You are on page 1of 16
IGNOU ASSIGNMENT CEUTONAL CENTRE CODE +07: DENT) — cguese ODE + MEC SCZ PROGRAMME cope: MECC Course Title... peress 18S 4ssuUg MEC 002) Enrolment Number... : 2 | AST/ 20120, SouRREN Lore 7sues moarre nemaer emote 1D apsn we @ F2M TOR ACAN nuom Scanned with CamScanner MEC-002: MACROECONOMIC ANALYSIS ‘Assignment (TMA) Course Code: MEC-002 “Assignment Code: MEC-002/AST/2019-20 ‘Maximum Marks: 100 Note: Answer all the questions. While questions in Section A carry 20 marks each, those in Section B carry 12 marks each. Section A 1 Bring out the salient features of the Solow Model. In what respects the golden mule is different from the steady state growth rate? (Your answer should include the assumptions, important equations, appropriate diagrams and its interpretation), 2. Consider the overlapping generations model where each member lives for two time periods ‘t’ and (t#1). Assume that individuals work in time period “t’ and earn wage id survive on interest income. income, while they do not work in time period (t+1) an Explain the impact of an increase in interest rate on consumption during time period ‘t. Section B 3. Interpret the IS and the LM curves. What policy implications do they have? 3. Bring out the reasons for rigidity in price and wage rate. What implications do they have? 4, Explain in brief, the decentralized houschold problem in the Ramsey model. 5. Critically evaluate the endogenous growth theory. 6. What is meant by business cycle? How does the political business cycle model explain it? 7. Write short notes on the following, a) Ineffectiveness of fiscal policy under flexible exchange rate b) Lucas Critique Scanned with CamScanner MEC- 002: MACRO ECONOM TC ANALYSTS Comper & Cenp inno Laruen kaa Romsey modt Bro Coated Rlornun 2 Pra Soloed rodal (ax Monon V Aros te € | Ano. Plornues Problin, Tn Kae oreiginal Romany modal , 1£ woo ansomed Grotto optimal grcwth Preotidan is The PreobQenn w 0) a Sociol ptnrnen WAD Sewn FO Mouimise tre wed) oro a4 each hovtho§d subrece fo Fur ceonony's Hapkinc, “onotracad af tele “pata of Bina, AU Lovirlotdy ora Smiter tr Fre Keatlo cad prayer tu thee sore 1 What iy Reo for, Fro weprenedasin Memeor qf Said wit agely fo Sua Trderfemonol viGe: we o 4 Vz (otey uPha gg = Cvcey ett fe . J ° Pr mabe 6] Fine prepare. A Wither p IMfUG a small U Aes nab ity Of poke (ondump tion Vn Gesxund of utility Comp ornd Fo vey obleind by Corned Ortomphian, ProRORE op wodadentous vRGFy quate Uy Cu’>0) 2 Concam (0"C6) ‘ Eaesaabing 2. Softsties Gaoe trode Cnlitiar + Ue v' D0 cI0 Scanned with CamScanner Pas Lovselol: emise inkofenforet objec to Guo “budget Cone deaate ae} Pro Ri na ¢ ob Cine lomiltonian afproack) Seine Se okt COIS Se Stee be C4 | Vis Peapenk volt 0) Fue grodoo Pricey Income lA LEGA) pris _ Finnod onde Candli #00 one MOKImiza ION 6} tha ronal Lenton fone 2 23 59) viv Cane ye O32 -V> ve -br-n)v ye Trove vorpal by Condition = a - Gar Cur bb) 2d — Fan The volun o, Heeuonrtebue Dovsbotds cons mush APPTOAUA geno oD Hime a OPrioachio ing: ind8y |rduvidvalo Lo rod perpa fe bold prenvally On if Fen dow Fam Odrets Should Lowr ns value } vA Gertann 4 Hoa objec tiue poachon. From due inet orci Conditions out gabe 5 Fula Lavedion ; er Peele ~ —_ Rovsshotde Choo Conmomgtion So fo Sauabe fu made a Horns $o Sovings H, go wus Habs poor nasdonn bo CorDumetion CHa vhs) Scanned with CamScanner z an Condo mpoas COM: pBorn of gore Con one ne | | FE The big ho Kira Role of rekorn fo comumpten & | a aes TT Fas moe wing houssholde cg. FO Sous SEF Conpunpfion a J ckone. Sos mora writting Wovsehold ans Fo Savuyi a Condume tion pom nora CURKiak Combouphien # Laos Wow Souing >) rove ag: in peat Leadon eae md ah iy Gro moso caked Kabeo of Hutu ate Favet. Hovserols faapes Go Seng Some jufuna erdomelien into SD prceoead M ¢G They volt me Wnurk vib ty Comooud to fis fokune Cn, op KWis i's Ma pbecsedl by fra nade of FT Bins Papen fron Gee Highk-rak ton of far Cer Equation. J Tu vbune COD agen growth YC incurs ¢o Aratyral vt Gy of Corde npien . 0 Favilbiiom w We Rorsy ModIL Ta Cau; Gbiaom Sha Stoot 0} gin Capita oats cavalo Fis shown ef Cop. tal Werlet Ge bre = be fC ne S) tere Combindng kur frroblin 4 te pine £ bs wha Cosseskten~) Scanned with CamScanner Ye Yo Gis) fan Rrok yietto re This is co Gwortqreon FH t= . mannet Savitileriom. Boe | Ta fue sheady -sheke qrooth Koko of pes cari fa _ Conpomphien £ Gh capital Stoce por Wouter caval fod | (it es Go) & we tou: E= yh) GIS _§w = §&+f _ _ > ito is oO 2 The groohe rade of Pes copite, custo F este Cott: Zn Fr obsrru o| Rech noflog tes Progens ta ~—f[—- Hoty _Hedit Prabids “eee groot an ig Kine __gmple Solos cua modi. Te Social Plone” Problin TT SociS Pharnte clo a mou ziy Louss lot ds’ infertenpoent vitLty Subject Qo on"aggugate Suda uf | Conmtrocnt, wich shows how fe coonemys oubpubis | Axtorsed FO Aiyecas cour. ; 4 Tao Cord Erorony with no govirnnnt with ro Goveramsa® The St Ouktome Y Om Cay, ba Usd Echatr Jor Codomplren Cor Jet eviekeunt tn peysed Copikul I: YeCer > Cee) = cret ger ee pC) - Cnege-& The omiltertan arsoctatd go the Sotich planed Problin ay: Bae i gt pv CGO - Cava) we] 1-8 Scanned with CamScanner CondumnP Hen 4 capital: ri | Fret onder cornditvens wihr suspic to 3 eg OF Blows, | BI/ye7 o> yn eo i Aptec Some monipola tion: Ge= Yate - crt SI Since C2 = O in Gur Cheady Stake, Cavation bo come: G jer Cnagle Sand ad ww decentobiggd pavithin yi ae) = p45 Sena coin docatulis ad Eau! Uli on d Tha Coueth tine gquitlbtem WBA Panny mods l is Piegto Optiack Dine ® a flr Parry Moda G — avsde tO Oar Plane dieqiorn ’ vs fructus - Cp-a)idy _ Th ducal j Hovssbrobh Qroldens Tyg hovsshrotd in Far Pasesry modu Scanned with CamScanner uy ap ete, : isons astye Ged Lourtlroth Hae marimiger InticuPor at fom { vEGH. Som FC Woy ol ADE ioaga Keone ERE Exon ons CieLozl), so 0 Haak Gro kek poplar any Finn tb given by | tee ent _ _ Bdge Cowtan ts OTHE Changs wh onsets Fle sum of : foloour 2 intrang—in@nr Hes ConDump Hen) * Be wee + rbe-Ce Be: oPrets : Lot: Winged node & We: inteert wake Th Pe capita. tow : b= wet Ebr -nee- & Qhenre be > Be fee 2 Ce = Cee ——. | Ons importer Conpdrarng: rovsdhatdo comnah bervtow ons D mounds & pr art ford) by bagh Saved of CODUmP Low . 2) Te prmsnk Vatuo ol Lomeint & po kore castes BAF ho cdynP tabrcotly RON MEYAR UE (> Rwidhotdo Comnas— Lowina Ing hi tod Al fe «d 4 Gun Gp och. Scanned with CamScanner monetory & Fiscal Gods OA Joveransad 7 Show td Carte go deal WH ecestnin love _ }— CHA Econo my, | Qa [ese Pioeoagh eqpercoptate 15°67 OHMP, Fie Qype of Aro. THE Goversmank Con maura uso of f:Scod A monkery | : folic: fo Urtag abot chagwo in ES 2 OM wan £ tuaneby ir Ba Ved of wone Crake of Tafowt ak Gwilltuen God Tyas Me Fijian erSutenn Cb sical d dagnanion posite Com be Exfladned a watt Rha hake +f IS-LM Canvey. J FEE Shown with fla Lake of dingunn qn bihow hak Wn Economy (5 otraing Qh sarcoma Loud Mt, Ka Ler Comms is Pexpecky ctabme A heacn Leonomy sh Basiaity Krsap Ta Gis Sitoakion, mouhery po ley “acon eypcsee. Ty Bee govermank nexenOe cupeaditoad, 1f with aot “4 feet £ rhea op Chere OA crown 1A Gok Labencin tn The Economy. Thetjou, W such gifuakionw “aut Policy Second ines pecteve 2 dear, AB US advisable foun, fserk Petiog bo true bout Anish Chargin ; x bs EGnBray is ofttoking okavery Lag Weone Vue 43 x UA Par pec ly trobookve ve. Kate of iKounde is 4oo hoy & Hurd Grlorun in fie Gorey ant OO fos war outta mit houwoan 8 Ey peut by ——— ton SEAL ment, UE Congo oleh Ce pave Cuvatand Lb Ganelo ed doe nak Cay : Known a Cheosi cal wpe : : fT is Scanned with CamScanner (aComs Wh Katee polige were He lapse, | | But veal) on Etonomy ofowse ot a moduade Duel t o TG San tweszs Of Qeme dma erAmy Seevrees - {+ weg cab SSA Cnum U2 Con ged suck Gade Haecl indoers tg % Mors whue Kae i equiGbdun my ony onal | Q ros mart Sew Ureousty, TE shown wikh Eu lube 4 Arq Showa lalcw. Hew [yokr fe monte om kh Rapilitoion at point E When TS LM Conv into tack oft At Hi k ti both Fhe onuds COL fy) Gleiun Shed Farrow ly Crovommint moun uit 9) fro Polity trebwrinks £0 inten in Fae maneb : [Seah Policy A monkey Pole, eoGK poly 3 Ma foliey of Ris goveramint wilesel go mnuy fen 2 Spprndtuno. monkey Polar 5s Bue pli of fe wens natok fo moa A CAL Supp hy, FUL Policy of Sax govternuat oy yoke $8 wave SWI Cinty hw rasabeety Policy Ue UM Cone. | | FSSca Romy b 5 ETS Conve Ay incegpnne $4 Goud nnk Ll Expenditure Leo (rods fo on MaCroAn tn jnopmenk & Scanned with CamScanner Frauby or cokwed SUE in Ts Come. Anat too GET Pobiag a HAC. Whin Hee Govern Lor Haduee feu, CHE Wid rcusea Cue Compomerion “Dual 2 fauuly bead fo op oedk shyt ta LS corvo Swe tn Ts conse faado bo es Gbtisreng eh fquilibrion “ Qit oh tacone. £ Hoke of laters, cas hagle, Gul. Spposik® wit Wogpen whe Qovernnint Sxgudipou wedvad on favo Cm tA Ravel, ee MONETARY Pectcy pO Um CwRvE: colan Rhee 5 on Tr Ccopoe fA mony supply , Or WEsmr (A Kool boloros : Peeper Plow wick Meads fo daccenme ta Hakec| UrSeurt Whin nabe oy intuoet daccanoen , pox Cath Gor of TrComa , Kaus Witt be a downwend Sliyg ia Lr core f Atrortanly Quer wlll Ge Change a ROOD Eayilbrivmr Lute Y be opposite Wi open hu GQ Arexosor he peel Lotorcts fous Pleo LES Stoun wit Ma bible ef qe Howry Faagren: Scanned with CamScanner Eton -B No \ Bs Srod5un how yoo can wecncle hee tag ME | (tom wn vadkiol Pl “Pups Core wih Gla slot eon downoad Slog Puuys Conve. Ano. | PRzusPs curves Aw PRidues aout tus Conupd whidr is | taken oo pluuits Cote US rome vole dasculen Ke — Madasionwhip eydutten Cae kate of Uaeaploynark f ts nabs. _ inflation, Re toed to wrth euler Hallatonlae |e ss} _sunpleiiiat 3 charg te Age Mahe. _) __ wis emorical Vwoue prowd Ghat he lower is Pee dated Habe of Uarweloymant; Kha would Se Gla rue 7A a mony Ud Hake COmusperdig fo aqiuta Kise M Gla nake 0, UAdne Lyauak. HU coll cab dora yor a pecod by erouah 100 dyad CABEI- (457). This dake yo yittd into | ad bupnbolo. Th Ths data frovtsd foe, fo Ws i astlarts. eo mode on omone tron tot fla rRotio Ethan prion © pondroh wage Wako iS Cwherk in CM Slack we. On Cis sump tin ha plauies Conv Gua, fronaas, Magian lxdouen Fe poke o| Untnploynunk & Harate 9 OL Infhodionce Mx Husker of Arad, oy Tethusatn One np lo Gnanh VS iy aren, =r _ Ho Goor Sta ore Eawakion ° cUlow aoe te of Ban gotlony pros Oba ci is Me kofe cy aga ince snap , ad b ok walt ond vs Kua KOE of untae lothank Ha fourk Soh broek eats On nyutog realawecslip Lapan Co AU je Wage whe & | Kobe Onrcngloyame Latur , date Wao Cott rh. on ny Os Counkries Lhe “ralasten bap Wh ko yon ki Scanned with CamScanner Fo tones Chas 5 wit tous & Caan ona peatlan? in Pun Gono fo gek eid o often £ ids oP Qo Chom wid Camb tration o thee Protlon fey a Uke fo Choo. wre Choose tow rage of At Uctron | Onn Lo ant “ade coat be bagi? ers [ Costs oF ouemPltment pup snecAteon For cr economy station co tl op cnengloumand WS? atgebtur, ot pes bef nt Curve sugginss Kat ia orden Ho Cralbcade Problem wc Stalk Lowe € bron Cle aku ont oF five us $ feede- Lrfuwn Hua two. Cos Sl Unemplognuas 2) AF mac Quel, (6 wr Kage a) Woman radource. —Tlas Manone could add Sore Hang § Ag gogcte ootr tif Loold Lou betn euplousd . b) At Wduiduch Cevel, ees boss 4 Concent tacoma d Jat nk sen dour 6} betes lobo 1s a Paristabls gees of dckion. u. toned gloes nak gS aot an ony Pork doy) Cornet — S Forn Las tase y 2 nnd oou_ Double Slut on qpoting j ye ater. 9 Hernan Cost 24 tae Nec anch is obde you, logy LE Crrndeo Arpension, oeesm bre pase of Wid ¢ PSyClotogicl Kwvblin, Gavel shod dad ote Heads Beard oy Suicide W (4930s when Gund Aepemter _ Coral, ney ath pron br [1000 9? Ceng Svicidy ta USn. Scanned with CamScanner 7 AD! Permanent ma Core Wy pobre rs ; _ Waste Steer owes On THe Puta _ Atletagut —tngloabin jon e Saves dota “Gx Crrume bien Goss. suckin 4 fina Gates date “G Srrough — Permount ‘atoms yporusis, The Rormoniat ‘Shen's Klscur o! income luyporweis 2s cloc bard on Fisher ComBumpkian ad On Wee-femporal Choia Ondi ue the Up. _ Cys lupoktesis, rai don Friedmor fad not arsuan —) Kuot tree ts mY ptr uloity on Oniformiky ta Mo Paver of inne Ovte We Uya- eye of on individved, — Lucopiad Rai Ree ote Honidom L prtquert Peon Cangas ta Hr nome, of, fue houshot bina fo tin, Fedor Cabgsruged Fad income ef aq inobividuck into 2 fomts 5 Renmark Tacoma’ 447) 9 Tew itouy Taco C17) Paue, ote Crrbain bonun WC csr Inxopoler! C-iacdudht There oot tld Retowvirory Macoma by Fitdman, Howe), Permanent acome is rok fort of Pe into lich ore Eupecth © Prevail over “Yong food of ne Eniednoe inkoupets ib oP fia bog ron aveange to adivido hae ta tik 42 ft ( et) _ LF rowikory inane Atgpad ony dvtaian fee Sets cure Scanned with CamScanner A posttne Grtonnitony Mcona woot mover Fine Conrek Moons of ths hovsabrold fee tan fae pellet noma fo Aigatres ERAAPMOY ercoma oodd Maan Fake curreanfe 1 Cone of fre Voosalbot ower guia forrarrat MW Cong a 1 _ Suce Cy = Aojy WE age I The Abeur equation moyen if Clear rok the Coretenfe Conbuapticn oj a Lrovsakotd duprndo Ody on pomment L_ tay income ot ducunome te Greomoihory Port of 7 - Nome, wluch Goes rot ot act fermransde i ACome cot nok breing about Gry Orman in curssrS — Condomp bien, 0 Ong op bee bia geo odhitwenud of Fuedmor's garnantad Kypetrars iS fea) iF Sobre thy apporenk Posade bn Ga (ordumptten aka mathe Furdmon Wao proved it Systematically , flak, APC Cuyty © Aopordssk on Ke Hokie of Pomounk income $ werd, CreP/ te) Kua, Lohan” Cotnans © Alone Karen Above FUL Prrmarnd InCma Cue ownage Prope arly Ge conouma fasts 4 Olen Covuak income 65 lero fe portal ene, Khe arergy properdity $6 Conmona [otto £ whan (wrt bor Leeder Rue fermarenk Miome, Par ovencae Propensity fro Condunn Risso Hr poate Ccosi vied Krak where ou (onD; CH05S-SerPionah lata °| Qj peee Louaelath ak cay polas © Hire, PSPalLy Fhe high incor group wih hour Sond Uiguistatda wlth lag Grom iPox tycoma 2 Ahoy wit hove a Rouse Popes ity of Corban Cin averogy Stritandy, jn fr group oy foo "one Scanned with CamScanner Grcoups Marne coll) covtd lor _soma hrovsahas who Lowe Goro Keawikery Moome A hance , Key wiu proven J . howe @ igher Propendidy to conruma Krag __] > pe Conmeguent hy we gee Ute yubing oveagn fropeavity fo conpuna o> Yuasa Awue fue Qower _ fo tha Lughuc tA Coma coup. Cr fur oftax Lad, hn ee conridectag Pong nun Her cove data a Bua yeoadon jLudvation dl fo courken Weahone eae Otter suck Guay tak any Change Keone lourgs 5 Ahook a fermantrk Chonrge ty Ce Avorwae Tone Qe: Fernce, rn the orng-nun Cima soon data, APC Ferdo Gy y bee Coma Coasters, L) RAT TONAL EXPETTATTON Huo THESES CE mest) nconportabe fie pack gate tndt vid ch ecoroic agus mowta ALcisions by Onsite Pranerg af atl ay ofera — yalveo om jalicy Vas ry we wis &o Rradack — fae Tepe of sitng ca pork Colo Cant Yalu = peli vodakta Y ure wash aloo | Dhan vie endow mics founda ond Mory mau: econonicrroddl, | | | ConPidux Qtn tye Sok aw Chota, on EnepecteA ) {obo Usbu ef teas Jariakte , Ty wre 02th & uw O ddl bo git a probabidty dishittion yer daten [$s veal on g Lijec vely quent gable. Joaables, tu tf SG income fo Adsoma Kuak expebabican GY Or Cog 2 a 05 vosabla, 7, aust Leplodned erdoganoendy in fae modal d Scanned with CamScanner

You might also like