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WGU Global-Economics-for-Managers Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Macroeconomics for Managers10%- Economic Indicators and Policies
  • 1. Fiscal and monetary policy impacts
  • 2. GDP, inflation, unemployment, business cycles
Topic 2: Global Finance and Monetary Systems25%- 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
Topic 3: International Trade Theory and Policy25%- 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 Strategy20%- Global Business Strategy
  • 1. Porter's Diamond model
  • 2. Strategic positions: Defender, Extender, Contender, Dodger
- Foreign Direct Investment (FDI)
  • 1. Location advantages and entry modes
  • 2. Theories of FDI, costs and benefits
Topic 5: Foundations of Global Economics20%- Views on Globalization
  • 1. New view, Evolutionary view, Pendulum view
  • 2. Drivers and consequences of globalization
- Economic Systems and Institutions
  • 1. Political, legal, and cultural frameworks
  • 2. Market, command, and mixed economies

WGU Global Economics for Managers (C211, UZC2) Sample Questions:

When is it best for a firm to increase production?

  • A. When marginal cost exceeds marginal revenue
  • B. When marginal revenue is greater than marginal cost
  • C. When average cost is minimized
  • D. When total revenue is maximized
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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What are examples of intellectual property? (Choose TWO.)

  • A. A trademark
  • B. A subsidy
  • C. A tariff
  • D. A patent
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

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What are represented by formal institutions?

  • A. Laws
  • B. Cultural beliefs
  • C. Social norms
  • D. Traditions
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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What is the most basic way for nonfinancial companies to adjust to fluctuations of the foreign exchange market?

  • A. Invoicing customers in the company's currency
  • B. Currency hedging
  • C. Rate locks
  • D. Forward transactions
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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In a monopoly, which statements are likely true? (Choose TWO.)

  • A. Marginal revenue equals price
  • B. There are barriers to entry into the market
  • C. One seller offers a unique good with no close substitutes
  • D. Firms are price takers
  • E. Entry is free in the long run
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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