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)

@ Irfan
Did you appear in Radiant School yesterday? :)

How was the paper Waqas bai??to me it seems challenging..

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 :)

Yeah you are right. Paper was scoring. I think trend is changing in Economics. FPSC wants people to opt Economics.

yep. considering last years papers and this one it can be concluded that FPSC is encouraging economics...

Which Qs yo attempted though?

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

[QUOTE=shtanzeel;807032]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[/QUOTE]

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 :)

[QUOTE=waqas izhar;807070]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 :)[/QUOTE]

I left both numericals in choice last year ... Both papers were around 75.

I think the paper is easily doable without calculus and mathematical economics... What do you say?

@waqas_izhar
@shtanzeel
@all others!

yes it is.

Provided the concepts are clear. You can leave mathematical

Can somebody tell me precise and minimum no. Of books for paper 1 covering all topics..

Gregory N. Mankiw principles of Economics and Macroeconomics

[RIGHT][/RIGHT][QUOTE=zyan malik;825303]Can somebody tell me precise and minimum no. Of books for paper 1 covering all topics..[/QUOTE]

There is a diverse range of topics in economics course. It covers aspects of monetary economics, international trade besides basics of macroeconomics and macroeconomics
Therefore for each subject you will have to study concepts from books. It depends upon your knowledge base that you can grasp all the concepts clearly from one book or may require additional books reading for conceptual clarity. No one can give you a 1+1+1+1 book formula for economics

[QUOTE=shtanzeel;835538][RIGHT][/RIGHT]

There is a diverse range of topics in economics course. It covers aspects of monetary economics, international trade besides basics of macroeconomics and macroeconomics
Therefore for each subject you will have to study concepts from books. It depends upon your knowledge base that you can grasp all the concepts clearly from one book or may require additional books reading for conceptual clarity. No one can give you a 1+1+1+1 book formula for economics[/QUOTE]

Totally agreed with you. Having solid concepts is what the new Economics syllabus demands. Someone can clear the concept from one book. Some may need more than one.

But, feeling a strong prescriptive temptation, I suggest Caravan Publisher's BA/BSc level books authored by Dr. Muhammad Hussain Chaudhry. I found those books quite handy while preparing for CE-2015. But be advised that these are not the only books that would suffice for preparation as shtanzeel pointed out.

Agreed. Even a very basic Book of A. Hamid Shahid is sufficient if it clears your concept. For Paper-II. in 2014, i only studied Habib Ullah Vaseer book of Intermediate Part-II. I was able to secure around 75 marks in it easily. No one will be willing to believe that it helped me to the extend. One should be conceptually clear and should not fear writing in paper. Thats all as far as economics is concerned. You should be 100% clear, whatever you are writing. This is only possible if you have conceptual clarity

Dear should not confuse yourself in books detail on what book is good to read or not.Two things are required in this regard,first personal aptitude for the subject with critical analysis,second any book on micro-macro can be beneficial once one is falls fit to one condition.

the paper is very technical ,i guess every applicant will take average of 140.