Note: Each Question Carries 20 Marks. Total Number of Questions are 8. You have to attempt 5, You can leave three questions on choice. Sometimes Question No.1 Consists of Short Answer, While Question No. 8 is a Numerical of Cost and Revenue Functions, Such as Average and Marginal Costs and Their slopes.
Most Important Areas of Syllabus are :
Micro Economics Introduction To Micro and Macroeconomics Consumption Behavior: Law of Equi marginal , Law of Diminishing Utility, Indifference Curves Demand & Supply: Price Elasticity of Demand and its measurement. Production: Law of variable proportions Factors of Production Costs of Production: Fixed, Variable, Total, Average and Marginal. Market: Competition, Monopoly and Monopolistic, Competition, Oligopoly, Duopoly (Basic Concepts). Factor Pricing: Rent, Interest
Macro Economics National Income: Measurement of National Income, Difficulties in Measurement. Public Finance: Kinds of Taxes and Cannons of Taxation. Economics in Islam: Economic role of State in Islam, Zakat and Usher. Mathematical Economics: Differentiation of functions.