MEC 106 Solved Assignment 2022-23

 

MEC 106 Solved Assignment 2022-23

PUBLIC ECONOMICS

Course Code: MEC 106

Asst. Code: MEC 106/TMA/2022-23

Total Marks: 100

Note: Answer all the questions.

SECTION A

Answer the following questions in about 700 words each. Each question carries 20 marks.

1. Define and elaborate the term ‘Global Public Goods’ (GPG)? How are millennium development goals are associated with GPG? Explain knowledge as a GPG.

20

2. Discuss the public debt situation of India. How can the deficit in the government budget be financed? How does the concept of debt sustainability work?

20

SECTION B

Answer the following questions in about 400 words each. Each question carries 12 marks.

3. Explain collective decision making with the help of majority voting and median voter theorem.

12

4. Explain the theory of fiscal federalism and discuss the inter-governmental transfers in India.

12

5. Define Externalities. Explain how externalities lead to market failure. How does a negative production externality allocate resources inefficiently? Use appropriate diagram to support your answer.

12

6. Define Public Goods. Elaborate the features of a public good. Show the efficient provision of a public good as per the Lindahl’s equilibrium model.

12

7. Write short notes on the following:

12

(i) Command and Control method

(ii) Wagner’s Law

(iii) Ramsey Rule of optimal commodity taxation

MEC 106 Solved Assignment 2022-23 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

POST GRADUATE DIPLOMA IN AUDIO PROGRAMME PRODUCTION Master's Degree Programmes (M.A. ECONOMICS) ASSIGNMENTS

Dear Learner,

You have to submit one assignment in each course, i.e. MEC 106. All these are Tutor Marked Assignments (TMAs). Before attempting the assignments, please read the instructions provided in the Programme Guide carefully.

Kindly note, you have to submit these assignments to the Coordinator of your Study Centre within the stipulated time for being eligible to appear in the term-end examination. You must mention your Enrolment Number, Name, Address, Assignment Code and Study Centre Code on the first page of the assignment. You must obtain a receipt from the Study Centre for the assignments submitted and retain it. Keep photocopies of the assignments with you.

After evaluation, the assignments have to be returned to you by the Study Centre. Please insist on this and keep a record with you. The marks obtained by you will be sent by the Study Centre to the Student Evaluation Division at IGNOU, New Delhi.

Guidelines for Doing Assignments

There are five questions in each assignment, all carry equal marks. Attempt all the questions in not more than 500 words (each). You will find it useful to keep the following points in mind:

Planning: Read the assignments carefully. Go through the units on which they are based, make some points regarding each question and then rearrange them in a logical order

Organization and Presentation: Be analytical in your selection of the information for your answer. Give adequate attention to the introduction and the conclusion. Make sure that your answer is logical and coherent; has a proper flow of information.

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