This essay "Benefits of learning Macroeconomics in my life" describes how studying macroeconomics helps you understand an issue of how to identify favorable locations for production, identify the opportune time to elevate or minimize the price of products, and also know what to buy and when to buy…
Download file to see previous pages...
Based on the fact that I am pursuing a course in economics, my dream has always been to become one of the most successful economists in the country. Being a successful economist would involve being a Chief Executive Officer of a manager in the most respected organizations in the world. These roles necessitate one to have a wide range of knowledge in macroeconomics as well as other fields associated with economics. Being a top official in a highly respected organization involves a lot of interviews in televisions and radio stations. In doing so, an individual offers insight into the happenings of his organization and hence this can be considered a form of marketing. Furthermore, one of the units learnt in macroeconomics is leadership. Therefore, learning macroeconomics has enabled me to learn and gain leadership skills and abilities. Learning macroeconomics will ensure that I familiarize myself with all aspects of preceding and current economic issues of benefit in my future role as a top executive. Successful organizations in all parts of the world are governed by distinct rules and regulations. For managers to implement plans of actions geared towards enhancing and maintain organizational structures, incorporation of skills and knowledge in macroeconomics is critical. The study of macroeconomics involves investigating behaviours of various organizations and other successful institutions. Therefore, learning macroeconomics presents me with knowledge on how to create and implement organizational rules. and guidelines associated with macroeconomics.
In general, the study of Macroeconomics is involved with investigating comportment, performance, or conduct of the economy. It would be hard for me to implement economic policies without understanding various market conditions such as fluctuating prices of commodities and services. Conditions in the economy are always changing. This can be attributed to the current advancements in technology and globalization. These are some of the factors that determine the price of commodities and services. Researchers have in the past been involved in methodical investigations geared towards identifying why market conditions are ever changing. Results from these studies are very important and are incorporated in the study of economics (Mankiw, 2011). Learning economics has enabled me to gain skills and abilities that will help me predict market conditions in future.
Learning macroeconomics comprises of identification, measurement, and comparison of economic assessments from a range of markets and from different countries or regions. It also involves tracking various aspects that affects market conditions and how to create and implement strategies in practice that would mitigate effects of poor market conditions. An individual can effectively understand market conditions through observing previous market trends. Understanding or analyzing these trends requires one to have certain skills and knowledge that can only be acquired through learning macroeconomics. Therefore, I will be able to follow these trends in future and identify opportunities for investments.
There are times market conditions are dilapidated and at other times the market is stable. Understanding the concept of supply and demand is of benefit to businessmen today (Madariaga, 2005). As an economist and businessman in future, I
...Download file to see next pagesRead More
Cite this document
(“Benefits of learning Macroeconomics in my life Essay”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1496014-describe-how-studying-macroeconomics-has-helped
(Benefits of Learning Macroeconomics in My Life Essay)
“Benefits of Learning Macroeconomics in My Life Essay”, n.d. https://studentshare.org/macro-microeconomics/1496014-describe-how-studying-macroeconomics-has-helped.
I particularly desire to work in the commodity market, as I always had a strong interest in the sustainable development concept and the energy sector. There are multiple benefits to be gained by working in the commodity market. First of all, it would give me great exposure to the energy sector.
Focus would be on demand, supply and market equilibrium, aggregate supply, the financial panic of 2008, gross domestic product, economic growth and unemployment. The gas industry is one of the key industries globally as it provides the energy source necessary for carrying out activities in the other sectors of the economy.
The importance with which people hold financial issues confirms this saying given that proper financial accounting can be the difference between failure and success for both individuals and business organizations. Consequently, finance and accounting is at the centre of many human undertakings, and this got me interested in fostering my career in this filed.
Distance learning is associated with a number of benefits such as: Students have access to wide range of learning materials within seconds; one is exposed as he interact with other students in different background; reduced campus living expenses; one is not separated from his family and social lifestyle.
Born and raised in a fairly affluent area of a large city, my influences, therefore my patterns of thought and behavior, reflected the external factors generally associated with this lifestyle. Monetary gain, social status, and educational excellence dominated almost every social interaction and individual contemplation.
worldwide in different electronic and technological devices such as PCs, televisions, screens in stadia, screens along streets in many cities, and millions of tiny mobile device screens. Another problem that needed attention was the management of logistics whilst addressing
The program teaches students to look at the world with a critical diagnostic approach based on a social justice framework. The department sticks to a disciplinary approach that focuses on an integrative,
My family is my life because the intricacies of a family ensure that it is a great and strongest unit in the society. Family in a society forms the smallest unit there is and provides the development ground for each individual. At the family level, I learned important virtues that make living better.
2 Pages(500 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic Benefits of learning Macroeconomics in my life for FREE!