Tracking Macro Variables For Micro Decision Making

Introduction

Every business operates within an external environment. The economic composition of this environment may create an enabling or stifling setting for an individual business. An awareness and understanding of these may help a business to be proactive in its decisions and create an edge for itself in the competitive environment. Economic environment and the component economic variables are important indicators that reveal the health of an economy. They also specifically give signals about the forthcoming opportunities and impending dangers. Knowledge of these variables and comprehension of changes in them can enable appropriate and well informed decision making.

Objectives of the MDP

• To enable participants to interpret macro-economic variables
• To enable participants to co relate macro-economic variables
• To enable participants to identify macro-economic variables relevant to specific micro-level decisions

Programme Contents

• Macro-economic variables with a layman view. These would include economic growth, inflation, fiscal deficit, exchange rate, and interest rate
• Knowledge sharing about the key policy announcements - the time, periodicity, and understanding of the components
• Application of the macro economic variables in actual or micro level decision making in business organizations

Pedagogy

Mix of lecture, interactive discussions and illustrations

For Whom

• The program is designed to help managers in positions of decision making that require information of changes in economic environment

Duration:

One day.

Faculty Incharge

Dr. Deepti Kakar