Description
BECC-106 : INTERMEDIATE MACROECONOMICS – I
Course Code: BECC-106
Assignment Code: ASST/BECC 106/ 2025-26
Assignment I Answer the following Descriptive Category Questions in about 500 words each. Each question carries 20 marks. Word limit does not apply in the case of numerical questions. 20 × 2 = 40
1) Derive the equations for IS and LM curves. Specify the parameters of the model. Explain how the levels of equilibrium output and interest rate are influenced by changes in these parameters.
2) By using the IS-LM framework, explain the effect of an expansionary fiscal policy on output, prices and rate of interest.
Assignment II Answer the following Middle Category Questions in about 250 words each. Each question carries 10 marks. Word limit does not apply in the case of numerical questions. 10 × 3 = 30
3) Discuss the important conclusions of the Mundell Fleming model.
4) Bring out the salient features of the asset market approach to exchange rate determination.
5) State the reasons behind exchange rate overshooting.
Assignment III Answer the following Short Category Questions in about 100 words each. Each question carries 6 marks.
6) Distinguish between the concepts of future contract and forward contract
7) Explain the concept of current account in the context of foreign trade. How is a deficit in the current account settled?
8) What are the implications of policy ineffectiveness proposition?
9) Explain the concept of adaptive expectations. What are its limitations?
10) Discuss the factors that lead to a shift in the medium-run aggregate supply (AS) curve.
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