Prerequisites: SIPA U6401
Examines international finance and the institutions and principles governing the functioning of the international monetary system. Among the topics discussed are the structure, operation, and stability of foreign exchange markets, the causes and consequences of international accounts disequilibria, the mechanisms of balance-of-payments adjustment, the merits of different exchange rate regimes, financial crises, the effects of international capital mobility on trade, growth, and employment, and the problem of international policy coordination.
This is a "methods" course meant to provide students with the analytic tools necessary to think through "real life" international economic policy situations. The class is primarily meant for those interested in working at international financial institutions, the foreign-service, Wall Street, or the financial press. Lectures will, in part, be fairly rigorous though, if the student has taken first year economics, knows basic algebra, and (most importantly) can navigate graphs, he/she will be able to handle the material fairly easily. While theory will at times dominate, its policy relevance will be illustrated through i) l0-minute discussions at the beginning of every class on topical issues; ii) continuous references to recent economic/market episodes meant to illustrate the theoretical material; iii) reading short pieces of Wall Street research that cover timely market topics; and iv) the term paper that will be graded on how well theory and policy are integrated. In terms of topics, the first half of the semester will develop an analytic framework that thinks though the concept of the "exchange rate" in terms of its (short and long term) determinants as well as the interaction between the exchange rate and macro variables such as growth, inflation, and monetary policy. The second half of the semester we will investigate individual themes including exchange rate regimes; BoP crises and contagion; global imbalances and the savings glut; the role of FX in "inflation targeting" regimes; and capital markets and emerging markets finance.
This course deals with how public and non-profit agencies interact with their external environment: how they generate revenue, and develop
brand identity
. The class further discusses the application of private sector marketing techniques to non-profit and governmental organization as well as methodologies and uses of strategic planning in the public sector.
(Spring semester only)
Finance deals with the theory of how households and firms use capital markets to allocate resources over time. The course will equip you with a solid theoretical foundation you can use to evaluate projects, investments and funding decisions. It will further acquaint you with the details of debt, equity and derivatives markets so you can apply your knowledge to practical problems
The purpose of this course is to examine corruption in public life to determine what transformative ethical measures can be taken by the public leader in response. Corruption impedes human rights, sustainable development and humanitarian aid, in addition to the rule of law and the administration of justice. Effective management requires an understanding of soft or relational corruption, including narcissistic leadership, prejudicial culture, complicit loyalty and impassive technocracy. It also requires an understanding of hard, or material corruption, including bribery and gift-giving; evident conflict of interest, such as self-dealt compensation and investment, besides nepotism, cronyism and favoritism; and latent conflict of interest, such as campaign contributions, voter suasion and lobbyist support, in exchange for regulatory loopholes, waivers, earmarks, bailouts, subsidies, permits and contracts, besides perquisites such as honoraria, board directorships and revolving-door career advancements. Expectations for the quality of civil discourse and the integrity of civil society are examined, as are appropriate anti-corruption measures. These include soft measures such as transparency and inclusivity and hard measures such as financial disclosure and whistle-blower protections. The course aims to model the public leader, using ethical building blocks of sensitivity and rationality, among them empathy and authenticity. Local, national and international cases are analyzed to determine how a public leader can remediate corrupt practices to achieve ethical decision making outcomes.
This course is designed for students interested in establishing, working in or leading non-governmental organizations (NGOs) or creating social value through partnerships between NGOs, business and government. The course will deepen students' understanding of: (1) the nonprofit sector in general, and (2) partnerships between nonprofits, business and government. Students will learn through cases involving a variety of NGOs, businesses, and governments. The cases include a range of industries (e.g. housing, sports, transportation and drugs); NGOs (e.g. Habitat for Humanity International, the Red Cross and Homeless World Cup); companies (e.g. Nike and GlaxoSmithKline); and countries (e.g. France, Brazil, Mexico and the US).
Please note: This is an ‘instructor managed registration’ course. Students interested in the course should join the waitlist in Student Services Online (SSOL). Priority will be given to those students 1. in their first year (or second year of a three-year, dual degree program), 2. having less than three years of full-time job experience and / or 3. without significant business coursework at the undergraduate level.
, All organizations must adapt to shifting circumstances in order to succeed. How (and how fast!) an organization changes...can be more critical to sustaining change than getting to the targeted change initially. This course is about the ‘how. It aims to equip students with tools and skills to lead and sustain change initiatives, either directly or in support of a more senior manager. The specific focus will be on change that is transformational, in that it impacts every person in the organization to some degree; globally-scaled, in that it requires collaboration among diverse and dispersed teams; time-sensitive, in that a lag in communications and a ‘business as usual’ pace can often threaten a successful change outcome. , The course will be case-based, and students can expect that their week-to-week engagement within the class, with other students and with the professor will instill a realistic appreciation for applying a range of tools and driving change. An overarching theme is to illustrate the rationale for change, the tool application process and the outcomes using actual change management case vignettes (among global and dispersed stakeholders). The vantage point for learning will be the role of the Senior Level Manager (SLM) driving the change process, a position that students may achieve within a two to three-year period following graduation. If not directly in that role, most students are likely to support a SLM driving change or to serve on a designated, ‘core’ change team. Virtual team leadership and engagement are critical to ‘moving quickly’ around obstacles, and so there is early class focus on the ‘how’ of crafting persuasive messages, organizing team roles, orchestrating team decisions and communicating using effective virtual team tools and practices.
This course provides an introduction to computer-based models for decision-making. The emphasis is on models that are widely used in diverse industries and functional areas, including finance, accounting, operations, and marketing. Applications will include advertising planning, revenue management, asset-liability management, environmental policy modeling, portfolio optimization, and corporate risk management, among others. The aim of the course is to help students become intelligent consumers of these methods. To this end, the course will cover the basic elements of modeling -- how to formulate a model and how to use and interpret the information a model produces. The course will attempt to instill a critical viewpoint towards decision models, recognizing that they are powerful but limited tools.The applicability and usage of computer-based models have increased dramatically in recent years, due to the extraordinary improvements in computer, information and communication technologies, including not just hardware but also model-solution techniques and user interfaces. Thirty years ago working with a model meant using an expensive mainframe computer, learning a complex programming language, and struggling to compile data by hand; the entire process was clearly marked "experts only." The rise of personal computers, friendly interfaces (such as spreadsheets), and large databases has made modeling far more accessible to managers. Information has come to be recognized as a critical resource, and models play a key role in deploying this resource, in organizing and structuring information so that it can be used productively.
This course will introduce students to the global context of CSR through comparative business perspectives. After considering the theoretical frameworks for undertaking CSR activities the course will addresses a number of public policy issues facing globalizing companies through a series of case studies. Under examination is the manner in which business and ethical considerations have impacted upon different social, labor, and environmental challenges. We will be asking students to consider: to what extent such factors have been, and will be, part of the corporate strategy decision-making process; why companies are having to adapt (or not) to different pressures; and whether they might sometimes be going above and beyond the standards required by regulation.
This is a Law School course. For more detailed course information, please go to the
Law School Curriculum Guide
at:
http://www.law.columbia.edu/courses/search
Prerequisites:
PHYS W4021-W4022
, or their equivalents.
Applications to atoms and molecules, including Thomas-Fermi and Hartree-Fock atoms; interaction of radiation with matter; collision theory; second quantization.
An overview of current issues and major trends in global banking, exploring the distinction between developed and emerging markets, and focusing on the perspectives from the different actors and constituencies in the international markets: customers, regulators, governments, rating agencies, institutional investors, multilateral agencies, and management.
Prerequisites: INAF U6072 or SUMA K4155
Project finance is frequently employed in energy investment to allocate risk between major energy companies, entrepreneurs, equity and debt providers, government agencies, and other industry participants. The course will explain how this risk allocation is accomplished through a survey of projects in the various energy sectors: international oil & gas production, LNG export, electric generation both fossil-fueled and renewables, price-hedged and merchant. The objective of the course is to provide participants with a practical grasp of which types of energy projects are suitable for project finance. The following areas will be addressed: business risk analysis, cashflow analysis, and sources of equity and debt capital.