Differentiate between Point Estimation and Interval Estimation.

Define multicollinearity. How do we identify it? Present its characteristics and also discuss the remedial measures to handle multicollinearity.

What is the difference between an estimate and an estimator? Explain all the properties of an estimator with reference to BLUE.

What is meant by derived demand of a factor?

What has been the impact of the WTO on Indian economy?

Discuss the concept of excess capacity associated with the long run equilibrium under Monopolistic competition

The concept of quasi-rent is an extension of the Ricardian concept of rent to other factors of production. Elucidate.

Discuss Joseph Schumpeter’s theory of profit.

Discuss various forms of government interventions intended to internalize externalities.

Using appropriate diagram, show how interaction of demand and supply curve in land market leads to determination of equilibrium rent.

What is meant by Pareto efficient allocation of resources? Is Perfect competition market equilibrium Pareto efficient? Discuss using appropriate diagrams.

Table 1: Labourtime (in minutes) requirement for production of a unit of Good X and Y by Country A and B

(i) Which country among A and B has absolute advantage in producing commodity X and which
has in producing commodity Y? Give reason. 
(ii) Which country among A and B has comparative advantage in producing commodity X and
which has in producing commodity Y? Give reason. 
(iii)Suppose after trade each country specialises in production of commodity in which it has a
comparative advantage, which country will specialise in producing commodity X?

Consider the following Table 1 which represents labour time (in minutes) requirements for the production of a unit of commodity X and Y by country A and B, and answer the questions that follow:

A country can have a comparative advantage in producing a good even if it is absolutely less efficient at producing that good. Do you agree? Explain using an example.

With regards the Kinked demand curve theory given by Paul Sweezy, answer the following:

(i) What does the kinked demand curve model of oligopoly assumes about the price elasticity
 of demand? 
(ii) Comment upon the discontinuous shape of the Marginal revenue curve under this model. 

Discuss the features of an Oligopolistic market structure. What are the various reasons that lead to emergence of this market structure? 

Give summary and support with your comments.

Are women in your area walking more than a kilometer to collect portable water? If yes, please find out the reasons for the same. If no, please list the positive development taken by the government agencies to make water accessible for women.

Examine the gender inequalities in water sector through case studies.

Read Unit 4 in this Course carefully and answer the following questions by collecting data from field.