The macroeconomic environment that affect my daily life are budget constraints and supply and demand. I am always money conscious and try my best to get the most for my money with buying good quality products. I am always budgeting and making sure everything is paid for before I spend money on my personnel self. I also think with taking this course during the Covid 19 pandemic really opened my eyes to how this effects everyone in different ways. With the stimulus checks to unemployment and government roles playing into the economy it opened my eyes to a lot of things.
Things I can do better after completing this course is looking more into what my union does and what can they do for my union as a whole. Making better investments with my purchases and get the most for my money instead of what the cheapest is and having to replace it faster then getting the most out of it. This class has really opened my eyes to everything
2nd students discussion
Microeconomics forces can have an impact on our daily lives. Microeconomics can set the salaries of most of society. The wages are set up by supply and demand for a person with a specific job task. If the job you are in has a high demand you might have a higher wage. Limited resources also play a part in life. Time and money are limited for a company. Businesses must make the decisions leading to the best business to result in maximizing profit.
Microeconomics also sets the price of anything we can buy. From rent, mortgage and products from the store is determined by supply and demand. It forces for us to decide how much money we are making and how much we can spend on the things we need. We are all profoundly influenced by microeconomics. This class has shown me how make better economical choices.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here