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Old Tuesday, December 03, 2013
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Dear these formulas are of GDP/Population is equal to ? GNP-GDP is equal to and so on. For example you might be asked a question that Sigma multiplication upon N is the formula of Arithmetic mean...

Cover the chapters of Harmonic, Arthmatic means. Percentile, Probability...

In micro economics there are a lot of techniques which gave me tough time. Such as the questions related to supply and demand perspectives. Questions will be like this if demand is decreased and supply is increased what will be the effect on a normal and inferior goods?

Curves are also very difficult, but if you understand them, then you will do it inshallah. Understand demand cure that how a curve falls down and goes upward. Curves are depended upon supply and demand and bla bla blaaaaaaaaa.

Topics of Micro Economics that I have covered with fully understanding are as under:

Demand and Supply in every perspective. In this thing you must have to understand diagrams, for this ambiguous tendencies K.K David's book is really good. First read it then go for MCQS book.

Then cover GDP, GNP, National Income, Incom Tex, Direct and Inderect teaxes. How they affect our demand and supply. Draw maps and diagrams then solve mcqs. I have read more then three mcqs books. But I have found the book that helped me a lot is of Carvan. It is a very good book.

Don't forget to cram a chapter that contains several theories i.e Marshal, Adam Smith and so on... They are very important.

Understand the normative, positive perspectives of Economics.

What is Utility, how it satisfy, law of marginal diminishing utility, its impact on inferior and normal goods...

Besides, clear your concepts regarding Macro and Microeconomics..

Read Market, Competitive and non competitive markets..

Homogenous, Bilateral, Multilateral business, trade, International Foreign Direct Investments.

Economic Activities i.e Agriculture, Irrigation, Public Finance and so on are also very good chapter and easier.

Must understand national and international incomes...(these are just halwas,, very easy chapters...


Also cover the basic related to macro economics as Production, distribution and consumptions.

I have come to know that Economics is all about understanding. If you understand it, then it will make you comfort and relax. Otherwise you would be facing a tough time. Though I have done my degree external. My many friends have got internal degrees but whenever I text them to ask anything they seem irritate and uncomfort. Don't know how they have done it.

In current days, I do not read economics due to CSS studies. SPSC is conducting our test on wrong time.

Last but not the least, dear K.K david's book is all in all for Economics. If you grasp this book, then I believe you can be a lecture very easily.

Thanks...



Thanks.
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