Successful Candidates Having Opted Economics Please Report Here - Page 2

Toru · #11 Tuesday, June 10, 2014

Quote:

Originally Posted by sabahatbhutta

Assalam U Alaikum Dear Aspirants!

Economics is a very interesting subject and you would enjoy your journey with Economics as it gives you full liberty to exercise your imagination. As you all know Economics consists of 2 papers. Paper A consists of Micro, Macro, Trade, Inflation, Unemployment, Money and Goods Markets, Keynesian Economics etc. and Paper B covers all aspects of Economy of Pakistan.

To score high in Economics you need to learn how to prepare and then how to attempt the paper.

Let us start from MCQs portion. 20 MCQs in paper A and 20 in paper B, total 40 marks for MCQs out of 200. It is a very important part of Economics paper. To nail it, practice past papers MCQs. You can have access to past papers solved MCQs in the same book that I had mentioned in my earlier post.

I will keep posting episode wise so that the things go systematically. Take good care of yourselves and keep preparing smartly till my next post.

Regards

Saba Asghar Bhutta

Thank You for your response. I appreciate your concerted efforts as do the rest, but the purpose of this thread was to expedite the major problems at hand and to subject you to minimum possible trouble lest it gets exhausting for you.

Perhaps it would be best to start off with telling us about

1. How you went about attempting the long questions for Paper 1 for both years?
2. Your approach of the answers and sources consulted for Paper 2?

By the first I mean does one's answers include the mathematical, graphical as well as explanatory paragraphs? or do the more conventional and less technical, comprehensive but precise explanation and graphs suffice? Because we're not always given variables to be working with. And there weren't any in the papers of '12 and '13 as far as I recall.

Secondly, was the use of economic theory (from Paper I) relevant in answering questions from Paper II? Anything else we need to know about?

Thank You

sabahatbhutta · #12 Saturday, June 14, 2014

Assalam U Alaikum Dear Aspirants!

Sorry for being late for another post, I am having a busy schedule but this thread is on my priority.

@Toru
I want to make this thread a comprehensive one for all that is why I want to go into details.

After MCQs one should go for Subjective portion of both papers. As one can see paper A is simple and needs a common understanding of Economic concepts while paper B needs your imaginative, creative and analytical skills.

Go through Economic concepts simply and carefully. DO not let concepts confuse with each other. The best drill for it is to teach this concept to any other person. Believe me you will learn better by teaching to others. Learn definitions by heart and equations and formulas should be on your finger tips. Practise diagrams as much as you can. Copy them twice or thrice and then practise them many times. Good and suitable diagrams guarantee you highest marks in paper A.

Remember me in prayers.

waqas izhar · #13 Saturday, June 14, 2014

Quote:

Originally Posted by sabahatbhutta

Assalam U Alaikum Dear Aspirants!

Sorry for being late for another post, I am having a busy schedule but this thread is on my priority.

@Toru
I want to make this thread a comprehensive one for all that is why I want to go into details.

After MCQs one should go for Subjective portion of both papers. As one can see paper A is simple and needs a common understanding of Economic concepts while paper B needs your imaginative, creative and analytical skills.

Go through Economic concepts simply and carefully. DO not let concepts confuse with each other. The best drill for it is to teach this concept to any other person. Believe me you will learn better by teaching to others. Learn definitions by heart and equations and formulas should be on your finger tips. Practise diagrams as much as you can. Copy them twice or thrice and then practise them many times. Good and suitable diagrams guarantee you highest marks in paper A.

Remember me in prayers.

ma'am please just give the headings of your answer for the following question as a sample:

Price determination in perfect competition.

sabahatbhutta · #14 Monday, June 16, 2014

I will answer all your questions, just give me some time. My schedule is very hectic these days.

musmanhussain · #15 Wednesday, June 18, 2014

Thanks Miss Saba,you really remove doubts and ambiguities regarding economics subject.Your ideas and recommendation really helpfull and you proved this with proof of your marks and your book of economics for new aspirants.

sabahatbhutta · #16 Wednesday, June 18, 2014

Quote:

Originally Posted by Toru

Thank You for your response. I appreciate your concerted efforts as do the rest, but the purpose of this thread was to expedite the major problems at hand and to subject you to minimum possible trouble lest it gets exhausting for you.

Perhaps it would be best to start off with telling us about

1. How you went about attempting the long questions for Paper 1 for both years?
2. Your approach of the answers and sources consulted for Paper 2?

By the first I mean does one's answers include the mathematical, graphical as well as explanatory paragraphs? or do the more conventional and less technical, comprehensive but precise explanation and graphs suffice? Because we're not always given variables to be working with. And there weren't any in the papers of '12 and '13 as far as I recall.

Secondly, was the use of economic theory (from Paper I) relevant in answering questions from Paper II? Anything else we need to know about?

Thank You

1. To attempt questions of paper 1, come to the point right away. For example the question of CE-2013:
"Under perfect competition, how the firms earn abnormal and normal level of profits both in the short run and long run period? Explain with suitable diagram."
Start it right away by the heading: Short Run profits and sub headings: Abnormal and Normal level of profits, similarly next heading: Long Run profits and then the sub headings...
Do no drag your answer please. Be precise and to the point. Draw diagram neatly and give explanation of diagram in few lines to explain the phenomena properly.

2. Approach for paper 2 should be positive. I mean to say you should present problems of Pakistan in a way that they can be solved. Be optimistic, you should be equipped with facts and figures supporting your arguments. And here too be precise and to the point, do not elongate your answers. Knowledge of paper 1 can also be useful for paper 2, like you can give references to Keynes theories to elaborate your point of view regarding Public Finance etc.

Quote:

Originally Posted by waqas izhar

ma'am please just give the headings of your answer for the following question as a sample:

Price determination in perfect competition.

I hope you get the idea of a general outline form my answer above. But I will come up with the outline of this particular question for you In Sha Allah, just give me some time.

Quote:

Originally Posted by musmanhussain

Thanks Miss Saba,you really remove doubts and ambiguities regarding economics subject.Your ideas and recommendation really helpfull and you proved this with proof of your marks and your book of economics for new aspirants.

Thank you Usman, I am doing a humble effort. I am glad it is benefiting you and many other friends. Allah bless you all.

waqas izhar · #17 Wednesday, June 18, 2014

thanks ma'am but take your time. no hurry.

Mazhar Ali Khokhar · #18 Friday, June 27, 2014

@ sabahat bhutta

I am acma inter now taking exam of MA Eco.
Last time I opted accounts.
Keeping in mind the short time and consecutive exams of MA in Sep , PMS likely to be held in October and then finally CSS being the last chance. I intend to change accounts with economics , is it a wise change.

sabahatbhutta · #19 Friday, June 27, 2014

Quote:

Originally Posted by Mazhar Ali Khokhar

@ sabahat bhutta

I am acma inter now taking exam of MA Eco.
Last time I opted accounts.
Keeping in mind the short time and consecutive exams of MA in Sep , PMS likely to be held in October and then finally CSS being the last chance. I intend to change accounts with economics , is it a wise change.

Economics is a good and scoring subject and you can also prepare it in less time than A&A. Rest is upto you.

Tehseen Baber · #20 Saturday, June 28, 2014

Miss Sabah, the tips are quite helpful but how much time does it consumes for preparing for both of the subjects?. Secondly, with the economics which other optional subjects you recommend to opt.

Regards,

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The Following User Says Thank You to Toru For This Useful Post:
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The Following 5 Users Say Thank You to sabahatbhutta For This Useful Post:
Ekhalil (Wednesday, April 05, 2017), Siddique (Sunday, April 03, 2016), sohail_css (Sunday, May 29, 2016), waqas izhar (Saturday, June 14, 2014), Zain Ahmed Zaman (Thursday, August 07, 2014)

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