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Special ECO101 Test 2 Study Guide
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ECO101
Selected Economic Glossary
SSC351--Improving Office Productivity Through TQM
SSC351--Work Measurement and Work Standards
SSC351--Promotion
SSC351--Managing Human Resources
SSC351--Communicating in the Office
SSC351--Administrative Office System
SSC351--Appraising The Office Worker's Performance
SSC351 Study Guide

Please remember that your 2nd ECO101 test is scheduled on Monday, 29 September 2003 at Room 8A1 and 8A2, 8:00 pm - 9:30 pm.  You will be tested on the following items.
 
  1. Definition of national income.
  2. GNP, GDP, NNP, PI (personal income), DPI (disposable personal income), market price and factor cost.
  3. Measuring national income (expenditure, income, and output approaches.
  4. Problems in calculating national income.
  5. Uses of national income.
  6. Business cycles.
  7. The four phases of business cycles - depression, recession, recovery, and economic boom.
  8. Unemployment - definition and calculation.
  9. Types of unemployment.
  10. Inflation.
  11. Types of inflation.
  12. Calculation of inflation rate.
  13. Effects of  inflation - gainers and losers.
  14. International trade.
  15. Differences between domestic and international trade.
  16. Advantages of international trade.
  17. Tools of protectionism.
  18. Reasons for protectionism.