This course builds on the core Global Economic Environment curriculum to equip students with toolkits for applying open-economy macro frameworks to the analysis of the fundamental forces shaping economic turning points and the development of public-market trading strategies around them. Key concepts in global macro investing are delivered through a mix of interactive lectures, case-study discussions, and directed conversations with practitioners. The course is structured in three sections: (1) a review and extension of core macroeconomic principles, an annotated discussion of key macroeconomic indicators, a structured look at the principal features of major risk assets (i.e., equities, currencies, fixed income, and commodities), and the development of templates for global macro trading strategies and risk management; (2) case studies around recent, disruptive major global macro inflection points; and (3) the application of the course’s key learning objectives to the development of broad global macro trading strategies around prevailing macroeconomic conditions, special cases, and instances of asset mispricing. This course will provide introductory knowledge and skills for students wishing to pursue activities in markets-focused macroeconomic research and strategy, global tactical asset allocation, the application of macroeconomic overlays on a wide range of investment platforms, strategic planning, and policy development.
This course builds on the core Global Economic Environment curriculum to equip students with toolkits for applying open-economy macro frameworks to the analysis of the fundamental forces shaping economic turning points and the development of public-market trading strategies around them.
Key concepts in global macro investing are delivered through a mix of interactive lectures, case-study discussions, and directed conversations with practitioners. The course is structured in three sections: (1) a review and extension of core macroeconomic principles, an annotated discussion of key macroeconomic indicators, a structured look at the principal features of major risk assets (i.e., equities, currencies, fixed income, and commodities), and the development of templates for global macro trading strategies and risk management; (2) case studies around recent, disruptive major global macro inflection points; and (3) the application of the course’s key learning objectives to the development of broad global macro trading strategies around prevailing macroeconomic conditions, special cases, and instances of asset mispricing.
This course will provide introductory knowledge and skills for students wishing to pursue activities in markets-focused macroeconomic research and strategy, global tactical asset allocation, the application of macroeconomic overlays on a wide range of investment platforms, strategic planning, and policy development.
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.
You cant disrupt any industry without dislodging its incumbents. And no incumbent goes down without a fight. Sometimes those fights happen in court. But usually, they take place in the halls of government: in city councils, state legislatures, municipal regulatory agencies, even local community boards. For 90% of technology startups, not understanding how to anticipate, handle and solve your coming regulatory problems is just as problematic as not being able to hire engineers or raise venture funding. Failure to anticipate politics can be fatal. However, there is a playbook for startups to disrupt and thrive. This class is designed to teach its students exactly how. Working in groups, students pilot new industries through the regulatory process, navigating the halls of power and the economics of disruption by analyzing the regulatory and political obstacles in their way. Students will figure out how to properly assess their opponents, develop and execute the right narrative in the media, build a grassroots movement, effectively lobby elected officials, regulators and political staffers, overcome entrenched interests standing in their way, and ideally, not only win legality for their idea, but build a regulatory moat to box out potential competitors.