MEC- Iyr-2009-10 Eng

MEC Iyr-2009-10 Eng - MEC MASTER OF ARTS(ECONOMICS ASSIGNMENTS 2009-10 For MEC First Year Courses(For July 2009 and January 2010 Sessions School of

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MEC MASTER OF ARTS (ECONOMICS) ASSIGNMENTS 2009-10 For MEC First Year Courses (For July 2009 and January 2010 Sessions) School of Social Sciences Indira Gandhi National Open University 1
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Maidan Garhi, New Delhi-110 068 Dear Student, For the first year of the MA (Economics) programme there are five compulsory courses. You will have to do one Tutor Marked Assignment (TMA) for each course. The assignment is compulsory for successfully completing a course. The assignment for a course covers all the units of the concerned course. It is important that you write the answers to all the assignment questions in your own words. Your answers should be in the range of word-limit set for a particular question. In the case of numerical questions word limits do not apply. Submission : For July 2009 session you need to submit the completed assignment to the Coordinator of your Study Centre by March 31, 2010 and for January 2010 session by September 30, 2010 for being eligible to appear in the term end examination. If possible, keep a photocopy of the assignments with you. The Study Centre will have to return the assignments to you after they are evaluated. GUIDELINES FOR DOING ASSIGNMENTS Before attempting the assignments please read the detailed instructions provided in the Programme Guide sent to you separately. You will find it useful to keep the following points in mind while writing the assignments: a) Planning: Read the assignments carefully, go through the Units on which they are based. Make some points regarding each question and then rearrange them in a logical order. b) Organisation: Be a little selective and analytic before drawing up a rough outline of your answer. In an essay-type question, give adequate attention to your introduction and conclusion. The introduction must offer your brief interpretation of the question and how you propose to develop it. The conclusion must summarise your response to the question. Make sure that your answer: is logical and coherent; has clear connections between sentences and paragraphs, and is written correctly giving adequate consideration to your expression, style and presentation. 2
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MEC-001: MICRO ECONOMIC THEORY Assignment (TMA) Course Code: MEC-001 Assignment Code: MEC-001/AST/2009-10 Maximum Marks: 100 Note: Answer all the questions. While questions in Section A carry 20 marks each, those of Section B carry 12 marks each. Section A 1. (a) Discuss the significance of the concept of conjectural variation in Cournot, Bertrand and Stackelberg Models of duopoly markets. (b) If the demand function is given by P = 100 – 0.5(q 1 + q 2 ) and the cost functions of the two firms are C 1 = 5q 1 and C 2 = 0.5q 2 2 respectively then find the equilibrium quantity and price charged by the firms if (a) firm 1 is the leader; (b) firm 2 is the leader. 2. (a) State and prove Walras’ Law.
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This note was uploaded on 09/09/2010 for the course ECO 11230 taught by Professor Dr.nogara during the Fall '10 term at St.Francis College.

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MEC Iyr-2009-10 Eng - MEC MASTER OF ARTS(ECONOMICS ASSIGNMENTS 2009-10 For MEC First Year Courses(For July 2009 and January 2010 Sessions School of

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