|
SPSC Other Examinations Sindh Public Service Commission |
Share Thread: Facebook Twitter Google+ |
|
LinkBack | Thread Tools | Search this Thread |
#1
|
|||
|
|||
Notes for Lecturer Economics 2013 Test (By a Lecturer Economics)
I reserve this thread for my notes. I shall post NB notes and MCQs about ECONOMICS to help candidates for SPSC conducted lecturer tests. You can ask me questions out of my notes.
I am lecturer (Economics) at Sindh Education and Literacy Department. Subjects in MA (Economics) are
My notes will be random and will only deal important MCQs question regarding Economics Test. I shall daily update this thread , Inshallah tallah. |
The Following 4 Users Say Thank You to jaris ojeran For This Useful Post: | ||
Asadibrahim (Wednesday, July 24, 2013), Durrani Abid (Thursday, July 25, 2013), inayatali (Thursday, December 12, 2013), Nighat Rana (Monday, February 04, 2019) |
#2
|
|||
|
|||
what is difference between Positive economics and normative economics?
Positive economics tries to explain the way the economy actually operates only explains/describes what it is and it does not tell what is right or wrong http://en.wikipedia.org/wiki/Positive_economics Nrmative economics explains the way economy actually should operate evaluates and tells what ought to be http://en.wikipedia.org/wiki/Normative_economics I was asked this question in my interview. |
#3
|
|||
|
|||
What is inflation?
situation in which there is sustained , excessive, and general increase in price levels. that means"too much money chasing after too few goods" Types Wage/Demand Pull: supply of products goes down . this causes demand of products to go up. this cause DP inflatio Cost Push: cost of production goes up. this causes final prices of goods to go up too. this cause CP inflation Oligopolistic/administered: when companies decide to increase price to get more profit margin sectorial: it is like. if price of oil increases the aviation and transport sector will also be affected. this inflation is cause dby increase of prices for any particular sector. Fiscal: when there is excessive govt: spending Causes: 1- govt spending excess of money 2- rise in production cost (when labor become expensive) 3- federal taxes put on consumer products 4- international lending and national debts 5- faster economics growth in other countries 6- depreciation of exchange rate http://en.wikipedia.org/wiki/Depreciation_(currency) Effects: effects on time value of money (interst rates affected) impact on treasury of nation decrease in purchasing power of rupee change allocation of income (between lenders and borrowers) making of speculation by some and getting advantage. just typed my notes. there is lot available about inflation on net. next time i shall tel you difference between monetary and fiscal policy |
#4
|
|||
|
|||
Monetary policy
it attempts to stabilize the economy by controlling the interest rates and money supply. Expansionary: when govt decrease interest rates. as a result money supply in the market is increased . this helps to combat unemployment Contractionary:when govt increase interest rates. as a result money supply in the market is decreased . this helps to combat inflation Tools: open market operations (selling buying bonds etc) reserve requirement (FOR BANKS) discount window Fiscal policy use of govt spending and revenue collection to influence economy expansionary: when spending more than taxation (larger budget deficit) contractionary: when spending less than taxation (larger budget surplus) neutral: when spending equal to taxation instruments/tools: govt spending and taxation Govt spending or Expenditure is funded by
taxation: it transfer of assets from people to govt. monetarization of deficit: to finance deficit by borrowing from central bank. |
The Following User Says Thank You to jaris ojeran For This Useful Post: | ||
Naveed_Bhuutto (Tuesday, December 17, 2013) |
#5
|
|||
|
|||
Role of SBP
(this question was asked in my interview) (short tips) guardian of monetary system. it sets short term interest rates and oversees health of financial system, including, by acting as lender of last resort to commercial banks. independent central bank should reduce the risk of inflation. SBP issues bank notes to regulate mnetary and credit system of Pakistan. main functions: conduct monetary policy management of public debt management of foreign exchange (balance of payment) advise s govt on policy matters maintain close relations with international institutions regulate liquidity in market (by controlling interest rates) |
#6
|
|||
|
|||
what is diffrence between credit and money
credit it is asset for banks it shows borrowing capacity money it is liability for banks determine purchasing power what are govt's six important concerns? inflation rate unemployment rate interest rate productivity budget deficit and trade deficit what are factors of production? there are generally three factors of production ie land labour and capital. but fourth one ie entrepreneurship/organistaion/enterprise is also important. this is life factor which help above three factors to coordinate and work better. classification of production: primary---production and extraction of natural resources plus agriculture secondary---manufacturing and construction sectors tertiary--- services sector SIC(Standard Industrial Classification) what is difference betwen firm and industry? firm is unit of production industry is group of all firms please refer to internet if you dont know any economic term next time i shall tell you difference between socialism, communism and capitalism |
#7
|
|||
|
|||
please tell me the name of good book of economics for c.c.e exams....is it good to opt economics in c.c.e?
and also tell me that economics Lecturer posts are announced or not ? thanks |
#8
|
||||
|
||||
Quote:
|
#9
|
|||
|
|||
Quote:
Last edited by Shooting Star; Thursday, July 25, 2013 at 02:12 AM. Reason: Share contact info. through your profile only. |
#10
|
|||
|
|||
@DDay
Read KK Dewet and constantly refer internet for further guidance. And posts of lecturer has been announced and the SPSC will soon conduct written test. Expected after Eid Inshallah Economics can be scoring, but only take if you have background for economics. Thanks @rashid I am compiling current eco data. Please wait. Soon I shall post here. Thanks @jakhrani Dear please don’t mention email addres here. It is against the rules of this forum. If you have any economics problem ishall try to solve here. thanks |
The Following User Says Thank You to jaris ojeran For This Useful Post: | ||
sanaaslam (Sunday, July 28, 2013) |
Thread Tools | Search this Thread |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Headmaster Test Preparation/ notes | ASIF JAN | PCS / PMS | 18 | Friday, June 28, 2013 11:29 AM |
A very Brief History of Pakistan: Events, Birthdays and Famous Deaths | Surmount | History of Pakistan & India | 3 | Monday, November 02, 2009 12:20 PM |
Economics Notes | Sureshlasi | Economics | 0 | Friday, September 12, 2008 12:02 PM |
Economics an overview | Naseer Ahmed Chandio | Economics | 0 | Wednesday, December 13, 2006 09:40 AM |