Consider an investment opportunity that generates a profit (net of all investment costs) of either + 1 dollar with probability or -1 dollar with probability . Students will work intensively with data, drawing from examples in business and public policy, to develop the skills to use data analysis to make better decisions. This course will explore these implications by answering two main questions: (1) what does behavorial economics imply for when and how the government should intervene in markets? The BEPP 900 course provides a venue for the latter. 3732 Locust Walk People face uncertainty in their choice of careers, spending and saving decisions, family choices, and many other facets of life. The focus is on the "big picture" of global economic developments and the evolution of economic thought over the last one hundred years. (2) What does behavioral economics imply for firms' pricing and production decisions? Course Syllabus Athabasca University. We devote substantial focus on the practical implementation of effective risk management/financing, given evolving regulatory and governance standards. Prerequisite: (ECON 701 AND ECON 703) OR (ECON 681 AND ECON 682), By failing to prepare, you are preparing to fail. o BEPP 322: Business Insurance and Estate Planning Requirements: The BEPP concentration has three requirements: Business Economics and Public Policy Fundamentals. This course focuses on understanding the drivers of risk contagion and ways to restore confidence in worldwide markets for pure and financial risk. In the last few years, very large markets have been created from scratch, such as eBay, Adwords, and smaller markets like odesk.com and sittercity.com. The time period covers: the Roaring Twenties; the Great Depression, the post war Golden Age (1945-1973); the stagflation of the 1970s; the Washington Consensus era of the market liberalization (1980-2007); and the 2008 financial crisis and Great Recession of 2007-2010 and its aftermath. Taught by: Olivia Mitchell/Nicholas Roussanov. Prerequisite: BEPP 250 OR ECON 001 OR ECON 010, BEPP 207 Economics for the Next Hundred Years. o BEPP 280: Applied Data Analysis o HCMG 202: Economics and Financing of Health Care Students are expected to have mastered these materials before enrolling in the second quarter course: Microeconomics for Managers: Advanced Applications. Throughout, the class emphasizes current real-world cases to illustrate the competitive differences in strategies taken by hedge funds, private equity pools, and insurers, as they address the increasing need for risk capital around the world. Economists' typical interests in strategic and market-based interactions raise particular methodological challenges and opportunities. FNCE 205: Investment Management View Notes - Bepp Syllabus.pdf from ENGLISH 101 at Drexel University. These findings have important implications for government policy and firm behavior. Nonprofit organizations operate in service of specific social missions rather than profit maximization, but in order to serve those missions effectively while ensuring their own survival, they must also make many of the decisions typically associated with private firms. This changing energy landscape requires quick adaptation from energy companies, but also offers opportunities to turn regulations into new business. o OIDD 314: Enabling Technologies This course studies how public policy impacts firms' strategic choices in a host of economic environments. In the US, the course focuses on the development of securitization markets and addresses the current challenges of housing finance reform, including the future of Fannie Mae and Freddie Mac. While this is a "tools" course, we will cover many real-world applications, particularly business applications, so that you can witness the usefulness of these tools and acquire the skills to use them yourself. o OIDD 290: Decision Processes, Public Policy Track geared towards students with interests in law, government, or public policy organizations such as think tanks and NGOs. We will emphasize (a) the critical role of an underlying economic theory of behavior in interpreting data and guiding analysis, as wel as (b) a range of advanced techniques for inferring causality from data, such as randomized controlled trials, regression discontinuity, difference-in-difference, audit study (mystery shopping) approaches and stock-market event studies. Other members of the department will serve as unofficial advisers to students according to expertise and interests. The topics include: financial market booms and busts; business cycles; monetary and fiscal policies; inequality; the social welfare state; technological change and economic growth; and international trade and financial arrangements. Spring 2018, Consumers, Firms and Markets in Developing Countries, BEPP 233 Behavioral economics has revealed a variety of systematic ways in which people deviate from being perfectly selfish, rational, optimizing agents. The second portion analyzes the economic rationale for legislation and regulation in the presence of market failures. The issue of causality, and the relevance of thinking about models and methods for inferring causality, is just as central and important for "Big Data" as it is when working with traditional data sets in business and public policy. This course focuses on understanding the drivers of risk contagion and ways to restore confidence in worldwide markets for pure and financial risk. The last financial crisis and subsequent recession provide ample evidence that failure to properly manage risk can result in disaster. A guiding focus of the course will be studying the role of behavioral economics when conducting welfare or policy analysis. We devote substantial focus on the practical implementation of effective risk management/financing, given evolving regulatory and governance standards. Individuals and firms confront risk in nearly all decisions they make. BEPP 261: Risk Analysis and Environmental Management The class is divided into four sections: (1) supply and demand for housing, including the operations of homebuilders and rental landlords; (2) house prices, including cycles and price dynamics; (3) international comparisons; and (4) public policy analysis applied to a current housing markets-related issue. o BEPP 236: International Housing Comparisons Both theoretical and empirical evidence will be covered along with a mix of classic studies and more cutting-edge research. However, given the ubiquitous presence of strategic situations in human societies, applications will extend to politics, war, sports, history, crime, theology, and every day life, and cover the existence of God, steroid use in sports, racial discrimination, land conflict, trench warfare in World War I, and the Medieval Law Merchant. o BEPP 212: Economic Analysis of Law The compound model is then used to establish the distribution of losses. The bankruptcy of a key supplier, sharp rise in cost of financing, destruction of an important asset, impact of global warming, or a liability suit can quickly squander the value created by firms. This course intended for Penn undergraduates considers economic models of household decisions and examines evidence on how consumers are managing (and mismanaging) their finances. o REAL 215: Urban Real Estate Economics, Insurance and Risk Management Track geared towards students who have an interest in risk and insurance, possibly in combination with a finance concentration. To receive credit in PSYC 289 you are also required to participate in research or to write a book report. Fundamental: BEPP 201: Introduction to Business Economics and Public Policy common stock) positions, diversification techniques, and asset allocation strategies; distribution of retirement assets; lifetime giving and estate planning; and analysis of current developments in the creation, conservation, and distribution of estates.