Read the following post and give your comments on it. What do you agree with? What do you disagree with?

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There is a substantial difference between microeconomic and macroeconomic issues and policies. Microeconomic issues can be described as the most stringent and have the most effect. Microeconomic policies are much more sufficient and can help efficiently maintain the operations of the financial systems (Written by Jon Danielsson). Micro and macro policies both serve the same ultimate objective of ensuring that the financial system provides the best service to the economy (Written by Jon Danielsson). In a crisis or unstable time, a micro authority may want to increase margins and collateral to try and mitigate risk. If you are a economic advisor for an Athletic Conference you are dealing with things like this all the time. Both macro and micro enjoy and thrive off of a high degree of political support as well (Written by Jon Danielsson). Policy makers want to try and de-risk the financial system (Written by Jon Danielsson), which is not an easy thing to do. In unstable times like what we are currently going through (pandemic), a macro authority may want to try and decrease margins and sell more (Written by Jon Danielsson). Regardless if it is from a micro or macro standpoint, the first and most important thing you should think about when making a decision on a policy, is, is it right and what is best for the conference and the schools that are in the conference. You will have some schools and universities that have different numbers of students, payrolls/budgets and sizes in general.

Growing the economy is important and should be a priority for an economic advisor of an athletic conference. Demand side policies and supply side policies are important and are what helps grow and drive the economy (Pettinger, Kuare, Mehrnoush, Chambara, & Clydeshutu, 2019). Demand side are more important during a recession or during economic stagnation (Pettinger, Kuare, Mehrnoush, Chambara, & Clydeshutu, 2019). Monetary and fiscal policy are two policies that really help grow the economy. Monetary policy is the most common economic policy and is the most influential one as well. It focuses on lowering interest rates and reducing the cost of borrowing (Pettinger, Kuare, Mehrnoush, Chambara, & Clydeshutu, 2019). This can be applied to a person in an athletic administrator role or economic advisor to an athletic organization by learning and being aware of monetary policy and how it operates and how you can utilize it. The same thing can be said about fiscal policy as well. When the government boosts demand by cutting taxes and increasing government spending, there should be lower income taxes and more disposable income (Pettinger, Kuare, Mehrnoush, Chambara, & Clydeshutu, 2019). There are probably a lot of Universities that are looking for a little more disposable income to try and invest it in places that they need it. Examples could be athletic facilities, staff or their teams traveling to different locations. It helps open many doors!