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Course Outline of Lecturer Economics For Service Commissions Test

The document outlines the course contents for lecturer economics for civil service exams. It will cover macroeconomics, microeconomics, development economics, international economics, monetary economics, public finance, managerial economics, and basics of statistics and econometrics. Specific topics within each subject will include national income accounting, money supply, interest rates, production functions, market structures, fiscal and monetary policy tools, exchange rates, tariffs and more. The course will be taught by Prof. Yasir Karim and will utilize textbooks such as Habib Ullah Vaseer part 1 and 2.

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Sheraz Ali Khan
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571 views

Course Outline of Lecturer Economics For Service Commissions Test

The document outlines the course contents for lecturer economics for civil service exams. It will cover macroeconomics, microeconomics, development economics, international economics, monetary economics, public finance, managerial economics, and basics of statistics and econometrics. Specific topics within each subject will include national income accounting, money supply, interest rates, production functions, market structures, fiscal and monetary policy tools, exchange rates, tariffs and more. The course will be taught by Prof. Yasir Karim and will utilize textbooks such as Habib Ullah Vaseer part 1 and 2.

Uploaded by

Sheraz Ali Khan
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Course Outline of Lecturer Economics for Service Commissions Test

Prof. Yasir karim


 Assistant Professor of Economics FDE Islamabad (FPSC)

 Former subject specialist Economics (PPSC)

 Former lecturer Punjab government (PPSC)

 Former lecturer Federal Model colleges (FPSC)

Contents to be followed

 Habib Ullah Vaseer (Part 1 and Part 2 All Exercises MCQ’s)

Master Level Subjects


 Macroeconomics
 Microeconomics
 Development Economics
 International Economics
 Managerial Economics
 Monetary Economics
 Public Finance
 Issue in Pak Economy
 Basics of Econometrics
 Basics of Statistics
 Basics of Islamic Economics

Monetary Economics
 Barter System
 Kinds of Money and Characteristics of Money
 Functions of Money
 Money Demand Theories
 Classical (Fisher transaction approach)
 Keyness
 Tobin Portfolio Approach
 Baumol’s Inventory Approach
 Friedman’s Theory
 Money Supply (Mo, M1, M2, M3 and M4)
 Money Multiplier Vs Deposit Multiplier
 Monetary Policy (Tools + Functions + Yield to maturity)
 Demand and Supply for Bonds
 Kinds of Interest rate (Real Vs Nominal compound)

Development Economics
 New Vs Old view of development Economics
 Three Core Values of development
 MDG’s and HDG’s
 Theories of Economic Growth (Rostow Stages, Harrod-Domar model, Lewis Big Push
VCO)
 Malthusian Population theory
 Demographic Transition Theory
 Poverty Gap, Head count ratio/Index, Absolute and Relative Poverty
 Lorenz Curve
 Gini Coefficient
 Rural Urban Migration Model
 Brain Drain
 Free rider problem

Macroeconomics
 National Income Accounting (Complete)
 Okun’s Law
 Classical Economics main Assumptions
 Vertical Aggregate Supply Reasons
 Aggregate Demand and QTM (Fisher Effect and Crowding out Effect)
 Classical Loanable Fund Theory
 Say’s Law of Market
 Multiplier Effect R/P with MPC (Marginal Properties of Consume)
 Liquidity Preferences Theory
 IS-LM Model Slopes + Shifting factors +Effectiveness of Fiscal and Monetary Specially
 Keynesian AD-AS Model determining and Shifting factors only
 Monetarist views (Monetarist IS-LM Shapes)
 Natural rate of Unemployment
 Philip Curve(SR and LR)
 Rational and Adaptive Expectations
 Business Cycles (Real Business Cycle Theory, Keynesian and Monetarist view,
Samuelson, Hicks view, Sunspot Theory)
From: Bachelor books + Robert E Mashial B.A/B.SC
 Types of Income (Relative Income + Permanent Income + Absolute Income)
 Investment and Types of Investment (Fixed Business + Residential Investment)
 Marginal Efficiency of Capital and Income (MEC and MEI)
 Solow Growth Model and Golden Rule

Microeconomics
Topics to be covered from Habib Ullah Vaseer Part 1
 Nature and Scope (Chap 1)
 Consumer Behaviour (Chap 2)
 Demand (Chap 4)
 Supply (Chap 5)
 Market Equilibrium (Chap 6)
 Production and production functions only (Factors of Production Functions) (Chap 7)
 Scale of Production and Law of return only (Increases/ Decreases/ Constant return of
scale, Large and small scale, Economies of scale) (Chap 11)
 Market and Revenue Analysis (Chap 12)
 Cost of production and Cost Curves (Chap 13)
 Max of Profit (Chap 14)
 Equilibrium of Firms, Perfect Competition and Monopoly (Chap 15)
 Pricing of factors of production and wages (Chap 16)
 Rent, Interest Rate, Profit (Types of Rent, Interest Rate, Profit and Wages/ Rent Theory
like Ricardo/ Interest rate Theory) (Chap 17) Important Topics

Public Finance
 Tax structure
 Types of tax
 Tax to GDP ratio
 Current Satistics about Taxes and Revenue
 Laffer curve
 Fiscal policy tools and objections

Managerial Economics
 Definition + Scope
 Relationship b/w AR, TR, MR and Elasticity
 Managerial decisions + Elasticities estimation and demand forcasting
 Quantitative and Qualitative Methods of demand
 Learning curves
 Operating Leverage
 Breakdown analysis
 Gam theory and Strategic, Behaviour, Person’s delima
 Price discrimination types
 Dumping + Types
 Transfer pricing, tying, bundling
 Two parts tariff
 Price Skimming
 Risk, certainty and certainty Standard alleviation as a measure of risk
 Capital Budgeting
 NPV and IRR (Net Present Value, Internal rate of return)
 Profitability Index
 Basiness of Mar’s (Predatory Pricing), Bain’s model, Baumol’s limit price model
International Economics
 Mercantilist view of trade
 Absolute and Comparative advantage
 Opportunities Cost theories
 Offer curves
 H-O (Heckscher-Ohlin) model
 H-O-S (Heckscher Ohlin Samuelson) model
 Stopler Samuelson Theorem
 Rybusznski Theorem, Product + Cycle + model + technological gap
 Leontief Paradox
 TOT (term of trade)
 Inter and Intra Industry trade
 Tariff (Specific and Advolence)
 Effective rate of production
 Import Quota
 Custom Union
 VER (Voluntary Export Restraint)
 Exchange rate types
 Hedging Speculation Arbitrage
 J-curve
 Marshal- Learner conditions
 PPP (Purchasing Power Parity)

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