BECC-106 Solved Assignment English Medium 2022-23

  Free BECC-106 Solved Assignment English Medium 2022-23 for July 20222 and January 2023 Session


B.E.C.C-106

INTERMEDIATE MACROECONOMICS – I

Assignment I

Answer the following Descriptive Category Questions in about 500 words each. Each question carries 20 marks. Word limit does not apply in the case of numerical questions. 2 × 20 = 40

1) Derive the AS curve from the WS and PS relations. Discuss the factors that influence the position of the AS curve.

2) In an open economy with floating exchange rate, analyse the effectiveness of fiscal policy and monetary policy. 

Assignment II

Answer the following Middle Category Questions in about 250 words each. Each question carries 10 marks. Word limit does not apply in the case of numerical questions. 3 × 10 = 30

3) How do you reconcile the vertical long run Phillips curve with the downward sloping short run Phillps curve? Explain through a diagram.

4) Specify the equation of the IS curve for an open economy. What are the factors that cause a shift in the IS curve?

5) Bring out the salient features of the monetary approach to exchange rate determination.   

Assignment III

Answer the following Short Category Questions in about 100 words each. Each question carries 6 marks. 

6) Explain the concept of natural rate of unemployment. For an economy, can natural rate unemployment be zero?

7) Explain why “balance of payments always balances”.

8) Explain the concept of rational expectations.

9) What are the effects of an expansionary fiscal policy on output and prices?

10) Write down the equation of adaptive expectations hypothesis. Illustrate it with an example. 

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