Economics 2010
Paper1
part II

Q.2 what is Consumer's Equilibrium ? How a consumer can be in equilibrium under Ordinal Approach?

Q.3 How is a firm's demand curve for a particular variable factor input constructed when thee is:
i) only one variable input
ii) two variable input in the productivity process

Q.4What is national income? Define and explain different concepts of National Income

Q.5 What is the equation of exchange and the velocity of circulation? What assumptions are necessary to make the equation of exchange the quantity theory of money?

Q.6 Differentiate between Balance of Payments and Balance of Trade. What are the transactions that are recorded in the current account and the capital account?

Q.7 Explain the theory of comparative cost by David Ricardo.

Q.8 Define the concept and methods of deficit financing. What are the reasons for deficit financing in Pakistan?


Economics 2010
Paper2 part II


Q.2 Define economic development and economic growth . How can you differentiate between these two?

Q.3 Explain the important features and trends of Pakistan foreign trades.

Q,4 Discuss the cost and benefits of foreign economic assistance and give some suggestions for the solution to the foreign debt problem.

Q.5 Explain the major monetary and fiscal measures to promote industrial development in Pakistan.

Q.6 Explain critically the land tenure system in Pakistan.

Q.7 What is the difference between collective and cooperative framing? Explain the advantages and causes of failure of cooperative framing in Pakistan.

Q.8 Give a critical evaluation of the strategy of economic planning in Pakistan.