Assignment GDB Solution: ECO401 Economics

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ECO401 Assignment 1 Solution Spring 2018

The Case: Agriculture is an important sector of Pakistan’s economy. This sector directly supports the country’s population and accounts for 26 percent of gross domestic product (GDP). The major agricultural crops include cotton, wheat, rice, sugarcane, fruits and vegetables. The annual sugarcane output has averaged around 74m tones in the last four years, according to […]

ECO401 GDB Solution Spring 2018

ECONOMICS (ECO401) Dear Students! This is to inform that Graded Discussion Board (GDB) will be opened on January 16, 2018 for discussion and last date for posting your discussion will be January 22, 2018. Topic/Area for Discussion “Cost Analysis in production and Market Structures” Short Demo: If you want to know how to attempt a […]

ECO401 GDB Solution Spring 2017

Question Title How can a monopolist retain its monopoly? Question Description The Case: Fatima Group is a large group of trading and manufacturing in Pakistan. It was established in 1936. This group started its business with trading of commodities and with the passage of time it has been converted into manufacturing. This group is doing […]

ECO401 Economics Assignment 1 Solution Spring 2014

The Case: The socialist market economy of China is the world’s second largest economy by nominal GDP and by Purchasing Power Parity (PPP) after the United States. It is the world’s fastest-growing major economy, with growth rates averaging 10% over the past 30 years. China is also the largest exporter and second largest importer of goods […]

ECO401 Economics GDB Solution Spring 2014

The Case: From an economic viewpoint, internet is the opponent of high prices and high profit margins. By greatly expanding the scope of the market, the internet effectively eradicates geographic boundaries, transactional costs and price competition especially for easily transported goods and services. For example, in the pre-internet era, a person looking for a car had to visit the local market or a well-known […]

ECO401 Economics GDB Solution Fall 2013

Containing inflation is not easy and stabilizing prices of essential food items is even more difficult. In Pakistan, effective monitoring of food prices is nowhere in sight. Repeated warnings by officials against profiteering fall on deaf ears.  When supplies are disrupted, prices move up. Food inflation peaked in FY11 to 18% against aggregate CPI inflation of 13.7% […]

ECO401 Economics Assignment 1 Solution Fall 2013

  CASE 01: The local sports goods manufacturing industry is one of the major source of foreign exchange earnings of Pakistan. At present, there are more than 2000 units of sports goods, mostly on small scale in operation, with an installed capacity of Rs.20 billion per annum. These units are operating on single-shift basis. However, due to increased competition […]

ECO401 Economics GDB Solution Spring 2013

Under competitive market structure, price is determined by the forces of demand and supply. If the market is not competitive then government intervention is required to settle the prices. Pharmaceutical industry is one of the fastest growing industries in Pakistan dealing with health business.  The market of prescription medicine is not very competitive because the company holds patent for a medicine and has […]

ECO401 Economics Assignment 2 Solution Spring 2013

The Case: Norway has the second highest GDP per-capita and enjoys fourth highest GDP per capita (in terms of Purchasing power (PPP)) in the world. Norway is considered the second wealthiest country in the world in monetary value. It has largest capital reserve per capita of any nation. The standard of living in Norway is among the highest in the world. Unemployment rate  in […]