ECON 2301 – PRINCIPLES OF MACROECONOMICS – SPRING 2021 SHORT PAPER ASSIGNMENT SOCIAL RESPONSIBILITY IN INTERNATIONAL TRADE

BACKGROUND:
All students in Principles of Macroeconomics classes at Collin College in the Spring 2021 semester are
required to complete a short paper evaluating their social responsibility skills according to the State of
Texas core objectives on social responsibility. This is a mandatory Collin College paper assignment
designed and administered through the Economics Department. The Texas Higher Education
Coordinating Board has defined the core objective of “Social Responsibility” as intercultural competence,
knowledge of civic responsibility, and the ability to engage effectively in regional, national, and global
communities. The below four state core objectives are the criteria used for the assessment of your paper.
1. Understanding the characteristics of communities and/or cultures: You must thoroughly articulate
the perspectives, beliefs, traditions, or needs of various groups involved where community or
culture is defined as any group of people with similar backgrounds or interests.
2. Recognizing principles of social or civic responsibility: You must provide an in-depth discussion
of how societal issues affect communities and/or cultures.
3. Addressing influence of social principles: You must thoroughly address how social elements
influence behavior and decision-making where social elements can include but are not limited to:
history, religious beliefs, politics, communication style, economy, etc.
4. Impact of social engagement: You must show deep understanding of social engagement through
thorough recognition of the impact of personal/social actions on communities and/or cultures.
ASSIGNMENT INFORMATION:
Assume the following hypothetical scenario: Topnotch Protection Corporation is an American company
that manufactures cost-effective protective covers for smartphones made out of innovative composite
material, which currently are being manufactured and sold only in the United States. Topnotch has
received interest for its innovative protective covers from various countries in Africa, Asia, Central
America, Europe, and South America. Topnotch management is considering selling as well as
manufacturing its innovative protective covers overseas in those countries to meet international consumer
interest.
ASSIGNMENT INSTRUCTIONS:
Select a specific country from the above-mentioned regions. Discuss this developing international trade
scenario from a social responsibility perspective by analyzing and explaining the company’s potential
international trade with your specific country in accordance with the four core objectives listed above.
Emphasize the following in your discussion of the above four core objectives (you must address all of the
following points in your short paper):
1. Necessary interactions among the following culture groups with their respective perspectives,
beliefs, traditions, or needs: the firm’s management, the firm’s current domestic production
workers and sales staff, the potentially hired workers and sales staff overseas, government
regulators overseas, and customers overseas etc. (address at least three of these groups). For
example, what could be the different perspectives of these groups on international trade etc.?
2. Necessary consideration of how societal issues affect these communities and/or cultures. For
example, how do these groups view domestic versus foreign manufactured products? Is there a
societal preference in your selected country to favor one over the other for certain products and
how does this affect these cultural groups and Topnotch Protection Corporation?
3. Necessary consideration of how social elements influence the behavior and decision-making of
your selected culture groups. For example, how does the economy and economic conditions in
your selected country influence the behavior and decision-making of your selected culture groups
in terms of Topnotch Protection Corporation penetrating the market? Or how do beliefs and
communication style in your selected country influence the decision-making of cultural groups in
terms of advertising/marketing strategies as well as consumer behavior, government regulator
behavior, etc.
4. Necessary consideration of how personal and/or social actions impact cultural groups. For
example, how does the personal responsibility of income/profit maximization of cultural groups
intersect with the social responsibility of cultural groups to maximize societal welfare such as to
achieve maximum economic growth, full employment, etc. in your selected country? What
actions, individually and/or collectively, may cultural groups undertake to support desirable
outcomes for society?
Conclude with a concise summary in line with the four social responsibility core objectives listed above.
ASSIGNMENT RULES:
Please write up your answers in a minimum of 3 pages and a maximum of 5 pages including references.
Your coverage of each of the four core objectives should be a minimum of about 2/3 of a page in length.
Please format your paper double spaced, size 12 type, Times-Roman font, with 1-inch margins at the top,
sides, and bottom of each page. Please do not add a cover page. The title of the paper, your name, and
your Collin College CWID number should be centered at the top of your first page.
The paper is due as announced on the syllabus. Please submit your paper as an electronic file (word
file or pdf file). Please save the file with this naming protocol: Your last name-Your first name-Collin
College ID-Econ2301.
This short paper is worth 10% of your grade. You will achieve a good grade for demonstrating:
1. Correct findings 4. Meeting the core objectives
2. Complete report 5. Following the instructions
3. Complete citations 6. Correct spelling and good use of grammar.

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