Strategic Macroeconomics for Business & Investing
What you'll learn
- Learn the basic principles of macroeconomics from a strategic point of view
- Learn how to apply macroeconomics in your daily personal and business life
- Understand how to forecast and manage your company over the business cycle
- Understand how macroeconomic events affect stock, bond and financial markets
- Better manage your personal finances and economic choices
Requirements
- This course is freshman level college and above but available to all advanced high schools students as well
Description
Professor Navarro’s unique and internationally recognized expertise lies in his ‘big picture’ application of a highly sophisticated but easily accessible macroeconomic analysis of the business cycle and stock and bond markets for corporate executives and investors.
In this course, "Prof Navarro" weds business and financial market strategies with the principles of macroeconomics. In doing so, he offers a powerful toolbox together with cases and lessons across all major functions of business, management, from finance, operations management, and marketing to human resource management, organizational behavior, statistics, and, of course, business strategy.
The central idea behind this course is to help you profitably manage over the ups and downs of the business cycle and the related stock and bond market cycles -- whether you are a corporate executive, a financial market advisor or analyst, or perhaps a blue-collar worker or retiree worried about how economic conditions may affect your wages and value of your pension.
As a corporate manager or executive, you should always be thinking about whether a recession might be coming. What should you look for? If the recession comes, what kind of management decisions should you make?
Often times, in a recession, the kneejerk corporate reaction is to do just the opposite of what profitability says you should do. For example, the kneejerk reaction is often to fire people; but a recession can offer great opportunities to "cherry pick" the best of the talent that other companies are all too quickly casting off.
Similarly, corporate executives tend to cut back dramatically on capital expenditures during recessions. Yet, investing in new plant and equipment during a recession can position a company to reap great rewards through more innovative and efficient production.
There are similar questions and lessons for financial advisors and managers -- or just plain "folk" managing their own personal and retirement portfolios. For example, how can you avoid the pain of a bearish stock market that typically is the harbinger of recession? And when might be the best time to shift your portfolio more to bonds?
This course will help you think through all of these questions and thereby position you for greater stability and prosperity across the range of global economic conditions. So, let's roll our sleeves and get to work!
Who this course is for:
- Investors, corporate executives, and just plain folks interested in managing their finances in an increasingly chaotic global economic environment
Instructor
![Peter Navarro](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.7 Instructor Rating
- 296 Reviews
- 2,961 Students
- 2 Courses
Peter Navarro received his PhD in economics from Harvard University in 1986 and is professor emeritus at the Merage School of Business, University of California-Irvine.
Professor Navarro’s unique and internationally recognized expertise lies in his ‘big picture’ application of a highly sophisticated but easily accessible macroeconomic analysis of the business cycle and stock and bond markets for corporate executives and investors.
At UC-Irvine, Professor Navarro was a pioneer in online teaching; he was the first to offer online economics courses at UCI, teaching online as early as the 1990s. For his pioneering work and excellence in teaching both online and in the classroom, Professor Navarro was awarded the UCI's prestigious Distinguished Faculty Award for Teaching in 2016.
In 2017, Professor Navarro took leave from UCI to serve four years in the White House as the Director of Trade and Manufacturing Policy. Today, he remains professor emeritus at UCI.
Professor Navarro best-selling books include the ground-breaking management strategy books The Well-Timed Strategy and Always A Winner, the stock market investing classic If It's Raining in Brazil, Buy Starbucks, and his three-volume series on China.
Over the course of his career, Professor Navarro has been a keynote speaker on management, finance, global politics and the economy at hundreds of events. His speaking style is unique; it involves a very active engagement of the audience using a state-of-the-art audience response system.
Professor Navarro has also been a frequent media commentator, with numerous appearances on cable channels such as CNBC, CNN, MSNBC, Fox, and Bloomberg as well as on all major broadcast networks and PBS.
Professor Navarro's articles have appeared in publications such as Business Week, Harvard Business Review, The New York Times, and The Wall Street Journal.
This course was originally developed for business major undergraduates and MBA students at UC-Irvine, but it is accessible to all levels.