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M.A./lVf.Sc. Part - I Annual Exam - 2019 aa aaa a aaooata a a oa

Subject: Economics Prper: I (Microeconomic Th*ty) Time: 3 Hrs Mark: lfi)

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NOTE: AfrenEt any FO(IR questions. All questions carry equal mark* stuilent mrut fol'low the
nndih Vircion of ie qu*tians Piper. Urda Translation is prnided only tor aiklitional
help to understand the questions.

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Explain the concept of MRTS L,K both diagrammatically and mathematically? (1 s)
Q.l.(a)
, (b) Explain lndirect Utility Function? (1 0)

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Q.2.(a) Explain main features of modern Theory of cost?
(b) Derive Marginal Rate of substitution (MRSx,y) mathematically? (12%)

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Q.3. Using Kinked demand curve Hypothesis, explain price stability in a Oligopolistic (2s)
market?

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Q.4. Explain Cournot Model of Non Collusive Oligopoly with the help of Reaction
Curves?

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Q.5. How a firm can minimize its cost of production by using two inputs (Labor and (lzyr)
capital) for producing a particular level of outpu! explain with the help of (12%)
diagram and mathematics.

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Q.6. Derive Market Demand curve for Labor under perfect competition, when firm
using several variable inputs in the process ofproduction?

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Q.7. Write comprehensive notes on any TWO of the followings: 02%)

a) Bergson Criteria of Social Welfare 02%)
b) Multi-Plant Monopolist Firm
c) Slutsky Theorem

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Subject: Economics Paper: II (Macroeconomic Theory) Time: 3 Hrs. Marks: 100

Note: Attempt any FOUR questions. Scientifrc Calculator is allowed

Q No: I Explain the Neo-Classical Growth model and show how stable equilibrium is achieved in
an Economy. 25
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(b) Discuss its role regarding the level of investnent in the econo my.
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Q No: 3 (a) Explain sources of Demand pull and cost pull inflation. 12ll
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(b) What are their policy irnplicatiohs? LU J:
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Q No: 4 (a) Explain the present value criterion of investmerit.

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(b) How is it hetpful in determining the level of investment in the economy2 25

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(a) Find the Equilibrium Level of consumption and
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balance oftrade'
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of foreign trademultiplier
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1200?
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Q No: 6 (a) What labor demand? 15
(b) How is the MpL curve related to production function and
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of the following in
ionomy with fixed exchange rate, rtto* th;effect
Munctell F laming Model'
(a) An increase in money supply 12lj

(b) An increase in Govt. expenditure ' ntl

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& UNIVERSITY Of,'THE PUNJAB :'-'--.""""""' :

g M.A./M.Sc. Part-I AnnualExsm-2ol9 :..l9llllo..;';:';:':'i:':'i..:
Economics) Hrs' Marks: 100
:-.+Economics
SubJect: Paper: V (Ishmic Time:3

NATE: Afrempt any FIW qaestions. All questions carry equal ma rs'
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e.l . Discuss the Islamic values of Equality and explain the role of Equality in all (2s)
EconomicSpheres'
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behaves in an Islamic Economy to earn profit? (1,2Yr)

Q.2.(a) How a monopolist
How rewards of factors of production are determined in Islamic Economics? (12%)
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Q.3.(a) What is Social Security system of Islamic 02%)

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Q.4. Discuss the concept of Zakat and elaborate the Fronomic, implication of
detail.

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Q.5.(a) What is Islamic concept of saving & Investrnent? Discuss in detail. (r2%)
(b) What are the Islamic tools to dilute concentration of wealth? Discuss in detail. (12%)
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Q.6.(a) Dilate upon Islamization of Banking sector of Pakistan. (12%)
(b) What is the role of Fiscal policy in Islamic Economics? (lzYr)
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Q.7.(a) Explain Islamic view about international economic institutions in detail. (l2t/r)
(b) Elaborate the Islamic views about Globalization in detail. (12%)

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& UNMRSITY OF THE PUNJAB :"""""""""":
g M.A./llr.Sc. Part-I AnnualExam-2ol9 i.litl]*.";;;:';:';';:':';..!
Sriject: Economics paper: yI (Major Issues in Prkistrn Economy) Time: 3 Hrs. Markg: 50

NOTE: Answer THREE questions in all including question # 1 which is compalsory.

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Discuss the problems of Agricultural sector in Pakistan. (8)
Q.1.(a) (7)
(b) Suggest suitable steps to remove these impending factors.

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Q.2. (a) Discuss any three measures of unemployment in context of Pakistan.
(7)
(b) Discuss the resource mobilization techniques and its impact in Pakistan.
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Discuss the green revolution in Pakistan and examine its impact on Pakistan Economy.
(1 s)
Q.3.
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Q.4. Write detailed note on hvo of the following topics:
a) Measures to combat trade deficit in Pakistan
b) Human DeveloPment Index
.i Discuss WTO and examine the impact on the economy of Pakistan.
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