MEC-006 PUBLIC ECONOMICS in English Solved Assignment 2022-2023

MEC-006 PUBLIC ECONOMICS in English Solved Assignment 2022-2023

Tutor Marked Assignment (TMA)
(For the Students who have taken admission up to January, 2020 Academic Cycle)
Course Code: MEC-006
Asst. Code: MEC-006/TMA/2022-23
Total Marks: 100

Note: Answer all the questions.
SECTION A
Answer the following questions in about 700 words each. Each question carries 20 marks.
1. Explain the Tiebout Model (voting with your feet) in context of the provision of local public
goods. What are the problems associated with this model? (4X5 = 20)
2. “The structural interdependence forms the basis for the policy maker’s choice behaviour for
policy”. In the light of this statement explain the structural interdependence and policy
coordination. (20)
SECTION B
Answer the following questions in about 400 words each. Each question carries 12 marks.
3. Enlist the canons of taxation. Explain the approaches to tax equity. (6 + 6 = 12)
4. Explain the debt obligation of the central government for internal debt, external debt and other
liabilities. (12)
5. What are public goods? Explain their features. How are public goods responsible for market
failure? (2+5+5 = 12)
6. Discuss the impact of direct taxes and indirect taxes on factors of production. (6 + 6 = 12)
7. Write short notes on the following: (3X4 = 12)
(i) Buchanan’s Contractual Theory
(ii) Arrow’s Impossibility Theorem
(iii) Role of government in a mixed economy

MEC-006, MEC006, MEC-06, MEC-6, MEC 006, MEC 6, MEC-06