Students will interpret information from companies' public financial disclosures to assess the likelihood of different events or outcomes. The primary objective of the course is to introduce students to current research paradigms on these topics and to identify promising avenues for future research. The focus is on introducing students to key themes in empirical accounting and capital markets research, and to key research designs applied to examine information-related questions.
For detailed information on programs, curricula, and faculty, see the School's web site. If you have an academic-related reason you cannot make the trip, we will assign alternative work. Potential topics include: health reform, health insurance (Medicare and Medicaid, employer-sponsored insurance, the uninsured), medical malpractice and quality regulation, pharmaceuticals, the corporate practice of medicine, regulation of fraud and abuse, and international comparisons. The guest list changes year to year but 2016's list included David Booth, Howard Marks, Martin Chavez, James Manyika, Kevin Warsh, Tom Kempner, and Larry Summers. The pricing component of the course will handle both traditional topics, such as price differentiation, and more modern ones, such as dynamic pricing. This topics-based course will exam a variety of historic and current issues on the political agenda where economics is central to decision making. Students will acquire a conceptual understanding of basic experimental statistics to inform these skills. D.) as well as interdisciplinary degrees in Public Policy (M. Students focus on one of seven discrete areas of study including accounting, economic analysis and policy, finance, marketing, operations information and technology, organizational behavior, and political economy. Instead, there will be a mandatory, all-day class field trip to explore inequality issues in depth and in person on Wednesday, May 24. This course provides the legal, institutional, and economic background necessary to understand the financing and production of health services in the US. In recent years Myron Scholes has given about half the lectures with the other half given by prominent guests. The focus of the course is on pricing mechanisms and the design of marketplaces. Economic issues permeate all that happens in government. How large is the impact of raising prices on sales? Students will learn: how to evaluate claims of causality; how to conduct and analyze experiments and quasi-experiments; the advantages and disadvantages of experiments; how to quantify uncertainty; and what can go wrong in experiments. Finally, students will conduct their own experiments on a topic of their choosing in small groups. This class will analyze the economics of digital platform markets. However, the trip is required unless you have a conflicting class or academic obligation. In the market design component of the course, we will consider such topics as auctions (e.g., designing auctions for selling online advertising slots) and matching (e.g., designing mechanisms for matching students to schools). It is taught by faculty who served at the White House in either the Clinton or George W. Students will also be exposed to how leading companies, researchers, and social innovators strategically deploy experiments. Students will develop their investment idea, articulate their sense of the possible outcomes for the components of the firm's capital structure, and explain how they have assessed the likelihood and valuation consequences of those outcomes. Through lectures, case discussions and the students' real-time analysis of an emerging market firm, this condensed course is structured for students to gain a deeper understanding of the economic pressures behind the value creation, value destruction and valuation process in emerging economies. This course is focused on helping students understand the role boards and board members play in corporate governance and the lives of businesses large and small. The range of applications includes: the structure of managerial performance measures, buyer-supplier contracting arrangements, earnings management, voluntary and mandatory disclosure and financial analysts. The focus of the research we will discuss in this seminar is on global financial reporting. The course features three faculty who will each give a focused look at a given area, introduce students to important questions in that area, key papers in the related literature, and critical aspects of the research designs applied in the area.
The aim is to allow students to conduct independent research on a company, industry, economic context, or financial reporting environment of particular interest. This course examines the unique institutional, governance and transparency issues affecting corporate valuations in emerging markets. Common to these studies is that agents acquire private information that is valuable to other parties. It provides a vehicle for supplementing and integrating your knowledge of basic research tools and methods, as well as an exposure to the dimensions of contemporary research in the field of financial reporting. This course examines selected topics in accounting research.
To assess the probability of corporate events, investors must make judgments about the quality of a company's earnings and assets and understand how accounting policies may influence management's representations.
During economic transitions, debt and equity investors may make significantly different assessments of the quality of a company's earnings, its assets, and its likelihood to meet its debt obligations.
Some students are sponsored by their company, but most are self-sponsored. D) degree program is designed to develop outstanding scholars for careers in research and teaching in various fields of study associated with business education. The class will be co-taught by a GSB labor economist and an advisor to policy makers with decades of business LOGISTICAL NOTE: The class will not meet on May 23 or May 25. This course provides a framework to understand how uncertainty and technology affect the evolution of finance (and businesses generally), and its illustration with heavy emphasis on recent developments and future trends. This course is an Advanced Applications option in the Economics menu. This class will provide students practical skills for measuring impact in business and social enterprise, with a principal focus on evaluating, conducting, and analyzing experiments and quasi-experiments. Students will finish the course with the ability to design, analyze, and skeptically evaluate experiments that can rigorously answer questions like these.
Dual Degree programs are offered with the School of Medicine (M. Participants generally have eight or more years of work experience, with at least five years of management experience. We will also have guest speakers from industry, government, and non-profits.
As such, I expect it will be of primary interest to Ph. students majoring in accounting, finance, and economics.