Examination of Course Objectives (Economics for the Global Manager) – Discussion – 300 or more words (4-9-21) 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: · Apply critical-thinking skills to analyze business situations · Assess current global economic and political policies and their impact on business decisions · Critically analyze and evaluate real-life economic problems and opportunities by applying economic concepts, principles, and theory · Explain the macroeconomic and microeconomic concepts and how they relate to the management of a global organization · Explain the opportunities provided by technology for businesses · Interpret the functions, opportunities, and challenges of the international monetary system · Predict situations that present potential legal and ethical issues, and develop solutions for those issues · Use effective communication techniques Assignment Details (Legal Aspects of Business Decisions) – Discussion – 300 or more words (4-9-21) 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: · Treaties and conventions · Customs · General principles 1. Discuss your understanding of treaties and conventions. 2.

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. 3. 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? A.L My article comes from the NY Times. Plans to increase revenue to finance Biden’s

Examination Of Course Objectives Economics For The Global Manager

Examination of Course Objectives (Economics for the Global Manager) – Discussion – 300 or more words (4-9-21) 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: · Apply critical-thinking skills to analyze business situations · Assess current global economic and political policies and their impact on business decisions · Critically analyze and evaluate real-life economic problems and opportunities by applying economic concepts, principles, and theory · Explain the macroeconomic and microeconomic concepts and how they relate to the management of a global organization · Explain the opportunities provided by technology for businesses · Interpret the functions, opportunities, and challenges of the international monetary system · Predict situations that present potential legal and ethical issues, and develop solutions for those issues · Use effective communication techniques Assignment Details (Legal Aspects of Business Decisions) – Discussion – 300 or more words (4-9-21) 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: · Treaties and conventions · Customs · General principles 1. Discuss your understanding of treaties and conventions. 2.

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. 3. 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? A.L My article comes from the NY Times. Plans to increase revenue to finance Biden’s $2 trillion infrastructure proposal has resulted in talk of raising the corporate tax rate from the current 21% to 28%. This tax on multinational firms has potential to raise as much as $1 trillion over a 15 year time span and aims to ensure that jobs aren’t moved overseas in an attempt to lessen tax obligations, and would require higher tax rates for the profits that are earned overseas.

There would be incentives available for those companies that invest in research and development at home. Treasury Secretary, Janet Yellen, is in favor of a global minimum tax, that would apply to multinational corporations regardless of where they have their headquarters located.

trillion infrastructure proposal has resulted in talk of raising the corporate tax rate from the current 21% to 28%. This tax on multinational firms has potential to raise as much as trillion over a 15 year time span and aims to ensure that jobs aren’t moved overseas in an attempt to lessen tax obligations, and would require higher tax rates for the profits that are earned overseas.

There would be incentives available for those companies that invest in research and development at home. Treasury Secretary, Janet Yellen, is in favor of a global minimum tax, that would apply to multinational corporations regardless of where they have their headquarters located.

Paper for above instructions

The course "Economics for the Global Manager" is aimed at developing skills and knowledge that are essential for making informed business decisions in an increasingly interconnected world. By mastering the course objectives outlined, I can glean significant insights that will enhance my effectiveness as a manager.

Application of Critical-Thinking Skills

One of the primary objectives of the course is to apply critical-thinking skills to analyze business situations. This ability to think critically enables managers to dissect complex issues and arrive at informed decisions rather than relying solely on intuition. In a globalized market, nuanced understanding becomes vital as economic indicators, consumer behavior, and cultural contexts vary dramatically across borders. Failure to apply critical thinking can lead to misinterpretations of market conditions, potentially resulting in poor strategic decisions (Wheelen & Hunger, 2017).

Assessment of Global Economic and Political Policies

The course also emphasizes assessing current global economic and political policies and their impact on business decisions. A manager who lacks comprehension of these policies may misalign business strategies with the prevailing market conditions. For instance, international trade policies, tariffs, and political instability can drastically affect supply chains and customer demand. If a manager is unaware of such dynamics, they could unwittingly expose their organization to significant risks, such as financial losses and damaged reputation (Mankiw, 2021).

Application of Economic Concepts

The critical analysis of real-life economic problems and opportunities through the lens of economic concepts, principles, and theories is essential. For example, understanding theories like supply and demand enables managers to set competitive pricing strategies. Without this mastery, a manager may fail to leverage economic conditions for operational advantage, thus failing to capitalize on potential growth opportunities (Samuelson & Nordhaus, 2010).

Grasping Macroeconomic and Microeconomic Concepts

Another crucial objective of the course is to explain macroeconomic and microeconomic concepts related to global organizational management. Managers with limited knowledge of these concepts may struggle to anticipate market fluctuations and adapt their tactics accordingly. For example, understanding the implications of inflation and unemployment on consumer purchasing behaviors can provide organizations a competitive edge in market adaptation (Blanchard, 2017).

Technology Opportunities

In the modern business landscape, technology plays a significant role in determining an organization's success. The course discusses technological opportunities that businesses can capitalize on. Managers lacking this understanding may find themselves ill-equipped to implement advanced technologies, which may hinder efficiency and competitiveness (Brynjolfsson & McAfee, 2014).

International Monetary System

Interpreting the functions of the international monetary system forms an essential part of global business management. A manager who fails to navigate this system could face challenges in financing, currency exchange, and international investments. Lack of awareness here can lead to missed opportunities or financial crises as foreign exchange fluctuations may significantly impact profit margins on international sales (Krugman & Obstfeld, 2018).

Legal and Ethical Issues

The ability to predict situations that present potential legal and ethical issues holds paramount importance. Managers must be able to mitigate risks associated with legal liabilities and ethical controversies to safeguard their organizations’ reputation. A failure to master this aspect could result in severe legal repercussions, loss of consumer trust, and financial setbacks (DeGeorge, 2018).

Communication Techniques

Finally, the use of effective communication techniques is critical for a manager's success, particularly in cross-cultural environments. Failure to communicate effectively can lead to misunderstandings and can jeopardize international collaborations. In contrast, mastering communication skills allows managers to foster better relationships with stakeholders, thereby enhancing long-term business sustainability (Robinson, 2016).

Conclusion

Mastering the objectives of the "Economics for the Global Manager" course substantiates my growth as a well-rounded manager capable of navigating complex international landscapes and effectively executing business strategies. The risks associated with a lack of mastery in these areas are significant, potentially resulting in misinformed decisions and strategic blunders that could jeopardize company success. Therefore, aligning my learning with these objectives is not just a personal goal but essential for thriving within the complexities of global management.

References

1. Blanchard, O. (2017). Macroeconomics. Pearson.
2. Brynjolfsson, E., & McAfee, A. (2014). The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies. W.W. Norton & Company.
3. DeGeorge, R. T. (2018). Business Ethics. Prentice Hall.
4. Krugman, P., & Obstfeld, M. (2018). International Economics: Theory and Policy. Pearson.
5. Mankiw, N. G. (2021). Principles of Economics. Cengage Learning.
6. Robinson, S. P. (2016). Organizational Behavior. Pearson.
7. Samuelson, P. A., & Nordhaus, W. D. (2010). Economics. McGraw-Hill/Irwin.
8. Wheelen, T. L., & Hunger, J. D. (2017). Strategic Management and Business Policy: Globalization, Innovation, and Sustainability. Pearson.
9. Garrison, R. H., & Noreen, E. W. (2018). Managerial Accounting. McGraw-Hill Education.
10. Ferguson, C. (2019). The Corporate Finance Handbook. Routledge.