EEC 11 Solved Assignment 2021-22

 

EEC 11 Solved Assignment 2021-22

FUNDAMENTALS OF ECONOMICS

EEC 11 Solved Assignment 2021-22 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

Programme Code: BDP

Course Code: EEC 11

Asst.Code: EEC 11/AST/TMA/2021-21

Maximum Marks: 100

Note: Answer all the questions.

Section A

Long Answer Questions (Answer in about 500 words each)

2 x 20 = 40

1. (a) Distinguish between cardinal utility approach and ordinal utility approach to consumer behavior. Explain with illustration how does a consumer attain equilibrium under ordinal utility approach?

(b) Given the total cost function

TC – 3q2 + 7q + 12

i. Find the marginal cost and average cost.

ii. Evaluate the marginal cost and average cost at q = 3 and q = 5

2. (a) What is National income? Explain how production flow, income flow and expenditure flow in an economy are inter related to each other?

(b) Given the following equation

Y = C + I

C = C0 +b Y, and I = I0 + a Y

where C0 = 65, I0 = 70, b= 0.6, a=0.2

Find out the equilibrium level of income.

Section B

Medium-Answer Questions (Answer in about 250 words each)

4 x 12 = 48

3. How is a public monopoly different from private monopoly? How does a public monopoly firm make pricing and output decisions?

4. What do you mean by the terms of trade? Explain with the help of J.S.Mill’s theory of reciprocal demand how the terms of trade are determined between two countries.

5. Identify the factors that explain differentials in earnings of labour.

6. Distinguish between demand-pull inflation and cost push inflation? How does inflation affect the different sections of the society?

7. What are externalities? Compare with Piguvian method with the Coasian method for dealing with externalities.

Section C

Short Answer Questions (Answer in about 100 words each)

2 x 6 = 12

8. Distinguish between any three of the following:

i. Money Market and Capital Market

ii. Multiplier and Accelerator

iii. Statistics and Dynamics

iv. Positive Economics and Normative Economics

9. Explain any three of the followings:

i. Stagflation

ii. Economic theory

iii. Marginal Propensity to Consume

iv. Fiscal Deficit

v. Expansion path

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EEC 11 Solved Assignment 2021-22 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

POST GRADUATE DIPLOMA IN AUDIO PROGRAMME PRODUCTION Bachelor’s Degree Programmes (BDP/B.A.) ASSIGNMENTS

Dear Learner,

You have to submit one assignment in each course, i.e. EEC 11, EEC 11. All these are Tutor Marked Assignments (TMAs). Before attempting the assignments, please read the instructions provided in the Programme Guide carefully.

Kindly note, you have to submit these assignments to the Coordinator of your Study Centre within the stipulated time for being eligible to appear in the term-end examination. You must mention your Enrolment Number, Name, Address, Assignment Code and Study Centre Code on the first page of the assignment. You must obtain a receipt from the Study Centre for the assignments submitted and retain it. Keep photocopies of the assignments with you.

After evaluation, the assignments have to be returned to you by the Study Centre. Please insist on this and keep a record with you. The marks obtained by you will be sent by the Study Centre to the Student Evaluation Division at IGNOU, New Delhi.

Guidelines for Doing Assignments

There are five questions in each assignment, all carry equal marks. Attempt all the questions in not more than 500 words (each). You will find it useful to keep the following points in mind:

Planning: Read the assignments carefully. Go through the units on which they are based, make some points regarding each question and then rearrange them in a logical order

Organization and Presentation: Be analytical in your selection of the information for your answer. Give adequate attention to the introduction and the conclusion. Make sure that your answer is logical and coherent; has a proper flow of information.

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