Description
MEC-002: MACROECONOMIC ANALYSIS
Tutor Marked Assignments
(For the Students who have taken admission up to July 2022 Academic Cycle)
Course Code: MEC-002
Assignment Code: MEC-002/AST/2024-25
Maximum 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. In the context of the Solow model, explain the condition under which an economy attains
steady state. Use appropriate diagram and equation to illustrate your answer.
2. What are the implications of IS and LM curves? What are the factors on which the position
and the slope of IS and LM curves depend?
Section B
Answer the following questions in about 400 words each. Each question carries 12marks
5X12=60
3. Explain the mechanism through which internal and external balance takes place under
flexible exchange rate.
4. What does the Phillips curve signify? How do you reconcile the difference in the shape of
the curve in the short run and the long run?
5. Critically evaluate the endogenous growth theory.
6. Classify various theories of unemployment based on the possible responses of the firm.
7. Write short notes on the following:
a) Menu cost
b) Permanent income hypothesis
Reviews
There are no reviews yet.