Professional Documents
Culture Documents
ASSESSMENT
Evaluation criteria Grading Proportion
scale
Attendance The number of 10 10%
attendances and
participation in lectures’s
activities and quizzes
Mid-term (group work) Clear ideas and structure, 10 30%
logical analysis, rich
- In-class assignments references used and cited,
10%
- Report &presentation for clear language, creative 20%
given topic (due date Oct presentation
29th, submit on Dec 4th)
Final test show the understanding of 10 60%
problems learned in class
and self-study
1
10/22/2023
MODULE CONTENT
Overview of
Overview of
economics
economics
management
Definitions,
Definitions and role
characteristics, role
2
10/22/2023
What is Economics?
q Economics was appeared more than two centuries ago and has gone
through many stages of development => many definitions of economics
have appeared
• “Economics is the study of how society manages its scarce resources. In
most societies, resources are allocated not by an all-powerful dictator
but through the combined actions of millions of households and firms.
Economists therefore study how people make decisions: how much they
work, what they buy, how much they save, and how they invest their
savings. Economists also study how people interact with one another.”
(Principles of Economics (5th edition), N. Gregory Mankiw, Cengage
Learning, 2012, page 4)
What is Economics?
• Nature of society’s resources is limited.
• Scarcity => cannot produce all the goods and
services.
• Economics studies how society uses scarce
resources to produce necessary goods and
distribute them to members of society.
Role of economics
The study of economics helps people understand the world around them. It
enables people to understand people, businesses, markets and
governments, and therefore better respond to the threats and opportunities
that emerge when things change.
Economists provide the tools by which analysts can study the costs,
benefits and effects of government policies in a range of areas that affect
society.
v Forming and maintaining society
v Meeting human needs
v Creating jobs
v Promoting industry diversification
v Improving quality of life
3
10/22/2023
Economic development
• Economic development is understood as the process of
progress in all aspects of an economy, changing both
quantitatively and qualitatively; closely combining the
process of perfecting both economic and social issues in
each country.
-> Economic development will support business maintenance
and expansion
• An increase in total income level;
• Trend-based changes in economic structure;
• The better and better transformation in social issues.
4
10/22/2023
Economic growth
- Economic growth is an increase in the
economy's income over a certain period of
time (usually a year).
- The increase is shown in scale and speed:
• Growth scale: Reflects the increase more
or less.
• Growth rate: Used in a relative
comparison sense and reflects rapid or
slow growth between periods.
- Economic income can be expressed in
kind or value.
5
10/22/2023
6
10/22/2023
Orientation of economic
development
q Emphasize rapid growth
q Appreciate issues of equality and social justice
q Comprehensive development model
7
10/22/2023
Objective
Characteristics
8
10/22/2023
Social systems
• Gathering people or groups of people having social activities
with close relationships which influence, impact, and
compatibilise with each other.
• Levels of social systems: individual, family, organization,
community, industry, etc
• The activities of social systems are the mobilization of
resources.
• To achieve the goal, the basic functions are to attract,
maintain and develop resources; achieve external and
internal goals set for the system.
9
10/22/2023
Social systems
Oneness
Social
systems
Complexity purpose
Organizations
• A deliberate arrangement of people to accomplish
some specific purpose (that individuals
independently could not accomplish alone) in a
consistently stable structure.
• Human society is a society of organizations:
businesses, associations, units, state agencies, etc.
Organizations
clear
objective
provide
many value to
people users
work for through
shared its
purpose Tổ goods/s
ervice
chức
are
always open
manage system
d
10
10/22/2023
Art nature
Practical nature
Economic power
Intellectual power
Moral power
11
10/22/2023
12
10/22/2023
Definition Role
Feature Classification
13
10/22/2023
1. Administrative method
2. Economic method
3. Educational method
1 2 3 4
14
10/22/2023
Planning tools
Scheme
Plan
Project
Budget
Strategy
Economic policies
Tax
Price Interest
Economic policies
short term
Impact period
long term
Criteria Trade
Monetary policy
central, crucial
Impact field Finance
Investment
Employment
15
10/22/2023
Material tools
Operating
Capacity to use
environment
16