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Replacing the light socket will not correct the problem, although I do not believe you have done enough damage to warrant replacing the appliance. I would bet if you or an appliance repair person checked the wiring there would be an indication of a burnt wire or a burnt trace on the circuit board. The repair should be much less than replacing the range. Have you checked all the breakers on your electrical panel? The burners use 220 volts and the problem you are having is with the 110 volt circuit.
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Replacing the circuit board is plug and play and should be a task that you can do. There are no circuit breakers in the oven. Look inside at the wires and circuit boards, It should be easy to see the burnt wires, connections or boards. They will look burnt. The part will cost between $100 to $150. If you do not wish to do it yourself replacement of the range might be the best option since most companies are going to charge at least $100 for labor. You would have close to the value of the range is repair and parts cost.
Handyman
Handyman, Master Gardener, Plumber, Electrician, and Electronic Technician