Describe the concept of 'quasi markets' in the provisioning of public services.

Compare and contrast Adam Smith's theory of development with that of Ricardo's.

Derive the results for the optimal use of renewable resources under the discrete and continuous time frames.

What are the main propositions of the Real Business Cycle model? Describe the basic structure of a prototype Real Business Cycle model.

Specify the fundamental challenges of using the non-renewable resources optimally.

Describe the Mankiw-Romer-Weil extension to the neoclassical model to include human capital. Explain why diminishing returns to capital do not take place in the AK model.

Explain how 'poverty' is not the sole determinant of malnutrition.

What do you understand by technical progress? What is the relationship between technical progress and growth of total factor productivity? Discuss the various conceptions of neutral technical progress as put forward by Hicks, Harrod and Solow.

Discuss the main sources of economic growth. Discuss the main adverse repercussions on the economy that the process of economic growth can have.

Discuss the significance of 'efficiency wage' in contributing to health and productivity of workers.

Discuss the various situations of 'market failure' leading to environmental degradation.

Make a case in favour of levying the 'user fees' for public health facilities. What are the arguments that can be offered 'for and against' such a proposal?

Bring out the inter-regional variations in 'expenditure on education' in India as it obtained in the early years of 2000s.

Write a note on the different types of 'common property resource'.

Permanent income hypothesis

Capital asset pricing model

What are the essential differences in the two approaches of 'shadow prices' and 'hedonic pricing' methods as 'valuation tools of environmental functions'.

Explain the transition to 'institutional economics' from 'neoclassical economics'.

Classify various theories of unemployment based on the possible responses of the firm.

Discuss the Gordon's contention that the 'optimal size of fishery is one which maximizes sustainable resource rent' with appropriate theoretical justification.