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

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

www.bit.ly/vucodes

+ Link For Assignments, GDBs & Online Quizzes Solution

www.bit.ly/papersvu

+ Link For Past Papers, Solved MCQs, Short Notes & More

Information

ECO401 Economics

ECO401 Economics.Download/upload Video Lectures, Handouts, Helping Materials, Assignments Solution, Online Quizzes, GDB, Past Papers, Solved Papers and more….

Members: 1323
Latest Activity: 17 hours ago

Discussion Forum

ECO401 Online Quiz No 01 Fall 2019 Solution Discussion

Started by + M.Tariq Malik. Last reply by + M.Tariq Malik 17 hours ago. 3 Replies

EOC401 GDB Spring 2019 Solution & Discussion

Started by + M.Tariq Malik. Last reply by Mughees Qadir Jul 24. 10 Replies

GDB

Started by salman Jan 25. 0 Replies

ECO401 - Economics 1st GDB January 2019

Started by Dua BSCS Complete 2019. Last reply by Muhammad shakeel Jan 28. 2 Replies

Eco401 quiz 1

Started by ALI RAZA. Last reply by M Uzair Azhar May 10, 2018. 3 Replies

GDB (answers required)

Started by Mrs. Rashid. Last reply by Laraib raja Jan 22, 2018. 13 Replies

GDB dated 16 january to 22 january 2018

Started by shifa arshad. Last reply by + M.Tariq Malik Jan 21, 2018. 9 Replies

10 Latest Featured Discussion >>> (For Old? View All Featured Discussions.)

Loading… Loading feed

Comment Wall

Comment

You need to be a member of ECO401 Economics to add comments!

Comment by Muhammad Hanan Sarfraz on Thursday
Hello...Any student of ECO 401 please contact me....I need some help regarding studies...
My WhatsApp +966598605187

Thanks
Comment by Psychology student on June 21, 2019 at 3:45pm

Past papers bhej de koi eco 401 ka

Comment by Eisha on March 29, 2019 at 10:23pm

salam 

Comment by MUHAMMAD SHERAZ SHOUKAT on November 15, 2018 at 6:05pm
How can i join the groups send me details
Comment by Ali Raza on July 18, 2018 at 9:12am
Comment by + "αяsαℓ " Ќąƶµяɨ •" on April 10, 2017 at 9:23am

Welcome to Spring 2017

 

ECONOMICS (ECO401)

On behalf of “Virtual University of Pakistan” we warmly welcome to all of you enrolled in the course “ECONOMICS ECO401”. This is always an exciting and inspirational time as we welcome new students to our departments and university. We hope that you will enjoy by learning concepts of Economics, and find it useful in implementing its knowledge for the understanding of all kind of economic issues.

  • This subject demands your full concentration in each lecture. We recommend that if you properly listen to all lectures, read text books & handouts, consult the reference books and go through newspaper regularly then not only you can fulfill the objectives of this course but you can generate good inferences as well. We are always here to help you in this regard.
  • In this course your knowledge will be tested through quizzes, graded discussion boards (GDB), Assignments, mid-term and final term examinations. All the testing instruments will not only test your knowledge but also provide you the opportunity to face the challenges in the practical life ahead. You can only benefit from the test instruments if you attempt them by using your own skills.
  • You are advised to regularly read news-paper and watch intellectuals and experts’ discussions on TV for remaining alert, and understanding of recent burning issues of industry and economy.
  • To excel in the course and have better grades, you are supposed to be self-responsible and regular in your studies. Furthermore, you are advised to:

Ø  Do follow the lecture schedule strictly and remain updated with it.

Ø  Keep visiting VULMS regularly. It will provide you the complete guidance throughout the semester regarding various activities i.e. assignments, quizzes, GDBs etc.

Ø  Do explore VULMS to get advantage of all the available resources i.e.  FAQs, glossary and additional reading material.

Ø  Do not hesitate to use “Moderated Discussion Board (MDB)” to post your lecture related queries. Do not post messages/comments on this interface.

Ø  Attempt the quizzes and assignments with in stipulated time.

In this course your knowledge will be tested through quizzes, graded discussion boards (GDB), Assignments, mid-term and final term examinations. All these activities will not only assess your knowledge regarding contents of the course but also provide you the opportunity to interact with your peer group. You can only benefit from semester activities if you attempt them by using your own skills.

For other queries, comments and discussions send your emails to eco401@vu.edu.pk

Be proactive and work hard. We are always here to guide you and mentor you in all type of issues in which you required guidance.

"Wishing You Best of Luck for the Semester" 

Comment by madihamanzoor on December 28, 2015 at 11:30pm
Good
Comment by anu anum on November 24, 2015 at 5:50pm

ECO401 plzzz Show the market equilibrium condition graphically.

Comment by maheen on August 28, 2015 at 1:39pm

thanks 

Comment by Muhammad Sajjad Hussain on June 29, 2015 at 6:21pm

How to Calculate Price Elasticity of Demand (PED)

price x quantity = total revenue

9 x 2 = 18
8 x 3 = 24


%change in quantity / %change in price = PED


how to calculate % change

new - old / old

1) % change in quantity

3-2/2 = 50

2) % change in price

8-9/9 = -11.11

50/11.11 = 4.5 (elastic)


elasticity


when PED > 1 then elastic
when =1 then unit elastic
when <1 then inelastic

Now consider over university quiz.

When the price of petrol rises by 12%, the quantity of petrol purchased falls by 8%. This shows that the demand for petrol is:

%change in quantity / %change in price = PED

8/12=0.66

result < 1

Answer: inelastic

 

Members (1323)

 
 
 

Latest Activity

Profile IconAini MCS and Muskan dia joined + M.Tariq Malik's group
4 minutes ago
mahi ahsan replied to + "Jɨyą's discussion CS501 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 12-11-2019 in the group CS501 Advance Computer Architecture
17 minutes ago
rehmak liked + M.Tariq Malik's discussion CS619 Final Project Fall 2019 - My Travel Expenses Manager Android App
17 minutes ago
Mani Siddiqui BS VIII posted a status
"عشق وه علمِ ریاضی ھے که جس میں فارس.. دو سے جب ایک نکالیں تو صفر بچتا ھے"
20 minutes ago
+***piya o ry piya***+ replied to + "Jɨyą's discussion What are u gOod at....... :v
24 minutes ago
+***piya o ry piya***+ liked + "Jɨyą's discussion What are u gOod at....... :v
25 minutes ago
Mani Siddiqui BS VIII replied to ayesha's discussion CS614 Assignment NO.1 Fall 2019 Solution&Discussion Due date: 14 Nov 2019 in the group CS614 Data Warehousing
25 minutes ago
Mani Siddiqui BS VIII joined + M.Tariq Malik's group
25 minutes ago
Mani Siddiqui BS VIII joined + M.Tariq Malik's group
27 minutes ago
++Killing Joke++ updated their profile
42 minutes ago
Aakash Ahmed replied to +¢αяєℓєѕѕ gιяℓ's discussion CS408 - Human Computer Interaction Assignment No.1 Semester: Fall 2019 in the group CS408 Human Computer Interaction
1 hour ago
Profile IconAakash Ahmed and Preçîõûš joined + M.Tariq Malik's group
1 hour ago
+ Abb@s replied to + !! SARAH's discussion mne hassan ko mne kbhi nhi manga dua me ,..<3 love love hassan to azal se mera he na..!!
1 hour ago
+ Abb@s replied to + !! SARAH's discussion mne hassan ko mne kbhi nhi manga dua me ,..<3 love love hassan to azal se mera he na..!!
1 hour ago
Maham Rafiq and Muhammad Hussnain Hafeez are now friends
1 hour ago
roshan khetran liked + M.Tariq Malik's group ISL201 Islamic Studies
1 hour ago
Bilal Chaudhary replied to + M.Tariq Malik's discussion CS603 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 11-11-2019 in the group CS603 Software Architecture and Design
1 hour ago
Bilal Chaudhary joined + M.Tariq Malik's group
1 hour ago
pakeeza fatima liked + M.Tariq Malik's discussion MGT101 Assignment No 01 Fall 2019 Solution & Discussion Due Date: 13-11-2019
1 hour ago
+ "αяsαℓ " Ќąƶµяɨ •" replied to + M.Tariq Malik's discussion MGT301 Principles of Marketing Assignment No 01 Fall 2019 Solution & Discussion in the group MGT301 Principles of Marketing
1 hour ago

Today Top Members 

© 2019   Created by + M.Tariq Malik.   Powered by

Promote Us  |  Report an Issue  |  Privacy Policy  |  Terms of Service