Macroeconomics and international business environment (MBA978).

Overview.

This MBA course shows how to measure and track economic activity and how to read developments in the global economy from a business perspective. It has two parts. The first covers the short to medium run and uses the AS-AD model to show how shocks move the economy while prices and wages adjust only slowly, and how policymakers respond. The second covers the long run and asks what drives economic growth and how global trends reshape potential output and the structure of the economy.