MEC-004 ECONOMICS OF GROWTH AND DEVELOPMENT in English Solved Assignment 2022-2023


Tutor Marked Assignment (TMA)
Course Code: MEC-004
Assignment Code: MEC-004/AST/2022-23
Total Marks: 100

Title Name

MEC-004 Solved Assignment 2022-2023

University IGNOU
Service Type Solved Assignment (Soft copy/PDF)
Language ENGLISH
Semester 2022-2023 Course: MA(ECONOMICS) MEC
Session For July 2022 and January 2023 Sessions
Short Name MEC-004
Assignment Code MEC-004/AST/2022-23
Product Assignment of MA(ECONOMICS) 2022-2023 (IGNOU)
Submission Date For July session, you need to submit the assignments by March 31, and for
January session by September 30 for being eligible to appear in the term end examination.Assignments should be submitted to the Coordinator of your Study Centre. Obtain a receipt from the Study Centre towards submission.



Note: Answer all the questions.
Answer the following questions in about 700 words each. Each question carries 20 marks.
1. Critically examine the basic formulations of the Harrod-Domar model of economic growth.
How does the Harrod model explain the occurrence of trade cycles?
2. Discuss the concept of Golden Age Equilibrium in Joan Robinson’s model. What are its main
Answer the following questions in about 400 words each. Each question carries 12 marks.
3. Distinguish between economic growth and development. Briefly mention the main benefits
that economic growth confers upon society.
4. Explain the concept and implications of globalisation. Also discuss its advantages and
5. Critically evaluate the theory of critical minimum effort. Also bring out its limitations.
6. Explain the meaning of planning as an instrument of resource allocation. Why is there a need
for planning in the development process?
7. Compare and contrast the Uzawa two-sector growth model with the Feldman model.



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