Assignment:
Essay Questions.
Some practice questions are given below:
1. What does the term Agglomeration Economies mean? Describe the two kinds of Agglomeration Economies with examples.
2. Consider the model that explains the spatial structure of cities.
(a) List and briefly describe the assumptions of the model.
(b) Using a figure explain why the price of housing increases as the distance from the center increases.
3. Briefly describe Simmel's ideas about how life in the city transforms a person.
4. Using a figure, briefly describe the traditional sector in the Lewis model. Clearly demarcate the phases of surplus labor and disguised unemployment.
5. Briefly describe the assumptions of the Harris-Todaro model. Using a figure, briefly explain the equilibrium.
6. Briefly describe the difference between temporary and chronic poverty. Give examples.
7. A country has 400, 200, and 400 individuals with incomes of $600, $800, and $1200, respectively. The poverty line is $1000. Calculate the Head Count Ratio, Poverty Gap Ratio, and Income Gap Ratio.
Readings:
Development Economics
By Debraj Ray