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Concentration in Global Economy and Management
Not long ago, the world was divided into two main economic systems – the socialist and the capitalist worlds which were engaged in the long-standing conflict known as the Cold War. Generally, countries were either categorized as first-world (capitalist), second-world (socialist), or third-world (developing). After 1989-1991, that all changed. What we then experienced was one of the greatest economic experiments in history – socialist economies began to transition into market economies, allowing us to observe and participate in the construction of economic systems, and learn how they function in practice.
In his book entitled The Lexus and the Olive Tree, journalist Thomas Friedman argues that the Cold War was the world’s economic system, and that the new world system is Globalization with the new conflict between the Lexus (the modern economy, with trade, technology, and human capital) and the Olive Tree (traditional economies, traditional values, and nationalism). As a result, business organizations and the economy in which they function, are also evolving with continued Globalization. Instead of focusing on socialism vs. capitalism, the focus is now on the diversity of institutions and systems among the capitalist economies, the process of economic reform and transition, and the emergence of new alternatives.
Amidst this Globalization comes the need for providing students with the knowledge and skills to allow them to be effective business managers within a global economy in the 21st century. As managerial decision-makers they must be able to design and implement policy solutions evaluated on: efficiency, equity, the role of governments in correcting market failures, as well as macroeconomic performance, economic development, and current issues relating international trade policy and international business practices. More importantly, they should be ethical and moral business leaders whose actions generate private and social benefit.
This concentration includes knowledge and skills in the area of economics, management, marketing and finance, all within a global context.
BA in Management and Leadership: Concentration in Global Economy and Management
6 Required Courses:
- EC 203 The Global Economy
- EC 328 Environmental Economics
- PO 333 International Political Economy
- MT 220 International Management
- MT 347 International Marketing
MT 373 International Financial Management