Short Course: Financial Markets for Public Policy Professionals

Restricted to pre-registered WWS students

For over six years, JRCPPF has offered this popular intensive course, held before the start of fall classes, to all Woodrow Wilson School MPPs and second-year MPAs, by application only.

The events of the last decade highlight the need for public policy professionals to understand how financial markets operate. However, given the wide range of institutions in global financial markets, the seemingly endless number of instruments in which they deal and the specialized functions they perform, the world of finance can seem impenetrable to those who are not in the industry.

The purpose of this short course is to provide a framework for understanding the operations of financial institutions, the economic purposes they serve and the markets in which they deal.

  • What is a hedge fund?
  • How does it differ from a private equity firm?
  • How do commercial banking and investment banking differ?
  • How are financial markets and institutions regulated?
  • How should they be regulated?

These are but a few of the questions policymakers must ask in thinking about financial markets. Violeta Rosenthal, assistant director of the JRCPPF, and former senior economist at the World Bank and economics lecturer at Yale University, is the overall coordinator for the course.


PROGRAM

Understanding the Language of Finance

Wednesday,  9/6/17
Room 399, Julis Romo Rabinowitz Building

5:40 - 6:00 pm (Pizza and salad will be served)

6:00 - 8:30 pm
Accounting for Policy Makers
Donal Byard,
Zicklin School of Business, Baruch College

Framework for Understanding Financial Markets

All sessions will be held in Bowl A17, Julis Romo Rabinowitz Building

Thursday, 9/7/17

8:30 - 9:00 am Breakfast

9:00 am - 12:00 noon
Treasury Markets
Charles Jones, Columbia Business School 

12:00 noon – 1:00 pm Lunch Break

1:00 - 5:00 pm
Credit Markets
Charles Jones
, Columbia Business School 

Friday, 9/8/17

8:30 – 9:00 am Breakfast

9:00 am - 12:00 noon
Mortgages & Derivatives
Michael Johannes
, Columbia Business School

12:00 noon – 1:00 pm Lunch Break

1:00 - 3:00 pm
Mortgages & Derivatives
Michael Johannes
, Columbia Business School

3:00 - 3:15 pm Coffee break

3:15 – 5:15 pm
Banks and the Financial Crisis
Wenli Li,
Senior Economic Advisor and Economist, Federal Reserve Bank of Philadelphia


Saturday, 9/9/17

8:30 - 9:00 am Breakfast

9:00 - 10:00 am
Municipal Bond Markets 
RJ Gallo, Senior Portfolio Manager, Senior Vice President, Head of Municipal Bond Investment Group, Federated Investors, Pittsburgh, PA

10:00 - 10:45 am
Private Equity
David Rubenstein,  
Co-founder and Managing Director of The Carlyle Group

10:45 - 11:00 am Coffee Break

11:00 – 11:45 am
For What it's Worth: Valuation and the Capital Markets
Noah Gottdiener
, Chief Executive Officer, President and Chairman of the Board of Duff & Phelps

11:45 am - 1:00 pm Lunch Break

1:00 - 2:00 pm
Global Economic and Financial Fault Lines
Ashoka Mody,
Charles and Marie Robertson Visiting Professor, Princeton University


2:00 - 2:45 pm
Domestic and International Trading and Investing Demystified
James Leitner,
President, Falcon Management Corporation

2:45 – 3:00 pm Coffee Break

3:00 – 4:00 pm
Financial Regulation 
Justin Schardin, Former Director of the Financial Regulatory Reform Initiative, Fellow, Bipartisan Policy Center

4:00 - 5:00 pm
Dana Foarta, Assistant Professor of Political Economy, Stanford Business School, Visiting Associate Research Scholar, JRCPPF, Princeton University

End of Short-Course

You may view last year's program.

For a one-page news summary of the program click here