MEC-104 EM 2025-26 SOLVED ASSIGNMENT

Description

MEC-104: ECONOMICS OF GROWTH AND DEVELOPMENT

Tutor Marked Assignment

Course Code: MEC-104

Asst. Code: MEC-104 / AST-1/2025-26

Total Marks: 100

Note: Answer all the questions. Section-A Answer the following questions in about 700 words each. Each question carries 20 marks. 2X20=40

1. Explain how the Solow model differs from the Harrod-Domar model. Which of the two do you think is more relevant in describing the development process of developing nations?
2. Why does diminishing returns to capital not take place in the AK growth model? Analyse the Lucas model of endogenous growth, bringing out the role of human capital.

Section B Answer the following questions in about 400 words each. Each question carries 12marks. 5X12=60

3. Distinguish between economic growth and development. Examine the benefits that economic growth confers upon society.
4. Discuss the important features of labour market in developing countries.
5. Explain the various approaches to measurement of total factor productivity?
6. Discuss the relationship between income inequality and economic growth.
7. What impact do geographical factors have on economic development?