Business Opportunities and Risks in a Globalized Economy
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Course Summary
This course provides an introduction to the opportunities and risks involved in doing business in a globalized economy. Topics include cultural differences, legal systems, and financial considerations.Key Learning Points
- Understand the cultural and legal differences that can impact global business ventures
- Learn about the financial considerations involved in global business
- Explore case studies of successful and unsuccessful global business ventures
Related Topics for further study
Learning Outcomes
- Develop a solid understanding of the opportunities and risks involved in global business ventures
- Gain knowledge of cultural and legal differences that can impact global business
- Learn to assess financial considerations involved in global business ventures
Prerequisites or good to have knowledge before taking this course
- None, but some business experience is helpful
- Basic understanding of economics and finance
Course Difficulty Level
IntermediateCourse Format
- Online self-paced course
- Video lectures with quizzes and assignments
Similar Courses
- Global Business Strategy
- Cross-Cultural Communication
Related Education Paths
- Certificate in International Business
- Master of Business Administration with a Concentration in Global Business
Notable People in This Field
- Richard Branson
- Indra Nooyi
Related Books
Description
This is the last of the three courses part of the Globalization, Economic Growth and Stability Specialization.¨Business Opportunities and Risks in a Globalized World¨ is the the 3rd and final course of the ¨Globalization, Economic Growth and Stability¨ Specialization taught by IE Business School's Professor Gayle Allard. This course is designed to help an investor, businessperson or economist approach macroeconomic, institutional and international data and derive information from the indicators that point to the types of opportunities and risks that they present. Students will gain practice by handling the data of some of the largest economies in the world –the United States, Japan, the European Union, China and India—and “reading the story” of their economies from their data, yielding surprisingly profound conclusions about their present and future. The course is the third in a series for the specialization but it is also a stand-alone course for anyone who wants practice in practical macroeconomics.
Outline
- The USA: GDP, Inflation and Unemployment; Growth and Gaps: Reviewing the Basic Relationships.
- Introduction to the Course
- Theory Recap: Risks & Opportunities
- Introducing the U.S. Economy
- Theory Recap: The U.S.
- The Basic Macroeconomic Relationships in the U.S. 1: Business Cycles and Gaps
- The Basic Macroeconomic Relationships in the U.S. II: Inflation, Unemployment, the Phillips Curve and Growth
- Fiscal Indicators and the U.S. Business Cycle
- Does the U.S. Have a Public Debt Problem?
- Monetary Policy in the United States
- The U.S. Current Account and its Risks
- Ease of Doing Business and U.S. Inequality
- Risks and Opportunities for Investors in the U.S.
- The World Bank's Ease of Doing Business Ranking
- Optional Reading Material
- Week 1 Quiz: The U.S.
- Japan: Current Accounts and Currencies: International Economics Relationships
- Introducing the Japanese Economy
- Theory Recap: Japan
- The Basic Macroeconomic Indicators in Japan: Pursuing Growth
- Expansive Fiscal Policy in Japan
- Does Japan Have a Public Debt Problem?
- Ultra-Expansive Monetary Policy in Japan: Quantitative Easing
- Seeking Growth from Foreign Sources: Japan's Current Account
- The Currency: Key to Japan's Growth Strategy
- Japanese Demography and its Risks
- What do these Opportunities and Risks Mean for Investors?
- Japan Summarized
- Japan's Debt in Real-Time
- Optional Reading Materials
- Week 2 Quiz: Japan
- The European Integration Experiment: The Benefits of Trade and Migration
- Introducing the European Union
- Theory Recap: The EU
- Why Did Europe Choose Economic Integration? Options and History
- The EU Macroeconomy and Contrasts with the United States
- Fiscal Contrasts Between the EU and the United States
- EU-Wide GDP Growth and Gaps
- Making the Single Monetary Policy Work: Fiscal Transfers and Free Movement of Labor
- Spain's Macroeconomy in the Global and Eurozone Crisis
- How Does a Eurozone Country Recover? Austerity in Spain and Turning to Foreign Demand for Growth
- The UK's Conflicted Relationship with the EU and Brexit
- How Will the UK Leave the EU?
- The Effects of Brexit on UK Industries
- The Effects of Brexit on the British Macroeconomy
- Why Did Brexit Occur? Another Impossible Trinity
- Risks and Opportunities for Investors in the EU
- Spain: A Successful Story of Recovery From the Crisis?
- Brexit: All you need to know about the UK leaving the EU
- Optional Reading Materials
- Week 3 Quiz: The European Union
- India and China: Economic Development, How it Occurs, and the World's Upcoming Giants
- Introducing India and China
- Theory Recap: India and China
- GDP and Growth, from Ancient Times to the Present
- Human Development Indicators in India and China
- Two Different Growth Models: Internal vs External Drivers
- Two Different Currencies
- Two Different Demographies
- Two Different Institutional Environments
- Risks and Opportunities in India and China
- Course Wrap-Up
- Is China´s Economy Becoming Japanese
- Optional Reading Materials
- Week 4 Quiz: India and China
- Capstone
- RECAP: BUSINESS OPPORTUNITIES AND RISKS IN A GLOBALIZED ECONOMY
- PROJECT INSTRUCTIONS
- PROJECT: GENERAL FEEDBACK
- CAPSTONE CONCLUSIONS
- Instructions
- Let´s see if you remember the theory
Summary of User Reviews
Discover the opportunities and risks of a globalized economy with this insightful course. Users have praised the engaging content and knowledgeable instructors. However, some have noted that the course can be overly broad and lacks practical application.Key Aspect Users Liked About This Course
engaging contentPros from User Reviews
- Instructors are knowledgeable and engaging
- Covers a broad range of topics
- Provides a global perspective on business
- Great introduction to the subject
- Well-structured and easy to follow
Cons from User Reviews
- Lacks practical application
- Some topics are too broad or superficial
- May not be suitable for experienced professionals
- Some videos are too long
- Not enough interaction with other students
Gayle Allard
4.8 Raiting
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