The Crossroads of the Global Economy: For Non-Financial Professionals

Corporate
Digital Skills

Business Management and Finance

Duration

40 hours

PRESENTATION

The Crossroads of the Global Economy. For Non-Financial Professionals is a course designed to give you a deep understanding of global economic dynamics, even if you have no prior background in finance. In an era where market fluctuations, international trade, and economic crises impact our lives on a daily basis, understanding these phenomena is crucial. You'll learn how the world works under a free-market system and explore both its strengths and its traditional criticisms. You’ll discover whether there really is a limit to global economic growth and how international investment and trade shape our future. Gaining expertise in these areas will not only allow you to make more informed decisions in your personal and professional life, but it will also position you in a field with growing job demand, where economic knowledge is valued more than ever. This online course offers you the flexibility you need to acquire these skills from the comfort of your home, preparing you to successfully navigate the challenges of the global economy.

Objectives

– Understand how the free market functions in the global economy.

– Identify traditional criticisms of the free-market system.

– Analyze the limits of global economic growth.

– Explore the impact of international trade and investment.

– Understand the causes and effects of economic crises.

– Evaluate the importance of the free market in today's economy.

– Apply economic concepts to real-world situations.

Syllabus

TEACHING UNIT 1. HOW DOES THE WORLD WORK? THE FREE MARKET ECONOMY How the Market Economy Emerged – Adam Smith How the Market Economy Works – The Invisible Hand There Is an Ethic Behind the Free Market Gross Domestic Product – The Indicator the World Watches TEACHING UNIT 2. TRADITIONAL CRITICISMS OF THE FREE MARKET SYSTEM The system revolves around an equilibrium point it never actually reaches Late Development – Those Who Came Later An Army of Reserve Workers Outside the System TEACHING UNIT 3. ECONOMIC GROWTH AROUND THE WORLD. IS THERE A LIMIT? Economic Growth vs. Human Development Inequality in the World Today Limits to Economic Growth Zero-Sum Games TEACHING UNIT 4. INTERNATIONAL TRADE AND INVESTMENT. ECONOMIC CRISES The Current Account Balance – The Indicator We Should All Be Watching Exporting and Importing Countries The Current Account Balance Explains Crises Current Situation
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Are the Educa PHAROS courses eligible for credit?

Many courses can be credited toward the master's programs at Structuralia.

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Courses

Educa PHAROS is a next-generation training model that places a company’s human capital at the forefront. Through a platform that adapts to each company’s corporate identity and offers a total of more than 900 courses, it provides tailored training for each organization. The unlimited flat-rate plan provides each company with the number of courses that best suits its needs, as well as the ability to determine which employees will have access.
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