Free IGNOU MEC-002 Important Questions 2025 Download PDF
Free IGNOU MEC-002 Important
Questions JUNE 2025 Download Pdf, IGNOU MEC-002
MACROECONOMIC ANALYSIS Important Questions Completed
Important Questions for the current session of the Master of Arts (Economics) Program
for the years 2024–2025 have been uploaded by IGNOU. Important Questions
for IGNOU MEC-002 students can help them ace their final exams. We advise
students to view the Important Questions paper before they must do it on their
own.
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Free IGNOU MEC-002 Important
Questions 2025 Download Pdf MACROECONOMIC ANALYSIS Important Questions With Answers Download Pdf A
thorough examination of India's foreign policy is covered in the Master of
Business Administration Master of Arts (Economics) program at IGNOU under the course code MEC-002 Important
facets of India's foreign policy, ties with other world powers, and
international relations are covered in this course. The most crucial MEC-002 questions
are listed below, along with their solutions, to help students study for the
test.
Free IGNOU MEC-002 Important Questions 2025
Download Pdf
Section I
·
Explain the concept of the IS curve. How does it represent equilibrium
in the goods market?
·
Discuss the LM curve's role in depicting equilibrium in the money
market. How is it derived?
·
Analyze the impact of fiscal policy on income and interest rates in an
open economy with flexible exchange rates.
·
What is the Phillips Curve? Explain its short-run and long-run
implications for inflation and unemployment.
·
Describe the Solow growth model. How does it explain steady-state growth
with technological progress and population growth?
·
Define endogenous growth. Discuss one endogenous growth model,
highlighting its key features.
·
Explain the concept of the liquidity trap. Why is monetary policy
ineffective in such a scenario?
·
Discuss the importance of micro-foundations in macroeconomics. How do
they enhance the understanding of macroeconomic phenomena?
·
Critically examine the 'Golden Rule' of economic growth. What are its
policy implications?
·
Describe the efficiency wage theory. How does it relate to unemployment
and productivity?
Section II
·
What is meant by the political business cycle? Discuss its causes and
implications for economic policy.
·
Explain the real business cycle theory. How does it account for economic
fluctuations?
·
Discuss the concept of menu costs. Why are they significant in the
context of macroeconomic price adjustments?
·
Elucidate the relationship between inflation and unemployment. How does
this relationship inform macroeconomic policy?
·
What is the life-cycle hypothesis? Discuss its relevance to consumption
and savings behavior over an individual's lifetime.
·
Explain the concept of the classical dichotomy. How does it separate
real and nominal variables in classical theory?
·
Discuss the insider-outsider model of unemployment. How does it provide
insights into labor market dynamics?
·
What are real rigidities in an economy? Why do they occur in wage rates
and price levels?
·
Analyze the effectiveness of monetary and fiscal policies in an economy
with flexible exchange rates.
·
Discuss the concept of absolute and conditional convergence in economic
growth. What factors influence these convergence patterns?
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