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assignment eec11

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Bachelor’s Degree Programme
(BDP)

ASSIGNMENT
(2013-14)

Course Code: EEC-11
FUNDAMENTALS OF ECONMICS

School of Social Sciences
Indira Gandhi National Open University
Maidan Garhi, New Delhi-110 068

EEC-11
FUNDAMENTALS OF ECONMICS
Assignment (TMA)
2013-14
Programme Code: BDP
Course Code: EEC-11

Dear Student,
As explained in the Programme Guide for BDP, you will have to do one assignment for this Elective course in Economics (EEC-11). This is a Tutor Marked Assignment (TMA) and carries 100 marks. It is important that you write answers to all the questions in your own words. The TMA is designed to enable you to answer different categories of questions. Here evaluation is made keeping in view your ability to present your answer in a systematic, precise and coherent manner. The assignment is divided into three Sections. Remember that all questions are compulsory. Section A comprises two long answer questions of 20 marks each. Section B comprises four questions of 12 marks each while in Section C you have to answer two questions of 6 marks each.

Submission: The completed assignments should be submitted to the Coordinator of your Study Centre on or before

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March 31, 2014 for July 2013 session and 30th September, 2014 for January 2014 session.

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EEC-11
FUNDAMENTALS OF ECONOMICS
TMA
(Coverage: Blocks 1 to 10)
Programme Code: BDP
Course Code: EEC-11
Asst. Code: EEC-11/AST/TMA/2013-14
Maximum Marks: 100
Note: Answer all the questions.

SECTION A. Long Answer Questions. (Answer in about 500 words each)

1.

220=40

Distinguish between Cardinal utility approach and Ordinal utility approach to consumer behavior. Explain the consumer’s equilibrium in terms Marshallian Law of equi-marginal utility. Give illustrations in support of your answer.

2.

Critically examine the various theories of demand for money.

SECTION B. Medium Answer Questions. (Answer in about 250 words...