BECC-103 INTRODUCTORY MACROECONOMICS in English Solved Assignment 2023-2024

BECC-103 INTRODUCTORY MACROECONOMICS in English Solved Assignment 2023-2024

Course Code: BECC-103
Assignment Code: ASST/BECC 103/ 2023-24
Total Marks: 100

Assignment I
Answer the following Descriptive Category Questions in about 500 words each. Each question
carries 20 marks. Word limit does not apply in the case of numerical questions. 2 × 20 = 40
1) Point out the salient features of classical approach to macroeconomics. Why did it fail to explain
the Great Depression? What are the changes suggested by Keynes to the classical approach?
2) What are the objectives of monetary policy? In order to achieve these objectives, what are the
policy instruments adopted by the Central Bank?
Assignment II
Answer the following Middle Category Questions in about 250 words each. Each question
carries 10 marks. Word limit does not apply in the case of numerical questions. 3 × 10 = 30
3) In the IS-LM model, why does an economy move towards equilibrium if it is in disequilibrium?
Explain. Use appropriate diagram to substantiate your answer.
4) Explain how equilibrium level of output is determined in the Keynesian model.
5) Give a brief account of the demand for money in the Keynesian system.
Assignment III
Answer the following Short Category Questions in about 100 words each. Each question carries
6 marks. 5 × 6 = 30
6) Describe the impact of inflation on various segments of society.
7) For a three sector economy the following is given:
= 50 + 0.75, I = 30, G = 20
where C = consumption, I = investment, and G = government expenditure.
Find out the equilibrium output level.
8) Define investment multiplier. What are its limitations?
9) Write a short note on the various types of inflation in an economy.
10) Write a short note on the function of money in an economy.

BECC-103, BECC 103 BECC103