Description
PRINCIPLES OF MACROECONOMICS I
Tutor Marked Assignments
Course Code: BECC-133
Assignment Code: Asst /TMA /2024-25
Total Marks: 100
ASSIGNMENT ONE
Answer the following Descriptive Category questions in about 500 words each. Each
question carries 20 marks. Word limit does not apply in case of numerical questions.
2 × 20 = 40
1.
Bring out the important features of classical approach to macroeconomics. Why did it
fail to explain the great depression? Explain.
2. (a) What are the precautions taken while calculating National income by expenditure
method and income method?
(b) Calculate National income
Particulars
(i)
Compensation of employees
₹ in crores
2000
(ii)
Profit
800
(iii)
Rent
300
(iv)
Interest
250
(v)
Mixed income of self employed
7000
(vi)
Net current transfers to abroad
200
(vii)
Net Exports -100
(viii)
Net indirect taxes
1500
(ix)
Net factor income from abroad
60
(x)
Depreciation
120
ASSIGNMENT TWO
Answer the following Middle Category questions in about 250 words each. Each question
carries 10 marks. Word limit does not apply in case of numerical questions.
3 X 10=30
3. Derive the labour demand and labour supply curves. Explain the relationship of labour
with output in the short run as per classical view.
4. Explain the following:
a. Repo rate and reverse repo rate
b. Money multiplier
c. Quantity theory of money
d. Liquidity preference curve.
5. Differentiate between:
a. Stock and flows
b. Balance of trade and Balance of Payments
ASSIGNMENT THREE
Answer the following Short Category questions in about 100 words each. Each question
carries 6 marks.
6. Discuss various objectives and instruments of monetary policy.
7. Write a brief note on quantitative easing.
5 X 6=30
8. Explain circular flow of income in three sector economy with the help of appropriate
diagram.
9. Explain how equilibrium is attained in the money market. How does an increase in
nominal income affect the money market equilibrium?
10. Explain why in the classical approach, the aggregate supply curve is vertical
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