Macroeconomics and Its Impact - 669 Words

Macroeconomics and its Impact on Entering the Business World Macroeconomics is the field of economics that studies the behavior of the aggregate economy. Macroeconomics examines economy-wide phenomena such as changes in unemployment, national income, rate of growth, gross domestic product, inflation and price levels (Investopedia, 2011). In other words, macroeconomics examines economic trends in the economy as a whole, in contrast to microeconomics, which looks at the decisions made by firms and individuals (Investopedia, 2011). Most business majors have a good understanding of microeconomics because supply and demand help explain the individual supply chains that professionals will confront in the workplace. However, one simply cannot understand microeconomics without understanding macroeconomics because larger economic forces help impact part and supply pricing that lead to fluctuations in costs, which may lead to supply issues on the micro level. In fact, the factors that are studied by macro and micro will often influence each other, such as the current level of unemployment in the economy as a whole will affect the supply of workers which an oil company can hire from, for example (Investopedia, 2011). One of the key concepts of the class that I believe will be helpful in the business world is having an understanding of the Index of Leading Economic Indicators (LEI). The index is based on ten key variables, including the number of manufacturers new ordersShow MoreRelatedThe Impact Of Effect On Macroeconomic On The Uk1540 Words   |  7 PagesBrexit impact on Macroeconomic in the Uk Student Number : 0010896606 Group : DW Date : 13 March INTRODUCTION: This report will explain the meaning of Brexit and introduce the influence of Brexit on macroeconomic in Britain. The definition of Brexit is that the Unite Kingdom (UK) will exit from European Union (EU), which raising concern around the world. Brexit has drawn greater worldwide attention, then the increasing number of questions which about the damaging of British macroeconomic hasRead MoreMacroeconomic Impact on Business Operations1812 Words   |  8 PagesMacroeconomic Impact on ï ¿ ½ PAGE * MERGEFORMAT ï ¿ ½9ï ¿ ½ Running head: MACROECONOMIC IMPACT ON BUSINESS OPERATIONS Macroeconomic Impact on Business Operations University of Phoenixï ¿ ½ This paper will address the how the monetary policy has an impact on the factors of macroeconomics, such as gross domestic product (GDP), interest rates, inflation, and unemployment. 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An external analysis of the industryRead MoreThe Impact of Macroeconomic Instability on the Banking Sector7782 Words   |  32 PagesJournal of Money, Investment and Banking ISSN 1450-288X Issue 7 (2009)  © EuroJournals Publishing, Inc. 2009 http://www.eurojournals.com/JMIB.htm The Impact of Macroeconomic Instability on the Banking Sector Lending Behaviour in Nigeria Somoye, Russell Olukayode Christopher Associate Professor, Department of Banking and Finance Olabisi Onabanjo University, Ago-Iwoye P.O Box 1140 Ijebu Ode , Nigeria E-mail: olukayodesomoye@hotmail.com Tel: + 234-8033335688 Ilo, Bamidele M Department of BankingRead MoreImpact Of Fdi On Macroeconomic Factors Of India1592 Words   |  7 PagesIMPACT OF FDI ON MACROECONOMIC FACTORS IN INDIA R.PRIYA*; Dr.M.JEGADEESHWARAN** *M.PAHIL Research Scholar, Bharathiar University, Coimbatore, Tamilnadu, India. **Assistant Professor Bharathiar University, Coimbatore, Tamilnadu, India. ABSTRACT Foreign Direct Investment is the major tool of attracting International Economic Integration in any nation. It serves as a relationship between investment and saving. Many developing countries like India are facing the scarcity of savings. This crisis canRead MoreThe Impact of Macroeconomic Indicators on Operations and Planning996 Words   |  4 PagesSelect three macro-economic indicators that you feel have the greatest impact on the operations and/or planning for your SLP organization. Remember that an economic indicator measures a change in the general or in a specific aspect of the economy and and you should be assessing how each macro-economic change you have chosen affects your company. Explain why they are important to the current or future condition of your organization. The Consumer Price Index. Wanting to please consumers and positingRead MoreEssay about Macroeconomic Impact on Business Operations666 Words   |  3 PagesThe Federal Reserve is considered an independent central bank who is still held accountable to Congress. Monetary Policy is a tool that the government uses in order to influence the economy. The FOMC (Federal Open Market Committee) can affect monetary policy by using three tools. 1. Open Market Operation- the buying and selling of U.S. government securities 2. Altering reserve requirements- the amount of money banks must hold when its customers deposit monies. 3. Adjusting the discount rate-Read MoreEssay about Measuring the Macroeconomic Impact of Monetary Policy1320 Words   |  6 Pagesdecision made has an impact on the bigger picture. Monetary policy can have a positive as well as a negative effect on everyday people. This can be manifested primarily through a shift in employment status. The government, however, has many tools in order to help the situation. 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Computer crime research proposal free essay sample

Over the last few years the internet crime industry has changed very dramatically. Think back almost twenty years ago, computers were just beginning to make their marks in the professional world. However, big companies were the main individuals with computers, mainly because they weren’t that popular in homes. Nowadays, computers can be found anywhere. They are so convenient and you can do almost anything from a computer, pay a bill, shop, order food, even banking. The convenience has even been extended to a cell phone or smart phone as they are referred too. At the same time, all of the convenience and little to no security method is implemented. This proposal is geared to help people who have been victimized. Surveys, secondary data, and field research will all be of help to anyone that needs it. INTRODUCTION: Convenience versus Security, everything is able to be completed online, whether its shopping, banking, taxes, or simple communication it can all be done behind a screen. Its so easy for someone to assume your identity and you never know because of how convenient computers have become. When one item becomes too convenient the downfall is the lack of security that will come with that, it can be viewed as Convenience vs. Inconvenience. Making things convenient for ourselves isn’t always the most secure thing that we can do. It’s a fact that, â€Å"convenience is often times inversely proportional to safety and security (Mente, 2000)†. My independent variable is the expansion of technology which leaves end users vulnerable for attack. The variable that is dependent upon my IV is the rise in attacks. As technology increases, the knowledge the hackers attain increases as well. Meaning that they are getting smarter and we need to be educated in their methods. As time progresses and technology continues to thrive in an upward direction more attacks are going to occur. Computers, PDAs, and Tablets are showing an economic boom in sales as the security level is withering. Convenience versus Security! The more you have of one the less you have of the other. BACKGROUND AND LITERATURE REVIEW: The five articles I chose to summarize are important to me. The trends that  these cyber criminals are implementing are progressing at a very fast pace. Newer trends are developing just as fast as technology is growing. We have to be ready for all the new ideas the tech savvy individuals are coming up with to assume ones identity. There are so many that the public cannot be warned about them all therefore schooling yourself on the security measures to take will save you the hassle in end. â€Å"Internet Crime Trends: The Latest Report† I chose this article because it is good to be aware of the trends that the computer criminals implement. Based on the ICR, or the Internet Crime Report which dates back to 2010, the top three common complaints that the IC3, or Internet Crime Complaint Center, had were non-delivery of payment or merchandise, impersonating scams, and identity theft. Most of the complaints came from United States residents, mostly male, between the ages of 40 and 59. Most of the complaints come from California, Texas, New York, and Florida. Those are the states that are heavily impacted because they are heavily populated. Computer criminals are far from fools. Being able to master the art of theft online is not easy. They target the cities that are fast-paced, that way they will not realize a crime is being committed until well into the process. The IC3 received approximately 300,000 complaints a year roughly 25,000 per month. Half of the reported complaints were of some form of financial loss. However, many internet crimes go unreported. Citizens are not aware that even if they do not fall into the trap and become a victim of a computer crime, the fact that they were contacted at all should be reported as well. According to the NCSS, or National Computer Security Survey, there are three types of cybercrime. There are the cyber-attacks, cyber-theft, and cyber-security incidents. The cyber-attacks are when the computer system in general is the target. Viruses and worms are the culprit in cyber-attacks. Cyber-theft is when a computer is used to receive any type of financial gain or other things of value, embezzlement and fraud are types of cyber-theft just to name a few. Cyber-Security incidents normally affect businesses. Spyware, Adware, Hacking and Phishing are common incidents that can happen in a business establishment. However, this is where our security needs to be in its best shape. In 2005, a study of over 7000 companies reported that 67% detected at least one cybercrime,  almost 60% detected one or more types of cyber-attack, 11% detected cyber theft and 24% detected other computer security incidents (NCSS, 2005). Many of the companies didn’t even report the crimes but the ones that were reported sustained monetary loss of $10,000 or more. This data revealed to me that some cyber-crimes go unnoticed because they are not reported. Business companies and individual citizens alike have been victim to a potential cyber-crime whether you are aware or not. Many people do not report mainly because nothing was stolen. It takes for something to leave our possession before we react. On the contrary, with crimes like Cyber-Attacks, Cyber-Theft, and Cyber-Security breaches acting on something small can save you a lot of disappointment in the end. The fact that the trends are adapting rapidly daily does not mean that the older techniques are not still lurking. If you have received mail, physically or electronically, asking for money, claiming to be someone that needs money, or telling you how to make money it’s usually a scam. â€Å"Cyber-Crime Taking on Sinister Forms† Nowadays, the criminals who attack via the computer are growing rapidly. Authorities feel that 2012 will be a big year for cyber criminals. Especially the scams, there have literally been hundreds of emails sent out asking one to send money, or to cash a check then wire it somewhere else. Often scammers assume the identity of major companies and corporation’s telling you that you can become a member of their team if you send money from one place to another. Citizens should report any suspicious activity. Older men are considered a high risk target. Unlike women, most men are not computer savvy and may fall for a scam faster than a woman would. Many scammers are unemployed and are looking to make easy money. However, we cannot be so easily fooled. Another common problem for authorities is the use of computers to stalk and harass individuals. Usually the sender remains anonymous and their main goal is to gain access to the identity of an individual. Based on an electronic monitoring study in 2006, 83% reported that they received an email from a stalker, 35% received an instant message. More than 3 million people, both male and female, over the age of 18 had been stalked at least once. Now of course, stalking in the physical is completely different from cyber stalking. In this sense, stalking is defined  as conduct that would cause a person to feel fear. Studies show that electronic monitoring was used to stalk 1 in 13 victims. Video or digital cameras we used to spy on individuals that never knew they were being watched. Of the 3 million people surveyed over 250,000 sustained injuries in stalking attacks (Osterburg Ward, 2010). These specific attacks escalated from cyber-stalking to physical stalking, however, it everything originated online. Out of the initial survey, over 35,000 were raped or sexually assaulted, over 50,000 were seriously injured, and over 270,000 individuals suffered minor injuries (Osterburg Ward, 2010). This information was shocking. One never knew you could be stalked online. However, if at any point you felt any type of fear whilst online that is considered cyber-stalking. Another fact that shocked me was that the offenders were between the ages of 18 and 29, at the same time, the victims were between 21 and 39. One would think the offenders would be older and the victims young but sadly this is not the case.