Global Economics
    Duration2 year(s)
    Tuition Fee
    USD 50,320 / Year
    Next IntakeAugust 22, 2022

    Global Economics

    About

    This class is designed to give you some insight into the enormous differences in economic environments faced by businesses around the world: how the environment in the United States differs from that in (say) France, China, or Mexico. We will view the world through the lens of open economy macroeconomics, the field of economics concerned with the national performance, policies of countries and interactions among them. We will use it to study such issues as economic indicators and forecasting (Where are we headed?), economic growth (Why are some countries more productive than others?), business cycles (booms and recessions), employment and unemployment, inflation and deflation, monetary policy and interest rates, international trade and capital flows, foreign exchange rates, and impact of fiscal policy. By the end of the Mini, you will be able to: Better understand the behavior of the economy as a whole. Better understand the sources of the various controversies concerning macroeconomic policy. Explain how differences in "local institutions" change the nature (and cost) of doing business. Describe the causes of good long-term performance: why per capita income is higher in the US and France than in India or Mexico. Evaluate such economic indicators as bond yields, employment, inflation, exchange rates, and current account deficits. The topics covered in this course are relevant for Managerial Economics, Finance, Non-profit Studies, Political Economy, International Business Requirements of this course include 4 weekly group assignments (30% of total grade), a take-home midterm exam (25% of total grade), a final exam, (35% of total grade) and peer review for assignments/ class participation (10% of total grade). Group work is required for the assignments and groups can at most include 4 people. Final grades will be determined on a relative basis students with the highest total points will receive As those next in line will receive Bs etc. (2013-SY)

    Requirements

    Entry Requirements

    GPA

    3.41

    Average

    3.43

    Median

    3.03-3.76

    Middle 80%

    English Requirements

    • IELTSMin 7.5
    • TOEFLMin 102

    English Program Requirements

    Candidates are required to demonstrate a level of competence in English to meet the admissions requirements of the university. You are required to take a TOEFL, IELTS, or Duolingo exam unless:

    • You attended an undergraduate institution, earning a bachelor’s degree, where the sole language of instruction was English.
    • You earned a graduate degree where the sole language of instruction was English. (Although not required, we do recommend that you take the English Language Proficiency exam.)

    You must request that the official score be sent from the testing agency to our program for us to verify the score entered into the application. Request that the official score be sent to us using the following codes:

    • TOEFL Program Code: Institutional Code = 2074; Departmental Code = 02
      • Pro Tip: The recommended TOEFL score is 25 on each section of the Internet-based test. The minimum TOEFL scores required to apply for admission are: Reading: 20, Listening: 20, Speaking: 20, Writing: 20
    • IELTS Program Code: Select Carnegie Mellon and the Tepper School of Business 
      • Pro Tip: The recommended IELTS score is 7 overall and 7 in each band. The minimum IELTS scores required to apply for admission are: Listening: 7, Reading: 7, Writing: 7, Speaking: 7, Overall Band: 7
    • Duolingo Program Code: Select Carnegie Mellon University – Tepper School of Business
      • Pro Tip: The recommended Duolingo English Test (DET) score is 120 overall

    Pro Tip: TOEFL and IELTS scores are valid for two years and must be valid at the time you submit your application.

    Pro Tip: If you earned a degree from a non-U.S. institution, your academic documents should state that the sole language of instruction for the entire university was English in order to be eligible for a TOEFL/IELTS/Duolingo waiver. If your academic documents don’t include this, you should upload an official letter from the University Registrar indicating English as the mode of instruction for the entirety of the degree.

    Fee Information

    Application Fee 75

    Global Economics

    Carnegie Mellon University

    Carnegie Mellon University

    United States of America

    United States of America, Pittsburgh