Foundations of Economic Thinking
Degree program: Executive MBA
This course is designed to help students acquire the necessary knowledge on macroeconomic phenomena that can create challenges to the successful operation of a business. The course aims to build student awareness and understanding of facts about economic interdependence. The focus will be on understanding major macroeconomic phenomena. Topics include the theory of comparative advantage, tariffs, nontariff trade barriers, contemporary trade policies, balance of payments, the foreign-exchange market and the exchange-rate determination, among others. Students are exposed to the theoretical principles that govern international trade as well as empirical evidence of global trade patterns and policies of developed and developing countries.