Economics Papers 2014
 

Paper -Two

2. Discuss the common characteristics of developing countries like Pakistan.

3. Differentiate Absolute Poverty and Relative Poverty. Explain the poverty reduction strategies in Pakistan.

4. Define Agriculture price policy and its kinds. What are the objectives of agriculture price policy in developing countries like Pakistan.

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

6. Give the causes of deficit in balance of payments in pakistan and suggest measures to correct the adverse balance of trade.

7. what is the difference between collective and cooperative farming? Explain the advantages and causes of failure of cooperative farming.

8. Write NOTES on the following:
a. Trends in foreign remittances
b. Privatization Policy.

Paper-One
 

2. Given the profit function of a firm
Profit=80X-2X^2-XY-3Y^2+100Y
Using the Lagrange Multiplier Method, find the maximum of the profit function subject to the constraint that X+Y=12

3. Using the Utility Maximization Model show that total price effect is equal to the sum of income and substitution effects.

4. Differentiate between monopoly and perfect competition. How price and output is determined under monopoly in the short run.

5. a. Define and explain the concept of AFC, AVC, ATC, and Marginal Cost with the help of diagram.
b. What is the significance of the point where Marginal Cost is equal to Average Cost? Describe this relation mathematically as well as graphically.

6. Given below is the information about money market in a economy (all values in billions).
C= Currency in circulation
D=Demand Deposits
X=Excess Reserves
r=reserve requirement on demand deposits=0.05
C/D=0.25
X/D=0.05
Calculate the value of the following:
a. Monetary Base
b. M1 Money Supply
c. Money Multiplier
d. Change in Monetary base required to achieve M1=$800

7. Use the keynesian cross to predict the impact of:
a. An increase in government purchases.
b. An increase in taxes
c. An equal increase in government purchases and taxes

8. Write Short Notes on the following:
a. Consumers and producer surplus
b. Compensating and Equivalent Variation
c. Phillips Curve.

[QUOTE=shtanzeel;699238]especially the mcq of paper one. All 20, conceptual but very easy.[/QUOTE]

Is it advisable to opt economics as optional in CE-2015? Please give your opinions because some prohibit me to opt it. Thanks.

i appeared in 2014 and will opt it in 2015 again. to solve paper a go thoroghly through the followong books
1. principles of economics by mankiw
2. macroeconomics by mankiw
3. fundamental methods of mathematical economics by chiang.

if you can somehow send me your email address. i can send you soft copies.

get my email address from my profile

[QUOTE=waqas izhar;723554]
if you can somehow send me your email address. i can send you soft copies.

get my email address from my profile[/QUOTE]

Please send me soft copies of these books.
I have provided My email in My profile.

[QUOTE=waqas izhar;723554]i appeared in 2014 and will opt it in 2015 again. to solve paper a go thoroghly through the followong books
1. principles of economics by mankiw
2. macroeconomics by mankiw
3. fundamental methods of mathematical economics by chiang.

if you can somehow send me your email address. i can send you soft copies.

get my email address from my profile[/QUOTE]

i dont think he needs to go through all book of chiang. He needs to see utility etc and related concepts mathematically.

[QUOTE=shtanzeel;723755]i dont think he needs to go through all book of chiang. He needs to see utility etc and related concepts mathematically.[/QUOTE]

yes. he needs to go through the first four parts of chiang

Economics- scoring or not?
 

Seniors please guide whether economics is a scoring subject or not? what's its trend of scoring. thanks.

[QUOTE=peaceful loin;724019]Seniors please guide whether economics is a scoring subject or not? what's its trend of scoring. thanks.[/QUOTE]

usually economics is discouraged... but in 2014 the paper set was scoring...
the syllabus is lengthy though

[QUOTE=waqas izhar;724034]usually economics is discouraged... but in 2014 the paper set was scoring...
the syllabus is lengthy though[/QUOTE]

what was your strategy for 2014? And plz send me soft copies, I've sent u email.