Course Inventory
TABLE OF CONTENTS
CORE COURSES
Economics (must cover two areas)
Introductory: ECGA 5011--Economic Analysis or ECGA 5500--Financial Analysis
International Economic Relations: ECGA 5510--International Economy Policy
Development: ECGA 5015--Economic Development Policy or ECGA5450--Stabilization Policy in Developing Countries
Political Science (must cover two areas)
Introductory: POGA 5500-- Comparative Political Analysis or POGA 5600-- Analysis of International Politics
International Economic Relations: POGA 6640-- Politics of Global Economic Relations
Development: POGA 6530-- Political Economy of Development
Quantitative Methods (must take one course)
ECGA 6910--Applied Econometrics
Comprehensive Examination (taken during last semester of coursework)
PEGA 0936 IPED Comprehensive Examination
ELECTIVES
PEGA 0910--Maintenance
PEGA 8085--IPED Internship
PEGA 8090--IPED Intern Fellow
Comparative and International Political Analysis
PEGA 5550--The UN & Int'l Security
PEGA 5560--Conflict Resolution
PEGA 6520--International Law & Development
POGA 5500--Comparative Political Analysis
POGA 5600--Analysis of International Politics
POGA 6530--Political Economy of Development
POGA 6550--Politics & Petroleum
POGA 6552--Political Economy of the Middle East
POGA 6640--Politics of Global Economic Relations
POGA 6991--Political Risk Analysis
International Development Studies
Recommended Courses
ECGA 5015--Economic Development Policy
POGA 6530--Political Economy of Development
Practicum Courses
PEGA 6740--Project Accounting
PEGA 6750--Project Management
PEGA 6760--Project Proposal Development
Development Programming Areas
ECGA 5260--Epidemics and Development
ECGA 5415--Gender and Economic Development
ECGA 6440--Community Economic Development
ECGA 6460--Agriculture and Sustainable Development
HAGA 6020--International Emergency Relief
PEGA 5560--Conflict Resolution
SOGA 6500--Population
SOGA 6506--Population Process & Development Issues
Other Electives
ECGA 5020--African Economic Development
ECGA 5255--Environmental Economics
ECGA 5450--Stabilization Policy in Developing Countries
ECGA 5540--Emerging Markets
ECGA 5541--Emerging Markets: South Africa
ECGA 6470--Economic Growth and Development
PEGA 5550--The UN & Int'l Security
PEGA 6520--International Law & Development
POGA 5500--Comparative Political Analysis
POGA 6550--Politics & Petroleum
POGA 6552--Political Economy of the Middle East
SOGA 5520--Development & Cultural Change
SOGA 5525--National Identity & Development
SOGA 5807--Globalization and Its Discontents
INTERNATIONAL BUSINESS AND FINANCE
Recommended Courses:
ECGA 5500--Financial Analysis
ECGA 5570--Global Financial Markets
ECGA 5551-- Domestic & International Banking
Practicum Courses
ACGB 6111--Fundamentals of Accounting
or PEGA 6740--Project Accounting
PEGA 6750--Project Management
PEGA 6760--Project Proposal Development
Other Courses:
CSGA 6950--Algorithms and Data Analysis
ECGA 5040--Strategic Financial Management
ECGA 5540--Emerging Markets
ECGA 5541--Emerging Markets: South Africa
ECGA 6240--Financial Economics
ECGA 6560--International Finance
ECGA 6950--Financial Econometrics
FNGB 7460--Portfolio Management
FNGB 7431--Options & Futures
FNGB 7433--Fixed Income Analysis
POGA 6991--Political Risk Analysis
INTERNATIONAL AND DEVELOPMENT ECONOMICS
Recommended Courses:
ECGA 5510--International Economy Policy
ECGA 5515--International Monetary Policy
ECGA 6910--Applied Econometrics
Other Courses:
ECGA 5015--Economic Development Policy
ECGA 5020--African Economic Development
ECGA 5255--Environmental Economics
ECGA 5260--Epidemics and Development
ECGA 5415--Gender and Economic Development
ECGA 5450--Stabilization Policy in Developing Countries
ECGA 5500--Financial Analysis
ECGA 5540--Emerging Markets
ECGA 5541--Emerging Markets: South Africa
ECGA 5551--Domestic and International Banking
ECGA 5570--Global Financial Markets
ECGA 6240--Financial Economics
ECGA 6440--Community Economic Development
ECGA6460--Agriculture and Sustainable Development
ECGA 6470--Economic Growth and Development
ECGA 6510--International Trade
ECGA 6560--International Finance
ECGA 6950--Financial Econometrics
Foundational Courses
ECGA 5011--Economic Analysis
ECGA 5710--Mathematics for Economists I
ECGA 6010--Price Theory I
ECGA 6020--Macroeconomic Theory I
ECGA 6910--Applied Econometrics
INTERNATIONAL BUSINESS AND FINANCE ADVANCED GBA CERTIFICATE COURSES
Prerequisite Business Courses
PEGA 6740 Project Accounting
or AC6111 Fundamentals of Accounting
ECGA 5570 Global Financial Markets
or ECGA 6240--Financial Analysis
or FN6411 The Financial Environment
IC6910 Information Systems
MK6710 Marketing Management
International Business Courses
AC7136 International Accounting
CM7537 Coping With Global Corporate Crisis
FN7421 Principles of Modern Finance
FN7443 Multinational Investment Analysis
FN7451 Financial Management of Multinational Companies
FN7455 Global Finance
FN7458 Contemporary Issues in Global Finance
IC7989 ICS in the Transnational Firm
MK7750 International Marketing
MG7635 International Dimensions of Business
COURSE DESCRIPTIONS
PEGA 0910--Maintenance
All students must be in continuous enrollment until they complete their degree. If for some reason you are unable to take courses during a particular semester, then you are required to register for maintenance. If it is because of medical emergency or similar reason, then you should request a leave of absence from the IPED Director.
PEGA 0936--IPED Comprehensive Examiantion
In addition to the required course work, the IPED MA also requires the passing of a comprehensive examination. The IPED Comprehensive Examination is taken during the last semester of course work. The material tested on the Comprehensive Exam is taken from the Core Economics and the Core Political Science courses. See copies of recent comprehensive examinations for more details.
PEGA 8085--IPED Internship (0.5)
All students without relevant professional experience must complete an IPED internship. Normally part-time students are excluded from this requirement. A first-hand experience of an international career in the business, government, or the non-profit sector often provides invaluable practical training needed for job placement. Students may do up to two internships for credit. While optional, students who already have relevant practical training may nonetheless wish to do an internship for credit or not-for-credit.
Before registering for an internship, a student must have completed 18 credits and be in good academic standing. The IPED Director or designee must approve and monitor all internships for credit. Internships for credit must be with an approved international and/or developmental organization. Such organizations include international banks and businesses, the United Nations and its associated organizations, US and non-US governmental agencies with international responsibilities, non-profit international development and human rights organizations, and international news media. Six to eight week overseas language immersion programs with a home stay can also qualify as an internship when language competency is deem important for a particular career path. Given the wealth of internship opportunities available in New York, students are encouraged to use their own initiative and the resources of the IPED Career Office to find and design their own internships best suited to their career goals. During the summer, students are urged to explore internship possibilities in Washington, D.C. and outside the United States.
PEGA 8090--IPED Intern Fellow
Working closely with our alumni, the IPED program also sponsors an Intern Fellowship Program. Matriculated students in good academic standing may apply for a number of specially designated internships in the private sector (usually in the financial services sector), in government (both US and UN), and in the non-profit sector (both international development and human rights). While internships may be repeated, intern fellowships are only available on a competitive basis and can only be done once. If selected for an IPED Intern Fellowship, you will register for PEGA 8090 IPED Intern Fellow in place of PEGA 8085 IPED Internship and thereby be exempted from any tuition charges related to your internship. The IPED Program also funds a number of summer internship stipends. Visit Intern Fellowship Program for more details.
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Economics
CSGA 6950--Algorithms and Data Analysis (3)
Algorithms and Data Analysis is a computer science course that will give you the needed skills to handle and manipulate the very large data sets that are the norm in finance. This course, when taken along with either ECGA 6910 Applied Econometrics or with ECGA 6950 Financial Econometrics, completes the course requirements for the Advanced Certificate in Financial Econometrics and Data Analysis.
ECGA 5011--Economic Analysis (3) Burke
A survey of economic theory intended to prepare IPED students, who lack intermediate level undergraduate training in both microeconomics and macroeconomics, for IPED's other core courses in economics.
ECGA 5015--Economic Development Policy (3) Schwalbenberg
Using economic methodology, this IPED core course examines the interaction between political and economic institutions in the determination of economic policy in developing countries. Topics covered may include unemployment and urban bias, equity, agraian reform, trade reform, demographic change, foreign aid, and north-south capital flows. Prerequisite: ECGA 5011; ECGA 5510 is recommended.
ECGA 5020--African Economic Development (3) Themeli
This course will help you develop an understanding of the economic problems of Sub-Saharan Africa, the trade patterns and financial relationship of Africa to the rest of the world. With examples, application and country case studies, the course covers major development challenges and the possible solutions, the growing influence of African economies in industrialized and developing countries as well as future prospects.
ECGA 5040--Strategic Financial Management (3) Rengifo
The value of the firm under different financial and managerial structures. Current research is surveyed to determine how investors interpret various financial arrangements such as dividend policy, taxes, and stock offerings. Specific attention will be paid to information and incentives of each party in a financial contract in the context of structuring the firm, running the firm efficiently, and if all else falls, bankruptcy.
ECGA 5255--Environmental Economics (3)
Uses economic methodology to study various environmental issues. A global perspective is stressed with references made to several international environmental agreements.
ECGA 5260--Epidemics and Development (3) Tassier
The spread of an infectious disease is a social as well as a biological phenomenon. In this course we will study the process of diffusion in social systems paying particular attention to the spread of infectious diseases in developing countries. The course will discuss traditional epidemiological models that assume random mixing in a population as well as newly developed models that directly examine how the contact structure of a society influences the spread of a disease. Once we obtain a basic understanding of how diseases spread, we will analyze public policy strategies aimed at stopping or slowing the spread of a disease.
ECGA 5415--Gender and Economic Development (3) Combs
The course draws on material from economics and other social sciences to analyze the social nature of gender and economic development in a cross-cultural perspective. Topics include women's household labor; occupational segregation and earnings; inequality in market work; the intersections of gender, class, race, and ethnicity; women and poverty; family structure; public policy and gender equity.
ECGA 5450--Stabilization Policy in Developing Countries (3) McLeod
This IPED core course studies various stabilization policies chosen by developing countries to adjust to macroeconomic crises (hyper-inflation, volatile exchange rates, capital flight, etc.). Also examines the structural adjustment programs of the World Bank/IMF. Prerequisite: ECGA 5011 and either ECGA 5510 or ECGA 5410 or ECGA 6560.
ECGA 5500 Financial Analysis (3) Buckley
This course approaches financial asset pricing from the point of view of modern portfolio theory. Students will study the relevant theories, including Capital Asset Pricing Model, Arbitrage Price Theory, and the Efficient Markets Hypothesis, as well as approaches to pricing options and futures. The course satisfies for IPED students the GBA certificate prerequisite of FN6411 Financial Environment. It is designed to complement topics covered in ECGA 5551 Domestic and International Banking and in ECGA 5570 Global Financial Markets to better prepare students for the first level of testing to become a Chartered Financial Analyst (CFA).
ECGA 5510--International Economic Policy (3) Schwalbenberg
Using economic methodology, this IPED core course examines the interaction between political and economic institutions in the determination of international economic policy. Topics covered may include: trade theory, protectionism, strategic trade policy, sanctions, trade wars, international macroeconoimcs, exchange rate regimes and macroeconomic coordination. Prerequisite: ECGA 5011.
ECGA 5515--International Monetary Policy (3) Hepp
International Monetary Policy builds on basic macroeconoics concepts by placing them in an international framework. It develops an open economy model to do short run and long run static analysis. Expectations are introduced to develop a dynamic analysis. The course concludes by looking at exchange rate policy, the European Monetary System, and the challenges of international monetary policy cooperation.
ECGA 5540--Emerging Markets (3) Schwalbenberg
Intended primarily for IPED students, this course explores the dynamics of emerging financial markets in Africa, Asia, Eastern Europe, and Latin America. Complimenting and expanding upon the skills learned in POGA 6991 Political Risk Analysis, students learn how to prepare a country study regarding their country's leading macroeconomic indicators, the stability of its foreign exchange market, and the likely returns and risks associated with its stock market. Real time data is obtained from the university's Bloomberg Terminal and the internet. Additional data is available from standard written and CD ROM statistical sources. Students are taught how to analyze this data using standard statistical software to forecast trends as well as to estimate returns, volatility and cross correlations. An optimal portfolio of equity investments in emerging markets is estimated. interested in analyzing the dynamics of emerging financial markets in Africa, Asia, Eastern Europe, and Latin America.
ECGA 5541--Emerging Markets: South Africa (3)Themeli, Schwalbenberg
Intended primarily for IPED graduate students and advanced undergraduates, this course enables students to analyze the dynamics of a particular emerging market: South Africa. The course is offered each August in South Africa at the University of Pretoria and will include students from Pretoria. Students will collect and analyze economic and financial data on South Africa and compare it with similar data on other emerging marketsaswell as with more established markets. In addition, students will have the opportunity to interact with South African business, labor and government representatives as well as with US business and government representatives. At the end of the course students will attempt to determine the prospects for foreign equity investment in South Africa. The course includes exciting field trips to important South African political, economic and business institutions: Johannesburg Stock Market, the Development Bank of Southern Africa, the South African Reserve Bank, the South African American Chamber of Commerce, etc. In addition we will also have the opportunity to visit cultural and tourist sites in Cape Town, Soweto, and Pretoria City. The course concludes with a three day Safari to Kruger National Park. Students with a high grade point average and who intend to use this course to prepare a Fulbright application should also apply for a Summer Matteo Ricci Fellowship to help cover some of the costs of this trip.
ECGA 5551--Domestic and International Banking (3) Burke
A survey of domestic and international banking activities and regulations; foreign exchange futures and options; foreign exchange rates; Eurocurrency markets; interest rate swaps; US banking regulations; hedging foreign exchange and interest rate risk; financial innovation. The course is designed to complement topics covered in ECGA 5500 Financial Analysis and in ECGA 5570 Global Financial Markets to better prepare students for the first level of testing to become a Chartered Financial Analyst (CFA).
ECGA 5570--Global Financial Markets (3) Buckley
An examination of financial markets in developed and developing countries. The course describes the markets and regulatory structures in which firms operate to raise funds and the types of financial instruments used. Attention is paid to sources of risk investors face domestically and internationally and the pricing of that risk. The course also looks at how firms operate under the financial constraints of a developing economy as well as how the financial system itself may play a role in affecting the rate of development. Satisfies for IPED students the GBA certificate prerequisite of FN6411 Financial Environment. It is designed to complement topics covered in ECGA 5551 Domestic and International Banking and in ECGA 5500 Financial Analysis to better prepare students for the first level of testing to become a Chartered Financial Analyst (CFA)..
ECGA 6240 Financial Economics (3) Rengifo
This course approaches financial asset pricing from the point of view of modern portfolio theory. It is more mathematically advanced than ECGA 5500 Financial Analysis.
ECGA 6440--Community Economic Development (3) Mani
Using the analytical tools of household economics, this course studies how families confront various problems typically found in developing countries. Issues covered in the course include but are not limited to: microfinance, healthcare and education. This course also cover various assessment methodologies used to evaulation development projects that address these various issues.
ECGA 6460--Agriculture and Sustainable Development (3) Mitra
This course begins with an examination of the economics of agricultural production and food security. It also examines sustainable rural development strategies to eradicate poverty. Other issues covered may include agriculture and international trade, food and agricultural policy, as well as the environmental aspects of agricultural markets.
ECGA 6470--Economic Growth andDevelopment (3) McLeod
Growth models and statistical evidence are surveyed to determine what causes growth rates to vary among countries and over time. Topics include the sources of economic growth, growth with balance of payments adjustment, capital inflows and growth, and North-South growth models. Prerequisites: Economic Development Policy and Applied Econometrics or the equivalent.
ECGA 6510--International Trade (3) Karacaovali, Salvatore
Absolute and comparative advantage; factor price equalization and important trade theorems; empirical tests of the Leontief Paradox; factor growth, technical progress in a simple, open economy; tariffs in large and small countries; effective protection; theory of second best; theory of customs unions.
ECGA 6560--International Finance (3) Hepp, Salvatore
Balance of payments; foreign exchange market; nature,disturbance, and readjustments of the balance of payments; capital exports and the theory of transfer; development of international economic institutions and the world economy; flexible exchange rates; purchasing power parity; covered interest arbitrage; short-term capital movements and the efficiency of the foreign exchange market.
ECGA 6910--Applied Econometrics (3) Mani, Combs
Basic techniques of econometric theory up to use of multiple regression using cross sectional and times series data. Applications relevant to international economics, business and finance are covered. Computer work using the SAS statistical package will be assigned.
ECGA 6950 Financial Econometrics (3) Rengifo
This course teaches the basic methods of applied econometrics for use in finance. This course therefore has a heavy focus on techniques used in the analysis of time-series data.
PEGA 6740--Project Accounting (1) Schwalbenberg
This practicum course is a one-credit, four week long, hands-on review of basic accounting concepts. Students will be able to produce income statements, balance sheets, and cash flow statements. They will also learn the basics of financial statement analysis. This course is designed to help project managers working for international development organizations as well as economic and business analysts working in the government or the private sector.
PEGA 6750--Project Management (1) Schwalbenberg
This practicum course is a one-credit, five week long, hands-on review of the major management tools used in results-based project management. These tools include causal (decision trees) analysis, stake holder analysis, SWOT (strengths, weaknesses, opportunities, and threats) analysis, logical framework analysis, work breakdown structure, Gantt charts, as well as the use of MS Project computer program to conduct several of these analyses. At the conclusion of the course a student will be familiar with the standard tools used to design, implement, manage and evaluate projects.
PEGA 6760--Project Proposal Development (1) Schwalbenberg
This practicum course is a one-credit, four week long, hands-on review of the development of both the written and the oral presentations of various project proposals. The course includes a visit to the Foundation Center in New York and draws heavily on materials developed by the Foundation Center. At the conclusion of the course a student will be familiar with the basic components of a written report, inlcuding executive summary, statement of need, project description, budget, organizational information, and conclusion. In addition students will further develop their oral presentation skills and have a basic knowledge of the resources available from the Foundation Center. This course may be audited for free if the student uses it to prepare an application for a prestigious outside award or fellowship.
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Political Science/History
HAGA 6020--International Emergency Relief (3) Garcia
The course will be centered on presenting, discussing and reflecting the main questions faced by the humanitarian community, examining these issues from a multidisciplinary approach, finding new and creative answers, and recommending practical tools to improve the effectiveness of humanitarian action. The meaning, methodological challenges, and ethical dilemmas of humanitarian action will be cross themes of the course so that by the end of the program, the students should have: an understanding of the main challenges and dilemmas facing the international humanitarian community through its practice in the field; a comprehensive knowledge of the history of the humanitarian practice, its main actors, and terms-relations in place to configure the landscape of the complexity around this profession; a creative approach to discover the relationship between humanitarian response and the long-term development perspective; an appreciation of the complexity of this human reality in a specific case study; and the ability to identify the main ethical dilemmas faced by any humanitarian response.
PEGA 5550--The United Nations and International Security (3)
The course will examine the concept of international security, including the threat posed by global terrorism; the role that the United Nations, particularly the Security Council, plays in the maintenance of international peace and security; and current UN efforts to promote peacekeeping and post-conflict institution-building. Topics for consideration will include: assessment of current threats to international security, evolution of UN peacekeeping, the effectiveness of multilateral sanctions as a policy tool, and the role of the UN in the post-Cold War era. Emphasis will be on active class participation, including a mock negotiation exercise.
PEGA 6520--International Law and Development (3)
A review of international law and its relevance to development issues. Special attention is given to international organizations, human rights, and environmental issues.
POGA 5500--Comparative Political Analysis (3) Entelis
Problems of stability and change in the First, Second, and Third Worlds are examined with relation to socioeconomic factors that affect, and are affected by, institutions, processes, and policies. This is primarily a lecture course with exams.
POGA 5560--Conflict Resolution (3) Labonte
Conflict Resolutionin the 21st Century -- Assessment of Theory and Practice will focus on the nature of international and regional conflict during the post-Cold War period in terms of both current theory and the reality of recent conflict situations. Readings and other course materials will be drawn from several disciplines, including political science and social psychology. Topics will include: analysis of the causes of contemporary conflicts; assessment of current international and regional approaches to conflict resolution; psychological implications of civil and ethnic conflicts; challenges of multiparty international mediation; and, consideration of the role played by international and regional institutions in addressing conflict situations. Particular emphasis will be placed on what theories and ideas actually work when put into practice. Students will be expected to draw upon assigned readings and other materials to participate actively in class discussions.
POGA 5600--Analysis of International Politics (3) Andrews, Rennstich
Designed to stimulate and clarify our theorizing about foreign policy and global politics; also it presents a critical overview of many of the key perspectives and problems that characterize such analysis
POGA 6530--Political Economy of Development (3) Berger
The course and critically examines various contending political theories and interpretations of the process of economic development. Case studies from Africa, Latin America and Asia are incorporated into the class.
POGA 6550--Politics and Petroleum (3) Entelis
Examines the global and regional politics associated with the production, trading, and consumption of petroleum. Because of its critical importance in the functioning of the global economy, the geopolitics of petroleum have assumed a highly significant role in the maintenance of a stable international political order. Petroleum also has broad political consequences in the domestic political orders of most countries throughout the world. This course combines lectures with a research/writing project.
POGA 6552--Political Economy of the Middle East (3) Entelis
Comparative analysis of Middle Eastern actors, institutions, and processes since World War II, paying special attention to the role of international forces in shaping national development and to the role of the Middle East as a major international actor and arena. This course combines lectures with a research/writing project.
POGA 6640--Politics of Global Economic Relations (3) Crystal
Implications of growing intertwinement of foreign and domestic policies, economic and political aspects of international relations. Special attention to the growth of dependency and interdependence, importance of transnational actors (such as multinational corporations), and distribution of benefits and influence between poor and rich areas in the international order.
POGA 6991--Political Risk Analysis (3) Entelis
This course is primarily a research/writing course that culminates in an original paperwhere you will be required to analyze the political risks associated with a country of your choosing. While there will be only a minimal number of lectures, the instructor will serve as your individual mentor as you develop and present your paper. As part of the process of writing this paper you will study methods used to assess and manage the political risks associated with foreign investment and international business; learn how to assess the domestic political climate of a country by examining factors such as the levels of political violence, the stability of the government, and the existence of political democracy, and make an overall assessment of a country's economic climate by evaluating key macroeconomic indicators. You will also learn the importance of studying the foreign relations of a country in order to evaluate the likelihood of any conflict it might have with its neighbors.
Sociology
SOGA 5807--Globalization and Its Discontents (3) Bush
This course examines the relationship between culture and globalization. In particular, we will examine the ideological underpinnings that support globalization, such as rationalism and consumerism, as well as alternative ideologies and social movements, both religious and secular, against globalization in its current forms. In addition to cultural and ideological content in its own right, considerable attention will be give to the institutional structures through which competing ideologies proliferate. Among the more obvious are information and communications technologies such as television and the internet. But we also will examine less obvious “culture carriers” such as religious groups, development organizations and international institutions.
SOGA 5520--Development & Cultural Change (3) Benavides
The course will assess the impact of development on both local cultures as well as on the intricate system of the global economy. For this endeavor we will particularly, although not exclusively, focus on Latin America and Caribbean scenarios. The course will also address issues of westernization and loss of cultural authenticity, the impact of capitalist and alternative economic strategies, and the role of first and third world nationalism.
SOGA 5525--National Identity & Development (3) Benavides
The course will explore the manners in which the development discourse is interrelated with contemporary issues of nation building and identity production. In this regard, we will look closely at third world countries whose identities have been closely aligned to issues of national development, globalization, post colonial politics and national liberation movements. A large emphasis will also be placed upon the development dynamics between first and third world nations themselves, and how this political discourse actively contributes to contemporary forms of social movement and identification in both geographical locales. Within this larger paradigm of development and nationalism, issues such as radicalization, ethnic cleansing, fundamentalist movement, NGO's and the human rights agenda will also be addressed.
SOGA 6500--Population (3)
Determinants and consequences of changes in the basic demographic variables: fertility, mortality, and migration. Composition and distribution of population throughout the world with emphasis on the relationship between population, development, and other social, economic, and political forces.
SOGA 6506-Population Process and Development Issues (3) Heisel
This course surveys several of the many development issues that are affected by population change. Issues covered change from year to year but could include HIV/AIDS, migration, refugees, employment, etc.
OTHER FOUNDATIONAL COURSES IN ECONOMICS
ECGA 5710--Mathematics for Economists I (3) Mitra
Introduction to linear algebra and differential calculus, as used in economics. Topics include matrix algebra, determinants, solution of systems of linear equations, differentiation, single variable optimization, and an introduction to multivariate and constrained optimization.
ECGA 6010--Price Theory I (3) Salvatore
Methodology, theory of consumer behavior and demand, theory of production and supply, determination of product and factor prices under varying market structures, welfare economics.
ECGA 6020--Macroeconomic Theory I (3) Francis
Classical, Keynesian, and contemporary analysis of income, employment, and price determination; rational expectations in macro models; dynamics of inflation and inflationary expectations.
BUSINESS COURSES
PREREQUISITE COURSES
AC6111 Fundamentals of Accounting (3)
This is the core course in accounting required of all GBA students in every concentration. As the language of business it is necessary that a graduate student have an appreciation of accounting as it is used to provide information to (1) stakeholders outside the business enterprise (e.g. shareholders, creditors, suppliers, customers, government.) - Financial Accounting, as well as (2) stakeholders inside the business enterprise (e.g. top management and middle management in marketing, management, finance, taxation). This course will give all students insights into the manner by which accounting information can be used to measure the results of business operations. Students requiring more depth in accounting knowledge can select electives in financial and/or managerial accounting as their advisors suggest.
FN6411 The Financial Environment (3)
Introduces the key concepts in the field of finance and the environment in which they are applied. Students learn how to gauge the financial health of companies and to measure and understand financial return in relation to risk. The course also surveys the uses and characteristics of different financial instruments and the function and operation of globalfinancial markets. IPED students may take ECGA 5570 in place of this course.
Prerequisite: AC6111. (IPED students may take FN6411 simultaneously with AC6111.)
IC6910 Information Systems (3)
Information technologies continually change the basic ways of doing business. This course is designed to prepare students to meaningfully participate in business dialogues and decisions that involve, or could profit from involving, information technologies. Topics include managerial uses of information technologies, computer fluency, implementing projects organizationally as well as technically, technology adoption and organizational learning.
MK6710 Marketing Management (3)
Introduces the fundamental concepts and processes essential for marketing goods and services in today's competitive environment. These include researching, segmenting and targeting markets and developing a marketing mix: the combination of product, pricing, distribution and promotion strategies needed to sell a product efficiently and successfully. Issues and variables covered include consumer behavior, government regulation, marketing research, product planning, personal selling and international marketing.
Prerequisite: BE6220. (Waived for IPED students.)
INTERNATIONAL BUSINESS COURSES
AC7136 International Accounting (3)
The objective of the course is to provide the students with an understanding of the accounting problems and issues encountered by multinational corporations (MNCs) operating in an international environment. Most businesses today, large or small, have customers or clients throughout the world. The course will cover the general problems facing MNCs which will prepare the student to interpret financial statements of MNCs.
CM7537 Coping With Global Corporate Crisis (3)
Profitability, public image, even the survival of corporation executives increasingly depends on how well or badly managers handle public crisis particularly in a global environment. Companies and their CEOs can sink or rise partly on public perception and image. Executives must expect the unexpected - product poisonings, tanker groundings, nuclear accidents - disasters that come without warning. Both instructor and guest speakers share experiences learned by managing public battles, including strategies, flash points, media relations, chain of causality, and often critical personalities. Case studies and class discussion deal with situations such as the ATF at Waco, President Bush as crisis manager during the Gulf conflict, the Chernobyl nuclear accident, and the Exxon Valdez oil spill.
FN7421 Principles of Modern Finance (3)
Provides a conceptual framework whereby both corporate finance and portfolio investment decisions can be viewed and understood in a unified context of risk and return. Examines concepts of valuation, risk and return, diversification, asset pricing and efficient markets.
Prerequisites: ECGA 5570 or FN6411, DG6820. (DG6820 waived for IPED students.)
FN7443 Multinational Investment Analysis (3)
Focuses on investment strategies that encompass international financial markets. The course studies international money markets, the foreign exchange market, forward markets for commodities and financial instruments, and stock and bond markets. Investment alternatives are analyzed under fixed, floating and managed exchange rate regimes.
Prerequisite: FN7421.
FN7451 Financial Management of Multinational Companies (3)
This course focuses on aspects of financial planning for corporations with international operations. Topics studied are managing the firm's foreign currency exposure, financial control of foreign operations, international capital budgeting analysis, managing multicurrency working capital, international cost of capital and capital structure issues, foreign project evaluation techniques, analysis of foreign subsidiary performance and foreign fund management techniques. Particular emphasis will be placed on foreign investment opportunities not normally available to a domestic firm.
Prerequisite: FN7421.
FN7455 Global Finance (3)
Surveys the structure of the international financial environment. Topics studied are world trade and the balance of payments, foreign exchange markets, the long-and short-term determinants of exchange rates and the major international financial institutions. Explores how the international community adjusts to financial shocks and the role of the Eurocurrency markets.
Prerequisite: FN6411; a background in macroeconomics is recommended.
FN7458 Contemporary Issues in Global Finance (3)
Offered occasionally.
Explores current issues relevant to the global financial system, including international commercial and investment banking, and international investments. Emphasizes the underlying conditions and fundamental trends in various sectors of international finance.
Prerequisite: FN6411.
IC7989 ICS in the Transnational Firm (3)
As businesses increasingly operate globally, corporations with transnational business strategies must also develop transnational ICS. Today's managers need to coordinate international telecommunications and IS operations as well as exploit the organizational and economic opportunities ICS creates for businesses that operate globally. The course provides practical guidelines for managers to integrate international business with ICS planning and operations.
Prerequisite: IC6910.
MK7750 International Marketing (3)
Focuses on management practices required to coordinate marketing on a global scale. Emphasizes the processes of adapting to a diversity of foreign marketing environments, planning and implementing international marketing programs and developing human resources. The course is designed to provide both a comprehensive overview of international marketing experience in formulating international marketing strategies.
Prerequisite: MK6710
MG7635 International Dimensions of Business (3)
Modern managers, facing increasingly global markets, must become fully international in their focus, education and managerial expertise. Multinational corporations and transnational cooperative ventures create new managerial challenges and opportunities. The course usescase studies to explore various strategies of participation in the global ecology of business.
Prerequisites: MG6612, ECGA 5570 or FN6411. (MG6612 waived for IPED students.)
OTHER FINANCE COURSES
FNGB 7431 Options & Futures (3)
Examines the institutional aspects of options and futures markets and discusses the strategies of hedgers, arbitrageurs andspeculators. Provides an introductory analytical foundation for pricing futures and option contracts.
FNGB 7433 Fixed Income Analysis (3)
Introduces techniques for valuing fixed income securities. Particular emphasis is placed on discounted cash flow analysis to value corporate bonds, municipal bonds, asset-backed securities, and mortgage-backed securities. Examines the price-yield relationship, the term structure of interest rates, measures of volatility, the price impact of embedded options, and the binomial valuation model.
FNGB 7460 Portfolio Management (3)
Examines portfolio objectives and links them to appropriate investment strategies. The asset allocation decision, equity and fixed income portfolio management, return enhance-ment/risk control techniques and performance evaluation are considered. Comrnercial-level portfolio-optimization software is applied to a range of institutional portfolio
