Description
MEC-008: ECONOMICS OF SOCIAL SECTOR AND ENVIRONMENT
Tutor Marked Assignment (TMA)
(For the Students who have taken admission up to January 2017 Academic Cycle)
Course Code: MEC-008
Assignment Code: MEC-008/AST/2023-24
Maximum Marks: 100
Note: Answer all the questions.
SECTION A
Answer the following questions in about 700 words each. Each question carries 20 marks.
1) In the context of Market Failure, discuss the situation where it results in ‘non-optimality of
competitive outcomes’.
2) Discuss the Faustmann model for maximisation of Present Value of net benefits.
Section B
Answer the following questions in about 400 words each. Each question carries 12 marks.
3) Explain the flaws in the conventional system of national income accounts.
4) Can poverty result in ‘social conflict’? Explain.
5) Present a critique of the cost-benefit approach.
6) Bring out the impact of technological change on the cost of health services.
7) Write a note on the Transaction Costs Theory.
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