AIOU Guess Paper Of Economics Analysis Code 522

AIOU Guess Paper Of Economics Analysis Code 522

ALLAMA IQBAL OPEN UNIVERSITY, ISLAMABAD

Course: Course Economics Analysis (Code522)

Guess Papers

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

a)      Extension and Rise in Demand

b)    Contraction and Fall in Demand

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

a)     Inflation and its types

b)    Vicious Circle of Poverty

c)     Balance of Payment

 

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

a)     Balance of Payments

b)    International trade theory

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

a)        World Bank

b)       GATT

25 Discuss the following terms:

a)      IMF

b)    GATT

 

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AIOU Guess Paper Of Economics Analysis Code 522