Showing posts with label courses. Show all posts
Showing posts with label courses. Show all posts
Friday, June 11, 2010
Don't Panic
If you have visited the Registrar's course schedule, you will have noticed that ACM 118 has been cancelled for the Fall of this coming year. I am assured that it is scheduled to be taught in the second term (winter 2011). I will let you know if anything changes.
Wednesday, June 2, 2010
New Courses
We have added some new undergraduate courses for next year. I think this list is complete, but I could be wrong. Also, this may be subject to approval by the Faculty Board, so always check with the registrar.
Ec 106. Topics in Industrial Organization. 9 units (3-0-6); first term. Prerequisites: Ec 11, Ec 122 (suggested). The course covers basic topics in information economics, including auction and search models. For each topic, empirical evidence and applications from the internet will be presented. Econometric topics will also be reviewed where appropriate, including estimation of demand functions and instrumental variables. Instructor: Shum. [This is a new description.]
Ec/SS 124. Introduction to Empirical Process Methods. 9 units (3-0-6); second term. Prerequisites: Ec 122. Standard estimators (e.g., maximum likelihood estimators) of parameters in econometric models optimize smooth criterion functions. Inference is typically based on asymptotic approximations which exploit smoothness. New estimators have been developed that optimize non-smooth criterion functions, and for which standard analysis does not apply. This course develops tools needed to do asymptotic inference with such estimators--moment maximal inequalities for empirical processes (standardized averages). We show how to apply these methods to analyze various recent estimators. Instructor: Sherman.
BEM 104. Investments. 9 units (3-0-6); second term. Prerequisites: BEM 103, some familiarity with statistics. Ec 11 recommended. Examines the theory of financial decision making and statistical techniques useful in analyzing financial data. Topics include: portfolio selection, equilibrium security pricing, empirical analysis of equity securities, fixed-income markets, market efficiency, and risk management. Instructor: Gillen.
BEM 111. Risk Management. 9 units (3-0-6); third term. Prerequisites: BEM 103, BEM 105. An introduction to financial risk management. Concepts of Knightian risk and uncertainty; coherent risk; and commonly used metrics for risk. Techniques for estimating equity risk; volatility; correlation; interest rate risk; and credit risk are described. Discussions of fat-tailed (leptokurtic) risk, scenario analysis, and regime-switching methods provide an introduction to methods for dealing with risk in extreme environments. Instructor: Winston.
BEM/Ec 187. Corporation Finance and Financial Intermediaries. 9 units (3-0-6); third term. Prerequisites: Ec 11, BEM 103. The course will cover the institutions, problems, and methods encountered financing business and public enterprises. After reviewing the classical theory of corporation finance, we will consider the information and tax problems facing firms seeking financing, how the need for financial intermediation arises, the process of issuing securities, IPOs, and the sources of financial crises. Implications for both corporate and public policy will be discussed. Instructor: Green.
Ec 106. Topics in Industrial Organization. 9 units (3-0-6); first term. Prerequisites: Ec 11, Ec 122 (suggested). The course covers basic topics in information economics, including auction and search models. For each topic, empirical evidence and applications from the internet will be presented. Econometric topics will also be reviewed where appropriate, including estimation of demand functions and instrumental variables. Instructor: Shum. [This is a new description.]
Ec/SS 124. Introduction to Empirical Process Methods. 9 units (3-0-6); second term. Prerequisites: Ec 122. Standard estimators (e.g., maximum likelihood estimators) of parameters in econometric models optimize smooth criterion functions. Inference is typically based on asymptotic approximations which exploit smoothness. New estimators have been developed that optimize non-smooth criterion functions, and for which standard analysis does not apply. This course develops tools needed to do asymptotic inference with such estimators--moment maximal inequalities for empirical processes (standardized averages). We show how to apply these methods to analyze various recent estimators. Instructor: Sherman.
BEM 104. Investments. 9 units (3-0-6); second term. Prerequisites: BEM 103, some familiarity with statistics. Ec 11 recommended. Examines the theory of financial decision making and statistical techniques useful in analyzing financial data. Topics include: portfolio selection, equilibrium security pricing, empirical analysis of equity securities, fixed-income markets, market efficiency, and risk management. Instructor: Gillen.
BEM 111. Risk Management. 9 units (3-0-6); third term. Prerequisites: BEM 103, BEM 105. An introduction to financial risk management. Concepts of Knightian risk and uncertainty; coherent risk; and commonly used metrics for risk. Techniques for estimating equity risk; volatility; correlation; interest rate risk; and credit risk are described. Discussions of fat-tailed (leptokurtic) risk, scenario analysis, and regime-switching methods provide an introduction to methods for dealing with risk in extreme environments. Instructor: Winston.
BEM/Ec 187. Corporation Finance and Financial Intermediaries. 9 units (3-0-6); third term. Prerequisites: Ec 11, BEM 103. The course will cover the institutions, problems, and methods encountered financing business and public enterprises. After reviewing the classical theory of corporation finance, we will consider the information and tax problems facing firms seeking financing, how the need for financial intermediation arises, the process of issuing securities, IPOs, and the sources of financial crises. Implications for both corporate and public policy will be discussed. Instructor: Green.
Visiting Faculty
One of the ways universities speed the diffusion of knowledge is through the practice of hosting visiting faculty members. Here are some of our visitors for AY 2010–2011.
Rabah Amir, the Eller Professor of Economics of at the University of Arizona, will teach Ec 105 (Industrial Organization) in the winter.
Richard Green is the Richard M. and Margaret S. Cyert Professor of Economics and Management in the Tepper School of Business at Carnegie Mellon University. He will teach a new course, BEM/Ec 187 (Corporation Finance and Financial Intermediaries), in the spring. BEM 103 is a prerequisite.
Chris Shannon, Professor of Economics and Professor of Mathematics at the University of California, will be a visiting Moore Scholar next year, probably in the fall. She will not have any teaching responsibilities.
Ken Winston is the Chief Risk Officer for Western Asset Management. He has a B.S. from Caltech (1973) and a Ph.D. from MIT in mathematics. He will teach a new course, BEM 111 (Risk Management), in the spring. Prerequisites are are BEM 103 and 105.
Rabah Amir, the Eller Professor of Economics of at the University of Arizona, will teach Ec 105 (Industrial Organization) in the winter.
Richard Green is the Richard M. and Margaret S. Cyert Professor of Economics and Management in the Tepper School of Business at Carnegie Mellon University. He will teach a new course, BEM/Ec 187 (Corporation Finance and Financial Intermediaries), in the spring. BEM 103 is a prerequisite.
Chris Shannon, Professor of Economics and Professor of Mathematics at the University of California, will be a visiting Moore Scholar next year, probably in the fall. She will not have any teaching responsibilities.
Ken Winston is the Chief Risk Officer for Western Asset Management. He has a B.S. from Caltech (1973) and a Ph.D. from MIT in mathematics. He will teach a new course, BEM 111 (Risk Management), in the spring. Prerequisites are are BEM 103 and 105.
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