Macroeconomics and the Global Business Environment
Seoul, South Korea
Area of Study
Business, Economics, International Economics
Taught In English
Introductory knowledge of macroeconomics is essential.
Host University Units3
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
The purpose of this course is to equip students with thinking systematically about the current state of the economy and macroeconomic policy and evaluating the economic environment within which business and financial decisions are made. The course emphasizes the use of the theoretical framework (in economics) to analyze the effect of policy and macro level shocks on not only individual agents but also firms. Specifically, the course studies the determinants of the level of national income, business cycle, employment, investment, interest rates, the supply of money, inflation, exchange rates, and the formulation and operation of monetary and fiscal policies, particularly from a firm’s viewpoint. By the end of the course, students should be able to understand current global macroeconomic issues and follow an analysis of these issues in newspapers such as The Economist, The Wall Street Journal and The Financial Times.
Frederic S. Mishkin, Macroeconomics (1st edition), Pearson Education, Inc.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations