MEC-106 PUBLIC ECONOMICS in English Solved Assignment 2022-2023


Tutor Marked Assignment (TMA)
Course Code: MEC-106
Asst. Code: MEC106/TMA/2022-23
Total Marks: 100

Title Name

MEC-106 Solved Assignment 2022-2023

University IGNOU
Service Type Solved Assignment (Soft copy/PDF)
Language ENGLISH
Semester 2022-2023 Course: MA(ECONOMICS) MEC
Session For July 2022 and January 2023 Sessions
Short Name MEC-106
Assignment Code MEC106/TMA/2022-23
Product Assignment of MA(ECONOMICS) 2022-2023 (IGNOU)
Submission Date For July session, you need to submit the assignments by March 31, and for
January session by September 30 for being eligible to appear in the term end examination.Assignments should be submitted to the Coordinator of your Study Centre. Obtain a receipt from the Study Centre towards submission.



Note: Answer all the questions.
Answer the following questions in about 700 words each. Each question carries 20 marks.
1. Define and elaborate the term ‘Global Public Goods’ (GPG)? How are millennium development
goals are associated with GPG? Explain knowledge as a GPG.
(6+6+ 8 = 20)
2. Discuss the public debt situation of India. How can the deficit in the government budget be
financed? How does the concept of debt sustainability work? (6+7+7 = 20)
Answer the following questions in about 400 words each. Each question carries 12 marks.
3. Explain collective decision making with the help of majority voting and median voter theorem.
(6+6 = 12)
4. Explain the theory of fiscal federalism and discuss the inter-governmental transfers in India.
(6+6 = 12)
5. Define Externalities. Explain how externalities lead to market failure. How does a negative
production externality allocate resources inefficiently? Use appropriate diagram to support your
(2+5+5 = 12)
6. Define Public Goods. Elaborate the features of a public good. Show the efficient provision of a public
good as per the Lindahl’s equilibrium model.
(2+5+5 = 12)
7. Write short notes on the following: (3 X 4 = 12)
(i) Command and Control method
(ii) Wagner’s Law
(iii)Ramsey Rule of optimal commodity taxation



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