Weekend MBA

International Business

International business includes a broad range of microeconomic and macroeconomic topics critical to gaining an understanding of the global economic environment in which businesses operate, and the role of governments and institutions as economic agents in that environment.

Chicago Booth's international business concentration prepares you to lead in the global environment. Our courses focus on such questions as: How are exchange rates determined? How can exchange-rate risk be managed? Why do some countries grow faster than others? What are the risks of conducting business in an emerging market? What are the determinants and impact of trade barriers such as tariffs and quotas? When does it make sense to establish a base of operations in a foreign country instead of producing domestically and exporting? The ability to answer these questions becomes increasingly important as you advance in your career in a global environment.

You'll have the chance to explore activities outside the classroom in numerous ways that will also allow you to build new skills, relationships, and networks. These include:

  • Booth India Club - Booth India Club (BIC) is a student organization targeted to cater to the needs of Evening MBA and Weekend MBA students at the University of Chicago Booth School of Business who have personal or professional interest in exploring business and career opportunities in India and other Asian economies. This group provides a forum for students to develop their strategic and leadership skills. This group also facilitates networking with alumni, faculty, and other industry leaders in order to exchange valuable ideas and information pertaining to corporate trends and opportunities in India.
  • China Business and Economy Group - The China Business and Economy Group (CBEG) is designed to provide a platform for the Booth community to explore the unique issues of doing business in China. The group's aim is to understand the dynamic economy and opportunities/risks in China. Issues to be explored include investment, finance, business development strategy, marketing, business regulations, and policies across a wide range of industries in China. The uniqueness of CBEG's service to its members and the Booth community is its information center that is hoped to become the online China business directory.
  • Myron Scholes Global Markets Forum - The Myron Scholes Global Markets Forum brings business leaders, policy makers, and distinguished academics together to address the Chicago community on topics of current interest.
  • Latin America Business Conference - This student-organized conference encourages cutting-edge discussions about the Latin American region.

You’ll have the option of taking courses that address your individual career choices. Samples include:

  • International Financial Policy - You will develop an understanding of issues in international macroeconomics that are important for managers operating in the global marketplace. The course covers theories of the determination of exchange rates and interest rates, the management of foreign exchange risk, international capital flows, debt and currency crises, international monetary and exchange rate regimes, the roles of the international financial institutions in developing countries, and other characteristics of international financial markets.
  • The Wealth of Nations - Why is the United States the wealthiest country in the world? How can we understand the emergence of China and India in the last two decades? What explains growth disasters of countries such as Venezuela and Sub-Saharan Africa? Why has Brazil not emerged as a growth miracle despite its enormous potential? We will develop an analytical framework to examine the role of financial markets, labor market regulations, tax policy, and trade policy in understanding a country's growth experience.
  • Chinese Economy - Why has China been growing so fast in the last three decades? What are the keys to develop a successful business in China? How does the emergence of China affect the world economy? This course is designed to answer the above questions using a general framework developed for the Chinese economy.

You’ll study with professors who conduct groundbreaking research, consult with governmental agencies and companies around the world, and share their experience with how financial policy impacts the domestic and global business environment.

A. Kerem Cosar

A. Kerem Cosar, assistant professor of economics, studies international trade and macroeconomics. His research interests include labor market effects of globalization, economic geography, and firm-level empirical analysis of international trade. In this recent research, he used spatial data from Europe to quantify the effects of borders and distance on competition and market shares.

Dingel Jonathan Dingel

Jonathan Dingel, assistant professor of economics, studies international economics and urban economics. His research interests include the geographic distributions of human capital, industries, and occupations. In recent research, he uses microdata from the US Census of Manufactures and Commodity Flow Survey to identify the determinants of quality specialization within US manufacturing.

Chang-Tai Hsieh

Chang-Tai Hsieh, Phyllis and Irwin Winkelried Professor of Economics, conducts research on growth and development. He has been a visiting scholar at the Federal Reserve Banks of San Francisco, New York, and Minneapolis, as well as the World Bank's Development Economics Group, and the Economic Planning Agency in Japan.

Anil K. Kashyap

Anil K. Kashyap, Edward Eagle Brown Professor of Economics and Finance and Charles M. Harper Faculty Fellow, focuses his research on banking, business cycles, corporate finance, price setting, and monetary policy. His research has won him numerous awards, including a Sloan Research Fellowship, the Nikkei Prize for Excellent Books in Economic Sciences, and a Senior Houblon-Norman Fellowship from the Bank of England.

Brent Neiman

Brent Neiman, associate professor of economics and Neubauer Family Faculty Fellow, conducts research on international macroeconomics and trade and is a faculty research fellow at the National Bureau of Economic Research. He previously served as the staff economist for international finance on the White House Council of Economic Advisers and has worked at the Federal Reserve Bank of Chicago, at McKinsey and Company, and at the McKinsey Global Institute.

Ralph Ossa

Ralph Ossa, associate professor of economics and Neubauer Family Faculty Fellow, focuses his research on international trade. He is a former postdoctoral research associate at Princeton University, a visiting fellow at Harvard University, and a tutorial fellow and teaching assistant at the London School of Economics, where he earned a teaching prize for teaching assistants. From 2003 to 2007, he worked as a research assistant at the Centre for Economic Performance in London.

Raghuram G. Rajan

Raghuram G. Rajan, Distinguished Service Professor of Finance, is on leave from Chicago Booth, serving as the governor of the Reserve Bank of India. Rajan was chief economist at the International Monetary Fund from 2003 to 2006. He is the author, along with fellow Chicago Booth faculty member Luigi Zingales, of the book Saving Capitalism from the Capitalists. He received the inaugural Fischer Black Prize in 2003.

Zheng Michael Song

Zheng Michael Song, associate professor of economics, studies macroeconomics, Chinese economy, and political economy. His most recent publications include “Growing like China,” which was coauthored with Kjetil Storesletten and Fabrizio Zilibotti.

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