Global Managerial Economics-Phase 1 – Macro and Microeconomic Concepts in a Global Context

Task Type: Individual Project   Deliverable Length: 1,000–1,600 words    
Due Date: 5/28/2014 11:59:59 PM  CT [removed] – 3-4 APA REFERENCES- APA FORMAT   

Before making a decision about entering into the global market, business owners must familiarize themselves with some macro- and microeconomic concepts:



  • The World Bank and International Monetary Fund
  • Imports and exports as part of GDP
  • Multinational corporations
  • Foreign direct investment and capital flows
  • Foreign exchange market and exchange rates
  • Labor theory of value
  • Marginal rate of transformation
  • Gains from trade, comparative advantage
  • Economies of scale

In a paragraph each, define these terms. Then, discuss how these terms individually apply to both supply and demand and to a business owner who is contemplating expanding internationally.