Description
BECC-106 : INTERMEDIATE MACROECONOMICS – I
Course Code: BECC-106
Assignment Code: ASST/BECC 106/ 2023-24
Total Marks: 100
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. 2 × 20 = 40
1) How do you derive the AD curve on the basis of IS-LM model? What are the factors that
influence the slope and position of the AD curve?
2) Bring out the salient features of the Dornbusch’s overshooting model. What are its
implications?
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. 3 × 10 = 30
3) What is Phillips Curve? What is its shape under (i) adaptive expectations, and (ii) rational
expectations?
4) What are the major components of the balance of payments (BoP)? Why does the BoP
always balances?
5) What are the implications of rational expectations hypothesis? What are its
limitations?
Assignment III
Answer the following Short Category Questions in about 100 words each. Each question carries
6 marks. 5 ×6 = 30
6) Describe the various types of financial markets.
7) Write a short note on the types of financial derivatives.
8) Distinguish between nominal and real exchange rate.
9) Give a brief account of the IS-LM-BP model.
10) Explain the interest parity condition for an open econom
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