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Using your chosen company’s domestic environment identify its economic environment and compare and contrast it using Rostow and Galbraith (see lesson plan and resources).

1.  Using your chosen company’s domestic environment identify its economic environment and compare and contrast it using Rostow and Galbraith (see lesson plan and resources).

2.  Repeat the same for the global environment you have identified.

3.  Research requirement: minimum 3 scholarly sources PLUS the text.

4.  Page requirement: 3 pages in APA format.

7 – Given two economic theories, the student will compare and contrast each theory using the company’s Domestic and Global environments.

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Identify the company’s domestic environment and discuss how the government regulations affect its domestic environment it must operate in-Apple company

Apple company
Learning Objective:  Given a company, the student will be able to identify the studied environments (domestic, global, technological, political-legal, sociocultural, and economic) of that company, combine these environments, and develop a final analysis that synthesizes government regulations for the domestic and global environments, hard and soft technology for the company, the political-legal barriers for the company in the domestic and global environments, the sociocultural factors of the domestic and global environments of the company, and two economic theories for the domestic and global environments. Assignment Instructions: Using the company your Instructor approved from week 1 assignment, complete the following:

  1. Identify the company’s domestic environment and discuss how the government regulations affect its domestic environment it must operate in.
  2. Identify a global environment for the company and discuss how the government regulations affect its global environment it must operate in.
  3. Identify the hard and soft technology and interpret the characteristics the company should have/use to be successful in its domestic and global environment.
  4. Identify the political-legal barriers for the company in both the domestic and global environments. Use business theory/theorists to illustrate how the company can operate successfully in its domestic and global environment.
  5. Identify, compare, and contrast sociocultural factors of the domestic and global environments of the company.
  6. Compare and contrast two economic theories for both the domestic and global environments of the company.

Deliverables:

  • Develop a PowerPoint presentation of your strategy of success based on your evaluation of steps 1-6 by assessing what you’ve learned through your research and readings.  Compare what the company has been doing to what you recommend they should be doing. You cannot state that you would not change anything.
  • You must incorporate critical thinking (see resources).
  • Research requirement: minimum 5 scholarly sources PLUS the text/readings and Geert Hofstede.
  • Slide requirement: 12-15 slides minimum
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 THEORY OF CONSUMER CHOICE AND FRONTIERS OF MICROECONOMICS You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions. 

THEORY OF CONSUMER CHOICE AND FRONTIERS OF MICROECONOMICS
Assignment Steps
Scenario: You have been asked to assist your organization’s marketing department to better understand how consumers make economic decisions.
Write a 1,050-word analysis including the following:
*The impact the theory of consumer choice has on:         
Demand curves
Higher wages
Higher interest rates
*The role asymmetric information has in many economic transactions.
*The Condorcet Paradox and Arrow’s Impossibility Theorem in the political economy.
*People are not rational in behavior economics.
Format your paper consistent with APA guidelines.

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International Economics-Consider an economy consisting of two industries and two factors of production. The two industries are low-tech manufacturing (labeled as 1) and high-tech manufacturing (labeled as 2), and the two factors of production are unskilled labor (labeled as U) and skilled labor (labeled as S).

International Economics
1. Consider an economy consisting of two industries and two factors of production. The two industries are low-tech manufacturing (labeled as 1) and high-tech manufacturing (labeled as 2), and the two factors of production are unskilled labor (labeled as U) and skilled labor (labeled as S).

Sales revenue Earnings of unskilled Earnings of skilled
Low-tech (industry 1) = 500 = 250 = 250
High-tech (industry 2) = 200 = 50 = 150

Here, and are respectively prices of low-tech and high-tech goods, and are respectively output of low-tech and high-tech goods, is wage of unskilled labor and is wage of skilled labor, is population of unskilled labor in industry 1, and is population of skilled labor in industry 1, and so on.
Suppose that because of more integration to the world economy, price of the low-tech good falls by 5%, and price of the high-tech good rises by 5%. The following equations describe how changes in prices and factor rewards are related:
Here, , , , are the cost shares of each factor in each industry.
A) Calculate , , , and specify the skill-intensive industry.
B) Find changes to wages of unskilled and skilled labor. Use your numerical solution to explain the implications for real wage inequality.
2. The following table reports data on soybean yield, production, and trade for 2010-11.

Suppose that the countries listed in the table are engaged in free trade, and that soybean is land-intensive. Answer the following questions based on the assumptions and predictions of the H-O model.
Which countries are land-abundant?
In which countries do landowners benefit from free trade in soybean? In which countries do landowners lose from free trade in soybean? Explain.