The global economy is driven by a complex and evolving mix of institutions and individuals, and the incentives, rules, and external trends that both bound and drive their actions. Rejecting simple frameworks, we embrace the complexity by looking at a combination of explanatory factors including economic theory, global finance, history, psychology, accounting, and political imperatives. The course includes an overview of:
- The current wealth of countries, and trends
- Who is who in the global economy
- Central banking and policies that drive global money flows
- Domestic policy and influence on international economics
- Trade and trade agreements
- International payments and money flows
- Investments and investor behavior
- Economic growth and development
Students then explore a series of "big trends," both inside and outside of economics, that are currently and likely to continue to shape the global economy. The course has a strong focus on analysis and discussion of current and recent global economic events.
Upon successful completion of this course, students will be able to:
- Describe and analyze key factors that affect the international economy, including the main players and their incentives
- Identify how different institutions and people interact to create global events
- Discuss and analyze global economic trends and risks to investors and individuals
This course is created for international students. It is not applicable to the Accounting certificates.