ECO401 Economics Notes, MCQs & Assignments | Query Point Official

ECO401 ||| Economics

ECO401 – Economics provides a comprehensive understanding of economic principles, including microeconomics and macroeconomics. This course explains how individuals, firms, and governments make economic decisions under conditions of scarcity.

Course Introduction

Economics focuses on the study of production, distribution, and consumption of goods and services. Students learn about market mechanisms, national income, inflation, unemployment, and economic growth in both developed and developing economies.

Course Learning Objectives

• Understand basic economic concepts and terminology
• Analyze demand, supply, and market equilibrium
• Study consumer and producer behavior
• Understand macroeconomic indicators and policies
• Apply economic reasoning to real-world problems

Major Topics / Syllabus

• Introduction to Economics
• Demand, Supply, and Elasticity
• Consumer Behavior and Utility Analysis
• Production and Cost Analysis
• Market Structures
• National Income Accounting
• Inflation, Unemployment, and Poverty
• Fiscal and Monetary Policies
• Economic Growth and Development
• Role of Government in the Economy

Analytical & Practical Focus

• Economic decision-making analysis
• Understanding market behavior
• Policy impact evaluation
• Case studies on economic issues
• Graphical interpretation of economic models

Practice Areas

• MCQs based on economic concepts
• Short questions for theory clarity
• Long questions with analytical answers
• Numerical and graph-based problems
• Case-based economic analysis

Exam Preparation Tips

• Understand definitions and key concepts clearly
• Practice graphs and numerical questions
• Focus on differences between micro and macro economics
• Revise formulas and economic models
• Solve past papers and MCQs

ECO401 Economics MCQs

ECO401 Economics MCQs (click here)

ECO401 Economics Questions

ECO401 Economics Short & Long Questions (click here)

Assignment Questions

For Assignment Questions (click here)

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