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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-107 and it is often used by students who are enrolled in the MAEC (New) Degree.
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SECTION A
Answer the following questions in about 700 words each.
1. a. Discuss India’s transformation from GATT to WTO. What is India’s contribution to WTO concerning agriculture?
b. Describe the role that WTO plays in achieving sustainable development and protecting the environment.
2. a. Country A is a large country while Country B is a small country. Both countries decided to impose tariffs on their imports. What will be the impact of this decision on their producers, suppliers and economy as a whole? Explain with the help of diagrams.
b. Is trade still possible between two nations if they have identical production possibilities curves? Explain with the help of a diagram.
SECTION B
Answer the following questions in about 400 words each.
3. Why do countries engage in Intra-Industry trade? Explain Intra-Industry trade in horizontally and vertically differentiated Commodities.
4. Explain the causes behind the global financial crisis of 2008. What were its macroeconomic effects? What were the policy responses initiated by the U S government to combat the global financial crisis of 2008?
5. a. What does the Rybczynski theorem postulate? Point out the important factors which could be analysed in the context of Rybczynski's theorem.
b. Point out five major assumptions of the Heckscher-Ohlin theory.
6. Why is a persistent deficit in the balance of payments undesirable? What policy measures are available to achieve an improvement in a country’s BoP?
7. Write short notes on the following:
a) Outward-oriented development strategies
b) Environmental Kuznets Curve hypothesis
c) The Impossible Trinity
d) Fixed versus floating exchange rate
भाग -1
निम्नलिखित प्रश्नों का उत्तर दें। प्रत्येक प्रश्न 20 अंक का है।
1. क) गैट (GATT) से विश्व व्यापार संगठन में भारत के परिवर्तन पर चर्चा करें। कृषि के संबंध में विश्व व्यापार संगठन में भारत का क्या योगदान है ?
(ख) सतत विकास को प्राप्त करने और पर्यावरण की रक्षा करने में विश्व व्यापार संगठन की भूमिका का वर्णन करें।
2. क) देश A एक बड़ा देश है जबकि देश B एक छोटा देश है। दोनों देशों ने अपने आयात पर शुल्क लगाने का फैसला किया। इस निर्णय का उनके उत्पादकों, आपूर्तिकर्ताओं और अर्थव्यवस्था पर समग्र रूप से क्या प्रभाव पड़ेगा? आरेखों की सहायता से समझाइए ।
ख) क्या दो राष्ट्रों के बीच व्यापार तब भी संभव है, जब उनके पास समान उतपाद संभावना वक्र आरेख की सहायता से समझाइए ।
3. देश अंतर - उद्योग व्यापार में क्यों संलग्न होते हैं? क्षैतिज और लंबवत विभेदित वस्तुओं में अंतर उद्योग व्यापार की व्याख्या करें।
4. 2008 के वैश्विक वित्तीय संकट के कारणों की व्याख्या कीजिए। इसके व्यापक आर्थिक प्रभाव क्या थे? 2008 के वैश्विक वित्तीय संकट से निपटने के लिए अमेरिकी सरकार द्वारा शुरू की गई नीतिगत प्रतिक्रियाएँ क्या थीं?
5. क) राइबजिन्सकी ( Rybczynski) प्रमेय क्या अभिगृहित करता है? उन महत्त्वपूर्ण कारकों को इंगित करें जिनका राइबजिन्सकी प्रमेय के संदर्भ में विश्लेषण किया जा सकता है।
ख) हेक्सचर - ओहलिन (Heckscher - Ohlin) सिद्धांत की पाँच प्रमुख मान्यताओं को इंगित करें।
6. भुगतान संतुलन में लगातार घाटा अवांछनीय क्यों है? किसी देश के BoP में सुधार लाने के लिए कौन से नीतिगत उपाय उपलब्ध हैं?
7. निम्नलिखित पर संक्षिप्त टिप्पणियाँ लिखें:'
क) बाहरी उन्मुख विकास रणनीतियाँ
ख) पर्यावरणीय कुज्नेत्स (Kuznets) वक्र परिकल्पना
ग) असंभव ट्रिनिटी
घ) स्थिर बनाम परिवर्तनशील विनिमय दर
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