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ECO 102 · Unit 5 of 7

The Global Economy

Macroeconomics and the Global Business Environment

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Learning objectives

After completing this unit, you will be able to:

  • Apply frameworks from \
  • Apply the frameworks in "The Global Economy" to a real management decision
  • Make progress on your Macroeconomics and the Global Business Environment applied project applied project

Why this matters

The Global Economy is essential to Macroeconomics and the Global Business Environment. Lessons build fluency with anchor-company examples, worked problems, and assessments on the unit page.

Lesson

Unit overview

Complete all 5 lessons in order. Each lesson follows the program authoring standard: conceptual prose, worked examples, practice problems, and managerial judgment prompts. Finish unit exercises and the knowledge check before marking the unit complete.

Connection to applied work

This unit feeds directly into Macroeconomics and the Global Business Environment applied project. As you read, capture notes, examples, and data you can reuse in that deliverable. Strong students finish each unit with a draft section of their project, not just highlights.

Practice

  1. Write a one-page summary of this unit in your own words without looking at the lesson.
  2. Find a real company example (public filing, news article, or personal experience) that illustrates the main concept.
  3. Draft one paragraph recommending an action a manager should take based on this unit.
  4. Add at least three terms from this unit to your course glossary.

Knowledge check

Answer these without notes before marking the unit complete:

  1. What is the central idea of "The Global Economy"?
  2. What mistake do beginners most often make when applying this material?
  3. How does this unit help you complete Macroeconomics and the Global Business Environment applied project?
  4. What is one decision you face this month where this unit applies?

Key takeaways

  • Apply frameworks from \
  • Business concepts only matter when they change a decision.
  • Your ECO 102 assessment (Business cycles, monetary and fiscal policy, global economy, and macro strategy.) rewards applied understanding, not memorization.

Unit assessment

Complete each section below. Score 80%+ on the quiz to finish this unit's assessment.

40% applied project35% knowledge checks25% reflections

Exercises

Apply what you learned in this unit with structured practice.

ExerciseApplied practice: The Global Economy45 min
Complete a focused practice exercise on **The Global Economy**. 1. Choose a real company, product, or situation you know. 2. Apply one core framework from this unit to analyze it. 3. Write your analysis in 300–500 words with a clear recommendation. 4. Cite at least one credible source.

Deliverable

300–500 word analysis document saved to your portfolio under ECO 102.

Rubric

  • • Framework applied correctly (not just named)
  • • Specific evidence from a real example
  • • Clear recommendation with tradeoffs acknowledged
  • • Professional writing with source citation
ExerciseDrill: The Global Economy30 min
Work through the practice problems in the unit lesson without looking at notes. Then check your work against the lesson and write a short reflection: - What you got right - One mistake you caught - One concept to review before the next unit

Deliverable

Problem solutions + 150-word reflection in your ECO 102 workbook.

Rubric

  • • Attempted all practice items before checking answers
  • • Honest reflection on errors
  • • Identifies a specific review action

Case analysis

Analyze a case using frameworks from this unit.

CaseCase analysis: The Global Economy60 min
Analyze a real business case through the lens of **The Global Economy**. Choose a public company event, HBR-style case, or documented decision. **Deliverable structure:** 1. Situation summary (150 words) 2. Analysis using this unit's frameworks (400 words) 3. Recommendation (150 words) 4. Risks and what would change your mind

Deliverable

2-page case write-up in your portfolio.

Rubric

  • • Case facts are accurate and sourced
  • • Analysis uses unit frameworks explicitly
  • • Recommendation is justified with tradeoffs
  • • Risks are specific, not generic

Knowledge quiz

Check your understanding before marking the unit complete.

1. Harborline exports from Ohio and Monterrey leveraging:

2. EUR/USD 1.08 → 1.00 on €40M backlog with €30M hedged implies unhedged €10M USD revenue loss about:

3. Balance of payments accounting implies:

4. EM sudden stop hurts Harborline primarily through:

5. Real exchange rate appreciation for U.S. vs Germany (USD up, U.S. CPI up more than German) tends to:

6. Global chip shortage was primarily:

7. Harborline hedges 60% of 9-month confirmed EUR backlog. Remaining exposure is:

8. Terms of trade improvement for a country means:

Next unit: Macroeconomic Strategy →