Project #12071 - Economics

 

***This paper must be AT LEAST be 5 pages long--1300 words--- (not including a references page or cover page)---I do give GREAT TIPS for GREAT WORK!!!  You would be making approximately $10 a page PLUS TIPS!!!   

**MUST ENSURE NO PLAGIARISM....

Exercise:

Imagine that your boss asked you to help her to prepare the company's sales forecast for the coming two years.  In the past, she felt that such trends in the nation's GDP, U.S. manufacturing, and manufacturing in Illinois were especially helpful in forecasting sales. She would like you to do the following:

1. Go to the Bureau of Economic Analysis's Web site (www.bea.gov) and locate the gross domestic product data. Compare the annual figure for the last four years. What do the figures indicate for the next couple of years?

2. At the Bureau of Labor Statistics' Web site (www.bls.gov) under Industries, click on Industries at a Glance to find the information about the manufacturing industry. What is the employment trend in manufacturing over the last four years (percentage change from preceding period)?

3. Return to the Bureau of Labor Statistics' home page and use the Search feature to find trends in employment for the state of Illinois. Look around the Web site to see what other information is available. Plot the trend in manufacturing employment in Illinois over the last four years. On your own, discuss what economic changes may have influenced that trend.

4. Based on the information you have gathered, write a brief summary of what may happen to company sales over the next couple of years.

 

 

 If any papers contain word-for-word sentences or paragraphs, all but one (the original) should be in quotation marks and appropriately referenced.  Not more than 10% of your paper may be quoted.  I'm not interested in fluff – please focus on the main points, ground your arguments in relevant concepts and theory, and buttress your remarks with current literature.

The following format should be used for all applied research analyses. 

Please label each individual section....

1.  PROBLEM DESCRIPTION:The first section is the description.  Because everyone in the class has read and analyzed the problem, only those facts needed to introduce the nature of the analysis should be repeated. What are you planning to accomplish by the end of your report?  It should be very short and to the point.

2.  FINDINGS:  In general, you will be expected to answer the questions posed within the problems, demonstrating your understanding of chapter and course materials, constraints, and appropriate procedures and/or strategies.  Did you tap the relevant resources available to gather information, including outside readings and academic (peer-reviewed) literature?  At the masters level, you should be demonstrating critical thinking skills and the ability to reach beyond the basics – think outside of the box.  Critical thinking means that you should continually: 

  • Question assumptions
  • Consider context
  • Create and explore alternatives
  • Engage in reflective skepticism   (Brookfield, 1987)    
  • Acquire intellectual resources -- strategies for thinking about a problem or argument -- habits of the mind   (Bailen et al., 1999)

 

  • Appreciate the value of challenging and changing some of your social and emotional interpretations, assumptions and perspectives.
  • Judge the quality & value of an argument.

 


3.  DECISION-MAKING RESOURCES: In the course of determining the solution, we need to use organizational theories, processes and concepts; appropriate procedures and/or strategies; and outside readings and academic literature to help inform our analysis.  This is the most critical part of your paper -- indeed, of every paper you will write in this class.  What has somebody already thought about that might help explain why something happened and/or how we might fix it or come to a plan moving forward? There are hundreds of other sources -- texts, journals, authors’ web pages, government web sites, industry standards -- that also provide reliable information and suggest systematic ways of looking at the world. 

You should aim for “peer-reviewed” sources.  In addition to using scholarly journals, you can also find useful information in The Wall Street Journal, Forbes, Newsweek, various industry publications, and books, but these are not considered "academic" sources, so use them sparingly. 

There is no reason to reinvent the wheel -- see what's out there. Read, read, read.  There are several different tools that could apply to every problem.   Your job is to pick a few that make sense, explain in detail how they work, and then explain how they relate to the problem -- how they help to inform your decisions and recommendations to solve the problem.  Remember: Using multiple perspectives, or "triangulation," often leads to a richer solution. 

4.  RECOMMENDATIONS:  Based on your findings, what would you recommend?  This should entail both short term and long term implementation of appropriate procedures and strategies.  Short-term:  What do we need to do right now in order to bring the problem under immediate control?  Long-term: What should we do in the next year to solve the problem?  Can we put strategies into place that would prevent this problem from happening again?  What are the constraints of the problem situation? 

5.  FALLOUT:  Even if your recommendations are followed to the letter, there are still things that could go wrong. What are they?  Perhaps someone who is offered a promotion will say no.  Maybe the recommended training will not be well-received. What if the economy takes a nose dive, or a major supplier gets wiped out by a hurricane? What international or environmental factors could impact the outcome?

* NOTE *Buttress your remarks with current literature. Your research analysis should be informed by related articles in scholarly journals (i.e., peer-reviewed) or the popular press that are related to the findings, decisions and recommendations for solving your problem.  These articles should be referenced in your paper according to APA (American Psychological Association) guidelines.

 

 

Subject Business
Due By (Pacific Time) 09/10/2013 08:30 pm
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