This course is part of the Globalization, Economic Growth and Stability Specialization

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Gayle Allard

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Offered By

Globalization, Economic Growth and Stability SpecializationIE Business School

About this Course

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This is the second of the three courses part of the Globalization, Economic Growth and Stability Specialization. This course will focus on facets of globalization that affect a country´s economic perspectives and decisions. Globalization has recently been the predominant subject in many political debates, and this course will go into the determinants of globalization. It will be separated into four modules; the first module will explain exchange rates. It will cover what determines exchange rate and how different exchange rates affect the economy and the reality of currencies. The second module will explore trade, the reality of free trade, and what occurs to a country´s economy with protectionism. The third module will go into the balance of payments, it will help you understand how economic transactions between a country and the rest of the world work. The fourth module will focus on Immigration, which is probably one of the most controversial subjects today. It will explain how migration affects host countries and it will cover current migration trends.

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Course 2 of 3 in the

Globalization, Economic Growth and Stability Specialization

Beginner Level

Approx. 11 hours to complete

English

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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 2 of 3 in the

Globalization, Economic Growth and Stability Specialization

Beginner Level

Approx. 11 hours to complete

English

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

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Instructor

Instructor rating

4.86/5 (55 Ratings)

Gayle Allard

Offered by

IE Business School

IE Business School is an internationally recognized business school where the leaders of tomorrow shape their ideas and learn to become global citizens. For over 40 years, IE Business School has promoted innovation and change in organizations, equipping managers with an entrepreneurial mindset that generates employment, wealth, and social well-being.

Regularly featured among the top business schools in the world, IE Business School has an urban campus in Madrid and a faculty of more than 400 professors who teach students from approximately 90 countries in its undergraduate and master programs. IE uses innovative online, face-to-face, and blended learning formats, including the IE Communities Platform where knowledge and experiences are exchanged with over 50,000 IE graduates that currently hold management positions in more than 100 countries worldwide.

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Syllabus - What you will learn from this course

Content Rating94%(1,557 ratings)

Week1

Week 1

2 hours to complete

Exchange Rates

2 hours to complete

10 videos (Total 61 min), 4 readings, 1 quiz

10 videos

Globalization and its discontents5mWhat determines the value of a currency?7mSome key indicators that drive currency values and an illustration7mSpecial cases: commodity currencies; reserve and safe haven currencies5mHow do exchange rates affect the economy?6mHow can governments intervene to influence the value of the currency?6mContradictory government objectives4mDifferent exchange-rate regimes and the world´s key currencies by turnover4mYen, Euro and Pound Sterling; Yuan and Rupee, the Dollar8mConclusions3m

4 readings

5 World Currencies That Are Closely Tied to Commodities10mOptional: Trade, Immigration And Exchange Rates In A Globalized World: A ReaderExchange Rate Systems20mDeutsche Bank Trade Of The Week: Sell The US Dollar To Yen Exchange Rate10m

1 practice exercise

Exchange Rates30m

Week2

Week 2

2 hours to complete

Trade

2 hours to complete

11 videos (Total 60 min), 4 readings, 1 quiz

11 videos

Introduction, assumptions and terminology6mProduction possibilities curve3mThe model: Absolute advantage7mPartial equilibrium analysis7mThe benefits of free trade3mThe effect of tariffs5mDoes anyone lose from trade?6mCan free trade still be seen as beneficial?3mThe WTO and global free trade6mTrends since WWII: globalization followed by protectionism2mWhat would more protection do to the world?5m

4 readings

Optional: Trade, Immigration And Exchange Rates In A Globalized World: A Reader10m10 benefits of trade for developing countries10mWhy the U.S. needs the World Trade Organization10mDo open markets matter or is protectionism the answer?10m

1 practice exercise

Module II. Trade30m

Week3

Week 3

3 hours to complete

Balance of Payments

3 hours to complete

12 videos (Total 59 min), 4 readings, 1 quiz

12 videos

Introduction53sBasic components8mPractical Exercise3mWhat does a current-account deficit or surplus mean? Part 14mWhat does a current-account deficit or surplus mean? Part 23mWhy do countries have current-account deficits or surpluses? Part 15mWhy do countries have current account deficits or surpluses? Part 23mWhat do current account imbalances mean, and how can they be corrected?5mThe Current Account and National Growth Models6mThe Current Account and National Growth Models5mThe Global Growth Model6mConclusions5m

4 readings

Balance of Payments10mTrade, Immigration And Exchange Rates In A Globalized World: A Reader40mCurrent Account Deficits: Is There a Problem?10mHow crucial is the current account deficit?10m

1 practice exercise

Module III. Balance of Payments30m

Week4

Week 4

2 hours to complete

(Im)migration

2 hours to complete

12 videos (Total 58 min), 4 readings, 1 quiz

12 videos

Introduction1mMigration as part of globalization5mHow does migration affect the economy? Part 15mHow does migration affect the economy? Part 25mCauses for opposition5mWhy is there so much opposition to immigration?3mCurrent issues, objections and responses5mMigration:objections and responses6mHow globalization affects trade and immigration5mConclusions: Is globalization to blame for stagnant lower- and middle-class incomes?7mGlobalization is worth fighting for!5mFinal comments1m

4 readings

International Migration: The human face of globalisation20mOptional: Trade, Immigration And Exchange Rates In A Globalized World: A Reader10mDoes Immigration Help or Hurt Local Economies?10mIs migration good for the economy?20m

1 practice exercise

Module IV. (IM)MIGRATION30m

Reviews

4.8

56 reviews

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TOP REVIEWS FROM TRADE, IMMIGRATION AND EXCHANGE RATES IN A GLOBALIZED WORLD

by IMAug 24, 2020

very nice explanation, cleared my previous doubts, great mentor and mentorship.

by JAMar 15, 2021

thank you Prof. Gayle Allard for your insightful knowledge and expertise......I have learnt a lot from this course......

by AKDec 25, 2019

Precise and the course content was just right. It was a great learning experience.

by SMMay 2, 2021

Exceptional course content and blow-by-blow analysis of the benefits and pitfalls of Globalization/Trade and Migration. Well presented course.

View all reviews

About the Globalization, Economic Growth and Stability Specialization

This Specialization aims to make economic concepts accessible to every learner, and to teach them to analyze current events using the toolkit of economics. It begins by explaining the basic parameters of the macroeconomy, and how governments can/should use both fiscal and monetary policy to influence growth, inflation and employment. It then moves on to the international arena, where countries interact, and explains the basic principles of free trade, exchange rates, the balance of payments and immigration and how these interactions affect our everyday lives. Finally, learners will apply these tools and concepts to the world's leading economies and discover how they can "read" from a country's economic data important lessons about the risks and opportunities of doing business in these countries, equipping them with tools that they can use in the workplace and even in their personal investment decisions.

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:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
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.
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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Trade, Immigration and Exchange Rates in a Globalized World

About this Course