Problem: On the night before the firm announces the expansion plan at a press conference, you are sitting in your home office reflecting on what you have learned about the process over the last several weeks. Articulate how macro- and microeconomics come into play in the context of firm decision-making in a global business.
- Explain the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
- Critically analyze and evaluate real-life economic problems and opportunities by applying economic concepts, principles, and theory.