Objectives of Fiscal Policy Economic Growth The basic objective of fiscal policy is to promote economic growth in the economy. In all countries, whether...
Q. Briefly discuss the concept of Pareto efficiency. (3 marks) Pareto efficiency, or Pareto optimality, is an economic state where resources cannot be...
Q. Write down the functions of commercial banks. (3 marks) Ans. The main functions of commercial banks are: Receiving of Deposits: Advancing loans: Collection...
“The Real Price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it.”
Adam Smith
Adam Smith (1723-1790) Adam Smith was a philosopher and economist who is best known for his classic work “An Inquiry into the Nature and Causes of the Wealth...
“An imbalance between rich and poor is the oldest and most fatal ailment of all republics.”
Plutarch, Greek Historian.
“It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.”...
“The man who comes up with a means for doing or producing almost anything better, faster or more economically has his future and his fortune at his...
“The most valuable of all capital is that invested in human beings”
Alfred Marshall
“The more I studied economic science, the smaller appeared the knowledge which I had of it in proportion to the knowledge I needed; and now, at the end...
Importance of Statistics Here we discuss the Importance and Limitations of Statistics. Statistics and planning: Statistics in indispensable into planning in...
Meaning Of Statistics Individuals view Statistics in many different ways. Generally, it is considered to be a subject that deals with percentages, charts...
Economics B.A./B.Sc. Economics-II Total Mark: 100 Macroeconomics and Economic Development of Pakistan: 100 Marks (Syllabi and Courses of Reading)...
Economics B.A./B.Sc. Economics-I Total Mark: 100 Basic Mathematics and Microeconomics: 100 Marks (Syllabi and...
Paper 4. STATISTICS FOR ECONOMISTS Topic 1: Introduction Descriptive and inferential statistics; Variable and constant, population and sample...
Introduction to Pakistan Economy Q.1: Write down the names of Kharif crops. Ans: Kharif crops include rice, sugarcane, cotton, Maize, long, March...
International Trade Q.1: What is meant by domestic trade? Ans: The trade that takes place between the individuals living in the same country is called...
Money Q.1: Define money in the words of Professor Crowther. Ans: Anything which is generally accepted as a medium of exchange and performs functions of...
Paper 2. MACRO-ECONOMIC THEORY Note: Part A consists upon intermediate level material while in Part B advanced literature will be covered. Mathematical...
Paper 1. MICRO-ECONOMIC THEORY Part A: Topic 1: Introduction Microeconomics: Comparison with other Branches of Economics. An Overview of...
BALANCE OF PAYMENT: The balance of payment position of Pakistan remained unsatisfactory. Pakistan is a developing country. Which has to import industrial raw...
History: In the ancient time, man’s wants were limited so he was self-sufficient in his needs. He was able to arrange his food by hunting and gathering fruit...
1) Word of Economics has been derived from “Oikonomia” which is a word of the language? A) Italian B) Greek ...
Q.1: Define National Income in words of Professor Alfred Marshall. Ans: According to Marshall “The labor and capital of a country acting on its natural...
Q.1: What is meant by Public Finance? Ans: Public Finance can be defined as government revenue government expenditure government debt and its...
Economics New Paper Pattern for Short Question Punjab Educational Boards Intermediate Part – II (Short Questions) ...
SYLLABUS ECONOMICS INTERMEDIATE PART-I NATIONAL CURRICULUM Marks: 100 PART-I ...