Economics & International Business!

Categories: Business
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About Course

In this course, you will learn the skills to understand today’s economy and to succeed in today’s interconnected business world.

About this course

This course introduces basic economic concepts that are fundamental to understand many of the issues faced by business firms. Learn the processes that govern the production and consumption of goods and services in a global economy: Microeconomics and Macroeconomics.

Understand important principles like price elasticity and the law of supply and demand. This course also includes the different economic systems around the globe, the essential business cycle phases, the country analysis tool, and international business strategies.

You will also receive a short case study of the European Union (EU) and the World Trade Organization (WTO) that summarizes the key takeaways of this course.

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What Will You Learn?

  • Understanding essential economic principles and concepts
  • Analyzing the production and consumption of goods and services
  • Evaluation of international business strategies

About the instructor

Course Curriculum

1. Introduction

  • Welcome to Economics & International Business!

2. Ten Principles of Economics

  • Summary
  • How People Make Decisions
  • How People Interact
  • How the Economy Works

3. The Invisible Hand

  • The Invisible Hand

4. Micro and Macro

  • Micro and Macro

5. Supply and Demand

  • Supply and Demand
  • Demand
  • Supply
  • Market Equilibrium

6. Economic Systems

  • Economic Systems
  • Market Economies
  • Planned Economies
  • Mixed Economies

7. The Business Cycle

  • The Business Cycle

8. The Stability of an Economy

  • Stability of an Economy
  • Productivity
  • Inflation and Deflation
  • Employment Levels
  • Fiscal and Monetary Policy

9. Tool: Country Analysis

  • Country Analysis

10. International Strategies

  • International Strategies
  • Forces & Barriers
  • International vs. Global
  • Major Reasons
  • Different Strategies

11. Case Study: EU & WTO

  • EU & WTO

Economics and International Business – Exam

  • course quiz!