AI Agents and the Future of Business explores one of the most transformative shifts in modern enterprise: the rise of autonomous AI systems that think, act, and collaborate to achieve business goals. As artificial intelligence evolves from predictive models to agentic systems, organizations are redesigning how decisions are made, how workflows operate, and how value is created.
Unlike traditional large language models that respond to prompts, AI agents pursue goals. They perceive their environment, reason about tasks, use tools and APIs, maintain memory, and adapt dynamically to feedback. These capabilities are reshaping enterprise productivity, decision-making authority, and organizational structure.
This course blends strategy and studio. Students will examine agentic architectures (tool use, memory, orchestration, multi-agent coordination), analyze real enterprise deployments, and prototype or evaluate AI-agentic workflows using low-code tools. Through simulations, interactive discussions, and a final team project, students will develop the managerial and strategic literacy required to lead in the emerging agentic economy.
Artificial Intelligence is a transformative general-purpose technology (GPT) poised to impact all
sectors of our economy and of our society in the years and decades to come. It is fundamentally
reshaping what is possible and over time will affect how work is done, it will unlock new frontier
opportunities while disrupting established norms and ways of living and working. Over the past
decade, and especially over the past few years, AI investment is increasing and its capabilities are
improving at a pace that is significantly faster than the speed at which organizations and society
is adapting.
This course examines AI as a societal phenomenon — not how to build or deploy AI products,
but how one can be thinking AI as a GPT, how the AI transition is reshaping the economy,
affecting infrastructure and energy systems through the physical buildout, industrial organization,
work, geopolitics, and policy, and what leaders in business and government should or could be
doing about it.
In this course students will synthetize knowledge from the core with knowledge from both specific department required courses and from certificate required courses. The course deliverable is a written paper combining analyses of a student’s selected data set that uses two of the following methods: (linear regression, logistic regression, nonlinear modeling, mixed effect modeling, machine learning, survival analyses). Students will demonstrate understanding of summarizing (numerically and graphically) data for purposes of specific analyses, presenting results, and interpreting them in the context of public health. Finally, students will also demonstrate the ability to present various stages of the analyses, to ask questions in large collaborative settings, and to troubleshoot their work.
This colloquium aims to introduce graduate students to the diverse literature on religion and capitalism, with an emphasis on early modern Europe. Readings range from classical sociological literature and major historical monographs to more recent work in heterodox economics. Our discussions will address a number of persistent questions in the field, both methodological and empirical: (1) How have historians, sociologists, and philosophers characterized the relationship between God and Mammon, between religious and economic life? (2) What is the nature of this relationship (unidirectional causality, mutual constitution, supersession, etc.)? (3) How have explanatory possibilities been brought to bear in scholarship on different periods, and for different traditions (Christianity and Judaism, Catholicism and Protestantism, Jansenism and devout humanism, Calvinism and Anglicanism)? (4) How should one approach religious institutions in light of the massive wealth at their disposal? (5) To what extent have theological categories and economic axioms informed each other over time, and under what political and cultural conditions?
In this course, you will learn to design and build relational databases in MySQL and to write and optimize queries using the SQL programming language. Application of skills learned in this course will be geared toward research and data science settings in the healthcare field; however, these skills are transferable to many industries and application areas. You will begin the course examining the pitfalls of using Excel spreadsheets as a data storage tool and then learn how to build properly-designed relational databases to eliminate the issues related to spreadsheets and maintain data integrity when storing and modifying data. You will then learn two aspects of the SQL programming language: 1) the data manipulation language (DML), which allows you to retrieve data from and populate data into database tables (e.g., SELECT, INSERT INTO, DELETE, UPDATE, etc.), and 2) the data definition language (DDL), which allows you to create and modify tables in a database (e.g., CREATE, ALTER, DROP, etc.). You will additionally learn how to optimize SQL queries for best performance, use advanced SQL functions, and utilize SQL within common statistical software programs: R and SAS.
The course introduces students to budgeting and financial control as a means of influencing the behavior of organizations. Concepts include the budget process and taxation, intergovernmental revenues, municipal finance, bonds, control of expenditures, purchasing, debt management, productivity enhancement, and nonprofit finance. Students learn about the fiscal problems that managers typically face, and how they seek to address them. Students also gain experience in conducting financial analysis and facility with spreadsheet programs. Case materials utilize earth systems issues and other policy issues. A computer lab section is an essential aspect of the course, as it teaches students to use spreadsheet software to perform practical exercises in budgeting and financial management.
Strategic concepts and frameworks are necessary components of analytic thinking for students working in domestic and global health policy, healthcare and health systems. This course will address the intersection of health policy and strategy. Class sessions will consider how policy decisions and potential regulations impact an organization as well as questions related to strategic planning.
This graduate seminar will take place almost exclusively in museum galleries in New York (and one weekend trip to the Boston area, date TBD), where we will study medieval sculpture through firsthand encounters with artworks. While engaging with classic and contemporary theoretical approaches to the medium, we will prioritize close examination of objects themselves. Starting with sculpture's ambivalent reception and its association with pagan idolatry, the course will explore how the formal, material, and phenomenal qualities inherent to the three-dimensional medium endowed sculpture with a unique ability to convey complicated theological precepts to the masses, elevate the drama of the liturgy, and conjure visionary experiences. Our study will encompass reliquaries, altarpieces, tombs, monumental architectural programs, and liturgical props, among other works.
Venture capital has played a major role in shaping many of the innovations that form our modern society, ranging from the ideas that spawned the tech giants to life-saving medications. In recent years, there has also been an explosion of venture investment in new areas of healthcare – namely digital health and tech-enabled healthcare services.
This course aims to provide some insight into the world of venture capital through a healthcare lens. We will explore a range of topics, from fund formation, to identifying an investment target, to negotiating and closing an investment, to managing growth, to achieving an exit. One class will focus on what makes venture investment different in healthcare than in other industries. All along the way, we’ll look at some notable successes and failures to learn how venture capital can create enormous value, and where – and why – it has come up short.
The course will conclude with a VC pitch session to give students the experience of presenting their ideas to real venture investors. Students will work in groups to create and present their pitches and will learn what this experience is like for both entrepreneurs and investors. Afterwards, the investors will also discuss their experiences in the field and provide some insights to students from a career perspective.
What happens to a body stilled in space, when it takes a shape and holds it? How does its relationship to public space change? How is its transformation attenuated when the body is in formation with other bodies, a breathing still life of people and props? This Graduate Seminar in Performance and Related Media will use the question of a body’s stillness as a platform to create interdisciplinary projects that exist between dance, sculpture, collaborative movement, and performance art. Through core readings and writings, we will discuss unique possibilities of representation and challenges this form enables, and the prominent role it has been taking within the visual arts in recent years. Students will engage with a variety of aesthetic strategies and formal techniques such as movement workshops, sensory exercises, wearable sculptures, collaboration, scores, and group meditation. Studio work will focus on concrete intersections between the body and the object, and case studies chosen to encourage students to think of movement as a form of resistance, and to consider the political implication of collaborative work that unfolds over time. Performativity will be defined widely, and no prior experience is required.
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.
Digital health is the use of any and all digital resources to improve health by making it safer, more efficient, maximize outcomes and lower costs. It is transforming the delivery of healthcare and behaviors of all health sectors. The size and scope are fast growing and difficult to define at this point in its history. The Covid-19 pandemic has magnified the importance and uses of digital health.
This course provides an overview of digital healthcare in the US, focusing on how and why digital health is revolutionizing healthcare for providers, patients and payors. Students will be equipped with the vocabulary, concepts and tools to understand the dynamic aspects of digital healthcare in today's environment, including its definition, its role in improving patient outcomes, provider satisfaction, reduction in costs and why this is accelerating. Students are encouraged to take the perspective of the executive and policy-maker in class discussions. In addition, the course surveys current digital tools and investment strategies in digital health.
Integrated individual-level health claim, biometric and risk data have many business uses across insurance, consulting, disease management, engagement and other digital healthcare organizations. The purpose of this course is to provide training to meet the data analytical job demands of these organizations with practical, hands-on experience exploring real corporate longitudinal data.
The Course introduces students to the fundamentals of case competitions and prepares them to compete in select case competitions over the course of the year. Case competitions afford students the opportunity to apply classroom learning to dynamic health care organizational and industry problems. The Course covers topics ranging from the framework for breaking down cases to common analytical techniques and presentation skills. We will build the foundational skills for students to prepare and deliver comprehensive, professional analyses in competitive settings.
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.
This two-semester course demonstrates that it is both possible and useful to think about public policy rigorously: to examine underlying assumptions; to understand how formal models operate; to question vagueness and clichés; and to make sophisticated ethical arguments. An important goal of the class is to have students work in groups as they apply microeconomic concepts to current public policy issues having to do with urban environmental and earth systems. The course includes problem sets designed to teach core concepts and their application. In the spring semester, the emphasis is on the application of concepts to analyze contemporary policy problems. Some time is also devoted to international trade and regulation, and industrial organization issues. Students not only learn microeconomic concepts, but also how to explain them to decision-makers. Student groups take on specific earth system policy issues, analyze options through the use of microeconomic concepts, and then make oral presentations to the class.
The events over year and a half have brought a renewed focus and an increased sense of urgency to recognize and address inequality in our society and institutions. These events have challenged organizational leaders to respond with comprehensive strategies to promote equity and embed racial and social justice within their organizational domains of influence. To achieve this and advance equity, an intentional and dedicated focus that recognizes the harmful effects of systemic inequities is required.
Historically in healthcare, structural inequities have resulted in disproportionately poor outcomes for marginalized groups in our society. The intersections of race, ethnicity, sexual orientation, gender identity gender expression, language, disability, religion and other characteristics further identifies disadvantages and poor outcomes for marginalized groups—notably those with less access to power and resources. Additionally, false notions of racial superiority, white supremacy culture, and explicit or implicit biases contribute to disparities in patient outcomes among people of color and other socially marginalized groups.
This course will explore how leaders are able to effectively advance health equity by dismantling systems of oppression and racism in health care. The focus will be to examine leadership imperatives to establish a collaborative consciousness to instill and promote just policies and practices. To this end, the course will require students to develop an understanding of self-identity and an awareness of how one’s individual actions impact interactions between colleagues, team members and others. The course will provide strategies for effective leaders to establish a foundation to advance diversity management, promote equity and establish inclusion best practices within organizations. In particular, the emphasis will be on leadership accountability to initiate conversations and set forth strategic actions to sustain organizational change.
One of the lessons learned during COVID is the importance of clear communications. Effective public health communications saves lives; bad communications creates fear, uncertainty and worse. Good communications can also make better health policy and expand budgets, saving even more lives.
But too often, senior executives in the public, private or non-profit sector expect that their good works alone are sufficient to gain the support of others, maintain funding, or advance a critical policy agenda. Unfortunately, it isn’t so. In an age of media oversaturation, rapid technology advances that continually atomize people’s attention, and intense competition among interest groups for decisionmakers’ hearts, minds and budgets, successful health professionals must include issue advocacy and communications in their arsenal of weapons to keep their interests relevant and compelling, to move others to action, or to affect public policy.
This course focuses on the practical aspects of issue advocacy and public health communications. It is designed to give the public health professional an introduction to issue advocacy and public health communications, and an understanding of the critical components of developing and implementing such campaigns.
Recent years have seen closer integration of countries around the world, with increased flows of goods and services, capital and knowledge. There are two alternative views concerning globalization: one, reflected in the protest marches from Seattle to Genoa, argues that globalization has hurt the poor, has been bad for the environment and is governed by undemocratic institutions operating behind closed doors, advancing corporate and financial interests of the more developed countries. The other argues that globalization is the only means by which developing countries will be able to grow and eradicate poverty. This course tries to enhance understanding of these alternative perspectives. It analyzes the underlying forces that have led to globalization and identifies its effects, particularly in developing countries and when and why it has had the adverse effects that its critics claim and when and why it has had the positive effects that its proponents argue for. It also examines the need for international collective action, discusses the structure and conduct of international economic organizations and assesses the extent to which they are to be blamed for the failures of globalization or should take credit for its successes. The course ends with a discussion of alternative reforms of the global economic architecture."
The health of Americans is shaped not only by medicine and policy, but also by politics, ideology, and culture. This course examines what it means to lead, communicate, and build trust in an era of polarization and misinformation. Students will explore how values and worldviews shape debates over science, health policy, and the role of government — from national initiatives and crisis leadership to global and Indigenous frameworks for wellbeing. Through case studies, simulations, and critical reflection, the course equips students with practical tools for leadership in divided contexts. Students will learn to frame messages for different audiences, communicate under pressure, and engage constructively across ideological lines. They will analyze how political polarization, social identity, and distrust influence health outcomes, and develop strategies for rebuilding confidence in public institutions and evidence-based decision-making. By the end of the course, students will be able to connect the moral and strategic dimensions of health leadership—balancing clarity and compassion while navigating uncertainty, disagreement, and competing definitions of what “health” should mean in America today
One of the great frustrations of health care innovation lies in the gap between how many promising innovations are developed each year and how few reach patients at any degree of scale. Too often, great products and services fail to gain traction, with negative human, clinical and financial consequences. A significant driver of these failures is the asymmetry between the needs of the sellers of emerging technologies (particularly startups) and those of the buyers who are trying to innovate. Many innovation disappointments can be traced to a failure to reconcile these differences. This course examines what it takes to bridge those differences to make innovation work within large health care organizations, such as hospital systems, multi-specialty physician networks, and health plans. Students will put themselves in the shoes of a seed-stage startup that has created a tech-enabled service and is striving to win an anchor buyer. Through case studies, simulations, guest speakers, and practical assignments, students will explore the real-world challenges of gaining internal champions, navigating governance processes, securing funding, aligning incentives, and scaling adoption from pilot to enterprise. Emphasis will be placed on understanding the buying process, stakeholder mapping, business case development, and the organizational politics startups must navigate.
Investigation of contemporary composition topics through invited guest lectures, student and faculty presentations, listening sessions, and professional development workshops. DMA students only also receive one-on-one weekly composition lessons during which they will develop individual projects in composition (lessons are offered for the first three years of the DMA).
COVID-19 challenged traditional ideas of “public health preparedness” and exposed tragic gaps in the way institutions and societies prepare for and respond to public health emergencies. The next century will be inundated by further pandemics, climate-driven crises, and other threats. This requires reimagining our approach to prevention, preparedness, response, and recovery from such threats.
This course will combine federal doctrine, sociology, public health analysis and ethics/philosophical approaches to describe a reimagined approach to the field of Public Health Emergency Preparedness and Response (PHEPR). Students will leave ready to participate productively in public health emergency activations in governmental or healthcare contexts. Students will also understand the likely limitations and failures of these emergency activations. Finally, students will be able to practice new and imaginative problem solving techniques suitable for these unstable conditions.
The course will accomplish this in three broad sections. In
Unit One
(covering the first three sessions), the course will wrestle with what these events that we call “public health emergencies” actually are, where they come from, and how they change us. In doing this, the course will propose a new conception of a “public health disaster” to align emergency management and public health scholarship.
Armed with this knowledge, in
Unit Two
(the second three sessions) the course will cover specific management practices for general disaster response, public health response, and preparedness activities. Through critique of these frameworks and the proposal of alternate evidence-based techniques (e.g., surging solidarity, mindful muddling, parasitic resilience), the course will build reimagined methods for handling these acute events.
Finally, in
Unit Three
(the last session), the course will apply a “wicked problems” framework to critical issues within the public health emergency space, asking students to use the frameworks they’ve learned in pragmatic problem solving activities.
Throughout, the course will offer the perspectives of public health practitioners, community leaders and scholars in envisioning the transformation we need and describing the paths to make these changes we need a reality. In conversation
Climate risk is real. It is costly to the economy, society, and the world, as evidenced by high and ever-increasing Social Cost of Carbon (SCC) estimates. Most businesses and corporations, meanwhile, experience climate risk mostly indirectly, via policy, technology, and market risks. This class focuses on climate risks head on, exploring to which extent they also pose direct financial risks to business now and in the near future. Along the way, we will answer a number of questions, such as: If climate change is so costly, why does it not show up (more) in asset prices? If climate pollution is so bad, why is polluting so profitable? We will also dive into questions around insurability of physical assets like real estate, stress testing of financial assets, and corporate scenario planning. Lastly, we will discuss risk as opportunity for those relatively better able to take advantage of risks and uncertainties.
This course is designed to equip healthcare management, public health and policy graduate students with
the knowledge and skills necessary to integrate artificial intelligence (AI) into healthcare settings. The
course covers the fundamentals of AI, its applications in healthcare, ethical considerations, and strategic
implementation. By the end of the course, students will be able to identify opportunities for AI deployment,
manage AI projects, and evaluate their impact on healthcare operations and/or patient outcomes.
Financial Empowerment Lab NYC is a new “experiential” course at Columbia University for business and law students, being developed by Stephen Zeldes and Ed Morrison that will launch in Spring 2025 (running mid-January through late April). The course will focus on financial health and empowerment in underserved
NYC communities, including Harlem and Washington Heights. Teams of 3-4 students each will partner with local non-profits and Community Development Financial Institutions (CDFIs) on a semester-long project that will culminate in a pre-specified deliverable. In the process, students will be exposed to clients of the organization, develop a better understanding of the financial and legal challenges facing underserved populations, and work on a project that will help the organization better fulfill its mission. This course emphasizes practical learning, innovative problem-solving, and strategic collaboration, enabling students to apply their skills in a meaningful context that contributes to economic justice and positive social change.
By studying healthcare innovations within the context of health reform, students can learn how novel approaches can be integrated into reform strategies to overcome systemic inefficiencies, enhance equity in healthcare delivery, and ultimately contribute to the goal of improving health systems. This approach encourages students to think creatively and practically about transforming healthcare systems to deliver improved outcomes and better serve the needs of populations, particularly in low and middle-income countries. The course is structured around the analytical framework of five policy levers of financing, payment, organization, regulation, and persuasion, as critical determinants of health system performance developed by Roberts, Hsiao, Berman & Reich.
The United States is facing an array of public health crises including opioid use, youth mental health challenges, maternal health disparities, and rising rates of obesity. Health care policies—the laws and regulations that govern the health care system—play a critical role in addressing these crises. The goal of this course is to strengthen students’ skills in identifying and evaluating innovative health care policy options to address major public health and health system issues. In Spring 2026, we will focus on the U.S. maternal health crisis—marked by rising maternal mortality and persistent racial inequities—as a grounding case study. While maternal health will be the primary focus, students will gain a deeper understanding of key measures of health system performance and the main health policy “control knobs” (i.e. financing, payment, organization, regulation and behavior) that can be leveraged to reform the US health care system more broadly. This seminar-style course will incorporate didactic learning, engaged classroom discussion, and both individual and team-based work. As a culminating project, students will work in small teams to analyze the features of the maternal health crisis in specific jurisdictions, propose innovative and tailored policy solutions, and engage in constructive peer critique. Ultimately, students will leave the course equipped with a practical set of tools for proposing and evaluating policy options in response to contemporary public health and health systems challenges.
This course provides a structured overview of the pharmaceutical industry, with a consistent lens on public health. While grounded in the U.S. system, the course will integrate global comparisons to highlight differences in regulation, pricing, and equity. Students will examine how medicines are developed, regulated, priced, marketed, and accessed, and will analyze the role of key stakeholders—including government, payers, advocacy groups, and industry. Through case studies, debates, and simulations, students will explore the ethical tensions that arise between innovation, affordability, and equity, and assess the impact of pharmaceutical decision-making on population health. In addition to building conceptual understanding, students will develop skills in policy analysis, stakeholder synthesis, and evidence-based communication through written memos, reflective essays, and structured in-class activities.
This is an introduction to reading Korean Buddhist texts. These texts, mostly written in Classical Chinese, include apologetics, doctrinal exegeses, edifying tracts, Sŏn texts, devotional writings, temple gazetteers, divination books, ritual manuals, and literary poems and essays. Throughout the course, we will read excerpts from different genres in different styles, gaining exposure to the diversity of Korean Buddhist texts and developing the skills to read other Korean Buddhist texts necessary for research.
Open to all SIPA with pre-req or concurrent-req: Macroeconomics.
This course aims to provide a well-rounded understanding of financial development over time and across countries, with an emphasis on public policy. Topics include a review of the foundations and processes of financial development; the roles of markets, instruments, and institutions; issues related to systemic financial stability; links to financial repression and globalization; and the developmental and oversight roles of the state. Financial activities arise in response to the interplay of a few easily identifiable frictions and related market failures, operating within an evolving institutional environment and uncertain macroeconomic context. Finance has both a bright side (welfare-enhancing financial development) and a dark side (financial instability and potential excess finance).
This conceptualization of financial development is supported by a review of the fundamental foundations of finance through simple modeling exercises, statistical illustrations of financial trends, and references to specific country experiences, many drawn from the work of IMF or World Bank financial sector-related missions.
Recitation slots will be used for guest lectures on frontier issues or for instructor-led discussions. These sessions may cover some of the analytical underpinnings for subsequent lectures, explore the policy implications of recent topics, or actively debate themes of special interest to students.
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.
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.
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.
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.
This course is about the relationship between two complex and nebulous phenomena in the world: race and institutions.
Race and race-like concepts have been deployed for centuries (at least), often with the purpose of justifying economic, social, or political inequality. The study of Race and Ethnic Politics is well-established in political science, but the majority of this research draws on methods and theories from psychology or public opinion research, which are not generally designed to study
institutions or their effects. But if we accept that race is a social construction, it is largely composed of institutions: formal rules governing what one person may do to another that invoke
"racial identities," informal norms about interpersonal interactions, and the mental habits, attitudes, and beliefs that have developed around them.
The purpose of the course is to explore the implications of defining race as primarily a set of institutions for our understanding of politics. In particular, the course is designed to present repeated exercises in two kinds of analysis: first, assessing what published research (mainly in political science) can tell us about the world, and second, what methods or questions might have
been better suited to illuminate the phenomena that the researchers are interested in.
The course does not have pre-requisites, but readings will involve a variety of political science methods, including experiments, statistical analysis, and game theory. If not already familiar with these methods students are expected to engage thoughtfully with arguments relying on them.
Public health dimensions of climate change are of growing concern in both developing and developed countries. Climate-related health impacts may arise via heat waves, air pollution, airborne allergens, compromised ecological services, water- or vector-borne diseases, and shifts in agricultural productivity. Our ability to identify, understand, predict and ameliorate public health impacts of climate change will depend on how effectively we assimilate and synthesize information and tools from a range of disciplines, including atmospheric sciences, climate modeling, epidemiology, ecology, risk assessment, economics, and public policy. The overall objective of P8304, Public Health Impacts of Climate Change, is to lay a foundation for this cross-disciplinary perspective by engaging graduate students drawn from across the University in topical lectures, group exercises and discussions built around the emerging knowledge base on the public health dimensions of climate change.
This course provides students with a rigorous foundation in capital markets and investments, emphasizing asset valuation from an applied perspective. It covers valuation techniques for financial securities, essential to portfolio management and risk management applications. Key topics include arbitrage, the term structure of interest rates, portfolio theory, diversification, equilibrium asset pricing models such as the CAPM, market efficiency and inefficiencies, performance evaluation, analysis of common pooled investment vehicles, behavioral finance, and tax-aware investment strategies. Through interactive activities, case studies, and simulations utilizing real-world market data, students will acquire analytical skills and foundational knowledge required for advanced finance courses and practical roles within the investment industry.
Note for MBA students: B5300 is a full term course offered only to EMBA students and is not available to MBA students. MBA students must complete B6301, Foundations of Valuation, to satisfy this prerequisite. If you sat the Corporate Finance exemption exam, please note this exam corresponds to B6302, the half term version, which does not fulfill the B5300 or B6301 requirement for this course.
Advanced Corporate Finance develops the art and science of optimal strategic decision-making by applying corporate financial theory to cases of financial policy, financial instruments and valuation. In particular, the following topics are studied: cost of capital and capital budgeting, discounted cash flow valuation and financial multiples, payout policy, equity and debt financing, option pricing theory and applications, corporate control and recapitalizations. The classes are structured to maximize the synergy between theory and practice, providing students portable, durable and marketable tools for their internships and careers.
Successful investing in Equities Markets requires more than just picking stocks given the wide
array of products at a portfolio manager's disposal. Through a combination of lectures, a case
study and guest speakers, this course is intended to provide firsthand experience on how
products like Options, Swaps, Futures, ETFs, and Structured Notes, and are structured, valued,
and used. Although most of the course relates to Equities, there will be some content on
Derivatives on other Asset Classes
Prerequisites: ECON G6411 and G6412. Students will make presentations of original research.
Lecture and in-class practice to help develop the skill to analyze experimental data and evaluate literature reports regarding toxicokinetic aspects of chemical exposure. Emphasis on the ability to solve real problems. Topics cover the concept of compartment, analysis of blood and urine data, absorption kinetics, multi- or noncompartment analysis, PBPK modeling and risk assessment, and factors affecting toxicokinetic parameters of environmental toxicants. Midterm exam and final presentation.
In this class, students will be introduced to a variety of hybrid public/private equity investing strategies and situations, including (pre-IPO) crossover funds, tactical opportunity funds, SPACs, PIPEs, take-privates, and more. We will discuss the key similarities and differences between public and private investing, highlighting areas of synergy (and dis-synergy) in the investment process. Teaching methods will include an upfront review of hybrid investment frameworks, hands-on analysis of case studies and real-life situations, and insights from many guest speakers.
Pre-Req: B8306 - Capital Markets & Investments
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."
Prerequisites: G6215 and G6216. Open-economy macroeconomics, computational methods for dynamic equilibrium analysis, and sources of business cycles.
As the course title implies, we will familiarize students with the tax principles that must be considered by corporate managers and their advisers with respect to transactions that result in a re-alignment of the corporations business activities or its capital structure. In most respects, the course will be taught from the perspective of the outside adviser engaged to provide guidance regarding a major corporate transaction or financing decision. The student will, once the course is completed, secure an ability to recognize common re-structuring/financing scenarios confronting management and be positioned to propose viable solutions to these problems in a manner that minimizes tax outlays, consistent with prudent and, above all, ethical business practice.The course features a final examination and a term paper; typically, but not necessarily, the paper is prepared on a group basis. The readings for the course consist, primarily, of Lehman Brothers Tax and Accounting" Research Reports and "The Willens Report" research pieces and articles from professional taxation journals as well as decided cases and I.R.S. pronouncements.We will supply all such reading materials on the first day of class."
This essential course for EHS professionals introduces the student to the field of Industrial Hygiene and Safety Engineering and the application of their principles in the protection of workers and public. EHS Managers, Researchers, Engineers and Consultants will all find the course of benefit. It provides information on contaminants, hazardous work procedures, exposure monitoring, personal protective equipment, site testing and the equipment used to perform work which has the potential to expose workers above permissible levels. The course curriculum integrates the training requirements for certification by OSHA necessary to conduct basic EHS field activities and allows the student to test for and obtain certification. The OSHA training certificate is an industry recognized continuing education certificate that is accepted by EHS employers.
Superfund sites, environmental investigations, and any other work operation requiring sampling or field research of toxic substances at uncontrolled sites is subject to compliance requirements under OSHA. At the completion of the course the participant will be eligible to take an examination for certification under the OSHA 29 CFR 1910.120 standard as an “Occasional Site Worker.” Successful completion of the exam and course will give the certificate holder the ability to access hazardous sites to conduct Environmental Health Investigations.
Constitutive equations of viscoelastic and plastic bodies. Formulation and methods of solution of the boundary value, problems of viscoelasticity and plasticity.
The goal of this course is to give students a stronger theoretical foundation on data science and a provide them with a technical toolkit. This course will prepare students with skills they will need to undertake research that relies on strong quantitative and data science foundations and will help prepare students to excel in other Data Science-focused course offerings in the department of Biostatistics and Environmental Health Science (EHS). This course will build on the first half of P6360 Analysis of Environmental Health Data, which introduces coding in R and the basic framework for conducting EHS-related data analysis across EHS disciplines (e.g., toxicology, epidemiology, climate and health). This course will cover both conceptual and practical topics in data science as they relate to environmental health sciences. Each session will be divided into two parts. In the first hour of the class there will be a lecture. Following a brief 5-minute break, the last two hours of the class will be spent on a lab project where students will apply the methods they learned in the lecture.
This course was designed to provide a foundation in major topics in Environmental Health, aimed at MPH students in EHS. The course explores fundamental principles of environmental health that are not provided in the other departmental required courses; Risk Assessment, Analysis of Environmental Health Science Data and Fundamentals of Toxicology. Lectures will expand on topics introduced in the Environmental Determinants of Health core course, as well as introducing additions topics deemed central to an MPH student in EHS. This will be team taught and use both didactic and case based approaches to learning. Students will also engage in scientific writing and critical analysis of research in topics relevant to environmental health sciences.
The “Private Equity Lab” offers a distinctive experiential learning opportunity for students to engage directly with private equity firms on real-world projects. This course is a blend of academic instruction and hands-on experience, tailored for those looking to deepen their understanding of private equity (PE) through practical application. Partnering with PE firms identified through the Columbia Business School's (CBS) alumni network in the New York City area, this program supports students who work on specific research projects integral to the firms' current deals, portfolio management, or investment strategy. These projects are screened to be mission-crucial but not mission-critical for the firms. This ensures students will work on meaningful projects while protecting the partner firm’s performance. The course thus facilitates a connection between a student and a PE firm with a self-contained research project that could benefit from the student’s skills.
The course aims to coordinate a collection of such projects that would otherwise be organized as “Field Study Projects” in independent studies and seeks to overcome the challenge of students sourcing these opportunities and identifying faculty advisors to mentor the project. Importantly, this is not an internship arrangement, and students are not paid (thus, the hours worked are capped at the usual amount of total expected class time).
This course explores foundational environmental health laboratory approaches and techniques that cannot be taught in a classroom setting. It provides the necessary hands-on lab experience to supplement theoretical and case-study examples taught in the classroom. Students are exposed to a wide variety of experimental approaches and techniques used in Environmental Health Sciences. Laboratory exercises are flexible and directed, in part, by students’ interests and expertise but may include DNA and/or RNA purification from various biological samples, forensic analysis by polymerase chain reaction (PCR), epigenetic modification/DNA methylation studies, gel electrophoresis, ELISA, heavy metal analysis by MS-ICP, cell culture analysis of potential neurotoxins, radiochemistry, Western blotting, microbial contamination, and others. Students will be expected to read relevant foundational manuscripts and relevant methods papers, as well as keep an accurate and detailed laboratory notebook with their experimental notes, findings and subsequent data analysis. Students will demonstrate knowledge of the material with either written or oral final exam presentations.
This course applies financial theory to the issues and problems of asset management. In order to understand these issues, we must start with the specific goals, characteristics, and considerations of the asset owner. Asset owners may be individuals (e.g. personal wealth), collective owners (e.g. families or pension funds), charitable endowments and foundations (e.g. Columbia University), corporations, and nations (e.g. sovereign wealth funds). We characterize the properties of asset returns and the nature of various investment strategies to assess how asset management can meet the specific investment goals of asset owners. Asset owners usually delegate management of their portfolios to financial intermediaries, which may invest across a broad array of assets or specialize in a certain investment style or asset class. The delegated nature of investments necessitates understanding the principal-agent issues and market frictions associated with each type of asset class.
This first objective will be achieved via an overview of the industry, overviews of specific subsets of the industry and guest speakers with expertise building and operating businesses in asset management.
The second objective will be to arm students with enough information around the practical aspects of asset management, such that they can put together a reasonable business plan for a start-up asset manager. Students will then present those business plans on the last day of class.
This course is designed to prepare public health professionals to identify, analyze, and address Environmental Justice (EJ) concerns in the development and implementation of policy and practice related to environmental health, land use, and environmental protection. We will begin by establishing a firm grounding in the theory and evidence behind the American EJ movement through study of the seminal research literature as well as government assessments and case studies of touchstone events. From that point of departure, we will examine existing health disparities and emerging EJ issues, emphasizing the tools available to public health policy makers, researchers, and advocates. We will assess the progress the movement has made in its 30-year history, evaluate the limitations of “first-generation” advocates’ toolbox, explore new approaches that would fully realize EJ goals, and the application of EJ analysis to environmental and health policy. When appropriate, individual class meetings will incorporate interactive exercises, such as role play, aimed at building the students’ ability to analyze issues from different perspectives.
This course studies the evolution of the high yield bond and loan markets, and the behavior of market participants from
peak to trough and back again through various credit cycles. Through lectures, case studies, and guest speakers, we
discuss through-cycle changes in valuation, structure, capital raising, liquidity and other investor considerations.
To provide context, we will use the Caesars/Harrah’s 2006 leveraged buyout as a case study that illustrates each phase
of the credit cycle. Four other case studies (HCA, NXP, Realogy and a contemporary case, TWTR) will be used to highlight
the two extremes of the cycle (“feast” and “famine”), and how they build on the calmer (some might even say boring)
phases of the credit cycle.
Students should leave the course with an understanding of the concept of the credit cycle and the ability to identify peak
and trough conditions and behaviors.
This course presents an in-depth analysis of issues relating to water, sanitation and hygiene in both the developed and developing worlds. Students will become familiar with the hydrologic cycle, the major causes of enteric morbidity and mortality, and the design, financing and implementation of sanitation systems. This course is designed for both engineering and public health students and is intended to foster dialog between the two communities. Class meets once per week for 3 hours, and consists of lecture, discussion of assigned reading, break-out work and student presentations. Student requirements include assigned readings, in-class participation in break-out work, group presentations and a final term paper. Each student will be assigned a break-out group that will work together both during and outside class on a variety of water and sanitation problems. Each group will pick two cities, one in the developed world and one in the developing world, on which they will focus their efforts throughout the term.
This course studies how private equity sponsors increase the value of their investments from deal closing to exit. Using examples from real-world transactions and guest lectures, students will learn the how of value creation in private equity.The course focuses on three types of value creation strategies: financial engineering, governance engineering, and operational engineering.
The course focuses on the set of concepts and techniques used to analyze and finance income-producing real property. It starts with the characteristics that make real property different, including cash flow uncertainties, debt sources and tax features. It then considers the available strategies and structures of real estate finance, including capital structure choices for construction and permanent financing. Extensive use is then made of cases to illustrate the range of choices and outcomes.
This course will introduce advanced methods and tools commonly used in Environmental Health Sciences. These topics include advanced regression techniques especially pertinent to environmental health, methods to quantify and correct for exposure measurement error, mixtures methods, etc. Each class will have two components: a lecture and a coding lab. Although other courses in the School and other Departments might also present some of the methods covered here, the emphasis of this course will be on applications in EHS specifically and the appropriateness, assumptions, strength, limitations and interpretation of results in the EHS framework. Air pollution will be primarily used in class as the example exposure of interest (as many of these methods were first used in air pollution health studies), but not exclusively. R will be used for all coding.
We are exposed to thousands of chemicals in the air, on our food, and as part of consumer products with many hundreds more new chemicals brought to market every year. Yet, only a very small proportion of these have been comprehensively tested for safety. Existing toxicological methods are often insufficient to test every new or existing product due to various constraints including economics, relevance, politics, and ethics. The advent of computational strategies, with high-throughput in vitro and in vivo toxicology data, now permits predictive approaches to a priori, predict potential health risks of chemicals which have not be tested in the laboratory. These strategies range from predicting cellular toxicity based on similarities of chemical structure with chemicals of known toxicity, to forecasting human cellular toxicity from pesticides on food and other exposures using high-throughput cellular assays. Integrating publicly available “omics” data, environmental and personal monitoring data, and bioinformatics, is empowering innovative discovery about exposure-outcome relationships. The goal of this course will be to expose students to the various data sources and approaches that are used to predict toxicity and introduce innovative data manipulation and display strategies that are increasingly needed in data heavy disciplines. This is a hands-on course; students will be required to mine publicly accessible data and perform their own analyses, regularly presenting their work in the classroom. Students will be evaluated on their ability to integrate the material and apply it to real data in order to garner thoughtful, novel insight into predictive or integrative toxicity.
The Real Estate Project Class provides students who intend on pursuing careers in real estate the opportunity to learn how to analyze and execute value-add investments and presentations of same under the guidance of an experienced professor and practitioner, as well as a veteran real estate owner/investor/intermediary sponsor. The course will include instruction in investment conceptualization, analysis, strategy, research and execution. Presentation skills, both oral and written, are integral to the course and project. Two student groups, each group consisting of three or four students, will work with an outside project sponsor to create a transaction presentation based on a real-world sponsor investment.
Personal laptops will NOT be permitted in class. CBS iPads will be permitted only.
Either B8332 RE Transactions or at least 1-year experience of real estate/ transactions experience with instructors permission is required for this course.
This half-term course will introduce students to the fundamentals of global real estate investment from an institutional perspective through an exploration of specific strategies for structuring global real estate portfolios. It will also provide students with an analytical framework and the tools to analyze and value cross-border real estate investments in developed and emerging markets. Given current market conditions, attention will also be paid to asset management strategies.