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MEC-02 Assignment

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IGNOU MEC-02 July 2023 - January 2024 - 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 2023 - January 2024 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 2023 - January 2024) Assignment Questions

Section A

Answer the following questions in about 700 words each.

1. What is meant by endogenous growth? What are its implications? Describe in brief a simple endogenous growth model.
2. Bring out the salient features of permanent income hypothesis. Why is this model important? What are the implications of the model?

Section B

Answer the following questions in about 400 words each.

3. Distinguish between adaptive expectations and rational expectations. What is the impact of adaptive expectations on the Phillips Curve?
4. Critically examine the efficiency wage model.
5. Explain why fixed exchange rate is not effective in an open economy.
6. Explain how an economy attains equilibrium in the IS-Lm model.
7. Write short notes on the following.
i) Lucas Critique
ii) Real business cycle theory

IGNOU MEC-02 (July 2022 - January 2023) Assignment Questions


Answer the following questions in about 700 words each. The word limits do not apply in case of numerical questions.

1. Explain the concept of steady state growth in the Solow model with appropriate diagram. Show that the golden rule of Phelps is not a steady state.

2. Differentiate between adaptive expectations and rational expectations. Explain why the shape of the Phillips curve changes when we introduce expectations in our analysis.


Answer the following questions in about 400 words each. Each question carries 12 marks.

3. Policy rules are better than discretionary policies. Justify the above statement in light of new classical macroeconomics.

4. Explain in brief the salient features of political business cycle theory.

5. Bring out the factors that lead to rigidity in wages and prices.

6. Explain with appropriate diagrams why an economy with fixed exchange rate cannot pursue an independent monetary policy.

7. Write short notes on the following.

i) Inter-temporal utility maximization
ii) Real business cycle theory

IGNOU MEC-02 (July 2023 - January 2024) Assignment Questions

भाग - I

निम्नलिखित प्रश्नों का उत्तर दें। प्रत्येक प्रश्न का उत्तर लगभग 700 शब्दों में देना है।

1. अंतर्जात संवृद्धि से क्या अभिप्राय हैं? इसके क्या निहितार्थ हैं? एक साधारण अंतर्जात संवृद्धि मॉडल का संक्षेप में वर्णन कीजिए ।
2. स्थायी आय परिकल्पना की प्रमुख विशेषओं पर प्रकाश डालिए। यह मॉडल क्यों महत्वपूर्ण हैं? इस मॉडल के क्या निहितार्थ हैं?

भाग — II

निम्नलिखित प्रश्नों का उत्तर दें। प्रत्येक प्रश्न 12 अंक का है।

3. अनुकूलनशील प्रत्याशाओं और विवेकपूर्ण (तर्कसंगत ) प्रत्याशाओं के बीच अंतर कीजिए। फिलिप्स वक्र पर अनुकूलनशील प्रत्याशाओं का क्या प्रभाव हैं?
4. दक्षता मजदूरी मॉडल का आलोचनात्मक परीक्षण कीजिए ।
5. स्पष्ट करें कि खुली अर्थव्यवस्था में स्थिर विनिमय दर प्रभावी क्यों नहीं होती?
6. समझाइए कि IS-LM मॉडल में एक अर्थव्यवस्था संतुलन कैसे प्राप्त करती है ?
7. निम्नलिखित पर संक्षिप्त टिप्पणियाँ लिखिए ।
i) लुकस की समीक्षा
ii) वास्तविक व्यवसाय चक्र सिद्धांत

IGNOU MEC-02 (July 2022 - January 2023) Assignment Questions

भाग क

1. सोलो मॉडल में स्थितावस्था (steady state) संवृद्धि की सकल्पना को उपयुक्त रेखाचित्र से स्पष्ट कीजिए। दर्शाइए कि फेल्पस् का स्वर्णिम नियम, स्थितावस्था नहीं है।

2. अनुकूली प्रत्याशाओं और यौक्तिक प्रत्याशाओं के अंतर को स्पष्ट कीजिए। अपने विश्लेषण में जब हम प्रत्याशाओं की प्रस्तुति करते हैं तो फिलिप्स वक्र बदल क्यों जाता है? स्पष्ट कीजिए।

भाग ख

1. नीति, नियम, स्वनिर्णयगत (discretionary) नीतियों से बेहतर होते है। इस कथन की पुष्टि, नवक्लासिकी समष्टि अर्थशास्त्र को ध्यान में रखते हुए कीजिए।

2. राजनीतिक व्यवसाय चक्र सिद्धांत की मुख्य विशेषताओं को संक्षेप में वर्णन कीजिए।

3. मजदूरी और कीमतों में अनम्यता के लिए कौन से कारक उत्तरदायी होते हैं? प्रकाश डालिए।

4. नियत विनिमय दर वाली अर्थव्यवस्था, स्वंत्रत मौद्रिक नीति का अनुसरण क्यों नहीं कर सकती है? उपयुक्त रेखाचित्रों से स्पष्ट कीजिए।

5. संक्षेप में नोट लिखिए :

क. अतंर कालिक उपयोगिता अधिकतमीकरण
ख. वास्तविक व्यवसाय चक्र सिद्धांत

MEC-02 Assignment Details

  • University IGNOU (Indira Gandhi National Open University)
  • Title Macroeconomic Analysis
  • Language(s) English and Hindi
  • Session July 2023 - January 2024
  • Code MEC-02
  • Subject Economics
  • Degree(s) MA
  • Course Core Courses (CC)
  • Author 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.

  • 30th April (if Enrolled in the June Exams)
  • 31st October (if Enrolled in the December Exams).

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English Language

  • July 2023 - January 2024 16 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MEC02-EN-373
  • July 2022 - January 2023 16 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MEC02-EN-343

Hindi Language

  • July 2023 - January 2024 16 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MEC02-HI-373
  • July 2022 - January 2023 14 Pages (0.00 ), PDF Format SKU: IGNGB-AS-MA-MEC02-HI-178

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