The purpose of this final assignment is to briefly describe how I met the student learning outcomes for the course. Within Leadership. Every day, millions of economic choices are made by people—from what brand of soap to buy to how many employees to hire for a factory. Microeconomics provides us with the tools, models, and concepts to better understand individual choices in the marketplace and how resource allocation is determined at the micro level. This paper examines some of the economic and legal factors that can affect a company as it transitions from a private to a publically owned company.
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What is Microeconomics? This question was left unanswered when I initially enrolled in this course. Microeconomics is the social science that studies the implications of individual human actions, specifically about how those decisions affect the utilization and distribution of scarce resources. Microeconomics shows how and why different goods have different values, how individuals create more efficient or more productive decisions, and how individuals best coordinate and cooperate with one another. Microeconomics is the part of economics that analyzes the market behaviors of individual consumers and businesses in an effort to understand the decision-making process of those two communities.
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