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Macroeconomics impact to the success of business
Macro economic affecting business
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Many people fail to realise the importance of our economy, how diverse and interactive it is to our daily lives and the distinct role it plays in our constantly evolving economic climate. My initial interest stemmed from my lack of knowledge about the UK economy; resulting in the research about our recent financial crisis and from there it grew tenfold. I began to observe the situations around me from a different perspective, and with the help of micro and macroeconomic objectives, which are the fundamental foundations; I have been able to pursue this social science in far greater depth and understanding. It is a growing ambition of mine to explore what effect daily transactions and the conduct of millions of people like me has on our future …show more content…
My studies in Economics, Accounting and Law at A-level have made me a more rounded student, taking in a vast set of analytical and organisational skills, combined with an emerging sense of appreciation of how interlinked society is as a whole, along with the contribution every individual can have in order to revive and stimulate our economy from a recession. The combination of subjects I decided to study over the 2 years at A-level are substantially different, however it has a unique element of combination which I feel I can take on and understand economic concepts and theories better. Although the subjects provide a great deal of variety, I’ve enjoyed exploring the many links between them, for instance, how economics affects the behaviour and conduct in businesses. Realising how influential government decisions can be on the way accountancy firms are run is fascinating. It has enabled me to assess situations from a more critical viewpoint, generating a reflection of the many different views held by each
...ults of the recession. In order for this never to happen again, there is a need to learn from the mistakes in the past and to look for the warning signs. The problem is not just restricted to one country, but is a global problem and needs to be addressed as such.
Renowned economist, Steven D. Levitt, and well-known journalist, Stephen J. Dubner, in their collaboration of the book, Freakonomics: A Rogue Economist Explores the Hidden Side of Everything, write in a mostly inoffensive style about extremely controversial topics. Levitt’s and Dubner’s purpose is to inform readers of frequently disputed topics from a purely economic standpoint. They use second person to directly speak to their readers, an impartial tone to show an unusual perspective, and contrast to provide both sides of an argument.
...ing how some studies and economic research has been taking place and where. I found some of the studies to be trivial. This meaning that the authors used creative techniques to figure and estimate some of the elasticities. I also found it interesting how I could relate to the real life situations such as the Lottery. For example, when the lottery starts rolling over it creates a hype, and the demand goes up. I was always aware of this phenomenon but never realized what it actually was.
Jobs, Charles. "Peakonomics: toward a case typology for increasing undergraduate economics literacy and concept retention." Journal of Economics and Economic Education Research 9.1 (2008): 19+.General OneFile. Web. 17 Feb. 2014.
Common Sense Economics: What Everyone Should Know About Wealth and Prosperity, written by James Gwartney, Richard Stroup, Dwight Lee and Tawni Ferrarini, explains the foundation of economics and how it all works in all aspects of our lives from the role of the government trickling down to personal credit cards and savings. This book was written with clear language for the audience to understand and comprehend the large amount of information within its condensed size. The authors’ target audience for this book seemed to be for those individuals wanting to learn the mechanics of economy including economic growth and stability. Gwartney separates his book into four parts: Part I, Twelve Key Elements of Economics, Part II Seven Major Sources of Economic Progress, Part Three Economic Progress and the Role of Government, and Part IV Twelve Key Elements of Practical Personal Finance.
"Towards the Brink." The Economist. The Economist Newspaper, 01 Mar. 2014. Web. 28 Mar. 2014.
The book I chose to review for this course is titled, “The Millionaire Next Door”, by Thomas J. Stanley, Ph.D., and William D. Danko, Ph.D. After learning that it was published in 1996, prior to the widespread availability of the internet, and subsequent ebusiness boom, I was slightly sceptical that the information held within might not be relevant for someone like myself trying to thrive in today’s chaotic economy. Fortunately, I was wrong. The Millionaire Next Door is full of concepts and principles that put into perspective how we view money and status in our society, and also debunks the myth that America’s wealthy are the ones doing most of the spending while living elaborate and carefree lives. There are several ‘takeaway’ principles that are presented to the reader. I will be focusing on the five concepts and ideas that impacted me the most.
Music has always been an important part of my life. Upon entering the fifth grade, my parents bought me a flute, at my insistence. After moderate success playing the flute, I saw greener grass on the other side of the musical fence. Singing just had to be easier than making music with a long metal pipe. My perception and reality did not exactly match. Singing has its own subtleties and complexities which are not readily apparent to the casual observer. Abandoning the flute for singing, I began taking voice lessons in the tenth grade. My voice teacher was very experienced and encouraged me to pursue my interest in music beyond high school. After much deliberation, I decided to major in voice during college. This path would be fraught with unforeseen difficulties and exciting challenges.
Ouachita Baptist University is not the traditional Liberal Arts University, however the school embraces the liberal arts tradition. As a Christian school Ouachita also focuses on spiritual growth as it says in the mission statement, “Embracing the liberal arts tradition, the university prepares individuals for ongoing intellectual and spiritual growth, lives of meaningful work, and reasoned engagement with the world.” By having us take Chapel and other religious courses as part of the core it helps us as Christians grow. Also as Ostrander states, “A Christian University seeks to provide an overarching framework that gives a sense of purpose and unity for everything from English literature to chapel to intramural soccer.” Through OBU students gain a well-rounded education taking not only classes for their majors but also classes in most subjects. In today’s society this is what Dr. Kagan thinks, “I suggest, should include a common core of studies for all its students. That would have many advantages, for it would create an intellectual communion among students and teachers that does not now exist and would encourage the idea that learning and knowledge are good things in themselves” (Donald Kagan). Although we have one degree we gain knowledge outside of that and it will help us out later in life.
My aspirations in life are to obtain a Bachelor’s of Science in Public Health at The University of North Carolina at Charlotte. In addition, I will take The National Board of Public Health Examination to become certified in Public Health. I will acquire the appropriate experiences and knowledge by attending internships and job shadowing fellow public health associates. Secondly, I will further my education to achieve a Master of Science in Public Health to become a Public Health Analyst at The Center for Disease Control and Prevention. In addition, I will pursue to work for a government agency, such as the department of Health and Human Services and become a Public Health Advisor in Maryland. Lastly, I plan to obtain a business degree in Entrepreneurship to obtain the knowledge to open up a health and wellness clinic. This center will allow local residents to achieve physical exercise, mental counseling, receive nutritional facts, and obtain health screenings. Residents may also register in classes and sign up for volunteer work.
If nineteenth century was an era of the Industrial revolution in Europe, I would say that computer and Information Technology have domineered since the twentieth century. The world today is a void without computers, be it healthcare, commerce or any other field, the industry won’t thrive without Information Technology and Computer Science. This ever-growing field of technology has aroused interest in me since my childhood.
Tragakes, E. (2012). Economics for the IB diploma (2nd ed.). Cambridge, UK: Cambridge University Press.
My parents instilled a passion for reading in me even as a toddler; years later, an excellent,
This field covers international trade and the impact of globalization. They also examine global financial markets and exchange rates. Economics is essential not only for economic literacy but also for public policy formulation (Davis, 3). “The increase in the analytic and statistical sophistication of the profession has been accompanied by a growing acceptance that the economy must be analyzed as a "complex system" rather than as a highly complex simple system” (Colander, 3). International economists examine the ways that economics influence the interdependent nature of the world. By evaluating markets, corporations, and unions that continually affect the international arena, economists develop a strong ability to objectively analyze the role of economics on both political and social levels. Economics and world affairs are undoubtedly linked. Economists analyze the importance of economics in global conflicts and stabilization. They also study historical trends and use them to make forecasts. They research and analyze data using a variety of software programs, including spreadsheets, statistical analysis, and database management programs. Nearly half of all economists work in federal, state, and local government. Federal government economists collect and analyze data about the U.S. economy, including employment, prices, productivity, and wages among other types of data. They
My interest in the field of Automobile goes back to my early years in high school which is when I decided to pursue a career in engineering. As a child I was always fascinated by the very concept of automobile. Further, my father’s constant involvement in the automotive industry as an insurance claims assessor further enhanced my interests in automobiles. He was the one responsible for showing me the correct path to pursue my career in automobile field. Hence, after having completed my primary education, I decided to delve straight into the world of mechanics and engineering and pursued a diploma in mechanical engineering followed by a bachelor’s degree in mechanical engineering. Since there were very few options in India & there was no direct path to get into automobile field.