Lecture 17 Self evaluation
Instructions: Please read the following instructions carefully before writing your answers:
1) Each question carries 1 mark.
2) There are ten names/phrases/statements against each concept out of which only one is the most appropriate matching name/phrase/statement. Identify it by writing the Sl. No. of the phrase/statement as the most appropriate alternative.
3) If a question is answered wrongly or more than one answers are marked, 0.20 marks will be deducted for each such question.
Match the entries in Column 2 with Arguments in Column 3.
| Sl. No. |
Column 2: Concept |
Column 3: Name/Phrase/statement |
Alternative |
| 1. |
The aim of positive economics |
Epicurus |
A
B
C
D
E |
| 2. |
The aim of welfare economics |
Eightfold path |
A
B
C
D
E |
| 3. |
Focus on freedom from wants to make life livable in this world, though not from from purely religious reasons |
A new branch of economics that has benefited not only from cognitive revolution but also from inclusion of neuroscience (neuroeconomics), political choices, the idea of cognitive dissonance (that beliefs are often modified to adjust to behavior), and affect (from psychology) |
A
B
C
D
E |
| 4. |
Behavioural economics |
Cynics |
A
B
C
D
E |
| 5. |
Opposition to charging interest |
Feenberg |
A
B
C
D
E |
| 6. |
Buddhist economy |
A design of economy which suits the long run requirements of sustainability and human values |
A
B
C
D
E |
|
