Question

In: Operations Management

The paper is an individual project where you will be focusing on analyzing core macroeconomics variables...

The paper is an individual project where you will be focusing on analyzing core macroeconomics variables delivered in a college level format paper.

You must try to convince the reader of any particular topic in economics using principles of microeconomics to substantiate your thesis.

Examples of previous topics include:

“Why is college so expensive?”,

Solutions

Expert Solution

macroeconomic conditions are those which a firm or industry can not manage to capable and, effects with the events happend in the external environment of the nation. These factors influence the performace of the firm, the strategey formations of the firms and also utilization and allocation of resources too. Those factors includes:

  • Economic
  • Demographic
  • legal
  • Political
  • Social
  • Technological
  • Natural forces etc

All or majority of these factors together shows impact on the peroformance and functioning of a specific firm and show impact in many dimensions.

Suppose the given statement is - why is college so expensive- there will be many causes and reasons for this like,

  • the salaries to the teaching community will be higher, or
  • the maintanance cost of the labs, buildings will be high,
  • the college may offering unique courses than any other
  • the local taxes are high
  • the university may charge high registration fee to each student
  • the management may seeking for higher profits and so on

Hence all these factors show impact on fixing the college fee and increase in any of this component will finally leads to increase the college fee.


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