Introduction
Below are the complete solved answers for the IGNOU MEC-102: Macroeconomic Analysis Tutor Marked Assignment (TMA) for the academic year 2024-25. Click on each question below to view its full answer in easy-to-understand language for students.
Assignment Questions with Answer Links
- 1. Specify the Lucas Supply Function. What are its implications? In what respects is it different from the classical aggregate supply function?
👉 Click for Answer - 2. What are the implications of IS and LM curves? What are the factors on which the position and the slope of IS and LM curves depend?
👉 Click for Answer - 3. Explain the mechanism through which internal and external balance takes place under flexible exchange rate.
👉 Click for Answer - 4. What does the Phillips curve signify? How do you reconcile the difference in the shape of the curve in the short run and the long run?
👉 Click for Answer - 5. Bring out the salient features of real business cycle models. What are its implications?
👉 Click for Answer - 6. Classify various theories of unemployment based on the possible responses of the firm.
👉 Click for Answer - 7. Write short notes on the following:
a) Capital asset pricing model
b) Permanent income hypothesis
👉 Click for Answer
Conclusion
These solutions are crafted in simple, student-friendly language to help you understand key macroeconomic concepts and prepare your MEC-102 TMA for 2024-25 effectively. Use them as a reference to write your own assignment.