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

SectionWeightObjectives
Global Finance and Monetary Systems25%- Balance of Payments and International Monetary System
  • 1. Fixed vs floating exchange rates, IMF, World Bank
  • 2. Current account, capital account, official reserves
- Foreign Exchange Markets
  • 1. Hedging and risk management
  • 2. Exchange rate determination, currency regimes
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
Foundations of Global Economics20%- Economic Systems and Institutions
  • 1. Political, legal, and cultural frameworks
  • 2. Market, command, and mixed economies
- Views on Globalization
  • 1. New view, Evolutionary view, Pendulum view
  • 2. Drivers and consequences of globalization
Macroeconomics for Managers10%- Economic Indicators and Policies
  • 1. GDP, inflation, unemployment, business cycles
  • 2. Fiscal and monetary policy impacts
Foreign Direct Investment and Global Strategy20%- Global Business Strategy
  • 1. Strategic positions: Defender, Extender, Contender, Dodger
  • 2. Porter's Diamond model
- Foreign Direct Investment (FDI)
  • 1. Location advantages and entry modes
  • 2. Theories of FDI, costs and benefits

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

Question #1

What happens when the Federal Reserve increases the money supply?

  • A. The aggregate supply curve shifts to the left
  • B. The aggregate demand curve shifts to the left
  • C. The aggregate demand curve shifts to the right
  • D. The aggregate supply curve shifts to the right
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

When there is an expectation of lower income in the future, what is the effect on the demand curve for a normal good?

  • A. The demand curve shifts right.
  • B. The demand curve shifts down.
  • C. The demand curve shifts up.
  • D. The demand curve shifts left.
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

Which company has a natural resource-seeking strategic goal?

  • A. A company searching for a location with a large consumer market
  • B. A company searching for a location where labor costs are low
  • C. A company searching for a location where there is an abundance of oil
  • D. A company searching for a location with advanced technology clusters
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #4

Which statement about consumer surplus is true?

  • A. It measures total production efficiency
  • B. It measures the well-being of sellers
  • C. It is a good measure of economic well-being if policymakers want to satisfy buyers' preferences
  • D. It represents government revenue
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

What are examples of variable costs? Choose two answers.

  • A. A $1,000 license fee charged by the state government to operate a shop
  • B. A 5% tax charged by the government on variable inputs
  • C. The rent paid by a magazine publisher for its creative team
  • D. The cost of the parts used in individual devices made by a computer manufacturer
  • E. The CEO's salary for a major manufacturing firm
  • F. The monthly internet cost in a business that produces women's apparel
Reveal Solution  Discussion  0

Correct Answer: B,D  🗳️

Explanation: Only visible for Exam-Killer members. You can sign-up / login (it's free).

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