KRISHNA KANTA HANDIQUI STATE OPEN UNIVERSITY
Surya Kumar Bhuyan School of Social Sciences
Home Assignment
Master of Arts (ECONOMICS)
Microeconomics : II
2nd Semester, 2015
MEC/MAEC -05
Total Marks 50
[Assignments are required to be written in your own language. Copying in toto from the learning
materials will carry less score]
Q.1. Define the following terms.(Answer each questions in about 50 words:)
2×4=8
(a) Limit Price
(b) Adding-up Controversy
(c) Quasi Rent
(d) Tatonnement
Q.2. Answer each questions in about 75 words:
3×4=12
(a) According to Baumol, why business managers pursue the goal of sales maximization?
Write three reasons.
(b) Write three criticisms of full-cost pricing theory.
(c) What is Euler's product exhaustion Theorem?
(d) According to Keynes, why people demand/ proper liquidity?
Q.3. Answer each questions in about 150 words:
5×2=10
(a) Discuss briefly Walker's theory of profit.
(b) Discuss briefly Pigoman criteria of welfare and Pigou's dual criterion.
Q.4. Answer each questions in about 300-500 words:
10×2=20
(a) What is public good? Discuss why market fails in case of public good.
(b) Discuss Rawl's theory of justice.
N.B.: The learners will have to collect receipt after submitting the assignment with the signature
and seal of the collector of study centre and will have to keep with him/her till the declaration of
result.
✂
RECEIPT
Received the assignment from Mr/Ms
number
on............................ 2015.
Date :
of 2nd Semester Economics: MEC/MAEC-05 (2015)
Signature of collector with seal
KRISHNA KANTA HANDIQUI STATE OPEN UNIVERSITY
Surya Kumar Bhuyan School of Social Sciences
Home Assignment
Master of Arts (ECONOMICS)
Macroeconomics : II
2nd Semester, 2015
MEC/MAEC -06
Total Marks 50
[Assignments are required to be written in your own language. Copying in toto from the learning
materials will carry less score]
Q.1. Define the following terms.(Answer each questions in about 50 words:)
2×4=8
(a) Near Money
(b) Liquidity Trap
(c) Cost-push Inflation
(d) Stagflation
Q.2. Answer each questions in about 75 words:
3×4=12
(a) What do you mean by rational expectations?
(b) What are the monetary measures to control inflation?
(c) State market friendly approach as an alternative
to neoclassical counter revolution
✂
(d) Define money multiplier.
Q.3. Answer each questions in about 150 words:
5×2=10
(a) Discuss briefly the origin and content of monetarism.
(b) What is the behaviour of inflation and unemployment.
Q.4. Answer each questions in about 300-500 words:
10×2=20
(a) Do you think that Keynesianism has failed? Discuss about failure of Keynesianism.
(b) Discuss the Innovations Theory of business cycle.
N.B.: The learners will have to collect receipt after submitting the assignment with the signature
and seal of the collector of study centre and will have to keep with him/her till the declaration of
result.
RECEIPT
Received the assignment from Mr/Ms
number
of 2nd Semester Economics: MEC/MAEC-06 (2015)
on............................ 2015.
Date :
Signature of collector with seal
KRISHNA KANTA HANDIQUI STATE OPEN UNIVERSITY
Surya Kumar Bhuyan School of Social Sciences
Home Assignment
Master of Arts (ECONOMICS)
International Economics
2nd Semester, 2015
MEC/MAEC -08
Total Marks 50
[Assignments are required to be written in your own language. Copying in toto from the learning
materials will carry less score]
Q.1. Define the following terms.(Answer each questions in about 50 words:)
2×4=8
(a) Opportunity Cost
(b) Leontief Paradox
(c) Protective Effect
(d) Import Quota
Q.2. Answer each questions in about 75 words:
3×4=12
(a) State the effect of tariff on production
(b) What is the price effect of quota?
(c) What is the reason for emergence of State trading after great depression.
(d) What are the benefits of dumping
Q.3. Answer each questions in about 150 words:
5×2=10
(a) Discuss the components of balance of payment.
(b) Illustrate the 'Rules of the Game' of the Gold Standard.
Q.4. Answer each questions in about 300-500 words:
10×2=20
(a) Discuss Haberler's opportunity cost theory. Do you think its an improvement over the
other classical theories of international trade? justify your answer.
(b) Discuss international trade as an engine of economic growth giving special emphasis on
developing countries.
N.B.: The learners will have to collect receipt after submitting the assignment with the signature
and seal of the collector of study centre and will have to keep with him/her till the declaration of
result.
RECEIPT
Received the assignment from Mr/Ms
number
on............................ 2015.
Date :
of 2nd Semester Economics: MEC/MAEC-08 (2015)
Signature of collector with seal