Macroeconomic Changes in the Economy: The U.S. Automobile Industry Case Study by Nicky

Macroeconomic Changes in the Economy: The U.S. Automobile Industry
A case study on the changes occurring within the automobile industry.
# 148973 | 1,471 words | 10 sources | APA | 2011 | US
Published on Nov 16, 2011 in Economics (Macro) , Economics (General)


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Description:

This paper provides a case study in the changing face of the United States automobile industry. Beginning with an industry overview of recent macro changes in the economy, it continues with a section on the impact of the automobile industry as of late. The writer then uses the rest of the paper to look at the various macro changes in the economy, such as unemployment and inflation, to account for the changes and bailout of the United States automobile industry.

Outline:
Industry overview
Economic indicators and their impact on the automobile industry
Gross domestic product
Unemployment rate
Inflation rate
Personal income
Interest rate
Producer price index

From the Paper:

"A more in depth look at the industry will reveal that customer demands for vehicles are in direct relationship with employment and interest rates. The ultimate success of a manufacturer depends on its abilities to operate efficiently, to develop and implement adequate marketing strategies and to ensure high levels of product and service quality. The large size entities produce various products and sell them under different brand and the small size manufacturers often produce a single product line. Finally, the large size companies enjoy the benefits of scale economies, mostly materialized in increased access to resources, reduced costs and a wide customer palette. The small size producers are focused on specific and specialized markets. The industry has been subjected to intense processes of automatization, meaning that the demand for unskilled labor force decreased and the demand for skilled workers increased. This led to a situation in which the mean revenue per employee in the industry is of $1.4 million per annum. The estimated growth rate of the industry for 2009 is of a negative 13 percent, with hopes of a positive 4 percent increase in 2010 (Hoovers, 2009)."

Sample of Sources Used:

  • Ford Motor Company, Hoovers, 2009, http://hoovers.com/ford-motor/--ID__10597,FRIC__--/free-co-competition.xhtml last accessed on May 8, 2009
  • Gross Domestic Product, U.S. Bureau of Economic Analysis, 2009, http://www.bea.gov/briefrm/gdp.htm last accessed on May 8, 2009
  • Interest Rate Trends, Mortgage-X, 2009, http://mortgage-x.com/trends.htm last accessed on May 8, 2009
  • Producer Price Indexes, United States Department of Labor, http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?request_action=wh&graph_name=WP_ppibrief last accessed on May 8, 2009
  • The U.S. Unemployment Rate January 1948 to March 2009, Misery Index, 2008, http://www.miseryindex.us/urbymonth.asp last accessed on May 8, 2009

Cite this Case Study:

APA Format

Macroeconomic Changes in the Economy: The U.S. Automobile Industry (2011, November 16) Retrieved December 15, 2019, from https://www.academon.com/case-study/macroeconomic-changes-in-the-economy-the-us-automobile-industry-148973/

MLA Format

"Macroeconomic Changes in the Economy: The U.S. Automobile Industry" 16 November 2011. Web. 15 December. 2019. <https://www.academon.com/case-study/macroeconomic-changes-in-the-economy-the-us-automobile-industry-148973/>

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