Description

MEC 107 MAEC Ignou Solved Assignment 2024

Course : MA Economics
Session 2024
Submission date : 1. By 31st October 2023, for the students willing to appear in December 2023 term end examination. 2. By 30thApril 2024, for the students willing to appear in June 2024 term end examination.

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1. a. Discuss India’s transformation from GATT to WTO. What is India’s contribution to WTO
concerning agriculture?
b. Describe the role that WTO plays in achieving sustainable development and protecting the
environment.
2. a. Country A is a large country while Country B is a small country. Both countries decided to
impose tariffs on their imports. What will be the impact of this decision on their producers,
suppliers and economy as a whole? Explain with the help of diagrams.
b. Is trade still possible between two nations if they have identical production possibilities curves?
Explain with the help of a diagram.

MEC 107 MAEC Ignou Solved Assignment 2024

SECTION B
Answer the following questions in about 400 words each. Each question carries 12 marks.
3. Why do countries engage in Intra-Industry trade? Explain Intra-Industry trade in horizontally and
vertically differentiated Commodities.
4. Explain the causes behind the global financial crisis of 2008. What were its macroeconomic effects?
What were the policy responses initiated by the U S government to combat the global financial crisis
of 2008?
5. a. What does the Rybczynski theorem postulate? Point out the important factors which could be
analysed in the context of Rybczynski’s theorem.
b. Point out five major assumptions of the Heckscher-Ohlin theory.
6. Why is a persistent deficit in the balance of payments undesirable? What policy measures are
available to achieve an improvement in a country’s BoP?

MEC 107 MAEC Ignou Solved Assignment 2024

7. Write short notes on the following:
a) Outward-oriented development strategies
b) Environmental Kuznets Curve hypothesis
c) The Impossible Trinity
d) Fixed versus floating exchange rate