Exam Details
| Subject | Public Economics | |
| Paper | ||
| Exam / Course | Master of Arts in Economics | |
| Department | School of Social Sciences (SOSS) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | December, 2016 | |
| City, State | new delhi, |
Question Paper
No. of Printed Pages: 4 IMEC-0061
MASTER OF ARTS (ECONOMICS)
Term-End Examination
. December, 2016
MEC-006 PUBLIC ECONOMICS
Time hours Maximum Marks 100
Note: Attempt questions from each section as directed.
SECTION
Attempt any two questions from this section. (Answer in about 500 words each). 2x20=40
1. 'Government should intervene in the working of market mechanism is today a foregone conclusion but the manner and its extent continues to be an issue'. Argue.
2. What is the rationale of public debt? Discuss the views of classical and modern economists on public debt.
3. Explain Positive and Negative externalities. How can government help to correct the problems created by externalities
4. What is the economic rationale of levying taxes? Distinguish between 'Incidence of Taxation' and 'Impact of Taxation'.
SECTION
Attempt any five questions from this section. (Answer in about 300 words each). 5x12=60
5. Discuss the effects of taxation on production and distribution of resources.
6. Explain the relationship between public choice and social choice.
7. What are the weaknesses of public sector enterprises in India.
8. 'Many factors in addition to government policies influence an enterprise's choice of location'. Explain.
9. What is the Median voter theorem? Explain through a model, how does the opinion of median voter prevails.
10. Write short notes on any two of the following:
Public utilities
Voting by feet
Debt conversion
Lump sum tax
11. What do you understand by policy coordination? Discuss the problems involved in international policy coordination.
12. Write a note on Arrow's Impossibility theorem.
MASTER OF ARTS (ECONOMICS)
Term-End Examination
. December, 2016
MEC-006 PUBLIC ECONOMICS
Time hours Maximum Marks 100
Note: Attempt questions from each section as directed.
SECTION
Attempt any two questions from this section. (Answer in about 500 words each). 2x20=40
1. 'Government should intervene in the working of market mechanism is today a foregone conclusion but the manner and its extent continues to be an issue'. Argue.
2. What is the rationale of public debt? Discuss the views of classical and modern economists on public debt.
3. Explain Positive and Negative externalities. How can government help to correct the problems created by externalities
4. What is the economic rationale of levying taxes? Distinguish between 'Incidence of Taxation' and 'Impact of Taxation'.
SECTION
Attempt any five questions from this section. (Answer in about 300 words each). 5x12=60
5. Discuss the effects of taxation on production and distribution of resources.
6. Explain the relationship between public choice and social choice.
7. What are the weaknesses of public sector enterprises in India.
8. 'Many factors in addition to government policies influence an enterprise's choice of location'. Explain.
9. What is the Median voter theorem? Explain through a model, how does the opinion of median voter prevails.
10. Write short notes on any two of the following:
Public utilities
Voting by feet
Debt conversion
Lump sum tax
11. What do you understand by policy coordination? Discuss the problems involved in international policy coordination.
12. Write a note on Arrow's Impossibility theorem.
Other Question Papers
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Subjects
- Actuarial Economics: Theory and Practice
- Econometrics Methods
- Economics of Growth and Development
- Economics of Social Sector and Environment
- Financial Institutions and Markets
- Indian Economic Policy
- International Trade and Finance
- Macroeconomic Analysis
- Microeconomic Analysis
- Public Economics
- Quantitative Methods
- Research Methods In Economics