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Economic Theory

Bachelor’s Degree Programme (BDP) ASSIGNMENT 2015-16 Elective Course in Commerce ECO – 06: Economic Theory For July 2015 and January 2016 admission cycle School of Management Studies Indira Gandhi National Open University Maidan Garhi, New Delhi -110 068 ECO - 06 Elective Course in Commerce ECO – 06: Economic Theory ASSIGNMENT- 2015-16 Dear Students, As explained in the Programme Guide, you have to do one Tutor Marked Assignment in this Course. The assignment is given 30% weightage in the final assessment. To be eligible to appear in the Term-end examination, it is compulsory for you to submit the assignment as per the schedule. Before attempting the assignments, you should carefully read the instructions given in the Programme Guide. This assignment is valid for two admission cycles (July 2015 and January 2016). The validity is given below: 1. Those who are enroled in July 2015, it is valid up to June 2016. 2. Those who are enroled in January 2016, it is valid up to December 2016. You...

Economic Theory

BACHELOR'S DEGREE PROGRAMME Term-End Examination June, 2010 ELECTIVE COURSE: COMMERCE ECO-6: ECONOMIC THEORY Time: 2 hours                                                                                   Maximum Marks : 50                                                                                                              (Weightage 70%) Note : T he paper contains three sections, A, B, and C. Instructions   are given in each section along with marks. SECTION- A (Long Answer Question) Attempt any two questions from this section : What do you understand by Production Possibility Curve ? Illustrate it with the help of a suitable example. What are its assumptions ? What is meant by income inequality ? Distinguish between personal and functional distribution of income. Suggest measures to reduce inequality of income and wealth. Why should equilibrium between marginal cost and marginal revenue be a necessary condition for equilibrium of a firm ? Explain with the help o...