Course Description

Basic Economics for Managers II, MGMT 4B

Macroeconomic principles for managers. Useful applications of basic economic principles to situations in business as well as in various professions.

Key Information

Credit: 4 quarter units / 2.67 semester units credit
UC Irvine, Management

Course Credit:

Upon successful completion, all online courses offered through cross-enrollment provide UC unit credit. Some courses are approved for GE, major preparation and/or, major credit or can be used as a substitute for a course at your campus.

If "unit credit" is listed by your campus, consult your department, academic adviser or Student Affairs division to inquire about the petition process for more than unit credit for the course.

UC Berkeley:
Unit Credit

UC Davis:
Unit Credit

UC Irvine:
General Education: III - Social and Behavioral Sciences

UC Los Angeles:
Unit Credit

UC Merced:
Units toward degree (see your adviser)

UC Riverside:
General Education: Elective Units

UC San Diego:
General Education: Sixth - 1 course towards Social Analysis, Revelle 1 course toward Social Science  TMC 1 course toward lower division disciplinary breadth if noncontiguous to major, Seventh - 1 course towards Alternatives - Social Science

UC San Francisco:
Unit Credit

UC Santa Barbara:
Unit Credit

UC Santa Cruz:
General Education: PE-H

Course Fees

None

More About The Course

The emphasis of the course is on the application of macroeconomic theory and principles to business and investment applications and strategies. We will not dwell on mathematical details for math’s sake. Whenever possible graphical and intuitive approaches are stressed.

Both the short-run business cycle and the long-term secular trends will be discussed in the context of current national and economic events. We will pay constant attention to the macroeconomic basis for daily news stories that arise during the quarter and relate them to the material at hand.

The Yellowdig discussion board is one of the most important “value adds” I have to offer – your tendency will be to not read the WSJ or pay attention to the discussion. FIGHT that tendency for two reasons:

You need to cultivate an awareness of the macroeconomic and financial market news AND you will be tested on your exams on the discussion that take place on the Yellowdig board.

COURSE GOALS AND DESCRIPTION

The focus of the course is on useful applications of basic macroeconomic principles in the business and investing worlds. The topics we will cover in this course will necessarily include the standard list of problems analyzed in every macroeconomics principles course; for example, inflation, unemployment, economic growth, budget deficits, and trade imbalances. We will also look very carefully at what is in the toolbox of macroeconomists to fix such problems -- with such tools ranging from monetary, fiscal, and tax policies to trade and regulatory reform.

However, in this course, you will also learn the basics of economic forecasting along with a set of business cycle management strategies that may be applied by business executives and money managers over the course of ups and downs of the business cycle and economy. And that’s why this course is so appropriate for students interested in actually using economics in the real world of business and finance. My very practical goal here is to provide you with an economics education that you can immediately put to work – and also provide you with an education that might even help you find your first or next job. This is a “hands-on,” results-oriented class designed to equip you with lifelong skills to help you prosper.

So good luck in this endeavor. I’m sure that if you put in the time and effort to master the material in this course, you will be paid back many times over on your investment.

Course Creator

Peter Navarro
Peter Navarro is a professor at the Merage School of Business at the University of California-Irvine. With a Masters of Public Administration from the Kennedy School of Government and a Ph.D. in economics from Harvard, this distinguished macroeconomist has published eleven books, most recently Crouching Tiger: What China’s Militarism Means for the World.  
 
Professor Navarro appears regularly in such media outlets as the BBC, CNN, CNBC, MSNBC, and the CBS News, including 60 Minutes. His op-ed articles have been published in the Boston Globe, the Chicago Tribune, the Los Angeles Times, the International Herald Tribune, the New York Times, and the Wall Street Journal, among other publications.
 
His online economics courses on the Coursera platform have enrolled over half a million students from almost 200 countries, and he is the winner of the 2015 UCI Distinguished Faculty Teaching award.
 
His goal is to help you best use economics in both your personal and professional lives in very practical ways.
Peter Navarro is a professor at the Merage School of Business at the University of California-Irvine. With a Masters of Public Administration from the Kennedy School of Government and a Ph.D. in economics from Harvard, this distinguished macroeconomist has published eleven books, most recently Crouching Tiger: What China’s Militarism Means for the World .     Professor Navarro appears ...

Peter Navarro is a professor at the Merage School of Business at the University of California-Irvine. With a Masters of Public Administration from the Kennedy School of Government and a Ph.D. in economics from Harvard, this distinguished macroeconomist has published eleven books, most recently Crouching Tiger: What China’s Militarism Means for the World.  
 
Professor Navarro appears regularly in such media outlets as the BBC, CNN, CNBC, MSNBC, and the CBS News, including 60 Minutes. His op-ed articles have been published in the Boston Globe, the Chicago Tribune, the Los Angeles Times, the International Herald Tribune, the New York Times, and the Wall Street Journal, among other publications.
 
His online economics courses on the Coursera platform have enrolled over half a million students from almost 200 countries, and he is the winner of the 2015 UCI Distinguished Faculty Teaching award.
 
His goal is to help you best use economics in both your personal and professional lives in very practical ways.

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