Economics

This is an introductory course in game theory, the framework for analyzing strategic interaction. Game theory is the basic technology for understanding most phenomena in microeconomics and some phenomena in macroeconomics, along with many processes in political science, law, evolutionary biology, and the science of animal behavior. This course studies the basic structure of the theory.

The class presents a historical analysis of economic events and changes. Topics include: modern economic growth; population and natural resources; markets and institutions; technological change and economic growth; the modern firm; globalization; the modern state and economic growth.

This course explores the conceptual and theoretical framework surrounding valuation issues and the practical tools to address such topics in real-life situations. The methodologies for corporate valuation are analyzed and the approaches commonly used by practitioners (financial analysts, investment and merchant banks, consulting firms) are discussed with particular regard to the context and to the purposes of the valuation. Valuation of intangibles assets is analyzed with a focus on brands and copyrights. Students discuss topics including theoretical framework and fundamental skills in company valuation, an overview of valuation methodologies, net asset approach, intangible assets valuation, estimating the cost of capital, relationships between leverage and discount rates, discounted cash flow analysis and APV, comparative valuation: stock market and deal multiples approach, income approach, acquisition value, exchange ratios in mergers, and premiums and discounts in company valuation. Knowledge of basic financial accounting and basic corporate finance is encouraged, but not required, as a prerequisite. 

This course studies how economic globalization and technological change interact in shaping development at the level of regions and countries. Peter Dicken's GLOBAL SHIFT is the main text used. The first part of the course defines economic globalization as growing functional interdependencies between countries and regions in the world economy. It proceeds to map contemporary trends, including the entry of countries such as China and India as major players. Current debates over "slowbalization" and "deglobalization" are also introduced. The second part is more theoretical, discussing specifically the role of multinational companies and more generally the question of industry localization in light of modern space-shrinking transportation and communication technologies. The role of the state in regulating and facilitating economic globalization is thoroughly discussed. Critical questions concerning who are the winners and losers in ongoing global shifts are reflected upon, with emphasis on how the policies, industrial structures, and institutional conditions of regions and countries determine whether they benefit or not. Finally, economic globalization is discussed in the context of social and environmental sustainability challenges.