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  #1  
Old Monday, February 23, 2015
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Default Economics Paper 2015

Paper - I (Subjective)

Q:2 Explain the equilibrium of firm and price fixation in Duoply when both firms have different elastic Average Revenue and Marginal Revenue curves. (20)

Q:3 Compare and contrast the equilibrium of the firm under perfect competition and monopolistic competition. (20)

Q:4 Explain as how new investment impact on national income under Multiplier effect? Illustrate with table and graph. (20)

Q:5 Explain as how the process of Creation of Credit Money is adopted in the banks? (20)

Q:6 Define monetary policy and explain its instruments which control inflation and deflation. (20)

Q:7 Why Micro and Macro Economics are prerequisite for complete Economic analysis? (20)

Q:8 Write notes on the following:
a- How would you identify the Supply Curve of the firm under Perfect competition in the long run? Explain with graph. (10)
b- Do you think that a Monopolistic firm can earn unlimited profit by maximizing the price? (10)



Paper - II (Subjective)

Q:2 How Lorenz Curve measures the poverty and income inequalities? Discuss critically. (20)

Q:3 "Economy without planning is like a ship having no destination." Comment. (20)

Q:4 How agriculture development is based on 'Green Revolution'? Discuss as how it brought revolutionary changes in agricultural development? (20)

Q:5 'Domestic resource development is a strategy of economic development'. Discuss as how industrial development is helpful to achieve that goal? (20)

Q:6 "Public sector enterprises are white elephant for the economy." Discuss as how privatization can play a positive role to address this issue? (20)

Q:7 Do you think as how modern approach of economic development is in accordance with the human welfare? (20)

Q:8 Write notes on the following:
a- Poverty Line (6)
b- Basic need approach for poverty alleviation. (7)
c- Economic growth. (7)
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Old Tuesday, February 24, 2015
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@ Irfan
Did you appear in Radiant School yesterday?
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Old Tuesday, February 24, 2015
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How was the paper Waqas bai??to me it seems challenging..
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Old Tuesday, February 24, 2015
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Sister it was easy. the first one was technical with a lot of graphs and formulas. the second one was open for analysis so enjoyed it. hopefully will get 140-150 as objectives were easy too
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Yeah you are right. Paper was scoring. I think trend is changing in Economics. FPSC wants people to opt Economics.
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Old Tuesday, February 24, 2015
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yep. considering last years papers and this one it can be concluded that FPSC is encouraging economics...

Which Qs yo attempted though?
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Old Tuesday, February 24, 2015
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Last year paper was easy like this. I got 148. This time hopeful of 130 as i didnt gave it attention being over confident due to last year
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Old Wednesday, February 25, 2015
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Quote:
Originally Posted by shtanzeel View Post
Last year paper was easy like this. I got 148. This time hopeful of 130 as i didnt gave it attention being over confident due to last year
Sir were both your numerical of paper A correct last time? and how many marks did you get in paper B last time.

Nice to see you after a long time
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Old Wednesday, February 25, 2015
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Quote:
Originally Posted by waqas izhar View Post
Sir were both your numerical of paper A correct last time? and how many marks did you get in paper B last time.





Nice to see you after a long time
I left both numericals in choice last year ... Both papers were around 75.
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Old Tuesday, March 24, 2015
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I think the paper is easily doable without calculus and mathematical economics... What do you say?

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@all others!
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