Course accommodates students pursuing honors research, particularly with empirical focus. Topic of future honors research is student's choice; develop research skills drawn from examples in energy & environment. Format includes empirical replication paper, oral presentations, short written critiques. Subject matter drawn from published research studies in the field of energy/environmental economics (both macro & micro).
Introduces statistical models for financial price and risk. ARMA, GARCH, Value-at-Risk. Covers both theory underlying these models and practical implementation using statistical software (MATLAB). Pre-requisites: MATH202, or 212, or 216, or 221, or 222; and ECON208D, or STA111, or STA130, or STA230/MATH230, or STA250/MATH 342. One course.
Analyzes rise of emerging markets/economies and their new role in the context of global economy. Focus on post-1970s growth of countries such as China, India, South Korea, Chile, Mexico, and Brazil (and/or other countries according to students' interests) with particular emphasis on financial, industrial/trading and institutional aspects, linking such rise to the emergence of vast global economic imbalances and new trend in capital and trade flows of the last decade.
Identifying, measuring, and dealing with risk factors faced by firms in increasingly complex financial system. Course examines major types of financial risks faced by firms and introduces models for measuring, and frameworks for managing risk, and the main tools used in financial risk management, with application to real-world examples and case studies. Assessment of models, tools and frameworks for managing various risks. Attention given to role of public policy in shaping practice of risk management. Pre-requisites: ECON205D and 210D. One course.
Duke-in-NY Finance Program. Introduction to derivatives focused on economic functions as tools for hedging/risk management. Topics include: forwards, futures, swaps, options, parity conditions, binomial options pricing, Black-Scholes formula, financial engineering for risk management Value-at-Risk (VAR). Emphasis on intuition and common sense implementation of technical material. Abuses and potentials for arbitrage profits considered.
Duke-in-NY Financial Markets & Institutions Program. Covers monetary policy/linkages between domestic/global financial markets. Review institutional background: Federal Reserve, European Central Bank, People's Bank of China, IMF and World Bank. Transmission mechanism of monetary/interest rate shocks is outlined. Study of determination of risk premiums on emerging market sovereigns, corporate bonds and equities by various risks. Guest lecturers from NERA, NFL, UBS, Warburg Pincus and other financial institutions. Pre-requisites: MATH202 or 212, STA101 or 111, ECON205D and ECON208D.
Duke-in-NY Financial Markets & Institutions Program. Application of microeconomics theory, such as game theory and industrial organization, to analyze business start-ups and their development. Focus on evaluation of the role of entrepreneurs in the macroeconomy, and the microeconomic performance of young businesses. The effects of government policies and economic fluctuations on entrepreneurs will be addressed, as well as an understanding of the organization and financial structure, development, and allocational decisions of growing entrepreneurial ventures.
Application of microeconomic theory, such as game theory and industrial organization, to analyze business start-ups and their development. Focus on evaluation of the role of entrepreneurs in the macroeconomy, and the microeconomic performance of young businesses. The effects of government policies and economic fluctuations on entrepreneurs will be addressed, as well as an understanding of the organization and financial structure, development, and allocational decisions of growing entrepreneurial ventures. Pre-requisite: ECON201D. One course.
Course allows teams to follow structured process in carrying out analysis aimed at development of complete operating/business plan for new corporate venture. Four major areas form basis of operating plan: core competencies, elements of operating plan, budget, and financing plan. One course.