What is the importance of economics for business decision making? Is being a good corporate citizen also good for business?”

May 2, 2024May 2, 2024 Discipline: Economics

 The topic of the paper is “What is the importance of economics for business decision-making? Is being a good corporate citizen also good for business?”.  This reflection paper should include the following parts: 

• Introduction, background, and context of the topic of the paper 

• Description of how micro- and macroeconomics principles affect business decisions  6    

• Description of how managers use micro- and macroeconomics for decision making 

• Recent example(s) of business decisions from the real world and explanation of their economics context / application, including good corporate citizenship (CSR) 

• Conclusion with main insights gained from the reflection 

Students are highly encouraged to draw from material covered in class, required and recommended readings, as well as their own research for both reflection papers. The papers should be structured in a clear and logical way, written in APA style and supported with correctly identified sources.  (1800 words)

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