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IGNOU MEC 106 Assignment 2023-24 Question Paper
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1. Define Externalities. Present a brief about types of externalities. Explain how internalisation of negative externalities could be a solution to externalities through the instruments of taxation and property rights. (4+6+10 = 20)
2. a) Explain the scope of mechanism design relating it to implementation theory and game theory.
b) Illustrate some applications of ‘mechanism design’ with an identification of their attendant problems. (10 +10 = 20)
SECTION B
Answer the following questions in about 400 words each. Each question carries 12 marks.
3. Explain how by redistribution, a socially more desired welfare level can be attained by considering the Utility Possibility Frontier.
4. Outline how imperfect competition leads to welfare loss stating the policy options open to government to rectify the situation.
5. Describe the Nozick’s ‘entitlement theory’ and the theory of ‘justice in distribution’.
6. Discuss the public debt situation of India. Is there a way to finance the deficit in the government budget? How?
7. Write short notes on the following: (3 X 4 = 12)
a. Multi-part Tarif
b. Public Goods
c. Median Voter Theorem
IGNOU MEC 106 Solved Assignment 2023-24 Pdf Download Facility
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