House exam paper Industrial Economics Paper No. 302

Time: 2:00 hours                                                                                                                               Maximum Marks: 25

Attempt any five questions. All questions carry equal marks.

1. Write short notes on any two:                                                                                                   2 ½  + 2 ½

a)     Differentiate between Industrial Economics & Microeconomic Theory

b)     Chicago School of Thought

c)     Gibrat Process

d)     Gini Coefficient

e)     Lorenz Curve

2. Briefly discuss the various concentration measurement indices. Is it true if the value of alpha is equal to 2 then HHI is equal to Hannah and Kay index?                                                   4  + 1
3. Critically evaluate the deterministic theory of Market concentration. How does it differ from stochastic approach to market concentration?                                                                      3 +2
4. Explain the interactive Structure – Conduct – Performance framework of industrial analysis.                                                                                                                                                          5
5. Outline the evolution of industrial economics from pre - World War II early industrial economics to contemporary industrial economics.                                                                               5
6. Delineate the difference between absolute and inequality measure of market concentration. What are the characteristics of an ideal index of market concentration?                                            3 +2
7. Calculate the value of CR₄ and HHI from the data given below:                                                   2 + 3

S.NO.	Firm	Output (in 'crore Rs.)
1	Tata	750
2	Reliance	150
3	Aircel	100
4	Vodafone	550
5	Airtel	600
6	Rainbow	50
7	Idea	400
8	Infotec	75
9	Telcotek	950
10	Total	5000

Outline the components of basic conditions, market structure and performance with examples. Distinguish between two versions of S-C-P paradigm: with and without feedbacks.               2  +  3