PPSC Upcoming Lecturer Economics Test Preparation Notes

  1. Polulation theory Malthus-
  2. Labour planning-
  3. Labour welfare does not include= health, edu, home, and quick promotion
  4. Micro economics refers to individual unit
  5. Proportional tax is flat tax
  6. Most regressive is sales tax
  7. Capitalism refers to
  8. Per capita income formula national income divided by population
  9. Canon of equity social justice, porgressive tax, both a and b
  10. Index to measure inflation-CPI
  11. Propensity to consume
  12. Isoquant is convex to origin
  13. Inconsistent to notion of profit competition-
  14. Assumption indifference curve-
  15. Monopsony -one purchaser/buyer
  16. Law of demand
  17. Depreciation value-capital good
  18. Devaluation –official decrease in money
  19. Demand curve-ordinary good
  20. Difference between economic profit and account profit
  21. Central bank-not function: a) loan business and individual
  22. Money function-a) medium of exchange and store value
  23. Monetary policy- to supply money
  24. In marketing selling and buying: primary function
  25. Buyer market in which b) supply exceeds demand
  26. Transfer of payment:
  27. Normative economics