Buy BUSS 5001
Firms, Markets and Business Management Assignments
Business operations are usually affected by economic, socio—cultural, technological, and institutional factors. This unit enables students to understand their influence, as well as how to solve many of the contemporary challenges of the modern world, such as poverty, global warming, recession and development. Students also gain knowledge of the way business decisions are made and their effects on the market.
The introductory section of the unit offers a glimpse into macro and microeconomic applications and analysis. Macroeconomics encompasses hot to evaluate the aggregate level of inflation and GDP, the connection between exchange and interest rates, and the impact of government policy on the economy. Microeconomics helps students understand economic decisions individuals and firms make regarding market prices. Complex aspects of ethics and professionalism in decision making are also covered within the unit.
The unit concludes by examining the technological, socio-cultural and institutional environment that businesses survive in. The conceptual strategies, models and theories that aid in effective decision making with regard to these factors are also taught.
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