MEC 002 MACROECONOMIC ANALYSIS Solved Assignment 2024-25
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Section A
Answer the following questions in about 700 words each. Each question carries
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
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
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MEC 002 Solved Assignment 2024-25
MEC 002 Handwritten 2024-25
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MEC 002 MACROECONOMIC ANALYSIS Solved Assignment 2024-25 Before ate mpting the assignment, please read the following instructions carefully.
- Read the detailed instructions about the assignment given in the Handbook and Programme Guide.
- Write the course title, assignment number and the name of the study centre you are attached to in the centre of the first page of your response sheet(s).
- Use only foolscap size paper for your response and tag all the pages carefully
- Write the relevant question number with each answer.
- You should write in your own handwriting.
