Prerequisites: SIPA U6400
The course objectives are to introduce the method of cost-benefit analysis and to illustrate the use of cost-benefit analysis for evaluating policy. Cost-benefit analysis is conceptually simple but practically complex, so the course will focus on case studies that illustrate different methodological points. The first part of the course will mix lectures on methodology with focused study of illustrative cost-benefit analyses. The second part of the course will examine more complex case studies. By the end of the course, students should understand the components of a successful cost-benefit analysis and should be able to read and evaluate published analyses.
Prerequisites: SIPA U6300 or SIPA U6400
This course aims to provide an introduction to cost-benefit analysis and the economic evaluation of government or development programs, projects and policies. The course consists of two parts: theory/methodology in the first half of the semester and application of the learned concepts through an analysis of various case studies in the second half. Case studies will cover the full range of possible applications of CBA -from early education, social policy, health, urban planning, transportation and energy to environmental regulations. Case studies will cover both the US and developing country contexts. In the second half of the semester students will be expected to apply what they have learned by carrying out a cost-benefit analysis on a topic of their choice. The project is expected to include all components of a professional CBA - description of policy or program scenarios to be evaluated, compilation and monetization of the main costs and benefits, development of an Excel model including discounting and sensitivity analysis.
Prerequisites: SIPA U6400
The course has two dimensions: theory and policy. In the former, the fundamental models of international trade theory will be presented. Using these models we will try to understand why countries specialize and trade, what determines the pattern of trade (i.e., which country will export which good), and how trade affects relative prices, welfare, and income distribution within a country. The second part of the course deals with issues concerning trade policy. We will compare the effects of and rationale behind the usage of various policy instruments such as tariffs, subsidies, quotas, etc. The political economy of trade policy and trade policy in developing countries will also be covered. Additional topics may be included at a later stage if time permits.
Examines international finance and the institutions and principles governing the functioning of the international monetary system. Among the topics discussed are the structure, operation, and stability of foreign exchange markets, the causes and consequences of international accounts disequilibria, the mechanisms of balance-of-payments adjustment, the merits of different exchange rate regimes, financial crises, the effects of international capital mobility on trade, growth, and employment, and the problem of international policy coordination.
Prerequisites: SIPA U6401 Registration restricted to IFEP students
This is a "methods" course meant to provide students with the analytic tools necessary to think through "real life" international economic policy situations. The class is primarily meant for those interested in working at international financial institutions, the foreign-service, Wall Street, or the financial press. Lectures will, in part, be fairly rigorous though, if the student has taken first year economics, knows basic algebra, and (most importantly) can navigate graphs, he/she will be able to handle the material fairly easily. While theory will at times dominate, its policy relevance will be illustrated through i) l0-minute discussions at the beginning of every class on topical issues; ii) continuous references to recent economic/market episodes meant to illustrate the theoretical material; iii) reading short pieces of Wall Street research that cover timely market topics; and iv) the term paper that will be graded on how well theory and policy are integrated. In terms of topics, the first half of the semester will develop an analytic framework that thinks though the concept of the "exchange rate" in terms of its (short and long term) determinants as well as the interaction between the exchange rate and macro variables such as growth, inflation, and monetary policy. The second half of the semester we will investigate individual themes including exchange rate regimes; BoP crises and contagion; global imbalances and the savings glut; the role of FX in "inflation targeting" regimes; and capital markets and emerging markets finance.
This course deals with how public and non-profit agencies interact with their external environment: how they generate revenue, and develop
brand identity
. The class further discusses the application of private sector marketing techniques to non-profit and governmental organization as well as methodologies and uses of strategic planning in the public sector.
(Spring semester only)
How can the concept of the subaltern translate into medieval contexts? And how might this help us work productively in rethinking periodicity, nationhood, gender, the representation of minority cultures, marginal literatures, the formation of the cannon, gatekeeping (in the profession), and other instantiations of power and lack of representation within medieval studies and medieval literature? Has the “subaltern,” as a methodology (if one can call it that) already been incorporated into the trajectory of the study of medieval literatures, and to what end? This course looks creatively across disciplines, periods, and languages to test subalternity in a wide array of contexts. From Anglo-Saxon poetry to Aljamiado literature (and more), we will look at how the “subaltern” as a concept and, perhaps, as a dynamic practice, might dialogue with other forms of critical thought, including eco-criticism, queer theory, animal studies, object studies, ethnic studies, and African-American studies.
Finance deals with the theory of how households and firms use capital markets to allocate resources over time. The course will equip you with a solid theoretical foundation you can use to evaluate projects, investments and funding decisions. It will further acquaint you with the details of debt, equity and derivatives markets so you can apply your knowledge to practical problems
The purpose of this course is to examine corruption in public life to determine what transformative ethical measures can be taken by the public leader in response. Corruption impedes human rights, sustainable development and humanitarian aid, in addition to the rule of law and the administration of justice. Effective management requires an understanding of soft or relational corruption, including narcissistic leadership, prejudicial culture, complicit loyalty and impassive technocracy. It also requires an understanding of hard, or material corruption, including bribery and gift-giving; evident conflict of interest, such as self-dealt compensation and investment, besides nepotism, cronyism and favoritism; and latent conflict of interest, such as campaign contributions, voter suasion and lobbyist support, in exchange for regulatory loopholes, waivers, earmarks, bailouts, subsidies, permits and contracts, besides perquisites such as honoraria, board directorships and revolving-door career advancements. Expectations for the quality of civil discourse and the integrity of civil society are examined, as are appropriate anti-corruption measures. These include soft measures such as transparency and inclusivity and hard measures such as financial disclosure and whistle-blower protections. The course aims to model the public leader, using ethical building blocks of sensitivity and rationality, among them empathy and authenticity. Local, national and international cases are analyzed to determine how a public leader can remediate corrupt practices to achieve ethical decision making outcomes.
This course provides an introduction to computer-based models for decision-making. The emphasis is on models that are widely used in diverse industries and functional areas, including finance, accounting, operations, and marketing. Applications will include advertising planning, revenue management, asset-liability management, environmental policy modeling, portfolio optimization, and corporate risk management, among others. The aim of the course is to help students become intelligent consumers of these methods. To this end, the course will cover the basic elements of modeling -- how to formulate a model and how to use and interpret the information a model produces. The course will attempt to instill a critical viewpoint towards decision models, recognizing that they are powerful but limited tools.The applicability and usage of computer-based models have increased dramatically in recent years, due to the extraordinary improvements in computer, information and communication technologies, including not just hardware but also model-solution techniques and user interfaces. Thirty years ago working with a model meant using an expensive mainframe computer, learning a complex programming language, and struggling to compile data by hand; the entire process was clearly marked "experts only." The rise of personal computers, friendly interfaces (such as spreadsheets), and large databases has made modeling far more accessible to managers. Information has come to be recognized as a critical resource, and models play a key role in deploying this resource, in organizing and structuring information so that it can be used productively.
This is a Law School course. For more detailed course information, please go to the
Law School Curriculum Guide
at:
http://www.law.columbia.edu/courses/search
Prerequisites:
PHYS W4021-W4022
, or their equivalents.
Applications to atoms and molecules, including Thomas-Fermi and Hartree-Fock atoms; interaction of radiation with matter; collision theory; second quantization.
Prerequisites: SIPA U6401
This course examines the workings and trends in the provision of cross-border wholesale (corporate and investment), retail commercial (individual and small businesses), and private/wealth management banking services. It combines a conceptual examination of the workings of the financial services industry globally with the analysis of real-world strategic decision-making situations faced by banks in response to geopolitical, economic, regulatory, and technological change. Banks selected for closer examination include Citibank, HSBC, UBS, Banco Santander, BofA-Merrill, Goldman Sachs, BNP Paribas, and Deutsche Bank.
Prerequisites: (ECBM E4040) or equivalent.
Regularized autoencoders, sparse coding and predictive sparse decomposition, denoising autoencoders, representation learning, manifold perspective on representation learning, structured probabilistic models for deep learning, Monte Carlo methods, training and evaluating models with intractable partition functions, restricted Boltzmann machines, approximate inference, deep belief networks, deep learning in speech and object recognition.
Project finance is frequently employed in energy investment to allocate risk between major energy companies, entrepreneurs, equity and debt providers, government agencies, and other industry participants. The course will explain how this risk allocation is accomplished through a survey of projects in the various energy sectors: international oil & gas production, LNG export, electric generation both fossil-fueled and renewables, price-hedged and merchant. The objective of the course is to provide participants with a practical grasp of which types of energy projects are suitable for project finance. The following areas will be addressed: business risk analysis, cashflow analysis, and sources of equity and debt capital.
This is a Law School course. For more detailed course information, please go to the
Law School Curriculum Guide
at:
http://www.law.columbia.edu/courses/search
A survey of eighteenth century Russian poetry, prose, and drama in the original. The reading list includes Feofan Prokopovich, Vasily Trediakovsky, Mikhailo Lomonosov, Aleksandr Sumarokov, Aleksandr Radishchev, Gavrila Derzhavin, and Nikolai Karamzin