IGNOU MEC 7 SOLVED ASSIGNMENT
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MEC 7: International Trade and Finance
| Title Name | IGNOU MEC 7 SOLVED ASSIGNMENT |
|---|---|
| Type | Soft Copy (E-Assignment) .pdf |
| University | IGNOU |
| Degree | MASTER DEGREE PROGRAMMES |
| Course Code | MEC |
| Course Name | Master of Arts in Economics |
| Subject Code | MEC 7 |
| Subject Name | International Trade and Finance |
| Year | 2025 2026 |
| Session | - |
| Language | English Medium |
| Assignment Code | MEC 7/Assignment-1/2025 2026 |
| Product Description | Assignment of MEC (Master of Arts in Economics) 2025 2026. Latest MEC-007 2026 Solved Assignment Solutions |
| Last Date of IGNOU Assignment Submission | Last Date of Submission of IGNOU BEGC-131 (BAG) 2025-26 Assignment is for January 2026 Session: 30th September, 2026 (for December 2025 Term End Exam). Semester Wise January 2025 Session: 30th March, 2026 (for June 2026 Term End Exam). July 2025 Session: 30th September, 2025 (for December 2025 Term End Exam). |
| Format | Ready-to-Print PDF (.soft copy) |
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MEC 7 2025 2026 - English
MEC-007: INTERNATIONAL TRADE AND FINANCE
Tutor Marked Assignment
Course Code: MEC-007
Assignment Code: MEC-006/AST/2025-26
Maximum Marks: 100
Note: Answer all the questions.
Section-A
Answer the following questions in about 700 words each. Each question carries 20 marks.
2X20-40
1) Briefly explain Adam Smith's theory of Absolute Advantage. Discuss Ricardo's theory of Comparative Advantage.
2) What do you understand by "terms of trade? Explain the various conceptualisations of terms of trade. Discuss the behavior of terms of trade as explained by Prebisch.
Section B
Answer the following questions in about 400 words each. Each question carries 12marks.
3) Explain multilateral framework of international trade. Explain its main features.
4) What are the various forms of economic integration? How is trade diversion different from trade creation? Elucidate.
5) Describe the evolution of international monetary system. Examine the trends in the international monetary and financial systems.
6) Suppose an importing country imposes a tariff. What would be the impact of this tariff on this importing country as well as on the exporting country? Explain
7) Critically examine the relative merits and demerits of the fixed and flexible exchange rates. According to you, which of these two-exchange rate system should a developing country like India adopt?
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