Course Announcements


Fall 2018 Course Announcements

Business and Society

Literature of Capitalism
BSPA-GB.2355 (3.0 Credits)
Thursdays, 6:00-9:00pm

This course intertwines history, economic ideas, and literature to examine two related questions: what enables success and at what cost does success come. There will be weekly reading assignments that are introduced, roughly, in chronological order. These are extensive and students would be wise to begin prior to the start of school, particularly Atlas Shrugged, which is an easy read but very long. As the course progresses, it will be apparent that the presentation styles evolve but the two questions persist. They propel the narrative and reveal tensions that are at the core of issues that individuals and societies struggle to resolve. A beneficial consequence of the material is that it collectively provides a historical and literary overview that is helpful in understanding many jarring recent events, including the global financial crisis and its unresolved, fractious, aftermath, along with much of the current political debate about the role of companies. Requirements include class participation and weekly essays of fewer than 700 words and a longer final assignment tying the semester together.


Finance

A Financial Approach to Climate Change
FINC-GB.3147 (1.5 Credits)
Prof. Robert Engle
Wednesdays, 6:00-9:00pm
Specializations: Finance; Sustainable Business & Innovation; Economics

This class will examine the science and economics of climate change. We rely heavily on financial models to understand the linkages between the risk of climate change which may become manifest over the very long term and the behavior of today’s stock market, as well as how various economic policies might impact climate change (and then reflected in current asset prices), and how agents might use asset allocation choices or financial contracts to hedge their exposure to climate change risk. The course divides naturally into several major themes – the science of climate change, the economics of climate change, policy responses to climate change, portfolio choices and tools to mitigate climate risks. Common economic examples of externalities and regulation will be used to frame the analysis. From this point of view, portfolio choices and asset prices will be examined. The short run and long run costs of divesting fossil fuel stocks will be considered. Discount rates play a key role and will be discussed in detail.

Topics in Cryptocurrency Investing
FINC-GB.3180 (1.5 Credits)
Prof. Ian D'Souza
Tuesday, 6:00-9:00pm
Specializations: Finance; Financial Instruments & Markets; FinTech; Quantitative Finance

A cryptocurrency is an emerging asset class representing the intersection of disruptive early stage technology, liquid capital markets and new use cases and business models. This class focuses on understanding the investment implications of the cryptocurrencies being created at this intersection point. As of December 2017, over 1000 tokens were listed on exchanges throughout the world with Bitcoin and Ether being the two largest in market capitalization terms. The total capitalization of cryptocurrencies expanded by more than a factor of 10 in 2017. This in turn has led to expanded media coverage and debate concerning cryptocurrency’s role and value to society. The academic objectives of this course are threefold: to explore the fundamental aspects of cryptocurrencies and the liquid markets they operate in; to test select psychological biases/heuristics associated with these cryptocurrencies and the regulatory dynamics overlaid on it and; to discuss practical implications of investing in these cryptocurrencies from limits to arbitrage to portfolio impacts across a range of asset classes.


Information, Operations, and Management Sciences

App of Stat Models to Bus, Politics & Policy
STAT-GB.3310 (3.0 Credits)
Prof. Cyrus Mohebbi
Tuesdays, 6:00-9:00pm
Specializations: Financial Systems & Analysis

This course is intended to provide students with a basic understanding of how statistical models can be applied to the areas of business, politics, and public policy as well as common pitfalls, limitations with different approaches, and lessons learned from recent events. The goal is to give students an understanding of what techniques are used in contemporary statistical analyses of these topics and with the tools to carry out their own empirical analyses and to evaluate the work of others. The course covers techniques used to forecast economic, financial, and political events as well as econometric approaches used to identify causal relationships and to evaluate business and government policies. Much of the instruction is motivated by empirical examples that are assigned as readings for each class.


Marketing

Digital Transformations in Media & Entertainment
MKTG-GB.2132 (1.5 Credits)
Prof. John Rose
Mondays, 6:00-9:00pm
Specializations: Entertainment, Media & Technology; Marketing

Almost all of segments of the media industry are experiencing frequent and significant discontinuities. Collectively these discontinuities are disrupting the competitive dynamics, business models and the key factors for success that have defined these industry segments. In addition to disrupting current approaches to growth and value creation, these discontinuities are creating significant uncertainty about the future shape of each of these segments and the approaches that will be needed to succeed. The goal of this course will be to explore these challenges and their potential solutions. This will be accomplished by: Examining the dynamics and nature of disruption in several key media segments: music, news, television entertainment, etc; Exploring a range of management and analytic tools and methodologies available to help companies address these challenges. They will include new approaches to strategy/strategic planning and management of transformation journeys, including investor strategy and financial policies; and reviewing the actions taken by some of leading players in each of these segments.


Fall 2018 By-Permission Only Courses

Finance

Managing Investment Funds
FINC-GB.3320.01 (3.0 Credits)
Prof. Anthony Marciano
Tuesdays and Thursdays, 12:00-1:20pm
For application, visit stern.nyu.edu/~mpsif

This capstone course requires students to draw on their knowledge of finance, macroeconomics, accounting, competitive analysis, strategy, etc. to manage a $1 million endowment fund held by NYU. Besides honing their analytical skills, students gain experience in financial writing and oral presentations, advancing financial decisions in group setting, and handling the governance and fiduciary responsibilities of a university endowment fund. Students learn through hands on investment management experience. Because of time requirements in formulating an investment strategy, screening/reviewing stocks, updating the status/performance of existing positions and all ancillary duties connected w/ the operation of a live portfolio, the experiential component consumes the bulk of class time. However, a related mission is for students to acquire knowledge about institutional funds mgmt and industry practices and trends. This traditional learning comes via readings & presentations from industry professionals. The endowment funds under management operate as the Michael Price Student Investment Fund (MPSIF). The Fund began in early 2000 thanks to a generous gift from Michael F. Price.


Management/Experiential Learning

Creative Destruction Lab Course
MGMT-GB.3339.01 (3.0 Credits)
Prof. Deepak Hegde
Tuesdays and Thursdays, 12:00-1:20pm
See syllabus for application

Students will learn about the process of successfully taking new ventures to markets, including aspects related to development, management, and financing of ventures. The course will be centered on student observations of the interactions of startup founders & their potential investors. After familiarizing themselves w/ the startups ideas, students will apply basic analytical tools, drawn from mgmt, econ and finance to evaluate the size of markets, attractiveness of industries, financing options of early-stage ventures, sustainable competitive advantage of proposed strategies, & the risks and potential of ideas. Along w/ the experiential component, the course will introduce students to a framework for developing an entrepreneurial strategy. Due to the course’s special circumstances, which involve working with new companies seeking capital: 1) students sign a non-disclosure agreement, 2) penalty is imposed for missed classes, 3) interested students must apply to the course to be considered. The course will run over the Fall and Spring with students working in teams. Interested students should familiarize themselves with the Creative Destruction Lab and its various activities prior to applying. To apply: http://bit.ly/cdlcourseapp2018


Information, Operations, and Management Sciences

OPS in ENT: Las Vegas
OPMG-GB.2313.D1 (3.0 Credits)
Prof. Harry Chernoff
Trip and Pre-/Post-trip meetings (see syllabus)
See syllabus for application

When we think of entertainment, perhaps the most popular location that comes to mind is Las Vegas.  Behind the glitter & excitement are industries dedicated to supplying entertainment to customers.  Operations address the supply side of business, including how products are produced, how services are supplied. This course goes behind the scenes to observe & analyze the operations involved. This course presents an opportunity to observe and study the entertainment industry including strategy formation & decision-making. The entertainment comes in various forms. The underlying driver is gaming, but the industries surrounding the various forms of gambling have also become major profit centers. During a 1-week visit to Las Vegas, students will observe and study some of the major industries that comprise the broad scope of entertainment in this city.  Although Operations Management models, techniques and strategies in this field are applicable anywhere; Las Vegas is the epicenter of the industry.


Experiential Learning

CPRL Education Practicum
CONS-GB.3012

Through the CPRL Education Practicum, students have the opportunity to work with a consortium of business, policy, education, & law students from top tier graduate programs. This is an intensive, full-term seminar/practicum in the theory & methods of managing, governing, and transforming public-and social-sector orgs in P-12 education. This study-away experiential course is structured w/ 3 components: Seminar: Theoretical seminar in the design, governance, transformation & democratic accountability of public sector orgs. Skills Training: Skills training in the competencies required for success as leaders of modern public-and social-sector orgs. Consulting Engagement: Students support education orgs in thinking through their challenging issues and provide actionable solutions. CPRL offers a limited number of Scholar Awards up to $20,000 to exceptional students to apply to their NYU tuition in return for a commitment to spending time after graduation in a public/nonprofit job in education. To apply, please visit CPRL’s website. If you have questions or would like to be connected to current students or alumni, please email experiential@stern.nyu.edu.

Fashion & Luxury Solutions
INTA-GB.3313.10 (3.0 Credits)
Prof. Jeffrey Carr
Wednesdays, 6:00-9:00pm
To apply, visit MBA Experiential Learning

Apply core coursework to business problems provided and evaluated by Stern's fashion and luxury industry partners. Work closely with clients on marketing, sales, manufacturing, management, operations and finance problems in established companies and start-ups. Incorporate theory and process learned in the rest of the curriculum with the reality of starting or running a business.
Only open to MBA2s and Langone students with over 15 credits.

Tech Solutions
INTA-GB.3323.01 (3.0 Credits)
Prof. Jamie Eggers
Thursdays, 1:30pm-4:20pm
To apply, visit MBA Experiential Learning

Demystify the belief that innovation is only for start-ups, and that large, established companies can also make innovation a priority. In order to foster student learning, students will be working on projects with technology firms that give them experience with designing, building and launching technological solutions. Only open to MBA2s or Langone students (with over 15 credits).  All students must demonstrate capacity in programming.

Stern Signature Projects
INTA-GB.XXXX (1.5-3.0 Credits)
Faculty: TBD
Day/Time: TBD
To apply, visit MBA Experiential Learning

Stern Signature Projects (SSP) is an experiential platform that provides unique applied learning opportunities which align Stern MBAs with leading faculty and research centers with the NYU network to tackle complex questions and leverage system-level thinking to help solve some of the greatest challenges of the 21st century. Anyone can read business concepts in a textbook, but through SSP our students have the chance to tackle those issues in real time. Projects and applications will be announced during the first week of the fall semester.

Board Fellows
INTA-GB.XXXX (1.5 Credits)
Faculty: Nicole Sebastian
Day/Time: Six Fridays from Fall 2018 to Spring 2019
To apply, visit MBA Experiential Learning

The NYU Stern Board Fellows Program provides MBA students with the opportunity to act as non-voting members on boards of New York City-based nonprofit organizations. During this nine-month stern solution offering, students will serve on board committees as well as complete a strategic governance project. With the assistance of the Office of Student Engagement’s Experiential Learning team, as well as a program advisor who is an expert in board service and governance, Fellows will be matched with one of our partner boards in teams of two. Our selection and matching process reflects each student’s strengths, as well as each organization’s needs. Facilitated peer-learning sessions will ensure that Fellows are also able to hear about other students’ unique board experiences.


Spring 2019 Course Announcements

Accounting

Financial Statement Analysis Using Python
ACCT-GB.3328 (3.0 Credits)
Prof. Dhananjay Gode
Sundays (2/17-4/28), 1:00-5:00pm
Specializations: Accounting; Business Analytics; Financial Systems & Analytics

Students who expect to write code to manipulate or analyze financial data will benefit from this course. This course does not assume any background in programming. It teaches the necessary Python and SQL skills. The course presumes that students have taken the core courses in Financial Accounting and Statistics. Students will learn how to code in Python to process accounting and financial markets data based on financial analysis and statistical concepts. This course is not suitable for those who want a managerial overview of data analytics techniques without the hands-on coding. The course has three main learning objectives using Python: (1) Structured thinking - How to think about analytical tasks in an organized and structured manner so that they can be automated using Python and using design concepts such as DRY (Don’t repeat yourself) and Single Source of Truth (SSOT). (2) Automating financial statement analysis tasks - Interacting with financial statement data stored in XBRL, classifying and summarizing datasets that are inconvenient to handle via Excel, automating creation and retrieval of Excel data and visualizing financial data. (3) Financial data analytics - Identifying peer groups for comparing multiples, forecasting sales and earnings, identifying abnormal accruals and divergence of earnings and cash flows, predicting credit rating changes and defaults and identifying LBO and acquisition targets.


Information, Operations, and Management Sciences

R Programming for Data
INFO-GB.2134 (1.5 Credits)
Prof. Kristen Sosulski
Tuesdays, 10:30-11:50am (This course requires an additional 80 minutes of online work (at your own pace) each week.)

In this course, students will learn how to program in R and how to use R for effective data analysis and visualization. The course begins with developing a basic understanding of the R working environment. Students will then be introduced to the necessary arithmetic and logical operators, salient functions for manipulating data, and getting help using R. Next, the common data structures, variables, and data types used in R will be demonstrated and applied. Students will write R scripts and build R markdown documents to share their code others. They will utilize the various packages available in R for visualization, reporting, data manipulation, and statistical analysis. Students will learn how to create control structures, such as loops and conditional statements to traverse, sort, merge, and evaluate data. Finally, students will create interactive business applications that allow for data querying and data exploration. This course is designed for those who have no experience in R or programming. This class will introduce students to 1) A new way of thinking 2) A new language for speaking and reading (vectors, data frames, functions, objects, etc. and 3) a new syntax for writing , e.g. c(), print(), cat(), sort(), require(), subset() for data analysis and presentation.


Managing a High Tech Company: The CEO perspective
INFO-GB.2332 (3.0 Credits)
Prof. Jihoon Rim
Tuesdays & Thursdays, 9:00-10:20am

We are living in an era where ‘technology’ companies are totally changing our lifestyle and it is obvious that artificial intelligence will push this trend further. Each and every industry will be disrupted by technology so understanding this mass transformation is crucial. Students will study how ‘management’ is executed in high tech companies and examine the differences from managing a traditional company. This course will cover mega trends in the technology sector and will study a number of real word business cases. Examples of topics in this course include: (1) How to manage innovation (2) Critical success factors in tech companies (3) Technology’s role in platform business (two sided business, content platform business) (4) Culture & Talent management in tech industry (5) Tech M&As. On top of U.S tech companies, Asian tech companies will also be discussed due to their advanced implementation of technology (such as Baidu, Tencent, Alibaba in China and Kakao, Naver in South Korea) Also, the lecturer will share his experience as CEO of Kakao a technology company that services Kakao Talk, a mobile messenger that has 95%+ market share and is valued at around $10B in South Korea.


Practical Big Data
INFO-GB.3333 (3.0 Credits)
Prof. Miguel Noguer Alonso
Mondays, 6:00-9:00pm
Specializations: Business Analytics; FinTech; Financial Systems & Analytics; Management of Technology

The financial services industry has widely adopted big data analytics to inform better investment decisions with consistent returns. In conjunction with big data, algorithmic trading uses vast historical data with complex mathematical models to maximize portfolio returns. The continued adoption of big data will inevitably transform the landscape of financial services. However, along with its apparent benefits, significant challenges remain in regards to big data’s ability to capture the mounting volume of data. Along with vast historical data, banking and capital markets need to actively manage ticker data. Likewise, investment banks and asset management firms use voluminous data to make sound investment decisions. The course will explore data engineering aspects such as big data technologies and databases. We will cover data cleaning and preprocessing; two key elements in the big data projects success. We will then explore modeling aspects focusing on applications of the latest machine learning, econometrics and artificial intelligence technologies. We will invite guest lecturers to discuss big data applications in different industries like finance, gaming, e-commerce, retail, etc. Students need basic Python (or R) knowledge. They will develop more coding skills during the course.


Interarea

Disruption, Entrepreneurship & Social Impact
INTA-GB.2122 (1.5 credits)
Prof. Raphael Carty
Mondays, 6:00pm-9:00pm
Specializations: TBD

Disruptive technologies have massive impacts on society and create enormous business opportunities, especially for entrepreneurs. This course examines this phenomenon through 5 technologies causing global disruption: AI/Machine Learning & Robotics, Human Genome & Gene Editing, Blockchain & Cryptocurrencies, IoT, Virtual Reality & Augmented Reality, Autonomous Vehicles. We will also examine a cluster of technologies that comprise the Smart Cities phenomenon transforming cities globally to increase sustainability, efficiency and access to services. For each of the technologies we will examine how the technology is changing the world, what are the business & entrepreneurial opportunities created and what are the societal issues that will have to be addressed as the technology dissemination occurs. We will hear from class speakers each week including startups, large companies, investors and academics. Lectures and pre-readings will enable us to survey the field quickly and ensure a common understanding of the technology and its implications. We will have in-class exercises on how to perform technology assessment. Students will complete a final project assessing a disruptive technology instead of an exam.


Spring 2019 By-Permission Only Courses

Experiential Learning

CPRL Education Practicum
CONS-GB.3012.20

Through the CPRL Education Practicum, Stern MBA students have the opportunity to work with a consortium of business, policy, education, and law students from top tier upper-level graduate programs. This is an intensive, full-semester seminar and practicum in the theory and methods of managing, governing, and transforming public- and social-sector organizations in P-12 education. This study-away experiential offering is structured with three components: Seminar: Theoretical seminar in the design, governance, transformation and democratic accountability of public sector organizations. Skills Training: Professional skills training in the competencies required for success as managers and leaders of modern public- and social- sector organizations. Consulting Engagement: Students support education organizations in thinking through some of their challenging issues and provide actionable solutions. CPRL offers a limited number of CPRL Scholar Awards of up to $20,000 granted to exceptional students to apply to their NYU tuition in return for a commitment to spending time after graduation in a public or nonprofit job in the education sector. To apply, please visit CPRL’s website. If you have any questions about the course or would like to be connected to current students or alumni, please send your request to experiential@stern.nyu.edu.

Tech and the City
INFO-GB.2345 (3.0 Credits)
Prof. Arun Sundararajan
Tuesdays and Thursdays, 1:30-2:50pm
To apply, visit the Office of Student Engagement website

Have you ever wondered what it's like to run a high-tech startup? This course provides students with immersive experiential learning about digital entrepreneurship through the lens of successful early-stage technology companies. Student teams are embedded into different New York City-based startups from the investment portfolios of Union Square Ventures and other tech-focused venture capital firms. Students work with founders and investors to understand business models, assess metrics and their connection to growth and funding, and lead a customer-centric assessment of the company's products. Activities include structured discussions, journal writing, in-class peer presentations coupled with guest sessions from industry experts. They emerge from the course with an experience-based appreciation of the transformative potential of digital technologies, of the tech entrepreneurship environment of NYC, and the risks faced by high-tech startups that underinvest in understanding their customers.

Consulting Practice - two sections
MGMT-GB.3306.30 (3.0 Credits)
Prof. Monica Stallings
Mondays, 6:00-9:00pm
To apply, visit the Office of Student Engagement

MGMT-GB.3306.31 (3.0 Credits)
Prof. Sonia Marciano
Wednesdays, 6:00-9:00pm
To apply, visit the Office of Student Engagement

Graduate management students and the organizations that hire them are increasingly demanding that management education be directly applicable to real-world needs. The Consulting Practice course in conjunction with the Stern Consulting Corps (SCC) is a hands-on experiential learning opportunity that will allow students to work in teams to tackle a business issue or opportunity for a prominent for-profit or non-profit firm while applying in real time the key steps of the consulting process they are learning in the classroom. Because the projects are interdisciplinary, this course enables students to fuse theory with practice and allows them to gain hands on experience.

Stern Signature Projects
INTA-GB.XXXX (1.5 - 3.0 Credits)
Faculty: TBD
Day/Time: TBD
To apply, visit the Office of Student Engagement

Stern Signature Projects (SSP) is an experiential platform that provides unique applied learning opportunities which align Stern MBAs with leading faculty and research centers with the NYU network to tackle complex questions and leverage system-level thinking to help solve some of the greatest challenges of the 21st century. Anyone can read business concepts in a textbook, but through SSP our students have the chance to tackle those issues in real time.

Commercialization of Frontier Technologies
MGMT-GB.2321.20 (3.0 Credits)
Prof. Ari Ginsberg
Tuesdays, 3:00-5:50pm
To apply, visit the Office of Student Engagement

Developing a solid understanding of frontier technologies that are poised to revolutionize all aspects of human affairs, including future business, is becoming increasingly important for students seeking to pursue a leadership role in the world of commerce. At the top of the list of such technologies are robotics and mechatronics, which integrate mechanical, electrical, electronics, and computing technologies, as well as software engineering and machine learning, in the design, development, and control of diverse systems used in a range of industries. Students do not need to have a background in robotics or mechatronics because the course is designed to help students familiarize themselves with the technical aspects of developing mechatronics and robotics inventions and the research and assessment activities that need to be conducted to turn a viable new technology into a marketable product. The course will be divided into two learning modules - The first module: A structured process for assessing the commercial viability of a new technology through short lectures and discussion. It will also provide students with the opportunity to conduct real-world analysis of the commercialization potential of a new robotic technology invention developed at NYU’s Tandon School of Engineering. The second module: Through lectures and concrete experiences with devices being developed in the Mechatronics, Controls, and Robotics Lab (MCRL) at Tandon School of Engineering, students will learn about the fundamentals, hardware, software, and applied elements of mechatronics and robotics.


Finance

Managing Investment Funds
FINC-GB.3320.20 (3.0 Credits)
Prof. Anthony Marciano
Tuesdays and Thursdays, 12:00-1:20pm
To apply, visit nyumpsif.com

The Michael Price Student Investment Fund (MPSIF) is a family of funds managed directly by NYU Stern MBA students. The fund was established in 1999 through a generous gift from Michael Price, managing partner, MFP Investors, LLC and former chairman of Franklin Mutual Series funds. MPSIF provides students with hands-on experience managing a real fund with significant assets. The fund (which now includes ESG) is divided into the following equity funds - Growth, Value and Fixed Income. While each fund has its own performance benchmark, MPSIF's goal is to deliver positive returns that exceed the rate of inflation. As of Feb. 2018, MPSIF had assets under management of $2.11 million, excluding more than $1.08 million in mandated distributions since its inception. Since March 2000, MPSIF has earned a cumulative return (after trading costs) of 74.3%, or 5.2% per annum. About 40 students enroll each year and are responsible for screening and evaluating stocks, preparing and presenting pitches for buy and sell recommendations and strategizing on broader portfolio allocation and risk management decisions. Students also write a newsletter and prepare annual and semi-annual reports to the MPSIF Board of Advisors. Students gain invaluable experience in investment management, which provides a competitive advantage when interviewing for summer internships or full-time employment after graduation. Managing the diverse tasks in MPSIF relies on teamwork and the course requires students to draw on their knowledge of finance, macroeconomics, accounting, competitive analysis, strategy and marketing.


Marketing

Commerce & Craft of Cinema: Cannes Film Festival
MKTG-GB.2313.D1 (3.0 Credits)
Prof. Alvin Lieberman
Trip and Pre-/Post-trip meetings (see syllabus)
See syllabus for application

This is a specialized EMT course designed to provide students with a framework for understanding the dynamics of the film industry including the complete process from crafting the idea for a film script, hiring or becoming a producer, financing the project, selling it to a studio or independent production company, building a team, production elements, post production including music acquisition, marketing, distribution and exhibition, international, and domestic. The course includes learning about distribution and exhibition, marketing and building audience awareness, research applications, international licensing, and preparation for career in the industry. It is offered during spring break and involves a trip to the west coast. In addition to tuition, students have to pay travel and living expenses.


Operations

Operations in Panama: A Man, A Plan, A Canal: Panama
OPMG-GB.2312.D1 (3.0 Credits)
Prof. Harry G. Chernoff & Prof. Kristen Sosulski
Trip and Pre-/Post-trip meetings (see syllabus)
See syllabus for application

This advanced elective will be a 3-credit course studying the major businesses operating in Panama. During a one-week visit, students will observe and study the intricacies of the Panama Canal from an operations management point of view. Process techniques and strategies abound within this fascinating operation. Although the canal is certainly the country's major attraction, financial revenues from the canal have allowed Panama to emphasize other developments including real estate projects and major tourism improvements. Specific topics studied will include: the Panama Canal and its effect on the global shipping supply chain, history of the canal and independence of Panama, modern banking and real estate development, economic growth in the tourism industry, urban development and infrastructure of major cities. All of the classes, tours, speaker sessions and group meetings must be attended by students for course credit. No exceptions. The course will be limited in enrollment. Details will be announced.