ADC/B.Com-I: Past Papers Economics
ADC-I: Economics Analysis & Policy
Syllabus
SECTION “A” (40 Marks)
1. INTRODUCTION Basic concepts, Definition, Micro and Macro approach to Economic analysis.
2. CONSUMER’S BEHAVIOUR ANALYSIS
a) Demand, function and functional equations of Demand.
b) Elasticity of Demand, Significance, Methods of Measurement and its kinds.
c) Consumer’s Equilibrium – Cardinal and Ordinal approaches.
3. THEORY OF PRODUCTION
a) Factors of Production and their relative importance.
b) Firm and Industry.
c) Laws of Returns and Returns to Scale.
d) Production function – ISO – quants and ISO – Cost Curves.
e) Least cost factor combination.
f) Production possibility curve.
4. MARKET
a) Definition and brief classification.
5. FIRM’S COST AND REVENUE ANALYSIS
6. PRICE AND OUTPUT DETERMINATION OF A FIRM AND
INDUSTRY UNDER:
a) Perfect competition.
b) Monopoly.
c) Oligopoly.
d) Monopolistic competition.
MACRO ECONOMICS (PART B) (40 MARKS)
1. NATIONAL INCOME
a) Definition, concepts and its significance.
b) Methods of computing National Income.
c) DETERMINANTS OF NATIONAL INCOME.
i. Consumption and consumption function, its determinants, Keynesian psychological law of consumption.
ii. Saving, propensity to save and factors determining saving.
iii. Investment-Meaning, kinds and its determinants – MEC and rate of interest.
d. Cross-Section analysis and time series analysis of consumption.
2. DETERMINATION OF INCOME & EMPLOYMENT
a. Meaning of Full Employment.
b. Kinds of un-employment.
c. Determination of Equilibrium level of National Income.
d. Keynesian theory of Income and Employment.
e. Inflationary and Deflationary gap.
f. Multiplier Doctrine, Acceleration Principle and Interaction of Multiplier and Acceleration.
3. TRADE CYCLES
4. MONETARY POLICY AND FISCAL POLICY
ECONOMIC SYSTEMS (PART C ) (20 MARKS)
a. Definition.
b. Central Problems of an Economy
c. Different Economic Systems – Capitalism, Socialisum Mixed Economy and Islamic Economic System – Their merits and demerits and Criticism.
d. Comparative Study of Different Economic Systems.
NOTE: Two questions are to be attempted from Micro and Macro Economics each and one from Economic Systems.
Economics Analysis & Policy
B.Com Part - I (Unsolved Past Papers)
University of Karachi has converted B.Com into ADC (Associate Degree in Commerce) under the instructions of HEC (Higher Education Commission). From 2022, B.Com is considered as ADC. Course outline, duration, examination system and all other things remain same. Just degree has been converted into certificate. The students who registered as B.Com, can complete their B.Com and will be termed as B.Com instead of ADC, but students who will take admission after 2022 will be considered as the students of ADC.
Economics Analysis & Policy
ADC Part - I (Unsolved Past Papers)
