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25 views3 pages

Eco-06 e

Uploaded by

prosenjitchakraborty6587
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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ECO - 06

Bachelor’s Degree Programme


(BDP)

ASSIGNMENT
2020-2021

Elective Course in Commerce


ECO – 06: Economic Theory

For July 2020 and January 2021 admission cycle

School of Management Studies


Indira Gandhi National Open University
Maidan Garhi, New Delhi -110068
School of Management Studies
Indira Gandhi National Open University

Elective Course in Commerce


ECO – 06: Economic Theory
ASSIGNMENT: 2020-21

Dear Students,
As explained in the Programme Guide, you have to do one Tutor Marked Assignment in this
Course.
Assignment is given 30% weightage in the final assessment. To be eligible to appear in the
Term-end examination, it is compulsory for you to submit the assignment as per the schedule.
Before attempting the assignments, you should carefully read the instructions given in the
Programme Guide.
This assignment is valid for two admission cycles (July 2020 and January 2021). The validity
is given below:
1. Those who are enrolled in July 2020, it is valid up to June 2021.
2. Those who are enrolled in January 2021, it is valid up to December 2021.
You have to submit the assignment of all the courses to The Coordinator of your Study Centre.
For appearing in June Term-End Examination, you must submit assignment to the Coordinator of
your study centre latest by 15th March. Similarly for appearing in December Term-End
Examination, you must submit assignments to the Coordinator of your study centre latest by 15th
September.
TUTOR MARKED ASSIGNMENT
COURSE CODE : ECO-06
COURSE TITLE : ECONOMIC THEORY
ASSIGNMENT CODE : ECO-06/TMA/2020-21
COVERAGE : ALL BLOCKS
Maximum Marks: 100
Attempt all the questions:

1. Explain the exceptions to the Law of demand using the distinction (20)
between substitution and income effects.

2. What is the meaning of the term 'Monopoly'? In what way does it (20)
differ from perfect competition?

3. What do you understand by production possibility curve? Illustrate it (20)


with the help of a suitable example.

4. What is long-run cost curve? Why is short-run Average Cost Curve U- (20)
shaped?

5. Write short notes on the following : (4X5)

(a) Opportunity cost


(b) Quasi Rent
(c) Consumer's surplus
(d) Indifference curves

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