MEC-106 Solved Assignment English Medium 2022-23

Free MEC106 Solved Assignment English Medium 2022-23 for July 2022 and January 2023 Session

M.E.C-106

PUBLIC ECONOMICS

MEC-106: PUBLIC ECONOMICS

Tutor Marked Assignment (TMA)

Course Code: MEC-106

Asst. Code: MEC106/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.

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?

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.

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

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.

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.

7. Write short notes on the following: 

(i) Command and Control method

(ii) Wagner’s Law

(iii)Ramsey Rule of optimal commodity taxation 

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