IGNOU MEC-001 Free Solved Assignment 2012

MEC-001: Microeconomic Analysis  AssignmentCourse Code: MEC-001Marks: 100 Note:   Answer all the questions.  While questions in Section A carry 20 marks each, those of Section B carry 12 marks each.Section A                        1.         Explain the concept of Nash equilibrium. How it is related to (a) Dominant strategy equilibrium and (b) Sub-game perfection? Ans.    ...

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IGNOU MEC-002 Free Solved Assignment 2012

MEC-002 : MACRO ECONOMIC ANALYSIS(Assignment Code: MEC-002/AST/2011-12) Section: A Q.1      What is meant by steady state in the Solow Model? Explain how Golden Rule is different from steady state. Ans    The Steady State is a condition when the economy does not have to change its capital-labour ratio. Investment per unit of effective labour equals saving per unit of effective labour i.e i = sy  {since, y = f(k)}, then i = sf(k) The rate of growth capital stock is equal to the rate of investment. In...

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