Strategy and Innovation
Understanding Global Markets: Macroeconomics for Executives
Certificate Track: Strategy and Innovation
This program will introduce participants to some of the most important concepts in macroeconomics and international economics today. The material will be offered in four sections that form a comprehensive economist's viewpoint: the role that central banks play in the global economy; the forces that drive financial sectors and financial crises; how and why countries trade, and why trade is a source of conflict; and lastly, the considerations that should be part of all international business decisions.
For a more in-depth look at the economic policies and choices of Europe and Asia and the relative success compared to the rest of the world, we will offer an extended version of this program that will take place over three days, Understanding Global Markets: Macroeconomics for Executives (extended), in 2014.
Join the MySloanExecEd Community Group for this program to network with past, present, and future participants.
Many participants attend this program along with Strategy in a Global World.
The program is designed to help executives understand and predict the medium-to long-run performance of economies in order to mitigate risk, develop growth plans, and make investment decisions, both locally and abroad. Participants will leave the program with a better understanding of the global economic environment, and learn to recognize the effects of the economy on their companies, so that their business decisions may be informed and appropriate. The tools and frameworks presented in this program will enable participants to:
- Understand the nature and behavior of financial crises
- Learn to interpret financial indicators
- Recognize economic trends
- Predict likely actions of central banks and governments
- Make informed off-shoring decisions
- Be successful in international investments
Every senior manager needs to understand why economic changes take place and how to interpret them in the context of their own organization. Managers who will benefit from this program the most are:
- C-level executives of smaller or mid-size companies
- General managers
- Business unit managers in multinational companies
- VPs of ﬁnance, operations, human resources, marketing, and sales
- Strategic planning managers
Society of Sloan Fellows Professor of Management Professor of Applied Economics
Roberto Rigobon is a research associate of the National Bureau of Economic Research, and a visiting professor at IESA. Since joining MIT Sloan in 1997, he has won the "Teacher of the Year" award three times and received the "Excellence in Teaching" award three times. His areas of research are international economics, monetary economics, and development economics. Roberto focuses on the causes of balance-of-payments crises, financial crises, and the propagation of them across countries—the phenomenon that has been identified in the literature as "contagion." He studies properties of international pricing practices, and is one of the two researchers behind how the Federal Reserve in the US determines its interest rate policy when there is a shock in the stock market index, and what is the impact of monetary policy shocks on asset prices. He holds a PhD in economics from MIT, an MBA from IESA (Venezuela),and his BS in electrical engineering from Universidad Simon Bolivar (Venezuela).
|DAY One SAMPLE|
|07:45 AM - 08:30 AM||Registration and Continental Breakfast|
|08:30 AM - 12:00 PM||Welcome and Introduction, The Short Run: The Babysitter|
|12:00 PM - 01:00 PM||Luncheon|
|01:00 PM - 05:00 PM||External Sustainability, Day 1 Review and Assignment|
|05:00 PM - 06:00 PM||Reception|
|DAY Two SAMPLE|
|07:45 AM - 08:30 AM||Continental Breakfast|
|08:30 AM - 10:00 AM||Discussion on Off Shoring Exercise|
|10:15 AM - 12:00 PM||Flexible Exchange Rates: The Central Bank as Babysitter|
|12:00 PM - 01:00 PM||Luncheon|
|01:00 PM - 04:00 PM||Financial Crisis & Europe|
Studies of economics implies sophisticated complicated mathematical formulation; however, in Macroeconomics with Roberto he provided intuitive and understandable interpretations of econ concepts which provides powerful and practical guide for decision makers and he blended his lessons with a colorful balance of story telling that takes one on a journey and moves you to think different about economics and may even transform you. Macroeconomics with Roberto- is a must see "SHOW"! I look forward to having the opportunity for further studies under the tutelage of Roberto.
Obviously a sage in his field who knows how to make learning fun, could listen to Roberto tall about most anything.
Enjoy the course material, presenation, and in class discussions. I was extremely impressed with the discussion of Macroeconomics within the cultural framework.
Awsome !!! Roberto is really fantastic and has the ability to communicate with a simple and objective language.