Week 1 Tuesday January 16
Researching economics and finance:
information resources and writing: the White Paper and the Equity Research
Report. Introduction to accessing Bloomberg
Terminal data. Library Information Session with the Reference
Librarian. Begin lecture on valuation.
Assignment 1: Equity Research
Report: presentations and paper due week 4: Company chosen by class.
Readings
-
What is Valuation? by Professor
Aswath Damodaran, NYU Stern School of Business:http://pages.stern.nyu.edu/~adamodar/New_Home_Page/background/valintro.htm
March 21, 2014
-
What’s in an Equity Research Report?
by Brian Cheasare; this is a nice 20 minute video on key elements of writing an
ERP.
http://www.mergersandinquisitions.com/equity-research-report/
-
CFA Equity Research Report
Essentials 2013
-
Guidelines on the Frohring Library
website: http://johncabot.libguides.com/EC480/equity-research-report
Discussion of topics of interest for research papers.
Week 2 Tuesday January 23
Information Cascades -
discussion questions assigned.
Classroom Games: Information
Cascades by Lisa Anderson and Charles Holt, The Journal of Economic
Perspectives, Vol. 10, No. 4 (Autumn, 1996) http://www.jstor.org/stable/2138561
Learning from the Behavior of
Others: Conformity, Fads, and Informational Cascades by Sushil Bikhchandani and
David Hirshleifer, The Journal of Economic Perspectives, Vol. 12, No. 3
(Summer, 1998) http://www.jstore.org/stable/2647037
Part 2: How to write a
research statement.
Review of financial data
for selected company for the Equity Research Report.
Week 3 Tuesday January 30
Part I: Sovereign Debt - discussion questions
assigned to be prepared for class.
Begin Assignment 2: the White
Paper: You have been asked by your employer, a pension fund, to provide a
recommendation as to the ratings of a specific country’s sovereign debt
and potential purchase for a portfolio. Include in your paper a critical
assessment of rating agencies. Write a 4
to 5-page White Paper for your client and give a 10-minute summary report with
3 to 10 power point slides maximum.
Presentation Week 5. White paper due week 7.
See the guidelines on the Frohring
Library website for White Papers: http://johncabot.libguides.com/EC480/white-papers
The Economics and Law of
Sovereign Debt and Default Author(s) Ugo Panizza, Federico
Sturzenegger and Jeromin Zettelmeyer, Journal of Economic Literature, Vol. 47,
No. 3 (Sep., 2009), pp. 651-698,
To Judge Leviathan: Sovereign Credit
Ratings, National Law, and the World Economy Author(s):
Christopher M. Bruner and Rawi Abdelal, Journal of Public Policy, Vol. 25, No.
2 (May - Aug., 2005), pp. 191-217.
Sovereign Credit Rating Methodology: An Evaluation by Ashok Vir Bhatia, October 2002. IMF Working Paper.
Week 4 Tuesday February 6
Equity Research Presentation;
report due.
Week 5 Tuesday,
February 13
Sovereign bond white paper
presentation.
Thesis statements handed in (email).
Week 6 Tuesday, February 20
Discussion questions
assigned for class.
Does Culture Affect Economic Outcomes? Author(s): Luigi Guiso, Paola Sapienza and
Luigi Zingales Source: The Journal of Economic Perspectives, Vol. 20, No. 2
(Spring, 2006), pp. 23-48 Published by: American Economic Association Stable
URL: http://www.jstor.org/stable/30033649 Accessed: 03-09-2017 20:18 UTC
Unbalanced Growth -
Discussion questions to prepare before class
Macroeconomics of Unbalanced Growth: The Anatomy of
Urban Crisis Author(s): William J.
Baumol Source: The American Economic Review, Vol. 57, No. 3
(Jun., 1967), pp. 415-426 Published by: American Economic Association
Thesis statements presented.
Week
7 Tuesday, February 27
Sovereign
Bond Paper due.
Discussion questions assigned for
class.
Collective Action and the Evolution
of Social Norms: by Elinor Ostrom, Joumal of Economic Perspectives—Volume 14,
Number 3—Summer 2000—Pages 137-158
Week
8 Tuesday, March 6
Discussion question
assigned for class.
Introduction to
measuring wage discrimination (students should read briefly through Oaxaca
paper before class as we will go over it in class: Male
Female Wage Discrimination in Urban Labor Markets, Author: Ronald Oaxaca,
International Economic Review, Volume 14, Issue 3, October 1973 (693-709)
Bayesian Bigot? Statistical Discrimination,
Stereotypes, and Employer Decision Making Author(s): Devah Pager and Diana Karafin
Source: Annals of the American Academy
of Political and Social Science, Vol. 621, The Moynihan Report Revisited:
Lessons and Reflections after Four Decades (Jan., 2009), pp. 70-93 Published
by: in association with the Sage
Publications, Inc. American Academy of Political and Social Science Stable URL: http://www.jstor.org/stable/40375833 Accessed:
19-04-2015 10:11 UTC
Are Emily and Greg More Employable than Lakisha and
Jamal? A Field Experiment on Labor Market Discrimination Author(s): Marianne Bertrand
and Sendhil Mullainathan Source: The
American Economic Review, Vol. 94, No. 4 (Sep., 2004), pp. 991-1013 Published
by: American Economic Association Stable
URL: http://www.jstor.org/stable/3592802
Accessed: 19-04-2015 09:58 UTC
Prepare an
excel file of the Oaxaca wage discrimination file using the CPS May data for
Week 7: demonstrate ability to clearly present and document and excel file.
Week
9 Tuesday, March 13
Review of paper in class.
Microeconomics: Private information,
adverse selection and market failure.
Akerlof G. A., “The market for
“lemons”: quality uncertainty and the market mechanism”, The Quarterly
Journal of Economics 84, 488-500, 1970.
URL: http://www.jstor.org/stable/1879431
Review of paper in class.
Spence M., “Job Market
Signaling”, The Quarterly Journal of Economics 87, 355-374,
1973.
URL: http://www.jstor.org/stable/1882010
Preliminary final paper presentations: outline of
argument
Week 10 Tuesday, March 19
In class test on the
CFA Code of Ethics and Professional Conduct
Discussion questions assigned for class.
Big Data: New Tricks for Econometrics Author(s): Hal R. Varian Source: The Journal
of Economic Perspectives, Vol. 28, No. 2 (Spring 2014), pp. 3-27 Published by:
American Economic Association Stable URL: http://www.jstor.org/stable/23723482
Accessed: 20-05-2015 04:07 UTC
Big Data For
Dummies eBook Authors: Hurwitz,
Judith; Nugent, Alan; Halper, Fern; Kaufman, Marcia; Kirsch, Dan
Published: For Dummies, 2013-04-02 ISBN: 9781118504222
Student presentations on Big
Data examples.
Week 11 Tuesday, March 26
BLOCK CHAINS
AND CRYPTOCURRENCY – STUDENT PRESENTATIONS AND DISCUSSIONS.
Week
12 Tuesday, April 10
No class.
Final Paper Preparation.
Week
13 Tuesday, April 17
Final paper presentations
Week 14 Tuesday, April 24Final paper presentations
Week 15: Final exam day and time scheduled
by the University.