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The document outlines assignment instructions for the Principles of Macroeconomics course at Allama Iqbal Open University, emphasizing the importance of original work and the consequences of plagiarism. It details the requirements for submitting assignments, including formatting and content expectations, and lists specific questions for two assignments that cover various macroeconomic concepts. Students are warned against late submissions and are encouraged to provide their own analysis.

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salman imran
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69 views2 pages

9302 Bs

The document outlines assignment instructions for the Principles of Macroeconomics course at Allama Iqbal Open University, emphasizing the importance of original work and the consequences of plagiarism. It details the requirements for submitting assignments, including formatting and content expectations, and lists specific questions for two assignments that cover various macroeconomic concepts. Students are warned against late submissions and are encouraged to provide their own analysis.

Uploaded by

salman imran
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Allama Iqbal Open University, Islamabad

(Department of Economics)

WARNING
1. PLAGIARISM OR HIRING OF GHOST WRITER(S) FOR SOLVING
THE ASSIGNMENT(S) WILL DEBAR THE STUDENT FROM AWARD
OF DEGREE/CERTIFICATE, IF FOUND AT ANY STAGE.
2. SUBMITTING ASSIGNMENT(S) BORROWED OR STOLEN FROM
OTHER(S) AS ONE’S OWN WILL BE PENALIZED AS DEFINED IN
“AIOU PLAGIARISM POLICY”.
Course: Principles of Macroeconomics (9302) Semester: Autumn, 2024
Level: BS Economics

Please read the following instructions for writing you assignments. (AD, BS,
B.Ed, MA/MSc, MEd, ODL Mode)
1. All questions are compulsory and carry equal marks but within a question, the
marks are distributed according to its requirements.
2. Read the question carefully and the answer it according to the requirements of the
question.
3. Avoid irrelevant discussion/information and reproducing from books, study
guide or allied material.
4. Hand written scanned assignments are not acceptable.
5. Upload you typed (in Word or PDF format) assignments on or before the due
date.
6. Your own analysis and synthesis will be appreciated.
7. Late assignments can’t be uploaded at LMS.
8. The students who attempt their assignments in Urdu/Arabic may upload a
scanned copy of the hand written assignments (in PDF format) on University LMS.
The size of the file should not exceed 5MB.

Total Marks: 100 Pass Marks: 50


Assignment No. 01
Note: Attempt all questions. All questions carry equal marks.
Q.1 Discuss the major contribution of classical economists in the field of
macroeconomics. (20)

Q.2 a) Define the concept of the Gross Domestic Product (GDP) and why it is
considered as an important measure in economics? (10)
b) Differentiate between nominal GDP and real GDP with example because it is
important to differentiate between them. (10)
Q.3 Discuss the impacts of government policies such as minimum wage laws and labor
regulations on the equilibrium in the labor market and the economy as whole. (20)

Q.4 Explain the role of financial intermediaries like banks and investments firms in the
financial markets. (20)

Q.5 Discuss how do changes in reserve requirements and discount rate influence money
supply and economic conditions in any economy? (20)

Total Marks: 100 Pass Marks: 50


Assignment No. 02

Q.1 Discuss the contribution of the law of one price to the theory of PPP. (20)

Q.2 a) Discuss the factors which can shift the aggregate demand curve to the right
and left. (10)
b) Discuss the main assumptions and conclusions regarding the aggregate
demand in each school of thought. (10)

Q.3 Explain the effects of contractionary fiscal policy on inflation and level of output in
country like Pakistan. (20)

Q.4 Define the Phillips curve. Does the Phillips curve relationship hold for Pakistan
data? Explain. (20)

Q.5 Explain how the efficiency wage theory relates to worker incentives, effort, and
overall job performance? (20)

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