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    June 2023

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    Ipsita Dutta
    The document is a past paper for a Macroeconomic Analysis exam. It contains instructions for two sections - Section A contains 4 long answer questions and Section B contains 12 short answer questions to choose from. The questions cover topics such as the Solow growth model, monetary and fiscal policy, IS curves, inflation and unemployment relationship, liquidity traps, menu costs, endogenous growth models, efficiency wage theory, and real business cycles.

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    © All Rights Reserved
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    June 2023

    Uploaded by

    Ipsita Dutta
    17 views6 pages
    The document is a past paper for a Macroeconomic Analysis exam. It contains instructions for two sections - Section A contains 4 long answer questions and Section B contains 12 short answer questions to choose from. The questions cover topics such as the Solow growth model, monetary and fiscal policy, IS curves, inflation and unemployment relationship, liquidity traps, menu costs, endogenous growth models, efficiency wage theory, and real business cycles.

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    IGNOU previous year question paper

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    The document is a past paper for a Macroeconomic Analysis exam. It contains instructions for two sections - Section A contains 4 long answer questions and Section B contains 12 short answer questions to choose from. The questions cover topics such as the Solow growth model, monetary and fiscal policy, IS curves, inflation and unemployment relationship, liquidity traps, menu costs, endogenous growth models, efficiency wage theory, and real business cycles.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    17 views6 pages

    June 2023

    Uploaded by

    Ipsita Dutta
    The document is a past paper for a Macroeconomic Analysis exam. It contains instructions for two sections - Section A contains 4 long answer questions and Section B contains 12 short answer questions to choose from. The questions cover topics such as the Solow growth model, monetary and fiscal policy, IS curves, inflation and unemployment relationship, liquidity traps, menu costs, endogenous growth models, efficiency wage theory, and real business cycles.

    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    of 6

    No.

    of Printed Pages : 6 MEC-002

    M. A. (ECONOMICS) (MEC)

    Term-End Examination

    June, 2023

    MEC-002 : MACROECONOMIC ANALYSIS

    Time : 3 Hours Maximum Marks : 100

    Note : Answer questions from both the Sections as

    per instructions.

    Section—A

    Note : Answer any two questions from this Section


    in about 500 words each. 2×20=40

    1. Derive the condition for steady state in the


    Solow model. Use appropriate diagram to
    interpret the steady state condition.

    P. T. O.
    [2] MEC-002

    2. For an economy with flexible exchange rate,


    explain the effectiveness of monetary policy and
    fiscal policy.

    3. Derive the IS curve for an economy. What does


    a point outside the IS curve indicate ? What are
    the factors that influence the shape of the IS
    curve ?

    4. Establish the relationship between inflation


    and unemployment. Why is it that this
    relationship may not hold in the long-run ?

    Section—B

    Note : Answer any five questions from this Section


    in about 250 words each. 5×12=60

    5. What is meant by liquidity trap ? Why is


    monetary policy ineffective in the presence of
    liquidity trap ?

    6. Explain the concept of menu cost. Why is it


    considered to be important in macroeconomics ?

    7. Discuss the importance of micro-foundations in


    macroeconomics.
    [3] MEC-002

    8. What is meant by endogenous growth ? Discuss


    one of the models of endogenous growth.

    9. Critically examine the golden rule of economic


    growth.

    10. Describe the salient features of ‘efficiency wage


    theory’.

    11. Write a short note on real business cycle.

    12. Write short notes on the following :

    (a) Classical dichotomy

    (b) Insider-Outsider model of unemployment

    P. T. O.
    [4] MEC-002

    MEC-002

    ,e- ,- (vFkZ'kkL=k) (,e- bZ- lh-)


    l=kkar ijh{kk
    twu] 2023
    ,e- bZ- lh--002 % lef"Vxr vkfFkZd fo'ys"k.k
    le; % 3 ?k.Vs vf/dre vad % 100

    uksV % funsZ'kkuqlkj nksuksa Hkkxksa ls iz'uksa ds mÙkj nhft,A

    Hkkx&v
    uksV % bl Hkkx ls fdUgha n ks iz'uksa ds mÙkj yxHkx
    500 'kCnksa (izR;sd) esa nhft,A 2×20=40

    1- lksyks ekWMy esa fLFkj voLFkk dh 'krZ dh O;qRifÙk


    dhft,A fLFkj voLFkk 'krZ dh foospuk ds fy,
    mi;qDr fp=k dk iz;ksx dhft,A

    2- yphyh (uE;) fofue; nj okyh vFkZO;oLFkk ds fy,


    ekSfnzd uhfr vkSj jktdks"kh; uhfr dh izHkko'khyrk dh
    O;k[;k dhft,A
    [5] MEC-002

    3- ,d vFkZO;oLFkk ds fy, IS oØ dh O;qRifÙk dhft,A


    IS oØ ds ckgj dksbZ fcUnq D;k n'kkZrk gS \ IS oØ
    ds vkdkj dks izHkkfor djus okys dkjd D;k gSa \

    4- eqnzkLiQhfr vkSj csjkstxkj esa lEcU/ LFkkfir dhft,A


    ,slk D;ksa gS fd ;g lEcU/ nh?kZdky esa ugha jg
    ldrk \

    Hkkx&c

    uksV % bl Hkkx ls fdUgha ik¡p iz'uksa ds mÙkj mÙkj


    yxHkx 250 'kCnksa (izR;sd) esa nhft,A 5×12=60

    5- rjyrk tky ls D;k vfHkizk; gS \ rjyrk tky dh


    mifLFkfr esa ekSfnzd uhfr vizHkkoh D;ksa gS \

    6- esuw ykxr dh vo/kj.kk dh O;k[;k dhft,A bls


    lef"V vFkZ'kkL=k esa egRoiw.kZ D;ksa ekuk tkrk gS \

    7- lef"V vFkZ'kkL=k esa O;f"V&ewyksa ds egRo dh ppkZ


    dhft,A

    P. T. O.
    [6] MEC-002

    8- vartkZr lao`f¼ ls D;k vfHkizk; gS \ vartkZr lao`f¼


    ds ,d ekWMy dh ppkZ dhft,A

    9- vkfFkZd lao`f¼ ds Lof.kZe fu;e dk vkykspukRed


    ijh{k.k dhft,A

    10- ^dq'kyrk etnwjh fl¼kUr* dh izeq[k fo'ks"krkvksa dk


    o.kZu dhft,A

    11- okLrfod O;kikj pØ ij ,d laf{kIr uksV fyf[k,A


    12. fuEufyf[kr ij la{ksi fVIi.kh fyf[k, %

    (v) ikjaifjd }Srokn

    (c) csjkstxkjh dk vkarfjd&ckgjh ekWMy

    MEC–002

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