SCENE STUDY

SELF TO PERFORMANCE

• Department: Theatre Arts
• R 2:10 p.m.-5 p.m.
• Instructor: Peter Fernandez
  Wikipedia Info
• 3 points

SCENE STUDY

SCENE STUDY: THE GREEKS

• Department: Theatre Arts
• R 10 a.m.-12:50 p.m.
• Instructor: Brian Kulick
  Info
• 3 points

Leading Sustainable Operations

• Department: Decision, Risk and Operations
• W 6 p.m.-9:15 p.m.
• Instructor: Nicole Dehoratius
  Info
• 1.5 points

Accounting for Consultants

This elective course covers accounting tools useful to consultants, as well as for students with an interest in a firm’s finance function, general management, or private equity.
There will be a particular focus on performance measurement and management.
Performance measurement is a key determinant of success for today’s companies that sell a wide range of products and services to a wide range of customers differentiated in their needs. While financial accounting (GAAP) information is a useful shortcut toward gaining some understanding of a firm’s financial health, consultants and managers need a more solid understanding of the firm’s strategy and mission, as well as disaggregated information that helps assess how the firm is performing along its strategic objectives.
There is overlap between this course and the half-semester course “Financial Planning & Analysis (FP&A)” course. This course expands on many of the concepts taught in FP&A and supplements them with industry insights and guest speakers. For this reason, this course is mutually exclusive with the elective course “B8007 – Financial Planning & Analysis”. If you have taken FP&A, you will not be able to enroll in this course for credit. Please contact me immediately in case of such a conflict.
The following specific topics will be addressed:
• Profitability analysis to assess individual products
• Customer relationship management using customer lifetime value (CLV)
• Budgeting and variances
• Performance evaluation for profit centers and investment centers
• Performance-based pay: team incentives, relative performance evaluation, etc.
• Corporate governance: the C-suite and the role of compensation consultants
• The “War of Metrics”: Cash Flow, EVA, Balanced Scorecards, etc.
• Innovative ways to deviate from GAAP rules to better measure value creation
• Issues specific to multinational enterprises (MNEs), e.g., taxation
• Industry-specific insights: performance measurement in key industries

• Department: Accounting (ACCT)
• MW 9 a.m.-12:15 p.m.
• Instructor: Tim Baldenius
  Info
• 3 points

DIGITAL LITERACY-DECISION MKRS

• Department: Decision, Risk and Operations
• T 9 a.m.-12:15 p.m.
• Instructor: Marco A Morales Barba
  Info
• 1.5 points

EDO PERIOD PAINTING

• Department: Art History and Archaeology
• T 4:10 p.m.-6 p.m.
• Instructor: Matthew P McKelway
  CULPA: 6 Info
• 4 points

Healthcare Venture Capital And Private E

Healthcare Venture Cap &

This course analyzes the unique characteristics and strategies of investing in the healthcare sector from the perspectives of venture capital firms investing in early-stage healthcare enterprises, entrepreneurs creating and managing such business entities, and private equity firms seeking to build value-creating health care platforms. The course is focused on innovative business models of early to mid-stage healthcare services companies (payers, providers, HCIT firms) that improve quality of patient care, lower costs, and facilitate access to such services, as well as the opportunities and challenges of early-stage biotechnology companies discovering and developing novel compounds. It considers how investors and entrepreneurs can assess, value and manage the inherent risks to succeed in this large, complex, and dynamic sector. This course will address these issues through a mixture of lectures, case studies, and guest speakers (investors and entrepreneurs) from the healthcare sector. Note: Some understanding and prior experience in the healthcare/pharma industry will be highly useful. Students need to attend the first class session to understand material covered later in the course. Evaluation is 25% class participation, 25% mid-term assignment (short paper on questions or case study), and 50% final (individual) paper. "

• Department: Decision, Risk and Operations
• M 2:20 p.m.-5:35 p.m.
• 1.5 points

Intro to Databases for Busines

• Department: Decision, Risk and Operations
• W 2:20 p.m.-3:50 p.m.
• Instructor: Mattan Griffel
  Info
• 1.5 points

Intro to Databases for Busines

• Department: Decision, Risk and Operations
• W 2:20 p.m.-3:50 p.m.
• Instructor: Mattan Griffel
  Info
• 1.5 points

ACTING IV

TBD

• Department: Theatre Arts
• MT 2:10 p.m.-5 p.m.
• Instructor: Peter Fernandez
  Wikipedia Info
• 3 points

Applying Digital Health

• Department: Decision, Risk and Operations
• TR 2:20 p.m.-3:50 p.m.
• Instructor: Raymond G Falci
  Info
• 1.5 points

The Analytics Advantage

This class will focus on how analytics have generated value in a broad range of industries. Each class will be taught by a different faculty member with specific subject matter expertise and will focus on one specific industry and on how it has been transformed through the use of analytics.
DROMB8152

• Department: Decision, Risk and Operations
• R 9 a.m.-12:15 p.m.
• R 2:20 p.m.-5:35 p.m.
• 1.5 points

ACTING TECHNIQUES

ACTING FOR CAMERA

• Department: Theatre Arts
• F 2 p.m.-6 p.m.
• Instructor: James Calleri
  Info
• 3 points

THEORIES OF JUSTICE

• Department: Political Science
• W 10:10 a.m.-noon
• Instructor: David C Johnston
  CULPA: 25 Info
• 4 points

Python for MBAs

• Department: Decision, Risk and Operations
• T 6 p.m.-9:15 p.m.
• R 6 p.m.-9:15 p.m.
• Instructor: David L Bendes
  Info
• Instructor: Sunny Israni
  Info
• 1.5 points

Digital Marketplaces

This course will cover some of the fundamental product decisions together with the basic analytic and data science tools to support them that are currently being used to run the most exciting online marketplaces in the world. More specifically, among others, we will address the following questions: How does Uber or Lyft match drivers to passengers? How does Airbnb select the set of listings to show to a guest in a search? How can we build an algorithmic, scalable reputation and trust system in an e-commerce platform such as Amazon? How should advertisers optimize their decisions in today’s online advertising marketplaces run by Google and others?
Verticals of interest include the following:
• Matching platforms like those for ride-hailing, lodging, dating, labor, and food delivery.
• Internet advertising platforms including search engine advertising, display advertising, and sponsored products.
• Retail platforms including those for physical goods like Amazon, Etsy, and possibly also those for virtual goods like the App Store/Play Store and gaming platforms.

• Department: Decision, Risk and Operations
• M 2:20 p.m.-5:35 p.m.
• M 6 p.m.-9:15 p.m.
• Instructor: Yashodhan Kanoria
  h-index: 18 Info
• 1.5 points

AI Agents

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.

• Department: Decision, Risk and Operations
• TR 2:20 p.m.-3:50 p.m.
• TR 4:10 p.m.-5:40 p.m.
• Instructor: Santiago R Balseiro
  Info
• 1.5 points

AI Solutions: From Diagnostics to Deploy

• Department: Decision, Risk and Operations
• TWRFS 9 a.m.-1 p.m.
• 1.5 points

Religion and Capitalism

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?

• Department: History
• W 10:10 a.m.-noon
• Instructor: Charly J Coleman
  CULPA: 7 Info
• 4 points

Financial Management

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.

• Department: MPA-ENVIRONMENTAL SCIENCE POL
• M 5:10 p.m.-7 p.m.
• Instructor: Rebecca E Koike
  Info
• 3 points

MEDIEVAL SCULPTURE

This graduate seminar will examine the medium of sculpture in the medieval European context. Starting with its 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 engendered sculpture with a unique ability to convey complicated theological precepts to the masses, elevate the drama of the liturgy, and conjure visionary experiences. Structured around case studies of objects abroad and in American collections, the seminar will couple rigorous visual analysis with classic and contemporary methodological approaches from the field in its study of reliquaries, altarpieces, tombs, monumental architectural programs, and liturgical props, among other works.

• Department: Art History and Archaeology
• M 12:10 p.m.-2 p.m.
• Instructor: Gregory Bryda
  CULPA: 7 h-index: 1 Info
• 4 points

Graduate Seminar in Performance and Rela

Grad Sem in Performance

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.

• Department: Visual Arts
• 3 points

Climate Policy

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.

• Department: Business Economics
• M 2:20 p.m.-5:35 p.m.
• Instructor: Gernot Wagner
  Wikipedia Info
• 1.5 points

ECONOMICS OF STRATEGIC BEHAVIOR

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.

• Department: Business Economics
• TWRFS 9 a.m.-5 p.m.
• MW 2:20 p.m.-3:50 p.m.
• Instructor: Jacopo Perego
  Info
• Instructor: Paola M Valenti
  Info
• 3 points

Microeconomics and Policy Analysis II

Microecon & Policy Analys

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.

• Department: MPA-ENVIRONMENTAL SCIENCE POL
• R 5:10 p.m.-7 p.m.
• Instructor: Eren Selcuk
  h-index: 4 Info
• 3 points

Globalization & Markets & the Changing E

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."

• Department: Business Economics
• TWRFS 9 a.m.-5 p.m.
• 3 points

QUANTUM CHEMISTRY III

• Department: Chemistry
• MW 11:40 a.m.-12:55 p.m.
• Instructor: Diptarka Hait
  Info
• 2.5 points

Seminar in Music Composition

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).

• Department: Music
• W 3:10 p.m.-5 p.m.
• 3 points

Climate Risk

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.

• Department: Business Economics
• M 9 a.m.-12:15 p.m.
• Instructor: Gernot Wagner
  Wikipedia Info
• 1.5 points

Financial Empowerment Lab NYC

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.

• Department: Business Economics
• W 9 a.m.-12:15 p.m.
• Instructor: Stephen Zeldes
  h-index: 23 Info
• 3 points

READING KOREAN BUDDHIST LITERATURE

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.

• Department: East Asian Languages and Cultures
• T 4:10 p.m.-6 p.m.
• Instructor: Seong-Uk Kim
  Info
• 4 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.

• Department: MPA IN ECON POLICY MANAGEMENT
• R 5:10 p.m.-7 p.m.
• 3 points

Financial Markets and the Macroeconomy

Financial Mrkts & the Mac

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.

• Department: Business Economics
• MW 2:20 p.m.-3:50 p.m.
• MW 4:10 p.m.-5:40 p.m.
• Instructor: Frederic S Mishkin
  Wikipedia Info
• 3 points

FinTech: Consumer Financial Services

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.

• Department: Business Economics
• R 9 a.m.-12:15 p.m.
• Instructor: Stephen Zeldes
  h-index: 23 Info
• 3 points

ANALYSIS OF MUSICAL FORM

• Department: Music
• T 4:10 p.m.-6 p.m.
• Instructor: Georg Friedrich Haas
  Info
• 3 points

Modern Political 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.

• Department: Business Economics
• TWRFS 10 a.m.-6 p.m.
• 3 points

FIRST FEATURES

• Department: Film
• T 6 p.m.-9 p.m.
• Instructor: Tom Kalin
  Wikipedia Info
• 1.5 points

Institutional Roots of Race and Inequali

Inst. Roots Race & Inequa

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.

• Department: Political Science
• M 10:10 a.m.-noon
• Instructor: Andrew J McCall
  Info
• 4 points

BIOPHOTONICS

• Department: Chemistry
• TR 1:10 p.m.-2:25 p.m.
• Instructor: Wei Min
  CULPA: 7 h-index: 42 Info
• 2.5 points

TOPICS IN PROBABILITY THEORY

• Department: Statistics
• TR 1:10 p.m.-2:25 p.m.
• 3 points

Capital Markets & Investments

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.

• Department: Finance
• MW 2:20 p.m.-3:50 p.m.
• MW 4:10 p.m.-5:40 p.m.
• MW 6 p.m.-7:30 p.m.
• TR 9 a.m.-10:30 a.m.
• TR 10:50 a.m.-12:20 p.m.
• TR 2:20 p.m.-3:50 p.m.
• TR 4:10 p.m.-5:40 p.m.
• T 6 p.m.-9:15 p.m.
• Instructor: Jian Li
  Info
• Instructor: Federico Mainardi
  Info
• Instructor: Jeffrey Saret
  Info
• Instructor: Federico Mainardi
  Info
• 3 points

Corporate Financial Management

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.

• Department: Finance
• MW 9 a.m.-10:30 a.m.
• MW 10:50 a.m.-12:20 p.m.
• Instructor: Xavier Giroud
  h-index: 15 Info
• 3 points

DEBT MARKETS

• Department: Finance
• M 6 p.m.-9:15 p.m.
• Instructor: Steven W Abrahams
  Info
• 3 points

ECONOMETRICS COLLOQUIUM

Prerequisites: ECON G6411 and G6412. Students will make presentations of original research.

• Department: Economics
• W noon-1 p.m.
• 2 points

VIEWPOINTS

• Department: Theatre Arts
• T 2:10 p.m.-5 p.m.
• Instructor: Kelly Maurer
  Info
• 3 points

Hybrid Fund Investing: Crossing Over fro

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

• Department: Finance
• M 6 p.m.-9:15 p.m.
• Instructor: Charles Murphy
  Info
• 1.5 points

ECONOMIC FLUCTUATIONS COLLOQ

Prerequisites: G6215 and G6216. Open-economy macroeconomics, computational methods for dynamic equilibrium analysis, and sources of business cycles.

• Department: Economics
• M 1 p.m.-2:30 p.m.
• 2 points

VISCOELASTICITY AND PLASTICITY

Constitutive equations of viscoelastic and plastic bodies. Formulation and methods of solution of the boundary value, problems of viscoelasticity and plasticity.

• Department: Civil Engineering and Engineering Mechanics
• MR 11 a.m.-1:30 p.m.
• Instructor: Gautam Dasgupta
  CULPA: 3 h-index: 19 Info
• 4 points

Climate Tech

• Department: Finance
• W 2:20 p.m.-5:35 p.m.
• 3 points

Private Equity Field Study

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).

• Department: Finance
• T 2:20 p.m.-3:50 p.m.
• Instructor: Michael Ewens
  Info
• 1.5 points

ASSET MANAGEMENT

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.

• Department: Finance
• R 9 a.m.-12:15 p.m.
• Instructor: Geert Bekaert
  CULPA: 1 Wikipedia h-index: 75 Info
• 3 points

The Business of Asset Management

The Business of Asset Mgm

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.

• Department: Finance
• T 9 a.m.-12:15 p.m.
• M 6 p.m.-9:15 p.m.
• Instructor: Robert E Bortz
  Info
• Instructor: Guy M Miller
  Info
• 1.5 points

From Feast to Famine & Back Ag

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.

• Department: Finance
• TWRF 9 a.m.-5 p.m.
• Instructor: Ellen Carr
  Info
• 3 points

Private Equity: Value Creation

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.

• Department: Finance
• MW 6 p.m.-7:30 p.m.
• Instructor: Faculty
  h-index: 37 Info
• 1.5 points

Capstone: Real Estate Investment

Capstone: RE Investment

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.

• Department: Finance
• M 6 p.m.-9:15 p.m.
• Instructor: Jane Yang
  Info
• 3 points

Global Real Estate Investment

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.

• Department: Finance
• W 9 a.m.-12:15 p.m.
• Instructor: Gregorio Schneider
  Info
• 1.5 points

SEM-MUSIC THEORY: ADV ANALYSIS

• Department: Music
• R 12:10 p.m.-2 p.m.
• Instructor: Joseph P Dubiel
  CULPA: 3 Info
• 3 points

CRITICAL ISSUES IN CONTEMPORARY ART

• Department: Visual Arts
• F noon-2 p.m.
• Instructor: Elizabeth C Devita
  Info
• 3 points

Financing Energy Infrastructure

• Department: Finance
• R 2:20 p.m.-5:35 p.m.
• Instructor: William Bond
  Info
• 1.5 points

Personal Finance

The purpose of this course is to give students an in-depth discussion of academic and policy/practitioner research to be able to address and evaluate the following questions. What are the challenges in measuring poverty? How pervasive is poverty and what are the underlying drivers of poverty? Has economic growth in developing countries (such as Brazil, China and India) helped to alleviate poverty? How pervasive is poverty in the United States? What are informal credit markets? Who participates in them? What are the interest rates and default rates in these markets? What are the challenges to the flow of credit to the poor borrowers? How can they be surmounted? What is the role of microfinance in delivering financial services to the Poor? How successful has been this effort? What are the challenges? What are some of the recent capital market innovations in the markets for the Poor? Can they help to scale up and bring down interest rates? - What are some of the innovations introduced by corporations and governments in this field? With a view to addressing the questions above, the course will begin by examining how poverty is measured, and characterize (using different measures) how pervasive poverty is. In this context, we will pay special attention to simple (exogenous) measures of poverty rates, and multi-dimensional measures of poverty, which link poverty to some underlying deprivations (such as lack of access to education, healthcare, living standards, etc.). We will also examine how the poor organize their lives, budget their consumption expenditures, and survey their access to certain services. After this the course will present evidence on the extent to which poverty has been alleviated in different parts of the world, and how the results compare with the Millennium Development Goals (MDG) set by the United Nations in 2000. Newly established Sustainable Development Goals will be briefly presented. We will also explore the extent to which economic growth in countries has influenced poverty rates. In this context, we will examine the poverty alleviation process and major indicators of poverty in Brazil, China and India before and after these economies began to experience significant economic expansion: this discussion will shed some light on the relationship between economic growth and poverty rates. After characterizing poverty, the course will turn to the role of markets (broadly defined to include private markets, corporate social initiatives, and government initiatives) that address the needs of the poor

• Department: Finance
• W 9 a.m.-12:15 p.m.
• W 2:20 p.m.-5:35 p.m.
• Instructor: Angela W Lee
  Info
• Instructor: Paulo Costa
  Info
• 1.5 points

Impact Investing

• Department: Finance
• W 6 p.m.-9:15 p.m.
• Instructor: Preeti Bhattacharji
  Info
• 1.5 points

Financing Innovation in Healthcare

The primary objective of this course is to provide you with a comprehensive
understanding of the significant economic, strategic, and regulatory aspects involved in financing
innovations within the healthcare industry. In the ?first half of the course, you will be introduced
to the risk-return pro?les and market failures specific to the biopharma industry. Additionally, we
will explore the integral roles played by various ?financing channels, including government funding,
non-pro?t organizations, venture capital, and mergers and acquisitions, in driving the innovation
process. The second half of the course will focus on examining the distinctive ?financial characteristics of U.S. hospitals and analyzing how external financing impacts healthcare quality and
technology adoption.

• Department: Finance
• TW 9 a.m.-5 p.m.
• Instructor: Xuelin Li
  Info
• 1.5 points

Strategic Equity Finance

• Department: Finance
• TR 9 a.m.-10:30 a.m.
• Instructor: David Erickson
  Info
• 1.5 points

Climate Finance

• Department: Finance
• R 2:20 p.m.-5:35 p.m.
• Instructor: Bruce M Usher
  Info
• 1.5 points

The Media Industries: Public P

The course is designed to introduce law and business students to the unusual regulatory and business conditions and challenges in the media industries. A variety of topics are covered including intellectual property, the history and structure of the media industries, communications regulation, strategies of integration and consolidation and patterns of innovation in the media industry.

• Department: Business Economics
• M 2:20 p.m.-5:35 p.m.
• Instructor: Jonathan A Knee
  h-index: 5 Info
• 3 points

Economic Foundations of Business Decisio

Econ Foundations of Busi

This course will introduce students to frameworks for making better decisions in the business world, drawing from microeconomics and the theory of rational choice in a largely non-technical way. The goal is to equip students with the know-how to quickly analyze and optimize decisions that might otherwise result in paralysis or avoidable errors. The course will pair accessible explanations of economic tools with situations drawn from the workplace and everyday life.

• Department: Business Economics
• TR 10:50 a.m.-12:20 p.m.
• Instructor: Faculty
  h-index: 37 Info
• 1.5 points

The Diagram

How does diagramming make subjects available for intellectual exploration, explanation, and even play? How do diagrams thwart understanding? We might think of diagrams as fixed forms of imaging that passively reflect existing notions, but by exploring recent work on diagramming by historians of art as well as scholars in the philosophy of mind, this course will study the ways in which diagrams can function as creative spaces in which thinkers can contemplate the possibilities of innovative juxtapositions and systems of organizing information.

• Department: Art History and Archaeology
• T 2:10 p.m.-4 p.m.
• Instructor: Susanna C Berger
  Info
• 4 points

Value Investing Across the Capital Struc

This course combines the methods and teachings of security analysis with practical buy-side methodologies to identify and research value investments across the capital structure. Emphasis will be placed on the development and implementation of a disciplined and repeatable research and catalyst-driven evaluation process. This course will leverage your theoretical learning in security analysis plus require you to develop business acumen and industry expertise. A combination of fundamental analysis and assessment of intrinsic value will be balanced with thematic thinking and business judgment. The course should arm you with the tools necessary to identify attractive value investments through a variety of methodologies for several alternative fund strategies, including event-driven investments and merger arbitrage. When reviewing capital structures, potential catalysts, and other elements related to the cross-asset investment process, dislocations, security mispricing, and hedging considerations will surface creating opportunities for the long and short sides. M&A catalysts will be vetted for their quality, timing, likelihood of occurrence, and estimated impact on securities across the capital structure.

• Department: Finance
• R 9 a.m.-12:15 p.m.
• Instructor: Keith W Luh
  Info
• 1.5 points

VC Seminar

This course focuses on the role of venture capital and venture capitalist in selecting, funding, and developing emerging growth companies. Students should expect to complete the course with a basic understanding of the processes employed by those making the risk-reward determinations to fund new and growing companies. The class should be worthwhile for students interested in venture capital, investing in growth companies, working with early stage and growth companies, and entrepreneurship.

• Department: Finance
• T 2:20 p.m.-5:35 p.m.
• Instructor: Zachary K Schwarzman
  Info
• 1.5 points

Alternative Assets in Institutional Port

This course examines key themes and issues related to investing in alternative assets from the perspective of major asset owners, such as defined benefit pension plans. The course will focus on the investment process and benefits of applying alternative investments, specifically hedge funds and fund-of-funds, to traditional portfolios. The course will also address the role of real estate, timber, venture capital, private equity, hard assets, infrastructure assets and commodities within traditional portfolios.The goals of this course are for participants to: Understand the objectives and constraints of institutional investors, specifically corporate and public pension plans; Appreciate the benefits, and potential drawbacks, of including alternative assets within the context of large institutional portfolios; Gain insight into the analysis and selection of hedge funds, as well as the construction of hedge fund of fund portfolios; Develop an awareness of analysis, selection, and management of alternative asset portfolios including private equity, commodities, currencies, etc.This course will make significant use of practical, real-world examples. Moreover, the professors expect to engage CIOs of pension plans, as well as major hedge fund managers (such as David Einhorn of Greenlight, Scott Bessent of Soros, and others) to participate in the course as guest lecturers.Students who are looking to pursue careers in any traditional or alternative asset class will benefit from this course. Further, students interested in careers at corporate or public pension plans, fund of funds, consultants or research providers should benefit from this course."

• Department: Finance
• M 6 p.m.-9:15 p.m.
• 1.5 points

Foundations of Business Law

• Department: Finance
• R 2:20 p.m.-5:35 p.m.
• Instructor: Donna M Hitscherich
  Info
• 1.5 points

DRAMATURGY PRACTICUM

TBD

• Department: Theatre Arts
• Instructor: E. C Parker
  Info
• 3 points

Short Selling

• Department: Finance
• R 9 a.m.-12:15 p.m.
• 1.5 points

Foundations of Deal Law

This course is not a traditional business law class. This course is an application-oriented class that provides the business professional with an understanding of certain essential legal concepts that are an integral to anyone embarking on a career which involves public or private company transactional activities.
The purpose of this course is to provide the student with a framework that will enable the student to identify legal issues that arise in various circumstances during the deal process and analyze ways to optimize the desired economic outcomes through an (a) understanding of the likely legal implications of a particular strategy and (b) appreciation of the consequences flowing from the deal structure and documentation. This course will focus primarily on the legal regime in the United States, although the laws of other jurisdictions will be noted where appropriate.
The course is highly interactive – legal principles will be imparted as students seek to identify legal issues arising in actual deal situations. Student class participation is a significant element of the course, accounting for 30% of the student grade.

• Department: Finance
• R 2:20 p.m.-5:35 p.m.
• Instructor: Donna M Hitscherich
  Info
• 1.5 points

Finance in the Age of AI

Employers now use these tools in their daily work, and they expect new hires to arrive with
practical experience rather than general familiarity. They need someone who can produce financial
analysis with AI, who knows where the tools fail on financial data, and who takes responsibility
for the result. That expectation falls most directly on the newest members of a team, and this course
is designed to help you meet it.

At the same time, I hope this course helps you build a “brand” of your own. As AI takes over more
of the analysis, the analysis itself will do less to set you apart as the people you compete with will
have the same tools. What sets you apart will inevitably have to be harder to copy: a story about
what you have done and why, a point of view about where the tools help and where they mislead,
and a reputation as someone colleagues want on their team.

• Department: Finance
• W 9 a.m.-12:15 p.m.
• Instructor: Simon Oh
  Info
• 1.5 points

Cities Disrupted, Cities Transformed

Cities are dynamic centers of human achievement where new ideas are generated, industries flourish, and cultures intertwine. Highly skilled workers, creatives, entrepreneurs, and scientists have long been drawn to these dense urban environments due to social and professional networks, industry clustering and the myriad of cultural and public resources cities offer.  However, the Covid-19 pandemic disrupted the trend towards increasing urbanization as workers emptied urban downtowns and worked remotely. These disruptions have important consequences for city economies and urban and suburban real estate valuations. Cities are now forced to transform once again and re-imagine their future in a world of hybrid work, AI, and climate change.  This course will explore how urban centers are adapting to these seismic challenges and how leaders must reconcile future growth with social and environmental stewardship. This course will explore the process of disruption and transformation using cities as the unit of analysis. It will combine conceptual analysis with real-world strategies pursued by cities such as New York City to effectuate urban regeneration. This includes critical infrastructure underpinning urban mobility, clean energy, and real estate investments in housing, office, industrial and entertainment assets, often through public-private partnerships. This course is meant for MBA students seeking a bigger-picture perspective on the intersection of business and government in the realm of real estate, innovation and infrastructure.

• Department: Finance
• W 6 p.m.-9:15 p.m.
• 1.5 points

SEM-ETHOMUSICLGY:FLD MTHDS II

Prerequisites: MUSI G8412. A study of the theoretical and practical aspects of ethnomusicological field work, using the New York area as a setting for exercises and individual projects.

• Department: Music
• T 4:10 p.m.-6 p.m.
• Instructor: Alessandra M Ciucci
  CULPA: 1 Info
• 3 points

Private Equity

The course "Private Equity" focuses on the essential aspects of corporate finance relevant to the private equity industry.  The course follows the "private equity cycle" of selection, valuation, and harvesting. Initially, students learn to evaluate a target company from the perspective of a private equity firm, keeping in mind the needs of investors and management. The course then delves into financial modeling, deal structuring, PE fund raising and private equity investment management. We will cover the basic LBO model used throughout the industry to structure and value deals.

• Department: Finance
• MW 9 a.m.-10:30 a.m.
• MW 10:50 a.m.-12:20 p.m.
• Instructor: Aamir Rehman
  Info
• 1.5 points

Advanced Private Equity

“Advanced Private Equity” expands on the topics learned in “Private Equity” from a PE investment professional's perspective.  The course follows the private equity cycle from sourcing to exit. With the help of guest speakers from the PE industry, students will learn about the early stages of the deal process: sourcing and diligence. The class will build a complex three-statement LBO model, learning about how modern deals are structured with private credit, management rollovers, and non-traditional capital structure decisions.  The course shifts to the ownership side of PE deals: value creation. We will cover the strategies used by PE owners to grow and improve their portfolio companies, incorporating initiatives into our models.  The course uniquely combines lectures and guest speakers on all topics, where the guest speakers bring applications of all key issues to the classroom.

• Department: Finance
• MW 9 a.m.-10:30 a.m.
• Instructor: Michael Ewens
  Info
• 1.5 points

Private Equity Leverage

This course is targeted for both business and law school students seeking to develop an understanding of the issues involved in raising capital for entrepreneurial ventures as well as emerging growth companies. The course will combine a brief overview of the fundamentals of securities regulation with a practical analysis of the key business and valuation issues to be considered in raising capital at all stages in a companys evolution from startup to IPO. The course will draw from case studies based on the actual experiences of entrepreneurs and companies in their pursuit of growth capital.
FINCB8421

• Department: Finance
• T 2:20 p.m.-5:35 p.m.
• Instructor: Eric Rogoff
  Info
• 3 points

Private Equity Deals

• Department: Finance
• MW 2:20 p.m.-3:50 p.m.
• 3 points

Private Equity Capstone

“Private Equity Capstone” asks students to synthesize their learning, experience, and service during their time at CBS
into a final project. Students identify an area of interest and deliverables before the class starts. They identify a PE firm,
investor, or portfolio company to sponsor their project from their own searches or the PE Program’s network. The
sponsor and student work to refine the details of the project (one of four general options), where the question or issue
is relevant for the sponsor’s current business. The sponsor’s role is to provide the seed of a real-world business or
investment problem faced by a practitioner, while giving the student feedback on the project. The course provides an
opportunity for the student to gain experiential learning beyond internships and networking opportunities.

• Department: Finance
• MW 4:10 p.m.-5:40 p.m.
• Instructor: Michael Ewens
  Info
• 1.5 points

COLLOQUIUM IN DEVELOPMENT

Prerequisites: the instructors permission. Students will make presentations of original research.

• Department: Economics
• F noon-1 p.m.
• 2 points