Production & Growth
1. What is the main idea of the chapter on production and growth?
2. What is economic growth? Why production is being associated with economic growth?
3. How growth is being seen from economic perspective?
4. What is production function?
5. What is the role of productivity in economic growth?
Saving Investment and Financial Institutions
1. What is the main idea of the chapter on Saving Investment and Financial Institutions?
2. When we say ‘financial system’, what are the institutions that falls under it? Please give example from your understanding for the case of Malaysia.
3. Financial markets vs Financial intermediaries. Any differences? Explain.
4. Why savings are said to be equivalent to investment (savings=investment) in the national income accounts?
5. What are examples of government policies that may affect the demand or supply of market for loanable funds?
Unemployment
1. What is the main idea of the chapter on unemployment?
2. What is unemployment? Is it true that each and every individual who are not working in the economy are considered as unemployed hence being taken into account for the calculation for unemployment?
3. What are the different types of unemployment?
4. What is minimum wage policy? Is it good for the economy? Why?
5. What do you understand about collective bargaining?