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WGU Global-Economics-for-Managers Exam Overview:

Certification Vendor:Western Governors University (WGU)
Exam Name:Global Economics for Managers Objective Assessment
Exam Number:C211, UZC2, Global-Economics-for-Managers
Certificate Validity Period:Valid as long as enrolled; no expiration once completed
Real Exam Qty:50–60
Exam Format:Single-best-answer format, Multiple-choice questions
Exam Duration:90 minutes
Passing Score:65%
Related Certifications:Bachelor of Science in Business Administration
Master of Business Administration (MBA)
Exam Price:Included in tuition; no separate exam fee
Available Languages:English
Recommended Training:Global Economics for Managers Study Guide
WGU Course Materials & Learning Resources
Exam Registration:WGU Student Portal
Sample Questions:WGU Global-Economics-for-Managers Sample Questions
Exam Way:Online proctored exam; taken remotely via WGU's testing platform
Pre Condition:No prior courses required; open to all WGU business students
Official Syllabus URL:https://www.wgu.edu/online-business-degrees/c211-global-economics-for-managers.html

WGU Global-Economics-for-Managers Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Global Finance and Monetary Systems25%- Foreign Exchange Markets
  • 1. Exchange rate determination, currency regimes
  • 2. Hedging and risk management
- Balance of Payments and International Monetary System
  • 1. Current account, capital account, official reserves
  • 2. Fixed vs floating exchange rates, IMF, World Bank
Topic 2: Macroeconomics for Managers10%- Economic Indicators and Policies
  • 1. GDP, inflation, unemployment, business cycles
  • 2. Fiscal and monetary policy impacts
Topic 3: Foreign Direct Investment and Global Strategy20%- Foreign Direct Investment (FDI)
  • 1. Theories of FDI, costs and benefits
  • 2. Location advantages and entry modes
- Global Business Strategy
  • 1. Strategic positions: Defender, Extender, Contender, Dodger
  • 2. Porter's Diamond model
Topic 4: International Trade Theory and Policy25%- Classical and Modern Trade Theories
  • 1. Heckscher-Ohlin, Product life-cycle, Strategic trade theory
  • 2. Absolute advantage, Comparative advantage
- Trade Policies and Barriers
  • 1. Tariffs, quotas, subsidies, embargoes
  • 2. Economic integration: EU, USMCA, ASEAN
Topic 5: Foundations of Global Economics20%- Economic Systems and Institutions
  • 1. Political, legal, and cultural frameworks
  • 2. Market, command, and mixed economies
- Views on Globalization
  • 1. Drivers and consequences of globalization
  • 2. New view, Evolutionary view, Pendulum view

WGU Global Economics for Managers (C211, UZC2) Sample Questions:

Question #1

When confronting MNEs, the extender strategy centers on what?

  • A. Leveraging local assets in areas in which MNEs are weak
  • B. Engaging in rapid learning and then expanding overseas
  • C. Cooperating through joint ventures (JVs) with MNEs and sell-offs to MNEs
  • D. Leveraging homegrown competencies abroad
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #2

What are three characteristics of industries primed for collusion? (Choose THREE.)

  • A. Perfect information for consumers
  • B. Homogeneous products
  • C. High product differentiation
  • D. Free entry and exit
  • E. A price leader
  • F. A small number of rivals
Reveal Solution  Discussion  0

Correct Answer: B,E,F  🗳️

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Question #3

What is the Nash equilibrium?

  • A. A particular situation between two entities that illustrates why cooperation is difficult to maintain even when it is mutually beneficial
  • B. A situation in which economic actors interacting with one another each choose their best strategy from among all available strategies currently being used by said actors
  • C. A group of firms illegally acting in unison to improve profits or dominate a market
  • D. An agreement among firms in a market over production and price
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Correct Answer: B  🗳️

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Question #4

Costs that do not vary with output quantity divided by the quantity of output is best described by which term?

  • A. Average variable cost
  • B. Total cost
  • C. Average fixed cost
  • D. Marginal cost
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #5

Which protection of intellectual property is used for the design of a logo?

  • A. Trade secret
  • B. Copyright
  • C. Patent
  • D. Trademark
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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