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M.E.C – 006
PUBLIC
ECONOMICS MEC 006 Solved Assignment 2022-23
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Assignment I
Answer the following
questions in about 700 words each.
1. Explain the Tiebout Model (voting with
your feet) in context of the provision of local public goods. What are the
problems associated with this model?
2. “The structural interdependence forms
the basis for the policy maker’s choice behaviour for policy”. In the light of
this statement explain the structural interdependence and policy coordination.
Assignment - II
Answer the following
questions in about 400 words each.
3. Enlist the canons of taxation. Explain
the approaches to tax equity.
4. Explain the debt obligation of the
central government for internal debt, external debt and other liabilities.
5. What are public goods? Explain their
features. How are public goods responsible for market failure?
6. Discuss the impact of direct taxes and
indirect taxes on factors of production.
7. Write short notes on the following:
(i) Buchanan’s Contractual Theory
(ii) Arrow’s Impossibility Theorem
(iii) Role of government in a mixed
economy
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