Course created by Peter Navarro
Basic Economics for Managers II
Macroeconomic principles for managers. Useful applications of basic economic principles to situations in business as well as in various professions.
The emphasis of the course is on the application of macroeconomic theory and principles to business and investment applications and strategies. We will not dwell on mathematical details for math’s sake. Whenever possible graphical and intuitive approaches are stressed. Both the short-run business cycle and the long-term secular trends will be discussed in the context of current national and economic events. We will pay constant attention to the macroeconomic basis for daily news stories that arise during the quarter and relate them to the material at hand. The Yellowdig discussion board is one of the most important “value adds” I have to offer – your tendency will be to not read the WSJ or pay attention to the discussion. FIGHT that tendency for two reasons: You need to cultivate an awareness of the macroeconomic and financial market news AND you will be tested on your exams on the discussion that take place on the Yellowdig board. COURSE GOALS AND DESCRIPTION The focus of the course is on useful applications of basic macroeconomic principles in the business and investing worlds. The topics we will cover in this course will necessarily include the standard list of problems analyzed in every macroeconomics principles course; for example, inflation, unemployment, economic growth, budget deficits, and trade imbalances. We will also look very carefully at what is in the toolbox of macroeconomists to fix such problems -- with such tools ranging from monetary, fiscal, and tax policies to trade and regulatory reform. However, in this course, you will also learn the basics of economic forecasting along with a set of business cycle management strategies that may be applied by business executives and money managers over the course of ups and downs of the business cycle and economy. And that’s why this course is so appropriate for students interested in actually using economics in the real world of business and finance. My very practical goal here is to provide you with an economics education that you can immediately put to work – and also provide you with an education that might even help you find your first or next job. This is a “hands-on,” results-oriented class designed to equip you with lifelong skills to help you prosper. So good luck in this endeavor. I’m sure that if you put in the time and effort to master the material in this course, you will be paid back many times over on your investment.
Grading Proctored Mid-term Exam – Includes questions from both the online lessons and the Always a Winner Book 25% Completion of Soundview Protocol (Complete all quizzes and submit your capstone project to the class drop box set up for this) 15% Yellowdig Discussion Board (Must achieve target point level on a weekly basis to receive this percentage on your final grade) 25% Final Exam (Cumulative – Includes material from online lessons, Always a Winner Book, and articles/discussion from Yellowdig assignment) 35% Read the Wall Street Journal daily and participate on the Yellowdig discussion board. • You are STRONGLY incentivized to do this because questions on the mid-term and final exam may be taken directly from the articles and discussion that appears on the discussion board. You will be tested on Final Exam on content on this board. Ignore articles at your own peril!
Registration opens: Nov 27, 2017
Registration ends: Jan 7, 2018
First day of instruction: Jan 8, 2018
Last day of instruction: March 16, 2018
Please click here to download a syllabus for this course.
Online proctoring by ProctorU: Costs vary; average cost is between $20 and $60 per course.