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,  9/7/16
Room 300, Wallace Hall

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

6:00 - 8:30 pm
Adam Shrager, The College of New Jersey
Accounting for Policy Makers

Framework for Understanding Financial Markets

All sessions will be held in Bowl 016, Robertson Hall

Thursday, 9/8/16

1:30 – 5:00 pm
Charles Jones, Columbia Business School 
Treasury Securities

Friday, 9/9/16

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

Lunch Break 12:00 noon – 1:00 pm

1:00 - 5:00 pm
Michael Johannes, Columbia Business School
Mortgages & Derivatives

Saturday, 9/10/16

8:30 am – 9:00 am Breakfast

9:00 am - 10:00 am
Ashoka Mody, Charles and Marie Robertson Visiting Professor, Princeton University
Global Economic and Financial Fault Lines

10:00 am – 10:45 am
Noah Gottdiener, Chief Executive Officer, President and Chairman of the Board of Duff & Phelps
For What it's Worth: Valuation and the Capital Markets

10:45 am – 11:00 am Coffee Break

11:00 am - 12:30 pm
Motohiro Yogo, Professor of Economics, Princeton University
Insurance Markets

Lunch from 12:30 pm – 1:30 pm

1:30 pm – 5:00 pm
Wenli Li, Senior Economic Advisor and Economist, Federal Reserve Bank of Philadelphia
Banks and the Financial Crisis

Sunday 09/11/16

8:30 am – 9:00 am Breakfast

9:00 am – 10:00 am
R. J. Gallo, Head of Municipal Bond Investment Group, Federated Investors Inc.
Municipal Bond Markets 

10:00 am – 11:00 am
David Rubenstein,  Co-founder and Managing Director of The Carlyle Group
Private Equity

11:00 am – 11:15 am Coffee Break

11:15 am – 12:15 pm
Thomas Byrne, Managing Director and Head of Equity Portfolio Management, Byrne Asset Management, and Chair of the New Jersey State Investment Council
The Finances of the State of New Jersey

Lunch break 12:15 noon – 1:15 pm

1:15 pm – 2:15 pm
James Leitner, President, Falcon Management Corporation
Domestic and International Trading and Investing Demystified

2:15 pm – 2:30 pm Coffee Break

2:30 – 5:00 pm
Financial Regulation Panel – moderator Atif Mian, Princeton University
Aaron Klein, Policy Director, Brookings Institute
Norm Champ, Former Director of Investment Management Division at the Securities and Exchange Commission
Marshall Lux, Senior Fellow at Harvard's Kennedy School
Donald Bernstein, Partner and Head of Insolvency and Restructuring,  Davis Polk

End of Short-Course

You may view last year's program.

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