Description
BECC-112: DEVELOPMENT ECONOMICS-I
Programme Code: BAECH
Course Code: BECE-112
Assignment Code: BECE-141/AST/TMA/2023-24
Maximum Marks: 100
Answer all the questions
A. Long Answer Questions (word limit-500 words) 2 × 20 = 40 marks
1) Discuss the Classical Theory of Economic growth. Discuss the Marxian criticism of the
Classical Theory of growth.
2) Explain the concept of economic inequality. Explain the various methods of
measuring economic inequality.
B. Medium Answer Questions (word limit-250 words) 3 × 10 = 30 marks
3) Discuss the significance of the four liberal principles of democracy.
4) What do you understand by a natural monopoly? Why are public utilities usually natural
monopolies?
5) Explain the Learning-by-Doing model of Kenneth Arrow.
C. Short Answer Questions (word limit 100 words) 2 × 3 × 5 = 30 marks
6) Differentiate between:
(a) Exogenous Growth and endogenous growth.
(b) Capital-augmenting technical change and capital-deepening technical chane.
(c) Market Failure and Government Failure.
7) Write short notes on the following.
(a) Lorenz Curve.
(b) Growth Accounting.
(c) Convergence
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