AIOU Guess Paper Of Economics Analysis Code 522

ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

Course: Course Economics Analysis (Code522)

Guess Papers

Q #Questions/Answers
1Write a note on the following:

a)      Extension and Rise in Demand

b)    Contraction and Fall in Demand

2Discuss perfect competition and monopoly in detail. Also provide the diagrammatic representation of price determination in both conditions.
3Discuss various methods to measure National Income of a country. Also distinguee between Gross National Income and Gross National Product.
4Define the following:

a)     Inflation and its types

b)    Vicious Circle of Poverty

c)     Balance of Payment

 

5What is indifferent curve and discuss the properties of indifference curve.
6Discuss Law of Demand in detail. Explain the Giffen paradox.
7Define Monetary policy. How state banks control money supply using this policy?
8Explain the concept of elasticity of demand and its types with an appropriate example and diagram.
9Describe production possibility frontier in detail.
10Describe the derivation of individual demand curve and the concept of consumer surplus.
11Explain the relationship between production and costs.
12Discuss monopoly with suitable examples in detail.
13Discuss factors of production and their pricing.
14Explain the concept of externalities and the need for government intervention in imperfectly competitive market conditions.
15Describe inflationary and deflationary gap.
16Discuss the following terms:

a)     Balance of Payments

b)    International trade theory

17Describe the law of increasing cost and diminishing return with suitable examples.
18Define marginal utility? Also explain law of diminishing marginal utility.
19What is fixed cost, variable cost and total cost? Explain with examples.
20Explain imperfect markets in detail.
21Define national income and explain the difficulties in measurement of national income.
22Explain the functions of Central bank and commercial banks.
23Describe the functions of relationship between inflation and unemployment.
24Discuss the following terms with examples:

a)        World Bank

b)       GATT

25Discuss the following terms:

a)      IMF

b)    GATT

 

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AIOU Guess Paper Of Economics Analysis Code 522