Economics Paper CCE 2013
 

Economics CCE 2013
Dated:13th April 2015

Attempt any Six Questions.

01. Discuss how the following changes would affect the natural (frictional) rate of unemployment:
(a) Elimination of unions
(b)Increased participation of teenagers in labor market
(c)larger fluctuation in the level of aggregate demand
(d)Increase in employment benefits
(e)Elimination of minimum wages
(f)Larger fluctuations in the composition of aggregate demand

02.What costs are associated with perfectly anticipated inflation? Do these changes as rate of inflation changes.

03.Explain the relationship between Income , Consumption and Saving. define also their importance in the Economic Development of a country?

04.How does money flow in four sector economy? Illustrate with the help of diagram.

05.
(a) Define elasticity of Deamnd.
(b)If Q=300-3p-0.2p2 and p=30
find out the elasticity of demand.

06.When in money neutral in the Keynesian system? Explain mathematically as well as graphically.

07.Professor Andrei Anikin believes that Adam Smith would have agreed with the statement by Gorbachev and Ryzhkov . Does that mean that market and command economies have any similar deficiencies?

08.In the light of recent experiences asses the arguments for and against public ownership?

[QUOTE=asifmalik24;820831]Economics CCE 2013
Dated:13th April 2015

Attempt any Six Questions.

01. Discuss how the following changes would affect the natural (frictional) rate of unemployment:
(a) Elimination of unions
(b)Increased participation of teenagers in labor market
(c)larger fluctuation in the level of aggregate demand
(d)Increase in employment benefits
(e)Elimination of minimum wages
(f)Larger fluctuations in the composition of aggregate demand

02.What costs are associated with perfectly anticipated inflation? Do these changes as rate of inflation changes.

03.Explain the relationship between Income , Consumption and Saving. define also their importance in the Economic Development of a country?

04.How does money flow in four sector economy? Illustrate with the help of diagram.

05.
(a) Define elasticity of Deamnd.
(b)If Q=300-3p-0.2p2 and p=30
find out the elasticity of demand.

06.When in money neutral in the Keynesian system? Explain mathematically as well as graphically.

07.Professor Andrei Anikin believes that Adam Smith would have agreed with the statement by Gorbachev and Ryzhkov . Does that mean that market and command economies have any similar deficiencies?

08.In the light of recent experiences asses the arguments for and against public ownership?[/QUOTE]
@asifmalik24
can i have your contct no plz? cell no? email etc?

Paper was looking easy to attempt,but difficult to write.I guess most candidates about 45 in all will fail this paper.For my,I just attempted five questions of 1,2,3,7 nd 8th.

q5,b
answer

=-3(30/150) =-0.6
confirm please......

I attempted all 6 question
Conceptual paper and questions like this only requires what actually is asked lenghty answers are not required

I am also working as Lecturer Economics , i consulted my teacher he told an easy paper was this.

@TheInnovator

i posted it but i think admins deleted it , you can find my email address in my profile

[QUOTE=asifmalik24;822999]@TheInnovator

i posted it but i think admins deleted it , you can find my email address in my profile[/QUOTE]
@asfmalik.you may also post your contact no in your profile

@admn. please dont delete contact no.its urgent

paper was very difficult i have ever seen in history of pcs. it was out of trend. previously, paper followed pattern of k.k.dewett and pakistani authors but this time they have shifted to foreing authors. average candidate expected the previous pattern. this sudden change on part of spsc made it difficult for us to handle the paper.

Exactly Paper was out of trend and at first question paper baffled me but then i gathered myself and solved it as best i can but i think i have done 80%.paper like this does not fecth good score

I was so much confident becuase of the paper was always set from K.K Dewitt but this time it made a huge change which was perplexing . my personal view this type of paper is set by the professors who are not confident among themselves and just want to entrap the candidates . This paper is not the creative piece from anyone but it is stolen exact question from different books.

q no 7
[url]https://books.google.com/books?id=cV0EZuJxod8C&pg=PA24&lpg=PA24&dq=Professor+Andrei+Anikin&source=bl&ots=_7LdD7sxlp&sig=dJOSRkRxt3rwM2XLGSEqU44hp1g&hl=en&sa=X&ei=z_o9VeWEKsO4ggSxsoCwBA&ved=0CCoQ6AEwAQ#v=onepage&q=Professor%20Andrei%20Anikin&f=false[/url]

Q no 1 and taken from this website
[url]https://quizlet.com/22667411/unemployment-and-inflation-flash-cards/[/url]

[url]https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&cad=rja&uact=8&ved=0CE8QFjAI&url=http%3A%2F%2Fmypage.iu.edu%2F~tanf%2FCourses%2FE202%2FExercises%2FExercise%25202_solution.docx&ei=GQU-VaH0BMargwSfyYDYBA&usg=AFQjCNF5LRSUXF8kTGrSvlgtDDqrw8cPTQ&sig2=OIxRj-7PtvKYB7MLPOCdLw[/url]

q no 2 exercise 6.12

[url]https://books.google.com/books?id=W0K-W7y3ylEC&pg=SA6-PA6&lpg=SA6-PA6&dq=What+costs+are+associated+with+perfectly+anticipated+inflation?+Do+these+changes+as+rate+of+inflation+changes.&source=bl&ots=2MUYrDD4lj&sig=JX8iq2EW_VnN8Gj9YoU3oQl70ac&hl=en&sa=X&ei=GQU-VaH0BMargwSfyYDYBA&ved=0CCoQ6AEwAQ#v=onepage&q=What%20costs%20are%20associated%20with%20perfectly%20anticipated%20inflation%3F%20Do%20these%20changes%20as%20rate%20of%20inflation%20changes.&f=false[/url]

Q no 4
[url]https://books.google.com/books?id=I2SI8eB3qL8C&pg=PA34&lpg=PA34&dq=.How+does+money+flow+in+four+sector+economy?+Illustrate+with+the+help+of+diagram.&source=bl&ots=aKrkKUuoQ8&sig=MqQ2sIZaebBqka_iaUFfGubV7EA&hl=en&sa=X&ei=twk-VZeSKMHbgwTs0YP4Aw&ved=0CFMQ6AEwCQ#v=onepage&q=.How%20does%20money%20flow%20in%20four%20sector%20economy%3F%20Illustrate%20with%20the%20help%20of%20diagram.&f=false[/url]
or
[url]https://books.google.com/books?id=DyrqBToCDgQC&pg=PA142&lpg=PA142&dq=.How+does+money+flow+in+four+sector+economy?+Illustrate+with+the+help+of+diagram.&source=bl&ots=I7Ja364I7E&sig=zaOvor9qJuk5xpWBX_bLSe7M4yg&hl=en&sa=X&ei=twk-VZeSKMHbgwTs0YP4Aw&ved=0CDMQ6AEwAw#v=onepage&q=.How%20does%20money%20flow%20in%20four%20sector%20economy%3F%20Illustrate%20with%20the%20help%20of%20diagram.&f=false[/url]

[QUOTE=asifmalik24;823524]Exactly Paper was out of trend and at first question paper baffled me but then i gathered myself and solved it as best i can but i think i have done 80%.paper like this does not fecth good score

I was so much confident becuase of the paper was always set from K.K Dewitt but this time it made a huge change which was perplexing . my personal view this type of paper is set by the professors who are not confident among themselves and just want to entrap the candidates . This paper is not the creative piece from anyone but it is stolen exact question from different books.

q no 7
[url]https://books.google.com/books?id=cV0EZuJxod8C&pg=PA24&lpg=PA24&dq=Professor+Andrei+Anikin&source=bl&ots=_7LdD7sxlp&sig=dJOSRkRxt3rwM2XLGSEqU44hp1g&hl=en&sa=X&ei=z_o9VeWEKsO4ggSxsoCwBA&ved=0CCoQ6AEwAQ#v=onepage&q=Professor%20Andrei%20Anikin&f=false[/url]

Q no 1 and taken from this website
[url]https://quizlet.com/22667411/unemployment-and-inflation-flash-cards/[/url]

[url]https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=9&cad=rja&uact=8&ved=0CE8QFjAI&url=http%3A%2F%2Fmypage.iu.edu%2F~tanf%2FCourses%2FE202%2FExercises%2FExercise%25202_solution.docx&ei=GQU-VaH0BMargwSfyYDYBA&usg=AFQjCNF5LRSUXF8kTGrSvlgtDDqrw8cPTQ&sig2=OIxRj-7PtvKYB7MLPOCdLw[/url]

q no 2 exercise 6.12

[url]https://books.google.com/books?id=W0K-W7y3ylEC&pg=SA6-PA6&lpg=SA6-PA6&dq=What+costs+are+associated+with+perfectly+anticipated+inflation?+Do+these+changes+as+rate+of+inflation+changes.&source=bl&ots=2MUYrDD4lj&sig=JX8iq2EW_VnN8Gj9YoU3oQl70ac&hl=en&sa=X&ei=GQU-VaH0BMargwSfyYDYBA&ved=0CCoQ6AEwAQ#v=onepage&q=What%20costs%20are%20associated%20with%20perfectly%20anticipated%20inflation%3F%20Do%20these%20changes%20as%20rate%20of%20inflation%20changes.&f=false[/url]

Q no 4
[url]https://books.google.com/books?id=I2SI8eB3qL8C&pg=PA34&lpg=PA34&dq=.How+does+money+flow+in+four+sector+economy?+Illustrate+with+the+help+of+diagram.&source=bl&ots=aKrkKUuoQ8&sig=MqQ2sIZaebBqka_iaUFfGubV7EA&hl=en&sa=X&ei=twk-VZeSKMHbgwTs0YP4Aw&ved=0CFMQ6AEwCQ#v=onepage&q=.How%20does%20money%20flow%20in%20four%20sector%20economy%3F%20Illustrate%20with%20the%20help%20of%20diagram.&f=false[/url]
or
[url]https://books.google.com/books?id=DyrqBToCDgQC&pg=PA142&lpg=PA142&dq=.How+does+money+flow+in+four+sector+economy?+Illustrate+with+the+help+of+diagram.&source=bl&ots=I7Ja364I7E&sig=zaOvor9qJuk5xpWBX_bLSe7M4yg&hl=en&sa=X&ei=twk-VZeSKMHbgwTs0YP4Aw&ved=0CDMQ6AEwAw#v=onepage&q=.How%20does%20money%20flow%20in%20four%20sector%20economy%3F%20Illustrate%20with%20the%20help%20of%20diagram.&f=false[/url][/QUOTE]
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