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

SectionWeightObjectives
Macroeconomics for Managers10%- Economic Indicators and Policies
  • 1. GDP, inflation, unemployment, business cycles
  • 2. Fiscal and monetary policy impacts
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
Foreign Direct Investment and Global Strategy20%- 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
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. Heckscher-Ohlin, Product life-cycle, Strategic trade theory
  • 2. Absolute advantage, Comparative advantage
Foundations of Global Economics20%- Economic Systems and Institutions
  • 1. Political, legal, and cultural frameworks
  • 2. Market, command, and mixed economies
- Views on Globalization
  • 1. Drivers and consequences of globalization
  • 2. New view, Evolutionary view, Pendulum view

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

Question #1

What is the profit maximization condition for a monopoly?

  • A. When marginal cost is minimized
  • B. When marginal revenue equals marginal cost
  • C. When total revenue is maximized
  • D. When price equals marginal cost
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

What is an example of a company that is market-seeking?

  • A. A company searching for a location where the cost of unskilled labor is low
  • B. A company searching for a location where rocks and minerals can be mined
  • C. A company searching for a location where a specific type of plastic is low-cost and readily available
  • D. A company searching for a location where there is a high interest in camping supplies
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #3

Institutions exist to reduce uncertainty. An institutional framework is made up of two types of systems.
What are the systems? (Choose TWO.)

  • A. Firm
  • B. Normative
  • C. Cognitive
  • D. Formal
  • E. Informal
  • F. Personal
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

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Question #4

When is it best for a firm to decrease production?

  • A. When marginal cost is greater than marginal revenue.
  • B. When total revenue is greater than total cost.
  • C. When the average variable cost is less than the price of a unit after a short-term stop.
  • D. When the price of a unit covers the average variable cost after a short-term stop.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

What is a feature of a democracy?

  • A. It gives citizens the right to elect representatives to govern on their behalf.
  • B. It often results in higher risk associated with political changes that may negatively impact domestic and foreign firms.
  • C. It delegates absolute political control over the population to one person or party.
  • D. It can and often does lead to nationalization, or expropriation, of foreign assets.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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