Students in Paulson Auditorium

Lifelong Learning

Audit a Class

Alumni can audit select graduate-level courses at Stern pending availability and approval. Audit Request Forms can be submitted to lgigliot@stern.nyu.edu.

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Business Law

Richard Hendler
The objective of this course is to help develop an ability to recognize and understand legal issues in business. This course focuses on the body of law governing the types of issues that students can expect to encounter in their roles as managers of public and private companies, consultants, and entrepreneurs. Topics for discussion include but are not limited to contract and cyber laws; the various forms of business structures; partnerships; corporations and limited liability companies; business torts; product liability; and specific issues regarding entrepreneurs and employment law.

THURSDAY | 6:00 PM - 9:00 PM
February 13, 2020 - May 7, 2020
Subject  BSPA-GB
Course # 2314
Course Section # 30

Corporate Finance

Aswath Damodaran
This course helps students develop an analytical framework for understanding how organizations make investment and financing decisions. Students also learn the theory and practice of various valuation techniques. There is an emphasis on understanding the theory and its applications to the real world as well as appreciating the limitations of the tools in practical settings. Specific topics include capital budgeting, investment decision rules, discounted cash flow valuation, real options cost of capital, capital structure, dividend policy and valuation methods such as WACC and APV.

MONDAY/WEDNESDAY | 10:30 AM - 11:50 AM
February 3, 2020 - May 11, 2020
Subject  FINC-GB
Course # 2302
Course Section # 20

Digital Strategy

Ning Su
The course explores the role of information technology IT in corporate strategy with specific attention paid to the Internet Different Internet business models are identified and are used to explain competitive practices Cases and lectures illustrate how technology is used to gain and sustain a competitive advantage The course also describes different Internet technology infrastructures and identifies issues in managing a firm's technology as a strategic asset

TUESDAY/THURSDAY | 9:00 AM - 10:20 AM
February 4, 2020 - May 7, 2020
Subject  TECH-GB
Course # 2318
Course Section # 20

Entrepreneurial Finance

Glenn Okun
This course identifies and follows the wealth creation cycle that begins with company startups, passes through successive stages of various kinds of private equity financing, and ends with the harvesting of the created wealth through a sale or merger or initial public offering. Emphasis is placed on how entrepreneurial firms adapt financing and financial contracts to the information, asymmetry problems, the high degree of uncertainty, and the conflicts of interest associated with startups.

SUNDAY | 9:00 AM - 4:00 PM
February 16, 2020 - March 29, 2020
Subject  FINC-GB
Course # 3361
Course Section # S1

Financial Service Industry

James Finch
This course presents a broad overview of the role of investment banking in modern societies: What functions are performed? How are these tasks carried out in competitive and noncompetitive environments? Topics covered include concepts such as origination syndication, distribution of security issues, pricing of new issues, and the management of issues in the after markets and the role of investment bankers in restructuring industry financing governments and facilitating saving and investment. Ethical issues investment bankers must face are considered.

TUESDAY/THURSDAY | 9:00 AM - 10:20 AM
February 4, 2020 - May 7, 2020
Subject  FINC-GB
Course # 2334
Course Section # 20

Foundations of Entrepreneurship 

Glenn Okun
This course offers a framework for understanding the entrepreneurial process and exposes the student to most problems and issues faced by entrepreneurs who start new ventures. Case study is the principal teaching method supplemented by lectures, a venture planning exercise, and guest speakers. Major objectives are for students to learn how to identify and evaluate market opportunities; develop a venture concept and marketing plan; assess and obtain the required resources; and manage the launch of a new venture.

TUESDAY/THURSDAY | 9:00 AM - 10:20 AM
February 4, 2020 - May 7, 2020
Subject  MGMT-GB
Course # 3335
Course Section # 21

SATURDAY | 1:00 PM - 4:00 PM
February 15, 2020 - May 9, 2020
Subject  MGMT-GB
Course # 3335
Course Section # S1

Game Theory

Robert Seamans
Game theory studies competitive and cooperative behavior in strategic environments where the fortunes of several players are intertwined It provides methods for identifying optimal strategies and predicting the outcome of strategic interactions The field of game theory began around 1900 when mathematicians began asking whether there were optimal strategies for parlor games such as chess and poker and if so what these strategies might look like The first comprehensive formulation of the subject came in 1944 with the publication of the book Theory of Games and Economic Behavior by famous mathematician John Von Neumann and eminent economist Oskar Morgenstern As its title indicates this book also marked the beginning of the application of game theory to economics Since then game theory has been applied to many other fields including political science military strategy law computer science and biology among other areas In 1994 three pioneers in game theory were awarded a Nobel Prize marking the arrival of the field In 2005 two other prominent researchers in game theory were awarded a Nobel Prize Among the other applications game theory today is finding its way into the world of business Pick up a business magazine or book and there is a good chance that it will use some game theory jargon such as zero sum game Prisoner  Dilemma win win game etc As well as learning the underlying theory in the course we be looking at how game theory can indeed be applied to business.

MONDAY | 1:30 PM - 4:20 PM
February 3, 2020 - May 11, 2020
Subject  MGMT-GB
Course # 3323
Course Section # 20

Improv for Effective Leadership

David Purdy
In this course, you will use improvisation techniques to enhance your ability to think on your feet, connect with others, build trusting relationships, and develop greater confidence to make good things happen. Through improvisation, you will learn how to listen openly, let judgments of yourself and others fall away, and adapt to change. After all, effective leadership communication is that which compels change in what we do as individuals, as a team, and as a company. It is about developing a strategy and communicating it so compellingly that it brings new ideas to life. Improvisation is unique in its ability to heighten awareness of self and others, helping you take and support responsible risks, owning your authority and sharing it well when it makes sense. Staying empathic, agile, and present amidst ambiguity and adversity is essential to cultivating the resilience and integrity needed to become a leader in an increasingly transparent society. That is what this course is designed to help you do!

MONDAY | 6:00 PM - 9:00 PM
April 6, 2020 - May 11, 2020
Subject  MCOM-GB
Course # 2106
Course Section # 30

Managing the Growing Company

Glenn Okun
This course exposes students to the unique challenges of managing the growth of small businesses. It concentrates on building the company issues rather than start-up issues, although some cases and lectures explore start-up as well. Included are studies of family businesses that have acute growth issues because of succession and family dynamics. It is designed for students interested in understanding the opportunities and problems involved in the management or operation of their own business; and it is also aimed at students considering employment in a small or midsized firm. The differences between small firms and large organizations, management needs, practices, and financial resources are examined.

THURSDAY | 6:00 PM - 9:00 PM
February 13, 2020 - May 7, 2020
Subject  MGMT-GB
Course # 2327
Course Section # 30

Modeling Financial Statements

Dhananjay Gode
Julian Yeo
Various management disciplines teach you how to analyze and forecast parts of a business. Building on this foundation, this course will help you weave your forecasts into coherent spreadsheet-based pro-forma financials. Modeling financial statements provides a reality check on the forecasts, enables "what if" analysis, provides an integrated view of the business, and is a key step in valuation and credit risk analysis. 

The course is indispensable to careers in investment banking, private equity, buy-side or sell-side research, credit research, corporate finance, valuation, project finance, and due diligence advisory. The course gives a significant competitive edge during interviews, summer internships, and jobs.

WEDNESDAY| 6:00 PM - 9:00 PM [with Professor Dhananjay Gode]
February 12, 2020 - May 6, 2020
Subject  ACCT-GB
Course # 3304
Course Section # 30

THURSDAY | 6:00 PM - 9:00 PM [with Professor Julian Yeo]
February 13, 2020 - May 7, 2020
Subject  ACCT-GB
Course # 3304
Course Section # 31

Next Gen Fashion and Retail

Jeffrey Carr

The fashion industry will undergo more changes in the next 10 years than it has in the past 100 as technology disrupts every aspect of the business.  Traditionally, conversations between brands and their customers have been held in a brand’s store or on behalf of brands by their retailers and distributors.  Now, this conversation is held directly with customers every second of every day through innumerable direct and indirect online and offline channels.  At the same time traditional media, primarily magazines (Vogue, Elle, InStyle, etc), are all struggling with these new channels and their role in creating fashion brands while companies find new ways to manufacture and ship their goods and services around the world.

Using industry experts as guest speakers, lectures/discussions, case studies and consulting by the course faculty, students will learn the ins and outs of the fashion industry.  It is an opportunity to marry the theory and process learned in the core classes, with the reality of running real businesses in a very creative and dynamic industry.  Each speaker appearance will be combined with readings and form the basis for the final project assignment.  The basic format of the class is: listen/discuss/learn/do.  This will be a highly interactive class with an emphasis on participation and application.

THURSDAY | 6:00 PM - 9:00 PM
February 13, 2020 - May 7, 2020
Subject  MKTG-GB
Course # 2376
Course Section # 30

Real Estate Development and Entrepreneurship

Harry Chernoff

This course will introduce students to the broad aspects of real estate development from an operations perspective.  It is directed to students interested in real estate development from the point of view of three classes of investors:
  • an entrepreneurial investor, looking to buy a coop, condo or small property for individual use or rental
  • a working general partner of a small group of investors, who will actually manage and-or be responsible for overseeing the property after purchase
  • a passive outside investor, who may be searching for an investment that is limited in liability to the original investment.
In real estate development, operating decisions will determine whether or not a deal will be successful and meet overall financial goals. Although most students will not work full-time in the real estate industry, property investments will arise as opportunities to increase passive income and wealth.  Understanding how these deals are created and managed will allow investors to choose deals with the highest probability of success. The real estate topics discussed in the course will include all types of development: residential, hotel, office, retail, land and industrial properties. In addition to case studies, class lectures and discussions, some outstanding entrepreneurial developers will be invited as guest speakers to reinforce the ideas taught in class. The class will include a real estate development project, with group presentations to the class and potential outside investors.

TUESDAY | 6:00 PM - 9:00 PM
February 11, 2020 - May 5, 2020
Subject  OPMG-GB
Course # 2360
Course Section # 30

Sports Economics

Simon Bowmaker
This course applies microeconomic theory and econometric analysis to sport and it explores some public policy issues that have arisen in the design of sports competitions. In addition, it applies the tools of behavioral finance to sports betting markets. This is a unique opportunity to understand why there has been a recent explosion in economists looking both at the market of sports and using sports data to explain or to test theories about the wider business world. The course is divided into four main parts: The Structure of Sports Leagues, Labor Market Issues, College Sports and the Market for Sports Betting. By the end of the course students will be able to comment intelligently on the economic issues of sport which regularly appear in the news media and they will be able to offer insights into the parallels between betting on the ball game, gambling at the ponies, and purchasing stock in a favorite firm on the NYSE.

TUESDAY | 1:30 PM - 4:20 PM
February 4, 2020 - May 5, 2020
Subject  ECON-GB
Course # 2360
Course Section # 20

Strategic Ownership

Belen Villalonga
Most companies—including public corporations—have one or more large shareholders who actively exercise control or significant influence over their company’s strategy. These shareholders include founders and their families, the state, private equity firms, activist investors like hedge funds, other institutional investors, and employees acting in concert. Through their presence or representation on the company’s board of directors, their voting power—often enhanced over their sheer equity stakes through dual-class stock or other governance mechanisms, these shareholders are often the ultimate decision-makers on strategic matters like mergers and acquisitions, divestitures, etc.

This course seeks to deepen your understanding of the strategic role played by shareholders in companies where there is some degree of concentrated ownership. Through discussions of cases and recent articles, we will analyze the impact of these shareholders on competitive and corporate strategies, and ultimately on firm performance and other outcomes (the “what”); the governance structures and mechanisms that enable them to shape those strategies (the “how”); and the different motives that drive these owners’ strategic actions (the “why”).

The course is designed to prepare you to: (a) be good strategic owners yourselves, if you choose a career path in entrepreneurship (including social entrepreneurship), private equity, hedge funds, search funds, or your own family business, and/or (b) work effectively with such owners in your role as managers or strategic advisors, if you choose a career path in consulting, investment banking, M&A advising, or general management.

TUESDAY | 9:00 AM - 11:50 AM
February 4, 2020 - May 5, 2020
Subject  MGMT-GB
Course # 2339
Course Section # 20

Valuation

Aswath Damodaran
Covers the valuation of equity securities and investment strategies utilizing them. Topics include the mathematics of equity valuation, history of stock returns, varieties of equity instruments and the many varieties of common stock risk. Reviews professional portfolio strategies and forecasting techniques, the evaluation of mutual funds and pension funds, the role of equity options and futures in stock, portfolio strategies, the role of technical analysis, and ethical issues in developing and using information that impacts stock prices.

MONDAY/WEDNESDAY | 1:30 PM - 2:50 PM
February 3, 2020 - May 11, 2020
Subject  FINC-GB
Course # 3331
Course Section # 20

Volatility

Robert Engle
The most fascinating aspect of financial market prices is their volatility. Students will learn how to measure and forecast financial volatility. They will become proficient with ARCHGARCH models, exponential smoothing, and historical volatilities. These tools will be used to measure risk and analyze alternative approaches to calculating Value at Risk. Implied volatilities from options will be introduced and compared statistically and economically. Then the course will turn to the multiasset problem and discuss traditional and new approaches to measuring and forecasting correlations. These tools will be applied to the problem of dynamic portfolio selection and risk control.

TUESDAY | 6:00 PM - 9:00 PM
March 31, 2020 - May 5, 2020
Subject  FINC-GB
Course # 3105
Course Section # 30

Rules & Regulations

Eligibility
  • NYU Stern alumni may audit one elective graduate-level course per semester free of charge, pending space availability and permission from the Professor and Office of Alumni Relations.
  • Alumni must be in good standing with the University and must adhere to NYU Stern policies and procedures including NYU Stern’s Code of Conduct and NYU’s Policy on Sexual Misconduct.
  • Auditing alumni are only eligible to sit-in on the class as an observer. They are not eligible to take exams, receive grades, or access online resources such as NYU Classes and other course materials. Courses will not appear on their official academic transcript. Please note, alumni are not eligible to pay for a course in order to receive academic credit and have a grade appear on their transcript.
  • Once a course has begun, alumni are no longer eligible to request a seat in that course.
Procedure
  • To request to audit a course, complete the Audit Request Form and email to Laura Gigliotti in the Office of Development & Alumni Relations at lgigliot@stern.nyu.edu no later than Friday, January 24th.
  • Alumni will be notified the week of January 27th if they are approved to audit a course.
  • Auditing alumni will have access with written permission to the NYU Stern building to attend class, but will not have access to study rooms, printers, the library, gym, or other campus resources, such as Health Services.
NYU Stern reserves the right to revoke this benefit at any time.