Economics for Business
Based on our in-person program, Understanding Global Markets: Macroeconomics for Executives, the online program offers those who would previously be limited in accessing the on-campus course the opportunity to engage with a portion of the content in a flexible and personalized way, through a highly collaborative and supportive online environment. Participants will explore the purpose and impact of macroeconomic policies, and consider a range of factors influencing large-scale, global economics. Using both current and historical case studies, you’ll be introduced to key macroeconomic concepts, including the roles of central banks and governments, the creation and mitigation of financial crises, and the macroeconomic policies shaping international trade, among others. You’ll also be encouraged to consider the impact of new and emerging technologies such as cryptocurrencies and artificial intelligence, while engaging in problem-solving scenarios and interactive discussions. By examining the effect of these influences on business, you’ll develop an intuition for macroeconomic trends that can be applied in the real world.
"To be useful, economics needs to tell stories: stories that are relevant to the everyday person, stories that reflect some of the dilemmas and mechanisms that actually take place in real life, and stories that ultimately are easy to tell, that are convincing, and therefore persuasive and memorable."
― Roberto Rigobon (Citing economist Sebastian Edwards)
Earn a certificate of completion from the MIT Sloan School of Management in this online program and be empowered to:
- Account for the impact of macroeconomic events and trends in your decision-making
- Identify and evaluate a range of macroeconomic variables, policies, and financial indicators
- Access tools and frameworks to navigate the economic influences affecting your business
- Engage in problem-based learning to develop a critical intuition for macroeconomic trends
- Benefit from the research and teaching of world-renowned economist, Professor Roberto Rigobon
This online program integrates rich, interactive media such as videos, infographics, and e-learning activities as well as traditional didactic components such as written study guides (program notes). There are also opportunities for collaborative learning through discussion forums. The following modules contribute to the holistic approach of your learning path:
WELCOME TO YOUR ONLINE CAMPUS: ONE WEEK
You’ll be welcomed with a personal call and get introduced to your online teaching and technical support network. Begin connecting with fellow participants while exploring the navigation and tools of your Online Campus. Be alerted to key milestones in the learning path, and review how your results will be calculated and distributed.You’ll be required to complete your participant profile, confirm your certificate delivery address, and submit a digital copy of your passport/identity document.
MODULE 1: THE GLOBAL ECONOMY
This module focuses on highlighting solutions and methods involved in correcting a stalled economy.
MODULE 2: CONSUMER CONFIDENCE AND POLICY EFFECTS
This module explores how macroeconomic policies can be designed to promote economic stability. You’ll learn to recognize how consumer confidence influences the economic cycle, and debate the efficacy of monetary policies in specific contexts of recessions, booms, and financial crises.
MODULE 3: CURRENCIES, CRISES, AND CRYPTOS
Assess the function of currencies and the role of the banking system in the economy.
MODULE 4: MEASURING ECONOMIC HEALTH: THE CURRENT ACCOUNT
Explore how trade deficits and surpluses occur, and considers how they can be managed.
MODULE 5: MEASURING ECONOMIC HEALTH: THE LABOR MARKET
Learn how to model the economic impact of fluctuations in unemployment and wages
MODULE 6: ECONOMIC SHOCKS
Judge the impact of economic shocks on the labor market, wages, exports, imports, and the economy in general.
MODULE 7: SOCIAL PEACE AND POLITICAL FACTORS
Explores how macroeconomic principles collide with social and political aspirations.
MODULE 8: CREATING ECONOMIC SUSTAINABILITY
Reflect upon how the values of individuals, corporations, and governments impact the sustainability of macroeconomic systems.
Who should attend
The program is designed for business professionals and leaders looking to understand the influence of macroeconomic trends on business, and who are seeking tools, concepts, and models to guide their decision-making.
If you’re an aspiring manager or an executive with strategic decision-making responsibilities, then a clear understanding of your broader business environment is fundamental to your role. However, macroeconomics is a field that has cross-industry applications, and knowledge of macroeconomic trends and fluctuations in the economy is useful for sound decision-making and advancement in any role.