This course is part of the Managerial Economics and Business Analysis Specialization

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898 ratings

Hadi Salehi Esfahani

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Part of the Master of Business Administration (iMBA) degree
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Managerial Economics and Business Analysis SpecializationUniversity of Illinois at Urbana-Champaign

About this Course

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This course discusses   how macroeconomic variables affect individuals’ personal, professional, and public activities and lays the foundation for the analysis of the mechanisms that drive macroeconomic variables. It starts by introducing the key macroeconomic variables and explaining how they are defined and measured to interpret macroeconomic data properly.
Then, the course offers a perspective for separating out various parts of the economy driven by different processes and for combining those components to develop a richer view of the whole. In particular, it applies this approach to the analysis of the relationship of the trade deficit with the budget deficit and private savings, offering insights about some key determinants of the balance of payments. The third and fourth modules focus on the analyses of the foreign currency and money markets to provide fundamental models of the interest rate and exchange rate determination. They also discuss how these variables interact with each other and with the macroeconomic conditions, particularly monetary policy, and the expectations about the future trends in the economy.  

You will be able to: 

• Systematically assess the national and international economic environment in which you live and work
• Analyze macroeconomic issues using key tools
• Be a more effective professional in your   line of activity.

This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

Flexible deadlines

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Shareable Certificate

Earn a Certificate upon completion

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Coursera Labs

Includes hands on learning projects.

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Course 3 of 7 in the

Managerial Economics and Business Analysis Specialization

Approx. 17 hours to complete

English

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Skills you will gain

Economics
Interest Rate
Supply Chain
Market (Economics)

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

Learn more about Coursera Labs

Course 3 of 7 in the

Managerial Economics and Business Analysis Specialization

Approx. 17 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.2/5 (124 Ratings)

Hadi Salehi Esfahani

Professor of Economics and Professor of Business Administration

Department of Business Administration, College of Business

48,646 Learners

2 Courses

Offered by

University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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Syllabus - What you will learn from this course

Content Rating89%(2,219 ratings)

Week1

Week 1

2 hours to complete

Course Orientation

2 hours to complete

2 videos (Total 8 min), 5 readings, 1 quiz

5 hours to complete

Module 1: Key Macroeconomic Indicators and Their Measurement

5 hours to complete

9 videos (Total 83 min), 2 readings, 6 quizzes

9 videos

Module 1 Introduction55s1-1.1. Introduction to Macroeconomic Indicators and the Sources of Macroeconomic Data7m1-2.1. The Unemployment Rate: Definition and Measurement7m1-3.1. GDP: Definition18m1-3.2. GDP: Measurement12m1-3.3. GDP: Improvements in Real GDP Measurement6m1-4.1. The Price Level and Inflation: The Basics7m1-4.2. Problems in Measuring the Cost of Living Inflation9mGDP: Comparison Across Countries12m

2 readings

Module 1 Overview10mModule 1 Readings10m

5 practice exercises

Lesson 1-1 Practice Quiz30mLesson 1-2 Practice Quiz30mLesson 1-3 Practice Quiz30mLesson 1-4 Practice Quiz30mModule 1 Quiz30m

Week2

Week 2

3 hours to complete

Module 2: GDP Components, Twin Deficits, and Balance of Payments

Expenditure is often different from income for individuals, but for the economy as a whole, aggregate income is always identical to aggregate expenditure. This has important implications for the functioning of the macroeconomy and the way policies affect it. The income-expenditure identity is also fundamental to the ways various part of the economy with different processes interact with each other. For example, it sheds a lot of light on the formation of the trade deficit and its connection with budget deficit and private savings.

3 hours to complete

5 videos (Total 43 min), 2 readings, 4 quizzes

Week3

Week 3

4 hours to complete

Module 3: The Foreign Exchange Market

How does the exchange rate affect the trade balance and foreign payments of an economy? How does the exchange rate interact with domestic and foreign prices to determine the competitiveness of an economy’s producers? Where does the exchange rate come from? Since currencies are assets that can be bought and resold at different times, their exchange rates must depend on expectations and futures markets. How do the spot and forward exchange rates interact with the expected rates of future dates?

4 hours to complete

5 videos (Total 61 min), 2 readings, 4 quizzes

Week4

Week 4

4 hours to complete

Module 4: Money, Interest Rate, and the Exchange Rate

4 hours to complete

7 videos (Total 80 min), 4 readings, 3 quizzes

7 videos

4-1.1. What Is Money, and What Role Does It Play in the Economy?9m4-1.2. Money Supply15m4-1.3. Money Demand9m4-2.1. Money Market Equilibrium18m4-2.2. Money, Inflation, and Interest Rate in the Short Run and the Long Run13mBanks, Balance Sheets and Capital Adequacy Requirements9mGies Online Programs3m

4 readings

Module 4 Overview10mModule 4 Readings10mCongratulations!10mGet Your Course Certificate10m

3 practice exercises

Lesson 4-1 Practice Quiz30mLesson 4-2 Practice Quiz30mModule 4 Quiz30m

Reviews

4.4

172 reviews

5 stars
66.51%
4 stars
18.57%
3 stars
7.23%
2 stars
3.22%
1 star
4.44%

TOP REVIEWS FROM COUNTRY LEVEL ECONOMICS: MACROECONOMIC VARIABLES AND MARKETS

by LAFeb 12, 2020

The course is quite enlightening, gained invaluable experience in understanding and interpreting a countries economic status

by ZXFeb 9, 2021

It'd be a better course if the Prof could make the course more interesting.

by JFJun 17, 2019

Very interesting topic especially with the trade wars that are affecting the US and China currently

by MTJun 17, 2020

Very enjoyable course. Prof is able to explain the topics very well and I was able to understand and connect it to my everyday life and to my own country.

View all reviews

About the Managerial Economics and Business Analysis Specialization

In order to effectively manage and operate a business, managers and leaders need to understand the market characteristics and economic environment in which they operate. In this specialization, you will build a solid understanding of the operation of markets and the macro-economic environment with real-world examples. You will be able to identify firm and country-level economic factors that impact business decisions, develop an analytical framework using statistical tools, and apply economic theory and data in the analysis of business environment and trends to make effective business decisions.

The capstone project involves an in-depth analysis of an actual business situation in which you will examine the global economic environment of a business. The final project will be a business plan that uses statistical tools and economic theory to create a comprehensive analysis of the microeconomic and macroeconomic environment in which the focal company operates. This specialization is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program here.

Managerial Economics and Business Analysis

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
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The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

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