Description
PRINCIPLES OF MACROECONOMICS II
Tutor Marked Assignments
Course Code: BECC-134 Assignment Code: Asst /TMA /2025-26
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
- (a.) Explain how IS-LM curves are derived.
(b) Explain how adjustments take place in IS-LM model to restore equilibrium.
- (a.) Explain the causes and effects of inflation.
(b) Give a brief account of cost of disinflation in the economy
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.
- Explain the impact of the expansionary fiscal and monetary policy on equilibrium prices and output.
- What are the different kinds of exchange rate regimes? State the difference among them.
- Explain Unemployment-inflation trade off with the help of diagram.
ASSIGNMENT THREE Answer the following Short Category questions in about 100 words each. Each question carries 6 marks.
- Differentiate between:
- i) Demand pull and cost push inflation
- ii) Capital account and Revenue account
- What are adaptive and rational expectations?
- Explain the asset market approach to exchange rate determination.
- Do you agree with the statement ‘Balance of Payments always balances” Comment.
- Why does aggregate demand curve slope downward?
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