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Padlet opening post photo. Illustrator File

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Questions 1-3.

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Without a Macro scope and rules in place, small independent companies would not be able to grow and prosper because within a free market prices are unrestricted and governed by privately owned companies. This is important because competitors can continually undercut the lowest price until the monopoly brands could only produce. With less profit margins, local business owners get "eaten up" by larger corporations.

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Loans are an interesting concept within economics and can be applied to both Macro and Micro economics. The consumer being the individual, depends on a larger source for money in order to grow. But, the bank relies on money provided by the consumer to spread around to other customers. If every consumer demanded all of their money back, the bank would be speechless because their cold hard cash has been distributed to multiple clients and created a "paper trail" or "balance".

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This is a perfect metaphor for Microeconomics vs. Macroeconomics because micro focuses upon each individual tree as its own, and macro observes the entire forest. Each scope is applied differently to concepts and differs upon the subject.

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We often complain about high prices as consumers, but how can we change these prices and take control? While looking goods and services they are 3 common types of prices.
1. A Good Price
-We consider these good deals and products and services being offered at an unbeatable price. The consumer usually dictates the price when inflation rates reach too high.
2. A Ridiculous Price
-Items that only consumers with a high disposable income can "afford". (Inflation)
3. An Expensive Necessity
-Items such as gasoline and certain food products that no matter the price, we need to buy in order to live.

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Macro vs. Microeconomics; How do we Apply them? By: James Critch-Heyes

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Macro vs. Microeconomics; How do we Apply them? By: James Critch-Heyes

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The intent of this Padlet is to discuss and explore the the similarities and differences between Macro and Micro Economics. A thought to take away from this page is that all economics are not Macro, the individual choice we make on a daily basis make a difference and without small contributions made by everyone, it makes it difficult for our Nation to succeed. Topics that will be discussed range from GDP to Scarcity and Opportunity Cost, I hope you enjoy and expand your knowledge about our economy.

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Video #2: 10 Global Risks Facing Canadian Exporters

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Video #2: 10 Global Risks Facing Canadian Exporters

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Every Entrepreneur faces economic risks, Canadians especially. With the Canadian dollar being worth less than the US, it makes it very difficult to produce goods and services within Canada. In order to create products it requires to much money to import goods to start production. With a weak demand from competing countries for our goods and services it leads to a higher unemployment rate. Without any producers willing to pay labourer fair wages, it drives the unemployment rate up. This is why it is important to support local brands and businesses. These Entrepreneurs are the ones generating income within Canada.

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Export Development Canada | Exportation et développement Canada - EDC

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Top 10 Global Risks Facing Canadian Companies

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Doing business in international markets always comes with risks. The hazards can range in scale from an economic crisis in a country where you're operating, down to a company-level shock like the cancellation of a big foreign contract.

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When the average person thinks about Economics, they think large scale typically. Asking themselves questions like "How does this apply to me?". Although this video may be a tad childish, it assists a younger consumer understand Macroeconomics as a whole without them even noticing. More Producers should incorporate these concepts in creative ways to familiarize children with a bigger picture. Trade off value can be applied to everyday life and help children understand how important time management is at a young age.

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Website #3"Chewing Gum & Purchase Decisions"

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Website #3"Chewing Gum & Purchase Decisions"

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Microeconomics studies consumer behaviour and how we as individuals interact with one another. This link is about how chewing gum can alter a consumers decisions.This study was conducted by students at the Ted Rogers School of Retail Management at Ryerson University and illustrates how chewing gum increases brain activity, influencing shoppers to think about their purchases and how wisely they spend their money. Spending less money will effect our Economy in the long run, we must all contribute and purchase goods/services to succeed.

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A stick of gum may help if you want fresh breath, but a new Canadian study claims that simple act could also influence your shopping habits.

In a study published in the "Journal of Retailing and Consumer Services," researchers at the Ted Rogers School of Retail Management at Ryerson University say chewing gum may encourage customers to spend more time in a store.

"As people are chewing gum, they have this increased cognitive function, and that allows them to think more while they're in the store," Mark Lee, a professor and co-author of the study, said in an interview with CTV Toronto.

The researchers conducted five separate studies, with a desire to understand what stores can give to influence shoppers' behaviour.

The first four studies were conducted in a U.S. university's lab and involved 300 students. The researchers compared those students who were given gum to chew versus those who didn't. The students were asked to perform tasks ranging from buying a book from an online outlet to buying gifts for family members and friends.

The students were also asked to write down their thoughts about the purchases or list the number of items they looked at before they made their purchase.

Those who were chewing gum were found to have spent more time browsing items and listed more thoughts about their purchases.

In the final study, 56 customers at a major grocery chain store were surveyed, with half given gum. Before the customers entered the store, they were asked to fill out a survey listing what they were considering purchasing.

Those who were chewing gum were found to have spent more time in the store and bought more items. However, they didn't spend more money than the customers who weren't given gum.

But researchers did discover the amount of gum is key. Too much gum and the benefits are lost.

"Now they're focusing too much on the gum itself and the chewing task itself, rather than just kind of looking at the store," said Lee.

Stores have long looked to influence customers' shopping habits, using methods such as colour choices or music.

"Sometimes they play slower music to keep you l HL: Chewing gum may encourage you to shop more: study

onger in the store and if they want you to kind of hurry up, they play some fast songs," Ksenia Sergueeva, a graduate student at Ryerson University and a co-author of the study.

Researchers suggest retailers offer customers a sample of gum, and target those who have the time to browse and are not being distracted by family or friends.

With a report from CTV Toronto's Scott Lightfoot

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Chewing gum may encourage you to shop more: study

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A stick of gum may help if you want fresh breath, but a new Canadian study claims that simple act could also influence your shopping habits. In a study published in the "Journal of Retailing and Consumer Services," researchers at the Ted Rogers School of Retail Management at Ryerson University say chewing gum may encourage customers to spend more time in a store.

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As broadcasting technology moves forward, the world grows accordingly. As Bell media begins to acknowledge
pressure from other media outlets from other countries they begin to downsize their labour force (Structural Unemployment). This is important because it provides us with a clear and concise example of unemployment within our own community. We can relate to these individuals because these jobs are being taken away from our local labour force, this being Mirco, and Bell competing with other Media Broadcasters in other countries, being Macro.

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TORONTO-Bell Media says it's embarking on layoffs as it restructures operations amid a challenging industry landscape.

The division's vice-president of communications, Scott Henderson, said in an email that the company is not disclosing the number of people who will be impacted by the cutbacks.

He said more than two dozen Bell Media locations across the country are impacted and layoffs, which began Monday, are ongoing.

Henderson said the restructuring comes as it and other media companies in the country face increasing international competition, the evolution of broadcast technology, and advertising and regulatory pressure.

He said regulatory decisions, like the CRTC banning Bell Media from substituting Canadian ads over American ones during the Super Bowl this year, have had a significant revenue impact.

Bell Media owns dozens of local TV stations and specialty channels, 105 licensed radio stations and more than 200 websites and over 30 apps. The media division employed 6,568 people as of Dec. 31, 2015, down from 7,342 a year prior.

BCE Inc. (TSX:BCE) will report its fourth-quarter earnings on Thursday. Last quarter, Bell Media's revenues rose by 3.5 per cent to $716 million thanks to subscriber growth from The Movie Network, its Crave TV streaming service and TV Everywhere.

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Bell Media lays off employees Canada-wide amid restructuring | The Star

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TORONTO-Bell Media says it's embarking on layoffs as it restructures operations amid a challenging industry landscape. The division's vice-president of communications, Scott Henderson, said in an email that the company is not disclosing the number of people who will be impacted by the cutbacks.

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Website #1: Canadian Inflation Rate Forecast             2017-2020

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Website #1: Canadian Inflation Rate Forecast             2017-2020

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While searching for articles online to demonstrate Macro economics I stumbled upon this. As we know Inflation play a role within this scope of Economics and is what helps consumers predict when prices will raise and fall. I believe this information is shocking due to the fact that the overall Canadian Inflation rate will almost rise by 1% by 2020. Another Interesting attribute about this source is it provides and extensive list including other specific contributors and stats to Macroeconomics such as GDP, Consumer Price Index,and Import/Export Prices.

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Inflation Rate in Canada is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Canada to stand at 2.10 in 12 months time.