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MEC 002 Solved Assignment 2022-23


MEC 002 Solved Assignment 2022-23


Course Code: MEC 002

Assignment Code: MEC 002/2022-23

Total Marks: 100

Note: Answer all the questions.


Answer the following questions in about 700 words each. The word limits do not apply in case of numerical questions. Each question carries 20 marks.

1. Explain the concept of steady state growth in the Solow model with appropriate diagram. Show that the golden rule of Phelps is not a steady state.

2. Differentiate between adaptive expectations and rational expectations. Explain why the shape of the Phillips curve changes when we introduce expectations in our analysis.


Answer the following questions in about 400 words each. Each question carries 12 marks.

3. Policy rules are better than discretionary policies. Justify the above statement in light of new classical macroeconomics.

4. Explain in brief the salient features of political business cycle theory.

5. Bring out the factors that lead to rigidity in wages and prices.

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6. Explain with appropriate diagrams why an economy with fixed exchange rate cannot pursue an independent monetary policy.

7. Write short notes on the following.

i) Inter-temporal utility maximization

ii) Real business cycle theory

MEC 002 Solved Assignment 2022-23 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.


Dear Learner,

You have to submit one assignment in each course, i.e. MEC 002. All these are Tutor Marked Assignments (TMAs). Before attempting the assignments, please read the instructions provided in the Programme Guide carefully.

Kindly note, you have to submit these assignments to the Coordinator of your Study Centre within the stipulated time for being eligible to appear in the term-end examination. You must mention your Enrolment Number, Name, Address, Assignment Code and Study Centre Code on the first page of the assignment. You must obtain a receipt from the Study Centre for the assignments submitted and retain it. Keep photocopies of the assignments with you.

After evaluation, the assignments have to be returned to you by the Study Centre. Please insist on this and keep a record with you. The marks obtained by you will be sent by the Study Centre to the Student Evaluation Division at IGNOU, New Delhi.

Guidelines for Doing Assignments

There are five questions in each assignment, all carry equal marks. Attempt all the questions in not more than 500 words (each). You will find it useful to keep the following points in mind:

Planning: Read the assignments carefully. Go through the units on which they are based, make some points regarding each question and then rearrange them in a logical order

Organization and Presentation: Be analytical in your selection of the information for your answer. Give adequate attention to the introduction and the conclusion. Make sure that your answer is logical and coherent; has a proper flow of information.

For IGNOU Solved Assignment PDF & Hand Written


WhatsApp Contact : 9958676204

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