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IGNOU MEC 006 Assignment 2023-24 Question Paper
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1. a) Define externalities. Briefly discuss the types of externalities.
b) How is inefficiency related to both the negative externalities as well as positive externalities? Explain with the help of appropriate diagrams. (8 +12=20)
2. a) What do you understand by partial welfare improvements? Discuss.
b) Explain the Ramsey tax model in detail. (8+12=20)
SECTION B
Answer the following questions in about 400 words each. Each question carries 12 marks.
3. How is voting with feet relevant in context of provision of local public goods? Discuss.
4. Bring out the difference between Buchanan’s Contractual Theory and the Kolm’s theory of ‘liberal social contract.
5. Voting models attempt to translate individual preferences in terms of Public Choice. Explain how the majority voting works in this context.
6. Discuss the decision mechanism in terms of of policy agenda setting, information agenda setting and policy convergence.
7. Analyse the impact of internal public debt on the economy.
8. Write short notes on the following: (3X4 = 12)
(i) Arrow’s Impossibility Theorem
(ii) Laffer Curve
(iii) Problem of free riding
IGNOU MEC 006 Solved Assignment 2023-24 Pdf Download Facility
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