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RISK |
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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. |