Economic Principles And Micro Economics: 

1. Define basic economic contents.
2. Discuss the production possibility frontier and its relevance to the concept of opportunity cost for different economic analysis. 
3. Discuss features of planned, mixed, market economy and Islamic economic system. 
4. Discuss law of demand. 
5. Discuss law of supply.
6. Discuss market equilibrium and its dynamics. 
7. Discuss elasticity of demand and supply.
8. Describe basic concepts of firm’s costs and revenue.
9. Discuss short and long-run equilibrium of firms under perfect competition, imperfect competition, monopoly, monopolistic competition and oligopoly.  

Macro Economics - Basic Concepts:

1. Discuss measurement of national income, nominal and real gross domestic product, gross national product, net national product, personal income and disposable personal income per capita. 
2. Explain the functions of consumption, saving and investment. 
3. Explain multiplier and accelerator principle. 
4. Discuss the different phases of the business cycle and the indicators 

Economic Policies and Trends: 

1. Discuss nature and objectives of taxation.
2. Discuss kinds and objectives of fiscal policy.
3. State key features of Pakistan’s prevailing fiscal budget.
4. Discuss the concepts associated with money and banking.
5. Define the functions of a central bank and the role of the State Bank of Pakistan. 
6. Define monetary policy and its objectives.
7. Discuss inflation, its causes, measurement and impact. 
8. State unemployment and its types.
9. Discuss interest rate determination and its trends in Pakistan.
10. Discuss the balance of payment and trade and their trends in Pakistan.
11. Discuss exchange rate determination and its impact on the balance of payments of a country.