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IGNOU MEC-02 July 2020 - January 2021 - Solved Assignment

Are you looking to download a PDF soft copy of the Solved Assignment MEC-02 - Macroeconomic Analysis? 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 MEC-02 and it is often used by students who are enrolled in the MA 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 MEC-02 (July 2021 - January 2022) Assignment Questions

Section A

1. What is meant by steady state in the Solow model? Explain how Golden Rule is different from steady state.

2. Explain how the permanent income hypothesis reconciles the difference between short-run and long-run consumption behavior.

Section B

3. Policy makers should stick to rules instead of pursuing discretionary polices. Do you agree with the above statement? Substantiate your answer.

4. Explain in brief the salient features of real business cycle theory. In what respects is it different from other theories of business cycle?

5. Explain why firms may offer a higher wage to workers than the equilibrium wage rate.

6. Bring out the important issues on which Lucas criticizes Keynesian macroeconomics. To what extent the New-Keynesian economists have accepted these criticisms?

7. Write short notes on the following.
i) Rational expectations and adaptive expectations
ii) Non-accelerating Inflation Rate of Unemployment

IGNOU MEC-02 (July 2020 - January 2021) Assignment Questions

This section carry 20 marks each (to be answered in about 500 words each).

  1. Derive the conditions for steady state growth in the Solow model. What are its implications? In what respects is the golden rule different from the steady state?
  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?

This section carry 12 marks each (to be answered in about 300 words each).

  1. 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?
  2. From Lucas’ point of view, what are the limitations of the Keynesian model? What improvements does he suggest?
  3. Bring out the salient features of the endogenous growth theory.
  4. Explain the mechanism through which internal and external balance takes place under flexible exchange rate.
  5. Write short notes on the following:
    Permanent income hypothesis
    Rational expectations and adaptive expectations

IGNOU MEC-02 (July 2020 - January 2021) Assignment Questions

IGNOU MEC-02 (July 2019 - January 2020) Assignment Questions

MEC-02 Assignment Details

  • University IGNOU (Indira Gandhi National Open University)
  • Title Macroeconomic Analysis
  • Language(s) English and Hindi
  • Session July 2020 - January 2021
  • Code MEC-02
  • Subject Economics
  • Degree(s) MA
  • 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 16 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MEC02-EN-
  • July 2020 - January 2021 22 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MEC02-EN-

Hindi Language

  • July 2020 - January 2021 15 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MEC02-HI-
  • July 2019 - January 2020 15 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MEC02-HI-

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

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