MIT Sloan School of Management (Get Smarter)
Economics for Business Online Short Course
Cambridge, USA
Course
DURATION
8 weeks
LANGUAGES
English
PACE
Part time
APPLICATION DEADLINE
EARLIEST START DATE
TUITION FEES
USD 2,800
STUDY FORMAT
Distance Learning
Key Summary
Gain the tools to recognize and react to the economic forces shaping your business.
Large-scale economic trends can profoundly affect businesses of all sizes, whether it’s inflation, governmental policy, or changes in market demand. For contemporary organizations to remain competitive, executives must account for the impact in their strategic decision-making. The Economics for Business online program from MIT Sloan offers you the opportunity to explore economics from a business perspective, guided by renowned economist Professor Roberto Rigobon. You’ll be exposed to an engaging mix of case studies, narratives, and problem-solving activities designed to build your understanding of macroeconomics. On completion, you’ll be able to apply your knowledge to interpret and manage economic change within your organization.
An online education that sets you apart
This MIT Sloan online program is delivered in collaboration with online education provider GetSmarter. Join a growing community of global professionals, and benefit from the opportunity to:
- Develop new competencies and earn valuable recognition from an international selection of universities, entirely online and in your own time frame.
- Enjoy a personalized, people-mediated online learning experience that supports you every step of the way.
- Experience a flexible but structured approach to online education as you plan your learning around your life to meet weekly milestones.
Why choose GetSmarter?
GetSmarter, powered by 2U, is an online learning expert with over 10 years of experience in developing premium online short courses from the world’s leading universities and institutions. We are powered by 2U to support you in unlocking your potential through life-changing learning with an immersive and high-touch experience.
We deliver market-led courses that equip working professionals with the expertise required to upskill, reskill, or kickstart a completely new career. Through a data-driven approach, we analyze future skills requirements and ensure all courses address this need. We ensure that leading universities and institutions are your expert guides, and our people, technology, and resources are your engine – together we power more than just education, we power your potential.
Is this course for you?
The program is geared toward business professionals and leaders looking to understand the influence of economic trends on business and who are seeking tools, concepts, and models to inform their decision-making. Aspiring managers and executives with decision-making responsibilities stand to benefit from an understanding of the broader business environment. The cross-industry applications of macroeconomics are beneficial for business professionals aiming to enhance their knowledge of economic trends and advance within their career.
You'll walk away with:
- A critical institution for macroeconomics, developed by engaging with real-world case studies, guided by economist Professor Roberto Rigobon.
- The ability to apply your understanding of macroeconomic trends to your organization, with sound critical-thinking skills and decision-making tools.
- The confidence to engage with current issues such as financial crises and technological developments, with the support of macroeconomic models and theory.
- Module 1: The Global Economy
Assess how monetary policy and fiscal policy can be used to stabilize the economy and understand the impact of policy on inflation and deflation. - Module 2: Consumer Confidence and Policy Effects
Debate the efficacy of monetary policies in specific contexts of recessions, booms, and financial crises. - Module 3: Currencies, Crises, and Cryptos
Assess the function of currencies and the role of the banking system in the economy. - Module 4: Measuring Economic Health: The Current Account
Understand the impact of macroeconomic policies, wages, exchange rates, and demand fluctuation on a country’s exports, imports, and the current account - Module 5: Measuring Economic Health: The Labour Market
Evaluate the causes of economic disequilibrium and understand the workings of labor markets. - Module 6: Economic Shocks
Judge the impact of economic shocks on the labor market, wages, exports, imports, and the economy in general. - Module 7: Social and Political Factors
Debate the efficacy of macroeconomic approaches to maintaining social peace and their relationship with the political system. - Module 8: Creating Economic Sustainability
Reflect upon how the values of individuals, corporations, and governments impact the sustainability of macroeconomic systems.
Manage your time
GetSmarter's learning model is designed to help you, as a working professional, improve your skills without compromising on work and family responsibilities. The coursework is broken up into weekly, manageable bite-sized modules, with incremental deadlines, designed to help you pace yourself over the duration of the course and allow you the legroom to work when it suits you best.
At the beginning of each module, you'll be presented with the course content and assignments necessary for completion. You also have access to your Success Adviser, who will help you manage your time and support you with any administrative or technical queries you might have.
Seek employer assistance
By improving your skills and industry knowledge, you'll have an influence on the success of your organization. Why wouldn't you ask your boss to help you fund your studies if it's going to have an impact on the way you do business?
Of our past students, 37 percent have received financial assistance from their employers. You can ask for help, too.
If you are a Learning & Development (L&D) manager or involved in training and upskilling for an organization, you can request information regarding our corporate offering on our GetSmarter for business page.