Day(s) Tuesday Thursday Time(s) 11:00am - 12:20pm Course # PPHA 35310 Term Fall 2022 Specialization Markets & Regulation Over the past 50 years, the markets for goods and services have become dramatically globalized. The internationalization of financial markets and the liberalization of trade have been critical to this growth. In contrast to a few decades ago, today’s companies manage global supply chains and investment capital moves quickly from market to market. International Trade, Banking and Capital Markets is an introduction to the drivers of and issues behind these changes. It does not assume an extensive knowledge of economics. Topics covered begin with the gains from trade, the domestic instruments of trade policy such as tariffs and treaties, as well as international trade bodies including the World Trade Organization. We will then move on to how trade is conducted between companies in different countries, covering topics such as foreign exchange, trade documentation and instruments used to guarantee payment. The course will then cover aspects of international banking, including the cross-border provision of corporate and investment banking, as well as investment management services. The growth of international banking out of trade finance and the international expansion of domestic businesses will be presented along with the issues these developments created. Finally, this course will acquaint you with modern international capital markets. We will survey global markets for credit, equity, foreign exchange, foreign exchange derivatives, futures, interest rate swaps, credit default swaps and asset backed securities. We will discuss the importance of these markets in supporting the underlying growth in trade and services as well as some of the issues created, e.g., the precipitation of the 1997 East Asian Crisis by developing economies’ increased access to capital markets. Syllabus Instructor(s) David H Schabes Recent News More news Student Profile: Namuka Ishii, MPP Class of 2024 Thu., May 02, 2024 Student Profile: Carrie Collins, MPP Class of 2024 Tue., April 30, 2024 Alumni Profile: Eloísa Ávila-Uribe, MACRM’23 Fri., April 26, 2024 Upcoming Events More events Data and Policy Summer Scholars Program (DPSS): Deep-Dive Conversation with Jose Macias and Alexandra Sobczynski Mon., May 06, 2024 | 7:30 PM International Policy Action Lab Mini Class with Austin Wright Tue., May 07, 2024 | 6:00 AM Driving Policy Innovation in the Social Sector in India: Lunch Conversation with Luis Miranda Tue., May 07, 2024 | 12:30 PM Harris School of Public Policy (The Keller Center), Room 2112 1307 E 60th St Chicago, IL 60637 United States