Courses In: Finance

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.

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.

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.

Financial Management for Global Nonprofit Organizations

This course focuses on financial management concepts and skills that are crucial for nonprofit organizations to achieve their mission. This course builds on the themes, concepts and theories covered in the Core Financial Management course and provides students the opportunity to apply that knowledge to an operational context.  Case methodology will be utilized to examine financial management practices of NGOs and Non-Profit entities throughout the world.

Macroeconomics, Global Markets, and Policy

This course teaches the principles of macroeconomic policy in an international setting. The course focuses on developing a framework for understanding the forces that determine output, employment, inflation, interest rates, exchange rates, the trade deficit, and other key macroeconomic variables. This framework is used to evaluate different macroeconomic policies in the context of different national economic environments.