ECON 210 Embry Riddle Aeronautical University Firms in Our Macroeconomics Essay

Description

In our session this module week we’ve been discussing the differences between micro and macroeconomics. Hopefully, you’ve learned a lot from our deep dive into the Circular Flow Model. Let’s put what we’re learning to the test! In this assignment, prepare a short essay that distinguishes the role of firms in our macroeconomy. 

In your essay, identify the following:

Choose a real-life example of an oligopolistic market structure in the U.S.

Identify how your firm has been impacted by our macroeconomy.

  • Determine if your firm was dependent on the federal government for a bailout and/or restructuring.
  • Describe the factors your chosen firm has taken to avoid market failure at a macro-level.
  • Examine how your chosen firm affects our macroeconomy with regard to economic output.