Global Master of Arts Program (GMA) Courses

GMA B200: Corporate Finance and Global Financial Markets

This International Finance module provides a conceptual and operational overview of corporate finance as it is practiced by financial managers and bankers in the private sector. Four major themes are explored: 1) financial planning and budgeting; 2) financing techniques including securitization and instruments as available from banks and capital markets; 3) Risk management and the use of financial derivatives and 4)  valuation metrics used in selecting among projects, acquiring existing firms, or structuring large-scale project finance. (Fall Term, half semester)

Course faculty: Laurent L. Jacque
Course duration: First half
Credits/Units: 1.5

GMA D210: Leading and Managing Strategically

This module explores the global strategic and managerial challenges that decision-makers increasingly face in both public and private sectors. It attempts to reconcile their evolving role and competency requirements with the new global business imperative. In particular, the module aims at benchmarking best practices from the disciplines of strategy, management, and marketing, and transposing them to the field of action of the “new diplomat”. This reengineering of skills constitutes an invitation to challenge established organizational wisdom and to adopt new strategic and managerial orientation with respect to a variety of issues (e.g., planning, strategy formulation, internationalization, decision-making, human resource management, customer and stakeholder satisfaction, innovation, image persuasion, and knowledge management). (Fall Term, half semester)

Course faculty: Bernard L. Simonin
Course duration: Second half
Credits/Units: 1.5

GMA D211: Foreign Policy Leadership

This module focuses on seven leaders who are known for major accomplishments in foreign policy: Elizabeth I, Napoleon, Woodrow Wilson, Winston Churchill, Mao Zedong, Mikhail Gorbachev and Suleiman I. Each is examined within the context of the pressing international problems of her/ his time and in light of the political science and business literature on leadership. With the complex situations they faced at home and abroad, these leaders provide lessons and models for those who are interested in and aspire to leadership. (Summer Term, half semester)

Course faculty: Deborah W. Nutter
Course duration: Second half
Credits/Units: 1.5

GMA D220: International Negotiations and Leadership

This course explores the processes, rather than specific substantive issues, of international negotiation. Using exercises and simulations, it examines the nature of conflict in the international arena; the special characteristics of negotiation in the international setting; pre-negotiation and the problems of inducing parties to negotiate; negotiation dynamics; the roles of culture and power; and the strategy and tactics of international negotiation. International mediation, arbitration, special problems of multilateral negotiation, and the follow-up and implementation of negotiated agreements are also examined. (Fall Term)

Course faculty: Eileen F. Babbitt, Diana Chigas
Course duration: Full semester
Credits/Units: 3

GMA E220: International Trade

In a time of increasing protectionism and backlash against free trade, understating the underlying logic and potential welfare and distributional effects of international trade is necessary to critically evaluate current policies and discourse. This is a course in international trade theory and policy that aims to equip students with analytical tools to understand and participate in current debates. Topic analyzed include international trade theory, trade instruments (tariffs and non-tariff measures), multilateral and preferential trade liberalization, and the relationship between trade, growth, labor and the environment.

Course faculty: Barbara Ramos
Course duration: Full semester
Credits/Units: 3

GMA E230: International Macroeconomics

This International Macroeconomics module presents frameworks for understanding the linkage of economies to the rest of the world through trade in assets, which accompanies the flow of trade in goods and services studied in GME E220. The open economy is seen to be far more complex than the closed economy assumed in basic macroeconomics courses. After reviewing the cross-border aspects of national income accounting and introducing the financial account (traditionally known as the capital account) of the balance of payments, the module focuses on the shorter and longer horizon determinants of exchange rates, which today involve copious trade in assets as well as goods and services. The frameworks thus adopted are then used to analyze other issues, such as the role of exchange rates in short term national income determination, nations’ choice of exchange-rate regime, how fiscal and monetary policy are affected by openness, the performance of the international monetary system, optimum currency areas (especially the euro zone), and problems more characteristic of developing, than industrial, economies. The module relates the above topics frequently and explicitly to issues of international finance treated daily in the global financial press.

Course faculty: Lawrence Krohn
Course duration: First half
Credits/Units: 1.5

GMA L220: Global Governance: Political Affairs

Global governance is a dynamic, important and increasingly complex dimension of world politics. This course provides an introduction to the field, focusing on the law and practice of global governance institutions in the political and security realms. It is a companion to the Global Governance – Economic Affairs. It begins by exploring alternative theoretical perspectives, drawing on the principal strands of international relations and international legal theory. It then provides an overview of the institutions of global governance: formal inter-governmental organizations (such as the United Nations); informal inter-governmental institutions (such as the G-20); non-governmental actors (both NGOs and business); and so-called public-private partnerships.  The second part of the course is devoted to selected issue areas: collective security, peace operations, nuclear non-proliferation, human rights, sustainable development and global health governance. The course concludes with a session on the legitimacy of global governance its future in these turbulent times. 

Course faculty: Ian Johnstone
Course duration: Second half
Credits/Units: 1.5

GMA L240: Global Governance: Economic Affairs

As globalization has increased due to economic growth and technological change, it has also advanced due to international legal rules that promote globalization. At the same time, globalization has increased the effects of the actions and inactions of one state, and its citizens, on other states, and their citizens. By doing so, globalization has disrupted settled understandings of domestic autonomy, and of the role of international law and international organizations. This course will examine the existing and future relationships between economic globalization on the one hand, and international law and organization, on the other hand.  It will examine these issues in the context of trade, data flows, investment, taxation, finance, and migration, and place them into a broader context.  This course is a companion to the module on Global Governance – Political Affairs. 

Course faculty: Joel P. Trachtman
Course duration: First half
Credits/Units: 1.5

GMA P202: Global Politics

International Politics considers contemporary political and economic developments in the context of their historical antecedents, and weighs divergent interpretations of influential ideas and political and economic developments. The course examines contradictory interpretations of these events and their significance; focuses on "big picture" visions of political-economic developments; and seeks to apprehend the historical, political, economic, and cultural factors behind them. Part I introduces each topic and is intended to raise questions and provoke discussion during the residency period. Part II delves into each topic in greater detail, sometimes by focusing on multi- or supra-national institutions, and sometimes by examining particular regions and countries that exemplify the trends and counter-trends discussed in Part I. (Fall Term)

Course faculty: Jeffrey Taliaferro
Course duration: Full semester
Credits/Units: 3

GMA P215: Global Environmental Diplomacy

In the past 25 years, global environment and resource policy has joined human rights and humanitarian and development issues at the forefront of international policy. Developing sound agreements requires an ability on the part of the diplomat, political leader, corporate decision-maker, or environmental practitioner to understand the scientific basis of the problem, the economic costs of addressing or not addressing it, and the technological and political possibilities for proposed solutions. In this module students will examine a diverse suite of environmental issues ranging from ocean fisheries to forest conservation, all the while examining each issue through the lens of climate change. The module will explore how environmental challenges arise to become part of the international agenda, how environmental treaties are negotiated, and how their implementation takes place in industrial and developing countries. (Spring Term, half semester)

Course faculty: William Moomaw, Charles Chester
Course duration: Second half
Credits/Units: 1.5

GMA P216: Humanitarian Aid

This module will put complex emergencies and humanitarian crises within a global perspective, focusing on key institutional actors in the field of humanitarian aid. The module will analyze the political, economic, and ethical issues raised by humanitarian interventions in war situations and explore the tools available to aid agencies to program in crisis situations. Building primarily on experiences in Africa and Asia, the module explores linkages between relief and development as well as looking at the possible long term future of the international humanitarian aid system. (Summer Term, half semester)

Course faculty: Daniel G. Maxwell
Course duration: First half
Credits/Units: 1.5

GMA P217: Poverty and Development

Human security is the wellbeing of people and how that wellbeing is interpreted, mediated and intervened upon the state, global institutions, local civil society, and the private sector. Because it’s such a vast topic, each year we will explore specific themes. This year we focus on Market Approaches to Humanitarian and Development Assistance.  
During the module we will explore how private sector approaches – both legal and illegal – work with state and local actors to strengthen or diminish human security.  We will uncover how commercial, government and non-profit stakeholders engage market forces to distribute a range of products and services to low-income households.  
Each class examines a different approach to tapping the energy of the market to further the goals of human security.  We will see how breakthroughs in the banking and retail sectors have combined forces with investors and anthropologists to understand and serve people at the margins of development. We will drill into innovations in education and agriculture are opening new avenues for previously excluded populations.  

Course faculty: Kim Wilson
Course duration: First half
Credits/Units: 1.5

GMA P240: Global Security and Crisis Management

This course considers crisis management in theory and practice, drawing from the period since World War II. Theories of crisis prevention, escalation, management, de-escalation, termination, and post-crisis management; alternative decision-making theories, structures, and processes; the nature of crisis bargaining and negotiation; and the role of third parties. Special attention will be paid to the role of military force in post-Cold War crisis scenarios. (SpringTerm)

Course faculty: Robert L. Pfaltzgraff, Richard Shultz
Credits/Units: 3