Business leaders no longer operate within the boundaries of a single city or country. Even small businesses are influenced by global supply chains, international trade, currency fluctuations, geopolitical events, technological innovation, labor markets, and financial systems that connect economies across continents. To make informed strategic decisions, modern managers must understand how the global economy functions and how economic forces shape opportunities and risks.
Understanding the Global Economy is a practical, executive-oriented course designed to provide Junior MBA students with a working knowledge of the economic systems that drive business activity worldwide. Rather than emphasizing abstract economic theories or mathematical models, the course focuses on how economic conditions influence corporate strategy, investment decisions, pricing, expansion, employment, innovation, and competitive positioning.
Students will learn how governments, central banks, multinational corporations, financial markets, consumers, and technological developments interact to create the dynamic global business environment. By the end of the course, students will possess the economic literacy necessary to interpret world events through a business lens and make better strategic decisions in increasingly interconnected markets.
Course Objectives
By the conclusion of this course, students will be able to:
• Understand the structure and functioning of the global economic system.
• Analyze how economic forces influence business performance and strategic planning.
• Recognize the impact of international trade, globalization, and supply chains on organizations.
• Understand the roles of governments, central banks, and financial institutions in economic stability.
• Evaluate the business implications of inflation, interest rates, unemployment, and economic growth.
• Analyze currency movements and their effects on international business operations.
• Understand the economic consequences of technological innovation and demographic change.
• Recognize geopolitical and economic risks facing global businesses.
• Develop the ability to interpret major economic indicators from an executive perspective.
• Apply economic thinking to practical business and management decision-making.
