ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

(Department of Economics)

WARNING
1. 2. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE. SUBMITTING ASSIGNMENTS BORROWED OR STOLEN FROM OTHER(S) AS ONES OWN WILL BE PENALI ED AS DEFINED IN !AIOU PLAGIARISM POLICY". S'.'&*'%( A$*$.), 2113 T#*+5 M+%7&( 111 P+&& M+%7&( 81

C#$%&'( M#)'*+%, E-#)#./-& (2012) L'4'5( M. P6/5 E-#)#./-&

ASSIGNMENT N#. 1
(U)/*&( 19:) Q. 1 What is money? Discuss in detail the concept of classical economists about money. (21) Q. 2 Discuss the Mckinnon-shaw hypothesis of financial repression in less developed countries. (21) Q. !"plain in details the capital asset pricin# model of markets. (21)

Q. $ Differentiate between %eynesian and &oumal-'obin views of demand for money. (21) Q. ( Discuss in detail the transmission mechanism of monetary policy. (21)

ASSIGNMENT N#. 2
T#*+5 M+%7&( 111 (U)/*&( 89;) P+&& M+%7&( 81 Q. 1 !"plain in detail the concept of )hillips curve in case of rational e"pectations. (21) Q. 2 *ritically evaluate the )akistan+s e"perience in conductin# effective monetary policy. (21) Q. !"plain dia#rammatically the effectiveness of monetary policy under different e"chan#e rate re#imes. (21)

Q. $ Discuss in detail the relationship between balance of payments and forei#n e"chan#e markets. (21) Q. ( Write short notes on the followin#, -a. /ole of central bank (11<11)

-b.

*auses of inflation in )akistan