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Old June 15th, 2016, 10:51 AM
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Old April 26th, 2017, 04:25 PM
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Hello sir, is there any one can provide me here EEC code 11 question paper of Indira Gandhi National Open University?
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Old April 26th, 2017, 04:27 PM
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Default Re: eec 11 ignou

The Indira Gandhi National Open University has a EEC branch. In this branch fundamental economy has code are 11.

EEC code 11 question paper of Indira Gandhi National Open University





EEC code 11 question paper of Indira Gandhi National Open University:


A) Long Answer Questions (Answer in about 500 Words each)
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)
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)

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
iv) Externality
v) Marginal propensity to consume
vi) Substitution effect
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