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

Section	Weight	Objectives
Foreign Direct Investment and Global Strategy	20%	- Foreign Direct Investment (FDI) 1. Location advantages and entry modes 2. Theories of FDI, costs and benefits - Global Business Strategy 1. Strategic positions: Defender, Extender, Contender, Dodger 2. Porter's Diamond model
Macroeconomics for Managers	10%	- Economic Indicators and Policies 1. Fiscal and monetary policy impacts 2. GDP, inflation, unemployment, business cycles
International Trade Theory and Policy	25%	- Classical and Modern Trade Theories 1. Heckscher-Ohlin, Product life-cycle, Strategic trade theory 2. Absolute advantage, Comparative advantage - Trade Policies and Barriers 1. Economic integration: EU, USMCA, ASEAN 2. Tariffs, quotas, subsidies, embargoes
Foundations of Global Economics	20%	- Economic Systems and Institutions 1. Market, command, and mixed economies 2. Political, legal, and cultural frameworks - Views on Globalization 1. New view, Evolutionary view, Pendulum view 2. Drivers and consequences of globalization
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:

Question #1

What are weaknesses of the theory of mercantilism? (Choose TWO.)

A. The theory encourages specialization and productivity growth.
B. The theory emphasizes comparative advantage.
C. Application of the theory reduces national wealth in the long run.
D. The theory promotes free trade.
E. The theory leads to inefficient allocation of resources.

Reveal Solution Discussion 0

Correct Answer: C,E 🗳️