Description
BECC-112: DEVELOPMENT ECONOMICS-I
Programme Code: BAECH
Course Code:BECE-112
Assignment Code: BECE-141/AST/TMA/2025-26
MaximumMarks:100 Answer all the questions
A. Long Answer Questions(wordlimit-500words) 1) 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 (wordlimit-250 words)
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 (wordlimit100words)
6) Differentiate between: (a) Exogenous Growth and endogenous growth
(b) Capital-augmenting technical change and capital-deepening technical change.
(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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