Course # 32530 Day(s) F Time(s) 9:00 AM - 11:50 AM Term Spring 2018 Specialization Municipal Finance This class is for graduate students interested in how state and local governments, not for profit hospitals, colleges and universities, and cultural institutions finance capital projects including but not limited to: roads; bridges; mass transit, water sewer and electric systems; and public buildings, through the issuance or sale of municipal bonds. There are over $3.7 trillion in municipal bonds outstanding and on average over $350 billion issued each year. This annual amount represents 10,000 separate financings. This market is critical to investors and the 87,500 state and local governments in the United States that need to meet the needs of their respective citizens. There are 55,000 governments with debt outstanding. Each week we will cover different aspects of tax exempt bonds and the various processes used to raise money for governments and not for profits. The texts will be supplemented by rating agency reports, and topical articles from industry publications and publicly available web sites. Some classes will include guest speakers to illuminate a course subject and to point up career opportunities. The class will include a discussion how and where Master’s students in public policy can pursue various career options in the municipal bond industry including: working in a: budget or finance office of a government focusing on debt management; at a rating agency; working as an analyst for a mutual fund, insurance company or bank trust company; or working; or as an analyst for an investment banking firm or government advisory firm. We will also discuss how these entry level positions can lead to careers in investment banking for government and portfolio management of tax exempt bonds. This class should be taken by students in their second year of enrollment. Notes Municipal Finance students will be given priority for this course. Quarter Title Instructor Day(s) Time(s) Syllabus Winter 2024 Fundamentals of Municipal Bonds Justin Marlowe Monday, Wednesday 9:00am-10:20am Syllabus Recent News More news Natasha Mathur, MSCAPP’19, on the Connection Between the Real World and Data Tue., June 25, 2024 Research Professor Robert Kaestner Assesses Effects of Increased Income on Infant Health Tue., June 18, 2024 Harris Voices: Miguel A. Blancarte, Jr., CLA'21, on Growth During Trying Times Mon., June 17, 2024 Upcoming Events More events UChicago Harris Coffee Chat in Seoul Sun., June 30, 2024 | 10:00 AM Offer Bakery Cafe 21 Hongik-ro 5-gil Mapo-gu Seoul 04039 South Korea Harris Campus Visit Wed., July 10, 2024 | 10:00 AM Keller Center 1307 E 60th St Chicago, IL 60637 United States Harris Evening Master's Program Information Session Wed., July 10, 2024 | 12:00 PM
May 14, 2024 New Harris Research Finds that Return-to-Office Policies Drive Senior Employees Away and Reduce Innovation
October 12, 2022 Harris Evening Master's Program Class Visit: Public Finance and Budgeting with Professor Justin Marlowe
July 25, 2022 Q&A: Justin Marlowe on How the Largest Infrastructure Bill Since the Eisenhower Administration Is Playing Out