Courses In: Finance

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.

Financing Urban Government

This course explores the role of U.S. urban governments in the economy, their relationship to the state and federal governments, and the institutional parameters of devising and implementing sound public policy.  Both the sources and uses of funds will be considered in the context of different tax instruments, the relative merit of each tool and the implications for equity and efficiency of public policy.

Risk Management: Nonprofit Leadership in a High Stakes Environment

Nonprofit organizations operate in a complex service, funding and regulatory environment that is characterized by risk.  These risks include multi-year contracts with flat funding, capped overhead rates, growing community demand and rigorous performance requirements. As recent nonprofit closures and collapses illustrate, failure by executives and boards to identify, assess, manage and mitigate risk undermines the sustainability of the organizations they lead and poses a serious threat to the millions of people who depend on them.

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.

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.

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.

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.

International Development Project Planning

Having lost their absolute prominence as development aid instruments, investment projects remain a key instrument of development administration, and still an important vehicle of international assistance. In fact enthusiasm for a “program approach” to aid delivery should not obscure the wide array of aid modalities that is often necessary to deploy, as well as the importance of specific investment projects among them.

Corporate Finance and Public Policy

This course introduces students to the main areas of corporate finance and how they relate to policy issues and discussions. The course covers topics in the three main areas of corporate finance: 1) capital structure (financing choices), 2) valuation (project and firm valuation) and 3) corporate governance (optimal governance structures). We will analyze how public policy, through taxes, public expenditures and regulation, affect these aspects of corporate finance.