, : , . Its objective is to bring students, academics and industry experts together to study financial markets, practice, and institutions in this region. The lectures expose the students to the institutional and empirical facts as well as approaches followed by leading shareholder activists. In this module, you'll learn the three key elements of your pitch to funders, and the examine the most common methods of exiting the entrepreneurial phase. The course contains cases that help students evaluate the impact of more complex financing and capital markets tools used in real estate. Get your certificate in Exam Preparation. Because improving your career should not be work, Course information from University of Pennsylvania, The Wharton School. By the end of this module, you'll be able to pick the financing pathway that's best for your enterprise, use common valuation strategies to set a reasonable price for your company, and negotiate favorable terms. Students will be asked to forecast live policy decisions and implied market valuations. The key themes of the framework - all parties, all taxes and all costs - are applied to decision contexts such as investments, compensation, organizational form, regulated industries, financial instruments, tax-sheltered investments, mergers and acquisitions, multinational, and multistate. We will address different phases of a company's life cycle. We will address different phases of a company's life cycle. The objective is to give students the concepts and tools necessary to assess the often-complex situation facing a firm in financial distress. The course will draw upon the fiscal experiences of US local governments (New York, Philadelphia, Detroit, Orange County, Puerto Rico), utilities (WPPSS) and states (Illinois), and the international experience from such countries as Greece, Brazil, and Argentina. We emphasize practical considerations of implementing strategies using derivatives as tools, especially when no-arbitrage conditions do not hold. , (), . Along the way, we will address the standard argument that smart, profit-seeing agents can correct any distortions caused by irrational investors. Subjects covered by these exams have been designed by industry experts, and should be of great use when put into practice through practical experience. FNCE 703 or FNCE 707 are recommended. FNCE 7050 is recommended but not required. Now that you've decided to continue your education and progress in your career, you're on a great path towards success. FNCE 7030 or FNCE 7070 are recommended. In this module, you'll learn the five most common methods of financing, and explore the financing process in depth. Assignments require students to develop/practice skills on fundamental analysis. (Formerly FNCE 728) The focus of this course is on the valuation of companies. I would like to own a large company with very high income. Key topics include national income accounting, production and economic growth, employment, business cycles, monetary and fiscal policy, and international finance. A team of Penn students in Wharton Impact Venture Associates (WIVA) sourced an impact investment deal into a startup that aims to champion sustainable and ethical practices in the fashion industry. The course is primarily comprised of two key components. Youll also be ready for the capstone project, in which you will get feedback on your own pitch deck, and may even be selected to pitch to investors from venture capital firms. This course provides an introduction to real estate with a focus on investment and financing issues. (), . The course covers current conceptual and theoretical valuation frameworks and translates those frameworks into practical approaches for valuing companies. The primary audience for this course is finance majors interested in careers in venture capital or in R&D-intensive companies in health care or information technology. 2022 Economist Executive Education Navigator. Some of the areas that may be covered in the course, subject to time constraints, include: FinTech, investment management, corporate finance, corporate governance, venture capital, private equity. Evangelists believe it may be the key to freeing the world from poverty.

You'll learn about the added benefits of working with venture capital firms, when and why to consider debt financing, and the latest trends in crowdfunding. Polk Carey JD/MBA Program, Leadership Ventures & Experiential Learning, Deferred Admission Moelis Advance Access Program, Investing in Emerging Markets One Social Enterprise at a Time, How the Turner MIINT Program Trains Students to Think Like Impact Investors, How This Philly Start-Up is Making Fashion More Sustainable, How This Alumna Is Driving $1 Billion to Women of Color Tech Entrepreneurs. Get personalized course recommendations, track subjects and courses with reminders, and more. (Formerly FNCE 720) This course studies the concepts and evidence relevant to the management of investment portfolios. ISP in Finance are intended to give students the opportunity to study a particular topic in Finance in greater depth than is covered in the curriculum. The class will conduct a semester long case study, taking a specific transaction from the management presentation stage, to various modules in the deal process including: business diligence, industry diligence, accounting diligence, legal diligence, financial modeling, financing, valuation, negotiating the stock purchase agreement, and culminating in an investment committee presentation and recommendation. PTNR01A998WXY {Wharton Executive Education Venture Capital} Video Course, {Wharton Executive Education Venture Capital} Video Course. FNCE 7030 and FNCE 7070 are recommended but not required. The class focuses on risk management, investing, and arbitrage in these markets. via Coursera katherine li healthcare degrees biology equity wharton undergraduate banking upenn investment finance private years Lizbeth Nunez, WG22, reflects on her internship with Firework Ventures an impact venture capital firm co-founded by alum Ashley Bittner, WG13, that invests in future-of-work companies. In general, this course seeks to provide students with an overall context for understanding energy issues and risks, and how these might affect financing and investment decisions for both providers of energy and end-users of energy. The class will also include several noteworthy guest speakers from the private equity industry and several smaller case studies to reinforce key topics. We will argue that their systematic biases can aggregate into observed market inefficiencies, thus giving rise to apparently profitable trading strategies. University of Pennsylvania Free JS & web development bootcamp starting on Sep 5 - Enroll here! There is an abundance of evidence suggesting that the standard economic paradigm - rational agents in an efficient market - does not adequately describe behavior in financial markets. Start-ups can benefit from a wide variety of financing options on the path to profitability, but how do you know which one to choose? While it will touch upon various strategic, organizational, and general management issues, the main lens for studying these transactions will be a financial one. The course will also analyze corporate financial policy, including capital structure, cost of capital, dividend policy, and related issues. This course explores strategic, business and legal decision making in a fluid real world corporate context. Student are thus expected to work in teams and demonstrate a high level of independent learning and initiative. Class Central aggregates courses from many providers to help you find the best courses on almost any subject, wherever they exist. (Formerly FNCE 893) Understanding and predicting central banking decision making and behavior is crucial for all market participants from asset managers and traders to private consumers. We seek to understand the underlying economic, political, and legal/regulatory causes of such events so that they may be prevented in the future. Topics covered in depth include discounted cash flow techniques and price multiples. In addition to course prerequisites, FNCE 6130 is recommended. This course covers one of the most exciting and fundamental areas in finance. In each of these areas, we start by analyzing the marketplace, the incumbents, and then proceed to analyze the impact of the most relevant technologies have on the business. It will look at the legal foundations and structures of hedge funds including the primary regulations in the U.S. and abroad that are most relevant for hedge funds. This half-semester course combines lectures and cases, and will go through actual situation where companies need to make strategic decisions on raising equity capital. The course will highlight how big data and data analytics shape the way finance is practiced. We will study the determinants of the level of national income, employment, investment, interest rates, the supply of money, inflation, exchange rates, and the formulation and operation of stabilization policies. Topics include diversification, asset allocation, portfolio optimization, factor models, the relation between risk and return, trading, passive (e.g., index-fund) and active (e.g., hedge-fund, long-short) strategies, mutual funds, performance evaluation, long-horizon investing and simulation. You'll also learn strategies for valuing your own company, and how venture capital and angel investors use valuations in negotiating milestones, influence and control. This module was designed to give you a closer look at the advantages and disadvantages of both public and private financing, and to provide you with some simple but powerful tools for estimating how much capital you will need. Further, we will examine more closely the preferences and trading decisions of individual investors. & Wm. The Certificate Exam is designed to test your specific skills, comprehension and retention of the material covered in class. It aims at: 1) Introducing the main models used in practical applications to price and hedge derivatives; 2) Understanding their comparative advantages and limitations, as well as how they are calibrated and applied. The format of the course will mix lectures with presentations from industry participants, hedge fund managers, those who invest in hedge funds, those who advise them and provide services to them, and those who regulate them. To do so, students will investigate a variety of empirical questions from different areas within finance by way of data labs, or case studies that rely on data and analytics. We will provide descriptions of types of infrastructure, examine the financing needs of different infrastructure projects, consider the historic role of public and private funding, assess the changing needs of consumers, role of technology and the increasing demands posed by a globalizing economy. We will consider design, issuance, and pricing of financial instruments, the arbitrage strategies which keep their prices in-line with one another, and the associated economic and financial stability issues. Those who want to launch a hedge fund, join an existing one, invest in one, or provide services to one will want to register for this course. An equal number of graduate law and business students will be enrolled in this class. . () , : : : , : : . : : : , : , , () . He has a wonderful business. The importance of private information and public regulation for disciplining the fiscal performance of democratically elected governments will be a central concern. FNCE 7380 is recommended but not required. The main objective of this course is build intuition and skills on (1) pricing and hedging of derivative securities, and (2) using them for investment and risk management. Classes are conducted in a standard lecture format with discussion required. The objective of this course is to give you a broad understanding of the instruments traded in modern financial markets, the mechanisms that facilitate their trading and issuance, as well as, the motivations of issuers and investors across different asset classes. This course explores Impact Investing, a discipline that seeks to generate social benefits as well as financial returns. Venture Capital, a program from Wharton Executive Education, will lift the veil on one of the most exciting and perhaps least transparent areas in finance. You'll learn the structure and best practices for an executive summary, your pitch deck, and your pro-forma financial statements, and discover why these are so important to potential investors. The course teaches how to develop the required information for valuing companies from financial statements and other information sources in a real-world setting. The course emphasizes the use of economic theory to understand the workings of financial markets and the operation and impact of government policies. These include: investment decisions under uncertainty, mean-variance theory, capital market equilibrium, arbitrage pricing theory, state prices, dynamic programming, and risk-neutral valuation as applied to option prices and fixed-income securities. We will also examine infrastructure investing as a alternative asset class from the investors' perspective. Organize and share your learning with Class Central Lists.

, , - , : , Squid Game , . This exam gives you a chance to walk away feeling proud of yourself for all that you have accomplished. (Formerly FNCE 885) The course exposes students to this fast-growing and exciting intersection between finance (Fin) and technology (Tech) while emphasizing the role data and analytics play. ! The second element of the course is a series of case study panels based on market trends from the previous year that bring together key participants from recent deals, including the CEO or chairman of the company, the judge, the lead banker and lead lawyer, and the lead investors to give their insight and perspectives to the class. Prerequisites: (ACCT 6110 OR ACCT 6130) AND FNCE 6110. This course covers the finance of technological innovation, with a focus on the valuation tools useful in the venture capital industry. This course discusses actual situations where companies need to make strategic decisions on raising equity capital. By the end of this module, you'll be able to use business models to create customers who will come back for more, and know what key attributes to emphasize if you want to attract investment from venture capital. You're just a few steps away from getting your Certificate Exam! This class has very interesting material. , *** - , : , . Open to MBA, Executive MBA and Undergraduate students, these modular courses are intended to provide unique educational experiences to students in a regional context that has particular resonance with the topic. Some programming and experience is helpful though knowledge of Python is not assumed. We will pay special attention to recent topics, such as partnerships with the private sector, enterprise zones, the role of technology, environmental challenges, and real estate policies that promote housing affordability, such as rent control and inclusionary zoning. All students will be required to participate in one major and two minor team projects. The approach is rigorous and analytical but the course will not cover several topics included in the full semester Corporate Finance course, including: market efficiency, corporate financial policy (including capital structure, cost of capital, dividend policy, and related issues), and options. This course covers infrastructure financing and investing from various angles. The email will contain your contact information so a school representative will be able to get in touch with you. Financial derivatives serve as building blocks to understand broad classes of financial problems, such as complex asset portfolios, strategic corporate decisions, and stages in venture capital investing. The course covers the various options available for distressed firms, such as out-of-court workouts, exchange offers, prepackaged and pre-negotiated, bankruptcies, distressed asset sales, 363 auctions, and Chapter 11 reorganization. The objective of this course is to provide students with detailed knowledge of corporate structures, valuation methods, project finance, risk management practices, corporate governance issues, and geo-political risks in the energy industry. By the end of this course, youll have an understanding of what success looks like and how it can be financed. Lecture with discussion required. By the end of this module, you'll be able to perform your own breakeven analysis so you can make a more informed choice about the best source of financing for you company. (Formerly named International Corporate Finance) This course analyzes the financial management problems that result from operating in global environments. ! We use data, current events of the 2007-2018 period as the basis for discussion and assignments. We consider distressed debt as an asset class, develop techniques for investing in distressed securities and assess investment opportunities using the concepts of value investing. We believe strongly that diagnosing and treating the "disease" of fiscal mismanagement is an interdisciplinary endeavor drawing on finance, economics, political science, and the law. The purpose of the course is to train students to think systematically about the current state of the economy and macroeconomic policy, and to be able to evaluate the economic environment within which business and financial decisions are made. The course is structured around three main FinTech areas: (i) Lending/Banking services, (ii) Clearing (iii) Trading. These include investment decision making under uncertainty, cost of capital, capital structure, pricing of selected financial instruments and corporate liabilities, and dividend policy. But for every successful, disruptive, trailblazing start-up, there are dozens of other businesses that fail, even after receiving multiple infusions of capital. Topics covered include discounted cash flow techniques; corporate capital budgeting and valuation; investment decisions under uncertainty; capital asset pricing; options; and market efficiency. FNCE 6130 is recommended but not required. Additional topics will differ according to individual instructors. The course will balance functional and institutional perspectives by highlighting the problems capital markets participants are seeking to solve, as well as, the existing assets and markets which have arisen to accomplish these goals. This course serves as an introduction to business finance (corporate financial management and investments) for both non-majors and majors preparing for upper-level course work. Help, David Bell, Ethan Mollick, Laura Huang, David Hsu, Karl T. Ulrich, Lori Rosenkopf and Kartik Hosanagar, 4.3 rating, based on 6 Class Central reviews, 4.8 rating at Coursera based on 1086 ratings, Start your review of Entrepreneurship 4: Financing and Profitability. Students will learn about the substance, process and mechanics of private equity investing, through the lens of the investment professional. Farhan is taking this course right now, spending 8 hours a week on it and found the course difficulty to be very easy. This course focuses on international financial institutions, especially the activities of global, systemically important banks. The core of the course connects between the legal and actual goals that central banks follow and the related economic analysis on which these goals and policies are set. I loved it. The primary objective is to provide a framework, concepts, and tools for analyzing financial decisions based on fundamental principles of modern financial theory. Sanaa Hamad Hamid Al-shukili is taking this course right now. Some areas of financial management not covered in FNCE 6110 are covered in FNCE 7030. Class Central is learner-supported. Press, public market reaction, and governmental/political considerations will be integrated into the discussion. We will also address the importance of value creation and how to manage for value creation to either resolve distress or avoid it in the first place. By the end of this module, you'll be able to create an effective pitch, and begin developing an exit strategy for your company that's relevant, effective and profitable. Similarly, traditional tax courses often ignore the richness of the decision context in which tax factors operate. Project evaluation, financing strategies, investment decision making and capital markets are covered. The course makes use of lectures and case studies. We then explore the evidence for both views in the context of capital structure, investment, dividend, and merger decisions. The cost of such crises for citizens, pensioners, and bond holders can be significant. Infrastructure covers roads and bridges (the original infrastructure), to railroads, airports (the more recent infrastructure), to telecommunications and solar and wind power installations (modern infrastructure). Omar F. completed this course, spending 2 hours a week on it and found the course difficulty to be easy. Students will sharpen their conceptual knowledge of finance and valuation in order to properly estimate the value of a distressed firm, and its securities. Skeptics think it will remain confined to the boutique. In addition to course prerequisites, FNCE 6130 is recommended but not required. This course covers fixed income securities (including fixed income derivatives) and provides an introduction to the markets in which they are traded, as well as to the tools that are used to value these securities and to assess and manage their risk. Class Central 2011-2022 Privacy Policy. ISP's must be supervised by a Standing Faculty member of the Finance Department. This module was designed to introduce you to some of the key activities you can do in order to reach and sustain profitability. The course is divided into two broad modules. The Global Business Week (GBW) is set of classes offered annually to WEMBA second years. If we want to create a world thats a better place, we need people who can bring that sense of social justice and combine it with some practical Wharton toolkits so that they can be more impactful.. Youll learn about terms, and term sheets, exit modes and what exit strategy might be best for you. This is a Wharton Global Modular Course on Finance in the Middle East and North Africa. This course will cover methods and topics that form the foundations of modern asset pricing. The course is taught in lecture format, and illustrates key concepts by drawing on a collection of case studies and visits from industry experts. Independent Study Projects require extensive independent work and a considerable amount of writing. The course covers a wide range of applications, including the use of derivatives in asset management, the valuation of corporate securities such as stocks and corporate bonds with embedded options, interest rate and credit derivatives, as well as crude oil derivatives.

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