Macroeconomics Term Paper

PRINCIPLES OF ECONOMICS I ECN 2025 SOCIAL PROCESS TRIANGLE OUTLINE

I. SUMMARY II. INTRODUCTION – Discuss the use of the Social Process Triangle as your model III. CULTURAL FORCES

A. Population B. Growth rate C. Literacy D. Education

1. Skill level E. Social structure F. Family roles G. Basis for value system H. Customs I. What does this mean for firms in your industry wanting to do business in this country?

IV. ECONOMIC FORCES A. GDP B. Marketing – Sales, Promotion, Advertising, etc. C. Distribution systems

1. Physical infrastructure 2. Telecommunication systems

D. Financial services 1. Currency stability & Exchange Rate Mechanisms 2. Interest rates 3. Inflation

E. Capital resources 1. Production capabilities 2. Technology

F. Property ownership G. Workforce H. What does this mean for firms in your industry wanting to do business in this country?

V. POLITICAL FORCES A. Balance of payments

1. Balance of trade a) Export b) Import

2. Current Account 3. Capital Account 4. Reserve Account

B. Political stability 1. Expropriation 2. War/Terrorism

C. Trade regulations & standards 1. Tariffs 2. Non-tariff trade barriers

D. Laws regarding trade/commerce 1. Intellectual Property Protection 2. Antitrust 3. Transparency 4. Dispute settlement 5. Investment climate

E. Government procurement F. Corruption G. Foreign exchange controls H. What does this mean for firms in your industry wanting to do business in this country?

VI. OPPORTUNITIES/THREATS – For U.S firms in your industry doing business with or in this country VI. CONCLUSION

RESEARCH PAPER ATHENA MIKLOS, PROFESSOR

Governments develop and support economic systems that they believe will give their society a competitive advantage and worldwide recognition as a viable global force. Every country's social system is comprised of three components: cultural forces, economic forces, and political forces. These dynamic forces are in constant motion and prove to be a challenge to firms entering foreign markets.

Today, a firm's competitive environment is not confined to its national borders. Firms try to achieve greater market share and gain competitive advantage by selling in global markets. In order to be successful, firms must fully understand the countries with which they do business. To do this, firms develop strategy based on an analysis of the environment in the foreign country.

To help you understand this very contemporary economic concept and apply it to global advantage, you are required to submit a research paper that examines the cultural, economic, and political forces in a country of your choice. You are not permitted to use a country where English is the primary language spoken. India is the only exception to this. After examining these forces, you must identify the challenges or opportunities that firms face when trying to do business in these countries and make recommendations to firms entering these markets.

You may work in teams or individually to research then submit a term paper. Teams or individuals must select a country to research by the end of the 3rd week of classes. A list of at least 10 references will be submitted by the end of the 6th week of classes and an outline by the end of the 10th week of classes. Your final paper is due by the end of the 13th week of classes. Check course schedule to confirm firm due dates. For each component not submitted, 10 points will be subtracted from the final term paper before it is graded. Therefore, it is possible for a team or individual to lose up to 30 points on the term paper before it is submitted.

Each team or individual will submit a typewritten term paper. Make sure you have two copies of the paper, one to turn in and one for your own files. You may put a copy on your hard drive but make sure you also have it on a flash or floppy drive in addition to your hard copies. The term paper must consist of no more than 20 typewritten pages, 15 pages for an individual, and will include a title page, a running head, a header, a summary, and a list of at least 10 references. I will go over specific details in class and give you handouts that will help.

Use the format presented in the Publication Manual of the American Psychological Association (APA). Copies of this are available at the Campus Bookstore and are also available in the La Plata Campus Library. It is not necessary to purchase a copy. I will go over general APA information in class. You must, however, examine the manual for specifics. FOLLOW THE FORMAT VERY CAREFULLY. A TOTAL OF TEN (10) POINTS WILL BE SUBTRACTED FOR NOT USING THE APA FORMAT. The specific due date appears on the Tentative Schedule of Assignments attached to this syllabus.

The final typewritten paper should include a running head, headers, and headings as indicated in the outline that will be given to you at a later time. See the APA manual for information regarding running heads, headers, and headings. Additional specifications will be discussed in class. PAY ATTENTION AND ATTEND CLASS ON THAT DAY!!!!!!!!!!!

You must reference approved magazines and newspapers. The Wall Street Journal, the Economist, the U.S. News & World Report and the New York Times are highly recommended references. Make sure that your references are diverse. I will approve them. You may not use Wikipedia or encyclopedias. Your best bet is to use periodicals and journals. No books are permitted unless I specifically approve them. Information in books are too old. Remember, business is a dynamic filed and not static. It is ever changing and your research must reflect that.

Those working in teams will have the opportunity to evaluate each other’s team performance. While the term paper will receive one grade, your individual grade will be a combination of the term paper grade and your team's evaluation of your achievements and participation. The paper grade will represent 80% of your grade and your team evaluation will represent 20% of your grade. A copy of how your peers will grade you is attached to your syllabus. Do not use this form. I will make copies of forms for you to use at the end of the semester. Team member evaluations are kept confidential. Also, you may fire team members no later than the last day of mid-semester week. This should give an unemployed member time to either do an individual term paper or find another team. In addition, you may choose to be on a team in any section I teach. Therefore, your individual course section is irrelevant.

If you choose to do an individual paper you are responsible for a 10 minute classroom presentation of your findings and conclusions. You will then respond to a five minute question/answer period. For individuals choosing this option, 20% of the grade will be based on the presentation and 80% of the grade will be based on the written component. Take this presentation seriously. Your papers will be corrected

and returned before your presentations. Therefore, you must make changes to your presentation based on my comments. Dress appropriately. You must use 3x5 note cards. DO NOT READ YOUR PAPER TO THE AUDIENCE. This will result in a failing grade. Make sure you have at least two visuals to stress important points. A copy of how you will be graded during the presentation is attached to this document. Read it very carefully. It is the basis for your grade.

Finally, while this is not a grammar class, I will be looking at your grammar and mechanics. I usually go over some of this during a class period at the beginning of the semester. I am especially concerned that students cannot make the distinction between singular and plural. We will go over this in class. If you do not make the distinction in your final paper, I will subtract 1 point for each error. For example, the United States is a country and is singular. If you refer to it, you may not say “they decided to evoke Special 301 status.” Instead you should say, “It decided to evoke Special 301 status.”