.... How to Find Your Subject Study Group & Join ....   .... Find Your Subject Study Group & Join ....

We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>

www.vustudents.ning.com

Study Groups By Subject code Wise (Click Below on your university link & Join Your Subject Group)

[ + VU Study Groups Subject Code Wise ]  [ + COMSATS Virtual Campus Study Groups Subject Code Wise ]

Looking For Something at vustudents.ning.com?Search Here

# Assignment NO.1 due date 23-11-2016

Aslamualikum.. dear students.

Views: 1828

Attachments:

# ECO402 - Microeconomics Assignment No. 1 Solution Fall 2016 Due Date: Nov 23, 2016

ECO402 - Microeconomics Assignment No. 1 Solution Fall 2016 Due Date: Nov 23, 2016

SEMESTER FALL 2016

MICROECONOMICS (ECO402)

ASSIGNMENT # 01

DUE DATE: 23TH NOVEMBER, 2016

MARKS: 15

The Case:

Role of Statistics is very important in planning, policymaking and research in the  modern  world.  Consumer Price Index  (CPI) is  recognized  as a

common indicator of general inflation.     In Pakistan, current CPI series cover

40 urban  centers of Pakistan.    The  current CPI covers 487  items  in the

basket of goods and services which represent taste, habits and customs of the people. Suppose we have only three items such as wheat, potato and petrol. Information about their nominal prices and consumer price index (CPI) from year 2012 to year 2014 is giver below:

 Year Nominal Price of wheat/10 kg CPI 2012 275.00 169.62 2013 356.50 212.47 2014 335.50 210.63 Year Nominal Price of Potato/kg CPI 2012 35.63 204.38 2013 52.16 295.14 2014 69.00 466.16 Year Nominal Price of Petrol/liter CPI 2012 103.42 193.27 2013 113.70 195.25 2014 104.10 187.14
Requirements:

Keeping in mind the above scenario, solve the following questions.

1. a.             By assuming 2012 as base year, find real price of wheat, potato and petrol in each year.
2. b.              If base year bundle have 10 kg wheat, 1 kg potato and 1 liter petrol than find Laspeyres index by assuming 2012 as base year and 2014

as current year.

Marks: (09+6)

IMPORTANT:

24 hours extra / grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

IMPORTANT I  NSTRUCTIONS

• Make sure to upload the solution file before the due date on VULMS.
•  Any submission made via email after the due date will not be accepted.

FORMATTING GUIDELINES:

• Use the font style “Times New Roman” or “Arial” and font size “12”.
•  You may also compose your assignment in Open Office format.
• Use black and blue font colors only.

RULES FOR MARKING :

• It is submitted after the due date.
•  The file you uploaded does not open or is corrupt.
•  It is in any format other than MS-Word or Open Office; e.g. Excel,

PowerPoint, PDF etc.

• It is cheated or copied from other students, internet, books, journals etc.

Dear students!

As you know that Pre Mid-Term semester activities have started and load shedding problem  is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience;  activity schedule  has  already been uploaded on VULMS for the  current semester,  therefore no excuse will be entertained after due date of assignments, quizzes or GDBs.

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

Q1 Solution. from my side i am sure thats correct. please discuss if u find any error.

Attachments:

absolutely perfect

Lespeyers method?

Ans of question A is correct...Where is the answer of Lespeyers method?

Did any body solve Lespeyers Method part plz disscussed

Did any body solve Lespeyers Method part plz disscussed

Any body tell that value of Lespyer index is correct or not

Attachments:

how you solved lespeyer index...please give me some idea?

hi, would you please share the formula to calculate "Laspeyres Index" ? as i got stuck into it.

## Forum Categorizes

Job's & Careers (Latest Jobs)

Scholarship (Latest Scholarships)

Internship (Latest Internships)

::::::::::: More Categorizes :::::::::::

## Latest Activity

Bushra updated their profile
25 minutes ago
1 hour ago
1 hour ago
1 hour ago
1 hour ago
+ Haxan BrO liked +" ᗩᗷᕮ-ᕮ-ᕼᗩYᗩT's discussion E!d spec!al ..!! <3
1 hour ago
Mehrosh joined + M.Tariq Malik's group

### PSY406 Educational Psychology

1 hour ago
Mehrosh joined + M.Tariq Malik's group

1 hour ago

1

✿, Pakistan