BECC-109 EM 2023-24 SOLVED ASSIGNMENT

Description

BECC-109 : INTERMEDIATE MACROECONOMICS – II
Course Code: BECC-109
Assignment Code: ASST/BECC 109/ 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) State the basic assumptions of the Solow model. Derive the condition for steady state level of
capital stock in an economy.
2) Explain how an economy converges to a steady state growth path in the Romer model
of endogenous growth.
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) Discuss the important features and various phases of business cycles.
4) Explain how the multiplier and the accelerator interact to generate business cycles.
5) Describe how the permanent income hypothesis attempts to resolve the Kuznets’
puzzle on consumption function.
Assignment III
Answer the following Short Category Questions in about 100 words each. Each question carries
6 marks. 5 ×6 = 30
6) Explain the concept of loss function. How does the shape of the function change according to
perception of inflation and unemployment by the Central Bank?
7) State the major inferences on policy that we can draw on the basis of new-classical
economics.
8) Describe the various channels of monetary transmission mechanism.
9) Discuss the implications of portfolio balance approach to risk and return.
10) Write a short note on the characteristics of residential investment