Classify and explain different market structures based on certain factors and support your answer with the help of examples
Production is related to costs. In fact, cost function can be derived fromestimated production function. In view of empirical determination ofproduction function, can you think of some limitations of statistical analysisrelating to cost function? Apart from limitations also explain how theseestimated cost function is useful to a manager
State the salient features of 1956 Industrial Policy Resolution.How far the objectives of this policy could be achieved
Distinguish between Cluster sampling and Multi-stage sampling. In order to find out the incidence of Malnutrition among rural households in a given distinct, how would you collect the data by multi-stagesampling? Illustrate
‘The inductive strategy begins with the collection of data from which generalization is made’- In the light of this statement formulate a research proposal indicating the various steps involved in research process
Is trade still possible between two nations if they have identical production possibilities curves? Explain with the help of a diagram
Country A is a large country while Country B is a small country. Both countries decided to impose tariffs on their imports. What will be the impact of this decision on their producers, suppliers and economy as a whole? Explain with the help of diagrams
Discuss India’s transformation from GATT to WTO. What is India’s contribution to WTO concerning agriculture
Outline how imperfect competition leads to welfare loss stating the policy options open to government to rectify the situation
Explain how by redistribution, a socially more desired welfare level can be attained by considering the Utility Possibility Frontier
Illustrate some applications of ‘mechanism design’ with an identification of their attendant problems
Define Externalities. Present a brief about types of externalities. Explain how internalisation of negative externalities could be a solution to externalities through the instruments of taxation and property rights
In the context of Market Failure, discuss the situation where it results in ‘non-optimality of competitive outcomes’
Describe the evolution of international monetary system. Examine the trends in the international monetary and financial systems
What are the various forms of economic integration? How is trade diversion different from trade creation? Elucidate
Explain the various concepts of terms of trade. Critically examine the behavior of terms of trade as explained by Prebisch
Critically discuss the Ricardian theory of Comparative Advantage. How is it different from Adam Smith’s theory of Absolute Advantage
Discuss the decision mechanism in terms of of policy agenda setting, information agenda setting and policy convergence
Voting models attempt to translate individual preferences in terms of Public Choice. Explain how the majority voting works in this context
Bring out the difference between Buchanan’s Contractual Theory and the Kolm’s theory of ‘liberal social contract
