Economics AS-Level P-2 Topical Unsolved

600.00

Book Code : 149
Number of Pages : 260
Author : Imran Latif
Language : English
Publishers : Read and Write Publications

 

Categories: ,

Description

TABLE OF CONTENTS
SECTION B (ESSAYS)
UNIT 1: BASIC ECONOMIC IDEAS………………………………………………………………………………………………………… 8
1.1 SCARCITY ……………………………………………………………………………………………………………………………………… 8
1.2 EFFECT OF GROWTH AND TRADE ON SCARCITY …………………………………………………………………………………………… 9
1.3 SHIFTS OF PPC ……………………………………………………………………………………………………………………………… 9
1.4 USES OF PPC ……………………………………………………………………………………………………………………………….. 11
1.5 SLOPE OF PPC ………………………………………………………………………………………………………………………………. 13
1.6 CLASSIFICATION OF GOODS AND SERVICES ……………………………………………………………………………………………… 14
1.7 BASIC ECONOMIC QUESTIONS ……………………………………………………………………………………………………………. 22
1.8 ECONOMIC SYSTEMS ………………………………………………………………………………………………………………………. 23
1.9 CONTRIBUTION OF FACTORS OF PRODUCTION …………………………………………………………………………………………. 28
UNIT 2: D/S & EQUILIBRIUM ……………………………………………………………………………………………………………. 32
2.1 DETERMINANTS OF DEMAND …………………………………………………………………………………………………………….. 32
2.2 EQUILIBRIUM AND CHANGES IN EQUILIBRIUM ………………………………………………………………………………………….. 32
2.3 FUNCTIONS OF PRICE………………………………………………………………………………………………………………………. 35
UNIT 3: ELASTICITY ………………………………………………………………………………………………………………………… 38
3.1 TYPES OF ELASTICITY ………………………………………………………………………………………………………………………. 38
3.2 PRACTICAL USES OF ELASTICITY …………………………………………………………………………………………………………… 41
3.3 DETERMINANTS OF PED & PES …………………………………………………………………………………………………………. 47
UNIT 4: ROLE OF GOVERNMENT IN MICRO-ECONOMY ………………………………………………………………………… 54
4.1 CONSUMER SURPLUS ……………………………………………………………………………………………………………………… 54
4.2 ROLE OF GOVT. IN PRICE MECHANISM ………………………………………………………………………………………………….. 55
UNIT 5: AGGREGATE DEMAND (AD) & AGGREGATE SUPPLY (AS) …………………………………………………………… 64
5.1 AD & AS …………………………………………………………………………………………………………………………………… 64
UNIT 6: MONEY & INFLATION ………………………………………………………………………………………………………….. 66
6.1 FUNCTION OR CHARACTERISTICS OF MONEY ……………………………………………………………………………………………. 66
6.2 DIVISION OF LABOUR ……………………………………………………………………………………………………………………… 67
6.3 CAUSES OF INFLATION …………………………………………………………………………………………………………………….. 69
6.4 EFFECTS OF INFLATION ……………………………………………………………………………………………………………………. 74
6.5 EFFECTS OF INFLATION ON FUNCTIONS OF MONEY …………………………………………………………………………………….. 78
6.6 MEASUREMENT OF INFLATION …………………………………………………………………………………………………………… 79
6.7 PROBLEMS OF MEASUREMENT OF INFLATION ………………………………………………………………………………………….. 80
UNIT 7: INTERNATIONAL TRADE ………………………………………………………………………………………………………. 84
7.1 THEORY OF ABSOLUTE & COMPARATIVE ADVANTAGE…………………………………………………………………………………. 84
7.2 LIMITATIONS OF THEORY OF ABSOLUTE & COMPARATIVE ADVANTAGE ……………………………………………………………… 86
7.3 OBSTACLES OF INTERNATIONAL TRADE ………………………………………………………………………………………………….. 88
7.4 MEANING & CHANGES IN TERMS OF TRADE …………………………………………………………………………………………… 88
7.5 EFFECTS OF CHANGES IN TERMS OF TRADE ……………………………………………………………………………………………… 89
7.6 METHODS OF PROTECTIONISM …………………………………………………………………………………………………………… 91
7.7 ADVANTAGES & DISADVANTAGES OF PROTECTIONISM ……………………………………………………………………………….. 92
7.8 INTERNATIONAL ECONOMIC INTEGRATION ……………………………………………………………………………………………… 94
5
UNIT 8: EXCHANGE RATE ………………………………………………………………………………………………………………… 98
8.1 DETERMINATION OF EXCHANGE RATE …………………………………………………………………………………………………… 98
8.2 CAUSES OF EXCHANGE RATE DEPRECIATION & APPRECIATION ……………………………………………………………………….. 98
8.3 EFFECTS OF EXCHANGE RATE DEPRECIATION & APPRECIATION …………………………………………………………………….. 100
8.4 ADVANTAGES & DISADVANTAGES OF EXCHANGE RATE SYSTEMS ………………………………………………………………….. 103
UNIT 9: BALANCE OF PAYMENT ……………………………………………………………………………………………………… 106
9.1 BALANCE OF PAYMENTS ACCOUNTS……………………………………………………………………………………………………. 106
9.2 CAUSES OF BALANCE OF PAYMENTS DISEQUILIBRIUM ……………………………………………………………………………… 106
9.3 EFFECTS OF BALANCE OF PAYMENTS DISEQUILIBRIUM ………………………………………………………………………………. 107
UNIT:10 GOVT INTERVENTION IN A MACRO-ECONOMY ……………………………………………………………………… 110
10.1 TYPES OF MACROECONOMIC POLICIES ………………………………………………………………………………………………… 110
10.2 POLICIES FOR BALANCE OF CURRENT ACCOUNT DEFICIT …………………………………………………………………………….. 112
10.3 POLICIES TO CORRECT DEMAND-PULL INFLATION…………………………………………………………………………………….. 115
1: D/S/EQUILIBRIUM & ELASTICITY …………………………………………………………………………………………………….. 118
MARCH 2016/P22/Q1 …………………………………………………………………………………………………………………………… 118
NOVEMBER 2015/P21/Q1 ………………………………………………………………………………………………………………………. 120
JUNE 2015/P21/Q1 ………………………………………………………………………………………………………………………………. 123
NOVEMBER 2014/P23/Q1 ………………………………………………………………………………………………………………………. 126
NOVEMBER 2014/P21/Q1 ………………………………………………………………………………………………………………………. 129
JUNE 2013/P23/Q1 ……………………………………………………………………………………………………………………………… 132
JUNE 2013/P22/Q1 ……………………………………………………………………………………………………………………………… 135
NOVEMBER 2012/P23/Q1 ………………………………………………………………………………………………………………………. 137
NOVEMBER 2012/P22/Q1 ………………………………………………………………………………………………………………………. 139
NOVEMBER 2012/P21/Q1 ………………………………………………………………………………………………………………………. 141
NOV 2011/P23/Q1……………………………………………………………………………………………………………………………….. 143
NOV 2011/P21/Q1……………………………………………………………………………………………………………………………….. 145
JUNE 2011/P21/Q1 ………………………………………………………………………………………………………………………………. 147
JUNE 2010/P23/Q1 ………………………………………………………………………………………………………………………………. 149
JUNE 2010/P21/Q1 ………………………………………………………………………………………………………………………………. 151
NOV 2009/P21/Q1……………………………………………………………………………………………………………………………….. 153
NOV 2008/P2/Q1…………………………………………………………………………………………………………………………………. 155
NOV 2006/P2/Q1…………………………………………………………………………………………………………………………………. 157
JUNE 2005/P2/Q1 ………………………………………………………………………………………………………………………………… 159
NOV 2003/Q1 ……………………………………………………………………………………………………………………………………… 161
2: MONEY & INFLATION ……………………………………………………………………………………………………………………. 163
NOVEMBER 2017/P22/Q1 ………………………………………………………………………………………………………………………. 163
JUNE 2017/P23/Q1 ………………………………………………………………………………………………………………………………. 165
JUNE 2015/P23/Q1 ………………………………………………………………………………………………………………………………. 167
NOVEMBER 2013/P22/Q1 ………………………………………………………………………………………………………………………. 170
NOVEMBER 2013/P21/Q1 ………………………………………………………………………………………………………………………. 172
JUNE 2012/P21/Q1 ………………………………………………………………………………………………………………………………. 174
NOV 2009/P22/Q1……………………………………………………………………………………………………………………………….. 176
JUNE 2004/P2/Q1 ………………………………………………………………………………………………………………………………… 178
3: INTERNATIONAL ECONOMY …………………………………………………………………………………………………………… 180
NOVEMBER 2017/P21/Q1 ………………………………………………………………………………………………………………………. 180
JUNE 2017/P22/Q1 ………………………………………………………………………………………………………………………………. 183
JUNE 2017/P21/Q1 ………………………………………………………………………………………………………………………………. 185
JUNE 2016/P23/Q1 ………………………………………………………………………………………………………………………………. 188
JUNE 2016/P22/Q1 ………………………………………………………………………………………………………………………………. 191
JUNE 2016/P21/Q1 ………………………………………………………………………………………………………………………………. 194
NOVEMBER 2015/P23/Q1 ………………………………………………………………………………………………………………………. 196
NOVEMBER 2015/P22/Q1 ………………………………………………………………………………………………………………………. 199
JUNE 2015/P22/Q1 ………………………………………………………………………………………………………………………………. 202
NOVEMBER 2014/P22/Q1 ………………………………………………………………………………………………………………………. 205
JUNE 2014/P22/Q1 ………………………………………………………………………………………………………………………………. 207
JUNE 2014/P21/Q1 ………………………………………………………………………………………………………………………………. 210
NOVEMBER 2013/P23/Q1 ………………………………………………………………………………………………………………………. 213
JUNE 2013/P21/Q1 ……………………………………………………………………………………………………………………………… 215
JUNE 2012/P23/Q1 ………………………………………………………………………………………………………………………………. 217
JUNE 2012/P22/Q1 ………………………………………………………………………………………………………………………………. 219
NOV 2011/P22/Q1……………………………………………………………………………………………………………………………….. 221
JUNE 2011/P23/Q1 ………………………………………………………………………………………………………………………………. 223
JUNE 2011/P22/Q1 ………………………………………………………………………………………………………………………………. 225
NOV 2010/P22/Q1……………………………………………………………………………………………………………………………….. 227
JUNE 2009/P2/Q1 ………………………………………………………………………………………………………………………………… 229
JUNE 2008/P2/Q1 ………………………………………………………………………………………………………………………………… 231
NOV 2007/P2/Q1…………………………………………………………………………………………………………………………………. 233
JUNE 2006/P2/Q1 ………………………………………………………………………………………………………………………………… 236
NOV 2005/P2/Q1…………………………………………………………………………………………………………………………………. 238
NOV 2004/P2/Q1…………………………………………………………………………………………………………………………………. 240
JUNE 2003/P2/Q1 ………………………………………………………………………………………………………………………………… 242

Reviews

There are no reviews yet.

Be the first to review “Economics AS-Level P-2 Topical Unsolved”

Your email address will not be published. Required fields are marked *