B6201 Global Economic Environment is a macroeconomics course for MBA and EMBA students at Columbia Business School. All students will take it, and it does not require a prerequisite because it is a core class. The Economics Department of Columbia Business School offers B6201 Global Economic Environment, a foundational economics course that teaches students how economies function.
B6201 Global Economic Environment vs. B6200 Managerial Economics
Both B6201 Global Economic Environment and B6200 Managerial Economics are foundational courses in the MBA program at Columbia Business School. B6200 Managerial Economics teaches MBAs how markets function and how companies can operate with these markets.
B6201 Global Economic Environment, on the other hand, teaches students the fundamentals of a country’s competitiveness, how productivity and growth are measured and driven, and the forces that determine production, consumption, savings, and investment.
Our graduate-level economics tutors provide one-on-one online tutoring for B6201 Global Economic Environment, B6200 Managerial Economics, and other economic courses at Columbia Business School.
Target Audience B6201 Global Economic Environment
B6201 Global Economic Environment is highly recommended for anyone who is interested in investing or owning a business. This is because B6201 Global Economic Environment teaches you how the global economy functions. MBA and EMBA students study policy and performance of a country. This is important to be able to read economic signs and prepare your businesses accordingly.
B6201 Global Economic Environment teaches students what forces drive foreign exchange rate movements and how foreign exchange rates impact the policy and performance of a country as well as institutions and businesses in a country. B6201 Global Economic Environment dives into relationships between government policies and private-sector performance in a global setting.
B6201 Global Economic Environment Course Objectives
The B6201 Global Economic Environment course aims to give Columbia MBAs a graduate-level introduction to macroeconomics. B6201 Global Economic Environment introduces students to the external factors that affect the performance and management of firms in today’s global economy.
MBA and EMBA students learn how to read and interpret various macroeconomic variables such as real output, economic growth, unemployment, inflation, and interest rates in B6201 Global Economic Environment.
Professor John McDermott, a faculty member who teaches the B6201 Global Economic Environment course, says that the objective of his course is to help students become “informed and sophisticated consumers of economic news.”
B6201 Global Economic Environment Course Structure
The first part of the B6201 Global Economic Environment course has 5 sessions covering national accounts, growth accounting, convergence, productivity, and labor markets. The second part of the B6201 Global Economic Environment course has four sessions covering recessions and recoveries, monetary policy, exchange rates, inflation, etc. The third part of the B6201 Global Economic Environment course has 3 sessions covering fiscal policy, debt, and global capital flows.
B6201 Global Economic Environment Teaching Format
The B6201 Global Economic Environment course teaching format is mostly lecture based supplemented with problem sets and the case studies.
What is unique about this course is the introduction of student debates. Each semester has about six debates where two student groups will analyze a course topic and debate it out in class for 20 minutes. These debates are followed by a 10 minute class discussion where the professor and other students chime in on the topic.
The B6201 Global Economic Environment course helps students answer the following questions:
- Why are some countries more developed?
- Why do some countries perform better?
- What causes of global imbalances?
- What are the consequences of global imbalances?
- What drives exchange rates?
- What causes business cycles?
- What drives inflation?
- What is hyperinflation?
- What are the drivers of hyperinflation?
- What is of monetary policy?
- What role of fiscal policy?
B6201 Global Economic Environment Course Plan
A typical course plan in B6201 Global Economic Environment and Columbia Business School is as follows: Please note that every professor has the discretion to change the course plan.
The course has three distinct parts. The first part of the B6201 Global Economic Environment course has five sessions
- National Accounts
- Growth Accounting
- Convergence
- Productivity
- Labor Markets
The second part of the B6201 Global Economic Environment course has four sessions:
- Recessions and Recoveries
- Monetary Policy
- Exchange Rates
- Hyperinflation
The third part of the B6201 Global Economic Environment course has three sessions:
- Fiscal Policy and Debt
- Global Capital Flows I
- Global Capital Flows II
B6201 Global Economic Environment Faculty At Columbia Business School
B6201 Global Economic Environment has been taught by several Columbia faculty members, including Brett House, Jesse Schreger, Kristina Manysheva, Conor Walsh, Christian Moser, John McDermott, etc., in recent years.
Textbook for B6201 Global Economic Environment
The B6201 Global Economic Environment course uses the textbook Intermediate Macroeconomics by Professor Nicolas Vincent from HEC Montréal and Professor Pierre Yared from Columbia Business School.
Of course, many supplementary materials are provided, including class slides, articles, case studies, etc.
B6201 Global Economic Environment Evaluation
The final exam in B6201 Global Economic Environment is a 1.5-hour closed-book exam that tests your understanding of the material covered throughout the course. You will be permitted to carry a cheat sheet.
The final grades in B6201 Global Economic Environment are from: Student Debates: 10% Cases: 15% Problem Sets: 25% Class Participation: 10% Final Examination: 40%.
Tutoring for B6201 Global Economic Environment
There are several tutoring options provided by the Columbia Business School administration that we have listed here. If you don’t find the assistance you are looking for our graduate level macroeconomics tutors can assist you with tutoring for the B6201 Global Economic Environment course at Columbia Business School or other economics courses including B6200 Managerial Economics. Email or call us, and we will happily set up a tutoring session.