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Ignou Eec 11 Assignments 2012 Dodge

BCA & MCA (IGNOU) http://www.ignouassignmentguru.com/IGNOUASSIGNMENTGURUIGNOU ASSIGNMENTGURU Page-1 EEC-11: Fundamentals of Economics Assignment (TMA) Programme Code: BDP Course Code: EEC-11 Assignment Code: EEC-11/TMA/2016-17 Maximum Mark: 100Note: All questions are compulsory Section A A) Long Answer Questions (Answer in about 500 Words each) 20 × 2 = 40 1. Distinguish between price elasticity of Demand and Cross elasticity of Demand with graphical presentation. How can you measure the elasticity of demand? Explain with example how the concept of elasticity of demand is useful for an industry in its decision making process? 2. State the constituents of National Income in three phases viz production, income and expenditure. How National income is measured in India? Explain the problems and difficulties encountered in computation of National Income in India. Section B B) Medium Answer Questions (Answer in about 250 Words each) 4 × 12 = 48 3. Explain the relationship between average product and average variable cost curve? Why the short run average cost curve is of U shape? 4. What is price discrimination? How does a price discriminating monopoly firm decide total output and price to be charged in each market? 5. Do you agree that wage rate becomes indeterminate in a situation when monopolistic producer bargains with monopolistic trade union? Give reasons in support of your answer. 6. Explain the difference between Keynesian and Friedman’s versions of demand for money. Section C C) Short Answer Questions (Answer in about 100 Words each) 2 × 6 = 12 7. Distinguish between any three of the following: i) Demand and demand function ii) Fiscal deficit and Revenue deficit iii) Commodity terms of trade and income terms of trade iv) Multiplier and Accelerator v) Partial and general equilibrium 8. Explain any three of the followings: i) Opportunity cost ii) Liquidity trap iii) Philips curve

Book is available in English & Hindi Medium


Block- 1 Introduction of Economics

Unit-1 Central Problems

Unit-2 Basic Economics Concepts

Unit-3 Methods of Economic Analysis
Block- 2 Theory of Consumer Behaviour

Unit-4 Demand Function and Concept of Elasticity

Unit-5 Consumer Equilibrium

Block- 3 Theory of Consumer Behaviour

Unit-6 Theory of production

Unit-7 Theory of Costs

Block- 4 Market Structure

Unit-8 Various Forms of Market

Unit-9 Theory of Monopoly

Unit-10 Theory of Monopolistic Competition

Block- 5 Pricing in Factor Markets

Unit-11 Marginal Productivity

Unit-12 Rent, Interest and Profit

Block- 6 Microeconomic Aggregates

Unit-13 Circular Flow and National Income

Unit-14 National Income Measurement

Block- 7 Determination of Income, Employment and Interest

Unit-15 Equilibrium in Goods Market

Unit-16 Equilibrium in Money Market

Unit- 17 Integration of Goods and Money Markets

Block- 8 Money & Prices

Unit- 18 Quantity Theory of Money

Unit- 19 Inflation and Unemployment

Block- 9 Introduction to International Trade and Public Economics

Unit- 20 Topics in International Economics

Unit- 21 Public Economics


1. Solution Paper - June 2010
2. Solution Paper - Dec 2010
3. Solution Paper - June 2011
4. Solution Paper - Dec 2011
5. Solution Paper - June 2012
6. Solution Paper - Dec 2012

EEC-11 Fundamentals Of Economics
Rs. 160 (Minimum Discount 40%)
and Postage Charges Extra
No. of Pages: 312
Author : GPH Panel of Experts
ISBN : 978-93-81970-96-6.

EEC-11 Fundamentals Of Economics in Hindi Medium
Rs. 140 (Minimum Discount 40%) and Postage Charges Extra
No. of Pages : 254
Author : GPH Panel of Experts
ISBN : 978-93-81970-71-3

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