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Odisha State Open University, Sambalpur
ASSIGNMENTS Bachelor Degree (UG) Programmes
Course Code : BEC-09 (Theory) Semester-4
Bachelor of Arts (Honours) in Economics BAEC
ASSIGNMENTS-I
MACROECONOMICS-II (BEC-09)
Full Mark – 100
(Answer all the questions, which is Compulsory)
Group- ‘A’
Q. No. 1 Answer within one word or one sentence each Marks: 1X 10 =10
a) Define Economic growth?
b) What is steady-state Growth?
c) Technological changes are count as the most important factor in the process of___________.
d) According to Lucas it is investment on education that leads to the production of _______ capital which is a crucial determinant in the growth process.
e) _________ growth models believe that the growth of the economy is more influenced by the internal processes and policies.
f) In India, _____________ is responsible for compiling and disseminating the BOP statistics.
g) ____________ refers to a systematic record of a country’s economic transactions (both trade and financial flows) with the rest of the world during a specific period (typically a year).
h) A _______ market is a market where currencies of different countries are bought and sold.
i) _________ is the rate at which the central bank rediscounts the government securities.
j) _______ refers to sale and purchase of securities from commercial banks by the central bank to regulate the economy.
Group- ‘B’
Q. No 2. Short answer-type Questions (Word Limit: 50 Words) Marks:2×10 = 20
a) Write a short note on Knife-edge equilibrium.
b) Write a short note on fixed exchange rate.
c) Write a short note on Gold Standard.
d) What do you mean by appreciation?
e) What do you mean by depreciation?
f) What do you mean by flexible exchange rate?
g) What do you mean by monetary policy?
h) What do you mean by fiscal policy.
i) What is Keynesian Quantity Theory?
j) What is Fisherian version of quantity theory of money?
GROUP- ‘C
Q. No 3. Medium answer-type Questions (Word Limit: 200 Words) Marks: 3 × 10= 30
a) Give an overview of Endogenous growth model.
b) Discuss the Solow’s criticism of Harod Domar model.
c) Explain the Locus Model of economic growth in brief.
d) Discuss the Inada conditions.
e) Write a note on the Current Account of BOP.
g) Discuss benefits of international financial markets.
h) What do you mean by crowding out effect?
i) What is crowding in effect?
j) Any change in the monetary policy will bring about a change in balance of payments accounts-Discuss.
GROUP- ‘D
Q. No 4. Long answer-type Questions (Word Limit: 500 Words) Marks: 10 × 4=40
a) Critically examine the Romar’s Model of Economic Growth.
b) Critically examine the Solow model of Economic Growth.
c) What is inflation targeting? Discuss the benefits and limitations of Inflation Targeting.
d) Discuss the monetary approach to Balance of Payments.
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ASSIGNMENTS-II
MACROECONOMICS-II (BEC-09)
Full Mark – 100
(Answer all the questions, which is Compulsory)
Group- ‘A’
Q. No. 1 Answer within one word or one sentence each Marks: 1X 10
a) The term classical refers to virtually all the economists who had written on macroeconomic questions before the year _____.
b) To classical economists, the equilibrium level of income at any time was a point of ______.
c) Classical QTM explains relationship between Quantity of Money and __________.
d) The fraction of incremental income that is spent is referred to as______________.
e) MPC + MPS =_______.
f) The _______________ is consumption (C) divided by income (Y).
g) According to Friedman and other monetarists inflation is always and everywhere a _________ phenomenon.:
h) In India inflation is measured by year-on-year change in _______,
i) ________ is calculated on the difference between the sale price of an asset and its purchase price.
j) Labour is supplied by ___________in the economy.
Group- ‘B’
Q. No 2. Short answer-type Questions (Word Limit: 50 Words) Marks:2×10 = 20
a) Write a brief note classical dichotomy.
b) Define and explain the concept of Inflation.
c) What is equilibrium level of income?
d) Write a brief note on autonomous investment.
e) Write a short note on propensity to consume.
f) What do you mean by Neutrality of Money
g) What is Adaptive Expectations Hypothesis.
h) What is aggregate Supply Curve?
i) What is natural rate of unemployment?
j) State two main criticisms to rational expectations hypothesis in brief.
Group- ‘C’
Q. No 3. Medium answer-type Questions (Word Limit: 200 Words) Marks: 3 × 10= 30
a) What is classical aggregate supply curve?
b) Discuss the classical theory of interest rate.
c) State the key differences between appreciation and depreciation.
d) Explain the concept of multiplier.
e) What do you mean by Paradox of Thrift?
f) What is the classical approach of income and employment determination?
g) What do you mean by investment in Economics? How is it related to the rate of interest?
h) What is investment function? Explain its determinants.
i) Explain the expectations augmented Phillips curve.
j) Explain saving function with its determinant.
Group- ‘D’
Q. No 4. Long answer-type Questions (Word Limit: 500 Words) Marks: 10 × 4 = 40
a) Discuss the Classical Quantity Theory of Money.
b) Explain the role of Expectations in Macroeconomics
c) Discuss the characteristics and applications of Rational Expectations Hypothesis.
d) Discuss the various causes of inflation.
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