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- Important questions or guess paper of Principles of Economics for I COM english for examination 2012
Posted by : Ahsan Khan Wednesday, 15 February 2012
IMPORTANT QUESTIONS FOR EXAMINATION 2012.
I. COM. (PART 1) 2010-11
RECOMMENDED BOOK: PRINCIPLES OF ECONOMICS AUTHOR: AHSAN KHAN
(0300-8046243) (firstname.lastname@example.org) (www.ahsankhaneco.blogspot.com)
Discuss the Definition of Adam Smith in Detail with its Characteristics and Criticism?
Make comparison between Marshall and Robbins definitions of economics?
What are economic laws? Describe the features of economic laws.
What is the importance of studying economics?
Explain the Law of Demand with its Assumptions. Also Illustrate it by Schedule and Graph?
Explain the Concept of Elasticity of Demand. How the Elasticity of Demand is Measured?
What are the Various Types of Elasticity of Demand?
Define the Law of Supply and Explain it with the help of Table and Graph?
Differentiate between the Extension & Rise in Supply and Contraction & Fall in Supply?
Explain the equilibrium of demand and supply with the help of schedule and diagram?
Explain the law of diminishing marginal utility with the help of schedule and diagram?
Explain the law of equi-marginal utility. What are its limitations and practical importance?
Explain and Illustrate the Cost Curves of the firm in the Short Run and Long Run?
Explain the law of diminishing (marginal) return with the help of schedule and diagram?
Explain the laws of cost with the help of schedule and diagram?
Define perfect competition. Explain equilibrium of the firm in the short run and long run.
Define monopoly. How price and output is determined under monopoly in the short run and long run.
Explain the marginal productivity theory with its criticism?
Define National Income and Discuss the Various Concepts of National Income?
What are the Methods of Measuring/Accounting National Income?
What is inflation? Discuss its causes and measures.
What is deflation? Explain its causes and measures to control.
Critically examine quantity theory of money?
Define trade cycle or business cycle. Also explain the phases of trade cycle?
Define economic or business cycle? Explain its various theories.
What is the role of foreign trade in economic development of Pakistan?
Describe the various canons OR principles of taxation?
What is tax? Discuss various types of taxation?
What is the difference between Zakat and Tax?
Explain the meaning of Zakat and usher. Also discuss the impact of Zakat on the economy?