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. According to the Federal Reserve, the Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintainRead MoreThe Impact of Macroeconomic Variables on the Telecommunication Industry1704 Words   |  7 PagesRunning head: ENVIORONMENTAL ANALYSIS The Impact of Macroeconomic Variables on the Telecommunication Industry University of Phoenix MBA 501 Forces Influencing Business in the 21st Century January 22, 2007 Introduction The intent of this paper is to perform an analysis of the cable industrys external environment. The first sections of the document will discuss environmental scanning and define the telecommunication niche that is currently occupied by cable operators such as Comcast. The nextRead More Impact of Macroeconomics on the Housing Industry Essay599 Words   |  3 Pages To better understand the real impact macroeconomics has in an economy or a particular industry, it is better to define what macroeconomics is and what it attempts to study. Contrary from microeconomics which studies the impact that individuals or companies have in a local economy, macroeconomics focuses on the behavior of the economy or industries as a whole, in a national or global perspective. (Investopedia.com, 2015) However, microeconomics and macroeconomics are interdependent and complementRead MoreThe Impact Of Macroeconomic Variables On The Telecommunication Industry1635 Words   |  7 Pagesexternal environment. The first sections of the document will discuss environmental scanning and define the telecommunication niche that is currently occupied by cable operators such as Comcast. The next section will identify the macroeconomic variables that currently impact cable operators and will compare two variables to two corresponding industry variables. The final section of the paper will identify some of the challenges and opportunities facing the industry. 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. These tools at time can improve or even deteriorate the dilemma. They are made to bring the economy out of crisis. But there is no doubt that monetary policy has a tremendous effect on macroeconomic factors as GDF, unemployment