3]

  1. Distinguish between econometrics and mathematical economics.
  2. 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. 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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