Course Description
Making confident decisions in today’s rapid and unpredictable economic world can feel daunting, but with the right tools and insights, you can turn uncertainty into opportunity. Understanding how economic forces shape markets, influence business strategies, and impact organizational success can give you a competitive edge.
In Economic Decision Making, you’ll explore key economic indicators like GDP, inflation, and interest rates, and learn how to interpret their implications for business strategy. You’ll analyze market dynamics, evaluate macroeconomic influences, and develop scenario-based strategies to navigate uncertainty. By integrating economic analysis into strategic planning, you’ll gain the tools to make data-driven decisions and drive organizational resilience.
By the end of this course, you’ll have the confidence to approach complex economic challenges with clarity and purpose. Let’s get started!
Course Objectives
By the end of this course, you will be able to:
- Differentiate between key economic indicators (e.g., GDP, inflation, unemployment) and explain their roles in economic analysis and business decision-making.
- Communicate economic insights and strategic recommendations effectively to stakeholders to support informed decision-making and alignment.
- Analyze market dynamics, including supply and demand, consumer behavior, and competitive forces, to assess their impact on business strategies.
- Evaluate the effects of economic, technological, regulatory, and geopolitical changes on business operations and market competitiveness.
- Apply economic analysis techniques to inform strategic planning, resource allocation, and market opportunity identification.
- Develop adaptive strategies using scenario-based forecasting to address market changes and enhance organizational resilience.
Outcome Proficiency Groups
MBA 504 helps you grow in three of the five MyMBA program outcomes:
Strategic Thinking & Decision Making
Turn economic analysis into strategic plans, resource decisions, and scenario-based strategies.
Analytics & Critical Thinking
Interpret indicators like GDP, inflation, and interest rates to read changing market conditions.
Ethical Leadership & Social Responsibility
Weigh how economic choices affect stakeholders, communities, and long-term organizational health.
Where This Course Leads
The skills you build here carry forward to the MBA Capstone, where you bring all five outcome proficiency groups together to tackle a contemporary business challenge.
