Discussion Post I: Economics for the Global Manager
Review the Terminal Course Objectives, accessed by clicking on the Course Information tab at the top of your screen, scrolling down to the Course Objectives and then selecting "View Class Objectives." How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if he or she has not mastered these objectives? Explain.
Course Objectives:
i. Apply critical-thinking skills to analyze business situations
ii. Assess current global economic and political policies and their impact on business decisions
iii. Critically analyze and evaluate real-life economic problems and opportunities by applying economic concepts, principles, and theory
iv. Explain the macroeconomic and microeconomic concepts and how they relate to the management of a global organization
v. Explain the opportunities provided by technology for businesses
vi. Interpret the functions, opportunities, and challenges of the international monetary system
vii. Predict situations that present potential legal and ethical issues, and develop solutions for those issues
viii. Use effective communication techniques
Discussion Post II: Legal Aspects of Business Decisions
This discussion has 3 parts:
A common understanding of law is that from a dictionary that defines law as the rules established by authority, society, or custom. Law also encompasses the body that imposes the enforcement and control or authority. International law is governed by Article 38(1) of the Statute of the International Court of Justice (or ICJ) lists the source that the court is permitted to use. The ICJ looks at 3 main sources of international law:
o Treaties and conventions
o Customs
o General principles
i. Discuss your understanding of treaties and conventions.
ii. What are some common customs that you have encountered based on your own experiences? How do you believe these customs differ from those in other countries? Provide examples.
iii. General principles are those that are common to both (or all) the state parties to a dispute. What issues may arise when an issue involves entities from different countries? How could these differences be resolved?
The response must include a reference list. One-inch margins, double-space, Using Times New Roman 12 pnt font and APA style of writing and citations.