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M.E.C – 004
ECONOMICS
OF GROWTH AND DEVELOPMENT MEC 004 Solved Assignment 2022-23
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Assignment I
Answer the following
questions in about 700 words each.
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 criticisms?
Assignment - II
Answer the following
questions in about 400 words each.
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 shortcomings.
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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