Global Economics Practice Exam
Global Economics Practice Exam
About Global Economics Exam
The Global Economics Practice Exam is designed to assess your ability to analyse and apply economic concepts in a worldwide context. This certification measures your understanding of international trade, monetary systems, development economics, financial markets, and policy analysis. Whether you are an economist, policy analyst, finance professional, or student of economics, this exam helps you validate your global economic expertise and advance your career.
Who should take the Exam?
- Economists and economic researchers
- Policy analysts and government advisors
- Banking and finance professionals
- Business strategists and consultants
- Graduate and postgraduate economics students
- International development practitioners
Skills Required
- Basic knowledge of microeconomics and macroeconomics
- Introductory quantitative and data analysis skills
- Familiarity with economic models and frameworks
- Ability to interpret economic indicators and data
- Clear written and verbal communication
Knowledge Gained
- Deep understanding of global macroeconomic and microeconomic principles
- Insight into international trade theories and policies
- Grasp of monetary systems, exchange rate mechanisms, and central banking
- Awareness of economic growth models and development indicators
- Ability to evaluate balance of payments and currency risk
- Knowledge of global financial market structures and crises
- Understanding of fiscal and regulatory policy in open economies
- Familiarity with emerging economic issues such as fintech, climate economics, and demographics
Course Outline
Domain 1 – Foundations of Global Economics- National income concepts (GDP, GNI) and measurement
- Inflation, unemployment, and business cycles
- Supply and demand, market structures, and welfare
Domain 2 – International Trade Theory
- Comparative advantage and gains from trade
- Trade policy tools: tariffs, quotas, subsidies
- Regional trade agreements and global value chains
Domain 3 – Global Monetary Systems
- Roles of central banks and monetary policy tools
- Exchange rate regimes: fixed, floating, and hybrid systems
- International institutions: IMF, World Bank, BIS
Domain 4 – Economic Development and Growth
- Solow growth model and endogenous growth theory
- Poverty measurement, human development index (HDI)
- Sustainable development goals and policy strategies
Domain 5 – International Finance and Exchange Rates
- Balance of payments accounting and current vs capital accounts
- Exchange rate determination models (PPP, interest parity)
- Currency risk management and hedging instruments
Domain 6 – Global Financial Markets
- International capital markets and bond, equity markets
- Role of international banks and financial intermediation
- Financial crises, contagion, and crisis prevention
Domain 7 – Policy Analysis and Institutions
- Fiscal policy in open economies and debt sustainability
- Regulatory frameworks: Basel III, financial stability boards
- Role of multilateral institutions in policy coordination
Domain 8 – Emerging Issues in Global Economics
- Digital economy, fintech, and digital currencies
- Economics of climate change and green finance
- Demographic transitions, migration, and labour mobility
