## FINANCE 121: Undergraduate Finance Research and Discussion Seminar

This seminar is designed to provide some experience with research methods and topics in finance, and to assist undergraduates with career interests in financial research, whether academic or not, with preparation for those careers. The seminar meetings are weekly and discussion based, covering a range of issues and methods in financial economics. Students are expected to prepare a 30-minute research presentation once during the quarter. To be considered for enrollment in this course, please complete and submit this short application by December 3, 2019, 11:59pm PST. Accepted students will be notified on December 7, 2019 by 6:00pm. Link to application:
https://forms.gle/8nsGPBV6rCMAF1of9

Terms: Win
| Units: 1

Instructors:
Duffie, D. (PI)

## FINANCE 207: Corporations, Finance, and Governance in the Global Economy

As entrepreneurs, global leaders, and change agents tasked with developing transformative solutions of tomorrow, you will need certain skills and tools to interact with and navigate the complex and ever-changing financial landscape. This course focuses on the development of these skills and tools through the analysis of concise real-world financial situations around the globe. Topics include valuation of cash flows and control; the capital structure, payout policy and governance of both mature and entrepreneurial firms; restructuring and managing financial distress; the use of public markets to obtain liquidity and multiple share classes to retain control; financing and governance in venture capital and private equity; the rise of activism; and social responsibility and debates about the objectives of the firms of the present and future. This course is taught jointly by Professors Rauh and Seru.

Terms: Win
| Units: 3

Instructors:
Seru, A. (PI)

## FINANCE 211: Corporate Finance: Applications, Techniques, and Models

This course will develop and apply the basic tools and models of corporate finance to real-world corporate decisions. This course is designed to be the second course in the standard finance sequence; that is, it is designed to be the natural follow-up to the Winter Managerial Finance course. This course will develop and extend standard tools and techniques of financial analysis, valuation, and model-building, and apply these methods to a wide range of cases. Case topics will include mergers and acquisitions, private equity, corporate governance, capital structure, agency conflicts, and corporate restructuring. For all of these applications, this course will emphasize the central importance of financial analysis, valuation, and modeling to guiding optimal decision making.

Terms: Win
| Units: 3

Instructors:
Mertens, T. (PI)

## FINANCE 305: Capital Markets and Institutional Investing

This course teaches recent advances in asset allocation and management. We emphasize the practical implementation of asset allocation and management tools in allocating assets, selecting asset managers and managing risk. The course focuses on alternative asset classes. Students apply these tools to real-time data in the computer lab. Topics covered include Asset Allocation; Delegated Asset Management and Manager Selection applied to Mutual Funds, Hedge Funds and Private Equity Funds; Multi-factor models and Factor Investing. The class will be co-taught by Ana Marshall, the CIO of the Hewlett Foundation, and Hanno Lustig, who is on the Allocation Advisory Board of the NBIM.

Terms: Win
| Units: 3

Instructors:
Lustig, H. (PI)
;
Marshall, A. (SI)

## FINANCE 315: Innovating for Financial Inclusion

This MBA elective explores innovative ways that start-ups are expanding the financial capacities of households and small businesses. What are the financial frictions that household/business facing impactful FinTech startups are addressing? What economic and behavioral forces are governing the successes of these startups? How is the choice of funding/business model impacting growth/scaling strategies? How is the competitive landscape evolving for traditional banks, established tech platforms, and FinTech startups? While the center of attention will be on disruption of financial services within the US legal and regulatory environments, we will frequently highlight recent innovations in Asia, Europe, and Latin America.

Terms: Win
| Units: 3

Instructors:
Singleton, K. (PI)
;
Blattner, L. (SI)

## FINANCE 345: History of Financial Crises

Financial crises are as old as financial markets themselves. There are many similarities between historical events. The crisis of 2008, for example, is far from unique. More often than not financial crises are the result of bubbles in certain asset classes or can be linked to a specific form of financial innovation. This course gives an overview of the history of financial crises, asset price bubbles, banking collapses and debt crises. We start with the Tulip mania in 1636 and end with the recent Euro crisis. The purpose of the course is to understand the causes of past crises and to develop a conceptual framework that ties common elements together. We will discuss the lessons that we can draw for financial markets today.

Terms: Win
| Units: 3

Instructors:
Koudijs, P. (PI)

## FINANCE 587: Private Equity - An Overview of the Industry

This 2-unit elective at the GSB is an "Overview" of the private equity industry including its reason for being, its growth and the various strategies for success that private equity firms employ. The course looks at all aspects of private equity partnerships and private equity investing. The course may be of particular interest to five groups of students: (i) students who aspire to be employed in private equity as a career; (ii) students who plan to be employed by companies that are owned by private equity firms; (iii) students who may invest in private equity partnerships as a limited partner; (iv) students who find private equity to be an interesting part of the financial services industry, and (v) students who expect to participate in corporate business development or mergers and acquisitions. The course will meet for nine classes. Each class will have at least one senior partner from a private equity firm to comment on the activities of his firm. In years past, some of the true leaders of the industry have participated. One class will be a mock investment review committee presentation as a final project.

Terms: Win
| Units: 2

Instructors:
Parker, G. (PI)

## FINANCE 621: Financial Markets II

This course continues F620 and covers a number of main concepts in market microstructure. Among the topics that are covered are (i) Rational Expectations models and their foundations (ii) strategic trading models (iii) models of market and funding liquidity. In addition to the discussion of theoretic models time will be allotted to empirical applications.

Terms: Win
| Units: 3

Instructors:
Koudijs, P. (PI)

## FINANCE 622: Dynamic Asset Pricing Theory

This course is an introduction to multiperiod models in finance, mainly pertaining to optimal portfolio choice and asset pricing. The course begins with discrete-time models for portfolio choice and security prices, and then moves to a continuous-time setting. The topics then covered include advanced derivative pricing models, models of the term structure of interest rates, the valuation of corporate securities, portfolio choice in continuous-time settings, and finally general-equilibrium and over-the-counter asset pricing models. Students should have had some previous exposure to general equilibrium theory and some basic courses in investments. Strong backgrounds in calculus, linear algebra, and probability theory are recommended. Problem assignments are frequent and, for most students, demanding. Prerequisite: F620 and
MGTECON600 (or equivalent), or permission of instructor.

Terms: Win
| Units: 4

Instructors:
Duffie, D. (PI)

## FINANCE 691: PhD Directed Reading (ACCT 691, GSBGEN 691, HRMGT 691, MGTECON 691, MKTG 691, OB 691, OIT 691, POLECON 691, STRAMGT 691)

This course is offered for students requiring specialized training in an area not covered by existing courses. To register, a student must obtain permission from the faculty member who is willing to supervise the reading.

Terms: Aut, Win, Spr, Sum
| Units: 1-15
| Repeatable
for credit

Instructors:
Admati, A. (PI)
;
Begenau, J. (PI)
;
Berk, J. (PI)
...
more instructors for FINANCE 691 »

Instructors:
Admati, A. (PI)
;
Begenau, J. (PI)
;
Berk, J. (PI)
;
Bernstein, S. (PI)
;
Blattner, L. (PI)
;
DeMarzo, P. (PI)
;
Duffie, D. (PI)
;
Grenadier, S. (PI)
;
Hebert, B. (PI)
;
Koudijs, P. (PI)
;
Krishnamurthy, A. (PI)
;
Lustig, H. (PI)
;
McQuade, T. (PI)
;
Pfleiderer, P. (PI)
;
Rauh, J. (PI)
;
Seru, A. (PI)
;
Singleton, K. (PI)
;
Strebulaev, I. (PI)
;
Zwiebel, J. (PI)