Courses In: Finance

Environmental, Social, Governance Investing

The most common Mission-Related Investment (MRI) approaches include socially responsible investing (SRI), and environmental, social, and governance (ESG). While private investments generally account for 20% of an institutional investment portfolio, public investments can represent more than 75%.

Financing Inclusive Businesses

This course assesses the role of inclusive business (IB) as a strategy for economic growth, private-­‐sector development and poverty reduction, and the two main IB financing modalities: bank debt and private equity. Analytical frameworks are provided for understanding how IB strategies incorporate and affect the poor as consumers, producers, suppliers, distributors and employees.

Scaling Social Enterprises - Experiential Field Course

This course provides a field opportunity for students to investigate the current practices of a social enterprise and conduct an impact assessment of the enterprise’s work to date. Students will investigate the success factors and challenges of the enterprise and make recommendations for the scaling of business opportunities. These opportunities will be viewed through the lens of social impact, financial return and stakeholder management.

Cost-Benefit Analysis

Cost-benefit analysis (CBA) involves the use of microeconomics to formally assess the costs and benefits of different projects or investments. CBA is required for major regulations in the United States and is frequently used as a key input into major policy decisions. Understanding its advantages and limitations, and being able to distinguish well-conducted from poor analyses, is an important skill for a policy analyst.

Environmental Finance and Social Impact

This course will provide students a thorough understanding of how key environmental challenges can be addressed through innovative financing and investment strategies.  Topics will include an overview of the main financial instruments and the key thematic areas of the growing field of environmental finance.  Students will be introduced to instruments, structures and investment approaches to achieving positive environmental outcomes and impact including, but not limited to private market investments, renewables, climate and green bonds, water investments, and conservation finance.

Advanced Financial and Impact Modeling for Nonprofit and Social Enterprises

Increasingly, as the field of impact investing develops worldwide, leaders in the social field are adopting selected tools from their counterparts in the private sector. One of the most widely used and useful tools is the spreadsheet-based, projection model of an individual enterprise. This course focuses on modeling tools used by nonprofit organizations, social entrepreneurs and other practitioners to develop business strategies and funding approaches, including market-based funding, to scale their work.

Introduction to Structured Finance: Strategies for Municipal, Health and Corporate Finance

This course examines the process by which financing objectives are transformed into municipal bond transactions and other opportunities to utilize structured finance products in the health and corporate finance sectors. The course will center on a case study of an actual bond transaction that financed multiple new money (construction) and refunding projects. We will learn the mathematics underlying financial structure and the governing conventions and vocabulary of structured finance. We will study the instruments of structured finance and how they manifest into structural form.

Social Impact Investment

This course provides an introduction to the impact investment landscape, the evolution of impact investment as an asset class and the opportunities and challenges for investors seeking meaningful impact investment vehicles. The course will also teach the process by which an investor performs financial due diligence on a social enterprise to render a responsible investment decision.

Managing Financial and Social Returns of the Social Enterprise

This course will explore best and evolving practices in the financial management and impact measurement of social enterprises.  The class will be taught from the perspective of the social entrepreneur and social enterprise manager and introduce cases to assess financial challenges, fiscal performance and financing strategy of pioneering firms with a social mission.

Financial Decision Making and Management

The goal of this course to is help Executive MPA Public Service Leader students learn financial tools to apply to decision-making within mission-driven and governmental organizations.

Public Economics

Public economics uses the tools of microeconomics and empirical analysis to study the impact of government policies on economic behavior and the distribution of resources in the economy. The course begins with a review of market failures and preferences for income redistribution to answer questions such as: When should the government intervene in the economy? How might the government intervene? And, what are the effects of those interventions on economic outcomes?