Macroeconomics for Executives (Online): Navigating Global Risks and Trends

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Course Dates

STARTS ON

February 15, 2023

Course Duration

DURATION

9 weeks, online
4–6 hours per week

Course Fee

PROGRAM FEE

US$2,650 US$2,253 or get US$265 off with a referral

Course Information Flexible payment available
Course Fee

For Your Team

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Invest in yourself and realize your potential. Emeritus is partnering with Columbia Business School Executive Education to bring you an opportunity to unlock career growth. Enroll before , and get early registration pricing to set yourself up for professional success.

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program fee

US$2,650 US$2,253

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Use Macroeconomics to Make Better Decisions for Your Organization

The “butterfly effect” hypothesizes that small, localized actions can eventually have major consequences elsewhere. This idea certainly applies to businesses, especially those that operate internationally. Changes to fiscal or trade policy in just one country, for example, can have ripple effects that touch economies around the world.

Nurturing the ability to make strategic decisions that account for various macroeconomic forces is the focus of the Macroeconomics for Executives program from Columbia Business School Executive Education. Join us for this nine-week, online program to discover how to steer your organization toward a more prosperous future.

Key Takeaways

By successfully completing this program, you will learn how to:

  • Apply our three-step Macro Scenario Playbook to understand how the global economy impacts your business
  • Forecast the impact of macroeconomic shocks on your organization
  • Identify global economic growth opportunities and risks
  • Evaluate the impact of globalization—and the risk of deglobalization—on your business
  • Identify potential short- and long-term pandemic scenarios for their impact on your business
  • Develop a business strategy based on different macroeconomic trends that positions you for success in the face of economic crises
  • Explain to clients how to navigate macroeconomic trends to identify risk and potential growth in their business

Who Should Attend

Global economic trends impact all businesses that operate internationally—and even many businesses that do not. Staying competitive in a rapidly changing economic environment requires organizations to anticipate emerging and future threats and to respond proactively and intelligently.

In Macroeconomics for Executives, you will explore how to make better strategic decisions to help your company thrive. The program cohort will include participants representing a breadth of countries, industries, and backgrounds as well as job functions such as:

  • CxOs seeking to a) deepen their knowledge of global markets and macroeconomics to safeguard their business against crises and sudden market fluctuations, and b) find opportunities of investment and growth across geographies and sectors
  • Corporate strategists, functional business heads, and finance professionals seeking to better a) assess their organization's financial risk appetite based on global economic trends and plan accordingly, and b) predict and prepare for business cycles and their outcomes
  • Investment professionals seeking to a) understand the impact of macroeconomic factors on their investments globally b) offer a better ROI to their clients

Program Topics

Week 1:

Orientation

The first week is orientation week. You will have the opportunity to familiarize yourself with the learning platform and prepare for the program ahead.

Week 2:

Business Cycles and Monetary Policy

Explore how boom/bust cycles and government monetary response affect your business.

Week 3:

Fiscal Stimulus and Fiscal Austerity

Examine the influence of fiscal policy on your business.

Week 4:

Exchange Rates

Discover how exchange rates move, why they matter for your business, and the impact of various exchange rate regimes on the economy.

Week 5:

Macroeconomic News and Financial Markets

Learn to predict the likely impact of macroeconomic news on different asset prices.

Week 6:

Economic Growth in Advanced Economies

Learn to identify sources of long-run economic growth and connect those factors to innovation, growth and productivity at your business.

Week 7:

Forecasting the Next Emerging Market Miracle

Delve into the factors that can influence long-term growth in an emerging market.

Week 8:

Global Trade and Global Capital Flows

Investigate the factors that go into international expansion and sourcing decisions.

Week 9:

Business Strategies in Recessions

Discuss the strategic processes that promote success during economic crises.

Week 10:

Business Strategies in Pandemics

Using a pandemic model, analyze the short- and long-term consequences of various crisis scenarios for your business.

Week 1:

Orientation

The first week is orientation week. You will have the opportunity to familiarize yourself with the learning platform and prepare for the program ahead.

Week 6:

Economic Growth in Advanced Economies

Learn to identify sources of long-run economic growth and connect those factors to innovation, growth and productivity at your business.

Week 2:

Business Cycles and Monetary Policy

Explore how boom/bust cycles and government monetary response affect your business.

Week 7:

Forecasting the Next Emerging Market Miracle

Delve into the factors that can influence long-term growth in an emerging market.

Week 3:

Fiscal Stimulus and Fiscal Austerity

Examine the influence of fiscal policy on your business.

Week 8:

Global Trade and Global Capital Flows

Investigate the factors that go into international expansion and sourcing decisions.

Week 4:

Exchange Rates

Discover how exchange rates move, why they matter for your business, and the impact of various exchange rate regimes on the economy.

Week 9:

Business Strategies in Recessions

Discuss the strategic processes that promote success during economic crises.

Week 5:

Macroeconomic News and Financial Markets

Learn to predict the likely impact of macroeconomic news on different asset prices.

Week 10:

Business Strategies in Pandemics

Using a pandemic model, analyze the short- and long-term consequences of various crisis scenarios for your business.

For complete details of the curriculum please download the program brochure.

Download Brochure

The Macro Scenario Playbook: A Framework for Strategic Decision Making

The Macroeconomics for Executives program features the Macro Scenario Playbook, which includes three steps:

  • Step 1: We examine what a particular scenario means for your business.
  • Step 2: We consider what the scenario implies for the overall economy, which comprises the real economy and the financial market. What does a scenario mean for your stakeholders, including your direct competitors? This step is the primary focus of the program.
  • Step 3: We discuss how the implications uncovered in step 2 affect your business—and can help inform your business strategy.

As you will see, the Macro Scenario Playbook will heighten the relevance of program content to your particular business situation.

Case Studies

In-depth explorations of real-world case studies will bring program concepts to life.

Assessing the wide-ranging impact of the 2017 Tax Cuts and Jobs Act

United States

Assessing the wide-ranging impact of the 2017 Tax Cuts and Jobs Act

Examining a history of crises in Argentina from hyperinflation, to the currency board, to the 2001 default, and its lessons for today

Argentina

Examining a history of crises in Argentina from hyperinflation, to the currency board, to the 2001 default, and its lessons for today.

Investigating the risks posed by the firm’s 2008 collapse on the global economy

Lehman Brothers

Investigating the risks posed by the firm’s 2008 collapse on the global economy

Evaluating GM’s position before—and response to—the 2008 global financial crisis

General Motors

Evaluating GM’s position before—and response to—the 2008 global financial crisis

Decision-Making Simulation

Logo of US Federal Reserve System

Federal Reserve Simulation

Our program will also leverage a simulation game that places you in the role of chair of the U.S. Federal Reserve. Applying your monetary-policy insights, you will aim to fulfill your dual mandate of fostering stable prices and maximum sustainable employment in the U.S. economy.

Program Experience

Decorative image relating to live webinars with Columbia faculty

Live Webinars with Columbia Faculty

Decorative image relating to Federal Reserve Simulation

Federal Reserve Simulation

Real-World Case Studies

Decorative image relating to bite-sized learning

Bite-Sized Learning

Dedicated Program Support Team

Mobile Learning App

Peer Learning and Feedback

Live Office Hours with Program Leaders

Guest Speakers

Program Faculty

Faculty Member Pierre Yared

Pierre Yared

MUTB Professor of International Business and Vice Dean for Executive Education, Columbia Business School

Pierre Yared joined the faculty of Columbia Business School in 2007. He currently teaches Global Economic Environment, a Core MBA course in macroeconomics for which he received the Dean's Award for Teaching Excellence. His research, which has been published in leading academic journals, focuses on macroeconomic policy, political economy, and growth... More info

Guest Speakers

Faculty Member Ruchir Sharma

Ruchir Sharma

Chief Global Strategist, Head of Emerging Markets Equity Team Morgan Stanley Investment Management

Faculty Member Michael Feroli

Michael Feroli

Chief U.S. Economist J.P. Morgan

Faculty Member Alexis Crow

Alexis Crow

Global Head, Geopolitical Investing Practice PwC

Faculty Member Abby Joseph Cohen

Abby Joseph Cohen

Advisory Director and Senior Investment Strategist Goldman Sachs

Certificate

Example image of certificate that will be awarded after successful completion of this program

Certificate

Upon completion of this program, you will receive a certificate of participation from Columbia Business School Executive Education—a powerful testament to your management capabilities.

Download Brochure

Your verified digital certificate will be issued in your legal name and emailed to you at no additional cost. All certificate images are for illustrative purposes only and may be subject to change at the discretion of the Columbia Business School Executive Education.

FAQs

  • How do I know if this program is right for me?

    After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please email learner.success@emeritus.org, and a dedicated program advisor will follow-up with you very shortly.


    Are there any prerequisites for this program?

    Some programs do have prerequisites, particularly the more technical ones. This information will be noted on the program landing page, as well as in the program brochure. If you are uncertain about program prerequisites and your capabilities, please email us at learner.success@emeritus.org for assistance.


    Note that, unless otherwise stated on the program web page, all programs are taught in English and proficiency in English is required.


    What is the typical class profile?

    More than 50 percent of our participants are from outside the United States. Class profiles vary from one cohort to the next, but, generally, our online certificates draw a highly diverse audience in terms of professional experience, industry, and geography — leading to a very rich peer learning and networking experience.


    What other dates will this program be offered in the future?

    Check back to this program web page or email us at learner.success@emeritus.org to inquire if future program dates or the timeline for future offerings have been confirmed yet.

  • How much time is required each week?

    Each program includes an estimated learner effort per week. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page.



    How will my time be spent?

    We have designed this program to fit into your current working life as efficiently as possible. Time will be spent among a variety of activities including:



    • Engaging with recorded video lectures from faculty
    • Attending webinars and office hours, as per the specific program schedule
    • Reading or engaging with examples of core topics
    • Completing knowledge checks/quizzes and required activities
    • Engaging in moderated discussion groups with your peers
    • Completing your final project, if required

    The program is designed to be highly interactive while also allowing time for self-reflection and to demonstrate an understanding of the core topics through various active learning exercises. Please contact us at learner.success@emeritus.org if you need further clarification on program activities.



    What is it like to learn online with the learning collaborator, Emeritus?

    More than 250,000 professionals globally, across 80 countries, have chosen to advance their skills with Emeritus and its educational learning partners. In fact, 90 percent of the respondents of a recent survey across all our programs said that their learning outcomes were met or exceeded.

    A dedicated program support team is available 24/5 (Monday to Friday) to answer questions about the learning platform, technical issues, or anything else that may affect your learning experience.


    How do I interact with other program participants?

    Peer learning adds substantially to the overall learning experience and is an important part of the program. You can connect and communicate with other participants through our learning platform.

  • What are the requirements to earn the certificate?

    Each program includes an estimated learner effort per week, so you can gauge what will be required before you enroll. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page. All programs are designed to fit into your working life.

    This program is scored as a pass or no-pass; participants must complete the required activities to pass and obtain the certificate of completion. Some programs include a final project submission or other assignments to obtain passing status. This information will be noted in the program brochure. Please contact us at learner.success@emeritus.org if you need further clarification on any specific program requirements.


    What type of certificate will I receive?

    Upon successful completion of the program, you will receive a smart digital certificate. The smart digital certificate can be shared with friends, family, schools, or potential employers. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile.
    The digital certificate will be sent approximately two weeks after the program, once grading is complete.


    Can I get the hard copy of the certificate?

    No, only verified digital certificates will be issued upon successful completion. This allows you to share your credentials on social platforms such as LinkedIn, Facebook, and Twitter.


    Do I receive alumni status after completing this program?

    No, there is no alumni status granted for this program. In some cases, there are credits that count toward a higher level of certification. This information will be clearly noted in the program brochure.


    How long will I have access to the learning materials?

    You will have access to the online learning platform and all the videos and program materials for 12 months following the program start date. Access to the learning platform is restricted to registered participants per the terms of agreement.

  • What equipment or technical requirements are there for this program?

    Participants will need the latest version of their preferred browser to access the learning platform. In addition, Microsoft Office and a PDF viewer are required to access documents, spreadsheets, presentations, PDF files, and transcripts.


    Do I need to be online to access the program content?

    Yes, the learning platform is accessed via the internet, and video content is not available for download. However, you can download files of video transcripts, assignment templates, readings, etc. For maximum flexibility, you can access program content from a desktop, laptop, tablet, or mobile device.

    Video lectures must be streamed via the internet, and any livestream webinars and office hours will require an internet connection. However, these sessions are always recorded, so you may view them later.

  • Can I still register if the registration deadline has passed?

    Yes, you can register up until seven days past the published start date of the program without missing any of the core program material or learnings.


    What is the program fee, and what forms of payment do you accept?

    The program fee is noted at the top of this program web page and usually referenced in the program brochure as well.

    • Flexible payment options are available (see details below as well as at the top of this program web page next to FEE).
    • Tuition assistance is available for participants who qualify. Please email learner.success@emeritus.org.

    What if I don’t have a credit card? Is there another method of payment accepted?

    Yes, you can do the bank remittance in the program currency via wire transfer or debit card. Please contact your program advisor, or email us at learner.success@emeritus.org for details.


    I was not able to use the discount code provided. Can you help?

    Yes! Please email us at learner.success@emeritus.org with the details of the program you are interested in, and we will assist you.


    How can I obtain an invoice for payment?

    Please email learner.success@emeritus.org with your invoicing requirements and the specific program you’re interested in enroling in.


    Is there an option to make flexible payments for this program?

    Yes, the flexible payment option allows a participant to pay the program fee in installments. This option is made available on the payment page and should be selected before submitting the payment.


    How can I obtain a W9 form?

    Please email us at learner.success@emeritus.org for assistance.

  • What is the policy on refunds and withdrawals?

    You may request a full refund within seven days of your payment or 14 days after the published start date of the program, whichever comes later. If your enrolment had previously been deferred, you will not be entitled to a refund. Partial (or pro-rated) refunds are not offered. All withdrawal and refund requests should be sent to admissions@emeritus.org.



    What is the policy on deferrals?

    After the published start date of the program, you have until the midpoint of the program to request to defer to a future cohort of the same program. A deferral request must be submitted along with a specified reason and explanation. Cohort changes may be made only once per enrolment and are subject to availability of other cohorts scheduled at our discretion. This will not be applicable for deferrals within the refund period, and the limit of one deferral per enrolment remains. All deferral requests should be sent to admissions@emeritus.org.

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