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M.E.C - 006
Public Economics IGNOU MEC 006 Solved Assignment 2023-24
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NOTE: All questions
are compulsory.
Section A
Q1. 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.
Q2. a) What do you
understand by partial welfare improvements? Discuss.
b) Explain the Ramsey
tax model in detail.
Section B
Q3. How is voting with
feet relevant in context of provision of local public goods? Discuss.
Q4. Bring out the
difference between Buchanan’s Contractual Theory and the Kolm’s theory of
‘liberal social contract.
Q5. Voting models
attempt to translate individual preferences in terms of Public Choice. Explain
how the majority voting works in this context.
Q6. Discuss the
decision mechanism in terms of of policy agenda setting, information agenda
setting and policy convergence.
Q7. Analyse the impact
of internal public debt on the economy.
Q8. Write short notes on the following:
(i) Arrow’s
Impossibility Theorem
(ii) Laffer Curve
(iii) Problem of free
riding
IGNOU MEC 006 Solved
Assignment English Medium 2023-24 The Indira Gandhi National Open
University has updated the IGNOU Assignment Status
2023-24 December Session so that students can know if their submission is
completed or not. Now if you have also submitted your
Assignment/Practical/Project till 15 December 2023 then you must be worried
about the Assignment Status and Grade Card. So we decided to come
up with https://ignouadmission.samarth.edu.in/ Assignment 2023-24.
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