PPSC Syllabus for Economics Lecturer 2024 Sample Test Pattern

Punjab Public Service Commission PPSC announced the latest vacancies of Economics Lecturer jobs 2024. Aspirants have a master’s in Economics then they will be eligible to apply. PPSC accepts the online application. Then-candidate prepare their test online form this page. We provide all related subjects tests from this page. Applicants must read the syllabus of the Economics Lecturer job test before the test preparation. In this way, the applicants passing percentage will increase and the candidate will have a high percentage for the merit list. For more information read the complete page.

PPSC Economics Lecturer Jobs Test Syllabus

The Economics syllabus is 80% consist of Economics subject while 20% paper consists of General Knowledge subjects. The total marks of the paper are 100 and the total time is 90 minutes.

PPSC Economics 2024 Test Topics

PAPER – I
MICROECONOMICS

1. Microeconomics: Meaning of microeconomics. Choice, scarcity, and opportunity cost. Production Possibility frontier. Goals of microeconomic policy: efficiency and equity.
2. Market economy: Demand, Supply, and Price determination. Individual and market demand. Changes in demand. Individual and market supply. Changes in supply. Market equilibrium and impact of changes in demand and supply on market equilibrium. The elasticity of Supply and Demand. Point and Arc elasticity. Price, income, and cross elasticities. Application of the concept of elasticity.
3. The theory of Consumer Behaviour: Concept of utility and derivation of the demand curve. Cardinal and ordinal utility. Consumer’s Surplus. Indifference Curves and their shapes. The marginal rate of substitution and convexity of Indifference Curves. The budget constraint and the equilibrium of the consumer. Income-Consumption and the Engel’s Curve. Price- consumption and Demand curve. Income and Substitution effects of a price change, the Hicksian method, and the Slutsky method. Identification of normal goods, inferior goods, and Giffen goods.
4. The theory of Production: The concepts of production cost and profit. Production function. The law of variable proportions. Cost curves in the short run and in the long run. Choice of input mix. The principle of Substitution. Iso- quants, Iso-cost line, and the condition for cost minimization. The expansion path and returns to scale.Economies of scale. The very long run and the endogenous technical change.
5. Market structures and behavior of firms. Perfectly competitive markets. Assumptions of the model. The supply curve of a firm and industry in the short run. Short-run and the long-run equilibrium of the firm and industry. The shape of the long-run industry supply curve and the effect of changing technology. The allocative efficiency of perfect competition. Monopoly: Shape of the demand curve under monopoly. The elasticity of the demand curve and its implication for a monopolist. Short-run and long-run equilibrium. Price discrimination and its consequences. Analysis of price discrimination between markets. Dumping. Cartels as monopolies. The allocative inefficiency of monopoly. Comparison between perfect competition and monopoly.
   Imperfectly competitive market structures: Monopolistic competition. The concept of industry and group. Short-run and long-run equilibrium of a firm. Excess capacity. Comparison with perfect competition and monopoly. Oligopoly and its basic dilemma. Duopoly. Models of Non-collusive oligopoly: Cournot’s duopoly model, Chamberlain’s oligopoly model, Sweezy’s kinked demand model. Collusive Oligopoly. Cartels: Joint profit maximization and market sharing cartels. Price leadership models. Mergers.
6. The theory of Factor Pricing: Demand and Supply of inputs. Input demand in the short run and in the long run. The firm’s demand curve. The firm’s demand curve fora single variable input. The industry’s demand curve for an input. The elasticity of demand for inputs. The supply of inputs. Determination of price, quantity, and income of an input Monopsony.

PART II
MATHEMATICAL ECONOMICS.

1. Variables, Constants, and parameters. Relations and functions. Types of functions: algebraic and non-algebraic. Graphic representation of economic functions. Equations and identities, simultaneous equations. The solution of market models, income determination model, and IS-LM analysis.
2. Derivatives and their application in economics. Slope versus elasticity. Price, income, and cross elasticities of demand. Income determination, multipliers, and comparative statics. Optimization of economic functions. Constrained optimization in economics.

Recommended Books

1. Lipsey and Chrystal, Economics. 10th edition. Oxford University Press.
2. Koutsoyiannis, A., Modern Microeconomics, London, Macmillan.
3. Miller, E. and Mandala, G.S., Microeconomics Theory and Applications, McGraw-Hill International.
4. Chiang, A.C., Fundamental Methods of Mathematical Economics, McGraw Hill, Kogakusha, Ltd.
5. Dowling, E.T., Introduction to Mathematical Economics, Schum’s outlines.

Economics Test Topics

• Decision Making and Cost-Benefit Analysis
• Division of Labor and Specialization
• Economic Institutions
• Economic Systems
• Incentives
• Money
• Opportunity Cost
• Productive Resources
• Productivity
• Property Rights
• Scarcity
• Technology
• Trade, Exchange, and Interdependence

Eligibility of Economics Lecturer Post

• Master in Economics at least 2d division.
• Female age: 21-28 years age 08 years age relaxation.
• Male age: 21-28 years age 05 years age relaxation.
• Punjab Domicile.

Sample Paper

MCQs:

PPSC Syllabus for Economics Lecturer 2024 Sample Test Pattern

Question’s Answers

Guideline

1. Candidates who are interested and want to apply they must read the guideline carefully.
2. To apply for the PPSC Lecturer Jobs aspirants must fulfill the required eligibility criteria.
3. After meeting the eligibility individuals open the PPSC online portal through this site.
4. First, you open the PPSC official website and click the Apply Online button.
5. A new page will appear on the screen. You can select the desired job in this form.
6. The application form will open on the screen you just fill the application form correctly and click the fill the application form.
7. On the next page, you have to upload the photograph and CNIC front and Back image.
8. The photographs must be the size of 25KB. Otherwise, it will not be accepted.
9. Attach you complete documents required in the application and click the Apply Online button.
10. Open the PPSC website and scroll down until you find the challan form.
11. Download the challan form and take print of it.
12. Fill the challan form and submit it to the designated bank.
13. Bank Draft or Pay Order or Cheque or any such instrument will not be accepted as fee by the Commission.
14. After submitting the challan fee you will get the Original Receipt which will be submitted at the time of interview/viva voce.
15. Medical Fitness Certificate issued by the Medical Superintendent District Head Quarters Hospital or Services Hospital is required.

Interview Questions

Q: Tell me about yourself?

Q: Are you applying for other jobs?

Q: What experience do you have in this field?

Q: How would your friends and family describe you as a person?

Q: Why did you leave your last job?

Q: Tell me about your weaknesses?

Q: Why do you want to work for this organization?

Q: What do you know about this organization?

Q: What have you done to improve yourself in the last year?

Q: What kind of supervision brings out the best in you?