ECO 202 MODULE 1 SLP LATEST-TRIDENT
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ECO 202 Module 1 SLP Latest-Trident
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ECO 202 Module 1 SLP Latest-Trident
Module 1 – SLP
PRODUCTION, UNEMPLOYMENT, AND INFLATION
Choosing a Reference Organization
For the Session Long Project, you will be
asked to select an organization to use as a focus for your application of
economic ideas. You must use the same organization for all 5 SLPs.
Just below is a link to a listing of 27
companies, all have common stock that has been issued to the public (called a
public corporation), and all are on the most widely used index of how well or
poorly the general stock market is doing, the S&P 500 Index.
In the left column is the trading symbol of
the company, if you have seen a stock ticker these are the symbols that crawl
by. The next column is the company name, and the third is a brief
identification of the industry the company is a part of. I have provided
companies from several different industries so that you have a good variety
from which to choose.
See
.trident.edu/content/enforced/63969-ECO202-FAL2015-1/Modules/Module1/137551SLP1%20Choices%20PDF.pdf?_&d2lSessionVal=9hBtvIoKe8ctpuzQLrF6wotFO&ou=63969″>company
choices.
Using Google will be an excellent way of finding
out more details of what the main business is of the chosen company, and other
general information that will be useful for the assignment. If you know how to
use a financial data base you can use the trading symbol to access information,
but this will not be necessary so do not worry if you do not know how to do
this, the use of Google should be more than sufficient.
For the Module 1 component of the Project,
please address the following questions in a 2 to 3-page MS Word document:
- Identify and briefly describe the organization you are
going to use. Why do you think it will be an interesting focus for your
application of macroeconomic ideas?
- Select three macroeconomic indicators from the link
below that you feel have the greatest impact on the operations and/or
planning for your SLP organization. Remember that an economic indicator
measures a change in the general or in a specific aspect of the economy
and you should be assessing how each macro-economic change you have chosen
affects your company.
.investopedia.com/university/releases/”>http://www.investopedia.com/university/releases/
- Explain why they are important to the current or future
condition of your organization.
Assignment Tips
For this Module, think about macroeconomic
indicators of performance, and how recent changes in these indicators have
affected the performance of your organization. For example, how does the change
in GDP affect the sales, profitability, expansion plans or competitiveness of
your organization. Or, as another example, has the rise in the national rate of
unemployment had any affect on your organizations’ operational performance or
management decisions?
Below are three examples of what is required
for this assignment. The first two are examples of correct approaches and the
third is an example of an incorrect approach.
My organization is a beauty shop/spa that
caters to middle class women. With the recession and rise of unemployment the
shop has had decreased revenue and profit. This has been particularly true of
the spa part of the business because that is more of a luxury service than the
simple haircut and coloring end of the business.
Notice that the primary focus was on how this
macroeconomic indicator has affected the business. This is a good example of
the approach to take.
Sample Mini-Analysis (2):
I will begin with the Employment Cost Index
(ECI) and why it is important to the well-being of TLMP. Companies such as TLMP
must be able to anticipate inflation and the impact it will have on currency exchanges
and how that would impact their international production and trade. The reason
ECI is of less importance to TLMP then some of the other indicators, is because
it is a lagging indicator. Albeit important, it is not an indicator that will
provide advance data that would allow TLMP to make a change in plans to account
for an anticipated change in economic policy.
Notice that the above emphasizes the effect
the ECI will have on the costs to TMLP and management has to engage in planning
if these costs are expected to increase. It also demonstrates that even though
ECI is an important index it is limited in its ability for TMLP management to
use it because it does not provide the data in time for the company to use it
for its planning. This is a good example of the approach to take.
Sample Mini-Analysis (3):
The management of Pleble Corporation uses the
Retail Sales report for its planning. They compare the sales of Pleble on a
month to month basis, and break it down by its various product lines to spot where
sales are falling or increasing.
Notice that this is NOT a correct focus. There
is an important macro-economic indicator called the Retail Sales Report but the
above analysis, after mentioning it, goes into a discussion of Pleble’s sales
report, and that is not a macro indicator because it is only about one company,
not the entire economy. The proper focus would have been to utilize the
national sales report in a way that would have helped Pleble management to
forecast where their sales may be going in the near term future. For example,
the downward trend of retail sales over the past 5 months indicates that Pleble
should reduce their inventory.
There are literally thousands of
macro-economic indicators that are reported. Keep in mind that a given organization,
such as a home builder, may be affected by housing starts, even though that
indicator may have no effect on a defense contractor. The link to Investopedia
lists 25 of the most commonly used macroeconomic indicators.
Length: 2–3 typed and double-spaced pages.
In addition to the overall quality, depth,
grammar, and organization of the paper, the following will, in particular, be
assessed:
- Your ability to apply economic concepts to a given
single organization.
- Use of appropriate citations.
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