Free IGNOU MEC-103 Important Questions 2025 Download PDF (English)

Free IGNOU MEC-103 Important Questions 2025 Download PDF (English)

Free IGNOU MEC-103 Important Questions JUNE 2025 Download Pdf (English), IGNOU MEC-103 QUANTITATIVE METHODS Important Questions Completed Important Questions for the current session of the Master of Arts (Economics) Program for the years 2024–2025 have been uploaded by IGNOU. Important Questions for IGNOU MEC-103 students can help them ace their final exams. We advise students to view the Important Questions paper before they must do it on their own.

Free IGNOU MEC-103 Important Questions 2025 Download PDF (English)
Free IGNOU MEC-103 Important Questions 2025 Download PDF (English)

 

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Free IGNOU MEC-103 Important Questions 2025 Download Pdf (English) QUANTITATIVE METHODS Important Questions With Answers Download Pdf A thorough examination of India's foreign policy is covered in the Master of Business Administration Master of Arts (Economics) program at IGNOU under the course code MEC-103 Important facets of India's foreign policy, ties with other world powers, and international relations are covered in this course. The most crucial MEC-103 questions are listed below, along with their solutions, to help students study for the test.

Free IGNOU MEC-103 Important Questions 2025 Download Pdf (English)

Section I

·  Define a difference equation. How does the Cobweb Model utilize difference equations to analyze economic fluctuations?

·  What is a differential equation? Explain the Harrod-Domar model of steady growth using differential equations.

·  Discuss the assumptions of Linear Programming. Using the Simplex method, maximize the objective function Z = x + y, subject to the constraints x + y ≤ 5, x + 2y ≤ 12, and x, y ≥ 0.

·  Differentiate between a probability mass function and a probability density function.

·  In a bulb factory, Machines A, B, and C produce 25%, 35%, and 40% of the total output, respectively, with defect rates of 5%, 4%, and 2%. If a bulb is selected at random, what is the probability that it was produced by Machine C?

·  Define a homogeneous function. Illustrate its three properties with examples.

·  Given the production function Q = 20K^0.5 L^0.5, derive the expression for the marginal product of labor (MPL).

·  If the marginal revenue function is MR = 50 – 10q^2, where q is the level of output, derive the total revenue function.

·  Explain the concept of elasticity of substitution. How does it relate to the production function?

·  Discuss the economic importance of duality in the context of linear programming.

Section II

·  What is the rank of a matrix? Illustrate how to determine the rank with a suitable example.

·  In a two-industry input-output model, given specific matrices for technology coefficients and final demands, derive the consumption possibility locus equation.

·  Define a stochastic process. How is it applied in economic modeling?

·  Explain the concept of a Markov process. Provide an example of its application in economics.

·  Discuss the role of quantitative methods in econometrics. How do they enhance empirical economic analysis?

·  Describe the concept of a Lagrange multiplier. How is it used to solve constrained optimization problems in economics?

·  What is the difference between a continuous-time and a discrete-time economic model? Provide examples of each.

·  Explain the concept of co-integration in time-series analysis. How does it relate to economic variables?

·  Discuss the application of the Box-Cox transformation in econometric modeling.

·  How do quantitative methods assist in forecasting economic indicators? Provide examples of forecasting techniques used in economics.

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