Assignment GDB Solution: ECO401 Economics


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 […]

ECO401 Economics GDB 1 Solution Spring 2013

The case: According to the record of NADRA, there are over 3.8 million potential taxpayers in Pakistan but only 0.8 million people filed tax returns in the last year 2012. In the recent budget 2013-14, Finance Minister, Ishaq Dar aimed to bring those people who are not paying taxes into the tax net by enhancing the tax machinery efficiency, removing anomalies, simplifying tax […]

ECO401 Economics Assignment 1 Solution Spring 2013

The case: 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, mostly on small scale in operation, with an installed capacity of Rs.20 billion per annum. The units are operating on single-shift basis. Sports goods worth US$261.148 million were exported in the year 2012. The industry enjoys a low markup rate […]