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.
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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
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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