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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:Multiple-choice questions, Single-best-answer format
Exam Duration:90 minutes
Passing Score:65%
Related Certifications:Master of Business Administration (MBA)
Bachelor of Science in Business Administration
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: 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
Topic 3: Macroeconomics for Managers10%- Economic Indicators and Policies
  • 1. GDP, inflation, unemployment, business cycles
  • 2. Fiscal and monetary policy impacts
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: 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

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

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


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


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


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


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

A) Trade secret
B) Copyright
C) Patent
D) Trademark


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B,E,F
Question # 3
Answer: B
Question # 4
Answer: C
Question # 5
Answer: D

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