Description
BECC-109 : INTERMEDIATE MACROECONOMICS – II
Course Code: BECC-109
Assignment Code: ASST/BECC 109/ 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. 2 × 20 = 40 1) Explain how a consumer’s preference and optimum levels of consumption is determined in the two-period consumption model.
2) Describe the salient features of business cycle. What are the leading indicators and the lagging indicators of business cycle?
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 a loss function? How does the shape of the function change according to perception of inflation and unemployment by the Central Bank?
4) Give a brief outline of the major schools of macroeconomic thought.
5) Bring out the salient features of the Baumol-Tobin model of transaction demand for money.
Assignment III Answer the following Short Category Questions in about 100 words each. Each question carries 6 marks. 5 ×6 = 30
6) State the implications of the knife-edge problem on economic growth of an economy.
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) Explain the major insights from the Ricardian equivalence proposition.
10) Write a short note on the limits to monetary policy in an economy.
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