Effective Global Leadership for Economic
Effective Global Leadership II
These two-part mid-career global leadership development courses (1.5 credit course in the summer and spring) provide intensive, collaborative, and highly interactive hands-on instruction, constructive evaluation, and ample opportunities to transform theory into practice. It utilizes cutting-edge, research-based methodologies and customized case studies to build the next generation of leaders that turn differences into opportunities, ideas into solutions, and knowledge into action. Students will acquire a variety of leadership skills in global contexts, including cross-cultural negotiation strategies, consensus building, collaborative facilitation, persuasion, inclusionary leadership, design-thinking-based problem-solving techniques, and public speaking in knowledge-intensive industries. They will gain a competitive edge in their professional careers by participating in a variety of simulation games, role-playing exercises, and mock public policy panels to apply the skills they have learned and receive valuable feedback.
- 1.5 points
Macroeconometrics
The course aims to analyze dynamic, multivariate interactions in evolutionary and non-stationary processes. The course first considers stationary univariate time-series processes and then extend the analysis to non-stationary processes and multivariate processes. The course covers a review of linear dynamic time-series models and focus on the concept of cointegration, as many applications lend themselves to dynamic systems of equilibrium-correction relations. In the final analysis, the course is aimed at presenting a certain number of econometric techniques the mastery of which is becoming increasingly inevitable in professional circles.
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Instructor:
Noha Emara
CULPA: 7 Info - 3 points
Empirical Econometric Project
This course aims to provide students with further instruction on how (1) to motivate detailed empirical analysis on a research question of their choice, (2) to justify and to design appropriate econometric tests using relevant time-series, cross-sectional, or panel data, etc., and (3) to draw accurate inferences—as well as direct policy implications—from their results for a wide audience. To meet this objective, the key course requirement is to write an empirical policy paper that details (1)–(3) in no more than 5000 words total (including exhibits, references, etc.), geared not for academics but for economic policymakers or other practitioners. Also, students will be required to report their findings to their instructor, advisors, and fellow students during 10- to 15-minute slide presentations toward the end of the semester.
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Instructor:
John Benson Durham
Info - 1.5 points
Financial Development
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.
- 3 points