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WGU Global-Economics-for-Managers Exam Syllabus Topics:
| Section | Weight | Objectives |
| Topic 1: Macroeconomics for Managers | 10% | - Economic Indicators and Policies
- 1. GDP, inflation, unemployment, business cycles
- 2. Fiscal and monetary policy impacts
|
| Topic 2: Foundations of Global Economics | 20% | - Views on Globalization
- 1. Drivers and consequences of globalization
- 2. New view, Evolutionary view, Pendulum view
- Economic Systems and Institutions
- 1. Market, command, and mixed economies
- 2. Political, legal, and cultural frameworks
|
| Topic 3: International Trade Theory and Policy | 25% | - Trade Policies and Barriers
- 1. Economic integration: EU, USMCA, ASEAN
- 2. Tariffs, quotas, subsidies, embargoes
- Classical and Modern Trade Theories
- 1. Absolute advantage, Comparative advantage
- 2. Heckscher-Ohlin, Product life-cycle, Strategic trade theory
|
| Topic 4: Foreign Direct Investment and Global Strategy | 20% | - Global Business Strategy
- 1. Strategic positions: Defender, Extender, Contender, Dodger
- 2. Porter's Diamond model
- Foreign Direct Investment (FDI)
- 1. Theories of FDI, costs and benefits
- 2. Location advantages and entry modes
|
| Topic 5: Global Finance and Monetary Systems | 25% | - Foreign Exchange Markets
- 1. Exchange rate determination, currency regimes
- 2. Hedging and risk management
- Balance of Payments and International Monetary System
- 1. Current account, capital account, official reserves
- 2. Fixed vs floating exchange rates, IMF, World Bank
|
WGU Global Economics for Managers (C211, UZC2) Sample Questions:
Which good tends to have elastic demand?
- A. A good with many complements
- B. A good with close substitutes
- C. A good with few complements
- D. A good that is tangible
Reveal Solution
Discussion
Correct Answer: B 🗳️
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What is a feature of a democracy?
- A. It can and often does lead to nationalization, or expropriation, of foreign assets.
- B. It often results in higher risk associated with political changes that may negatively impact domestic and foreign firms.
- C. It delegates absolute political control over the population to one person or party.
- D. It gives citizens the right to elect representatives to govern on their behalf.
Reveal Solution
Discussion
Correct Answer: D 🗳️
Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).
One view of globalization claims that human civilization has always had some type of globalization.
Which view is it?
- A. The technological convergence view
- B. The modern institutional view
- C. The short-run economic view
- D. The long-run historical view
Reveal Solution
Discussion
Correct Answer: D 🗳️
Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).
Which factors increase a country's currency exchange value? Choose two answers.
- A. Political unrest
- B. A rise in inflation
- C. A fall in population
- D. A rise in productivity
- E. A fall in productivity
- F. A rise in the interest rate
Reveal Solution
Discussion
Correct Answer: D,F 🗳️
Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).
Which scenario demonstrates a monopoly created by a resource?
- A. An author copyrights a new book.
- B. A new rare jewel is found, and only one mine in the world has it.
- C. A software company copyrights the code for new software.
- D. A bridge is so infrequently used that it has a large fixed cost and negligible marginal cost.
Reveal Solution
Discussion
Correct Answer: B 🗳️
Explanation: Only visible for ITExamSimulator members. You can sign-up / login (it's free).