Courses of Study 2016-2017 
    
    May 19, 2024  
Courses of Study 2016-2017 [ARCHIVED CATALOG]

Course Descriptions


 

AEM—Applied Economics & Management

  
  • AEM 4090 - Environmental Finance and Markets


    (CU-SBY)     
    Spring. 3 credits.

    Prerequisites: AEM 2240 /AEM 2241 , AEM 2225 , or equivalent.

    J. Tobin.

    This course considers the ways in which the tools of finance are used to address environmental challenges and how market mechanisms can be used to ensure the long-term sustainability of ecosystems. Following an introduction to the prevailing environmental policy framework, the course explores the uses of such products as debt-for-nature swaps, green bonds, structured notes, and environmental impacts bonds, and illustrates both their potential and their limitations through a review of market transactions. The course also explores how investment decisions can influence environmental outcomes and the role that sustainable asset management strategies can have in achieving desired conservation objectives.

    Outcome 1: Understand how the tools of finance can be used to address societal challenges such as ensuring the long-term sustainability of ecosystems.

    Outcome 2: Recognize opportunities to leverage the power of the investment markets to achieve particular outcomes by identifying potential cash flows inherent to preserved or sustainably-managed ecosystems.

    Outcome 3: Critically examine proposed investment blueprints and assess their potential to achieve desired conservation outcomes.

    Outcome 4: Propose ways in which financial products and services may be used to better manage environmental risks and deliver both financial and environmental returns.

  
  • AEM 4110 - Introduction to Econometrics


         
    Fall. 3 credits. No audit.

    Forbidden Overlap: AEM 6120 .
    Prerequisite: AEM 2100  and either ECON 3030 AEM 2600  or equivalents.

    L. W. Tauer.

    This course is an introduction to basic econometric principles and the use of statistical techniques to estimate empirical economic models. Multiple regression is introduced and procedures to accommodate data issues and limitations are presented. Topics discussed include simultaneous equations, panel models and limited dependent variable models. Time series approaches are introduced. Students are required to estimate econometric models using provided data sets.

  
  • AEM 4120 - Computational Methods for Management and Economics


         
    Fall. 3 credits.

    Prerequisite: AEM 2100  or equivalent. Enrollment preference given to: juniors, seniors, and M.S. degree candidates.

    C. Gomes.

    Course in applied mathematical programming. Emphasizes formulation of and interpretation of solutions to mathematical models of problems in economics and business. Studies blending, resource allocation, capital budgeting, transportation and financial planning, and inventory management. Introduces integer and nonlinear programming.

  
  • AEM 4140 - Behavioral Economics and Managerial Decisions


         
    Fall. 3 credits. Letter grades only.

    Forbidden Overlap: AEM 6140 .
    Prerequisite: ECON 3030  or PAM 2000 . Course fee: lab fee $40. Enrollment limited to: juniors or seniors. Co-meets with AEM 6140 .

    W. P. Schulze.

    Behavioral economics integrates psychology and economics by identifying systematic anomalies in decision making. These are now recognized to be an important source of error in business decisions, and they provide the foundation for both behavioral marketing and finance. The course compares rational choice theory with behavior both in lecture and through a series of economics experiments in which students face situations that are likely to lead to anomalies such as “the winner’s curse,” the status quo bias, hyperbolic discounting, and bias in assessing risks. Students have the opportunity to evaluate their own decision making.

    Outcome 1: Students will be able to explain the major decision making anomalies that constitute the core of behavioral economics.

    Outcome 2: Apply lessons from behavioral economics to actual business decision making.

    Outcome 3: Design laboratory experiments testing hypotheses from economics and psychology that relate to economic decision making.

    Outcome 4: Explain IRB requirements and procedures regarding human subjects and confidentiality.

    Outcome 5: Administer experiments and analyze the data.

  
  • AEM 4150 - [Price Analysis]


         
    Fall. Not offered 2016-2017. 3 credits. Letter grades only.

    Prerequisite: AEM 2100  or equivalent; and ECON 3030 , PAM 2000 AEM 2600 /AEM 2601  or equivalent.

    H. M. Kaiser.

    Focuses on the analysis of supply and demand characteristics of commodities with particular attention to agricultural products. Pays special attention to empirical analysis. Includes institutional aspects of pricing, temporal and spatial price relationships, price forecasting, and the economic consequences of pricing decisions.

  
  • AEM 4160 - Strategic Pricing


         
    Spring. 3 credits. Letter grades only.

    Prerequisite: Introductory Statistics, Calculus I, as well as either AEM 2600 ECON 3030 , or PAM 2000 .

    J. Liaukonyte.

    This quantitative course explores various pricing strategies by taking into consideration the role of consumer behavior, economics, statistics, and management science. Topics include product tying and bundling, peak load pricing, price matching, warranty pricing, advanced booking, and the 99-cent pricing perceptions.

  
  • AEM 4190 - Strategic Thinking


         
    Spring. 3 credits.

    Prerequisite: Intermediate Microeconomics course such as AEM 2600 , PAM 2000 ECON 3030 , or equivalents.

    N. H. Chau.

    The art of thinking strategically puts outdoing one’s adversary at the core of the decision-making process, while anticipating that the adversary is doing exactly the same thing. Businesses make investment decisions and innovate products in anticipation of the reaction of their rivals; managers make pay contingent on peer performance, taking into account the reaction of their subordinates and superiors; national trade policies are formulated based on whether trading partners are committed to make credible concessions. This course introduces and explores the use of game theory to understand these interactions; students are expected to work with a balanced dose of both theory and relevant case studies. The objective of the course is to facilitate students’ ability to think strategically on firm level issues (e.g., pricing, advertising wars, product differentiation, and entry deterrence) and strategic policy interaction in international economic relations (e.g., trade wars and the arms race).

  
  • AEM 4195 - Strategic Thinking and Analysis


         
    Spring. 4 credits. Letter grades only (no audit).

    Prerequisite: Intermediate Microeconomics course such as AEM 2600 , PAM 2000 , ECON 3030 , or equivalents. Offered in Washington, D.C.

    N. Chau, staff.

    Strategic management is focused on how to create and sustain advantages in highly competitive business environments. This course is intended to introduce strategic management through a combination of theory and relevant case studies. Students will learn qualitative and quantitative analytical frameworks for evaluating industry determinants of success and for formulating strategies that enable one’s organization to be more successful than competitors. Specific topics that will be covered include industry factors, positioning, game theory, and competitive advantage. Organizations will be understood as a collection of resources pursuing goals in competitive environments. Non-market elements of that environment such as public politics, social activism, regulations, and the media will be discussed at length.

    Outcome 1: Evaluate industry determinants of success using qualitative and quantitative analytical frameworks.

    Outcome 2: Formulate strategies using industry factors, positioning, game theory and competitive advantage that enable an organization to be more successful than their competitors.

    Outcome 3: Understand and analyze the collection of resources that go into organizations and their competitive environments.

  
  • AEM 4210 - Futures, Options and Financial Derivatives


         
    Spring. 3 credits. Letter grades only.

    Prerequisite: AEM 2100  and AEM 2240  or equivalents. Recommended prerequisite: ECON 3030  or AEM 2600 /AEM 2601  or equivalent and a calculus course; familiarity with calculus and probability and statistics. Enrollment limited to: priority given to AEM students. Co-meets with AEM 6410 .

    C. G. Turvey.

    Covers the pricing of derivatives and how derivatives can be used for the purpose of risk management and speculation. A portion of this course involves the use of spreadsheet or other computer programs.

  
  • AEM 4225 - Systems and Analytics in Accounting


         
    Spring. 3 credits.

    Prerequisites: AEM 2210  or AEM 2225 , AEM 2100 . Co-meets with AEM 5225 .

    E. Lewis.

    An investigation of the systems and software that capture and store accounting and economic information, and of the tools and techniques that support a robust use of that data for the benefit of individual enterprises and greater society. Topics include “Big Data”, Data Visualization, Optimization Tools and Accounting Support Systems and Databases. Students taking this course at the graduate level will have a semester project related to the extension of the utility of large data sets beyond their initial purposes.

    Outcome 1: Gain and demonstrate an understanding of the Systems and Software that support the financial functions of modern and complex business enterprises.

    Outcome 2: Engage these systems in support of the array of decisions that internal and external accountants encounter in the practice of their discipline.

    Outcome 3: Investigate and develop the analytical tools that support the use of “Big Data” to address questions that reach beyond the boundaries of individual enterprises.

    Outcome 4: Further explore the ethical framework within which accounting and assurance professionals and academics employ their skills, and discuss the risks of working with Big Data and the safeguards that are available to address those risks.

    Outcome 5: Refine the cooperative work and leadership skills that are critical to success in this field through the completion of high quality analysis and casework in analytical teams.

  
  • AEM 4230 - Contemporary Topics in Behavioral Finance


         
    Fall. 3 credits. Letter grades only (no audit).

    Prerequisite: ECON 1110 , MATH 1110  or equivalent, AEM 2100  or equivalent, AEM 2240 .

    V. L. Bogan.

    This course is designed to stimulate critical thinking about contemporary topics that attract regular attention in the press among key finance decision-makers. The course draws on the theory of modern finance to facilitate the understanding of real world issues. The course will cover topics in traditional and behavioral finance; focusing on corporate governance, financial markets, portfolio formation, market efficiency, and fixed income securities.

    Outcome 1: Develop effective communication skills.

    Outcome 2: Attain analytic and functional competency in the basic business and economic skills.

    Outcome 3: Demonstrate working knowledge of ethics and ability to apply real world settings.

    Outcome 4: Develop skills to be critical consumers of business and economic information and research.

  
  • AEM 4260 - Fixed-Income Securities


         
    Fall. 4 credits. Letter grades only (no audit).

    Prerequisite: MATH 1110  or equivalent, AEM 2100  or equivalent, AEM 2240 .

    V. L. Bogan.

    Focuses on fixed-income securities including corporate bonds, default-free bonds, and floating rate notes. Other topics include related financial instruments such as forwards and futures on fixed-income securities, interest rate swaps, bond options, and mortgage-backed securities. In addition to the analysis of specific types of fixed-income securities, there is an examination of the tools used in bond portfolio management.

    Outcome 1: Develop effective communication skills.

    Outcome 2: Attain analytical and functional competency in the basic business and economic skills.

    Outcome 3: Demonstrate the ability to solve practical business and economic problems and make an impact in real world and society.

  
  • AEM 4280 - [Valuation of Capital Investment]


         
    Fall. Next offered 2017-2018. 4 credits. Letter grades only (no audit).

    Prerequisite: AEM 1200  and AEM 2240  or equivalents.

    D. T. Ng.

    Focuses on the analysis of financial information-particularly firms’ financial reports-for making decisions to invest in businesses. The primary focus is on equity (share) valuation, with some attention given to credit analysis. Examines various valuation models in detail and applies them in cases and projects involving listed companies. Topics include models of shareholder value, discounted cash flow approaches to valuation, the analysis of profitability, growth, and valuation generation in a firm, forecasting earnings and cash flows, proforma analysis for strategy and planning, analysis of risk, and the determination of price/earnings and market-to-book ratios.

  
  • AEM 4290 - International Financial Management


         
    Fall. 3 credits. Letter grades only (no audit).

    Prerequisite: AEM 2100  or equivalent and AEM 2240 /AEM 2241 .

    S. Watugala.

    Teaches students about issues in international financial management and international investment. The major issues discussed include exchange rate volatility, the benefit of international diversification, and the analysis of international capital budgeting decisions. Specific topics include the determination of the cost of capital for foreign investments, the determination and management of foreign exchange risks and country risks, and the use of innovative financing for the multinational corporation.

    Outcome 1: Provide understanding of exchange rate volatility, the benefit of international diversification, and the analysis of international capital budgeting decisions.

    Outcome 2: Students will be able to determine the cost of capital for foreign investments, foreign exchange risks, and country risks.

    Outcome 3: Provide understanding of the use of innovative financing for the multinational corporation.

  
  • AEM 4300 - International Trade Policy


         
    Spring. 3 credits.

    Prerequisite: ECON 1110 -ECON 1120  or equivalents and intermediate microeconomics course.

    N. H. Chau.

    Examines the economic principles underlying international trade and monetary policy, and the policies, practices, and institutions that influence trade and foreign exchange markets. Also emphasizes applications to current topics in international trade policy, to trade in primary commodities, and to both developed and developing countries.

  
  • AEM 4310 - [Agricultural and Food Policy]


         
    Spring. 3 credits.

    Prerequisite: either PAM 2000 ECON 3030 , or equivalent. Enrollment limited to: juniors, seniors, or graduate students.

    B. Rickard.

    Acquaints students with current and historically important U.S. policies related to agriculture and food, including subsidies and regulations related to markets, production, and the environment. The approach combines historical, political, and economic interpretation and analysis.

    Outcome 1: To introduce key concepts and evidence regarding alternative roles of food and agricultural policies that address the many important issues facing the world today.

  
  • AEM 4330 - Valuation Principles


         
    Spring (weeks 8-14). 1.5 credits.

    Prerequisite: AEM 2240 .

    D. Ng.

    This course is about the analysis of financial information for making decisions to invest in businesses. The primary focus is equity (share) valuation. Various valuation models will be examined in detail and applied in cases and projects involving listed companies. First, the issue of market efficiency will be explored. Second, important quantitative stock selection methods will be examined. Third, discounted cash flow models will be examined. This include models of shareholder value, the analysis of profitability, growth and valuation generation in a firm, forecasting earnings and cash flows, pro-forma analysis for strategy and planning, analysis of risk, and the determination of price/earnings and market-to-book ratios. Advanced topics on valuation including valuation by multiples and earnings management will then be discussed. 

    Outcome 1: Students will understand the basics of market efficiency, stock screening, and the relevance of cash-flows, dividends, earnings, and book values.

    Outcome 2: Students will calculate equity values using information extracted from financial statements.

    Outcome 3: Students will understand some of the most important quantitative techniques and well-known profitable strategies in equity markets.

    Outcome 4: Students will interpret how ratio analysis helps in valuation.

    Outcome 5: Students will assess what determines a firm’s P/E and price-to-book ratio.

  
  • AEM 4350 - Political Economy of the WTO


         
    Spring. 3 credits.

    Prerequisite: intro microeconomics.

    H. de Gorter.

    The politics of the WTO and trade policy are explored. Examines what the WTO is, how it operates, how much power it really has, why it was created, and incentives for governments to cooperate. Also explores how WTO rules affect domestic politics and foreign policy goals and how WTO rules and agreements are enforced. Students also debate the effect of trade on growth and poverty.

  
  • AEM 4370 - Strategy and Innovation


         
    Spring. 3 credits. Letter grades only.

    Prerequisite: AEM 1200  and ECON 1110 .

    A. Leiponen.

    Explores innovation and technological change. Studies how technological change affects economies and industries, and how innovation of new products, processes, and services takes place in firms. Group projects involve case studies of local high-tech startup companies.

  
  • AEM 4380 - Entrepreneurial Strategy for Technology Ventures


         
    Spring (weeks 1-7). 2 credits. Letter grades only.

    Enrollment limited to: upper-level undergraduate and graduate students, or permission of instructor.

    M.W. Roach.

    This course explores the concepts and tools needed to manage a technology-based entrepreneurial business. Through this course, students will develop an ability to think strategically about the fundamental issues facing technology ventures, including how to choose markets and business models, when and how to compete with incumbent firms, how to leverage IP, and how to identify and develop the resources and capabilities required for success. This is not a course in how to start a business. Instead, the emphasis is on the acquisition and application of the analytical tools critical for the development of an entrepreneurial strategy. This course is relevant to students interested in founding or working in technology ventures, as well as students interested in related careers in consulting and venture capital.

    Outcome 1: Explain fundamental concepts and frameworks of entrepreneurial strategy and technology entrepreneurship.

    Outcome 2: Apply concepts and frameworks learned in class toward the analysis and formulation of strategies for exploiting technological opportunities through new ventures.

    Outcome 3: Develop an ability to think strategically and make decisions under conditions of high uncertainty and risk.

    Outcome 4: Develop skills in managing diverse teams and working under time and resource constraints.

    Outcome 5: Develop skills in performing analytic research and preparing professional reports.

  
  • AEM 4390 - Technology Strategy


         
    Spring (weeks 8-14). 2 credits. Letter grades only.

    Enrollment limited to: enrollment limited to upper-level undergraduate and graduate students, or permission of instructor.

    M.W. Roach.

    This course introduces the fundamental strategy concepts and tools that enable firms to manage technological innovations for competitive advantage. It does so by first considering the sources of technological change, how technologies create value for firms, and how to manage and motivate knowledge workers. It then examines the various mechanisms for extracting value from technologies, both legal (e.g., patents, trade secrecy, etc.) and strategic (e.g., lead time, complementary assets, etc.). We will explore the fundamentals of technology strategy through readings and case studies in both entrepreneurial and established firms across a range of technology-based industries. This course is designed for students who intend to pursue careers in consulting, new product development, entrepreneurship, and finance where technology and intellectual property are important sources of competitive advantage.

    Outcome 1: Explain fundamental concepts and frameworks of technology strategy.

    Outcome 2: Develop ability to formulate and implement firm strategies.

    Outcome 3: Apply theories and frameworks learned in class toward the analysis and formulation of strategies for creating and capturing value through technological innovations.

    Outcome 4: Develop skills in managing diverse teams and working under time and resource constraints.

    Outcome 5: Develop skills in performing analytic research and preparing professional reports.

  
  • AEM 4400 - Retail Strategy


         
    Fall. 3 credits. Letter grades only.

    Prerequisite: AEM 2400  or equivalent.

    E. McLaughlin.

    This course explores the strategies and analytical techniques employed to address both classical and contemporary problems faced by retailers. Case study analysis provides a principal pedagogical approach. Cases come from a broad spectrum of retailing sectors: food, mass, fashion, on-line, international. Project required. Selected retail executives will participate.

  
  • AEM 4410 - Marketing Research


         
    Spring. 3 credits. No audit.

    Prerequisite: AEM 2400 , AEM 2420 .

    G. Fisher.

    This course provides a fundamental understanding of marketing research methods typically employed by firms. It is primarily aimed towards the manager who must decide the direction of research activities and focuses on how one should design research, construct questionnaires, and collect and analyze data. The course will primarily focus on the interpretation and use of results rather than mathematical derivations. Students will be exposed to the practical side of marketing research through problem sets and projects.

    Outcome 1: Students will be able to explain contributions and limitations of marketing research data.

    Outcome 2: Students will competently develop and carry out marketing research according to the standards of typical managers and firms.

    Outcome 3: Students will apply new statistical tools to answer basic marketing questions.

  
  • AEM 4420 - Emerging Markets


         
    Fall. 3 credits. Letter grades only.

    Prerequisite: AEM 2400  and PAM 2000  or ECON 3030  or AEM 2600 /AEM 2601 . Enrollment limited to: seniors and graduate students.

    R. D. Christy.

    Provides a framework for examining the effectiveness of marketing strategies in economies in transition and identifying the challenges and opportunities for firms in low-income economies to access industrial markets. Appraises the risk of entering markets in low-income economies and assesses the political, legal, cultural, and economic forces. Analyzes and discusses case studies of companies.

  
  • AEM 4421 - Research and Strategy in Emerging Markets


    (CA-AG, D-AG, SBA-AG) (CU-ITL)     
    Spring. 3 credits. Letter grades only.

    Permission of instructor required. Enrollment limited to: AEM seniors and grad students only.

    R. Christy, E. Mabaya.

    The course complements the Student Multidisciplinary Applied Research Team (SMART) Program administered by CIIFAD. The goal of the course is to offer students a unique learning and service team experience, working with entrepreneurs and civil society organizations in emerging markets and economically disadvantaged communities. Students will learn about the challenges and opportunities of doing business and implementing development interventions in emerging markets. During the semester, students explore theories of economic and community development, analyze the projects on which they worked, write up case studies, and develop strategic recommendations for the enterprises or organizations they have partnered with.

  
  • AEM 4450 - Toward a Sustainable Global Food System: Food Policy for Developing Countries

    (crosslisted) NS 4450  
    (SBA-AG, SBA-HE) (CU-SBY)     
    Fall. 3 credits. Letter grades only.

    Prerequisite: 6 credits in economics, applied economics, or sociology and 6 credits in nutrition and/or agricultural sciences.

    P. Pingali.

    For description and learning outcomes, see NS 4450 .

  
  • AEM 4460 - Food Marketing Colloquium


         
    Fall. 1 credit. S/U grades only (no audit).

    Enrollment limited to: students participating in the Food Marketing Fellows program.

    W. Drake, R. Hawkes.

    The course focuses on current topics in food marketing and may be supplemented by field trips to food industry firms and other exposure to food industry activities and practitioners. In addition, the course includes preparation for a field study trip during the winter break period.

    Outcome 1: Maximize benefits gained from Food Fellows International Study Trip.

    Outcome 2: Broaden understanding of world food system.

    Outcome 3: Gain perspective about culture and consumer behaviors outside of the U.S.

    Outcome 4: Cultivate interest in the food industry as a career option.

  
  • AEM 4480 - Executing Firm Strategy


         
    Spring (weeks 8-14). 2 credits. Letter grades only (no audit).

    Prerequisite: must have taken AEM 2240 , AEM 2420 AEM 2601 AEM 3230  and a course in macroeconomics. Enrollment limited to: Dyson seniors only.

    S. L. Poczter, T. P. Schryver.

    Designed as a hands-on experience to prepare students for executive-level strategy execution, this class is a culmination of the completion of four years of Dyson courses in managerial economics, finance, accounting, marketing, and macroeconomics, in which students will use real-time strategic decision-making from each topic area to influence the success of virtual companies. Implemented via a computer simulation, the business decisions of these self-selected teams will then translate to performance via competition with the other teams within the same industry in the class. Assessment will be based on a strategic intent paper, written at the beginning of the semester by each team, an in-depth presentation of firm performance and strategy in a “board of directors” (BOD) meeting, and an individual post-operations analysis. 

    Outcome 1: Develop and implement a successful long-term business strategy.

    Outcome 2: Understand market dynamics and industry evolution.

    Outcome 3: Collaborate effectively across functions.

    Outcome 4: Allocate resources to meet strategic and operational goals.

    Outcome 5: Develop effective team processes.

    Outcome 6: Practice communication and interaction skills.

  
  • AEM 4485 - Economics of Food and Malnutrition

    (crosslisted) NS 4480  
    (SBA-HE)      
    Spring. 3 credits.

    Prerequisite: ECON 1110 AEM 2100 , or equivalent, and 9 additional credits in Economics, Applied Economics, or Nutrition. Recommended prerequisite: ECON 3140 NS 3600 , or equivalents. Co-meets with AEM 6485 .

    J. Hoddinott.

    For description and learning outcomes, see NS 4480 .

  
  • AEM 4495 - Consumer Neuroscience


         
    Spring. 3 credits.

    Prerequisite: ECON 1110 , AEM 2400 , AEM 2420 , and Intro Statistics or permission of instructor.

    G. Fisher.

    How do we decide what to buy and at what price to purchase it? How can various contexts influence our choices? What factors explain differences in preferences across people? This course addresses these and other questions about consumer decision making by integrating recent advances in neuroscience with economics and psychology. The focus is to give a comprehensive introduction to how the combination of these fields can inform our understanding of consumer behavior. Previous experience with neuroscience is not expected.

    Outcome 1: Students will be able to explain contributions and limitations of consumer neuroscience.

    Outcome 2: Students will competently develop and carry out work in neuromarketing according to the standards of typical managers and firms.

    Outcome 3: Students will apply tools from multiple disciplines to answer basic marketing questions.

  
  • AEM 4500 - Resource Economics

    (crosslisted) ECON 4810  
    (SBA-AG) (CU-SBY)     
    Fall. 3 credits. Letter grades only.

    Prerequisite: MATH 1110 , ECON 3030 , and familiarity with Excel.

    J. M. Conrad.

    Constructs dynamic models of renewable, nonrenewable, and environmental resources to examine market allocation and optimal resource management.

  
  • AEM 4510 - Environmental Economics

    (crosslisted) ECON 4820  
    (SBA-AG) (CU-SBY)     
    Spring. 3 credits. Letter grades only.

    Forbidden Overlap: Due to an overlap in content, students will receive credit for only one course in the following group: AEM 4510, ECON 3850 ECON 4820 , PAM 3670 PAM 5970 .
    Prerequisite: MATH 1110  and ECON 3030 . Enrollment limited to: undergraduate students.

    A. Small.

    This class will focus on the role of the environment in the theory and practice of economics. It will make use of microeconomic analysis at the intermediate level and will incorporate real-world examples. It examines market failure, externalities, benefit-cost analysis, nonmarket valuation techniques, and cost-effective policy instruments.

    Outcome 1: Gain understanding of policies to deal with environmental challenges and their impacts on different players in the society.

  
  • AEM 4520 - Advanced Accounting


         
    Fall. 3 credits. Letter grades only.

    Prerequisite: AEM 3360 .

    J. Lippitt.

    Detailed analytical study of special issues and situations in financial accounting. Continuous emphasis is placed on the relationship between theory and practice to reflect the latest professional pronouncements. Highly technical topics related to corporation, partnership, government, and not-for-profit organizations, with a focus on business combinations and the particular accounting challenges that they present.

  
  • AEM 4521 - Cost Accounting and Management Control


         


    Fall. 3 credits. Letter grades only.

    Prerequisites: AEM 3230 . Permission of instructor required.

    Z. Beg.

    Managerial accounting is not guided by a single set of rules like Financial accounting is guided by Generally Accepted Accounting Principles (GAAP). Instead, managers must understand a broad set of analytical tools and selectively apply those tools to address the specific decisions and situations they face.

    This course provides a deep examination of the technical concepts, analyses, uses, and procedures of accounting and control used by internal company managers. Topics covered include variance analysis, inventory costing, cost estimation and allocation, and inventory management.

    Outcome 1: Develop effective communication skills in finance.

    Outcome 2: Attain analytical and functional competency in business and economic skills.

    Outcome 3: Demonstrate working knowledge of costing and control to apply to real world settings.

    Outcome 4: Demonstrate ability to solve practical business problems and make an impact in real world and society.

    Outcome 5: Develop skills to be critical consumers of business information and research.

  
  • AEM 4530 - Auditing and Assurance


         
    Fall. 3 credits. Letter grades only.

    Prerequisite: AEM 3360 .

    J. McKinley.

    Theory and practice of independent examination of financial statements. Discussion of relationships with clients; working papers, assurance procedures, including evaluations of internal controls, accounting principles, risk assessment, liability, and professional ethics.

  
  • AEM 4531 - Federal Income Taxation


         
    Spring. 3 credits. Letter grades only.

    Prerequisite: AEM 3360 . Co-meets with NBA 5531.

    J. McKinley.

    Introductory course in federal income taxation covering structure of present tax law; basis for income tax computations; concepts of gross income, adjusted gross income, deductions, exemptions and credits. The emphasis is on tax questions and problems relating to individuals. Students enrolled in the graduate-level section will be required to do additional tax problems.

    Outcome 1: Explore the tax environment, fundamentals of tax planning, measurement of taxable income, taxation of business entities (individuals, corporations and partnerships) and tax compliance.

  
  • AEM 4532 - Fraud Examination


         
    Spring. 3 credits. Letter grades only (no audit).

    Prerequisite: AEM 2210 /AEM 2225  or permission of instructor.

    J. Little.

    Fraud Examination is a senior seminar designed to allow you access to theories of fraud examination, to develop an understanding of the fraud examination process, and to provide a background in fraud-related issues.

    Outcome 1: Develop effective communication skills in finance.

    Outcome 2: Attain analytical and functional competency in basic business and economic skills.

    Outcome 3: Demonstrate working knowledge of ethics and ability to apply to real world settings.

    Outcome 4: Demonstrate ability to solve practical business problems and make an impact in real world and society.

    Outcome 5: Develop skills to be critical consumers of business information and research.

  
  • AEM 4545 - International Finance and Macroeconomics

    (crosslisted) ECON 3545  
         
    Fall. 3 credits. Letter grades only.

    Prerequisite: AEM 4230  or equivalent. Intermediate econometrics/statistics desirable but not required.

    E. Prasad.

    This course will examine the determinants of international capital flows and their consequences for growth and volatility. Basic analytical models in international finance, including those related to exchange rate dynamics, will be covered. Emerging market perspectives on these issues will be emphasized, with a particular focus on the economies of China, and India. The course will analyze the challenges created by rising global financial integration for monetary policy, financial regulation and other policies. Students will be required to write an independent research paper.

    Outcome 1: Demonstrate ability to formulate a research topic, conduct independent quantitative research, and write a substantive research paper.

  
  • AEM 4550 - Economics of Advertising


         
    Spring. 3 credits. Letter grades only.

    Prerequisite: Introductory Statistics, as well as either AEM 2600 ECON 3030  or PAM 2000  and Calculus I.

    J. Liaukonyte.

    This is an analytical and quantitative course focusing on advertising strategy. How does advertising affect product demand and competitive responses from rival products? Why and how do consumers respond to advertising? What is their sensitivity to advertising expenditures, if any? Can we measure that sensitivity? These are some of the questions analyzed during this course.

  
  • AEM 4560 - Federal Income Taxation of Business Entities, Estates and Trusts


         
    Fall. 3 credits. Letter grades only.

    Forbidden Overlap: HADM 4220 .
    Prerequisite: AEM 2210 AEM 2225  or equivalent.

    J. McKinley.

    This course presents the tax skills necessary to make business decisions regarding Corporations, Partnerships, Estates and Trusts. Emphasis is placed on such areas as organization and capital structure, earnings and profits, dividend distribution, redemptions, liquidations and reorganization of corporations. In addition, flow through entities such as partnerships and S Corporations will be studied along with estates, trusts, family tax planning and exempt entities. Practical application of the tax law will be emphasized with proper consideration placed on the historical, economic and political perspectives of the Internal Revenue.

    Outcome 1: Identify the principles of federal taxation as it relates to corporations, partnerships, gifts, estates, and international transactions.

    Outcome 2: Explain the tax implications regarding exempt entities.

    Outcome 3: Compare the practices available to achieve maximum understanding of current legislation.

    Outcome 4: Develop an understanding of the procedures relating to proper fundamentals of tax preparation and reporting.

    Outcome 5: Provide individual competence in the preparation of income tax returns.

    Outcome 6: Stimulate their problem-solving abilities and critical thinking skills.

  
  • AEM 4570 - Corporate Finance


         
    Fall, Spring. 3 credits. Letter grades only (no audit).

    Prerequisite: AEM 2240 . Priority given to AEM students.

    Fall, J. Addoum; spring, S. Yonker.

    This course is designed to advance the understanding of corporate financial decision making. The class will further the corporate finance topics taught in AEM 2240  such cost of capital, capital structure, mergers and acquisitions, and dividend policy. Some topics in international corporate finance topics will also be discussed.

  
  • AEM 4580 - The Economics and Psychology of Sustainable Business


    (CU-SBY)     
    Fall. 3 credits. Letter grades only.

    Prerequisite: AEM 2500 . Enrollment limited to: juniors and seniors. Co-meets with AEM 6580 .

    W. Schulze.

    An exploration of both opportunities and pitfalls of sustainable business using tools from both psychology and economics that are combined in the field of behavioral economics. The course will address the following questions: In a regulatory economy, with complex environmental law and technology, how can managers prevent costly environmental penalties, damage to the company reputation, and lawsuits? When if, and how can firms make money by going green? Can firms save money by reducing pollution? Will consumers pay for green? What business strategies have resulted in success and what strategies in failure? For example, has consumer suspicion of “green-washing” backfired on companies selling green? Answering these questions requires knowledge of law, economics, and psychology. Graduate students will be assigned additional reading and prepare two papers.

  
  • AEM 4590 - Financial Markets And Institutions


         
    Fall. 3 credits.

    Prerequisite: AEM 2240 AEM 2241 

    D. Ng.

    This course examines financial markets and institutions from an asset owner’s perspective. In particular, we study asset markets in stocks, bonds, real assets, illiquid assets, and impact investing. We discuss the roles of key financial institutions such as delegated investing intermediaries, mutual funds, hedge funds, private equity firms, and the Federal Reserve.

    Outcome 1: Students will be able to understand the functioning of financial markets from an asset owners’ point of view.

  
  • AEM 4610 - Business Processes, Analytics and Enterprise Systems


         
    Spring. 1.5 credits. Letter grades only.

    Prerequisites: ECON 1110 , AEM 2200 , AEM 2225 .

    C. Forman.

    Business processes are supported by a complex software infrastructure that interlinks, automates and increases their efficiency. The emphasis of this course is on this software, its relationships to business processes, and how firms can use the data generated by these systems to make decisions more effectively. The course will use a simulation game employing hands-on work with an enterprise software system to understand these relationships and case studies to understand the challenges and best practices for implementing these systems. Students will also investigate the complementary organizational and process adjustment necessary for using enterprise data most successfully. This course will prepare students for careers in management, supply chain, and IT consulting, as well as careers in sales and marketing focused on IT products.

    Outcome 1: Use enterprise systems and business process change to improve operations within an organization.

    Outcome 2: Use enterprise data to make better management decisions.

    Outcome 3: Identify conditions when information technology and associated complementary investments can be used to obtain strategic advantage.

    Outcome 4: Apply frameworks to overcome common challenges that occur during a process change effort.

    Outcome 5: Develop effective skills in communicating managerial decisions and organizational results.

  
  • AEM 4615 - Platform Strategy


         
    Spring. 1.5 credits. Letter grades only.

    C. Forman.

    Business platforms are a set of business and technology building blocks that serve to facilitate the creation of complementary products and services. They are an essential feature of modern economies, particularly among products and services created by software. The emphasis of this course is on how to create, grow, gain value and capture market share from platforms. Course content will draw concepts from network effects, information asymmetry, pricing, and game theory. Students will apply these concepts to make decisions on how to manage platforms in case studies drawing from social media, entrepreneurship, enterprise software, and mobile services, among others. The course will be useful for students interested in founding new businesses, managing technology ventures and investing.

    Outcome 1: Formulate and implement strategies to grow, maintain, and capture value from platforms.

    Outcome 2: Demonstrate competency in applying concepts from economics and strategic management that inform understanding of how and when platforms grow and decline.

    Outcome 3: Identify and analyze evidence of the impact of platforms on markets and broader society and communicate results.

    Outcome 4: Offer critical analysis of contemporary business events related to platforms.

    Outcome 5: Develop effective skills in communicating strategic decisions.

  
  • AEM 4620 - Advanced Financial Modeling and Analysis


         
    Fall (weeks 1-7). 2 credits. No audit.

    Prerequisite: AEM 2240  and AEM 2010 , plus an upper level finance course (AEM 4670 - previously AEM 3500, AEM 4210 AEM 4230 AEM 4260 AEM 4280 AEM 4290 , OR AEM 4570 ) Permission of instructor required.

    V. L. Bogan.

    Focuses on issues involving technology and financial markets. It is designed to equip future finance professionals with the knowledge of key finance systems (Bloomberg) skills and technologies. The lectures and labs teach students to apply their theoretical finance knowledge in real-world situations for the purpose of optimizing their future job performance and increase their marketability. Lectures explore topics on the effects of technology on financial markets. The lab component requires students to complete the 30-hour, self-paced Bloomberg certification process.

  
  • AEM 4630 - [Asset Pricing and Management]


         
    Fall. Next offered 2017-2018. 1.5 credits.

    Prerequisite: AEM 2240  or AEM 2241 . Co-meets with AEM 6630 .

    D. Ng.

    This course examines topics in asset pricing and wealth management. We adopt a quantitative approach to asset management, and examine recent developments in the finance academic and practitioner literature on asset pricing and portfolio management.

    Outcome 1: Students will be able to assess market efficiency.

    Outcome 2: Students will be able to identify risk factors in Financial Markets.

    Outcome 3: Students will be able to rate quality and value investing.

    Outcome 4: Students will be able to explain the role of short sellers and insiders.

  
  • AEM 4640 - Economics of Agricultural Development


    (D-AG, SBA-AG)      
    Fall. 3 credits.

    Prerequisite: ECON 1110  or permission of instructor.

    S. Kyle.

    Provides an understanding of the economics of the agricultural sector in low-income countries.

  
  • AEM 4650 - Strategic Management of Technology and Innovation


         
    Spring. 3 credits.

    W. Sine.

    This is a foundational strategy course for students who will work for firms where innovation and technology is important to the competitive advantage of the firm. This includes tech firms like Google, Facebook, and Amazon as well as traditional technology firms like GE, IBM, and Corning. Innovation is also increasingly important to financial firms such as Capital One, Citibank and Jane Street (a quantitative trading firm). This year we will have guest speakers from Jane Street, Capital One labs and Apple. This course is important for students interested in consulting because innovation is a common topic that consultants have to address. It is also relevant to students with interests in entrepreneurship and corporate venturing.

    Outcome 1: Students will work in a team to solve business and economic problems.

    Outcome 2: Students will demonstrate working knowledge of innovation techniques and ability to apply these to real world settings.

    Outcome 3: Students will identify unmet customer needs and work on teams to construct creative and innovation solutions to resolve these needs.

    Outcome 4: Students will attain analytical and functional competency in basic business.

    Outcome 5: Students will evaluate organizational innovation competencies and deficiencies and recommend a plan to address organizational deficiencies.

  
  • AEM 4660 - Market Dynamics, Computer Simulation and Modeling


         
    Fall, spring (weeks 1-7). 1.5 credits. Letter grades only.

    Prerequisite: an Undergraduate Accounting and Finance course. An upper level Financial Accounting course will be accepted. Juniors and Seniors only. If you are concurrently enrolled in one of the two required prerequisite classes, please contact the instructor to request an exception. Students not meeting prerequisites will be dropped.

    D. Streeter.

    Course is required for completing the Dyson Business Minor for Engineers, but is open to all majors. By participating in a business simulation, students get experience applying key business principles, such as finance, accounting, marketing, economics and management in dynamic marketing settings. Participants make team-based and individual decisions based on imperfect information and aggressive time constraints. Through analysis, coaching and facilitation, the experience leads to learning the ways specific business decisions influence firm performance in a dynamic marketplace.

    Outcome 1: Providing practice for decision-making under uncertainty.

    Outcome 2: Understanding competitive markets and landscapes.

    Outcome 3: Working in diverse teams under time pressure.

    Outcome 4: Applying core business principles to a practical setting.

    Outcome 5: Integrating theory with practice in terms of business management education.

  
  • AEM 4670 - Investments


         
    Fall, spring. 3 credits. Letter grades only (no audit).

    Prerequisite: AEM 2240 .

    Fall, S. Watugala; spring, S. Yonker.

    This course is designed to further the understanding of institutional investment management. The course covers key concepts in risk return trade-offs and asset allocation. Students are expected to implement various techniques using real world data. The course also covers select topics in portfolio risk management and current regulatory adjustments.

    Outcome 1: Course will deepen the students’ understanding of the core principles behind investment and Portfolio Management.

    Outcome 2: Offers focus on the theoretical foundations of asset prices, with particular focus on the largest asset classes: Bonds, Equities, and Derivatives (Options).

    Outcome 3: Students will be able to manage portfolios across asset classes, and learn how assets are priced either through no arbitrage arguments or general equilibrium price theory.

    Outcome 4: Students will learn how these concepts are extended in an international framework, and how macroeconomic and global factors can affect investment decisions and asset prices.

  
  • AEM 4700 - Dyson Leadership Development Program


         
    Fall, spring. 1 credit. Letter grades only (no audit).

    Permission of instructor required. Enrollment limited to: students who have completed 3/4 of the LDP requirements and are in their final semester.

    K. Kniffin.

    This capstone course will only be open to students who have completed 75% of the required elements of the Dyson School’s Leadership Development Program. The course will provide a structured environment for students to apply lessons they have learned through Program offerings with leadership experiences they have gained over the past two years (e.g., in a student organization).

    Outcome 1: Review and apply lessons learned from research articles and course materials that students have engaged as part of the Leadership Development Program.

    Outcome 2: Produce a term paper that qualitatively integrates their own experiences in relation to published academic research concerning leadership.

  
  • AEM 4940 - Undergraduate Special Topics in Applied Economics and Management


         
    Fall, spring, summer. 1-4 credits, variable.

    Staff.

    The department teaches “trial” courses under this number. Offerings vary by semester and are advertised by the department before the beginning of the semester.

  
  • AEM 4960 - Applied Economics and Management Internship


         
    Fall, spring. 1 credit. S/U grades only.

    Enrollment limited to: AEM students only. Students must register using the AEM Internship Contract form available online

    D. Grossman.

    Evaluation of internship experience requiring the following written submission at the end of the term. 1) Internship job description and copies of training materials provided. 2) Weekly diary including descriptions of job responsibilities and reflections/insights on those experiences. 3) Three to five page paper reflecting on how the internship related to the academic program. All internships must be approved by the internship coordinator before the work experience segment.

    Outcome 1: To practice effective communication skills in a workplace environment.

    Outcome 2: To perfect teamwork skills in an office environment.

    Outcome 3: To practice the skills needed to be critical consumers of business information and research.

    Outcome 4: To learn to find solutions for real business problems.

  
  • AEM 4970 - Individual Study in Applied Economics and Management


         
    Fall or spring. 1-6 credits, variable.

    Students must register using CALS Special Studies form available online.

    Staff.

    Used for special projects designed by faculty members.

  
  • AEM 4980 - Supervised Teaching Experience


         
    Fall or spring. 1-4 credits, variable.

    Students must register using CALS Special Studies form available online.

    Staff.

    Designed to give qualified undergraduates experience through actual involvement in planning and teaching courses under the supervision of department faculty. Students cannot receive both pay and credit for the same hours of preparation and teaching.

  
  • AEM 4990 - Undergraduate Research


         
    Fall, spring, summer. 1-4 credits, variable.

    Prerequisite: GPA of at least 2.7. Students must register using CALS Special Studies form available online.

    Staff.

    Permits outstanding undergraduates to carry out independent study of suitable problems under appropriate supervision. Students cannot receive both pay and credit for the same hours of work.

  
  • AEM 4992 - Undergraduate Accounting and Tax Research


         
    Fall, spring. 1-4 credits, variable.

    Prerequisite: GPA of at least 2.7. Students must register using CALS Special Studies form available online. Permission of instructor required.

    Dyson Accounting Staff.

    Permits outstanding undergraduates to carry out independent study of suitable problems under appropriate supervision. Students cannot receive both pay and credit for the same hours of work. This course meets one of the educational components of the New York state CPA exam.

  
  • AEM 5225 - Systems and Analytics in Accounting


         
    Spring. 3 credits.

    Prerequisites: AEM 2210  or AEM 2225 , AEM 2100 . Co-meets with AEM 4225 .

    E. Lewis.

    An investigation of the systems and software that capture and store accounting and economic information, and of the tools and techniques that support a robust use of that data for the benefit of individual enterprises and greater society. Topics include “Big Data”, Data Visualization, Optimization Tools and Accounting Support Systems and Databases. Students taking this course at the graduate level will have a semester project related to the extension of the utility of large data sets beyond their initial purposes.

    Outcome 1: Gain and demonstrate an understanding of the Systems and Software that support the financial functions of modern and complex business enterprises.

    Outcome 2: Engage these systems in support of the array of decisions that internal and external accountants encounter in the practice of their discipline.

    Outcome 3: Investigate and develop the analytical tools that support the use of “Big Data” to address questions that reach beyond the boundaries of individual enterprises.

    Outcome 4: Further explore the ethical framework within which accounting and assurance professionals and academics employ their skills, and discuss the risks of working with Big Data and the safeguards that are available to address those risks.

    Outcome 5: Refine the cooperative work and leadership skills that are critical to success in this field through the completion of high quality analysis and casework in analytical teams.

  
  • AEM 6010 - [Writing Competitive Research Proposals]


         
    Spring. Next offered 2017-2018. 3 credits. Letter grades only (no audit).

    Prerequisite: Graduate standing.

    M. Constas.

    Research proposals are a core part of many different educational and professional activities. Theses, fellowship applications, and contract research usually require research proposals. The purpose of this class is to help students understand and apply the way in which research proposals are conceptualized and constructed. Students in this class will develop the skills needed to identify and formulate a plan of research for a specific research question. As part of the proposal writing process, students will learn to how draw on existing theory and research to focus their work and they will also learn how plans for data collection and analysis are included in proposals. The main outputs from the class are a completed draft of a research proposal and presentation that summarizes the proposal.

    Outcome 1: Students who engage with course materials and complete assigned activities will be able to: Identify topic of research that has both practical and theoretical significance

    Outcome 2: Explain how a given research topic is situated within and may be refined by existing research/theory.

    Outcome 3: Formulate a research question that will advance the current state of knowledge for a given topic.

    Outcome 4: Develop a research plan that specifies research design, data collection, and analyses.

    Outcome 5: Produce and present a coherently expressed research proposal that provides a well detailed plan of research and compelling case for a given research topic.

  
  • AEM 6030 - Risk Management and Optimization


         
    Spring (weeks 8-14). 1.5 credits. Letter grades only.

    C. G. Turvey.

    This course is a half-semester course course in mathematical programming designed to deepen an understanding of the role of risk in a portfolio choice framework. As a complement to AEM6050, Agricultural Finance and Development, this course should be of particular interest to students in, agricultural finance, agricultural economics, development economics, financial economics, or any other related discipline. The focus of the course is in the design and structure of mathematical programming models that include risk. Core to this is the understanding of primal and dual structures and the importance of Kuhn-Tucker conditions in the economic interpretation of mathematical programming solutions. Topics may include, but are not limited to 1. An introduction to linear programming and model structure 2. Portfolio choice and quadratic programming in investments and agriculture. 3. Direct Expected Utility Maximization 4. Semi-variance and non-convex models of risk.

    Outcome 1: Explain the use and application of mathematical programming techniques to problems of portfolio selection and risk optimization.

    Outcome 2: Explain the mathematical and economic relationships of dual structures in nonlinear optimization models.

    Outcome 3: Develop linear and nonlinear risk models to a variety of economic problems in finance and agriculture.

  
  • AEM 6050 - Agricultural Finance and Development


         
    Spring (weeks 1-7). 1.5 credits. S/U grades only (no audit).

    Prerequisite: AEM 2240  or AEM 4050  or equivalent. Enrollment limited to: Graduate students with an interest in finance and development.

    C. G. Turvey.

    This course is a seminar course dedicated to understanding the role of agricultural finance in developed and developing economies. Weekly instruction will include lectures on key issues as needed and discussion of scholarly research. Topics may include, but are not limited to the role of credit in agricultural productivity, financial inclusion and rural transformation, the role of microcredit in agricultural development, agricultural credit policies, risk and credit.

    Outcome 1: Interpret the role of financial services in to agricultural production and related businesses.

    Outcome 2: Explain the role of inclusive finance in agricultural development.

    Outcome 3: Explain the relationship between business and financial risks and risk balancing.

    Outcome 4: Interpret methods of investigation into the access and use of financial services in agricultural development.

  
  • AEM 6061 - Risk Simulation and Monte Carlo Methods


         
    Spring. 4 credits. Letter grades only.

    Prerequisites: Students should have a basic understanding of agricultural, corporate, or managerial finance. Enrollment limited to: registered graduate students from any field. Co-meets with AEM 4060 .

    C. G. Turvey.

    Risk Simulation and Monte Carlo Methods deals with the concepts of randomness and risk in financial management, project analysis, capital budgeting, stock valuations, derivatives, and investment portfolios. The focus of the course is on applying realistic probability models through Monte Carlo simulation and optimization to a wide variety of relevant problems in investment, agriculture and other applications. In a addition to lectures, weekly seminars will This seminar will explore the development of Monte Carlo simulation from a historical point of view, examine in greater detail stochastic processes, and understand the basic structure of Ito processes and the stochastic calculus and how to employ these techniques in Monte Carlo simulations.

    Outcome 1: Explain the development of Monte Carlo simulation from a historical point of view.

    Outcome 2: Use simulation in experimental mathematics.

    Outcome 3: Use the basic structure of Ito processes and the stochastic calculus to employ these techniques in Monte Carlo simulations.

    Outcome 4: Apply Monte Carlo techniques to problems of cash flow management, pro-forma financial projections, stock valuation, NPV project valuation, financial options, and real options to problems in financial economics and agriculture.

  
  • AEM 6070 - Advanced Financial Analytics with Applications in Agriculture and Development


         
    Spring. 3 credits. Letter grades only (no audit).

    Prerequisite: Basic programming knowledge and statistical knowledge, or a course in programming (Python, C++, MATLAB, etc.) highly recommended and assumed. Appropriate for graduate students in AEM, or graduate students in a technical field such as Engineering/CS who have an interest in finance. Enrollment limited to: graduate standing. Co-meets with AEM 4070 .

    J. Woodard.

    Advanced course in applying skills learned in finance and statistics to development of analytical tools and financial products, including topics in computational finance, financial engineering for agriculture and development, working with and analyzing big data and large scale empirical applications, risk management systems, interacting with and using database servers using SQL, and associated strategic and operational considerations. Focus will be on exposing students to the technical and analytic pipeline involved in bringing new financial products to market, including problem identification, concept development, research and development, prototyping, and technical deployment. An independent guided group project will be required. Course will primarily utilize MATLAB, Microsoft SQL Server, and Excel/VBA. AEM 6070 grad students will be required to write a paper in the style of a peer reviewed journal based on the research and model developed, couched within a relevant research question.

    Outcome 1: Students will be able to apply fundamentals of finance, statistics, and agriculture to develop and deploy financial products and analytical tools in an industrial setting, including model building/implementation and database use and integration.

  
  • AEM 6080 - Production Economics

    (crosslisted) ECON 4830  
         
    Fall. 3 credits. Letter grades only (no audit).

    Prerequisite: ECON 3030  and MATH 1110  or equivalents.

    L. W. Tauer.

    Studies the theory of production economics with emphasis on applications to agriculture and natural resources. Topics include the derivation, estimation, and use of production, cost, profit, revenue, demand, and supply functions. Discusses the concepts of efficiency and productivity. Introduces production response over time and under risk.

  
  • AEM 6120 - Applied Econometrics


         
    Fall. 3 credits.

    Prerequisite: Introductory Calculus and Introductory Statistics.             Intended for masters students.

    D. R. Just.

    Students will learn the derivation and use of standard econometric estimators including the general linear model, common maximum likelihood estimators and simultaneous equation estimators. Students will complete a semester long applied project applying concepts from the course.            

    Outcome 1: Connect economic theory and data using econometric estimation techniques.

    Outcome 2: Derive the OLS, GLS, IV and maximum likelihood estimators.

    Outcome 3: Identify appropriate estimators and apply those estimators.

  
  • AEM 6125 - Impact Evaluation in Developing Countries


         
    Fall. Letter grades only (no audit).

    Prerequisite: graduate level statistics or econometrics.

    M. Constas.

    Significant resources are regularly dedicated  to programs and policies aimed at improving the well-being of the world’s poor. With what degree of confidence can observed changes in an outcome be attributed to a given intervention, program or policy?  What are the characteristics of evaluation designs, quantitative and qualitative data collection methods, and analyses that allow plausible cause and effect attributions to be made? The purpose of the class in impact evaluation is to explore how questions of this kind are framed and empirically investigated. Students will learn about impact evaluation by examining evaluation designs and causal modeling techniques and by performing fundamental evaluation tasks. As an application activity, the class will work directly with individuals in agencies who administer and evaluate programs in developing countries.

    Outcome 1: Understand and be able to explain the basic aims of evaluation and recognize the specific objectives served by impact evaluation.

    Outcome 2: Understand and be able to explain way in which impact evaluation is based on a set of theoretical propositions on the nature and demands of causal inference.

    Outcome 3: Understand and critically assess different types of designs that are used to produce plausible counterfactuals.

    Outcome 4: Develop and demonstrate the ability to apply knowledge of impact evaluation to design an evaluation proposal for an actual intervention.

  
  • AEM 6140 - Behavioral Economics and Managerial Decisions


         
    Fall. 3 credits. Letter grades only.

    Forbidden Overlap: AEM 4140 
    Prerequisites: ECON 3030  or PAM 2000 . Course fee: $40. Enrollment limited to: graduate students. Co-meets with AEM 4140 .

    W. P. Schulze.

    Behavioral economics integrates psychology and economics by identifying systematic anomalies in decision making. These are now recognized to be an important source of error in business decisions, and they provide the foundation for both behavioral marketing and finance. The course compares rational choice theory with behavior both in lecture and through a series of economics experiments in which students face situations that are likely to lead to anomalies such as “the winner’s curse,” the status quo bias, hyperbolic discounting, and bias in assessing risks. Students have the opportunity to evaluate their own decision making.

    Outcome 1: Students will be able to explain the major decision making anomalies that constitute the core of behavioral economics.

    Outcome 2: Apply lessons from behavioral economics to actual business decision making.

    Outcome 3: Design laboratory experiments testing hypotheses from economics and psychology that relate to economic decision making.

    Outcome 4: Explain IRB requirements and procedures regarding human subjects and confidentiality.

    Outcome 5: Administer experiments and analyze the data.

  
  • AEM 6145 - Business and Management Fundamentals for STEM Graduate Students


         
    Spring. 3 credits.

    Permission of instructor required. Enrollment limited to: Graduate students enrolled in a STEM discipline.

    R. Karpman.

    Basic business and management skills are necessary to advance your career no matter what area of STEM discipline you plan to pursue. The purpose of this course is to provide the skills necessary to present a strong business case for any new biomedical or life science technology. Like any foreign language, “business eeze” has its own vocabulary, grammar principles and culture. The course will be presented in a similar fashion utilizing STEM case studies to emphasize and immerse the student in business and managerial principles.

    Outcome 1: Discuss the components and importance of a financial statement. Calculate the cost and benefit of new equipment.

    Outcome 2: Differentiate between marketing and advertising. Recognize his/her own personal strengths and weaknesses.

    Outcome 3: Converse confidently with those involved in the technology “business”.

    Outcome 4: Determine the value of new biomedical technology from a business perspective.

    Outcome 5: Prepare a strong business case for any new biomedical device or technology.

    Outcome 6: Explain the difficulties in getting new technology into the healthcare marketplace.

  
  • AEM 6245 - Organizational Behavior


         
    Fall. 3 credits. Letter grades only.

    Forbidden Overlap: ILROB 1220 ILROB 5200  and HADM 1150 .
    Prerequisite: Graduate standing. Co-meets with AEM 3245 .

    K. Kniffin.

    This course examines evidence-based principles of individual and group behavior in relation to leadership and management. Topics include the nature and design of groups, the factors that improve team performance, and the importance of skills including dispute resolution, persuasion, and negotiations, Assignments provide opportunities for the engagement and application of analytical skills relating to real-world organizations. Graduate students are required to complete more detailed written assignments (e.g., more pages, deeper analyses; and integration of more research) in addition to all assignments required of the undergraduates.

    Outcome 1: Students will be able to juxtapose and consider organizational dynamics that involve individuals and groups across a wide array of model domains.

    Outcome 2: Students will closely and directly engage an array of research/analytic methodologies that have applicability across industries.

    Outcome 3: Students will leverage lessons that are available from their past organizational experiences for the purposes of leadership development as well as organizational analysis and management.

  
  • AEM 6300 - [Policy Analysis: Welfare Theory, Agriculture, and Trade]

    (crosslisted) ECON 4840  
         
    Spring (not offered every year). Next offered 2017-2018. 4 credits.

    Prerequisite: AEM 6080 , and ECON 3030 , or equivalent intermediate micro theory course incorporating calculus.

    H. de Gorter.

    The first half of the course surveys the theory of welfare economics as a foundation for public policy analysis. Major issues addressed include the problem of social welfare measurement, the choice of welfare criteria, and the choice of market or nonmarket allocation. Basic concepts covered include measurement of welfare change, including the compensation principle, consumer and producer surplus, willingness-to-pay measures, externalities, and the general theory of second-best optima. The second half focuses on public policy analysis as applied to domestic agricultural policy and international trade. The domestic policy component examines major U.S. farm commodity programs and related food and macroeconomic policies and analyzes their effects on producers, consumers, and other groups. The international trade component examines the structure of world agricultural trade, analytical concepts of trade policy analysis, and the principal trade policies employed by countries in international markets.

  
  • AEM 6320 - [Open Economy Analysis: Theory and Applications]


         
    Spring. 2 credits.

    Prerequisite: ECON 3030 /ECON 3040  or permission of instructor.

    N. H. Chau.

    Explores both recent theoretical and methodological advances as well as practical applications in analyzing current topics and issues in open economies. Brings together research methods pertinent to open economy macroeconomics and international trade policies to give students a basic understanding of how different aspects of contemporary debates are analyzed in practice.

    Outcome 1: Ability to understand contemporary theories of international trade and international trade policies.

    Outcome 2: Ability to conduct independent empirical research on international trade and international trade policies.

  
  • AEM 6325 - Leadership and Management in Sports


         
    Fall. 3 credits. Letter grades only.

    Co-meets with AEM 3320 .

    K. Kniffin.

    This course draws upon the study of sports for the purpose of understanding and studying evidence-based principles of individual and organizational behavior. Topics include the nature of motivation, momentum, and coaching as well as the challenges of talent identification, team-level coordination, and strategy development. Assignments provide opportunities for the development and application of analytic skills relating to leadership and management.

    Outcome 1: Students will be able to consider and juxtapose organizational dynamics that involve individuals and teams across and beyond the domain of sports.

    Outcome 2: Students will closely and directly engage an array of research/analytic methodologies that applicability inside and outside of sports-focused organizations.

    Outcome 3: Students will leverage lessons that are available from the study of sports for the purposes of leadership development as well as organizational analysis and management.

  
  • AEM 6390 - Research Methods in International Development


         
    Spring. 3 credits.

    Enrollment limited to: graduate standing. Co-meets with AEM 3390 .

    A. K. Basu.

    This is a research methods course that uses basic statistics and quantitative techniques to analyze selected topics in international development. The aim of this course is to expose students to the various methodologies used by researchers in the field of international development: (i) core concepts such as poverty and inequality measurement (use of basic statistics); distributive justice (use of basic game theory) and governance issues in developing economies (use of basic public economics/welfare theorems/voting theories) and (ii) study of specific topics that are at the frontier of international development research where students will be required to gather data, design surveys and use basic econometrics tools in their assignments. Graduate students will be required to undertake an original survey, write an analysis of their findings, and present their research to the class.

    Outcome 1: Attain analytical competency in applied economics.

    Outcome 2: Demonstrate quantitative skills in basic math and statistics.

    Outcome 3: Demonstrate ability to solve problems in development economics.

    Outcome 4: Develop effective communication skills in applied economics.

    Outcome 5: Demonstrate strategic thinking skills in applied economics.

  
  • AEM 6400 - Analysis of Agricultural Markets

    (crosslisted) ECON 3920 
         
    Fall. 3 credits. Letter grades only.

    Prerequisite: AEM 4110  and AEM 4150  or equivalents.

    H. M. Kaiser.

    Focuses on the unique features of agricultural commodity markets. Emphasizes government and private institutions that affect these markets, as well as on models of price behavior including marketing margins and imperfect competition. Also covers empirical tools to evaluate market characteristics.

  
  • AEM 6410 - Commodity Futures and Options


         
    Spring. 4 credits. Letter grades only.

    Enrollment limited to: registration as a graduate student in MS, MPS or PhD. Co-meets with AEM 4210 .

    C. G. Turvey.

    This course focuses on markets for agricultural futures and options contracts. Lectures address hedging and risk management with futures and options as well as the structure of risk and random walks. Graduate students registered in AEM 6410 will have an additional weekly seminar discussing key papers in the theories and practice of futures and options applied to agriculture.

    Outcome 1: Explain the role of futures, options and other derivatives in the pricing of agricultural products.

    Outcome 2: Price forwards and options (“pricing models”).

    Outcome 3: Explain the fundamental probabilities and dynamics describing asset risk.

    Outcome 4: Develop and understand hedging and trading strategies with derivatives.

    Outcome 5: Use derivatives to reallocate risk.

    Outcome 6: Use derivatives for corporate risk management.

    Outcome 7: Explain the financial crisis arose and how to prevent it.

    Outcome 8: Explain how to design and value financially engineered products including exotic options and weather derivatives.

  
  • AEM 6440 - Consumer Behavior


         
    Fall. 3 credits.

    Co-meets with AEM 3440 .

    B. Wansink.

    Develops a useful, conceptual understanding of the problem and strategies associated with the psychology behind consumer behavior. In doing so, the course provides frameworks that enable students to address these issues responsibly, systematically, and creatively.

  
  • AEM 6450 - Sustainability Marketing


         
    Fall. 3 credits. Letter grades only.

    Prerequisite: AEM 2420  or AEM 2400  or permission of instructor. Co-meets with AEM 3450 .

    M. Constas.

    This course focuses on how the demand for environmentally responsible business practice can be leveraged to construct an effective marketing strategy. Students who enroll in the class will: 1. Develop the capacity to view a range of emerging environmental issues and regulatory pressures as presenting a set of strategic opportunities across various business sectors, 2. Recognize the way in which environmental impact marketing employs strategies that are related to but also distinct from conventional marketing, 3. Apply knowledge from environmental impact marketing to identify strategies and tactics used by corporations that have successfully integrated sustainability and profitability. Marketing principles discussed in the course will also be related to selected topics of interest including corporate social responsibility, social entrepreneurship, and environmental performance metrics. A focused research paper is required. In this paper, each student will analyze the way in which sustainability performance metrics have been and might be used as part of marketing strategy. The paper may be undertaken as sector-level analysis or as comparison between two competitors.

    Outcome 1: Students will develop the capacity to view a range of emerging environmental pressures as presenting a set of strategic opportunities for different business sectors.

    Outcome 2: Students will be able to recognize the way in which environmental impact marketing employs strategies that are related to but also distinct from conventional marketing.

    Outcome 3: Students will know how to use knowledge of environmental impact marketing to evaluate marketing strategy.

  
  • AEM 6480 - Food and Consumer Packaged Goods Industry Dynamics


         
    Spring. 3 credits.

    Enrollment limited to: graduate student in the MPS-ABEIC Program. Co-meets with AEM 2480 .

    R. Hawkes.

    Covers merchandising principles and practices as they apply to food industry situations. Examines the various elements of merchandising such as buying, pricing, advertising, promotion, display, store layout, profit planning and control, and merchandising strategy. Considers the consequences of food industry trends and initiatives for other industry members, public policy makers, and consumers. A 3-4 page (max) report on each of the Guest Speaker presentations focusing on identifying links to behavioral economics principles and solutions to problems/issues raised by the speaker is required. Students will also meet outside class to discuss guest speaker presentations in the context of their own ongoing projects.

    Outcome 1: Students will explore the dynamics of food distribution systems and the economic principles that underlie food industry dynamics.

    Outcome 2: Student assignments and exams will require finding, evaluating, and ethically using information.

    Outcome 3: Student assignments will require integration of quantitative and qualitative information to propose solutions.

    Outcome 4: Student assignments will be graded for clarity and composition.

    Outcome 5: Students will complete both individual and team assignments.

  
  • AEM 6485 - Economics of Food and Malnutrition

    (crosslisted) NS 6480  
    (SBA-HE)      
    Spring. 3 credits. Letter grades only.

    Prerequisite: ECON 1110  , AEM 2100  , or equivalent, and 9 additional credits in Economics, Applied Economics, or Nutrition. Recommended prerequisite: ECON 3140  , NS 3600  , or equivalents. Co-meets with AEM 4485 .

    J. Hoddinott.

    For description and learning outcomes, see NS 6480 .

  
  • AEM 6510 - [Environmental and Resource Economics]


    (CU-SBY)     
    Fall, spring. Next offered 2017-2018. 4 credits.

    Prerequisite: MATH 1110  or equivalent. Enrollment limited to: graduate standing. Open to graduate students outside economics. Core course for environmental management concentration/option.

    G. L. Poe.

    Review of welfare economics, environmental externalities, and common property resources, and a survey of current environmental and natural resource policy. Covers techniques for measuring benefits and costs-including property value and wage hedonic approaches, travel cost models, and contingent evaluation. Describes survey/data collection methods in detail. Explores innovative market mechanisms for resolving public good, common property, and externality problems. Students are required to complete a paper describing their own formal economic analysis of a natural resource or environmental problem.

  
  • AEM 6580 - The Economics and Psychology of Sustainable Business


    (CU-SBY)     
    Fall. 3 credits. Letter grades only.

    Prerequisite: graduate students must have taken AEM 6510 . No prerequisite for MBA students. Co-meets with AEM 4580 .

    W. Schulze.

    An exploration of both opportunities and pitfalls of sustainable business using tools from both psychology and economics that are combined in the field of behavioral economics. The course will address the following questions: In a regulatory economy, with complex environmental law and technology, how can managers prevent costly environmental penalties, damage to the company reputation, and lawsuits? When if, and how can firms make money by going green? Can firms save money by reducing pollution? Will consumers pay for green? What business strategies have resulted in success and what strategies in failure? For example, has consumer suspicion of “green-washing” backfired on companies selling green? Answering these questions requires knowledge of law, economics, and psychology. Graduate students will be assigned additional reading and prepare two papers.

  
  • AEM 6600 - Natural Resources and Economic Development


    (CU-SBY)     
    Spring. 3-4 credits, variable. Letter grades only.

    Enrollment limited to: graduate standing. Open to graduate students outside economics. Additional section TBA for economics majors.

    D. R. Lee.

    Examines selected topics in natural resources, agricultue and economic development, technology assessment, ecosystem management and the environment, with a focus on developing countries. Topics include production, poverty, and environmental trade-offs; sustainable technology development; ecosystems and agro-ecosystems; valuation of ecosystem services, and PES programs; trade and environment linkages; economics of conservation and development; and alternative methodologies for analyzing these interactions. Readings emphasize the economic literature, but also draw from the biophysical sciences, ecosystem management, and the broader social sciences.

  
  • AEM 6630 - [Asset Pricing and Management]


         
    Fall. Next offered 2017-2018. 1.5 credits.

    Prerequisite: AEM 2240  or AEM 2241 . Co-meets with AEM 4630 .

    D. Ng.

    This course examines topics in asset pricing and wealth management. We adopt a quantitative approach to asset management, and examine recent developments in the finance academic and practitioner literature on asset pricing and portfolio management. Graduate students enrolled in 6630 will be engaged in a project which involves managing a simulated portfolio and presenting their results to the class.

    Outcome 1: Students will be able to assess market efficiency.

    Outcome 2: Students will be able to identify risk factors in Financial Markets.

    Outcome 3: Students will be able to rate quality and value investing.

    Outcome 4: Students will be able to explain the role of short sellers and insiders.

  
  • AEM 6670 - [Topics in Economic Development]

    (crosslisted) ECON 7700  
         
    Spring. Next offered 2017-2018. 3 credits.

    Prerequisite: basic first-year courses in ECON or AEM or permission of instructor. Enrollment targeted to: second and third-year graduate students.

    S. M. Kanbur.

    Topics vary from year to year but may include poverty, inequality, intra-household allocation, structural adjustment, and debt. Examination is by term paper.

  
  • AEM 6700 - Economics of Consumer Demand


         
    Fall. 3 credits. Letter grades only.

    Prerequisite: ECON 3030 , MATH 1110 , and AEM 4110  or equivalents.

    M. Gómez.

    This is an introductory course in microeconomic theory and its empirical applications focusing on consumer demand. It uses core of consumer theory and mathematical economics to develop and estimate a variety of econometric models of consumer behavior and demand response. Considers models of aggregate, discrete choice, and discrete-continuous demand models; and their applications using secondary data and large point-of-purchase data. Examines applications of experimental economics to study consumer behavior and demand response. Introduces time series models to forecast demand and analyze price transmission.

    Outcome 1: Define the theories and the types of data available for estimating models of consumer demand.

    Outcome 2: Develop a variety of econometric models that address fundamental problems in conventional econometric analysis of consumer demand.

    Outcome 3: Analyze the literature on applied demand analysis.

    Outcome 4: Demonstrate experience in framing, solving, and communicating solutions to economic research problems.

    Outcome 5: Preparation for advanced courses in microeconomics.

  
  • AEM 6940 - Graduate Special Topics in Applied Economics and Management


         
    Fall or spring. 1-4 credits, variable.

    Staff.

    The department teaches “trial” courses under this number. Offerings vary by semester and are advertised by the department before the beginning of the semester.

  
  • AEM 6960 - Perspectives in International Development

    (crosslisted) PLSCS 6960 , IARD 6960 , NTRES 6960  
         
    Fall, spring. 1 credit. S/U grades only.

    L. Buck, R. Christy, J. Lauren.

    For description, see IARD 6960 .

  
  • AEM 6980 - Supervised Graduate Teaching Experience


         
    Fall, spring. 1-4 credits, variable (may be repeated up to 4 credits).

    Permission of instructor required. Enrollment limited to: graduate students. Undergraduates should enroll in AEM 4980 .

    Staff.

    Designed to give graduate students teaching experience through involvement in planning and teaching courses under the supervision of departmental faculty members. The experience may include leading discussion sections, preparing, assisting in, or teaching lectures and laboratories, and tutoring. Students are expected to actually teach at least one hour per week for each credit awarded. Students may not receive both pay and credit for the same hours of preparation and teaching.

  
  • AEM 6990 - M.P.S. Research


         
    Fall, spring. 1-6 credits, variable.

    Enrollment limited to: M.P.S. students. Credit granted for M.P.S. project report.

    Staff.

    Students complete a problem solving project addressing practical issues in applied economics and/or management.
     

  
  • AEM 7000 - Individual Study in Applied Economics and Management


         
    Fall or spring. 1-9 credits, variable.

    Enrollment limited to: graduate students. Credit, class hours, and other details TBA with faculty member.

    Staff.

    Used for special projects designed by faculty members. More than one topic may be given each semester in different sections. Student must register in section appropriate to topic being covered; section number is provided by instructor.

  
  • AEM 7010 - Applied Microeconomics I


         
    Fall, spring. 3 credits. Letter grades only.

    Prerequisite: ECON 6090  and ECON 6100 , and AEM 7100  or equivalent. Enrollment limited to: Ph.D. students only. Required for all first-year AEM Ph.D. students.

    J. Liaukonyte.

    Covers economic models and empirical applications in consumer demand and production economics.

    Outcome 1: Provide economic models and empirical applications in consumer demand and production economics.

  
  • AEM 7020 - Applied Microeconomics II


         
    Spring. 4 credits. Letter grades only (no audit).

    Prerequisite: ECON 6090  and ECON 6100 , and AEM 7100  or equivalent. Enrollment limited to: Ph.D. students only. Required for all second-year AEM Ph.D. students.

    N. Chau, J. Conrad, C. Forman, D. R. Just.

    Covers economic models and empirical applications in welfare economics, risk analysis, and industrial organization.

  
  • AEM 7030 - Graduate Seminar - Required


         
    Fall, spring. 1 credit. S/U grades only.

    Required for all first and second year PhD students and all MS students in the Dyson School.

    D. R. Just.

    Students are exposed to the cutting edge research by visiting lecturers in applied economics and management. Additional lectures cover important skills for success in graduate study in applied economics and management.

    Outcome 1: To provide graduate students an understanding of the state of the art in research in the fields of applied economics. Students should be able to assess the quality and level of innovation of research manuscripts upon completion of this course.

  
  • AEM 7100 - Econometrics I


         
    Spring. 3 credits.

    Prerequisite: matrix algebra and statistical methods courses at level of ILRST 3110  or ECON 6190 .

    S. Li.

    This is an applied econometrics course with an extensive “hands-on” approach. Covers linear and discrete choice models and estimation methods such as GMM and MLE. Programming using Stata or Matlab is expected.

    Outcome 1: Solidify students’ econometric foundation and prepare them for empirical work in various fields.

  
  • AEM 7130 - [Dynamic Optimization]


         
    Spring. Next offered 2017-2018. 3 credits. Letter grades only.

    Prerequisite: ECON 6090  and ECON 6170 .

    J. M. Conrad.

    Concerned with the solution of dynamic allocation problems. Objectives are to (1) pose prototype optimization problems in discrete and continuous time, (2) introduce the common methods for solving prototype problems, (3) present a set of numerical problems, and thereby (4) equip students with basic theory and methods to perform applied research on dynamic allocation problems.

  
  • AEM 7150 - Applied Microeconomic Research I


         
    Fall. 1 credit. S/U grades only.

    Enrollment limited to: AEM Ph.D. students only. Required for all second-year AEM Ph.D. students.

    S. Li.

    This course consists of an applied microeconomic research project. Students are required to select a mentor for the project.

  
  • AEM 7151 - Applied Microeconomic Research II


         
    Spring. 1 credit.

    Enrollment limited to: AEM Ph.D. students only. Required for all second-year AEM Ph.D. students.

    D. R. Just.

    Consists of an applied microeconomic research project. Students are required to select a mentor for the project.

  
  • AEM 7350 - [Public Finance: Resource Allocation and Fiscal Policy]

    (crosslisted) ECON 7350  
         
    Spring. Next offered 2017-2018. 4 credits.

    Prerequisite: ECON 6090 .

    S. M. Kanbur.

    For description, see ECON 7350 .

  
  • AEM 7440 - Advanced Consumer Research


         
    Fall. 3 credits. Letter grades only.

    Enrollment limited to: graduate standing. Priority given to CALS Ph.D. students, especially in AEM, nutritional science, or food technology.

    B. Wansink.

    Workshop providing students with a unique opportunity to develop an advanced theory-based understanding of consumers by using innovative methods and new research techniques. Class sessions alternate theory with implementation.

 

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