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Assess How Student Organizations Take into Consideration Macroeconomic and Microeconomic Theories and Principles When Making Business Decisions

Essay by lapsurgeryph  •  August 31, 2018  •  Essay  •  364 Words (2 Pages)  •  209 Views

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1*Assess how student organizations take into consideration macroeconomic and microeconomic theories and principles when making business decisions.

During enrolment, student orgs took a poll and assessed the demand for additional classes not offered in this term. Names of students were taken to check if the minimum requirement per class will be met after which ; these are lobbied to the administration who will check if there are professors available to teach and if their schedule will allow. (law of supply and demand)

This year’s eagle run chose to benefit the victims of the marawi siege. the org may have chosen this because they feel that the government may not be doing enough; are not reaching certain sectors of marawi or are just slow to implement. I respect that decision.

However I feel that another charity or group may benefit more. The rebuilding of Marawi may not be a one time expenditure project in that after you spend the estimated 1 billion pesos to build roads, houses and basic services all activities will return to normal. It will take a few year to regain peace, order and regrow the once robust businesses. The local and national government should take on the majority spending in setting up the damaged infrastracture and basic services of the city. If the proceeds of the run grossed half a million pesos i think it will be more advantageous to adapt a school,barangay or church feeding program as perpetual sponsor than plunk it once into a major disaster site. I hope that the policy in choosing the beneficiaries by the orgs is not a different “victim”/ beneficiary each year. My idea is to divide total proceeds of all fund raising activities into two beneficiary groups. One group gets a major share (60%) and could be perpetual program like adopting a school feeding program for at least 3-5 years and assessing the performance of the project annually. The second beneficiary group/groups will take portions (40%) can be for one time / single project activities e.g.rebuilding a mosque’s roof in marawi, a medical mission etc .( opportunity costs; microeconomics; normative & empirical economics; Policy making: efficiency, equity, growth,stability.)

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