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IGNOU BECC-133
- Principles of Macroeconomics-I,
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(July 2020 - January 2021)

IGNOU
BECC-133

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IGNOU BECC-133 July 2020 - January 2021 - Solved Assignment

Are you looking to download a PDF soft copy of the Solved Assignment BECC-133 - Principles of Macroeconomics-I? Then GullyBaba is the right place for you. We have the Assignment available in English and Hindi language.

This particular Assignment references the syllabus chosen for the subject of Economics, for the July 2020 - January 2021 session. The code for the assignment is BECC-133 and it is often used by students who are enrolled in the BAG Degree.

Once students have paid for the Assignment, they can Instantly Download to their PC, Laptop or Mobile Devices in soft copy as a PDF format. After studying the contents of this Assignment, students will have a better grasp of the subject and will be able to prepare for their upcoming tests.

IGNOU BECC-133 (July 2021 - January 2022) Assignment Questions

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.

1. Explain how the circular flows of income and output in a three sector economy take place. Draw appropriate diagram to substantiate your answer. Point out the leakages from the circular flows.

2. (a) Describe the functions of money.
(b) What according to Keynes are the factors that lead to demand for money?

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. Why did the classical economists fail to explain the Great Depression? What is the Keynesian explanation for the same?

4. Give a brief account of the various instruments of monetary policy.

5. What according to Keynes are the components of aggregate demand? Describe how equilibrium output is determined in the simple Keynesian model.

Assignment III

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

6. Explain the concept of liquidity trap.

7. With an example, explain the concept of double counting.

8. For a three sector economy the following are given:
𝐶 = 30 + 0.75𝑌, I = 30, G = 40
where C = consumption, I = investment, and G = government expenditure. Find out the equilibrium output level. Find out the value of investment multiplier.

9. What is meant by net exports? What are the determinants of net exports?

10. What type of fiscal policy should the government adopt during recession? Justify your answer.

IGNOU BECC-133 (July 2020 - January 2021) Assignment Questions

Answer the following Descriptive Category Questions in about 500 words each.

  1. (a) What is Say’s Law of market? What are its implications for an economy?
    (b) Explain why and how, according to the classical economists, the economy always operates at full employment level.
  2. (a) Define marginal propensity to consume.
    (b) Why marginal propensity to consume (mpc) remains between 0 and 1? What is the implication of 𝑚𝑝𝑐 > 1?
    (c) What are the implications of a higher value of the mpc?
    (d) Is it possible to describe mpc through a diagram?

Answer the following Middle Category Questions in about 250 words each.

  1. What are the functions of money? Explain how paper money or fiat money performs all these functions.
  2. Give an outline of the value added method of measurement of Gross Domestic Product. Explain how the problem of ‘double counting’ is taken care of in this method.
  3. Draw an appropriate diagram and explain how circular flow of income and expenditure takes place.

Answer the following Short Category Questions in about 100 words each.

  1. Explain the concept of money multiplier.
  2. Explain why illegal activities are excluded from gross domestic product.
  3. For a three sector economy the following are given:
    𝐶 = 25 + 0.6𝑌, I = 30, G = 25
    where C = consumption, I = investment, and G = government expenditure. Find out the equilibrium output level.
  4. Explain why income tax is considered as an automatic stabiliser.
  5. In the IS-LM model, explain why the economy always moves towards the equilibrium point.

IGNOU BECC-133 (July 2021 - January 2022) Assignment Questions

BECC-133 Assignment Details

  • University IGNOU (Indira Gandhi National Open University)
  • Title Principles of Macroeconomics-I
  • Language(s) English and Hindi
  • Session July 2020 - January 2021
  • Code BECC-133
  • Subject Economics
  • Degree(s) BAG
  • Course Core Courses (CC)
  • Author Gullybaba.com Panel
  • Publisher Gullybaba Publishing House Pvt. Ltd.

Assignment Submission End Date

The IGNOU open learning format requires students to submit study Assignments. Here is the final end date of the submission of this particular assignment according to the university calendar.

  • 15th July 2021 (if Enrolled in the July 2020 Session)
  • 30th Sept. 2021 (if Enrolled in the January 2021 Session).

Download Files & Sessions Details

Here are the PDF files that you can Download for this Assignment. You can pick the language of your choice and see other relevant information such as the Session, File Size and Format.

English Language

  • July 2021 - January 2022 14 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BAG-BECC133-EN-
  • July 2020 - January 2021 20 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BAG-BECC133-EN-

Hindi Language

  • July 2021 - January 2022 11 Pages (0.00 ), PDF Format SKU: IGNGB-AS-BAG-BECC133-HI-

What's Included

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  • All Solved Answers By IGNOU Experts.
  • Available for 5 Times for Download.
  • Downloadable Soft Copy in PDF.
  • Print Ready Format: A4 (21 x 29 x .20 cm (Width x Length x Height)