Economics and International Business (EIB) Courses
EIB B200 Foundations in Financial Accounting and Corporate Finance
An introductory course to corporate finance from the perspective of the chief financial officer (CFO). The first part of the course deals with financial planning and budgeting, financial analysis, and short-term financial management. The second part of the course develops a valuation framework for making investment decisions (capital budgeting) for new equipment, the launch of new products, mergers and acquisitions and LBOs... and the funding/financing decisions to be coordinated with those investment decisions. Special attention is given to the cost of capital and valuing stocks, bonds, convertible and preferred.
Course duration: Full semester
Credits: 3.0
EIB B206 Data Analysis and Statistical Methods
This course provides an overview of classical statistical analysis and inference for business and non-business applications. The goal is to provide you with an introduction to statistical thinking, concepts, methods, and vocabulary. This will give you some tools for dealing with statistical methods you may encounter in your coursework or research while at The Fletcher School, especially “regression analysis,” which is covered at the end of the course. In addition, this section of the course has a particular emphasis on business applications. Students who plan to or have completed B205 are not permitted to take this course.
Course duration: Full semester
Credits: 3.0
EIB B207M Financial Statement Management
Accounting is an economic information system, and can be thought of as the language of business. Accounting information provides individuals with a starting point to understand and evaluate the key drivers of the firm, its financial position and performance. This can then be used to enhance decisions, as well as help predict a firm’s future cash flows. The present (or current) value of those cash flows provides an estimate for the value of the firm. This course will cover the basic vocabulary, concepts, procedures and mechanics of financial and managerial accounting and the role of accounting information in society.
Course duration: Module
Credits: 1.5
EIB B212 Entrepreneurial Leadership: Starting New Ventures
This course takes a global approach to entrepreneurial leadership, drawing on lessons from the Indo-Pacific, Africa, Latin America, the Middle East, and the Arctic Ocean region, including indigenous perspectives on sustainability and entrepreneurship. This course is designed to prepare Fletcher students to develop an entrepreneurial mindset and to launch and nurture their own ventures – including private sector startups, social enterprises, and non-profits, as well as initiatives launched by academic entrepreneurs, policy entrepreneurs, and leaders of “tiger teams” in government agencies.
Course duration: Full semester
Credits: 3.0
EIB B220 Global Financial Services
The focus is on the determinants of competitive performance of financial institutions including commercial banks, insurance companies, hedge funds, investment banks, and private equity firms. Review of bank management principles emphasizes asset liabilities management, interest rate risk management and Value at Risk (V@R). Discussion of international commercial banking will focus on international trade financing, syndicate lending, project finance, and international securitization. Open to students who have completed B200 or B221 or equivalent.
Course duration: Full semester
Credits: 3.0
EIB B221 International Financial Management
This course develops a conceptual framework within which the key financial decisions faced by multinational corporations can be analyzed. The traditional themes of corporate finance, including working capital management, capital budgeting, mergers and acquisitions, and funding strategies, are revisited in the context of volatile exchange rates, different regulatory environments and segmented capital markets. Focus on foreign exchange risk management including the appropriate use of new hedging instruments such as currency options, swaps, and derivatives. Case studies emphasize how international financial management should be integrated with corporate strategy and operating decisions. Open to students who have completed B200 or equivalent.
Course duration: Full semester
Credits: 3.0
EIB B223 Informal and Underground Finance
This course aims to study the role of the informal (off- the-books) and underground (criminal) sectors in the global economy, from multiple perspectives ranging from economic development to law enforcement and global security. In the past decades, the removal of financial controls, combined with technological advances, has allowed deviant globalization (drug trade, piracy, cybercrime, counterfeiting, human trafficking, terrorist financing, etc.) to prosper, creating governance and law enforcement challenges to governments and corporations alike.
Course duration: Full semester
Credits: 3.0
EIB B224 Global Private Equity from Money in to Money Out
This course provides a comprehensive examination of the role of private equity in global finance. It is intended to equip students with an analytical framework for assessing the industry and its key participants and to develop practical skills to support possible investment careers. The course is experiential by design and will be structured around two team-based projects that will engaged students directly in critical dimensions of the private equity finance process: fund development, investment analysis and decision-making. The course will cover the full spectrum of issues relevant to a globally oriented private equity firm from the structure of partnership agreements, through capital acquisition, deal sourcing, investment analysis, deal structuring, and exit. The course approach is intended to unite disciplinary rigor in financial and investment analysis with globally applied practices.
Course duration: Full semester
Credits: 3.0
EIB B227 Islamic Banking and Finance
The course is a comprehensive introduction to Islamic banking and finance. In addition to providing religious and historical background, the course discusses the political and economic context of the creation and evolution of Islamic institutions. The course will explain how Islamic products (murabaha, mudaraba, musharaka, ijara, sukuk, takaful, Islamic mutual funds and derivatives, etc.) work. The final part of the course will discuss Islamic finance in the context of the “war on terror” and the recent global financial meltdown.
Course duration: Full semester
Credits: 3.0
EIB B229 Global Investment Management
This course investigates the global dimensions of investment management. The course combines technical and theoretical tools with practical illustration and application of critical investment concepts. The course will open with an overview of global institutional investors and the business of investment management. Following sessions will focus on developing an understanding primary asset classes, including foreign exchange, global equities, global fixed income securities, alternative investment vehicles, and derivatives. On this foundation, subsequent class sessions will focus on introducing and developing portfolio skills in the areas of risk management, investment performance and attribution, and finally portfolio construction and asset allocation.
Course duration: Full semester
Credits: 3.0
EIB B230 Managing NGOs and Social Enterprises
This course examines how to create, develop and scale high-performing social sector organizations — be they for-profit, nonprofit, or hybrid organizations. In this course, student will learn how to: a) design an organization’s mission, theory of change, and strategy in order to deliver social results; b) develop performance management systems useful for internal learning, while managing complex demands for accountability from diverse stakeholders; c) understand how to scale impact through multiple strategies including growth, collaboration, and policy influence; and, d) examine capital markets and the challenges of obtaining resources. Taken together, students will acquire the understanding, skills and knowledge necessary to lead and sustain high performance in enterprises dedicated to addressing some of the most challenging problems facing the world today.
Course duration: Full semester
Credits: 3.0
EIB B232 The Future of Work
This seminar explores how and why the nature of work has changed dramatically in recent years and what this means for future career patterns. The course has four learning objectives: Provide students with an understanding of key drivers shaping work such as globalization and organizational and technological innovations. 2) Offer students a critical comprehension of how the relationship between workers and management is changing and how this impacts work and company competitiveness. 3) Enable students to assess a range of approaches to improving the nature of work such as skills development and training, programs for reducing race and gender inequality in the workplace, initiatives for improving work-life balance, as well as programs for talent development. 4) Building on the material in the course students should develop concrete strategies to further develop their own careers and preferred management style.
Course duration: Full semester
Credits: 3.0
EIB B233 Productive Knowledge
The seminar encourages and guides the development of new products and practices and the productive knowledge they embody. We focus on advances, by and for the many, rather than elite, star-centric breakthroughs. This ‘multiplayer’ innovation gives ample scope to individuals of widely varying talents, backgrounds, and interests to contribute and benefit. We study eight foundational challenges – such as specifying goals, evaluation, communication, and motivation – and popular techniques used to address these challenges. Complementary case histories show that imagination, patience, perseverance and so on remain indispensable. The cases also highlight the romance of innovation, reminding us that great adventure has great risks and that what’s safe and easy – or just financially rewarding -- is not always uplifting. A final paper co-written by student teams (instead of a final exam) on a noteworthy innovation integrates the lessons.
Course duration: Full semester
Credits: 3.0
EIB B234M Strategic Management in Privatizing and Deregulating Industries
This seminar surveys the literature related to privatization, considering both theoretical perspectives and practice. It also explores current issues shaping debates about how to structure the boundary between public and private sector activity in a comparative and interdisciplinary manner. The seminar examines key concepts and policy issues related to privatization and deregulation, looks at different national experiences, and explores the impact of privatization from an industry perspective. Students should come away from the seminar with a deep appreciation of the challenges confronting executives and policymakers dealing with changes to public sector–private sector boundaries in a variety of different settings.
Course duration: Module
Credits: 1.5
EIB B237 Field Studies in Global Consulting
The goal of this course is to provide an introduction to consulting as it is practiced worldwide and across sectors. Students will achieve this goal by undertaking a consulting engagement for a real-world client. The first part of the course will include an introduction to and practice in the essential skills that form the core of professional development for consultants at top-level firms. Students will then put these skills to the test by completing a team consulting project for a sponsoring organization. Open to students who have completed B200 and/or B291 (or similar courses). Class size will be limited by the number of projects confirmed by external sponsors with a maximum of five projects, or twenty five students, being accepted. Input for the project grade will come primarily from the client project; team self- evaluations will be reflected in individual final grades. Course requires application. Contact the instructor or the TA for more information.
Course duration: Full semester
Credits: 3.0
EIB B238 Strategic Management
Effective strategists can: size up the dynamics of the external environment of a firm, covering its economic, political, and social contexts; take a holistic view across all functions and configure all of a firm’s internal choices to give it a competitive advantage; sustain this advantage over time and leverage it into adjacent business and geographic opportunities; use acquisitions and alliances when these are the more effective approaches to support a strategy; create the right organizational context to execute the chosen strategy efficiently; ensure the continuous renewal of the firm in anticipation of and adapting to its changing environment. The objectives of this short course are to master the field’s core concepts and to build the skills needed to be an effective strategist.
Course duration: Full semester
Credits: 3.0
EIB B238M Strategic Management Module
Effective strategists can: size up the dynamics of the external environment of a firm, covering its economic, political, and social contexts; take a holistic view across all functions and configure all of a firm’s internal choices to give it a competitive advantage; sustain this advantage over time and leverage it into adjacent business and geographic opportunities; use acquisitions and alliances when these are the more effective approaches to support a strategy; create the right organizational context to execute the chosen strategy efficiently; ensure the continuous renewal of the firm in anticipation of and adapting to its changing environment. The objectives of this short course are to master the field’s core concepts and to build the skills needed to be an effective strategist.
Course duration: Module
Credits: 1.5
EIB B240 Sustainable Business Dynamics
Advances in technology, emergent social issues and pressing environment challenges are elevating the importance of corporate sustainability. Independent of the chosen designation (CSR, corporate responsibility, ESG…) an array of stakeholders (including NGOs, employees, consumers, communities, investors, and the planet) are expanding the boundaries of responsibility and elevating expectations for corporate executives. This course provides students with an understanding of the nomenclature, frameworks, and analytical tools needed to effectively integrate sustainability and responsibility into the management of a corporation.
Course duration: Full semester
Credits: 3.0
EIB B241M Inclusive Finance for Low Income Households and Businesses
Explores financial solutions to poverty. We begin by understanding the lives of people living in low-income markets and how they strategize to make the most of their earnings. We then explore inclusive finance as an industry—its suppliers, regulators, and facilitators—and how it has lived up to its reputation as a key strategy for poverty reduction. We examine how the digital world has accelerated financial inclusion, offering up opportunities and challenges for industry actors as well as consumers. The course analyzes a changing industry from a commercial, anthropological, humanitarian, and social service perspectives.
Course duration: Module
Credits: 1.5
EIB B242 Innovation Models for Building Inclusive Businesses
The needs of the global sustainable development agenda are both broad and urgent; innovation models are central to addressing them in a timely, efficient and scalable manner. From promoting inclusive growth to ensuring the longevity of natural resources to addressing issues across the state of the human condition, there are many problems to be solved. Inclusive business - including large MNCs, social enterprises to impact investors - recognize that the private sector will increasingly play a lead role in solving such problems and closing the gaps. Such gaps-closing can cost $3-5 trillion annually, according to some estimates; the value that businesses can unlock while closing the gaps are estimated to be in the range of $12-15 trillion a year. This suggests a macro level business case supporting the mantra of "doing good while doing well." This course will prepare students with a practical micro-level understanding of this opportunity, why the private sector is essential in solving sustainability and inclusion problems, what barriers get in the way of following through on this seemingly compelling logic, and how the solution lies in developing robust and scalable "inclusive innovation" models that overcome the key barriers. The course will help students with a framework for archetypal inclusive innovation models and where to apply them, identify how to specifically construct them and dig into specific models in practical case examples and draw broader conclusions. Graduates of this class will leave with a set of inclusive innovation models that they can apply to their own future organizations - an existing large business, a social enterprise, a start-up they have founded, a client they are advising as a consultant, board member or an investor. They will leave with conceptual frameworks, practical tools and skills and case examples for pattern recognition and practicing analytical problem-solving to apply elsewhere.
Course duration: Full semester
Credits: 3.0
EIB B243M Market Approaches to Economic Inclusion
Examines how commercial, government, and non-profit stakeholders engage market forces in a range of crucial services to improve the lives of low-income customers. We explore strategies that affect sectors such as education, energy, and agriculture as well as approaches to scaling at the last mile, in particular, the use of agents and franchising. The course poses uncomfortable ethical dilemmas that the class will debate. Using lectures, case studies, and human-centered design activities, each class explores a different method of tapping value chains and market ecosystems. Student teams work with "live cases" or real clients to enhance their learning and are expected to present their findings to a panel of judges at the end of the semester. Skills acquired in the course include business design and analysis, client management, and presentation skills.
Course duration: Module
Credits: 1.5
EIB B248 Sustainable Finance and Investment
Designed for students with prior coursework and/or practice in finance and investments and interested in understanding the effects of environmental, social, and governance factors on financial decision-making. These include risks posed to the firm and its stakeholders resulting from such factors, as well as risks posed by the firm to its extended stakeholders. The course is structured as an intermediated seminar, i.e. sessions will be facilitated by lecture slides with active engagement expected. The course will examine key themes and developments in regulation, financial reporting, sustainability assessment (or ratings), investment analysis, and capital sourcing across a range of financial markets and asset types, including public equities, public debt, private equity, and infrastructure. Across asset types, key themes include climate risks and financing climate transition, blended capital and innovations in development finance, and fintech, financial inclusion and democratization. Central to the course design is to examine financial strategies and vehicles as tools to advance sustainability and impact objectives whether at the investor, state, or multinational level. To this end, it will introduce and leverage a variety of analytic tools to understand the basic decision models of sustainable and impact investing.
Course duration: Full semester
Credits: 3.0
EIB B252 Corporate Sustainability in the Age of Globalization
The context for business and society is changing in (at least) four ways: globalization and a lack of global governance; increasing relevance of ESG (environment, social and governance) challenges; rising scale and scope of corporate activities; digitalization and datafication. These changes create new challenges as well as opportunities for business but also for their stakeholders. Stakeholders as diverse as investors, employees, the media, NGOs, and customers often have strong views on how corporations should address these new issues.
Course duration: Full semester
Credits: 3.0
EIB B252M Corporate Sustainability Module
Considers the broad claims of corporate social responsibility (CSR) strengths and weaknesses in a half-semester module. We examine the definition of corporate social responsibility (CSR). How is CSR positioned vis-a-vis related concepts such as sustainability, business ethics, corporate philanthropy, stewardship, corporate citizenship and corporate accountability? Includes an overview of the drivers of the CSR agenda and focuses in particular on the impact of globalization, as well as the criticisms of CSR. Enrollment Limited to MGA.
Course duration: Module
Credits: 1.5
EIB B254 Cross-sector Partnerships
This seminar offers an in-depth overview of cross-sector partnerships. The starting point is that finding solutions to today’s complex social problems must incorporate the resources and expertise of governments, civil society and business. The seminar addresses collaborations between the public, non-profit and private sectors and highlights different forms of cross-sector partnerships such as multi-stakeholder initiatives, public private partnerships, cross-sector social initiatives, cause-related marketing, and event-sponsorship. The seminar analyses conditions for successful cross-sector partnerships as well as some limitations of such programs. The course also addresses how “multi-nationalization” of business can drive the emergence and configurations of cross-sector partnerships. Finally, the seminar emphasizes the growing importance of social impact assessment for cross-sector partnerships. The aim of this course is to arm students with the analytical skills and knowledge necessary to form, evaluate, and critique cross-sector partnerships and decisions about how to engage in such programs for governments, NGOs and corporations.
Course duration: Full semester
Credits: 3.0
EIB B262 Marketing Research and Analysis
This course adopts a comprehensive hands-on approach to designing and conducting research. From classic opinion research to social media analytics, a wide range of contexts, problem areas, and methods are covered that are relevant across disciplines and fields of study. Students will be exposed to the various stages of the research process from recognizing the need for research and defining the problem to analyzing data and interpreting results. Proper design of research methods, fieldwork, questionnaires, and surveys (e.g., online surveys) is covered. Both qualitative (e.g., focus groups, projective techniques) and quantitative approaches (e.g., cluster, discriminant, and factor analysis) are presented. Various analytical techniques are introduced “hands on” via a series of computer exercises and cases (using SPSS and Excel).
Course duration: Full semester
Credits: 3.0
EIB B263M Marketing Management
It is not an overstatement to say that all non-monopolistic companies, NGOs and even government-sponsored organizations live or die by their ability to effectively market their products and services. In today’s hyper-competitive global markets, organizations that excel at identifying their customers, determining how to meet their interests and needs, and delivering an outstanding experience will be the winners. This course will cover six key market functions and responsibilities: understanding the roles and responsibilities of a marketer; segmentation: identifying and targeting your best customers; strategic social media: when, how, what and with who; sales enablement and support; brand strategy; delivering a superior customer experience. We will look at marketing issues facing both private and non-profit sector organizations. All the topics in the course will be discussed in an international context, including the unique issues that marketers face in global markets.
Course duration: Module
Credits: 1.5
EIB B264 Strategic Marketing for Non-Profit Organizations
This course offers a comprehensive coverage of the fundamental issues in marketing and branding in nonprofits. The aim of this course is to arm students with the analytical skills and knowledge necessary to make, evaluate, and critique marketing and branding strategy decisions facing nonprofit organizations in an increasingly global arena. The course addresses how to craft a nonprofit marketing strategy; implement a coherent marketing plan and optimize the use of marketing resources, develop brand identity and positioning statements; leverage brand alliances and partnerships; and perform financial brand valuations.
Course duration: Full semester
Credits: 3.0
EIB B269 China and International Business
International business refers to business activities that involve the transfer of goods, money, information, and/or people across national boundaries. In a truly global economy, such transfers would occur around the world without restriction. Today’s world falls short of such an ideal, but changes in the connectedness of the world economy generate new opportunities and challenges, and in recent years, Chinese companies and Chinese economies have been at the center of many of those changes. This course aims to help students understand the organization, structure, and functioning of several different Chinese economies and companies as well as some of the issues faced by businesses going international. In so doing, it is hoped that the class can assist students in developing their own points of view regarding potential international business opportunities and challenges.
Course duration: Full semester
Credits: 3.0
EIB B272M The Political Economy and Business Environments of Greater China
This course will expose students to similarities and differences in the business environments of Greater China. At the end of the course, students should have a better understanding of Chinese business and the context in which business occurs in Hong Kong, Singapore, the Republic of China (Taiwan), and the People’s Republic of China (PRC). For MIB students, this course is one of the regional course options.
Course duration: Module
Credits: 1.5
EIB B277M Business and Political Economy in Latin America I
Doing business in Latin America is syncretic and complex. In this part I of Business and Political Economy in Latin America, we discuss the characteristics of the business environment that make Latin America a unique place for doing business. This module examines the business environment in Latin America through a multidisciplinary approach weaving business history, political science, economics and international business. We develop a comparative institutional approach to analyze how the political economy of development, hierarchical market economies, political institutions, state capitalism and corruption have shaped business in the region. This course is designed to be hands-on and interactive. While you will be exposed to both classic readings and new empirical research, the dynamics in the classroom will favor interactive group work and case analysis. At the end of this course, you will develop a deeper and multidisciplinary understanding of the business environment in Latin America.
Course duration: Module
Credits: 1.5
EIB B278M Business and Political Economy in Latin America II
Creating and delivering value for customers, although necessary, is not a sufficient condition to establish and sustain competitive advantage in Latin America. Successful business models leverage both the market and institutional environments. While the Part I of Business and Political Economy in Latin America provide a deeper understanding of the institutional environment that has shaped businesses in the region, in this Part II, we draw from strategy, innovation, and the international business literature to take a managerial standpoint and focus on the decisions regarding the strategy and organization of local and foreign multinationals in Latin America. Although highly desirable, the Part I of the course is not a prerequisite to Part II. This course was designed to be hands-on and interactive. While you will be exposed to both classic readings and new empirical research, the dynamics in the classroom will favor interactive group work and case analysis. At the end of this course, you will be familiarized with winning strategies in Latin America, the dilemmas managers face while organizing and strategizing in the region, and will improve your analytical skills to make informed business decisions when doing business in Latin America.
Course duration: Module
Credits: 1.5
EIB B281M Managing Operations and Supply Chains in Global Companies
A management-oriented, case study-based course on how companies design, manage, and measure operations around the globe today. The core topics will be: the exercise of competitive advantage through operational capability; business process design; supply chain management; lean operations; disruptive operations innovations; operations networks and connectivity; talent management; the managerial metrics revolution; etc. Readings and cases will focus on both the operations themselves and the management issues surrounding them.
Course duration: Module
Credits: 1.5
EIB B283 Impact Investing
Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return. As such, they challenge the perspective that social and environmental problems could only be addressed by government, multilaterals, and philanthropy and that market investments should only seek financial returns. As the world faces unprecedented challenges, the impact investing market plays a critical role in providing much needed capital and strategic partnerships to help address the world’s most pressing social and environmental problems. Social issues include access to health care, housing, education, clean water, financial inclusion, and safe work conditions. Environmental challenges include not only climate change, but also biodiversity and sustainable agriculture. This class will focus on impact investing, discerning how it fits among other investing strategies in the broader sustainable investing ecosystem. We will discuss concepts including SRI, ESG, and UN SDGs, debate what is and what is not impact investing, and we will evaluate important tools and resources to measure and manage the social and environmental impact of investments. The format is interactive with a combination of case studies, workshops, lecture, and guest speakers. Goals include: developing fluency on the broader sustainable investing ecosystem, which includes SRI, ESG, UN SDGs, thematic, and impact investing strategies; understanding key characteristics of impact investments and tools to recognize “green-washing” or “impact-washing”; learning the basics of impact management, including industry frameworks, impact measurement tools, different investment vehicles, and best practices. EIB B229 Global Investment Management is a prerequisite for enrollment.
Course duration: Full semester
Credits: 3.0
EIB B291 Leadership: Building Teams, Organizations, & Shaping Your Path
This course explores the fundamental aspects of managing and leading people including: managing one-on-one relationships; influencing team behavior; and motivating and aligning people behind a common vision. It also examines the challenges and tradeoffs in creating a meaningful personal leadership path, especially in the early stages of your career. The course pedagogy is case-method discussion, drawing primarily on cases from the private sector, supplemented with comparative material from the public sector and civil society. This course will provide you with a number of critical concepts and competencies that will be useful in both the short term and long term. It will help you to make the transition from an individual contributor to a manager and, over time, build a career of increasing responsibility as a leader.
Course duration: Full semester
Credits: 3.0
EIB E201 Introduction to Economic Theory
This course provides the foundation of modern economics with an emphasis on its applications. Topics include demand and supply analysis, consumer theory, theory of the firm, welfare economics, monopoly and antitrust, public goods, externalities and their regulation, unemployment, inflation and economic growth, national income determination, monetary and fiscal policy. This is an introductory course for non-specialists.
Course duration: Full semester
Credits: 3.0
EIB E210M Quantitative Methods
This module presents the mathematical methods that are used widely in economics, including logarithms, exponential functions, differentiation, optimization, constrained optimization, and an introduction to dynamic analysis. The mathematical material is presented in the context of economic applications and examples that illustrate the bridge between mathematics and economics.
Course duration: Module
Credits: 1.5
EIB E211 Microeconomics
Microeconomics does not address every question about the economy, but it does provide tools to answer numerous questions about the choices individuals and firms make. The set of tools microeconomics gives you can be used to solve almost any economic problem an individual person or firm faces. In this course, we will start with theories and models, explanations of how things work that help us understand and predict how and why economic entities (consumers, producers, industries, governments, etc.) behave as they do; we will also cover theories and models that help us understand and predict how competitive, oligopolistic, and monopolistic markets work, as well as situations in which markets might not work well (e.g., asymmetric information, externalities, and public goods). To learn the intricacies of the theories and models, we will use the tools of graphs and mathematics. We then use theories and models to look at how people and firms actually behave in real life (including some seemingly noneconomic situations). The interaction between microeconomic theory and the events, decisions, and empirical data from the real world lies at the heart of microeconomics (Goolsbee, Levitt, and Syverson, 2020). Students are required to be concurrently enrolled in EIB E210M, unless they have passed E210M or the Quantitative Reasoning equivalency exam.
Course duration: Full semester
Credits: 3.0
EIB E212M Macroeconomics
Intermediate level course in macroeconomic theory and practice oriented toward industrial economy issues, with explicit, frequent reference to the global economic and financial turbulence of the last five years. Begins with rigorous coverage of national income accounting and definitions of the most important macroeconomic variables. Covers short-run Keynesian underemployment equilibria, money and financial assets, labor markets, inflation, economic growth and technological change, monetary and fiscal policy, the origins of the financial crisis of 2007-08. Includes interpretation of the most important macroeconomic indicators. Prerequisite: Comfort with basic economic principles at level of E201 or equivalent.
Course duration: Module
Credits: 1.5
EIB E213 Econometrics
This course introduces students to the primary tools of quantitative data analysis employed in the study of economic and social relationships. It equips students for independent econometric research and for critical reading of empirical research papers. The course covers ordinary least squares, probit, fixed effects, two-stage least squares and weighted least squares regression methods, and the problems of omitted variables, measurement error, multicollinearity, heteroskedasticity, and autocorrelation. Prerequisites include familiarity with (1) basic probability and statistics (B205), and (2) basic concepts of functions and derivatives (E210m or an introductory calculus course).
Course duration: Full semester
Credits: 3.0
EIB E214 The Practice of Economic Policy Analysis
This seminar teaches skills that enable students to bridge the gap between coursework in economics and the types of economic analysis used in both government and private sector settings. These skills and tools build on material taught in Econometrics. The topics addressed in the seminar include a range of timely and policy-relevant issues in international economics and macroeconomics. The seminar will also focus on the use of empirical analysis for writing concise, effective policy memorandums. Open to students who have completed E213, which may be taken concurrently.
Course duration: Full semester
Credits: 3.0
EIB E217M Managerial Economics
This course is a brief introduction to management issues presented from the perspective of economics. The focus is on the strategic responses a firm can make regarding both its internal organization and its external interaction with both consumers and other firms. Students will learn the role of economic analysis in determining organizational design and developing competitive strategies whether the organization is a for-profit firm or a non-profit enterprise.
Course duration: Module
Credits: 1.5
EIB E219M Economic Theory and Policy
This course applies economic theory to current issues and policy. The course considers various economic modeling strategies, the roles of positive and normative analyses, the relationship between theory and data, models of rational and behavioral economics, welfare economics, externalities and public goods, models of the firm and other types of organizations, and discrimination in national and international transactions and within organizations. The course considers also instruments of government spending and financing, and how monetary policy can affect real economic activity. Course Prerequisites: E201, E211, or permission of the instructor.
Course duration: Module
Credits: 1.5
EIB E220 International Trade and Investment
This course investigates why nations trade, what they trade, and the distribution of the gains and the political economy from trade. Topics include trade and economic growth, technology, the product cycle, multinationals, international labor integration, tariffs, regional economic integration, dumping and international competitiveness of firms and nations. Special attention is given to analyzing the effects of various policy instruments. Open to students who have completed E211, or with instructor’s permission.
Course duration: Full semester
Credits: 3.0
EIB E221M Advanced International Trade and Investment
This seminar presents the analytical economics and political economy of different integration strategies, and then applies these to WTO multilateral initiatives, Brexit, NAFTA, the Trans-Pacific Partnership, Mercosur, and the Trans-Atlantic Trade and Investment Partnership. Other topics this semester include the effects of Covid on trade and investment and international policy cooperation, supply chains and economic welfare, infra-structure and foreign aid, and multinationals and international taxation. The seminar format is a workshop with lectures, student presentations and discussions, a student research paper, and a conference. Open to students who have completed E220, other upper-level economics courses, or with permission by instructor.
Course duration: Module
Credits: 1.5
EIB E230 International Finance
This course examines the determination of income, the exchange rate, and the trade balance in economies that trade goods and services, as well as assets, with the rest of the world. Theory is developed and employed to study current events, as well as historical experience. Issues studied include exchange rate determination, monetary and exchange rate policy, the causes and consequences of external imbalances, international policy coordination, financial crises, and the global capital market. Open to students who have completed E201 or equivalent. E210m is suggested, and may be taken concurrently, but is not required.
Course duration: Full semester
Credits: 3.0
EIB E240 Development Economics: Macroeconomic Perspectives
This course provides an introduction to several central themes in development economics. The organizing framework is pro-poor economic growth. By combining economic models and case studies, one can draw lessons regarding what approaches have worked to alleviate poverty. The course also pays particular attention to situations that have led to economic crises, and develops models of macroeconomic management and structural adjustment. Lectures and assignments presume a background in economics at the introductory level. Open to students who have completed E201 or equivalent.
Course duration: Full semester
Credits: 3.0
EIB E241 Development Economics: Policy Analysis
This course equips students for rigorous economic analysis of development problems and policies. The first half of the course develops tools for studying the decisions, markets and institutions that shape development outcomes. The second half develops an approach to policy analysis that draws on those tools. Students apply the approach in the study of policy questions related to cash and food transfers, agricultural pricing, infrastructure, education, agricultural technology, microfinance, and health. Emphasis is on rigorous reasoning, careful synthesis of empirical evidence, and effective communication of policy analysis results. Open to students who have completed E201 or the equivalent.
Course duration: Full semester
Credits: 3.0
EIB E242 Development Economics: Micro Perspectives
This course teaches students how to use microeconomic theory and econometric skills to analyze issues in low-income countries, develop policy interventions to address those issues, and measure the impact of such interventions in a rigorous empirical manner. It then addresses the issues that constrain and support development, particularly in sub-Saharan Africa: health and education, labor, agriculture, financial services, and institutions. Open to students who have completed E211 or an intermediate microeconomic theory course. E213 is strongly recommended.
Course duration: Full semester
Credits: 3.0
EIB E243 Food Systems and Policy in Developing Countries
This seminar examines a range of issues relating to food systems, employing tools of economic analysis to understand potential public policy interventions. We will draw on both theory and case studies to understand the determinants of food consumption and production, the role of agricultural marketing, the political economy of agricultural trade and pricing policy, the effects of globalization on food security, as well as the implications of climate change and the role of genetic modification of crops for food security, and the role of agriculture in economic growth and poverty alleviation in developing countries. While cases will be drawn primarily from Asia, Latin America, and Africa, we will also follow Ethiopia as a specific case throughout the course. Examining a wide range of challenges in the context of a single focus country will deepen our appreciation of the complexities facing policymakers who confront the full range of multi-dimensional challenges confronting food systems.
Course duration: Full semester
Credits: 3.0
EIB E244 Political Economy of Development Policy: Theory and Practice
Combines economic and political perspectives to develop an interdisciplinary understanding of selected topics in economic development. Each session addresses a particular question that arises as policymakers contend with the dynamic interplay between economics and politics as competing influences on policy choice. How can it be rational for policymakers to adopt policies that harm a majority of their own citizens? In what ways do institutions shape the development process? How does history shape the evolution of institutions? Do elections lead to better or worse policy choices? Does democracy benefit the poor and promote economic growth? Comprehensive answers to these types of questions require a political economy perspective -- one that combines an understanding of the underlying economics with consideration of the interests and political influence of various stakeholders and pressure groups. In addition, a central goal of this seminar is to bridge the gap between theory and practice by providing tools for incorporating political economy perspectives into development policy analysis.
Course duration: Full semester
Credits: 3.0
EIB E245 Econometric Impact Evaluation for Public Policy and Social Programs
This course will cover econometric impact evaluation theory and empirical methods for evaluating public policies and social programs. The curriculum is oriented toward applied practitioners by focusing on research design and methods most commonly used for establishing causality and measuring the impact (e.g., randomization, matching, fixed effects, difference-in-differences, instrumental variables, and regression discontinuity). Students will learn to critically read, analyze, and evaluate papers using these techniques and implement them in your own research, which potentially leads to the capstone. The topics include a broad array of academic empirical research questions in diverse fields of economics, including labor, education, development, health, and environmental economics. Econometrics (at the level of E213) is a strict prerequisite and may not be taken concurrently.
Course duration: Full semester
Credits: 3.0
EIB E246 Environmental Economics
This course seeks to understand the complex interplay between the environment and human societies. It will highlight the methodological and empirical challenges in this field, emphasizing the need for robust data and innovative research tools. Students will be introduced to a burgeoning stream of environmental economics research that raises compelling questions, such as: How might climate change affect economic growth? How do extreme environmental health conditions like heat, floods, air pollution affect human well-being? How and how well do firms, households, and individuals adapt to extreme environmental health conditions? How do environmental protection measures impact economic development? How do policies designed to encourage economic growth affect the environment? The course aims to explore these questions, fostering an understanding of how policy decisions can both promote economic growth and protect the environment.
Course duration: Full semester
Credits: 3.0
EIB E247 Econometric Impact Evaluation for Development
The course will cover econometric impact evaluation theory and empirical methods for measuring the impact of development programs (including randomization, difference-in-differences, regression discontinuity, and propensity score matching). The curriculum will combine theory and practice. The primary objectives of the course are to provide participants with the skills to understand the value and practice of impact evaluation within development economics, design and implement impact evaluations and act as critical consumers of impact evaluations. Econometrics (at the level of E213) is a strict prerequisite and may not be taken concurrently.
Course enrollment limited to 40 students.
Course duration: Full semester
Credits: 3.0
EIB E253 Climate Change Economics
This course provides an economic overview and analysis of climate change. We will also use the DICE model, a well-known integrated assessment model (IAM) to illustrate and explore key issues in modeling climate change and policy responses.
Course duration: Full semester
Credits: 3.0
EIB E290 Doctoral Seminar in Research Approaches and Methods
Doctoral Seminar in Research Approaches and Methods
Course is for 2nd year EPP students only.
Course duration: First half
Credits: 3.0
EIB 300-399: Independent Study
Directed reading and research for credit, providing an opportunity for qualified students to pursue the study of particular problems within the discipline of Economics and International Business under the personal guidance of a member of faculty. The course may be assigned to a Field of Study according to the topic selected. By consent of the professor and petition.