II - July 17–August 3, 2018
Thorough knowledge of high school mathematics, up to but not including calculus.
“[I gained] a much more acute sense of financial awareness but also a greater ability to feel confident in participating and asking questions.” — Nahid Mahmud
“[I liked] the breadth of the course and the well-designed activities that aided in understanding the material.” — Shida Yang
This course focuses on the firm’s financial and economic behavior. The firm needs cash to undertake worthy investments, and the firm needs to identify investments worth undertaking. What models does the firm use to identify such investments? What sources of cash can the firm use? How do the financial markets in which this money is raised function? How does the market value the firm, its securities, and its investments? What financial instruments are available to the firm? What are the microeconomic models that best describe a firm’s behavior in such markets?
In answering these questions, the participants discuss stocks, bonds, stock markets, as well as valuation models of investments, firms, and securities. They also work with concepts like optimal investment strategies, what is revealed and what is hidden in published accounting statements, and what are some of the sources of risk. Students also acquire familiarity with the mechanics and history of the financial markets.
The course includes case studies and some sustained independent work by the participants.
This course meets for half the day as a large lecture and for the other half as recitation sections of approximately twenty students each. Laptops, while not required, are highly recommended.
Jet Arnaez, an Executive Director at JPMorgan Chase Bank, has spent the past twelve years helping global and Fortune 500 companies drive revenue growth and improve operational performance across the technology, financial services, consumer product goods, and healthcare industries. He has led cross-functional, transformational initiatives across the Americas, APAC, and EMEA with firms such as Booz & Company / Booz Allen Hamilton and as a founding member and director of the internal consulting group at a five billion dollar technology and telecommunications company. Jet started his professional services career as an intellectual property attorney at Locke Lord, where he focused on copyright and patent litigation. He obtained his MBA from Columbia Business School, where he was on the Dean's List and in the Beta Gamma Sigma National Honor Society. He holds a JD from the University of Michigan School of Law and a BS in business management from the Ateneo de Manila University, where he has also served as a lecturer.
Raheem Haji holds an MBA in finance and economics from Columbia Business School and a B.A. in economics/mathematics from McGill University in Montreal, Canada. Raheem is also a Canadian Chartered Accountant (CPA). He is currently a Director of Business Development and Corporate Strategy at Wolters Kluwer, a global information services and publishing company, focusing his efforts on mergers and acquisitions, corporate strategy, and international expansion for the one billion dollar Health Division. For much of his career, Raheem has focused on management consultancy in the financial sector in North America and in the emerging markets of Eastern Europe, South Asia, Central Asia, South America and the Caribbean, and Africa. He has served as a teaching assistant for Corporate Finance at Columbia Business School and as a course instructor for International Accounting at the Mauritius Financial Services Commission. Aside from his professional endeavors, Raheem serves on the board of directors of the New York State Special Olympics Organization and the Aga Khan Council for the Northeastern United States.