We will depart from the usual microeconomic theory course by giving more emphasis to prescription: What should a manager do in order to achieve some objective? The issue of causality, and the relevance of thinking about models and methods for inferring causality, is just as central and important for "Big Data" as it is when working with traditional data sets in business and public policy. This course presumes knowledge of intermediate economics, as we will apply that knowledge throughout the semester. At the end of the course, there will be special attention for the economics and finance of renewable energy and policies to foster its growth. E: firstname.lastname@example.org, The Huntsman Program in International Studies and Business, International Accounting and Financial Reporting, Culture and Commerce: the Anthropology of the Economy, Culture, Consumption, & Production in the Global Marketplace, Business in the Global Political Environment, Consumers, Firms and Markets in Developing Countries, International Industrial Development Strategies, Privatization: An International Perspective, International/Multinational Corporate Finance, Capitalism, Socialism, and Crisis in the 20th Century Americas, Other People’s Money: The Law, Politics & History of Financial Institutions, Globalization and International Political Economy, Governance and Management of Chinese Firms, Globalization & The City: Global Urbanization. The seminar instructor will act as coordinator for the projects. HCMG 302: The Economics and Financing of Health Care Delivery At the national level, potential questions include the implementation of a national electric grid for automobile charging, reforms to disaster preparedness systems, and immigration reform. OIDD 314: Enabling Technologies o BEPP 201: Introduction to Business Economics and Public Policy Notes: Permission of instructor required. However, BEPP 811 is not required as a prerequisite. Suppose market demand for an e-cigarette is given by. Next we emphasize the role of risk management in the preservaton and creation of value, helping firms identify, measure, monitor and manage/finance risk. Questions is below: produce. To understand how firm strategy and public policy interact, the course will rely on a mix of simple but rigorous analytical models and case studies. Need help solving a problem. - BEPP 236 International Housing Comparisons. After attending the seminar and the ensuing discussion of the paper, students will prepare follow-up evaluations of their referee report reports, due one week after the seminar. Topics include oligopoly models of market competition, creation, and protection, sophisticated pricing strategies for consumers with different valuations or consumers who buy multiple units (e.g. At the state level, potential policies include changes in occupational licensing requirements, business regulations, and Medicaid cost share restructuring. This course is the usual entry point in the actuarial science program. It can also be taken by others interested in the mathematics of personal finance and the use of mortality tables. Although not exclusively, the course will focus mostly on the application of econometric techniques used to study specific markets and antitrust policies. The bulk of the applications are to business situations including investment and entry, bargaining, managerial incentive contracts, network effects, product location, and two-sided markets. Download or View any Wharton course Syllabi. The final grade in PSYC 289 depends upon student performance on unit quizzes and on the final exam. Doing so results in risk-adjusted returns (or return on risk-adjusted capital) that exceed the cost of capital. International markets: - The compound model is then used to establish the distribution of losses. Internationally, the course covers issues of access to housing and housing informality in developing countries, financial crises arising out of the housing sector, and market-oriented and public policy solutions. Format: Lecture and discussion, … o REAL 215: Urban Real Estate Economics, Insurance and Risk Management Track geared towards students who have an interest in risk and insurance, possibly in combination with a finance concentration. BEPP 220 Behavioral Economics, Markets, and Public Policy. As a result, nonprofit organizations as economic decision-makers confront a number of unique challenges to their success and growth. This course may be taken concurrently with the prerequisite with instructor permission. Readings consist of textbook, case studies, and bulk pack articles. - The bankruptcy of a key supplier, sharp rise in cost of financing, destruction of an important asset, impact of global warming, or a liability suit can quickly squander the value created by firms. While most of the students taking the course are future actuaries, other students interested in applications of statistics may discover in class many fascinating applications of stochastic processes and Markov chains. The BEPP 900 course provides a venue for the latter. The topics include: financial market booms and busts; business cycles; monetary and fiscal policies; inequality; the social welfare state; technological change and economic growth; and international trade and financial arrangements. Non-Wharton students should have taken the equivalent course in the College. o HCMG 302: The Economics and Financing of Health Care Delivery Research participation and the book report are graded on a pass/fail basis. We will explore public policy surrounding risk management and how the public and private sector can successfully work together to build resilience, particularly to changing risks. Spring 2019, BEPP 250 Reading consist of textbooks, case studies, and bulk pack articles. The concentration also provides a firm base for graduate study in law, economics, public policy, and political science. o BEPP 236: International Housing Comparisons At least three courses have to be BEPP courses. We will pay special attention to recent topics, such as partnerships with the private sector, enterprise zones, the role of technology, environmental challenges, and real estate policies that promote housing affordability, such as rent control and inclusionary zoning. We will analyze pricing strategies includng versioning and budling; product standardization decisions; the management of complementarities between products; the role of network effects and platform competition; and how firms can take advantage of the regulatory environment they operate in when making such decisions. This course is the usual entry point in the actuarial science program. Business Economics & Public Policy (BEPP), Business Economics & Public Policy (BEPP). The course is designed to introduce recent research with focus on empirical methods and testing theories with data. o OIDD 490: Science of Behavior Change Although academic research has historically placed more attention on corporate finance, household finance is receiving a brighter spotlight now-- partly due to its role in the recent financial crisis. While the course will focus primarily on U.S. policies, the topics covered (e.g. HCMG 352: Healthcare Services Delivery: A Managerial Economic Approach An extensive section on Markov chains provides the theory to forecast future states of the process, as well as numerous applications of Markov chains to insurance, finance, and genetics. on saving, labor supply, etc.) Psychology (PSYC) 289 Psychology as a Natural Science (Revision 4) Revision 4 closed, replaced by current version. o FNCE 206: Financial Derivatives Behavioral economics has revealed a variety of systematic ways in which people deviate from being perfectly selfish, rational, optimizing agents. The Business Economics and Public Policy concentration provides skills and insights that are useful to future consultants, private and public managers, lawyers, economists, political scientists, and policy analysts. price discrimination, bundling, two-part tariffs), strategies for managing risk and making decisions under uncertainty, asymmetric information and its consequences for markets, and finally moral hazard and principle-agent theory with application to incentive contacts. We explore how these events are being financed in innovative ways via the capital and insurance markets. It also should be particularly attractive to students specializing in entrepreneurship, wealth management finance, and law. FNCE 206: Financial Derivatives The course will chronicle and compare economic policy and performance of the United States, Europe, Japan and emerging markets (Asia, Latin America, Africa). Finally, the challenges created by asymmetric information - both in the market and within the firm - are investigated. The administration and organization of the public sector. BEPP 233: Consumers, Firms & Markets in Developing Countries Spring 2018, BEPP 203 This course is intended to deepen understanding of the major contemporary issues in the world economy.