Emerging Markets & Country Risk Analysis
Since the ending of the cold war, private equity investments in emerging financial markets have become a very significant but volatile component of the capital flows into the developing world. Emerging fund managers must not only know the standard tools of financial analysis, but they must also be able to integrate these skills into a fairly sophisticated political and economic framework in order to minimize the difficult risks they face in investing in Asian, African, Latin American, and Eastern European markets. The curriculum for the Advanced Certificate in Emerging Markets and Country Risk Analysis is designed to provide present and future fund managers with such an integrated approach, combining financial, political, and economic analysis in order to better assess the financial opportunities in these markets.
The Certificate in Emerging Markets and Country Risk Analysis is earned by successfully completing POGA 6991 Political Risk Analysis and ECGA 5540 Emerging Markets with a cumulative grade point average of 3.0 (B) or better. Students who lack either two undergraduate courses or one graduate course in finance with grades of B or better, must also complete ECGA 5040 Strategic Financial Management with a grade of B or better.
Program of Studies:
During the ten weeks of the Certificate Program (late May - early August, 2015), all students will enroll in POSC 6991 Political Risk Analysis and in ECON 5540 Emerging Markets.
POSC 6991 Political Risk Analysis, which meets two nights each week (Mondays and Wednesdays, 6 - 9 pm) during the 1st summer session (late May and June), studies the methods used to assess and manage the political risks associated with foreign investment and international business. Students will learn how to assess a country's risk by examining its domestic political climate, its economic climate, as well as its geopolitical relationships with other nations. Each student will be required to analyze the political risks associated with a country of their choosing.
ECON 5540 Emerging Markets, which also meets two nights each week (Tuesdays and Thursdays, 6-9 pm) but during the 2nd summer session (July and early August), provides essential training in the economic and financial analysis of emerging financial markets. It will train students to interpret various macroeconomic indicators, evaluate risks from exchange rate fluctuations, and estimate the potential returns and risks associated with foreign equity investments. Each student will be required to prepare an individual country study evaluating their country's potential prospects for equity investment.
Students who lack adequate preparation in finance will also be required to enroll in ECON 5040 Strategic Financial Management. ECON 5040 Strategic Financial Management is scheduled for the first summer session, late May and June, 2015, and meets two nights each week (Tuesdays and Thursdays).
Please note that the first meeting of POSC 6991 Political Risk Analysis is at 6 pm on a date to be determine, normally during the last week of May, 2015; while the first meeting of ECON 5540 Emerging Markets is at 6 pm on a date to be determine, normally during the first week of July.
For Fordham Students!
We will once again offer ECON 5541 Emerging Markets: South Africa during August 2015 at the University of Pretoria in South Africa. It is the same course as ECON 5540 Emerging Markets but with a focus on South Africa as an emerging market. It can therefore substitute for our New York based course on Emerging Markets and help fulfill the requirments for the Advanced Certificate in Emerging Markets and Country Risk Analysis. ECON 5541 Emerging Markets: South Africa is open only to a select number of students from Fordham Unviersity and the University of Pretoria. In addition to covering the same academic material as our regular course on Emerging Markets, this course will also allow you to meet with various business and government leaders from the South African community. Field trips to the Sourth African Reserve Bank and the Johannesburg Stock Exchange are just two examples. Furthermore, when the academic component of the course is completed, we finish our time in South Africa with a safari to Krueger National Park. If you are a Fordham student interested in this course, please visit the IPED office early in the Spring semester.
If you are a visiting graduate student, be sure to confirm with your home school, and prior to your attendance at Fordham, how much credit you may transfer into your home program.
A key strength of the Certificate Program is its location in New York City. Visiting graduate students are strongly urged to take advantage of their time in New York by doing an internship with a major financial firm or bank. Internships should be worked out prior to coming to New York. Be sure to take advantage of your home school's career placement office. You may also wish to consult the latest edition of Peterson's Guide to Internships. A highly recommended internship would be as a summer analyst with the New York Federal Reserve Bank. Their deadline is January 31. See their web site for more details.
Normally during the last week of May at 5 p.m., Dealy Hall, Conference Room, Room E 530
late May and June, 2015 (5 weeks)
- ECON 5040 Strategic Financial Management (for students with insufficient backgrounds in finance), Tuesdays and Thursdays, 6-9 p.m.
- POSC 6991 Political Risk Analysis (all students), Mondays and Wednesdays, 6-9 p.msss
July and early August, 2015 (5 weeks)
- ECON 5540 Emerging Markets (all students), Tuesdays and Thursdays, 6-9 p.m.