MEC 007 Solved Assignment 2022-23

 

MEC 007 Solved Assignment 2022-23

INTERNATIONAL TRADE AND FINANCE

Course Code: MEC 007

Assignment Code: MEC 007/AST/2022-23

Total Marks: 100

Note: Answer all the questions.

SECTION A

Answer the following questions in about 700 words each. Each question carries 20 marks.

1. Critically discuss the Ricardian theory of Comparative Advantage. How is it different from Adam Smith’s theory of Absolute Advantage?

2. Explain the various concepts of terms of trade. Critically examine the behavior of terms of trade as explained by Prebisch.

SECTION B

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

3. Explain multilateral framework of international trade. Explain its main features.

4. What are the various forms of economic integration? How is trade diversion different from trade creation? Elucidate.

5. Describe the evolution of international monetary system. Examine the trends in the international monetary and financial systems.

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6. Discuss the various instruments of trade protection. Differentiate between quotas and tariffs.

7. Critically examine the relative merits and demerits of the fixed and flexible exchange rates.

MEC 106 Solved Assignment 2022-23 : All assignments are in PDF format which would be send on email/WhatsApp (9958676204) just after payment.

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Dear Learner,

You have to submit one assignment in each course, i.e. MEC 106. 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.

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