Prerequisites: BLOCKED CLASS. EVERYONE MUST JOIN WAITLIST TO BE ADMITTED Broad survey of psychological science including: sensation and perception; learning, memory, intelligence, language, and cognition; emotions and motivation; development, personality, health and illness, and social behavior. Discusses relations between the brain, behavior, and experience. Emphasizes science as a process of discovering both new ideas and new empirical results. PSYC UN1001 serves as a prerequisite for further psychology courses and should be completed by the sophomore year.
This course is an interdisciplinary exploration of the values and cultural expressions of the people of the United States since the late nineteenth century. We will examine a variety of works in literature, history, cultural and social criticism, music, the visual arts and the built environment with an eye to understanding how Americans of different backgrounds, living at different times and in different locations, have understood and argued about the meaning and significance of American national identity. Our goal is to make connections between different genres of expression and consider how different cultural forms have served as opportunities to ponder the meaning of modern life in the United States. Lectures and readings will give particular attention to the sites—real and imagined--where Americans have identified the promise and perils of American life. Discussion section required: AMST UN1011
Emergence of revolutionary and counter-revolutionary mass political movements; European industrialization, nationalism, and imperialism; 20th-century world wars, the Great Depression, and Fascism.
This course covers the second half of William Shakespeare’s career, attending to the major dramatic genres in which he wrote. It will combine careful attention to the plays’ poetic richness with a focus on their theatrical inventiveness, using filmed productions of many of the plays to explore their staging possibilities. At the same time, we will use the plays as thematic springboards to explore the cultural forces – pertaining to, among others things, politics, class, religion, gender, and race – that shaped the moment in which Shakespeare lived and worked.
Corequisites: MATH UN1101 Preparation equivalent to one year of high school chemistry is assumed. Students lacking such preparation should plan independent study of chemistry over the summer or take CHEM UN0001 before taking CHEM UN1403. Topics include stoichiometry, states of matter, nuclear properties, electronic structures of atoms, periodic properties, chemical bonding, molecular geometry, introduction to quantum mechanics and atomic theory, introduction to organic and biological chemistry, solid state and materials science, polymer science and macromolecular structures and coordination chemistry. Although CHEM UN1403 and CHEM UN1404 are separate courses, students are expected to take both terms sequentially. The order of presentation of topics may differ from the order presented here, and from year to year. Students must ensure they register for the recitation that corresponds to the lecture section.
When registering, please add your name to the wait list for the recitation corresponding to the lecture section (1405 for lecture sec 001; 1407 for lecture sec 002; 1409 for lecture sec 003; 1411 for lecture sec 004). Information about recitation registration will be sent out before classes begin. DO NOT EMAIL THE INSTRUCTOR. Please check the Directory of Classes for details.
Prerequisites: CHEM UN1403 Although CHEM UN1403 and CHEM UN 1404 are separate courses, students are expected to take both terms sequentially. Topics include gases, kinetic theory of gases, states of matter: liquids and solids, chemical equilibria, applications of equilibria, acids and bases, chemical thermodynamics, energy, enthalpy, entropy, free energy, periodic properties, chemical kinetics, and electrochemistry. The order of presentation of topics may differ from the order presented here, and from year to year. Students must ensure they register for the recitation that corresponds to the lecture section. Please check the Directory of Classes for details.
This course is designed to introduce students to the study of premodern history, with a substantive focus on the variety of cultures flourishing across the globe 1000 years ago. Methodologically, the course will emphasize the variety of primary sources historians use to reconstruct those cultures, the various approaches taken by the discipline of history (and neighboring disciplines) in analyzing those sources, and the particular challenges and pleasures of studying a generally “source poor” period. The course queries the concepts of “global history” and “world history” as applied to the “middle millennium” (corresponding to Europe’s “medieval history”), by exploring approaches that privilege connection, comparison, combination, correlation, or coverage.
Prerequisites: Students who register for ENGL UN2000 must also register for one of the sections of ENGL UN2001. This course is intended to introduce students to the advanced study of literature, through a weekly pairing of a faculty lecture (ENGL 2000) and small seminar led by an advanced doctoral candidate (ENGL 2001). Students in the course will read works from across literary history, learning the different interpretive techniques appropriate to each of the major genres (poetry, drama, and prose fiction). Students will also encounter the wide variety of critical approaches taken by our faculty and by the discipline at large, and will be encouraged to adapt and combine these approaches as they develop as thinkers, readers, and writers. ENGL 2000/2001 is a requirement for both the English Major and English Minor. While it is not a general prerequisite for other lectures and seminars, it should be taken as early as possible in a student's academic program.
This lecture course explores England’s sense of itself in relation to the rest of the world in the late sixteenth and seventeenth centuries. It will examine the hopes and fears provoked by the trade and traffic between the English and other peoples, both inside and outside the country’s borders, and raise questions of economics, race, ethnicity, religion, nationality, immigration, and slavery. The central materials are familiar and unfamiliar English plays, by William Shakespeare, Christopher Marlowe, Philip Massinger, John Fletcher, and others, which we will study alongside economic treatises, acts and proclamations, and travel narratives.
(Lecture). This course examines the works of the major English poets of the period 1830-1900. We will pay special attention to Alfred Tennyson and Robert Browning, and their great poetic innovation, the dramatic monologue. We will also be concentrating on poems by Elizabeth Barrett Browning, Gerard Manley Hopkins, Christina Rossetti, Matthew Arnold, A. E. Housman, and Thomas Hardy.
This course offers a survey of the political history of contemporary Africa, from independence to the present day, with a focus on the states and societies south of the Sahara. We will use the tools of historians to study African political life: who held political power; how they wielded it and to what ends; and what kinds of opposition they faced. An important sub-theme involves American policy and actions, including those of civil society organizations, vis-à-vis African nation-states.
This class tracks Egypt’s entanglement in the Greco-Roman world from the country’s initial welcoming of Greek merchants and mercenaries to the point at which Justinian shuttered its last remaining temple. In examining archaeological, textual, and artistic evidence, we’ll pay close attention to the flashpoints that divided society along ethnic lines (
viz
. Egyptian, Nubian, Levantine, Greek, and Roman inhabitants) and according to religious belief (among polytheists of Egyptian and Greek heritage, Jewish Egyptians, and Christians) as well as to syncretism, mixed marriages, and other integrative aspects of society.
Prerequisites: CHEM UN1404 or CHEM UN1604, CHEM UN1500 and CHEMUN2443. The principles of organic chemistry. The structure and reactivity of organic molecules are examined from the standpoint of modern theories of chemistry. Topics include stereochemistry, reactions of organic molecules, mechanisms of organic reactions, syntheses and degradations of organic molecules, and spectroscopic techniques of structure determination. Although CHEM UN2443 and CHEM UN2444 are separate courses, students are expected to take both terms sequentially. Students must ensure they register for the recitation which corresponds to the lecture section. Please check the Directory of Classes for details.
This course examines major themes in U.S. intellectual history since the Civil War. Among other topics, we will examine the public role of intellectuals; the modern liberal-progressive tradition and its radical and conservative critics; the uneasy status of religion ina secular culture; cultural radicalism and feminism; critiques of corporate capitalism and consumer culture; the response of intellectuals to hot and cold wars, the Great Depression, and the upheavals of the 1960s. Fields(s): US
This course explores the relationship between women, music, and performance from a thematic and a cross-cultural perspective. Through the analysis of different case studies, we will investigate different topics from the perspective of ethnomusicology, cultural anthropology, and performance studies. A number of critical questions we will consider include: how does a particular gender ideology constructs and is constructed by musical aesthetics? What are some of the critical roles for women in performance? What is the significance of gender in performances? What does it mean for women to have have and to be the voice? And how is a musical performance bound up with emotions?
This course will survey a century of Mexican history that oscillated between an authoritarian regime (Porfirio Díaz’s presidency, 1876-1911), a massive revolutionary upheaval (1911-1920), the construction of a single-party, corporatist regime that became a model of stability and economic success (that of the Partido Revolucionario Institucional), and a complex transition to democracy (culminated in the July 2000 presidential elections but, one might argue, still ongoing).
Politics will be defined in broad terms. Lectures and readings will consider social and cultural processes from diverse perspectives. Topics will include: migration and population growth; economic expansion and stagnation; urban history, crime and punishment; gender, women and families; elite and popular culture; labor, agrarian reform; the left, electoral and armed insurgency; relations with the United States and other countries of Latin America. Local and regional perspectives will be offered as an alternative against prevailing state-centered, national narratives. Combining thematic and chronological lectures and discussion of primary sources, the course will examine the most exciting recent literature on Mexican society, culture, and politics.
Discussion of primary sources will be an important component of this course. Classes will combine lecture and discussion of historical contents with discussion of primary documents. These documents will include texts (political manifestos, essays, letters, testimonies, legislation, literature) as well as movies, music and visual records (mostly photography and painting). Discussions sections will also use those documents to expand on topics presented in the lectures and the required readings.
“The Ottoman Empire and the West” is a course designed to familiarize undergraduate students with the major developments concerning the Ottoman Empire’s relations with the West throughout the ‘long’ nineteenth century, roughly from the end of the eighteenth century to the outbreak of World War I. The course will adopt a predominantly chronological structure but will address a wide range of themes, from politics and ideology to economics and diplomacy, and from religion and culture to gender and orientalism.
This course will examine the origins and evolutions of horror literature from ancient Babylon to the Early Modern period. We will be examining consistent tropes that span long periods of time, as well as local innovations and idiosyncracies that are particular to a given culture at a given moment. We will be asking what makes for horror—that is, how does horror literature work, and what is it trying to do—as well as why horror is such an enduring modality.
Prerequisites: PHYS UN2801 This accelerated two-semester sequence covers the subject matter of PHYS UN1601, PHYS UN1602 and PHYS UN2601, and is intended for those students who have an exceptionally strong background in both physics and mathematics. The course is preparatory for advanced work in physics and related fields. There is no accompanying laboratory; however, students are encouraged to take the intermediate laboratory, PHYS UN3081, in the following year.
Prerequisites: one year of calculus-based general physics. Galaxies fill the universe with structure. They are bound objects that harbor stars, gas, dust and dark matter. This course will discuss the content and structure of galaxies. It will start with the Milky Way, a rotating spiral galaxy, with a particular emphasis on the properties of the interstellar medium. Dwarf galaxies, the building blocks of larger galaxies, will subsequently be discussed, followed by spiral, elliptical and irregular galaxies. The formation and evolution of these different galaxy types will be an important focus of the course, as well as the environment in which the galaxies reside. We will intersperse reviews of current papers on galaxies throughout the semester.
This course will explore the piano repertoire of the twentieth and twenty-first centuries, with a focus on performance. The course consists of four modules: European piano music prior to WWII, the American pioneers, multiplicity of directions and cultural identities in piano music 1945-present (prepared piano, indeterminacy, integrated serialism, minimalism), and the piano music of Columbia University composers (including electronic music at the Computer Music Center, spectral piano, Center for United States-China Arts Exchange, microtonal music). We will explore the constantly evolving
musical notation and performance practices. Through lectures, discussions, reading, listening, analysis, and performance projects, students will gain an understanding of the aesthetic of a wide array of keyboard literature, notation, and performance techniques.
Many modern theories of grammar are almost entirely based on English, having been developed mainly to describe the structure of English and, to a much lesser extent, other familiar languages of Europe. But the languages of the world are highly diverse, many of them, in contrast to English, with highly complex word and inflectional structures and relatively simple phrasal structures. Theories of grammar built on English serve such languages poorly. This course seeks to address this imbalance by focusing on languages with complex morphological and morphosyntactic structures. Because the grammars of such languages are built around word structures, we will be exploring current lexicalist theories of grammar such as Lexical Functional Grammar and Construction Grammar to develop formal explicit analyses of these languages. One learns morphological and morphosyntactic analysis by doing it across languages of various types, so we will regularly be working through problems to analyze in class.
Some of the most exciting theoretical moving image work in recent years has centered on the problem of the acoustic sign in cinema and especially around the relation between image track and sound “track.” This course rethinks the history and theory of cinema from the point of view of sound: effects, dialogue, music. From cinematic sound recording and play-back technologies through Dolby sound enhancement and contemporary digital audio experiments. Revisiting basic theoretical concepts from the pov of sound: realism (sound perspective, dubbing), anti-realism (contrapuntal and dissonant effects), genre (the leitmotiv), perception (the synaesthetic effect). The silent to sound divide considered relative to the *19th* century Romanticism of the classical Hollywood score associated with the Viennese-trained Max Steiner to the scores of John Williams.
In this course, the concept of religion stands at the heart of our exploration, as it shaped and was shaped by the medieval world. We will critically engage with definitions and interpretations of religion, both as a subject of scholarly debate in the study of religions and as a pivotal force in medieval history. The course will examine how Christianity, Judaism, and Islam were not only systems of belief but also comprehensive frameworks that structured medieval society, politics, and intellectual life. Through an analysis of religious texts, practices, and institutions, we will explore how religion was lived and understood in the Middle Ages, while also addressing broader theoretical debates in the history of religion. This approach invites us to reflect on the historical construction of "religion" as a category and its relevance in shaping our understanding of the medieval world.
Environmental historical research began to intensify in the 1960s to interpret human history through the lens of historical and ecological processes. This framework of interpretation gained impetus with the growing concerns of environmental degradation, pollution, and man-induced climate change. The course is intended to demonstrate the intricate relationship and the intertwined nature of societies with their environments using case studies and examples from Central Europe. Firstly, there will be a review of how environmental history thinks of processes in the disciplines and sub-disciplines that have developed and what approaches exist in the field to human-nature relations. Then sources the discipline utilizes will be overviewed. Classes then look at the formation of water management systems, forest utilization the exploitation of soil and mineral goods, and the impact of the different political, economic, and social changes on the landscapes from the period of state formations in the region (ca. tenth – eleventh centuries) to the change of regimes at the turning of the 1980s and the 1990s. While the main focus will be on the long-term changes, case studies look at short-term environmental processes – floods, droughts, sea surges, tornadoes, epidemic diseases – to introduce concepts of resilience and vulnerability.
Looking at Central and Eastern Europe through the systematic application of transnational methods and from a truly global perspective can offer original and valuable insights. Central and Eastern Europe has tended to be a semi-peripheral area in the global scheme of things, and it has thus been much closer to the global average than some of the parts of the world on which much of recent global historiography has focused. Central and Eastern European countries have also developed numerous and still underexplored intercontinental connections outside the Western core that should be of special interest in our age of multipolarity. At the same time, it can be assumed that this diverse area, as a peripheral part of Europe in a formerly largely Eurocentric world. The global history of the region is not intended to exaggerate the role Central and Eastern Europe played in transcontinental processes in the last millennia. It rather aims to show how the diverse people of the region have come to be interconnected with and shaped by phenomena originating in all the various parts of the globe, transnational and global trends that certainly have exerted a much greater impact on their country’s multifaceted history than the other way round.
The course does not intend to deconstruct national narratives as such. It attempts to substantially enrich such narratives and reconceptualize them for an age of manifold global interconnectedness. To put it differently, the words “East Central European” and “global” are equally significant parts of the course’s title. It aims to re-contextualize medieval and early modern histories of Hungary, Bohemia, and Poland by looking at global processes in their regional context rather than looking at the region as an exceptional and distinct area. While the region has traditionally been described in scholarship as the periphery of Western Christianity, there has been little understanding of the region as an area with close ties towards the Eastern Mediterranean (Byzantium), towards Eastern Europe (towards the Ruses) and how global processes such as climate change, trade connections, political representation or artistic changes reached (and spread from) the region.
This seminar is the third in a series on the history of modern conceptions of the self. Other figures in the series include Montaigne, Pascal, and Tocqueville.
This seminar focuses on Rousseau, and in particular
Emile
, his treatise on education and psychology. We will pay particular attention to how he draws from both Montaigne and Pascal to develop a third conception of the self and its development. We also examine
Reveries of a Solitary Walker
to see how Rousseau’s general theory of the self relates to his understanding of himself at the end of his life.
This seminar is devoted to examining the work of writers who address the nature and course of history in their imaginative and non-fiction work. This semester we will be exploring the work of Thomas Mann in the context of the First and Second World Wars. This will include his relation to the German “conservative revolution,” the Weimar political experience, and the United States, where he spent several years in exile. We will pay particular attention to his conceptions of modern history as expressed in his novels.
Prerequisites: college-level geology helpful but not required. Introduces the physical, chemical and biological processes that govern how and where ocean sediments accumulate. Major topics addressed are: modes of biogenic, terrigenous and authigenic sedimentation, depositional environments, pore fluids and sediment geochemistry, diagenesis, as well as biostratigraphy and sediment stratigraphic principles and methods. Second half of the semester focuses on major events in Cenozoic paleoceanogrpahy and paleoclimatology including orbital control of climate, long-term carbon cycle, extreme climate regimes, causes of ice ages in Earths history, human evolution, El Niño evolution, and long-term sea level history.
Students will be introduced to the fundamental financial issues of the modern corporation. By the end of this course, students will understand the basic concepts of financial planning, managing growth; debt and equity sources of financing and valuation; capital budgeting methods; and risk analysis, cost of capital, and the process of securities issuance.
This elective is available to and highly recommended for students without a strong finance background. It introduces students to the fundamental financial issues of the modern corporation. By the end of this course, students will understand the basic concepts of financial planning, growth management, debt financing, equity valuation, and capital budgeting. (This course is not automatically available for all students; students must contact their Advisor to determine eligibility to register.)
Prerequisites: BUSI PS5001 Introduction to Finance/or Professor Approval is required Students will learn the critical corporate finance concepts including financial statement analysis; performance metrics; valuation of stocks and bonds; project and firm valuation; cost of capital; capital investment strategies and sources of capital, and firm growth strategies. At the end of this course students will understand how to apply these concepts to current business problems.
Students will examine the generally accepted account principles (GAAP) underlying financial statements and their implementation in practice. The perspective and main focus of the course is from the users of the information contained in the statements, including investors, financial analysts, creditors and, management. By the end of this class students will be able to construct a cash flow statement, balance sheet and decipher a 10K report.
Students will gain an overview of major concepts of management and organization theory, concentrating on understanding human behavior in organizational contexts, with heavy emphasis on the application of concepts to solve managerial problems. By the end of this course students will have developed the skills to motivate employees, establish professional interpersonal relationships, take a leadership role, and conduct performance appraisal.
In this course, students will gain an overview of major concepts of management and organization theory, concentrating on understanding human behavior in organizational contexts, with a heavy emphasis on the application of concepts to solve managerial problems. Students will work in a combination of conceptual and experiential activities, including case studies, discussions, lectures, simulations, videos, and small group exercises.
By the end of this course students will:
Develop the skills to motivate employees
Establish professional interpersonal relationships
Take a leadership role
Conduct performance appraisals
Students will learn fundamental marketing concepts and their application. By the end of this class you will know: the elements of a market, company strategy, how to identify customers and competition, the fundamental elements of the marketing mix (product, price, placement and promotion) how to research consumer behavior, and pricing strategies. Students will have extensive use of case study projects. Please note that there are separate online and in-person versions of the course, and the modalities offered may vary by semester. Be sure to check the modalities of the sections offered and enroll in the correct modality for your situation.
Prerequisites: BUSI PS5020 Introduction to Marketing/or Professor Approval is required Students will develop analytical skills used to formulate and implement marketing driven strategies for an organization. Students will develop a deeper understanding of marketing strategies and how to implement tactics to achieve desired goals. Students will work on case study projects in both individual and a team based projects. By the end of this course you will be able to develop a marketing strategy based market assessments and company needs.
This course is designed for students interested in entrepreneurship and becoming CEO/Founders or leaders in industry as innovators and operators. The class is appropriate for those with a strong interest in new ventures or innovation at the corporate level, or for those who want to develop an entrepreneurial mindset even if you have no plans to start a business. This includes potential entrepreneurs, those interested in the financing of new ventures, working in new ventures, or a portfolio company, or in broader general management of entrepreneurial firms. Entrepreneurial topics include: the entrepreneurial journey, founders & co-founders, the art of the pitch, shaping opportunities, traditional business models, business models for the greater good, the lean startup method and the hypothesis-driven approach, technology strategy, product testing, marketing strategy, entrepreneurial marketing, venture financing and emerging developments. Academic readings, analysis of case studies, class discussions, independent exercises, reading assessments, team work, guest speakers, investor panels, weekly deliverable options and a final investor pitch are the main modalities used to help you learn and assist you on your entrepreneurial path. There are no prerequisites for this course.
Prerequisites: BUSI PS5001 Intro to Finance and BUSI PS5003 Corporate Finance or Professor Approval required. If you have not taken PS5001 or PS5003 at Columbia University, please contact the course instructor for approval. Students will learn about the valuation of publicly traded equity securities. By the end of the semester students will be able to perform fundamental analysis (bottoms-up, firm-level, business and financial analysis), prepare pro forma financial statements, estimate free cash flows and apply valuation models.
The topic of health care continues to capture the attention of the nation in ongoing debates fueled by rising costs, overutilization and the implementation of much needed reforms (Affordable Care Act). As the healthcare industry continues to rapidly evolve, it provides immense opportunities for learning and applying concepts, theories and research related to negotiation and conflict resolution in procurement of medical devices and difficult conversations such as advanced directives to name a few. This course is applicable not only to students pursuing careers in health care, but is also designed for students who are interested in applying negotiation skills that they have learned in an environment that can be emotionally charged and conceptually complex.
Throughout this course students will be given the opportunity to apply the skills they have learned from previous classes as well as solidify key concepts including but not limited to negotiation preparation, quantitative/qualitative analysis, influence, social cognition, asymmetrical information, and conflict resolution in a healthcare context. This course is designed to challenge each student to harness their critical thinking skills, uncover nuances and recognize the complexities associated with multiparty negotiations in healthcare. This course aims to enable students to develop and implement strategic processes that help bring parties together and promote new perspectives that will bridge the gap between the classroom and real-life scenarios.
During the course, students will gain insight into the history of the US healthcare system as well as the changing dynamics associated with the Health Care Reform, and end of life discussions. This course will emphasize the role of negotiations from multiple perspectives and will utilize an expert panel videos of such subject matter experts as hospital administrators/executives, physicians and medical device manufacturers in order to provide historical case studies as well as review real-life negotiations. Students will actively engage in negotiation planning and role plays, read case studies and other materials about negotiation and the healthcare field, as well as, use industry software to help them prepare for negotiations.
Complexity of Conflict and Change Management (NECR K5095) is an elective course in the Negotiation and Conflict Resolution (NECR) Program. The course explores how change can create conflict and also how conflict requires change. Conflict is generally about differences in how people think, know, prefer, believe, and understand. By entering into a conflict resolution process, people can shift their understanding and beliefs about the conflict, the other party or parties, and possible outcomes. The course reviews literature and case studies of how people are impacted at a fundamental level when change occurs. Understanding this elemental human experience can lead to greater self-awareness and the ability to manage change professionally and personally, in order to become effective change agents, negotiators, mediators, and peacemakers. We will also explore how leaders at all levels in organizations can play an important role in implementing change in an organizational context. Thoughtful and strategic approaches that consider the impact of a change management process can mitigate and even prevent conflict. We will review change management models and links to developments in neuroscience and how humans are biologically wired to resist change. Balancing theory and practice, this course will focus on the experience and expertise of the students. They will learn to apply practical conflict resolution approaches to change efforts at the individual and organizational levels as well as consider national and international applications.
Foundational ERM course. Addresses all major ERM activities: risk framework; risk governance; risk identification; risk quantification; risk decision making; and risk messaging. Introduces an advanced yet practical ERM approach based on the integration of ERM and value-based management that supports integration of ERM into decision making. Provides a context to understand the differences between (a) value-based ERM; (b) traditional ERM; and (c) traditional "silo" risk management.
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This course is designed to provide students with introductory knowledge and basic skills they will need to understand and apply as they progress through the program. Students receive an overview of key topics that will be covered in greater detail through core courses and electives during subsequent terms. Each class session provides a primer on a specific area of vital importance, including construction techniques, legal issues, contracts, blueprint reading, scheduling, sustainability, claims and more. Upon completion students will be familiar with basic concepts, terminology and procedures associated with the industry, and well prepared to study these subjects in greater depth.
This course will familiarize each student with the knowledge that is required to effectively utilize the contract as a tool to manage a construction project. Through a series of lectures, different topics as they relate to contract management and administration will be discussed each week. The focus of the course will be understanding key contract terms and how to apply them when managing an active construction project. Additionally, the course will focus on understanding how to manage claims and disputes, concentrating on claims related to schedule delay and productivity losses.
This course covers the basic elements of crisis communication and the procedures for creating crisis communications plans and for reacting to crises when they occur. How best to develop various plans for different critical audiences and understand the most effective strategies for communicating your organization’s message during a crisis is explored. The course examines various types of crises that can occur with corporations and nonprofit organizations and the differences and similarities among them. How to avoid the classic and common pitfalls of crisis communication are addressed, as are ethical issues that arise during crises. Numerous case studies are discussed in class and exercises both in and outside of class are assigned so students gain experience in crisis communication situations.
This course provides an overview of the traditional ERM frameworks used to identify, assess, manage, and disclose key organizational risks. The traditional ERM frameworks are those that are more commonly in use and include COSO ERM, ISO 31000, and the Basel Accords. This course also provides an understanding of the methods, tools, techniques, and terminology most organizations use to manage their key risks, presented in the context of the foundational elements of an ERM process. This will enable students to navigate the ERM landscape within most organizations, and, along with the second-semester course Value-Based ERM, evaluate opportunities to enhance the existing ERM practices and evolve their ERM programs over time.
Provides a global review of ERM requirements of regulators, rating agencies, and shareholders. Addresses three industry sectors: (1) insurance; (2) banking; and (3) corporate.
Workshop-like course that addresses a variety of communication skills, including listening skills, presentation skills, leadership communications, conflict resolution, management interactions, and professional communication techniques.
How do organizational leaders invest in digital technologies and capabilities to catalyze digital transformation? Moreover, how do corporations and institutions create an effective portfolio of digital investments that are aligned — continuously over time — with the organization’s mission and strategy? This course provides an introduction to digital transformation, and the modern (digital) “place” of work, such as intranets, search appliances, analytic dashboards, enterprise social media, mixed reality, and content management. Feeding the digital workplace are “sources of record,” including Enterprise Resource Planning (ERP), HR systems, Customer Relationship Management (CRM), IoT sensors, and digital marketing. Finally, we look at likely future scenarios for work and how organizations can prepare for digital transformation and beyond.
OVERVIEW: Business analytics (BA), in essence, is the discipline of using data analysis - ranging from simple descriptive statistics to advanced, AI-based predictions - to illuminate all quantitative aspects relevant to a specific organization, from its own performance, to the behavior of its customers, and challenges from competitors. This course covers the entire value chain of a BA process, including formulating the question, collecting and managing the relevant data, analyzing said data to answer the question, and finally effectively communicating the results (e.g., data visualization) to stakeholders. While the course teaches some hands-on data analysis/statistics (e.g., database structures, conditional averages, correlations, confidence intervals), the emphasis of the course is on educating users and managers of BA, and as such includes stakeholder engagement and implementation planning.
CONTENT: Following an introduction to the history of BA, weekly lectures and associated assignments (some spreadsheet-based, others in essay format) teach all above elements of the BA value chain one by one. Accompanying readings cover academic foundations and practitioner commentary, from Alan Turing's work (1912-1952) to latest advances in quantum computing. A short individual presentation and a group white paper allow students to combine and hone the various acquired skills in an end-end application. As an overarching objective, upon successful completion of the course, students will be able to devise and "pitch" an innovate BA process to an organization, including strategic recommendations on its business value and implementation.
LOGISTICS: Required course for IKNS students, open to all Columbia University graduate students; no prerequisites other than beginner's familiarity with spreadsheet software and simple statistics (e.g., average, error margin). Online course meets once a week (live via zoom) for the duration of the semester.
Review of the types of strategic risks, such as a flawed strategy, inability to execute the strategy, competitor risk, supply chain risk, governance risk, regulatory risk, M&A risk, international risk, etc. Includes case studies, research, and common mitigation techniques, such as strategic planning practices, management techniques, governance practices, supply-chain management, etc.
Review of the types of operational risks, such as technology risk (e.g., cyber-security), human resources risk, disasters, etc. Includes case studies, risk analysis frameworks and metrics, and common mitigation techniques, such as insurance, IT mitigation, business continuing planning, etc.
Students without a strong math background will require significant additional time and effort to achieve the learning objectives and work through the course assignments. This course builds a foundation in the mathematics and statistics of risk management. Students are empowered to understand the output of quantitative analysts and to do their own analytics. Concepts are presented in Excel and students will have the opportunity to practice those concepts in Excel, R or Python. This course is a required prerequisite for registering for the following courses: Financial Risk Management, Insurance Risk Management, ERM Modeling.
Equips students with the ability to adopt the programming culture typically present in the ERM/risk areas of most financial organizations. By studying Python, SQL, R, git, and AWS, students gain exposure to different syntaxes. Students apply these skills by coding up market risk and credit risk models. Students also gain familiarity with working in the cloud.
A survey of market, credit, liquidity, and systemic risk. Includes case studies, risk quantification methods, and common mitigation techniques using portfolio management, hedging, and derivatives. Also addresses traditional risk management practices at banking institutions.
Review of types of insurance risk, such as pricing risk, underwriting risk, reserving risk, etc. Includes case studies, risk quantification methods (e.g., market-consistent economic capital models, dynamic financial analysis (DFA) models, catastrophe models, etc.), and common mitigation techniques, such as asset-liability management (ALM), reinsurance, etc. Also addresses traditional risk management at insurance companies and ERM actuarial standards of practice (ASOPs).
Credit Risk Management requires business acumen, the monitoring of internal and external data, disciplined execution, and organizational intelligence. A solid understanding of this enables a credit risk manager to help organizations achieve their objectives. Through readings, case studies, and modeling projects, students learn how risk managers decide on credit risk management strategy applied throughout the client lifecycle.
This course provides the tools to measure and manage market risk in the context of large financial institutions. The volume and complexity of the data itself, at large institutions, makes it a challenge to generate actionable information. We will take on this challenge to master the path from data to decisions.
We cover the essential inputs to the engines of financial risk management: VaR, Expected Exposure, Potential Exposure, Expected Shortfall, backtesting, and stress testing as they apply to asset management and trading. We explore the strengths and weaknesses of these different metrics and the tradeoffs between them. We also cover how regulatory frameworks impact both the details and the strategy of building these engines. Lastly, we cover counterparty-credit methodologies, mainly as they apply to Trading Book risk.
The field of credit risk management is undergoing a quiet revolution as subjective and manually-intensive methods give way to digitization, algorithmic management, and decision-making. This course provides a practical overview and hands-on experience with different methods, and it also provides a view of future technologies and discussions of potential future directions. Participants in this course should be well-positioned to take entry-level analytic positions and help drive strategic decisions.
The first half of the course explores analytics used today for credit risk management. You will learn to create rating and scoring models and a macro scenario-based stress testing model. In the second half of the course, we explore more advanced tools used by the more prominent organizations and fintech firms, including neural net and XGBoost decision tree models.
Examination of areas critical to an organization’s success from strategic, operational, financial, and insurance perspectives, and examines why many companies fail in spite of the vast knowledge of factors driving success. Several case studies examined in depth.
This course examines post-financial crisis regulations including Basel III, Fundamental Review of the Trading Book (FRTB), Dodd-Frank Act, Supervision and Regulation Letter 11-7 (SR 11-7), and others. Case studies will explore the technical details of these new rules; and guest lectures from industry experts will bring the material to life. Areas of focus include: model risk management, stress testing, derivatives, and insurance. By the end of this course students will be able to:
Evaluate the purpose and limitations of risk regulations in finance.
Identify and communicate weaknesses in a financial firm.
Communicate with regulators.
Understand Recovery and Resolution Plans or “Living Wills” for a financial firm.
ESG will be a driving force in risk management in upcoming years. ERM / Risk professionals need a solid understanding of emerging ESG trends and regulations and how they apply to day-to-day job responsibilities. The ESG and ERM course begins with an overview of the ESG landscape and framework. After a foundational understanding is established, the course focuses on incorporating ESG into enterprise risk management, including identification, quantification, decision making, and reporting of ESG-related risks.
Tools for Risk Management examines how risk technology platforms assess risks. These platforms gather, store, and analyze data; and transform that data to actionable information. This course explores how the platforms are implemented, customized, and evaluated. Topics include business requirements specification, data modeling, risk analytics and reporting, systems integration, regulatory issues, visualization, and change processes. Hands-on exercises using selected vendor tools will give students the opportunity to see what these tools can offer.
Equips students with the basics of risk measurement and simulation using a hands-on approach to ERM modeling. Using industry-standard simulation software, students build systems of risk drivers for finance and insurance companies. Topics include risk correlations, VaR and TVaR, capital modeling, capital allocation, and parameter, process, and model Risk. Students acquire both quantitative experience building models and qualitative appreciation for model weaknesses.
A study of financial, economic, and engineering disasters from a common systems engineering perspective, to better understand and model risk in complex process systems. Course topics will introduce process systems engineering concepts and tools such as digraphs, fault trees, probabilistic risk assessment, HAZOP, FMEA, etc., for modeling enterprise-wide risk. We will develop risk models and analyze them for real-life inspired examples and case studies. Several disaster case studies will also be discussed.
Students will learn how to better identify and manage a wide range of IT risks as well as better inform IT investment decisions that support the business strategy. Students will develop an instinct for where to look for technological risks, and how IT risks may be contributing factors toward key business risks. This course includes a review of IT risks, including those related to governance, general controls, compliance, cybersecurity, data privacy, and project management. Students will learn how to use a risk-based approach to identify and mitigate cybersecurity and privacy related risks and vulnerabilities. No prior experience or technical skills required to successfully complete this course.
As organizations increasingly rely on external vendors and service providers, managing third-party risks becomes paramount to ensure operational resilience, regulatory compliance, and strategic success. Challenges include:
The evolving nature of technology risks.
The impact of geopolitical tensions.
The lessons learned from disruptive events like pandemics.
By offering a comprehensive curriculum covering everything from the basics of vendor management to advanced predictive TPRM models and emphasizing regulatory requirements specific to the financial services sector, the course equips professionals with the knowledge and tools needed to navigate the intricate web of third-party relationships.
Students taking this course are prohibited from taking Supply Chain Risk Management for Non-Financials (ERMC PS5585) at any time. Contact your advisor for more information.
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This course will equip students with skills and strategies on how to plan, design, develop and deploy knowledge management programs for different types of organizations as well as for different sectors of the global economy. A hallmark of the course’s approach is that students will learn the steps from planning to deployment from a systems standpoint, i.e., students will learn how to use systems engineering principles as an analytic and structured framework for designing and implementing knowledge management programs that are responsive to organizational needs.
The course first provides an overview of the strategic value of institutional and project knowledge when properly managed, shared and applied, or leveraged to support decision making. Next, a system’s view and analysis of knowledge management (KM) is introduced as critical to business success because of the strategic value of knowledge assets. The knowledge management “system” as used in this course comprises of all the organizational elements that go into formulating a knowledge management strategy and its related implementation programs. Such system is made up of a defined KM strategy, appropriate information technology (IT) tools, processes, teams and leadership engagements, implementation programs delivery, institutional learning, lessons learned, knowledge sharing and transfer methodologies. Further, students will learn how to conduct organizational KM needs assessment, define institutional KM drivers, strategy formulation and knowledge sharing protocols. Students will also acquire skills for developing robust knowledge management practices and programs that support business objectives, enable project success, and sustain improved organizational performance. Additionally, students will apply the structured KM design principles they learned to real-world organizational challenges and opportunities. Assignments comprise a combination of individual exercises, a group project, and a final exam.
Pre-requisites/open to:
There is no pre-requisite knowledge or specific competency required for taking this course, because the instruction will include knowledge management fundamentals as well as systems engineering basics. Open to SPS and SEAS; other students with instructor permission.
What is a family? What makes a household? These are social units that vary significantly in meaning and composition across time and across space. African households and families have long been the focus of scholarship, not least in colonial ethnographies of the twentieth century. But those works imagined them as timeless. Historical scholarship and later anthropologists have challenged that notion and shown that these were and are complicated and diverse social institutions with specific histories and consequences. Yet, they rarely feature in archives other than at moments of crisis. We will explore how historians have sought to write histories of families and households. By the end of the course, students will be familiar with central debates around the meaning and form of these social institutions and with the critical place of households and families to social and political history in Africa.