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Macroeconomics for Business Management

Be introduced to basic concepts of country-level Macroeconomics that are relevant for an integrated understanding of the macroeconomic environment in which your business (or future business) operates.

About this Course

In this course, you will be introduced to some basic concepts of country-level Macroeconomics that are relevant for an integrated understanding of the macroeconomic environment in which your business (or future business) operates.

We will cover the Gross Domestic Product (GDP) and its components deeply, inflation, monetary policy, balance of payments, and the concept of real exchange rate.

Learning Objectives

At the end of this course, you will be able to:
  • Understand the concept of GDP and its importance for businesses established in a country;
  • Analyze de GDP by breaking down its key components;
  • Understand the importance of inflation, monetary policy, balance of payments, and real exchange rate for a country’s macroeconomic environment.
  • And above it all. Understand how to make connections between those concepts and try to make good use of them when establishing your business plan or your investment decisions.

Syllabus

What you will learn from this course

Gross Domestic Product (GDP) concept and components

Welcome to the Macroeconomics for Business Management course! During this first week, we will cover the concept of Gross Domestic Product, why it is crucial for your business plan as it is also considered to be the income of the country, and one of its components, household consumption.

GDP Components: Investments and Government

During this second week, we will continue the analysis of the Gross Domestic Product components, covering investments and government. Mainly how investors in gross capital formation make their decision using some key elements such as real interest rates (cost of opportunity) and confidence.

GDP Components: Exports, Imports and Keynes multiplier

During this third week, we will finish our discussion on Gross Domestic Product components, covering exports, imports, and the Keynes multiplier. Exports and imports are critical to robust GDP growth as no country can make or produce everything alone. Hence, to better understand how economic growth could benefit from international trade is also essential to understand whether a country may envisage better domestic productivity onwards.

Inflation, Monetary Policy, and Balance of Payments

During this fourth and last week, we will cover the concepts of Inflation, Monetary Policy, Balance of Payments, and Real Exchange Rate. Balance of payments are also crucial to understand if a country is on the verge to experience a currency crisis which indeed could trigger inflationary, corporate, banking and economic crisis.
Meet the instructor

Roberto Dumas Damas

With more than 25 years of experience in the international and domestic financial market, Dumas worked in several institutions such as UBS, Citigroup, and Lloyds Bank. Until recently he was the Chief Representative (Banker) of Banco Itaú BBA in Shanghai for four years and former secondee of the New Development Bank (BRIC´s bank) associated with the Ministry of Finance (Brazil). Dumas holds a Master's degree in Economics from the University of Birmingham (UK) a Master's degree in Chinese economy from Fudan University (China), and a Charter Financial Analyst designation (CFA). He has been a professor of international macroeconomics since 1995 in several Universities and Business Schools in Brazil and abroad such as FIA Business Schoool, INSPER, China Europe International Business School (CEIBS), and Fudan University (China). 
Patrick Jones - Course author

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