30 Questions
Which author wrote 'Managerial economics & business strategy'?
Michael R. Baye
In which edition was 'Principles of economies' by N. Gregory Mankiw published?
7th edition
Who is the author of 'Economics: Principles, Problems and Policies'?
Campell McConnell
Which book is associated with the authors Robbins and Coulter?
MANAGEMENT 14E
Who authored 'Horngren’s Cost Accounting: A Managerial Emphasis'?
S.M. Datar & M.V. Rajan
Which book is associated with Pearson Education?
Horngren’s Cost Accounting: A Managerial Emphasis
What is the code to join the class on MS Teams?
6enb6j1
What is the purpose of economic management activities?
To serve human interests and needs
What is the role of economic management?
Mobilize and allocate resources effectively
What is the difference between efficiency and effectiveness in economic management?
Efficiency is getting the most output for the least inputs, while effectiveness is attaining organizational goals
What are the methods of economic management?
Administrative method, Economic method, Educational method
Which tools are used in economic management?
Planning tools, Legislation tools, Economic policies, Material tools
What do economic policies include?
Tax, Price, Interest
What are the general requirements for applying economic management methods and tools?
Conduct analysis of the current state of the economy, evaluate the impact of selected methods and tools, determine the level of compatibility between management goals and used tools
What is the role of planning tools in economic management?
To create project schemes, plans, budgets, and strategies
What is the role of material tools in economic management?
To manage state information, infrastructure, national natural resources, and budget
What did Karl Marx view as the foundation and measure of political rationality?
Economics
What does the relationship between economics, culture, and politics entail?
Economics shaping political ideology
What does the nature of economic management involve?
Resource allocation and decision-making
What is the role of economic systems in the production and distribution of goods and services within a culture?
Managing resource allocation
What does the influence of cultural differences on economic decisions and reasoning emphasize?
Cultural factors in economic choices
What does the relative independence of politics and its impact on the economy suggest?
Economics shaping political decisions
What does the potential for traditional or natural assets to generate wealth through cultural heritage highlight?
Generation of wealth through cultural heritage
Which assessment component carries the highest weight?
Final test
What does sustainable economic development involve?
Social improvement and reasonable exploitation of natural resources
Which measure considers population changes in its calculation?
Per capita income
What does economic growth measure?
Increase in the economy's income over a certain period of time
What is the primary focus of economics?
Resource allocation
Which aspect does economic development combine?
Economic and social issues
What does Gross National Income (GNI) measure?
Total domestic and foreign value added
Study Notes
Assessment and Module Content
- The assessment criteria include attendance, participation, mid-term group work, in-class assignments, report and presentation, and a final test.
- The grading proportion scale is 10% for attendance and participation, 30% for mid-term group work, and 60% for the final test.
- The module content covers an overview of economics and economic management, economic management theories, economic management functions, and principles of economic management.
- Economics is defined as the study of how society manages its scarce resources, with a focus on decision-making and resource allocation.
- Economic development is the progress in all aspects of an economy, combining economic and social issues, and supporting business maintenance and expansion.
- Sustainable economic development involves stable economic growth, social improvement, justice, and reasonable exploitation of natural resources.
- Economic growth is defined as an increase in the economy's income over a certain period of time, measured by growth scale and speed.
- The evaluation of economic growth includes Gross Output (GO), Gross Domestic Product (GDP), Gross National Income (GNI), and per capita income.
- Gross Output (GO) measures total economic activity, GDP measures value added through production, and GNI measures total domestic and foreign value added.
- Per capita income is a measure of the amount of money earned per person and takes into account population changes.
- Vietnam has chosen the direction of comprehensive development, emphasizing rapid growth, issues of equality and social justice.
- The relationship between economics, culture, and politics is described through the mode of production in material life determining the general character of social, political, and spiritual processes.
Test your knowledge on economic management theories, principles, and evaluation criteria with this quiz. Explore topics such as sustainable economic development, economic growth, and the relationship between economics, culture, and politics. Get ready to dive into the world of economics and assess your understanding of its core concepts.
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