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Sloan School of Management

Economics for Business

Jul 3—Sep 3
Online
USD 2800
Oct 2—Dec 3
Online
USD 2800

How it works

Disclaimer

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Description

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.

TAKEAWAYS

"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.

Experts

Roberto Rigobon is the Society of Sloan Fellows Professor of Management and a Professor of Applied Economics at the MIT Sloan School of Management. He is also a research associate of the National Bureau of Economic Research, a member of the Census Bureau’s Scientific Advisory Committee, and a vi...
Christian Catalini is the Theodore T. Miller Career Development Professor and Assistant Professor of Technological Innovation, Entrepreneurship, and Strategic Management at the MIT Sloan School of Management. Christian's main areas of interest are the economics of innovation, entrepreneurship, a...
Athanasios Orphanides is a Professor of the Practice of Global Economics and Management at the MIT Sloan School of Management. His research interests are on central banking, finance, and political economy and he has published extensively on these topics over the past two decades. More recently, h...
SIMON JOHNSON  is the Ronald A. Kurtz (1954) Professor of Entrepreneurship at the MIT Sloan School of Management, where he is also head of the Global Economics and Management group and chair of the Sloan Fellows MBA Program Committee.  He cofounded and currently leads the popular Global Entrepren...

Next dates

Jul 3—Sep 3
Online
USD 2800
Oct 2—Dec 3
Online
USD 2800

How it works

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