This course examines the global macroeconomic and financial setting of business. It deals with flows of money, interest rates and exchange rates, reserves and debt, and problems of economic management and policy formation--the so-called "monetary" aspects of the global economy. The course is paired with a first-half course taught by Prof. Wilbur Chung, which considers global competitive advantage, trade flows and commercial policies, global direct investment patterns and the operation of multinational firms--the so-called "real sector" issues in the global business environment. The course builds logically toward an integrated open-economy macroeconomic structure, which can be helpful in diagnosing what's going on and how it may influence the management of business firms.

The focus of this course is primarily on determinants of competitive performance in the global financial services industry. It covers a broad range of commercial and investment banking products and activities that are carried out internationally, and addresses the dynamics of competition in international banking, focusing especially on financial structure (ranging from universal banks to specialist financial services firms).


The purpose of this course is to introduce students to a broad range of "non-market" issues encountered by managers and business professionals, and to help develop analytical perspectives for making judgments when such issues arise. The course aims at developing a practical set of ethical norms and reasoning in resolving sticky questions in managerial life, and in establishing workable standards of professional responsibility. In the context of some of these issues, we will illustrate how the legal system (civil and criminal) is used to redress failures of the market economy.

This is an executive MBA course, taught in the TRIUM program, which attempts to provide an integrated view of risk control in a global context and how it impacts on value of the business enterprise. Issues covered in the course are addressed to both the financial sector (commercial banking, securities, asset management and insurance) as well as non-financial firms in their financial and operational domains. The bottom line is an integrated, sensible overview of risk management that is critical for management of any business exposed simultaneously to market risk, credit risk, operational risk, strategic risk, and franchise or reputation risk.


The topic of risk cuts across a range of disciplines, including finance, economics, applied mathematics and actuarial science, strategic and tactical management, as well as various insurance, banking and corporate functions. The intent in the course is to draw on all of these disciplines and managerial roles in order to provide an "integrated" perspective. It concludes with an effort to gain an integrated risk control perspective centered around linkages between the various risk classes -- correlations between the various types of risk exposures and unanticipated correlation spikes.