Contents:

• Paper 1
• Q.1: Critically examine the elasticity of demand with reference to price of the commodity and income of the consumer.
• Q.2: What is consumer Equilibrium? How a consumer can be in equilibrium under ordinal approach?
• Q.3: Why we demand for Money? Explain each one of them.
• Q.4: What is National Income? Define and explain different concepts of National Income
• Q.5: Define the concept and methods of deficit financing. What are  the reasons for deficit financing in Pakistan?
• Q.6: What is meant by Expenditure growth? What are the reasons for deficit financing in Pakistan?
• Paper II:
• Q.1: Define economic development and economic growth. How can you differentiate between these two?
• Q.2: Explain the concept of economic planning and critically evaluate the planning experience in Pakistan.
• Q.3: Describe in detail the characteristics of Under / less developed countries.
• Q.4: Write a comprehensive note on WTO. Also describe its implications on LDC
• Q.5: Discuss the Agricultural Taxation in Pakistan. Do you support the Agriculture tax? Give Reasons.
• Q.6: Write a note on Social sector development in Pakistan.
• Q.7: Write a comprehensive note on Energy policy of Pakistan
• Short Notes:
• Consumer surplus
• Long run and short run cost curves
• Arguments in favour of protectionsism
• The Engel Curve
• Foreign Trade multiplier
• Income Consumption Curve
• Investment Multiplier
• IS-LM Equilibrium
• Law of Variable Proportions
• Marginal Efficiency of Capital
• Monopsony
• Nominal Real GDP
• Decomposition of Price Effect
• Phillips Curve
• Price Discrimination
• The Q theory of Investment
• Stagflation
• Tax Multiplier
• Tax revenue
• Liquidity premium
• Mathematical Economics