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Exam Code: Global-Economics-for-Managers
Exam Name: WGU Global Economics for Managers (C211, UZC2)
Certification Provider: WGU
Corresponding Certification: Courses and Certificates

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Global-Economics-for-Managers

Last Updated: Sep 12, 2026

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WGU Global-Economics-for-Managers Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: Foreign Direct Investment and Global Strategy20%- Foreign Direct Investment (FDI)
  • 1. Location advantages and entry modes
  • 2. Theories of FDI, costs and benefits
- Global Business Strategy
  • 1. Strategic positions: Defender, Extender, Contender, Dodger
  • 2. Porter's Diamond model
Topic 2: Macroeconomics for Managers10%- Economic Indicators and Policies
  • 1. Fiscal and monetary policy impacts
  • 2. GDP, inflation, unemployment, business cycles
Topic 3: International Trade Theory and Policy25%- Classical and Modern Trade Theories
  • 1. Absolute advantage, Comparative advantage
  • 2. Heckscher-Ohlin, Product life-cycle, Strategic trade theory
- Trade Policies and Barriers
  • 1. Tariffs, quotas, subsidies, embargoes
  • 2. Economic integration: EU, USMCA, ASEAN
Topic 4: Foundations of Global Economics20%- Economic Systems and Institutions
  • 1. Market, command, and mixed economies
  • 2. Political, legal, and cultural frameworks
- Views on Globalization
  • 1. New view, Evolutionary view, Pendulum view
  • 2. Drivers and consequences of globalization
Topic 5: 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. Fixed vs floating exchange rates, IMF, World Bank
  • 2. Current account, capital account, official reserves

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

Question #1

Which transaction is included in the consumption component of GDP?

  • A. A company exports automobiles
  • B. A person pays for a haircut
  • C. A firm purchases new machinery
  • D. A government builds a highway
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #2

What are characteristics of a market economy? (Choose TWO.)

  • A. Supply, demand, and pricing are planned by the government.
  • B. It found a near ideal in China and the former Soviet Union during communism.
  • C. It is defined by a government taking the authoritative role in the economy.
  • D. It was first noted by Adam Smith in The Wealth of Nations in 1776.
  • E. Factors of production are government-owned or state-owned.
  • F. It is characterized by the "invisible hand" of market forces.
Reveal Solution  Discussion  0

Correct Answer: D,F  🗳️

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Question #3

Which quantity measures the market value of all final goods and services produced within a country in a given period of time?

  • A. National disposable income
  • B. Net domestic product (NDP)
  • C. Gross national income (GNI)
  • D. Gross domestic product (GDP)
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

When an import tariff is placed on footwear, which quantity increases?

  • A. Producer surplus for footwear
  • B. Domestic demand for footwear
  • C. Consumer surplus for footwear
  • D. The quantity of footwear imported
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

What is true about tariffs?

  • A. They lower the price of affected imported goods below the world price.
  • B. They increase the quantity of imports.
  • C. They encourage consumers to reduce their consumption.
  • D. They increase the domestic quantity demanded.
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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