What role economics plays in organizational decisions


Responses to discussion questions are to reflect critical thought and be at least 250 to 300 words in length.

Why do 100% of management programs in the world [marketing, and accounting, IT, too, require graduates to take economics? Is it a. so they can complain when prices are too high, or b. to understand the economy from management's point of view???Explain.

4. a. What is economics?

b. What does the text author say the difference is between microeconomics and macroeconomics?

c. What is the difference between 'talking about economics and studying economics'?

d. What role does economics play in your personal and organizational decisions???[After finishing this, see Discussion/Course Materials for 'instructor's definition of macro'].

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Microeconomics: What role economics plays in organizational decisions
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