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	<description>The Free Educational resource for Pakistan and India</description>
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	<item>
		<title>B.COM I Economics 2007 (Regular)</title>
		<description><![CDATA[
			
				
			
		
B.COM I Economics
INSTRUCTIONS
Attempt FIVE questions selecting TWO from Micro Economics, TWO from Macro Economics and ONE from Economic System.
Marks are indicated against each question.
MICRO ECONOMICS
Q.1. Explain the concepts of Micro and Macro Economics and describe their importance in formulation of economics policies.
Q.2 (a). What is meant by consumer&#8217;s equilibrium? Explain consumer&#8217;s equilibrium with the help of indifference curve approach.
Q.2 (b). Describe the characteristics of indifference curve.
Q.3 (a). Distinguish between Monopoly and Perfect Competition.
Q.3 (b). Explain with the help of diagrams the short run equilibrium of a firm under Perfect Competition.
Q.4. ...]]></description>
		<link>http://www.guesspapers.net/6956/b-com-i-economics-2007-regular/</link>
			</item>
	<item>
		<title>B.COM I Economics 2007 (Private)</title>
		<description><![CDATA[
			
				
			
		
B.COM I Economics
INSTRUCTIONS
Attempt FIVE questions selecting TWO from Micro Economics, TWO from Macro Economics and ONE from Economic System.
Marks are indicated against each question.
MICRO ECONOMICS
Q.1 (a). Define Price Elasticity of Demand.
Q.1 (b). Distinguish between
i. Price Elasticity of Demand
ii. Income Elasticity of Demand
iii. Gross Elasticity of Demand
Q.2 (a). Discuss consumer&#8217;s equilibrium with the help of indifference Curve Technique.
Q.2 (b). Explain the effect of a change in income of a Consumer on Consumer&#8217;s equilibrium.
Q.3 (a). Define the characteristics of perfect competition.
Q.3 (b). Explain with the help of diagrams short run the equilibrium ...]]></description>
		<link>http://www.guesspapers.net/6953/b-com-i-economics-2007-private/</link>
			</item>
	<item>
		<title>B.COM I Economics 2006 (Regular)</title>
		<description><![CDATA[
			
				
			
		
B.COM I Economics
INSTRUCTIONS
Attempt FIVE questions selecting TWO from Micro Economics, TWO from Macro Economics and ONE from Economic System.
Marks are indicated against each question.
MICRO ECONOMICS
Q.1 (a). What is the difference between Law of Demand and Elasticity of Demand? (08)
Q.1 (b). Differentiate between (12)
i. Cross Elasticity of Demand
ii. Price Elasticity of Demand
iii. Income Elasticity of Demand
Q.2. Differentiate between the following (20)
i. Indifference Curve and ISO-Product Curve.
ii. Consumer&#8217;s Budget Line and ISO-cost line.
iii. Income Consumption Curve and Expansion Path Curve.
iv. Price Consumption Curve and Factor Price Curve.
Q.3. Examine the effects of changes ...]]></description>
		<link>http://www.guesspapers.net/6950/b-com-i-economics-2006-regular/</link>
			</item>
	<item>
		<title>B.COM I Economics 2006 (Private)</title>
		<description><![CDATA[
			
				
			
		
B.COM I Economics
INSTRUCTIONS
Attempt FIVE questions selecting TWO from Micro Economics, TWO from Macro Economics and ONE from Economic System. Marks are indicated against each question.
MICRO ECONOMICS
Q.1 (a). What is meant by Elasticity of Demand? Explain its various kinds. (10)
Q.1 (b). Describe the concept of Point and AVC Elasticity of Demand. (10)
Q.2. Discuss consumer&#8217;s equilibrium with the help of indifference curve Technique. (20)
Q.3 (a). Define the following terms: (10)
i. Market
ii. Perfect Competition Market
iii. Monopoly
iv. Oligopoly
v. Monopolitic Competition
Q.3 (b). Explain short run Equilibrium of a firm under Monopoly. (Use Diagram). (10)
Q.4. Write short ...]]></description>
		<link>http://www.guesspapers.net/6947/b-com-i-economics-2006-private/</link>
			</item>
	<item>
		<title>B.COM I Economics 2005 (Regular)</title>
		<description><![CDATA[
			
				
			
		
B.COM I Economics 
INSTRUCTIONS
Attempt any FIVE questions. Selecting TWO from Micro Economics, TWO from Macro Economics and ONE from Economic System. Marks are indicated against each questions.
MICRO ECONOMICS
Q.1. &#8220;The change in Relative Prices alone leads to SUBSTITUTION EFFECT real income of the Consumer remaining the same&#8221;. Explain with the help of indifference Curves Technique. (20)
Q.2. What is &#8220;Least Cost Combination of factors&#8221;? How the Least Cost Factor Combination is achieved in terms of ISO QUANT graph? Explain. (20)
Q.3 (a). Differentiate between PURE COMPETITION and PERFECT COMPETITION. (08)
Q.3 (b). Under what conditions ...]]></description>
		<link>http://www.guesspapers.net/6944/b-com-i-economics-2005-regular/</link>
			</item>
	<item>
		<title>B.COM I Economics 2005 (Private)</title>
		<description><![CDATA[
			
				
			
		
B.COM I Economics
INSTRUCTIONS
Attempt any FIVE questions. Selecting TWO from Micro Economic, TWO from Macro Economics and ONE from Economics System.
MICRO ECONOMICS
Q.1 (a). &#8220;Economics is the science of scarcity and choice. Elucidate.
Q.1 (b). Explain Micro and Macro approach to the Economic Analysis.
Q.2 (a). Explain why Consumer&#8217;s Indifference Curves have
i. Negative Slopes
ii. Do not intersect
iii. Convex to the origin
Q.2 (b). &#8220;How does a consumer achieve Equilibrium&#8221;? Explain with the help of Indifference Curves Technique.
Q.3 (a). Distinguish between Monopoly and Monopolistic Competition.
Q.3 (b). Explain with the help of diagrams the determination of short ...]]></description>
		<link>http://www.guesspapers.net/6941/b-com-i-economics-2005-private/</link>
			</item>
	<item>
		<title>B.COM I Economics 2004 (Regular)</title>
		<description><![CDATA[
			
				
			
		
B.COM I Economics
INSTRUCTIONS
Attempt any FIVE questions. Selecting TWO from Micro Economic, TWO from Macro Economics and ONE from Economics System.
MICRO ECONOMICS
Q.1 (a). Distinguish between Micro and Macro approach to economic analysis. (12)
Q.1 (b). Discuss the need for combing the two approaches. (08)
Q.2. &#8220;Price Effect is the combination of Income Effect and Substitution Effect&#8221;. Explain the illustrate. (20)
Q.3 (a). Compare Monopoly with Monopolistic Competition. (08)
Q.3 (b). Explain with the help of diagram the short-run equilibrium a firm under Monopolistic Competition. (12)
Q.4. Write short notes on any TWO of the following: (20)
1. ...]]></description>
		<link>http://www.guesspapers.net/6938/b-com-i-economics-2004-regular/</link>
			</item>
	<item>
		<title>B.COM I Economics 2004 (Private)</title>
		<description><![CDATA[
			
				
			
		
B.COM I Economics 
INSTRUCTIONS
Attempt any FIVE questions. Selecting TWO from Micro Economic, TWO from Macro Economics and ONE from Economics System.
MICRO ECONOMICS
Q.1 (a). Define Price Elasticity of Demand. (08)
Q.1 (b). How is it measured? Explain (12)
Q.2 (a). Explain Law of Diminishing marginal returns with the help of schedule and diagrams. (14)
Q.2 (b). Why is it especially applicable in the field of agriculture? (06)
Q.3 (a). What is meant by Firms equilibrium? (06)
Q.3 (b). Explain with the help of diagrams of Short run equilibrium of a firm under Perfect Competition. (14)
Q.4. Write ...]]></description>
		<link>http://www.guesspapers.net/6935/b-com-i-economics-2004-private/</link>
			</item>
	<item>
		<title>B.COM I Economics 2003 (Regular)</title>
		<description><![CDATA[
			
				
			
		
B.COM I Economics
INSTRUCTIONS
Attempt any FIVE questions. Selecting TWO from Micro Economic, TWO from Macro Economics and ONE from Economics System.
MICRO ECONOMICS
Q.1 (a). Explain the concept of Elasticity of Demand. (08)
Q.1 (b). Differentiate between. (12)
i. Price Elasticity of Demand
ii. Income Elasticity of Demand
iii. Cross Elasticity of Demand.
Q.2 (a). What is meant by Firm&#8217;s Equilibrium? (05)
Q.2 (b). Explain with the help of diagrams the Short Run Equilibrium of a Firm under Perfect Competition. (15)
Q.3. &#8220;Laws of Returns are merely the converse of the Laws of Costs&#8221;? Elucidate. (20)
Q.4. Write notes on any ...]]></description>
		<link>http://www.guesspapers.net/6932/b-com-i-economics-2003-regular/</link>
			</item>
	<item>
		<title>B.COM I Economics 2003 (Private)</title>
		<description><![CDATA[
			
				
			
		
B. COM I Economics 
INSTRUCTIONS
Attempt any FIVE questions. Selecting TWO from Micro Economic, TWO from Macro Economics and ONE from Economics System.
MICRO ECONOMICS
Q.1 (a). Explain the concept of Elasticity of Demand. (08)
Q.1 (b). Differentiate between. (12)
i. Price Elasticity of Demand
ii. Income Elasticity of Demand
iii. Cross Elasticity of Demand.
Q.2 (a). What is meant by Firm&#8217;s Equilibrium? (05)
Q.2 (b). Explain with the help of diagrams the Short Run Equilibrium of a Firm under Perfect Competition. (15)
Q.3. &#8220;Laws of Returns are merely the converse of the Laws of Costs&#8221;? Elucidate. (20)
Q.4. Write notes ...]]></description>
		<link>http://www.guesspapers.net/6929/b-com-i-economics-2003-private/</link>
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