The Professionals' Academy of Commerce

Pakistan’s Leading Accountancy Institute

INTRODUCTION TO ECONOMICS AND FINANCE
PAST PAPER ANALYSIS
by: MUHAMMAD MUBEEN JAVAID
PAST 2019 2018 2018 2017 2016 2015 2014
PAPER
CHAPTER SPRING AUTUMN SPRING AUTUMN SPRING AUTUMN SPRING AUTUMN SPRING AUTUMN
ANAL
YSIS Q M Q M Q M Q M Q M Q M Q M Q M Q M Q M
1(b) 4 1(a) 6 1(a) 4 1(b) 5 1(a) 3 1 10 1 6 1 6 1 7 3 8
4(a) 6 1(b) 3 1(b) 4 1(a) 3 4(a) 6 3 11
1 Fundamentals of economics 5(i) 1 5(i) 1 8(a) 8
1(b) 4

1(a) 4 5(iii) 1 2 11 4(a) 1 2(a) 6

2 Microeconomics
2(b) 5 4(b) 6 2(b) 4
5(iv) 1 2(a & b ) 4&2 2(b) 6 3 10 2 9 2 11 1 10
3 Demand and supply: elasticities
5(v) 1
2(a) 6 3(a & b) 2&8 2(a) 7 3 8 2 7 3 8
4 Utility analysis 3(a & b) 4&3 5(iv) 1
5(iii) 1
5(ii) 1 4(a & b) 7&3 3 6 4 8 4(b) 5 3 8 3 12 4 10 4 7 2 10
5 Costs, revenues and firms 5(ii) 1 4(a) 5 4 8 2 10 4 7
5(xiii) 1 4(b) 3
5(viii) 1 5(viii) 1 12(a) 4 7(a) 4 10(a) 3 6 10 6(a) 6
6 Macroeconomics: An introduction 11(b) 3 11(b) 3
12(a) 5
6(a) 4 5(ix) 1 8 10 6(b) 3 10(b) 7 8 10 6(b)&7 14 11 10
7 Consumption, savings and investment 6(b) 6 6(a) 8 6(a) 7 8(b) 2 6 10
11(a) 7
5(vi) 1 5(xv) 1 9 10 10 10 7 10
8 Multiplier and accelerator
11© 2
5(vii) 1 5(vii) 1 6 10 11(a) 6 11(b) 4 9(a) 4 12(b) 2 12(b) 7 8 10
5(ix) 1 8(a & b) 8&2 9(a) 4 11(b) 4 9(b) 3
5(x) 1 9(b) 6 9(b) 3
9 Growth and taxes
8(a) 6
8(b) 4
11(a) 5
10 Public finance 11(a) 6 6 10 8 10 9 10 12 10 12(b) 4
5(xi) 1 5(vi) 1 12(b) 6 7(b) 6 7(b) 5 10 10 8(a) 3 6(a) 6
5(xii) 1 5(x) 1 8(a) 6 7(a) 5 8(b) 3 6(b) 4
5(xiii) 1 5(xi) 1 10 10 9(b) 4
11&13 Money,Credit
7(a) 4 5(xii) 1 9© 2
7(b) 6 6(b) 2
9(a, b & c) 3, 4 & 3 11(b) 3
5(xiv) 1 10(a & b) 5 &5 10(a) 6 8(b) 4 6(a) 5 7(a) 2 12d&e 4 10(b) 7 10(a) 2 10(b&c) 4
12 Monetary policy 12(a) 5 10(b) 4 6(b) 5 7(b) 8 7(b) 4 10(b) 8 10(a) 6
7(a) 6 8© 4
10(a) 6 5(v) 1 7© 4 12(a) 6 12 10 12 10 11 10 11 10 9(a) 3 9 10
14 Balance of payments and trade 10(b) 4 7(a & b) 5&5 11 10 12(b) 4 9 10 12(a) 3 9(a) 7 7 10
12(b) 5 9(a & b) 4&6
5(xv) 1 5(xiv) 1 7(a) 3 9(a) 4 11 10 12© 2 10(a) 3 11 10
15 Financial markets 12(b) 5 7(b) 3