Key Steps to Pass C211

Step 1: Understand Course Structure and Content

1. Concept Areas to Focus On:

• Global trade and currency exchange.

• Market structures (monopoly, oligopoly, etc.).

• Supply and demand curves.

• Elasticity of demand and supply.

• Monetary policies and their effects.

• Foreign Direct Investment (FDI) and its implications.

• GDP vs. GNP.

• Impact of tariffs, quotas, and other trade policies.

2. Common Issues:

• Students often report difficulty with aligning Pre-Assessment (PA) content with the OA. Focus on understanding concepts rather than memorizing PA questions.

Step 2: Gather and Use Study Resources

• WGU Resources:

• Download and complete the Study Guide Questions (V3) available in Course Tips.

• Watch recorded cohort videos by Dr. Amy Michele and Dr. Wade Roberts.

• Pay close attention to topics marked in red or with stars in the slides.

• Recommended Videos:

• ACDC Economics (Jacob Clifford): YouTube Playlist

• CrashCourse Economics: Covers micro and macro concepts with engaging explanations.

• Khan Academy: Search for specific concepts you’re struggling with.

• Quizlets:

• WGU C211 Global Economics

• Pre-Assessment Quizlet

• Additional Study Flashcards

Quizlets

1. WGU C211 Global Economics

2. Pre-Assessment Quizlet

3. Additional Study Flashcards

4. Key Terms Flashcards

5. Economics for Managers Flashcards

6. C211 Quizlet Folder (Oz Ramos)

External Video Resources

1. ACDC Economics (Jacob Clifford):
   YouTube Playlist

2. CrashCourse Economics (Jacob Clifford):
   CrashCourse Playlist

3. Khan Academy Economics:
   Search for specific terms or concepts directly on Khan Academy YouTube.

Other External Study Resources

1. MRU (Marginal Revolution University):

• Microeconomics

• Macroeconomics

2. Reddit Posts and Study Tips:
   Posts linked in the original material:

• C211 Guide on Reddit

3. Completed Study Guides (Found in Reddit threads and MBA Facebook groups):
   Look for the V3 Study Guide.

Step 3: Develop a Study Plan

1. Take the Pre-Assessment (PA):

• Identify weak areas. The PA gives a roadmap to focus your studies.

2. Complete the Study Guide:

• Fill out each section using cohort recordings and textbook chapters.

• Focus on concepts like:

• Monetary policy (reserve ratios, interest rates, bonds).

• Market structures (perfect competition, monopolies, oligopolies).

• Currency exchange and its impact on firms and governments.

3. Learn Core Concepts:

• Graphs: Practice drawing and interpreting supply-demand graphs, cost curves, and elasticity shifts.

• Key Models:

• Porter’s Diamond Model.

• Contender, Defender, Dodger, Extender strategies.

4. Engage with Practice Tests:

• After the PA, take chapter quizzes or end-of-chapter problems from the textbook.

• Access Cengage materials and practice tests for additional reinforcement.

Step 4: Schedule the OA

• Use your PA scores and study notes to gauge readiness.

• If needed, review weak areas one last time, focusing on the conceptual relationships rather than rote memorization.

Additional Tips:

• Stay Organized: Use flashcards for key terms and definitions.

• Practice Interpreting Questions: Read each question thoroughly. Pay attention to specific terms like "demand," "elasticity," "profit maximization," and qualifiers like "NOT."

• Draw Graphs: Many students find that visualizing problems with graphs helps immensely in understanding word problems on the OA.

Encouragement and Reminder:

This course may seem daunting, but you have the tools and ability to succeed! Break down your study time, focus on key concepts, and use the resources available. Always reach out to your course mentor or instructors if you’re stuck.

Disclaimer: Course materials and requirements may change. Be sure to refer to the latest WGU course materials for updates.

Sources: Compiled and condensed insights from 43 pages of community tips into this study guide.