Stage 1Orientation0%
Understand the official syllabus, paper structure, marks and preparation resources.
Stage 2Foundation0%
Build the concepts, terminology and prerequisite knowledge needed for the subject.
Stage 3Official Syllabus Coverage0%
Cover every official FPSC topic in a practical sequence.
Stage 4Consolidation0%
Prepare short notes, comparisons, evidence, diagrams, facts, formulas or timelines.
Stage 5Exam Application0%
Apply knowledge through the paper-specific practice format.
Stage 6Past Papers0%
Attempt topic-wise and full-length past-paper practice.
Stage 7Revision and Mock Examination0%
Complete layered revision, weak-area review and a timed mock paper.
Paper 1 · 100 marks
Subject overview
equilibrium, Pricing of the factors of production
Micro Economics
Consumer behaviour, Determination of market demand and supply i.e. concept of elasticity of Demand & Supply, Static, Comparative Static Analysis, Distinction between
Macro Economics
Basic Economic Concepts, National Income Accounting, Consumption Function , Multiplier, Accelerator, Component of Aggregate Demand, Labour Demand and Supply, Un-Employment, Determination of equilibrium level of income and output (at least with reference to two or three “schools of thought”), Inflation.
Money and Banking
Functions of Money, Quantity Theory of Money, The Fisher and Cambridge Formulations, Systems of note issue, Credit Creation, Functions of Central Banks, Instruments of Credit Control, Distinction between Goals, Operational & Intermediate Target of Central Banks Policy, Concept of Reserves, Liquidity Premium, Term Structure of Intere st Rate, etc; Transmission Mechanisms of Monetary Policy, Theory of Liquidity Preference. TVM, Capital Structure, Capital Restructuring , IS -LM Analysis and The role of Central Bank, Money Demand and Supply.
Public Financing
Government expenditure, Sources of Government Revenue, Privatization, Taxes and non- taxes, Incidence of different taxes, Public Debt, Objectives, methods of repayment, Deficit financing, General Equilibrium Analysis, Welfare Economics, Fiscal Policy.
International Trade
Theories of comparative advantage and Factor Endowments, Trade & Growth, Colonialism, Imperialism and International Trade, Trade Restrictions, Economic Integration, Trade Policy, Balance of Payments, Foreign Exchange, International Monetary system, Custom Unions.
Economic Development
Concepts of development, Human development, Historical growth process and Development, Theories of development, structural issues of development, Income distribution and poverty, sectoral (agricultural, Industry, trade and fiancé) is sues and development, environment and development.
Paper 2 · 100 marks
Subject overview
(Economics of Pakistan)
Definition and Measurement of Development : Characteristics of under
development, rethinking on the concept of development: Growth vs. Redistributive justice, Absolute and Relative Poverty, Basic Needs Approach, Sustainable Development, Environmental Degradation & other Issues.
Planning Experience of Pakistan : A critical evaluation of the strategy of
economic planning, governance & Institutions.
Agricultural Development in Pakistan: Changes in Agricultural Policies over plan
periods, Major Monetary and Fiscal measures to promote Agricultural development, Green Revolution Strategy and its implications for growth and redistribution, Land Reforms and changes in the Tenure System 1950— 1980, Cooperative Farming, Rural Development.
Industrial Development in Pakistan : Early industrialization strategy,
Creation of Financial and Development Institutions, Major monetary and fiscal measures to promote industrial development, changing role of public sector over the plan periods, Evaluation of Nationalization Policy, Concentration of industrial income and wealth, Evaluation of Import Substitution Policy and Export led Growth Strategy in Pakistan.
Role of Foreign Trade and Aid in Economic Development : Trends in Pakistan’s
Balance of Payments, Terms of Trade, Changes in direction of trade, Trends in Pakistan’s major exports and imports, Causes of significant changes in the trends, the role of migration and remittances in Pakistan’s economy, costs and benefits of Foreign Aid, Role of Foreign Investment.
Privatization, Denationalization, Deregulation : conceptual and operational
aspects. International comparisons. Pakistan Experience of Privatization.
Interest Free Banking in Pakistan
Energy Policy of Pakistan
Social Sector Development in Pakistan
Major Issues in Pakistan Economy: Energy crisis, Corruption, Bad governance,
External debt accumulation and dependency, Unemployment, Income inequality, Inf lation, Fiscal and trade deficits, Balance of payment issues, Shortage of irrigation water.
- Suggested ReadingsA Text-book of Economics Theory Stonier & Hague
- Suggested ReadingsEconomic Development Todaro, M.P.
- Suggested ReadingsUnder Development and Agrarian Structure in Pakistan Khan, Mahmood Hassan
- Suggested ReadingsEconomic of Islam Ahmed, S.M.
- Suggested ReadingsEconomics Paul A. Samuleson
- Suggested ReadingsFactors in Economic Development Cairncross, A.K
- Suggested ReadingsForeign Aid Theory and Practice in Southern Asia Wolf, Jr. DC
- Suggested ReadingsGovernment Finance— An Economic Analysis Due John, F.
- Suggested ReadingsIntroduction to International Economics Snider, D.A, Paul Krugman, Donimich Salvatore
- Suggested ReadingsMicroeconomic Ferguson, C.E. & Gould, J.P., Nicholson, Mankiw
- Suggested ReadingsMacroeconomics Rudigar Dorubush and Stanley Fisher Blanchard
- Suggested ReadingsPopulation Problems Theompson & Lewis
- Suggested ReadingsStudies in Economic Development with Special Reference to Pakistan Ghouse, A.
- Suggested ReadingsHistory of International Trade Findlay, R and O’ Rourke, K
- Suggested ReadingsColonialism and Modernization Karl Marx Anchor books
- Suggested ReadingsOn Colonialism Karl Marx and Frederick Engels,
- Suggested ReadingsEconomic Survey of Pakistan Government Publication
My Subjects
Stage 1Orientation0%
Understand the official syllabus, paper structure, marks and preparation resources.
Stage 2Foundation0%
Build the concepts, terminology and prerequisite knowledge needed for the subject.
Stage 3Official Syllabus Coverage0%
Cover every official FPSC topic in a practical sequence.
Stage 4Consolidation0%
Prepare short notes, comparisons, evidence, diagrams, facts, formulas or timelines.
Stage 5Exam Application0%
Apply knowledge through the paper-specific practice format.
Stage 6Past Papers0%
Attempt topic-wise and full-length past-paper practice.
Stage 7Revision and Mock Examination0%
Complete layered revision, weak-area review and a timed mock paper.
Paper 1 · 100 marks
Subject overview
equilibrium, Pricing of the factors of production
Micro Economics
Consumer behaviour, Determination of market demand and supply i.e. concept of elasticity of Demand & Supply, Static, Comparative Static Analysis, Distinction between
Macro Economics
Basic Economic Concepts, National Income Accounting, Consumption Function , Multiplier, Accelerator, Component of Aggregate Demand, Labour Demand and Supply, Un-Employment, Determination of equilibrium level of income and output (at least with reference to two or three “schools of thought”), Inflation.
Money and Banking
Functions of Money, Quantity Theory of Money, The Fisher and Cambridge Formulations, Systems of note issue, Credit Creation, Functions of Central Banks, Instruments of Credit Control, Distinction between Goals, Operational & Intermediate Target of Central Banks Policy, Concept of Reserves, Liquidity Premium, Term Structure of Intere st Rate, etc; Transmission Mechanisms of Monetary Policy, Theory of Liquidity Preference. TVM, Capital Structure, Capital Restructuring , IS -LM Analysis and The role of Central Bank, Money Demand and Supply.
Public Financing
Government expenditure, Sources of Government Revenue, Privatization, Taxes and non- taxes, Incidence of different taxes, Public Debt, Objectives, methods of repayment, Deficit financing, General Equilibrium Analysis, Welfare Economics, Fiscal Policy.
International Trade
Theories of comparative advantage and Factor Endowments, Trade & Growth, Colonialism, Imperialism and International Trade, Trade Restrictions, Economic Integration, Trade Policy, Balance of Payments, Foreign Exchange, International Monetary system, Custom Unions.
Economic Development
Concepts of development, Human development, Historical growth process and Development, Theories of development, structural issues of development, Income distribution and poverty, sectoral (agricultural, Industry, trade and fiancé) is sues and development, environment and development.
Paper 2 · 100 marks
Subject overview
(Economics of Pakistan)
Definition and Measurement of Development : Characteristics of under
development, rethinking on the concept of development: Growth vs. Redistributive justice, Absolute and Relative Poverty, Basic Needs Approach, Sustainable Development, Environmental Degradation & other Issues.
Planning Experience of Pakistan : A critical evaluation of the strategy of
economic planning, governance & Institutions.
Agricultural Development in Pakistan: Changes in Agricultural Policies over plan
periods, Major Monetary and Fiscal measures to promote Agricultural development, Green Revolution Strategy and its implications for growth and redistribution, Land Reforms and changes in the Tenure System 1950— 1980, Cooperative Farming, Rural Development.
Industrial Development in Pakistan : Early industrialization strategy,
Creation of Financial and Development Institutions, Major monetary and fiscal measures to promote industrial development, changing role of public sector over the plan periods, Evaluation of Nationalization Policy, Concentration of industrial income and wealth, Evaluation of Import Substitution Policy and Export led Growth Strategy in Pakistan.
Role of Foreign Trade and Aid in Economic Development : Trends in Pakistan’s
Balance of Payments, Terms of Trade, Changes in direction of trade, Trends in Pakistan’s major exports and imports, Causes of significant changes in the trends, the role of migration and remittances in Pakistan’s economy, costs and benefits of Foreign Aid, Role of Foreign Investment.
Privatization, Denationalization, Deregulation : conceptual and operational
aspects. International comparisons. Pakistan Experience of Privatization.
Interest Free Banking in Pakistan
Energy Policy of Pakistan
Social Sector Development in Pakistan
Major Issues in Pakistan Economy: Energy crisis, Corruption, Bad governance,
External debt accumulation and dependency, Unemployment, Income inequality, Inf lation, Fiscal and trade deficits, Balance of payment issues, Shortage of irrigation water.
- Suggested ReadingsA Text-book of Economics Theory Stonier & Hague
- Suggested ReadingsEconomic Development Todaro, M.P.
- Suggested ReadingsUnder Development and Agrarian Structure in Pakistan Khan, Mahmood Hassan
- Suggested ReadingsEconomic of Islam Ahmed, S.M.
- Suggested ReadingsEconomics Paul A. Samuleson
- Suggested ReadingsFactors in Economic Development Cairncross, A.K
- Suggested ReadingsForeign Aid Theory and Practice in Southern Asia Wolf, Jr. DC
- Suggested ReadingsGovernment Finance— An Economic Analysis Due John, F.
- Suggested ReadingsIntroduction to International Economics Snider, D.A, Paul Krugman, Donimich Salvatore
- Suggested ReadingsMicroeconomic Ferguson, C.E. & Gould, J.P., Nicholson, Mankiw
- Suggested ReadingsMacroeconomics Rudigar Dorubush and Stanley Fisher Blanchard
- Suggested ReadingsPopulation Problems Theompson & Lewis
- Suggested ReadingsStudies in Economic Development with Special Reference to Pakistan Ghouse, A.
- Suggested ReadingsHistory of International Trade Findlay, R and O’ Rourke, K
- Suggested ReadingsColonialism and Modernization Karl Marx Anchor books
- Suggested ReadingsOn Colonialism Karl Marx and Frederick Engels,
- Suggested ReadingsEconomic Survey of Pakistan Government Publication