Critically assess the extent to which “the ideas of economists” might improve the performance of an organisation of your choice.

The applicable economics concepts and ideas for the performance improvement of an organisation

Assignment Question:

John Maynard Keynes said in the General Theory of Employment, Interest and Money that

“The theory of economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique for thinking, which helps the possessor to draw correct conclusions. The ideas of economists and politicians, both when they are right and when they are wrong, are more powerful than is commonly understood. Indeed, the world is ruled by little else. Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist."

Critically assess the extent to which “the ideas of economists” might improve the performance of an organisation of your choice.

Assignment writing contents guideline:

1. Explain the benefits and costs of globalisation from the perspective of your chosen organisation. Your answer should, among other things, consider competitive pressures, supply chains, protectionism, and employment.
2. You should, wherever possible, provide evidence from the firm’s annual report to support your arguments regarding the positive and negative impacts that globalisation has had on it.
3. Understand the nature of agreement and disagreement amongst economists. Please refers to some economists’ ideas and argue that those ideas will improve the performance of your chosen organisation.
4. Understand the basis of economic activity.
5. Understand how an economy functions at microeconomic and macroeconomic levels.
6. Understand the vocabulary of economics and analytical processes used by economists
7. Understand the analytical base of policy decisions by consumers, organisations and governments.
8. Recognise and apply concepts from economics to other areas of management.

Assignment writing style:

1. Please use Harvard writing style with intext citations. e.g. Ford (1958) said … e.g. …. (Ford and Thomas, 1958).
2. Please use a least 20 academic references from academic journals, books and trustable economic websites. Please put the internet source URLs at final reference list.
3. The total word count should be 2,500 words (without reference lists).
4. The assignment should be in critically assessed report of your chosen organisation (report style writing).