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The Intermediate Macro Economics – II Course for BA (Hons) Economics Semester IV, Delhi University has been taught by Mr. Dheeraj Suri. The Video Lectures are based upon the books prescribed by the University of Delhi. The Duration of Video Lectures is approximately 36 Hours.

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Complete Study Material (PDF Notes) which includes Concepts, Previous Year Questions, Numerical Questions, MCQ’s and Important Questions
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Mock Tests at the Website
Video Lectures Cover Theory Portions Exchaustively + Complete Solutions of Back Questions of readings + Solutions of Previous Years Papers + Large Number of Numericals

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Demo Lectures

Solow Model Lecture #1

Demo Test

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Solow Model Test #1

1. Please Read the Questions and all the options Carefully, Before Selecting Your Choice.
2. You are not Allowed to edit your answers after submission.
3. The Paper has ten Questions
4. Time Allowed is 10 Minutes.
5. It is necessary to enter your valid Email id to attempt this test.

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1 / 10

Investment increases proportionately with the increase in capital stock implies that, for a given rate of saving _______

those economies which have lower level of capital will have higher level of investment

those economies which have higher level of capital will have higher level of investment

those economies which have lower level of capital will have Constant level of investment

those economies which have higher level of capital will have lower level of investment

2 / 10

In the Solow Model, The production function becomes __________ as k increases indicating that it gives _____________ marginal product of capital

Flatter ; Increasing

Steeper ; Increasing

Flatter ; Diminishing

Steeper ; Diminishing

3 / 10

The aggregate production function for the Solow growth model assumes (A) ___________ returns to scale and (B) _____________marginal productivity of labour and capital.

A : Increasing, B : Diminishing

A : Constant, B : Diminishing

A : Decreasing, B : Diminishing

A : Increasing, B : Constant

4 / 10

In the Solow Model, the point where investment is equal to depreciation is known as the ______________.

Equilibrium Point

Steady State

Break Even Point

None of the above

5 / 10

According to the Solow Model, _____________________ is a function of capital.

Labour

Output

Technology

Population

6 / 10

Consider an economy described by the following production function :

F(K, L) = K^0.5L^0.5

Assume that the rate of depreciation is 10% per year and rate of saving is 30%. Find the steady state level of Investment of Solow’s model.

i* = 0.9

i* = 0.10

i* = 3

i* = 0.16

7 / 10

Consider an economy described by the following production function :

F(K, L) = K^0.5L^0.5

Assume that the rate of depreciation is 10% per year and rate of saving is 30%. Find the steady state capital stock per worker of Solow’s model.

k* = 16

k* = 10

k* = 9

k* = 3

8 / 10

In the Solow Model, the change in saving rate produces

Level Effect

Growth Effect

No Effect on steady state

None of these

9 / 10

In the Solow Model, the economy which is not at steady state

will remain where it is initially

will automatically reach at Golden rule Level of Capital

will approach towards its steady state

will never reach its steady state

10 / 10

In the Solow Model, at the steady state we have

Change in Capital = Investment

Change in Capital = Depreciation

Change in Capital = Investment plus Depreciation

Change in Capital = Investment minus Depreciation

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Demo PDF

Chapter-2-Economic-Growth-I

Exam Pattern

The Question Paper of 75 Marks Will Have Two Parts (Part A & Part B)

Part A will have 7 questions of 5 marks each, out of which the student will be required to answer any 6. Out of the 7 questions in part A, 3 will be from Unit 1, 2 from Unit 3 and 2 from Units 2 and 4 combined.
Part B will have 4 questions of 15 marks each, out of which the student will be required to answer any 3. Out of the 4 questions in part B, 1 will be from Unit 1, 1 from Units 2 and 4 combined and 1 from Unit 3. The fourth question can be from anywhere, as per the discretion of the paper-setters.

In case of OBE, out of 6 questions, two would be from unit 1, two would be unit 3 and the remaining two would be from unit 2 and 4 combined

Click Here for Reading List of Intermediate Macro Economics II

Course Content of our Video Lectures

Unit 1 : Economic Growth

Chapter 1 : Harrod Domar Model [34 Minutes]

Based Upon Amartya Sen

Number of Lectures 1 Lecture

Total Duration 34 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Harrod Domar Model,

►Mathematical Formulation of Harrod Domar Model,

►Relation between actual growth rate & warranted growth rate,

►Harrod’s Instability Problem.

Chapter 2 : Economic Growth [359 Minutes]

Based Upon Jones Chapter 1

Number of Lectures 2 Lectures

Total Duration 56 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Data of Growth & Development,

►Facts regarding Economic Growth,

Based Upon Jones Chapter 2

Number of Lectures 4 Lectures

Total Duration 214 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Solow Model Introduction,

►Solving the Solow Model,

►Steady State Level,

►Comparative Statics,

►Properties of Steady State,

►Economic Growth in the Simple Model,

►Technology & the Solow Model.

►Growth Accounting.

Golden Rule Level of Capital

Number of Lectures 2 Lectures

Total Duration 49 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Golden Rule Level has been eliminated from Syllabus, Lectures have been added coz some teachers in college have taught this topic

Topics Covered

►Golden Rule Level of Capital,

►Transition to Golden Rule Level of Capital.

Based Upon Jones Chapter 8.1

Number of Lectures 1 Lecture

Total Duration 40 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►AK Model,

►Two Sector Model.

Chapter 3 : Convergence [28 Minutes]

Based Upon Jones Chapter 3.2

Number of Lectures 1 Lecture

Total Duration 28 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Convergence Meaning,

►Conditional Convergence,

►Unconditional Convergence.

Chapter 4 : Economics of Ideas [94 Minutes]

Based Upon Jones Chapter 4

Number of Lectures 2 Lectures

Total Duration 94 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Meaning of Technology,

►Meaning & Nature of Ideas,

►Non Rivalrous Goods & Increasing Returns to Scale,

►Intellectual Property Rights,

►Data on Ideas,

Chapter 5A : Romer Model [162 Minutes]

Based Upon Jones Chapter 5

Number of Lectures 4 Lectures

Total Duration 162 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Elements of Romer Model,

►Growth in the Romer Model,

►The Economics of Romer Model.

Chapter 5B : Social Infrastructure [80 Minutes]

Based Upon Jones Chapter 7

Number of Lectures 2 Lectures

Total Duration 80 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Social Infrastructure,

►Business Investment Problem,

►Difference in Total Factor Productivity,

►Growth Miracles & Disasters.

Unit 2 : Business Cycles

Chapter 6 : Business Cycles [77 Minutes]

Based Upon Gordon Chapter 17

Number of Lectures 3 Lectures

Total Duration 77 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Fooling Model,

►Real Business Cycle Model,

►New Keynesian Model,

Unit 3 : Open Economy Models

Chapter 7 : International Linkages [203 Minutes]

Based Upon Rudiger Dornbusch and Stanley Fischer Chapter 6

Number of Lectures 4 Lectures

Total Duration 203 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Open Economy,

►Balance of Payment,

►Exchange Rate,

►Fixed Exchange Rate,

►Floating Exchange Rate,

►Devaluation & Revaluation,

►Depreciation & Appreciation,

►Nominal & Real Exchange Rate,

►IS Curve in Open Economy,

►Capital Mobility,

►Mundell Fleming Model,

Chapter 8 : International Adjustment [114 Minutes]

Based Upon Rudiger Dornbusch and Stanley Fischer Chapter 20

Number of Lectures 2 Lectures

Total Duration 114 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►International Adjustment,

►Role of Prices in Open Economy,

►Devaluation,

►Crawling Peg Exchange Rate,

►J Curve,

►Hysteresis Effect,

Chapter 9 : Foreign Exchange Markets [174 Minutes]

Based Upon D. Salvatore Chapter 14

Number of Lectures 4 Lectures

Total Duration 174 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Foreign Exchange Markets,

►Participants of Foreign Exchange Markets,

►Exchange Rate Numericals,

►Spot Rate & Forward Rate,

►Futures & Options,

►Speculation,

►Covered Interest Arbitrage,

►Uncovered Interest Arbitrage,

Chapter 10 : Purchasing Power Parity [89 Minutes]

Based Upon D. Salvatore Chapter 15

Number of Lectures 2 Lectures

Total Duration 89 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Purchasing Power Parity,

►Absolute Purchasing Power Parity,

►Relative Purchasing Power Parity,

►Asset Market Approach,

►Exchange Rate Overshooting,

Based Upon D. Salvatore Chapter 20.6 [42 Minutes]

Number of Lectures 1 Lecture

Total Duration 42 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Exchange Rate Bands,

►Adjustable Peg System,

►Crawling Peg,

►Managed Floating.

Unit 4 : Fiscal & Monetary Policy

Chapter 11 : Uncertainty & Policy [81 Minutes]

Based Upon Blanchard Chapter 24

Number of Lectures 2 Lectures

Total Duration 81 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Uncertainty & Policy,

►Expectations & Policy,

►Establishing Credibility,

►Politics & Policy.

Chapter 12 : Inflation Targeting [63 Minutes]

Based Upon Blanchard Chapter 25

Number of Lectures 2 Lectures

Total Duration 63 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Costs of Inflation,

►Benefits of Inflation,

►Inflation Targeting,

►Interest Rate Rules.

Chapter 13 : Fiscal Policy [74 Minutes]

Based Upon Blanchard Chapter 26

Number of Lectures 1 Lectures

Total Duration 74 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests

Topics Covered

►Fiscal Policy,

►Primary Deficit,

►Debt Stabilization,

►Ricardian Equivalence,

►Cyclically Adjusted Deficit,

Chapter 14 : Financial Systems [158 Minutes]

Based Upon Mishkin Chapter 14 & 15

Number of Lectures 3 Lectures

Total Duration 158 Minutes

Number of Questions in Notes Questions

Number of MCQ Tests on this Chapter Tests