The course will focus on two aspects of entrepreneurial finance: (1) private equity finance as a way to finance the growth of private companies and the acquisition of larger, established businesses as well as techniques used to create value in and monetize private investments. The part will entail working with 6 cases. (2) Venture Capital finance as a way to finance and to build new innovative firms.
Entrepreneurship, Innovation and Venture Capital
Instructors: Martin Cherkes
Ethics and Economics
Introduction to ethical issues in market exchange, and in laws that regulate it. How ethical commitments evolve, and influence cooperation. The moral dimension of low wages, outsourcing, "fair" trade, price discrimination, and banning sales of sex, blood, organs and other "repugnant" goods. The nature, causes and consequences of economic inequality.
Instructors: Thomas Clark Leonard
Financial accounting is the accumulation of relevant financial data for a firm, and summarizing and reporting this information in a firm's financial statements. This course examines the important accounting rules and conventions used to produce a firm's financial statements (i.e., the balance sheet, income statement, and statement of cash flows) and related disclosures. While the course provides a broad overview of the processes and procedures followed in producing an enterprise's financial statements, the course emphasizes the analysis of financial statements and related disclosures by external users such as investors and creditors.
Instructors: Donal Byard
Advanced asset pricing and corporate finance including a selection from: models of financial crises and bubbles; interaction between finance and macroeconomics, derivative pricing in incomplete markets; tests of asset pricing models and associated anomalies; models of investor behavior; financial econometrics, including tests of asset pricing models and methods for high frequency data. Pre-requisites: ECO 525 and 526 (526 may be taken concurrently).
Instructors: Maryam Farboodi
Foundations of Political Economy
The purpose of this course is to prepare students to do empirical research in political economy grounded on a theoretical analysis of strategic interactions. The course focuses on the estimation of dynamic and incomplete information games in politics, including models of bargaining, strategic voting, strategic information transmission, political agency, electoral competition, and media.
Instructors: Matias Iaryczower
Health Economics II
Examines issues in global health. Specific topics include effects of health on growth and development; health, nutrition and productivity; the relationship between health and height; the relationship between education and health; structural problems in health service delivery in developing countries; and the impact of the AIDS crisis on economic wellbeing; measurement of health and well-being around the world. Prerequisites: PhD-level microeconomics and econometrics.
Instructors: Amanda Ellen Kowalski, David Silver
Industrial Organization and Public Policy II
Theoretical and empirical study of the public regulation and deregulation of rate of return, prices, and entry in public utilities and franchise oligopolies. Theory and practice of antitrust policy is examined, including some elements of antitrust law. In addition, regulation of product quality, advertising, and safety is examined. This course draws heavily on material developed in 541.
Instructors: Adam Kapor, Jakub Kastl
Industrial Organization Workshop
Drafts of papers, articles, and chapters of dissertations or books, prepared by graduate students, faculty members, or visiting scholars, are exposed to critical analysis by a series of seminars organized by field. The chief objectives are for the writers to receive the benefit of critical suggestions, for all participants to gain experience in criticism and uninhibited oral discussion, and for students and faculty members to become acquainted with the research work going on in the department. Third- and fourth-year graduate students are expected to attend; first-and second-year students and faculty members are invited to attend.
Instructors: Jakub Kastl
This course examines the causes and consequences of international trade. We investigate why nations trade, what goods they export and import, and who gains and loses from trade. We then focus on economic and political motives for countries to regulate international trade and examine the economic effects of trade policies. Topics will include the connection between globalization and wage inequality, the effects of the "China shock" on the U.S. economy and politics, the implications of multinational corporations and global value chains, the motivation for trade agreements, and the consequences of recent events such as NAFTA and BREXIT.
Instructors: Gene Michael Grossman
International Trade II
A continuation of ECO 551, with emphasis on current research issues. Topics vary from year to year.
Instructors: Eduardo Morales, Esteban A. Rossi-Hansberg