1. Answer anyone of the following in about 1200 words:

Define in economics and in education. With the help of suitable examples, establish the relationship between fixed and variable costs, and average and marginal costs.

Do 'economic growth' and 'economic development' mean the same thing Describe the phenomenon in the developing countries, and how education contributes to this.

2. Answer any four of the following in about 300 words each

In what way education is related to age-earning profile of an individual

Describe how distance education contributes to enhancement of the quality of human capital.

Distinguish between consumption and investment vis-a-vis education.

Describe the factors that contribute to the cost of distance education.

Describe the role of educational planning in the expansion of distance education in your country.

3. Answer anyone of the following in about 1200 words:

From the study of costs of distance education, present a brief plan of action on revamping distance education in order to make it more cost-effective and cost-efficient.

Is distance education essential for continuing professional development and lifelong learning Justify your response; and argue if 'earning and learning' is any more applicable to distance education alone.