ignou ma economics assignment 2021 22

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IGNOU MEC Assignment 2023-2024 (July – January)

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MEC-108: Economics of Social Sector and Environment

Ignou solved assignment solution for 2021-22, if you are looking for mec-108 ignou solved assignment solution for the subject economics of social sector and environment, you have come to the right place. mec-108 solution on this page applies to 2021-22 session students studying in mec courses of ignou., looking to download all solved assignment pdfs for your course together, mec-108 solved assignment solution by gyaniversity.

Assignment Code: MEC-108/AST/2021-22

Course Code: MEC-108

Assignment Name: Economics Of Social Sector and Environment

Year: 2021-2022 (July 2021 and January 2022 Sessions)

Verification Status: Verified by Professor

Note: Answer all the questions. While questions in Section A carry 20 marks each (to be answered in about 500 words each) those in Section B carry 12 marks each (to be answered in about 300 words each). In the case of numerical questions word limits do not apply.

1) Discuss the limitations of Coase Theorem.

Ans) In law and economics, the Coase theorem describes the economic efficiency of an economic allocation or outcome in the presence of externalities. The theorem states that if trade in an externality is possible and there are sufficiently low transaction costs, bargaining will lead to a Pareto efficient outcome regardless of the initial allocation of property. In practice, obstacles to bargaining or poorly defined property rights can prevent Coasean bargaining. This 'theorem' is commonly attributed to Nobel Prize winner Ronald Coase.

There are limitations to the Coase theorem. If there are multiple polluters, or more than one party affected by the pollution, the assignment of property rights actually can determine the level of pollution. Take, for example, a plant that expels waste into a river. If the river flows through two towns, the one that is further way incurs fewer costs associated with cleaning the water. The amount each town is willing to pay to reduce waste would be different, and therefore the allocation of property rights among the plant and the two towns could determine the outcome. Another limitation becomes clear when we consider transaction costs such as measurement and enforcement. For example, if more than one firm is polluting, determining how much pollution is coming from each firm could be costly or difficult. These costs could be more significant than property rights in determining the level of pollution.

The Coase Theorem also has its limitations. First of all, its assumptions are too harsh. Only when the transaction cost is zero, can the result stated by the Coase theorem appear. In reality, transaction costs cannot be equal to zero. Second, even if the transaction cost is zero, there are strategic behaviors that Western scholars call in reality. Because of the strategic behavior, there will be no Pareto ideal state as mentioned in the Coase Theorem. This kind of strategic behavior is widespread, and we also have it in China. For example, in urban demolition, you often encounter "nail households". If you don't agree to his harsh conditions, he just won't move. This behavior is strategic behavior. Finally, the Coase Theorem ignores the effect of income distribution. This is the most important reason. The Coase Theorem attempts to prove that the distribution methods of different property rights will not affect the efficiency of resource allocation, that is: any property rights distribution method will lead to the Pareto optimal state.

Recall that MNPB is defined as :

MNPB = P – MC

and the socially optimal level of pollution occurs where,

MNPB = MEC.

Thus, the above two equations entail:

P = MC + MEC = MSC

Identifying the bargaining parties

Even if transaction costs are less than the benefits to be obtained from a bargain, no bargain may take place. Many pollutants are long lived – they stay in the environment for a long period of time and may affect people, years or decades later. Toxic chemicals, radioactive wastes, ozone layer depletion and global carbon dioxide pollution are some examples of this category. If bargaining has to exist, then some groups of the present generation would have to bargain on behalf of the future generations, which is more unlikely to happen.

A further problem of identifying the polluters and sufferers arise in case of open access resources. In such cases, it is not clear who will bargain with whom, since no one individual has an incentive to reduce his or her access to the resource. In some other situations, it is difficult to say who the polluters and sufferers are. Sufferers may be unaware of the source of pollution from which they suffer, or even be unaware that damage is being done. The cost of generating the information for the sufferers need to be added to the costs of transacting any bargain. The likelihood of bargain being socially efficient, even if it occurred, is remote given the need to identify the damage done and its distribution among sufferers.

2) Explain Arrow’s perspective of healthcare market.

Ans) Kenneth Arrow (1963) suggested that healthcare markets are characterised by a significant amount of ambiguity, particularly among patients on the consequences of purchasing medical treatments. Patients, for example, have a natural apprehension regarding the efficacy of medical therapies, i.e., which treatment will best heal their condition or relieve their pain. Treatment success is determined not only by the effectiveness of the treatment, but also by idiosyncratic elements specific to the patient. Thus, two individuals with the same condition who are treated in the same way may recover at different rates depending on random factors such as individual immunity, mental strength, and so on. Even between two episodes of the same sickness in the same person, there will be differences, making each episode unique. Patients will find it incredibly difficult to learn about and evaluate the quality of medical care services as a result of this. As Arrow notes, in medical markets, uncertainty over product quality is arguably more profound than in any other. Disease recovery is as unexpected as its occurrence. Furthermore, the level of uncertainty (measured by the utility variable) is unquestionably bigger for medical care in extreme circumstances than other products such as houses or automobiles, despite the fact that these are also rare expenditures like a costly medical treatment for a catastrophic ailment.

Second, correct 'information' becomes extremely valuable in times of uncertainty. The 'elusive nature' of knowledge, on the other hand, limits its marketability on both demand and supply sides. Consumers' capacities to collect and comprehend information, in particular, are limited. In traditional markets, dealing with uncertainty is learned through repeated transactions that allow one to find an ideal approach through trial and error. In the case of healthcare markets, this is not possible because transactions may not be repeated, or if they are, they are repeated at extended periods when the underlying parameters have changed. The constraints on obtaining information in cases of severe sickness are imposed by an insufficient number of trials to learn from and 'the underlying difficulty of prognosis.'

When it comes to the limitations of consumers' ability to comprehend information, Arrrow sees them as unaware of the value of information purchased from physicians. Patients, in general, are unable to assess concerns like as whether diagnostic tests are required, whether all drugs prescribed are appropriate for the disease, whether cheaper or better alternatives to the same medicines are available, and so on. Even if the patient possesses the essential skills and knowledge to assess the quality and relevance of treatment in normal circumstances, the disease may impede the patient's ability to function and process information. In the case of serious illnesses, the possibility of impairment (or even death) can exacerbate the evaluation dilemma.

Furthermore, people who are newly diagnosed with a disease frequently have limited time to gather information, because the efficiency of a medical therapy is dependent on the shortest possible period between the onset of the sickness and the start of treatment. In the absence of the ability to assess the effectiveness of the treatment provided, the patient is sometimes left with little choice but to trust and rely on the physician. This means that physicians and other supply-side agents are expected to behave differently than other people in traditional marketplaces. While all service-oriented products have an element of trust, the morally understood limits on a physician's activities are far more severe than in the case of others (e.g. a barber). There is thus a 'collective-orientation' that distinguishes medicine from other professions in which participants"self-interest' is the accepted norm. The profit motive's relative insignificance in healthcare markets is significant since it can assure recurring contacts between parties, such as patients preferring to seek treatment from, or refer others to, a trusted physician. In fact, trust may serve as a placebo, increasing the effectiveness of treatment.

Fourth, Arrow understood that certain market participants will have more information than others (i.e. there is variability in the extent of information gathered and processed). Information, like other commodities, has a cost of production and a cost of transmission, therefore it's only reasonable that it's not freely shared. The amount of information a consumer obtains is determined by the individual's estimated costs and advantages of obtaining information. Due to variances in money (or opportunity costs of time), analytical talents, and other factors, consumers' costs and benefits will vary. In light of this, it was previously claimed that some knowledge could be considered a public benefit, necessitating government action and provisioning.

As a result, according to Arrow, the four characteristics of the healthcare market are I uncertainty; (ii) the importance of obtaining accurate or reliable information; (iii) trust vis-à-vis limited consumer's'ability' to process information received; and (iv) variability in information received and processed.

3) Briefly explain the concept of Capability Approach propounded by Sen.

Ans) The human capital hypothesis is concerned with enhancing an individual's ability to produce goods and services through their skills, knowledge, and effort. The goal is to relate an individual's productive efficiency to their lifetime earnings through investing in human capital building. Amartya Sen's human capability approach focuses on the ability that individuals develop by choosing to live a life that they value, hence increasing the substantive choices available to them.

The 'capability approach' (CA) posits that social arrangements should be judged largely on the degree of flexibility people have in accomplishing their goals. It's a framework for measuring and evaluating social arrangements in terms of quality of life and happiness. Sen's CA is thus a moral framework aimed at expanding informational space on matters affecting people's overall well-being. In a broad sense, it emphasises the significance of extending human skills to broaden people's choices. Education is regarded crucial to the notion of capability in this framework of development, and it plays a far larger part in an individual's and thus social growth. Sen describes human capital in this way as a means of producing quality human beings through education, learning, and skill development.

In other words, whereas education is viewed as a method of growth in the 'human capital' approach, education is viewed as development in and of itself in the 'human capacity' approach. Sen describes poverty as a lack of 'capability deficiency,' not only a lack of income. Education is viewed as a useful role that should be pursued for its own sake, and it is maintained that it will eventually lead to progress by improving the quality of life through freedom of choice. The CA is thus based on education's dual role of I intrinsic value and (ii) instrumental value, i.e. education is important both as a means of economic progress and as a way of enriching people's personal and social lives. Sen's capability approach has been criticised on the grounds that expanding educational possibilities does not always imply expanding human capacities. Several core challenges remain unsolved in the theoretical and empirical work on the capacity approach to well-being and growth.

4) In what way the ‘organisational change and technical efficiency’ impacts the supply of healthcare services? Discuss.

Ans) Variations in healthcare worker efficiency could also be related to disparities in healthcare infrastructure efficiency levels, as well as the presence of other negative health outcome correlations such as social factors (like poverty and lack of education). The importance of organisational variables is highlighted in this context in terms of increased budgetary provision, which often aids countries and specialised hospital units in obtaining the necessary allocations. Technical efficiency is useful for assessing such organisational characteristics, which in the case of a healthcare system are frequently estimated using non-parametric approaches such as Data Envelopment Analysis and Stochastic Frontier Approach. These approaches do not make any assumptions about the distribution of outputs, and they do not require any a priori price information. As a result, they are currently being used in industries like as health and education, where profit is not the primary motivation.

Technical efficiency can be measured in two ways: I input-oriented technical efficiency measurement, and (ii) output-oriented technical efficiency measurement. The former is concerned with the smallest amount of input quantities (which can be proportionately reduced) without affecting the quantity of output produced, whereas the latter is concerned with the maximisation of output quantities (which can be proportionately increased) without affecting the quantity of inputs. The TE of a Decision-Making Unit (DMU) is calculated using an output-oriented metric by comparing its actual output to the maximum producible amount on the frontier. Input-oriented measures compare a DMU's actual input in use with the minimum input that would create the desired output level, i.e. determining how much input quantities may be proportionately lowered for each DMU without affecting the actual output bundle.

The idea of input and output oriented technical efficiency can be presented by a graphical presentation for the case of a single input and single output (Figure below). The horizontal axis represents the input used by the firm and the vertical axis shows the output produced with the point A(xo,yo) representing the actual input-output bundle from which y*= f(x0), the maximum output producible from input x0, can be potentially realised. The output-oriented measure of technical efficiency is given by TEo =

Which is the comparison of actual output with the maximum producible quantity from the observed input. Assuming that for the output level the quantity of input can be proportionately reduced till the frontier y0 is reached with an input x*, the input-oriented technical efficiency measure for the concerned DMU is given as TEI = 

Since the value of TE, calculated by this method, lies between 0 and 1, a score of 1 will signify that the firm is fully efficient and a score below 1 signifies inefficiency.

Input and Output Oriented Technical Efficiency

The healthcare finance, along with other inputs, is often not fully utilised to reach the maximum output (health status) and therefore there remains a large scope for improving the effect of health finance on the health status. Since improving the efficiency of spending would remain a critical strategy in the financing for ‘universal health coverage’, funding would remain an important correlate in improving the health status of people.

5) How are ‘market prices’ and ‘shadow prices’ are useful as valuation tools for environmental services? Explain.

Ans) Market Prices

Natural resources that are marketed can be valued using market values. As we all know, market price is established when demand for a commodity matches supply. It is regarded as a form of equilibrium price because it is determined as a result of interaction between multiple buyers and sellers. The advantage of a market price is that it represents the consumers' willingness to pay. As a result, assuming there is no market failure or policy failure, it could be an appropriate way for valuing (environmental resources). The market price, on the other hand, is frequently distorted and does not reflect the underlying economic value of a commodity. As a result, allocating resources based on market prices does not represent economic efficiency in resource utilisation. Taxes levied by the government and government subsidies could be distorting factors. Subsidies, for example, lower the price of fertiliser compared to what it would have been otherwise. As a result, the market price of fertiliser is lower than its genuine economic value, encouraging farmers to purchase more. Fixation of exchange rates, particularly for goods sold abroad, could be a second source of market pricing distortion.

Many environmental resources are not exchanged at all, and hence do not enter the market. In such circumstances, market pricing cannot be used to value the resources, and we must seek for alternate valuation methods. Second, in most situations, the government owns the property rights to natural resources. Unauthorized sales of minerals, forest products, animal hides and horns, and other items are common in many nations, including India. Because the seller is not responsible for the product's production costs, he or she can sell it for a lower price.

Shadow Prices

Due to market failure and policy failure, market prices do not reflect the genuine economic value of a thing, as previously stated. Market failure refers to the market mechanism's inability to adequately reflect the value of environmental goods and services in particular conditions. When a government policy has unanticipated consequences or wastes resources inefficiently, it is called policy failure. For example, in the past, certain Indian state governments have subsidised modest irrigation using tube wells in order to boost food grain output. Farmers were given the necessary incentives in the form of lower credit rates and financial subsidies, which encouraged them to drill more and more deep tube wells, increasing irrigation capacity. The unintended environmental impact, on the other hand, was a shift in cropping patterns in favour of water-intensive crops, resulting in excessive depletion of underground water resources and a lowering of the water table, which eventually dried up shallow tube wells, resulting in overall water shortage.

The use of market prices has a drawback in that, while it reflects the unit cost of production of products or services to individuals, it ignores the societal cost and benefit. The use of shadow prices addresses this problem by accounting for the societal impact of the commodity or service's production. However, because the estimation approach is incomplete, the shadow prices method has the potential to be biassed. Furthermore, it may be tainted by the researcher's or decisionmaker's personal bias.

6) Specify the functional form of ‘Gini Coefficient’ with its underlying rationale. Outline how it is useful to measure income and consumption inequalities.

Ans) The Gini coefficient, created by Italian statistician Corrado Gini, is a frequently used metric for measuring income and consumption inequality. It's a metric for determining the degree of concentration in a variable's inequality in a distribution of its constituents. It assumes a value of zero when there is perfect equality in society, with values ranging from 0 to 1. On the other hand, it takes the theoretical maximum of 1 when every individual's income level except one is 0 in a population. As a result, the Gini coefficient serves as a summary figure for the Lorenz curve. It is calculated as the ratio of the area below the Lorenz curve's line of equality to the entire area of the triangle ABD in Figure 1.1. The Gini Coefficient (G) is derived as G = area AEDF/ area AEDB, as previously stated. Because the Gini coefficient is between zero and one, as the index rises from zero to one, the inequality grows. The Gini-coefficient is determined using the formula in empirical experiments.:

        Computation of Gini Coefficient

where n is the number of individuals and Yi is the income of the individual occupying the ith row of the sorted income data. The income of the poorest individual is Y1 and that of the richest is Y10. The calculation of the Gini is illustrated in Table above. The Gini coefficient G is:

While comparing the same for two or more regions, a lower Gini indicates a higher level

of social or economic inequality.

Many other inequality indices have been developed, and some of these have additional desirable properties not satisfied by the Gini coefficient. One such important index is the Theil index (on which you will study more in the course MEC 009/109 on Research Methods in Economics). Different inequality indices implicitly represent different value judgments, notably on the relative weight to be given to different parts of the distribution. For instance, the simplest way to measure inequality is by dividing the population into five quintiles – from poorest to richest and calculating the proportions of income (or expenditure) that accrue to each level.

Q7) Characterise the basic features of health services distinguishing between healthcare and medical care.

Ans) The terms "healthcare" and "medical care" are not interchangeable. Although the two terms are sometimes used interchangeably, they are not synonymous in terms of health economics. When compared to medical care, healthcare is a far larger notion. When a person becomes sick or ill, medical attention is required. However, healthcare should ideally begin at a young age and focus on healthy eating choices, frequent physical activity, avoiding excessive drinking and smoking, and so on. Doctors give medical treatment to patients, however every individual can provide healthcare to himself or herself. WHO's notion of an integrated system of healthcare services includes a three-tiered preventative healthcare system. Primary prevention, in this context, is described as the prevention of health problems before they occur (e.g. by health education, antenatal care, disease prevention, immunization, etc.). Secondary prevention, often known as curative healthcare, is the early detection and intervention of diseases. Correction and prevention of deterioration, rehabilitation, and terminal care are all examples of tertiary prevention.

Both commercial and public healthcare services coexist in most nations around the world. However, in terms of objectives, functions, and management, the role of private healthcare is fundamentally different from that of public healthcare. As a result, healthcare is primarily provided by publicly funded organisations rather than private insurance premiums in a democratic and planned economy. The main difference between the public and private healthcare systems is that, in addition to most of the services provided by public hospitals being largely free, the number of patients per doctor in public hospitals is far higher than in private hospitals due to the ‘non-rivalry (in consumption) and non-excludability properties' of public healthcare. This has an effect on the quality of care delivered by public hospitals.

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Master of Arts [MA] (Economics) (Part Time) From IGNOU, New Delhi

IGNOU Upcoming Application Dates 2024

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Eligibility Criteria

Candidates must have a passed Graduation from a recognized university

Course Details

IGNOU MA Economics admission 2024 for the July session has been started. The last date to apply is August 14, 2024. Interested candidates can apply online on the official website of IGNOU @ignou.ac.in. Admissions will be granted based on marks secured in the qualifying examination. Check  IGNOU Admission 2024 

Table of Content

• IGNOU MA Economics Study Materials
• IGNOU MA Economics Assignment
• IGNOU MA Economics Admission
• IGNOU MA Economics Course Details
• IGNOU MA Economics Fee Structure
• IGNOU MA Economics Placements
• IGNOU MA Economics FAQ’s

IGNOU MA Economics Admission Dates

IGNOU provides study material to students free of cost. Here are the links for MA Economics study materials that are tabulated below. Students can easily download or view the study material from here without any registration. It will help students to understand & get a clear idea about the course curriculum.

IGNOU MA Economics Assignments 2024

Assignments constitute continuous evaluation. The marks that you secure in the assignments will be counted in your final result. As mentioned earlier, an assignment of a course carries 30% weightage. You are therefore advised to take your assignment seriously. 

Non Submission of Assignment

The TMA for each semester can be downloaded from the Student Zone of the University website. You have to complete the assignment within the due dates specified in the assignment booklet. You will not be allowed to appear for the term-end examination for any course if you do not submit the assignment in time for that course. If you appear in the term-end examination, without submitting the assignments, the result of the term-end examination is liable to be canceled.

Read More:   IGNOU Assignment

IGNOU MA Economics Admission

The Admission form can be filled through the admission portal available on the official website of the university.

Also, Foreign students residing in India and having valid student visa can seek admission in the selective programs. They have to register in a separate process as mandated by the University. The steps for application to be followed by Indian Candidates are:

• Register at the University official website with the valid details.
• Log in again to the account through the username and password and fill the admission form and upload the necessary documents.
• After the completion of the application form-filling process, one has to do the payment of admission fee of INR 600. Payment of registration fees can be done through credit/debit cards or net banking.
• It is advisable to save or print the admission letter for safety purposes.
• Candidates can track the process of admission through the registration status portal.
• Foreign residential candidates have to download the admission form and have to submit it physically with relevant documents along with the registration fee and admission charges as applicable, at the university.
• Students except for PIO/OCI cardholders need to submit the No-Objection certificate from the concerned embassy in India.

Check: IGNOU Admission

Documents Required

• Scanned Photograph (less than 100 KB)
• Scanned copy of Age Proof (less than 200 KB)
• Scanned copy of relevant Educational Qualification (less than 200 KB)
• Scanned Copy of Experience Certificate (if any) (less than 200 KB)
• Scanned Copy of Category Certificate, if SC/ST/OBC (less than 200 KB)
• Scanned Copy of BPL Certificate, if Below Poverty Line (less than 200 KB)
• Scanned Signature (less than 100 KB)

IGNOU MA Economics Course details

IGNOU MA Economics offers much openness and flexibility by allowing the students to complete this program in a minimum of 2 years or up to a maximum of 4 years.

• The program consists of a total of 64 credits which are covered through 8 courses which include theory, practical and project components.
• 1st year comprises 4 compulsory courses with 8 credits each and the 2nd year comprises 2 compulsory courses and 2 elective courses with 8 credits each. 
• Candidates are required to attain these 64 credits to complete this course.
• The university provides flexibility by providing the students with Choice-based time schedule (i.e.) to complete the program as per their time schedule and with the choice of a particular course that they want to study in a particular year.
• Learners with more than 40% disability are given additional 2 years beyond the maximum period for completion of the course.

Program delivery and Instructional system

IGNOU being an Open University system, its program delivery method is unique from other universities. Most of the instructions are given through distance mode and face to face as per the necessity. Following are the multimedia approaches used by the university:

• Self-instructional print material
• Audio and video cassettes
• Video content through e-Gyan Kosh 
• Assignments
• Audio-video transmission programs through TV or Radio.
• Teleconferencing session
• Face to face counselling at study centres

IGNOU MA Economics Fee structure

The program fee can be paid through credit/debit cards on the official site of the university.

• Students under the SC and ST category are assured with concession in program fees under SCSP and TSP schemes. People who are employed or the one who is already availing of concession through any other means are not eligible for this scheme. 
• As per the agreement with Kendriya Vidhyalay Sangathan (KVS) for Scholarships,100 students are eligible to get a 50% concession in the programs fees for one year. 
• The fees payment schedule is given below. 

IGNOU MA Economics Placement

The university has established the Placement cell widely known as CPC with the motive of serving a platform to the students pursuing UG, PG, diploma, and doctoral degrees in various IT/NON-IT sectors. 

• The CPC was established with the mission to enhance and facilitate the process of suitable employment opportunities that are equivalent to the resumes of the students.
• Students seeking the assistance of CPC cell for placements have to submit their corresponding resumes or CVs at the official website of the placement cell of the university.

Read More:   IGNOU Placement

IGNOU MA Economics FAQs

Ques. Is there any entrance exam conducted for admission into MA Economics program at IGNOU New Delhi?

Ans. No, there is no entrance exam for the admission process. Selections for this program are merit-based.

Ques. Are there any reserved seats for OBC, SC, ST class at IGNOU New Delhi?

Ans. Yes, the university provides reservation of seats for SC, ST, OBC, and economically weaker sections (EWS), war widows, Kashmiri migrants and physically handicapped students as per the rules made by the government.

Ques. What is the re-registration process at IGNOU New Delhi?

Ans. Re-registration means registration process done in the next semester/year, no matter if the candidate has passed the first year exam or not, they can seek admission for the 2nd year by submitting the re-registration form and fees.

Ques. Can we change the particular course, program, or medium at IGNOU New Delhi?

Ans. Yes, any changes can be done except CBCS based BAG, BCOMG and BSCG programs. 

• Change of optional courses can be done within 30 days of receipt of course material by making payment of INR 1200 for 6-8 credit courses and INR 600 for 4 credit courses.
• One can change the particular program within 30 days of receipt of the study material.
• Change of medium is possible within 30 days of receipt of the first set of course material in the 1st year on payment of INR 350 + fees for each credit course.

Ques. What is the procedure for taking admission by an international student at IGNOU New Delhi?

Ans. IGNOU offers selective programs for international students through Overseas Study Centres (OSCs) that provide student support services on behalf of IGNOU. Students seeking admission can contact the concerned OSC regarding the further processes. 

Ques. What are the facilities provided to the students by IGNOU New Delhi?

Ans. The open university provides online education through Gyan-Darshan- an educational channel, Gyan-Vani- FM radio channel running with 26 stations, IGNOU podcasts, and printed study materials directly at your home service. Along with that, IGNOU consists of a cafeteria, IT infrastructure, guest-rooms, Audio-video library, anti-sexual harassment committee, anti-ragging committee, medical facilities and an auditorium for the benefit of the students.

• Registration fee of Rs 300/- (Non-refundable) is to be paid at the time of admission in addition to the programme fee given in the following table. University Development fee of Rs 200/- is to be paid at the time of admission in addition to the programme fee
• Registration fee of Rs 500/- (Non-refundable) is to be paid at the time of application in addition to the programme fee given in the following FLIP (Fixed Learning Intake Programme): PGDMCH, PGDGM, PGDHHM, PGDHIVM, DNA, PGCMDM
• Registration fee of Rs 850/- (Non-refundable) is to be paid at the time of admission in addition to the programme fee

Master of Arts [MA] (Economics) Comparison

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Indra Gandhi National Open University Review

• this college has diverse course offerings and have supportive learning environment.if you are thinking about doing a course sidewise without giving your much time then this college will be a best option for you.
• overall the academic programs exceeded my expectations in every aspect.Affordability can also be the reason to be a paet of the IGNOU programmes.however,you have to study your own as it doesnot offer any mentorship programme.
• One of the major drawback of the distance learning is face to face onteraction with professors and peers while ignou offers some online virtual classrooms and discussion forums but student may find it challenging to fully engage.
• while IGNOU provides the theoretical knowledge through its course materials,some programmmes may lack hands on practical components.this can be disadvantage for students seeking practical skills and real world experience in their chosen field.

Course Curriculum Overview :

as i was preparing for the competitive exam, so didn't have much time to do a regular learning course as it requires a lot of time if you are doing a course on regular terms that is why i chose distance learning so that I can also manage my other studies also. genuinely saying in the aspect of the preparation of the real world applications, it is very limited if you are doing any course from ignou as it offers distance learning programs, so you have to do study and other things by your own. IGNOU should offer some platform in which there is content related to your respective course and proper guidance and mentorship. The timing of exams depends on the kind of course you have chosen, it can be at the end of year or half yearly according to your semesters. Talking about difficulty level if you have done the previous year question papers the chances of your scoring good increases.

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MA Economics - IGNOU

• It is a distance learning platform from where you can get a degree while doing job or government exam preparations.
• You don't have to worry about attendance
• You have to submit your assignments on time, can't miss this or else you will not be eligible to apply for your degree.
• Helpline no are not useful, you have to visit your regional center for any required assistance

Course curriculum is according to the standards of University or education board, you just have to go through by yourself or can refer to youtube videos to get a clarity of concepts. Exams are conducted twice a year in june and december month. You can give or delay your exams till the course is valid.

IGNOU University (Pros and cons)

• Online facilities attracts me more to admission and easy process
• Timely conduction of exam . Twice in a year.
• E content was available at one place so that student can easily study.
• Ignou customer care service not properly working.

I have My optional subject is Economics at UPSC. so that, I choose to do MA in economics. The faculty was qualified and dedicated to students. The exam was conducted timely but the datasheet was not released timely.

Good Place to get a Degree

I choose distance learning in MA because I am pursuing a Bed also from Patna Women's college. In distance learning, no classes are held. Only exams are held annually not good semester-wise. Exams are not so tough according to seniors.

Ignou : complete honest review

I choose the master of economics course due to my sheer interest. Here are my course and study centre the faculty student ratio is 1:40. The teachers are well qualified all having done PhD in their field and are always ready to help the students via doubt clearing session and assignments. The teaching method is also very good giving focus on every student. Exams are conducted in a timely manner every 6 months cycle and we have the freedom to appear in any of the cycles as per our comfort so it is very flexible. Passing the exams requires above-average effort.

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IGNOU: 2 Answered Questions

Should i do ma in economics from ignou.

Pursuing IGNOU MA in Economics is good if you are a working professional or preparing for competitive examination. The course structure is flexible and gives students time to study at their own pace. You can apply for Govt. examinations such as Indian Economic Service Examination after completing the course. You can take NET/JRF as well. 

Pursuing the course will only be worth the investment if you secure a good percentage. So, concentrate on studies from the first year itself. 

Is it really difficult to get into PhD economics programs of universities like DSE, ISI or JNU with an M.A. Economics degree from IGNOU?

PhD or research is all about finding out new concepts. Thus we provide a deeper in already existing knowledge. PhD in Social Science is very much different from that of pure sciences, yet the goal is the same. As you know for doing research/PhD at the university level, the qualification required is PG degree. Every university has different criteria for selecting candidates.

As you know DSE, JNU, ISI, IEW, IIPA, and IIMs are the prime institutions for teaching, learning and researching in economics, management and public administration.

If you are willing to get into one of these institutions, a Master’s from IGNOU will have the same value as that from any other university. To get selected into these prestigious institutions, you will have to pass through a rigorous selection process of

Group discussion 

Personal interview 

Moreover you will have to provide testimonials from your professors about your academic developments.

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IGNOU Latest News

Ignou july session admission 2024 deadline further extended till august 14; get direct link here.

IGNOU June TEE 2024 Result Declared @termendresult.ignou.ac.in, Get Direct Link Here

IGNOU BA in MSME Admission Registration Open @ignouadmission.samarth.edu.in, Get Direct Link Here

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MEC : MASTER OF ARTS (ECONOMICS)

Course Details

Regional & study centre details.

• Ignou MA Economics

MEC 101 MICROECONOMIC ANALYSIS Solved Assignment 2021-22

MEC 101 MICROECONOMIC ANALYSIS Solved Assignment 2021-22: All IGNOU Assignment Free of Cost available at our website. IGNOU University always being in picture due to its IGNOU Assignment Date Extended. In this post Student will Get  MEC 101  Solved Assignment 2021-22 Easily.

MEC 101 MICROECONOMIC ANALYSIS  Solved Assignment 2021-22,  MEC 101  Solved Assignment 2021-22,  MEC 101  Assignment 2021-22,  MEC 101  Assignment, IGNOU Assignments 2021-22- Gandhi National Open University had recently uploaded the assignments of the present session for Programme for the year 2021-22. Students are recommended to download their Assignments from this webpage itself. They don’t got to go anywhere else when everything regarding the Assignments are available during this article only.

Related Link:

MEC 002 Solved Assignment 2021-22

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MEC 004 Solved Assignment 2021-22  

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MEC 108 Solved Assignment 2021-22 

MEC 109 Solved Assignment 2021-22

MECE 001 Solved Assignment 2021-22

MECE 003 Solved Assignment 2021-22

MECE 004 Solved Assignment 2021-22

Question Paper Coming Soon

Dear Students,

MEC Solved Assignment As explained in the Programme Guide, you have to do one Tutor Marked Assignment for each course. We are sending the assignments of all the six courses together in this booklet. 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 assignments as per the schedule. Before attempting the assignments, you should carefully read the instructions given in the Programme Guide. These assignments are valid for two admission cycles (January 2021 and July 2021). The validity is given below:

1. Those who are enrolled in January 2021, it is valid upto December 2021.

2. Those who are enrolled in July 2021, it is valid upto June 2022.

In case you are planning to appear in June Term-End Examination, you must submit the assignments to the Coordinator of your Study Centre latest by 15th March, and if you are planning to appear in December Term-End Examination, you must submit them latest by 15th September

IGNOU Assignment Status 2020-21

MEC 101 MICROECONOMIC ANALYSIS Solved Assignment 2021-22: Those students who had successfully submitted their Assignments to their allocated study centres can now check their Assignment Status. Alongside assignment status, they will also checkout their assignment marks & result. All this is often available in a web mode. After submitting the assignment, you'll check you IGNOU Assignment Status only after 3-4 weeks. it'd take 40 days to declare.

Also Check:

MPA 001 Solved Assignment 2021-22 

MPA 002 Solved Assignment 2021-22

IGNOU MS 5 Scan Handwritten PDF Assignment 2020-21

Here the scholars can check their IGNOU Assignment Status 2020, marks, result or both the sessions i.e; June & December.

MEC 101  Solved Assignment 2021-22 Once the TEE assignments are submitted to the Centres, it's send to the evaluation department. After which the evaluation of IGNOU Assignment Solutions takes place.

For PDF and Handwritten

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IGNOU MA Political Science (MPS) Solved Assignments 2021-22

• 1.1.1 IGNOU MPS 1st Year Assignments Free Download (in English & Hindi Medium)
• 1.2.1 IGNOU MPS 2nd Year Assignments Free Download (in English & Hindi medium)
• 2 Last Date of Ignou MA Political Science Assignment submission
• 3 Guidelines to write IGNOU MA Political Science Solved Assignments
• 4 How to obtain IGNOU MA Political Science first & second Year Solved Assignments?

IGNOU MA Political Science Solved Assignments 2021-22

IGNOU MA Political Science Solved Assignments 2021-22 – Students of Indira Gandhi National Open University who are pursuing Master degree in Political Science have to submit Ignou MA Political Science solved assignments to complete their courses.

They can download Tutor Marked assignments in both English & Hindi medium from the official website for the session 2021-22.The Ignou MPS assignments can be downloaded in any of the medium as per the requirement.

For IGNOU MPS Solved Assignments in English & Hindi Medium, Whatsapp at: 7428482160

The details of Ignou MA Political Science assignments has been mentioned below:

• Programme Name: Master Degree Programme in Political Science
• Programme Code: MPS
• Validity of Assignment: These assignments will remain valid for July 2021 and January 2022 session.

There are two sections of questions in each Ignou MA Political Science assignment i.e. Section I and Section II. In both section I & II there are 20 marks questions.

For 20 marks question, the word limit to write answer is 500 each. The few assignment questions of some courses have 10 marks questions as well.The word limit for writing 10 marks question is 400 words.

Related Post:   IGNOU MPS Question Paper IGNOU MA Psychology solved assignments IGNOU MA Sociology solved assignments

IGNOU MPS First Year Solved Assignments 2021-22

The students have to prepare the solved assignments for the Core Courses in the first year.The code and name for the courses for which assignments have to be submitted by students in the first year has been mentioned below:

The maximum marks for each assignment is 100. The university gives 30% weightage to these assignments. It means the 30% of the total marks obtained by the students in the assignments will be added in the total marks of the course. Therefore total marks for any course will be combination of 70% theory and 30% assignment marks.

IGNOU MPS 1st Year Assignments Free Download (in English & Hindi Medium)

Students can easily download Ignou MA Political Science 1st year assignment question papers free of cost from the university official website.They do not have to pay any charges or fee for that.

The university also send the hard copy of MPS first year assignments at the physical communication address of student. In case, if anyone do not receive it, he/she may download it here…

• Assignment Code: Asst/TMA/2021-22
• First Year Assignment – Download Link

IGNOU MPS 2nd Year Solved Assignments 2021-22

In the second year of Ignou MA Political Science programme, students have to submit solved assignments for the following elective courses:

IGNOU MPS 2nd Year Assignments Free Download (in English & Hindi medium)

Students can easily download Ignou MA Political Science 2nd year assignment question papers free of cost from the university official website.They do not have to pay any charges or fee for that.

The university also send the hard copy of MPS second year assignments at the physical communication address of student. In case, if anyone do not receive it, he/she may download it here…

• Assignment Code:  Asst/TMA/2021-22
• Second Year Assignment – Download Link

Last Date of Ignou MA Political Science Assignment submission

Students have to submit the solved assignments of Ignou MA Political Science programme in both first and second year for the courses which requires it. Let’s discuss about these courses…

Guidelines to write IGNOU MA Political Science Solved Assignments

• Please read the assignments thoroughly and carefully
• Students have to answer the questions as per the word limit.
• Write the answers in your own handwriting.
• Try to write answers in your own words. Don’t just copy & paste the answers from the study material.

How to obtain IGNOU MA Political Science first & second Year Solved Assignments?

It is always good to solve assignments by yourself.Because it help students to go through complete study material. It also help them in exam preparation.

In case, if someone is unable to solve assignment then he/she may request for Ignou MA Political Science solved assignments 2021-22 for all subjects in the form of PDF at cheap price.

All you have to do is to click on this link to get assignments:

Click here to get solved assignments

Or you can send email at: [email protected]

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