Free IGNOU MEC-102 Important Questions 2025 Download PDF (English)
Free IGNOU MEC-102 Important Questions JUNE 2025 Download Pdf (English), IGNOU MEC-102 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-102 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-102 Important Questions 2025 Download PDF (English) |
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Free IGNOU MEC-102 Important Questions 2025 Download Pdf (English)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-102 Important facets of India's foreign policy, ties with other world powers, and international relations are covered in this course. The most crucial MEC-102 questions are listed below, along with their solutions, to help students study for the test.
Free IGNOU MEC-102 Important Questions 2025
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Section I
·
Define classical theory in macroeconomics. What are its key features?
Discuss their relevance in the current economic context.
·
In the Ramsey-Cass-Koopmans model, explain the central planner's
problem. What is meant by the modified golden rule in this context?
·
Discuss the main features of the real business cycle theory. How does it
explain economic fluctuations?
·
Differentiate between nominal rigidities and real rigidities. Briefly
describe the types of real rigidities present in an economy.
·
Explain the concept of dynamic inconsistency using a loss function. How
does this impact economic policy decisions?
·
Using the IS-LM model, analyze how the economy adjusts when it is not in
equilibrium.
·
Illustrate with appropriate diagrams how a decrease in the budget
deficit can be beneficial for an economy.
·
Explain the effectiveness of fiscal policy under a flexible exchange
rate system. How does it differ from a fixed exchange rate system?
·
Discuss the policy instruments available to the government for
implementing monetary policy. How do these tools influence the economy?
·
Using the IS-LM model, explain the adjustment process in an economy that
is not in equilibrium.
Section II
·
Discuss the impact of adaptive expectations on the Phillips curve. How
does this affect inflation and unemployment dynamics?
·
Explain the underlying ideas of the Lucas supply function. How does it
differ from traditional supply functions?
·
Critically examine the efficiency wage model. How does it relate to
unemployment and productivity?
·
Discuss the channels through which monetary policy affects the economy.
How do changes in the money supply influence aggregate demand and supply?
·
In the Keynesian framework, explain how discretionary fiscal policy can
be used to close an inflationary gap.
·
Analyze why a high debt-to-GDP ratio could be detrimental to an economy.
What are the potential long-term effects?
·
Compare and contrast the Classical and Keynesian theories of
macroeconomics. Use appropriate diagrams to support your comparison.
·
Provide a brief outline of the IS-LM model. What does a point outside
the IS and LM curves signify? Does the economy reach equilibrium automatically
in this model?
·
Discuss how fiscal policy may not be effective in an open economy with a
flexible exchange rate. What policy options are available to the government in
such situations?
·
Explain the policy instruments available to the government for the
implementation of monetary policy. How do these instruments impact aggregate
demand and supply?
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