BECC-133 English Medium Solved Assignments 2024-25

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BECC-133 English Medium Solved Assignments 2024-25 Available

1. Bring out the important features of classical approach to macroeconomics. Why did it
fail to explain the great depression? Explain.
2. (a) What are the precautions taken while calculating National income by expenditure
method and income method?
(b) Calculate National income
Particulars ₹ in crores
(i) Compensation of employees 2000
(ii) Profit 800
(iii) Rent 300
(iv) Interest 250
(v) Mixed income of self employed 7000
(vi) Net current transfers to abroad 200
(vii) Net Exports -100
(viii) Net indirect taxes 1500
(ix) Net factor income from abroad 60
(x) Depreciation 120

3. Derive the labour demand and labour supply curves. Explain the relationship of labour
with output in the short run as per classical view.
4. Explain the following:
a. Repo rate and reverse repo rate
b. Money multiplier
c. Quantity theory of money
d. Liquidity preference curve.
5. Differentiate between:
a. Stock and flows
b. Balance of trade and Balance of Payments
6. Discuss various objectives and instruments of monetary policy.
7. Write a brief note on quantitative easing.
8. Explain circular flow of income in three sector economy with the help of appropriate
diagram.
9. Explain how equilibrium is attained in the money market. How does an increase in
nominal income affect the money market equilibrium?
10. Explain why in the classical approach, the aggregate supply curve is vertical.