ECO 102 · Unit 1 of 7
Measuring the Economy
Macroeconomics and the Global Business Environment
Start unit · 5 lessons →Learning objectives
After completing this unit, you will be able to:
- Apply frameworks from \
- Apply the frameworks in "Measuring the Economy" to a real management decision
- Make progress on your Macroeconomics and the Global Business Environment applied project applied project
Why this matters
Measuring the Economy is essential to Macroeconomics and the Global Business Environment. Complete all lessons in this unit, then finish the assessments on the unit page.
Lesson
Unit overview
Work through each lesson in order. This unit covers Measuring the Economy as part of Macroeconomics and the Global Business Environment. Lessons build on one another; complete the knowledge checks and applied work on the unit page after finishing all lessons.
Connection to applied work
This unit feeds directly into Macroeconomics and the Global Business Environment applied project. As you read, capture notes, examples, and data you can reuse in that deliverable. Strong students finish each unit with a draft section of their project, not just highlights.
Practice
- Write a one-page summary of this unit in your own words without looking at the lesson.
- Find a real company example (public filing, news article, or personal experience) that illustrates the main concept.
- Draft one paragraph recommending an action a manager should take based on this unit.
- Add at least three terms from this unit to your course glossary.
Knowledge check
Answer these without notes before marking the unit complete:
- What is the central idea of "Measuring the Economy"?
- What mistake do beginners most often make when applying this material?
- How does this unit help you complete Macroeconomics and the Global Business Environment applied project?
- What is one decision you face this month where this unit applies?
Key takeaways
- Apply frameworks from \
- Business concepts only matter when they change a decision.
- Your ECO 102 assessment (Business cycles, monetary and fiscal policy, global economy, and macro strategy.) rewards applied understanding, not memorization.
Unit assessment
Complete each section below. Score 80%+ on the quiz to finish this unit's assessment.
Exercises
Apply what you learned in this unit with structured practice.
Deliverable
300–500 word analysis document saved to your portfolio under ECO 102.
Rubric
- • Framework applied correctly (not just named)
- • Specific evidence from a real example
- • Clear recommendation with tradeoffs acknowledged
- • Professional writing with source citation
Deliverable
Problem solutions + 150-word reflection in your ECO 102 workbook.
Rubric
- • Attempted all practice items before checking answers
- • Honest reflection on errors
- • Identifies a specific review action
Case analysis
Analyze a case using frameworks from this unit.
Deliverable
2-page case write-up in your portfolio.
Rubric
- • Case facts are accurate and sourced
- • Analysis uses unit frameworks explicitly
- • Recommendation is justified with tradeoffs
- • Risks are specific, not generic
Knowledge quiz
Check your understanding before marking the unit complete.
1. Harborline has $890M revenue with 42% exports. Domestic revenue is closest to:
2. Omar forecasts machinery demand using German real investment growth with beta >1. This reflects:
3. Harborline's Monterrey plant output counts toward:
4. Steel PPI rises 9% while headline CPI prints 3.2%. The best Harborline input cost watch is:
5. Ohio welder wages rise 7% while output per welder falls 4%. Unit labor cost:
6. India shows fast nominal GDP but Harborline still models PPP and productivity because:
7. ISM manufacturing beats consensus but new orders subindex is 49.8 and Harborline orders are −3% YoY. Best read:
8. Weighted Harborline input index: 40% metals at 109, 25% electronics at 104, 20% labor services at 103, 15% logistics at 108 (base 100). Index equals: