Banking & Monetary Policy in the Global

• MTWRF 9 a.m.-5 p.m.
• Instructor: Faculty
  h-index: 37 Info
• 3 points

Managerial Economics

• TR 10:50 a.m.-12:20 p.m.
• TR 2:20 p.m.-3:50 p.m.
• TR 9 a.m.-10:30 a.m.
• TR 4:10 p.m.-5:40 p.m.
• Instructor: Cristobal Otero Ruiz-Tagle
  Info
• 1.5 points

Global Economic Environment

• TR 10:50 a.m.-12:20 p.m.
• TR 2:20 p.m.-3:50 p.m.
• TR 9 a.m.-10:30 a.m.
• TR 4:10 p.m.-5:40 p.m.
• Instructor: Brett House
  Info
• 1.5 points

Economics of Strategic Behavio

This course examines the underlying economics of successful business strategy: the strategic imperatives of competitive markets, the sources and dynamics of competitive advantage, managing competitive interactions, and the organizational implementation of business strategy.The course combines case discussion and analysis (approximately two thirds) with lectures (one third). The emphasis is on the ability to apply a small number of principles effectively and creatively, not the mastery of detailed aspects of the theory. Grading is based on class participation and online case quizzes (35%), two case write-ups (20%) and a final group paper (45%). The course offers excellent background for all consultants, managers and corporate finance generalists.

• MTWRU 9 a.m.-5 p.m.
• Instructor: Wouter Dessein
  h-index: 16 Info
• 3 points

The Digital Economy: Regulatory Conflict

This course covers a subject that is crucial for management success in the future: how government policy and regulation affect the online-based industry and its users, and how the industry in turn can affect government action. The skills needed to navigate this interaction are critical for managers in the emerging digital economy, as well as to forward-looking policy making. This course takes an innovative approach, bringing together several strands of the MBA program, together with public policy and technology management, and applies them to the online media and information sector. It aims to give students the MBA tools to run or use digital and online businesses in an environment full of government initiatives and restrictions. The course is valuable for future entrepreneurs, investors, creators, marketers, advertisers, users, and public officials.

• R 2:20 p.m.-5:35 p.m.
• Instructor: Jason Buckweitz
  Info
• 3 points

Climate Policy

Climate change is the world’s most perfect public policy problem: it’s more global, more long-term, more uncertain, and more irreversible than most others. It stands alone in the combination of all four. That also turns it into the world’s most perfect global externality problem: the benefits of fossil-fuel use are internalized, the costs largely externalized. And while misguided market forces are the root cause of climate change, guiding them in the right direction is fundamental to the solution. In this course we explore the fast-changing global climate policy landscape shaping business. We explore the economic principles at work, analyze individual corporate and finance efforts to lead, dive into the regulatory environments around the world, and look to how the clean-energy race creates unique challenges and opportunities.

• M 9 a.m.-12:15 p.m.
• Instructor: Gernot Wagner
  Wikipedia Info
• 1.5 points

ECONOMICS OF STRATEGIC BEHAVIOR

This course examines the underlying economics of successful business strategy: the strategic imperatives of competitive markets, the sources and dynamics of competitive advantage, managing competitive interactions, and the organizational implementation of business strategy.
The course combines case discussion and analysis (approximately two thirds) with lectures (one third). The emphasis is on the ability to apply a small number of principles effectively and creatively, not the mastery of detailed aspects of the theory. The course offers excellent background for all consultants, managers and corporate finance generalists.

• R 9 a.m.-12:15 p.m.
• R 2:20 p.m.-5:35 p.m.
• W 9 a.m.-12:15 p.m.
• Instructor: Maria Doval
  Info
• 3 points

FUTURE-WORLD ECON AFT FINC CRIS

This course addresses the main global macroeconomic risks faced by businesses and governments in the present post-financial crisis era. Some of the questions that we examine include: What are the risks of future financial crises and what are the consequences of new financial regulation? Are the large government debts in the industrialized world going to be problematic over the longer term? What are the main risks with the path of current monetary policies in different nations? How are technological innovation and globalization structurally changing the labor market? And how should companies, government, and workers respond? How is the growth of emerging economies changing energy and other commodity markets and how is this impacting the environment? Is the US dollar declining in importance as the worlds reserve currency? The class will address these topics as a conversation through which the two faculty members will highlight the linkages between theory and practice. Since the course draws heavily from current events, it is critical for students to stay informed about current macroeconomic news, and active class participation throughout the term is very important and highly encouraged.

• TWRFS 9 a.m.-5 p.m.
• 3 points

Doing Business in Africa: the Next Front

Understand the art of deal-making and business development in Africa from a leading practitioner, with an emphasis on Sub Saharan Africa. This course will be relevant to students with an interest in the private, public, and nonprofit sectors in Africa, and emerging markets more broadly.
Students will gain a deep understanding of the dynamic business ecosystems across Africa and the macroeconomic policies shaping the continent’s future. We will dissect case studies of prominent deals, local success stories and failures, profiles in leadership, economic policy, and the experience of multinational firms in Africa. Students will gain applied practice in building a business in Africa, in investment analysis, learn how to originate and pitch a transaction to an important Africa-based client, and deliver arguments to a global multinational demonstrating why investing in Africa promises superior risk weighted returns.
What “prize” does Africa offer businesses and investors from its’ exploding population, and what is the consequence for the world if Africa fails to deliver resources to its’ people? What is the future for “engine room” countries such as South Africa, Nigeria, Egypt and Ethiopia? Which companies have “made it”, what are the “traps” for firms, and how can entrepreneurs structure businesses and deals to mitigate risk? How do we compare and contrast the impact of different economic policy models on private sector development in emerging markets? How are the USA and China fairing in their battle for Africa?
Students will learn the latest trends across industries in Africa, from consumer, energy, fintech and industrial processes and how technology is revolutionizing Africa, helping to leapfrog from traditional processes to efficient, fast moving and transformative processes. Develop a clear understanding of the forces driving the continent, and where the opportunities by country and industry lie. Learn the regulatory traps, and how they impact business development. And experience firsthand how negotiating the public–private interface, networking, and sensitivity to subtle language, cultural and historical references can make the difference between success and failure when doing business in Africa. As Africa enters the age of the African Continental Free Trade Agreement, prepare yourself for the world’s last largely untapped market.

• T 9 a.m.-12:15 p.m.
• Instructor: Colin Coleman
  Info
• 3 points

Doing Business in Africa: the Next Front

Understand the art of deal-making and business development in Africa from a leading practitioner, with an emphasis on Sub Saharan Africa. This course will be relevant to students with an interest in the private, public, and nonprofit sectors in Africa, and emerging markets more broadly.
Students will gain a deep understanding of the dynamic business ecosystems across Africa and the macroeconomic policies shaping the continent’s future. We will dissect case studies of prominent deals, local success stories and failures, profiles in leadership, economic policy, and the experience of multinational firms in Africa. Students will gain applied practice in building a business in Africa, in investment analysis, learn how to originate and pitch a transaction to an important Africa-based client, and deliver arguments to a global multinational demonstrating why investing in Africa promises superior risk weighted returns.
What “prize” does Africa offer businesses and investors from its’ exploding population, and what is the consequence for the world if Africa fails to deliver resources to its’ people? What is the future for “engine room” countries such as South Africa, Nigeria, Egypt and Ethiopia? Which companies have “made it”, what are the “traps” for firms, and how can entrepreneurs structure businesses and deals to mitigate risk? How do we compare and contrast the impact of different economic policy models on private sector development in emerging markets? How are the USA and China fairing in their battle for Africa?
Students will learn the latest trends across industries in Africa, from consumer, energy, fintech and industrial processes and how technology is revolutionizing Africa, helping to leapfrog from traditional processes to efficient, fast moving and transformative processes. Develop a clear understanding of the forces driving the continent, and where the opportunities by country and industry lie. Learn the regulatory traps, and how they impact business development. And experience firsthand how negotiating the public–private interface, networking, and sensitivity to subtle language, cultural and historical references can make the difference between success and failure when doing business in Africa. As Africa enters the age of the African Continental Free Trade Agreement, prepare yourself for the world’s last largely untapped market.

• T 9 a.m.-12:15 p.m.
• Instructor: Colin Coleman
  Info
• 3 points

Macroeconomic Policy

GLOBAL ECON ENV II

Macroeconomics is in the news every day. Anyone who pays attention to the news knows that the crash in the US housing market in 2008 caused dramatic perturbations to financial markets all around the world. This, in turn, triggered very strong responses by governments in the US (in particular the Federal Reserve and the Treasury), as well as in other countries. This meltdown in financial markets and the interventions from policymakers raise a number of key questions about the health and the future of the economy in the US and abroad, which we will address in the Global Economic Environment II course.This course is a sequel to the core course Global Economic Environment. Building on the fundamentals introduced in that course, we develop a conceptual framework to explain the complex interactions between macroeconomic policy, asset prices, and business cycle fluctuations. In particular, we examine macroeconomic forecasting, determinants, and implications of budget deficits, the conduct and implementation of monetary policy, and the determinants of inflation in the U.S. and other market economies around the world. Special attention is given to the interactions between macroeconomic forces and asset prices.Since an important goal of this course is for students to become informed and sophisticated consumers of economic news, the issues discussed in this course draw heavily from current events and real-world examples.

Note I: The core course GEE while recommended is not a pre-requisite for taking GEEII. Students who expect to exempt from the core course GEE are recommended to take GEEII instead.
 

• MW 2:20 p.m.-3:50 p.m.
• Instructor: Shang-Jin Wei
  Wikipedia h-index: 96 Info
• 1.5 points

Financial Markets and the Macroeconomy

GLOBAL ECON ENV III

The course is intended to help students understand the role that financial markets and monetary policy play in the global economic environment that they will have to face in the future. It also provides an understanding of the underlying institutions, both political and economic, that either make financial markets work well or that interfere with the efficient performance of these markets. The course develops a series of applications of principles from finance and economics that explore the connection between financial markets and the macro economy. In addition, given the instructor’s prior position as a governor of the Federal Reserve, the class also provides an inside view on how the most important players in financial markets, central banks, operate and how monetary policy is conducted. The course will have a strong international orientation by examining monetary policy and financial crises in many countries and possible reforms of the international financial system. We will also focus on current events reported in the financial press with an extensive and open-ended discussion of 20-30 30 minutes in every class in which we will use the analytic frameworks developed in class to help us to understand these developments.

• R 9 a.m.-12:15 p.m.
• Instructor: Dean Croushore
  Info
• 3 points

FinTech: Consumer Financial Services

Technological innovation has been transforming the financial services industry, and further disruption is almost a certainty. Financial Technology (“FinTech”) start-ups are tackling many realms of consumer financial services, including mobile payments, foreign exchange, marketplace (peer-to-peer) lending, saving and investing, financial advice (robo-advisers), and property-casualty, health and life insurance.
The goal of this course is to understand the economic and technological forces driving this change and to learn how to harness them in a responsible way. The curriculum is organized by product areas within consumer financial services, and for each area we’ll cover the underlying economics, the technology, the public policy issues, the competition, and the potential for collaboration between start-ups and the incumbents. Note that we will not cover in depth the topics of cryptocurrencies and blockchain - if these are your primary interests, there are other courses offered focusing specifically on these topics.
A key component of the course is a collaborative team student project: each team will propose and develop a prototype for a new fintech venture. At the end of the semester each team will present its project to the class, and a guest from an NYC venture capital firm will join us and provide feedback.

• W 2:20 p.m.-5:35 p.m.
• Instructor: Stephen Zeldes
  h-index: 23 Info
• 3 points

Modern Econometrics For Busine

Data analysis in economics, or "econometrics" as it is called by practitioners, has moved away from mathematical complexity and towards simpler tools that are accessible to businesses and can be applied easily to big data. This course will provide students with an understanding of three widely used techniques in modern econometrics: randomized control trials, regression discontinuity, and differences-in-differences. After learning how these tools provide superior analytic results than traditional regression techniques in making inferences about the real world, students will gain the practical knowledge to wield them successfully and make better decisions with data.

• R 9 a.m.-12:15 p.m.
• Instructor: Laura E Boudreau
  Info
• 3 points

Anti-Trust in the Modern Economy

Are Google search practices anticompetitive? Should Facebook be broken up? Does Amazon have too much market power? The course will present the economic rationale for competition policy and provide students with an understanding of the practice of competition law. Through the examination of prominent antitrust actions, we will review the economic theories underlying competition law and we will discuss how competition policy places limits on firm behavior and affects firm strategies and managerial choices. The course will start with an overview of the institutional framework of competition policy in the U.S. and in the E.U. and an economic analysis of welfare implications of market power. Then, it will address different types of actions that are the focus of competition policy enforcement: mergers, collusions, and unilateral conducts. These actions will be analyzed through the study of well-known antitrust actions in the U.S. and in the E.U. In particular, the course will focus on recent cases in the digital economy.

• W 2:20 p.m.-5:35 p.m.
• Instructor: Paola M Valenti
  Info
• 3 points

Modern Political Economy

The purpose of the course is to help students understand, predict, adapt to and shape the evolving world of political economy from the various vantages they will hold during their careers. Part One examines the foundations of modern political economy laid by the grand masters Smith, Marx, Keynes and Schumpeter. Part Two examines development in American political economy during the 20th century. Part Three examines whether events so far in the 21st century signal sea changes in American and international political economy.

• TWRFS 9 a.m.-5 p.m.
• 3 points

Game Theory and Business

In most business circumstances, managers and organizations take decisions that affect each other. We call such situations games." Game Theory provides a framework for analyzing and predicting behaviors and outcomes in situations of strategic interaction. The goal of this course is to provide students with the essential tools of game theory, and demonstrate their use by applying them to a variety business situations and cases."

• TR 4:10 p.m.-5:40 p.m.
• TR 6 p.m.-7:30 p.m.
• Instructor: Alessandro Citanna
  Info
• 1.5 points

The Media Industries: Public P

The course is designed to introduce law and business students to the unusual regulatory and business conditions and challenges in the media industries. A variety of topics are covered including intellectual property, the history and structure of the media industries, communications regulation, strategies of integration and consolidation and patterns of innovation in the media industry.

• M 2:20 p.m.-5:35 p.m.
• Instructor: Jonathan A Knee
  h-index: 5 Info
• 3 points

Mergers & Acquisitions in Medi

The course is an advanced Mergers & Acquisitions Seminar that focuses on current trends and recent developments in the media industry. The course will be divided into two parts. Each week during Part I will be devoted to the analysis of a different recent media transaction. The pedagogic framework is not structurally different from traditional M&A analysis. The overlay of mediaspecific commercial, strategic and regulatory issues will provide additional insight into a particularly dynamic segment of the economy. Each week will focus on a different transaction type (e.g., cash divesture, cash acquisition, stock merger etc.) different media industry sub-sector (e.g., cable, newspapers, broadcasting etc.) and different aspects of the analytical framework (e.g., financial analysis, corporate governance etc.) Part II will be devoted to group board presentations of hypothetical transactions. Groups must be formed and have their hypothetical transaction approved by the instructor by week 4 of the course. Course grades will be primarily based on the quality of written materials and presentations by the group. Each group member will receive the same grade on their project. 20% of the course grade will be on based on individual weekly homework assignments. Outside speakers/board members with first-hand knowledge of the industries and transactions considered will participate during both Part I and Part II of the course.

• T 2:20 p.m.-5:35 p.m.
• Instructor: Jonathan A Knee
  h-index: 5 Info
• 3 points

Psychology & Economics of Consumer Finan

Psyc & Econ Consumer Finc

We will use the tools of behavioral economics and psychology to better understand consumer financial decisions and the consumer finance industry. We will examine markets for borrowing (mortgages, credit cards, peer-to-peer lending, payday loans), saving (401(k)s, strategies to promote saving, optimal asset allocation), and insurance (including life, health, and longevity). We will emphasize both how people do and how people should make financial decisions, and the implications for financial services firms. The goal of the course is to not only understand consumer finance, but to emphasize how the lessons from psychology and economics can be used to improve business decisions, foster innovation, and enhance public policy.

• TWRFS 9 a.m.-5 p.m.
• 3 points

(PhD) Economic Theory III

• MW 2:20 p.m.-3:50 p.m.
• Instructor: Paolo Siconolfi
  h-index: 16 Info
• 1.5 points

(PhD) Economic Theory IV

• MW 2:20 p.m.-3:50 p.m.
• Instructor: Paolo Siconolfi
  h-index: 16 Info
• 1.5 points