The Macroeconomics class taught by Professor Shlomo Maital focused on utilizing ten macroeconomic tools to strengthen participants' analytical abilities as global managers.
Ernestas Daraska, a Lithuanian participant with a background in Stock Brokerage, described the class "Macro Economics class was very involving, especially (the) team work. Team work allowed us to learn about business environments in many countries all around the world. The fact that we were required to find a business opportunity in the selected country made us analyze (the) country from many perspectives, taking into account geopolitics, economics, lifestyle, and technology trends. It was a very interesting experience."
Professor Maital sees this class as particularly useful for MBA participants because:
"First, all business today is global, including MBA programs themselves. So to think like global managers, our MBA students need a strong knowledge of practical Macroeconomic tools, including practice when analyzing a country.
Second, it is not unlikely that during their careers, MBA’s will find themselves posted in an unfamiliar country...When this happens, they will hopefully remember, and use, the tools we learned and practiced in this class.
Third, there is considerable systemic risk in current global financial markets. It is important for global managers to understand the nature of that risk, and understand how to evaluate and forecast it.
Finally, not least -- global managers need to be able to identify opportunities where others see only risk... Risk implies an unmet need – which by definition implies a business opportunity."
Professor Maital is a firm favourite with each mBA class. Of why he enjoys teaching at EDHEC he comments "My class of 77 students included students from 24 countries. They speak passionately and knowledgeably about their countries, and I always know a lot more at the end of my course than I knew at the beginning."
Professor Maital is the senior research fellow at the S. Neaman Institute, Technion, in Israel. Readers may follow his blog writing at: timnovate.wordpress.com.