Cursos en el extranjero

En verano la prestigiosa universidad London School of Economics oferta programas reconocidos internacionalmente y que son impartidos por el profesorado de la universidad. La Summer School se inició en 1989 y ofrece un amplio abanico de cursos, dirigidos a estudiantes de Derecho, Business, Económicas y Relaciones Internacionales. Fundada en 1895, la London School of Economics está situada entre Houghton Street y Aldwych, cerca del centro financiero y comercial de Londres. Hoy en día cuenta con más de 4.000 estudiantes y dispone del mayor departamento de Relaciones Internacionales de Gran Bretaña y del oeste de Europa. En el programa se ofrece la posibilidad de participar en un amplio programa de actividades artístico- culturales: British Museum, National Gallery, Buckingham Palace, Covent Garden, Cambridge, Oxford… Las Summer Session en London School of Economics tienen una duración de 3 semanas y se imparten de lunes a viernes. Ver información del Centro de Estudios

Fechas:

  • Session 1: 3 semanas. Fechas: 19 de Junio al 7 de Julio de 2017, fecha límite inscripción: 30 de Mayo de 2016
  • Session 2: 3 semanas. Fechas: del 10 al 28 de Julio de 2017, fecha límite inscripción: 30 de Mayo de 2016
  • Session 3: 3 semanas. Fechas: del 31 de Julio al 18 de Agosto de 2017, fecha límite inscripción: 30 de Mayo de 2016 

REQUISITOS: Nivel de idioma Avanzado.

Contenido

A partir de 15 horas de clases semanales. Clases, conferencias y seminarios impartidos por profesionales y profesores.

Áreas:

– Economics
– Law
– International Relations
– Management
– Accounting
– Finance

Más abajo puedes ver los cursos que se imparten de cada una de estas áreas, así como su descripción y contenido.

Alojamiento

En residencia S.C.: Self catering. Con desayuno. Posibilidad de prepararse las comidas. Habitación individual. Ver información del Alojamiento

 

Características


Actividades Sociales

Biblioteca

Cafetería

Curso acreditado

Espacio lounge

Interacción con estudiantes locales

Sala con ordenadores

WiFi

Precios y fechas

Haz clic en cualquiera de los precios de la tabla para rellenar la calculadora de presupuestos.

Elije la duración: de 3 a 3 semanas

Semanas
3

Summer Session

En Residencia con desayuno
5.080 €
Fechas de inicio: 19 de Junio. 10 de Julio. 31 de Julio.

Los precios incluyen

  • Matrícula e impuestos
  • Clases (número de horas según programa)
  • Test de nivel en destino
  • Certificado acreditativo del curso
  • Alojamiento (comidas según programa)
  • Gestión de visado

Los precios no incluyen

  • Billete de avión
  • Seguro médico y de accidentes (opcional):
    Europa: 50 € /mes. Resto países: 70 € /mes
    En el caso de las Universidades de EEUU es obligatorio adquirir su seguro médico
  • Tarifa de visado

A continuación se muestran los cursos que se imparten en verano en LSE Summer School en distintas áreas. Todos ellos tiene una duración de 3 semanas. Se trata de escoger uno de los cursos. Las clases se imparten por las mañanas de lunes a viernes. Algunas tardes se imparten conferencias o seminarios relacionados con cada curso.

London School of Economics organiza actividades sociales, por las tardes y noches, como una cena crucero por el río, eventos sociales y actividades culturales. Estas actividades son opcionales.

LSE Summer School es la universidad de verano más grande del Reino Unido, con más de 4.000 estudiantes cada año. Ofrecemos más de 60 cursos intensivos de 3 semanas de duración, de nivel universitario, de Contabilidad, Finanzas, Derecho, Economía, Relaciones Internacionales, Gobierno y Sociedad, y Administración. Estos cursos se imparten en nuestro centro de London Campus. Los cursos están dirigidos tanto a estudiantes como a profesionales.

  • Primera sesión:
  • Segunda sesión:

Características

PROFESORADO

Los cursos impartidos en la LSE Summer School se basan en cursos universitarios regulares de LSE. Los profesores son expertos en sus campos y comprometidos con la enseñanza, y tienen un alto rigor económico. Nuestros profesores participan activamente en la investigación académica y muchos actúan como asesores y consultores de empresas y organismos gubernamentales.

ESTUDIANTES DE TODO EL MUNDO

En la LSE se le dará la oportunidad de interactuar con estudiantes de distintos orígenes y culturas, tanto dentro como fuera de clase. Usted formará parte de un grupo con gran variedad de puntos de vista y opiniones, y podrá crear amistades y redes que abarcan todo el mundo.

Mientras la mayoría de nuestros alumnos son de pregrado, también damos la bienvenida a un gran número de estudiantes de postgrado y profesionales cada año (grupos de organizaciones tales como Banco de Inglaterra, Comisión europea, Ministerio holandés de Finanzas, Banco de Italia, Naciones Unidas, entre otros…).

OBTENER CRÉDITOS

Instituciones de todo el mundo otrogan créditos para los cursos de LSE Summer School. Mientras que en última instancia corresponde a su institución de origen en cuanto a la cantidad de créditos otorgados, por lo general estos cursos otorgan 3 créditos en el sistema de los EEUU y 7,5 ECTS en el sistema europeo. Para obtener más información, consulte a su asesor de estudios en el Extranjero.

ESTUDIA EN UNA DE LAS CIUDADES MÁS EMOCIONANTES DEL MUNDO

Ver el mundo y experimentar otras culturas es una experiencia de aprendizaje esencial. Londres es una de las ciudades más interesantes y culturalmente más diversa de todo el mundo. Con una impresionante arquitectura, galerías y museos mundialmente conocidos, y una gran vida nocturna, Londres sigue siendo uno de los destinos turísticos más importantes del mundo, y es la capital financiera europea. Formar parte de la LSE Summer School le dará la oportunidad de estudiar y vivir en una de las ciudades globales líderes en el mundo.

La experiencia internacional es una parte imprescindible del CV, y además del crecimiento personal que se obtiene con los viajes al extranjero, se puede incluir el estudio en una de las mejores universidades del mundo, lo que hace que los alumnos de la LSE Summer School destaquen por encima de los demás.

Si bien el foco principal de su tiempo en LSE serán sus estudios, también tendrá la oportunidad de relajarse con sus compañeros de estudio fuera de la clase. Un programa social organizado le dará la oportunidad de ver algunos de los lugares de más interés de Londres, así como espectáculos y demás eventos importantes del momento.

Instalaciones en LSE

Como estudiante registrado en LSE Summer School obtendrá los mismos accesos y privilegios que cualquier otro estudiante de LSE.

BIBLIOTECA

Horario durante la Escuela de Verano: de lunes a viernes: de 8am a 11pm / fines de semana: de 10am a 9pm.

La Biblioteca de LSE es la biblioteca nacional más importante de las ciencias sociales. Los estudiantes tiene acceso a casi todas las 4 millones de referencias existentes en dicha biblioteca. Un catálogo informatizado y una serie de bases de datos en línea ayudan a los estudiantes a encontrar las publicaciones que requieren, tanto en la biblioteca como en otro lugar de la Universidad de Londres. Los usuarios de la Biblioteca pueden disfrutar de un entorno inmejorable para el estudio individual y en grupo. 1600 plazas, que incluyen 490 pcs en red y 226 puntos de conexión para portátil. Hay también disponible un servicio de fotocopias. La tarjeta magnética de plástico emitida al registro da derecho a los usuarios el acceso a la biblioteca y al uso de todo su material.

SHAW LIBRARY

La escuela también cuenta con una selección de literatura en general, y partituras de música, en la Shaw Library, situada en la Founder’s Room (Old Building, 6th floor). Este es un pintoresco lugar, una sala confortable, informal, y un lugar ideal para los estudiantes, tanto para relajarse como para el estudio.

SERVICIOS DE TI

Después del registro, todos los estudiantes de la LSE Summer School obtendrán una cuenta de IT que les permitirá iniciar sesión en red y acceder a las aplicaciones comunes y software especializado, así como al espacio seguro de expendiente personal y a una dirección de correo electrónico de LSE.

Hay aproximadamente 1000 pcs en red disponibles, y los estudiantes tendrán acceso a los servicios de impresión en el campus. También existe una extensa red inalámbrica para acceder a Internet y consultar el correo. Todas las residencias están adaptadas a la conexión a la red de la escuela, y en la mayoría de las residencias se pueden utilizar ordenadores portátiles en el dormitorio o en las zonas previstas para ello, en las áreas sociales y recreativas. Los detalles completos de las instalaciones de TI y los requisitos para el acceso portátil se subministran a los estudiantes aceptados.

CENTRO DE SALUD EN LSE

Todos los estudiantes de la Summer School podrán inscribirse en el Centro de Salud de LSE para el tratamiento médico de los problemas del día a día que surgen durante la visita, con el pago de un pequeño suplemento. Se aconseja a los estudiantes procedentes de países de fuera de la UE que contraten un seguro médico durante su estancia.

RESTAURACIÓN

Nuestras instalaciones ofrecen una amplia gama de alimentos y bebidas, junto con la oportunidad de socializar con amigos y colegas. Hay seis restaurantes y cafeterías y pubs en tres campus, que ofrecen comida de calidad y bebidas a precios asequibles.

INSTALACIONES DEPORTIVAS

Las siguientes instalaciones deportivas estarán disponibles (con un pequeño suplemento para los estudiantes de la LSE Summer School para convertirse en miembros del gimnasio LSE). Todos los detalles sobre los servicios se proporcionarán en el registro.

Instalaciones:
– Pista de bádminton
– 3 pistas de squash
– Gimnasio recientemente reformado, atendido por profesionales cualificados y totalmente equipado, con instalaciones de cardiovascular, bicicletas, steppers, remo, además de 11 estaciones de resistencia, máquinas, entrenadores.
– Vestuarios con duchas y taquillas.
– Horario de apertura: de lunes a viernes de 8am a 9pm / sábado de 10am a 6pm / domingo de 11am a 5pm

Lincoln’s Inn Field, frente al edificio acedémico nuevo, dispone de tenis, y cuatro piscinas de competición están a dos millas de la escuela.

El mapa muestra la zona, no la ubicación exacta.

Residencia, habitación individual, self-catering, con desayuno

La residencia está situada en el centro de Londres, a corta distancia del campus de la LSE. Muchas de las atracciones de Londres se encuentran cerca de la residencia, por lo que la estancia en el centro de la ciudad es mucho más atractiva.

La residencia es un complejo de apartamentos equipados con cocina que cuentan con habitaciones individuales para los estudiantes. Aunque el régimen de comidas es Self-Catering y los estudiantes pueden cocinar en cocinas totalmente equipadas, para los alumnos de la LSE se incluye un desayuno continental.

Características de la residencia:
La Residencia tiene estándares altos de calidad y cuenta con las siguientes instalaciones:
• Habitaciones individuales
• Self-Catering, desayuno incluido
• Zonas comunes: salas de TV por satélite, sala común con mesa de billar, sala de ordenadores, etc
• Sábanas y toallas incluidas y cambiadas regularmente
• Cocinas equipadas para uso de los estudiantes
• Habitaciones totalmente equipadas con cama, escritorio, silla, armario, teléfono, etc

El mapa muestra la zona, no la ubicación exacta.

Residencia, habitación individual, con desayuno

La residencia está situada a unos 20 minutos andando de London School of economics. También puede irse en autobús. Está situada en un área con diversos restaurantes, tiendas y cafés.
Las habitaciones son individuales y los estudiantes disponen de salas comunes de descanso y dos cocinas para preparar algún snack o bebida en cada piso.
Incluye desayuno inglés.
Dispone de lavandería y plancha.

El mapa muestra la zona, no la ubicación exacta.

Áreas de estudio

A continuación se muestran los cursos que se imparten en verano en LSE Summer School en distintas áreas. Todos ellos tiene una duración de 3 semanas. Se trata de escoger uno de los cursos. Las clases se imparten por las mañanas de lunes a viernes. Algunas tardes se imparten conferencias o seminarios relacionados con cada curso.

London School of Economics, organiza actividades sociales, por las tardes y noches, como una cena crucero por el río, eventos sociales y actividades culturales. Estas actividades son opcionales.

Escoge un área de estudio

  • Economics Session I

    • Introductory Microeconomics
    • Essential Statistics for Economics & Econometrics
    • Intermediate Microeconomics
    • International Economics
  • ECONOMICS Session 2

    • Introductory Macroeconomics
    • Further Statistics for Economics and Econometrics
    • Intermediate Macroeconomics
    • Introduction to Econometrics
    • Environmental Economics & Sustainable Development
    • The Political Economy of Public Policy
    • Public Finance
    • Development Economics
    • Industrial Organisation & Introduction to Competition Policy
  • ECONOMICS Session 3

    • Introductory Microeconomics
    • Introductory Macroeconomics
    • Introduction to Econometrics
    • Economics of European Integration
    • Advanced Econometrics
    • Money and Banking
  • BUSINESS AND MANAGEMENT Session 1

    • Strategic Management
    • Organisational Behaviour
    • Human Resources Management and Employment Relations
    • Bargaining and Negotiation:Interests, Information, Strategy and Power
    • Marketing
    • From Behaviour Insight to Strategic Decision Modelling
  • MANAGEMENT Session 2

    • Innovation Management
    • Social Innovation and Entrepreneurship
    • Leadership in Organisations
    • Corporate and Organisational Strategy
    • E-Business in the Digital Age
    • Negotiation Boot Camp: Personal Mastery in the Art of Negotiating
    • Consumer Behaviour: Behavioural Fundamentals for Marketing and Management
  • BUSINESS AND MANAGEMENT Session 3

    • Strategic Management
    • Marketing
  • LAW Session 1

    • Introduction to English Law
    • Introduction to International Human Rights: Theory, Law and Practice
    • Commercial Law
    • International Financial Law
    • Advanced Negotiation and Mediation
  • LAW Session 2

    • International Law: Contemporary Issues
    • International Commercial Litigation and Arbitration
    • Cyberlaw
    • European Union Law
    • International Financial Regulation
    • Comparative Human Rights
    • Introduction to Corporate Law and Governance
  • LAW Session 3

    • Competition Law and Policy: Controling Private Power
    • Media Law
    • European Company Law
    • Tax Avoidance and the Law
  • INTERNATIONAL RELATIONS Session 1

    • Culture and Globalisation
    • Athens to Al-Qaeda: Political Theory and International Politics
    • The Middle East in Global Politics
    • Power Shift: The Decline in the West, The Rise of the BRICS and World Order in a New Asian Century
    • Genocide
    • An Urbanising World: The Future of Global Cities
    • International Political Economy
    • International Journalism and Society - The Role of the Media in the Modern World
    • What Kind of Europe? Crisis, Reform and the International Role of the European Union
  • INTERNATIONAL RELATIONS Session 2

    • Capitalism, Democracy and Equality: The Political Economy of the Advanced Nations
    • Understanding Foreign Policy: the Diplomacy of War, Profit and Justice
    • Trade Development & The Environment
    • Global Communications, Citizens and Cultural Politics
    • International Organisation: The Institutions of Global Governance
    • The Global Politics of Protest and Change
    • International Politics: Building Democracies from Conflict
  • INTERNATIONAL RELATIONS Session 3

    • Great Thinkers and Pivotal Leaders: Shaping the Global Order
    • Childhood across Cultures
    • Development in the International Political Economy
    • Islam and Politics
    • Revolutions and World Politics
  • FINANCE Session 1

    • Alternative Investments
    • Finance
    • Options, Futures & Other Financial Derivates
  • FINANCE Session 2

    • Analysis and Managment of Financial Risk
    • Fixed Income Securities, Debt Markets and the Macro Economy
  • FINANCE Session 3

    • Alternative Investments
    • Finance
    • Financial Markets
    • Advbanced Corporate Finance
  • ACCOUNTING Session 1

    • Principles of Accounting
    • Quantamentals
  • ACCOUNTING Session 2

    • Business analysis and valuation
    • Managerial Accounting and Financial Control
  • ACCOUNTING Session 3

    • Applied Valuation and Securities Analysis
    • Principles of Accounting
  • CULTURE AND THE ENVIRONMENT Session 1

    • Culture and Globalisation
    • An Urbanising World: The Future of Global Cities
    • International Journalism and Society - The Role of the Media in the Modern World
  • CULTURE AND THE ENVIRONMENT Session 2

    • Environmental Economics & Sustainable Development
    • Trade, Development and the Environment
    • Global Communications, Citizens and Cultural Politics
  • ENGLISH Session 3

    • English for Business

Introductory Microeconomics

The aim of this course is to introduce students to microeconomic analysis, which is a particular way of looking at the world and trying to understand it.

Topics covered will include:

• Consumer behaviour
• Theory of the firm
• Competitive market equilibrium
• Monopoly
• Factor markets
• General equilibrium theory
• Welfare economics

The course is aimed primarily at those who have not previously studied economics. It provides a foundation for further study in economics, but is sufficiently self-contained to provide a grounding for those who do not intend to take the subject any further. The mathematical requirements of the course are minimal, since exposition of the material is based largely on diagrams and elementary algebra.

Texts
R. H. Frank, Microeconomics and Behavior, (6th edition), McGraw-Hill (2003). [required]
H. R. Varian, Intermediate Microeconomics, (6th edition), Norton (2003). [recommended]

Lectures: 36 hours Classes: 12 hours

Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Essential Statistics for Economics & Econometrics

Course Structure: The content of the course will be presented by formal lectures supported by classes. The lectures will explain the concepts and methods of statistics and will demonstrate these with examples. Full lecture notes will be given for each lecture and sets of exercises will be distributed. These are a vital part of the course and their solutions will be discussed in the classes; full worked solutions will also be distributed. Visual learning material will also be available for each chapter, allowing students to watch recorded videos of lectures and problem solving for all topics covered on the course.

Course Objectives: This is an introductory course on statistics with examples to demonstrate its application in business and economics. There will be a strong emphasis on the concepts and application of probability theory, random variables, distributions, sampling theory, statistical inference, correlation and regression.

Statistical inference techniques such as estimation and significance testing are important in the fitting and interpretation of econometric models. Correlation and regression analysis are essential tools for measuring relationships between variables and for prediction. Applications throughout the course will be related to Economics.

This course should be of value to those intending to study any course involving economic modelling and econometrics.

Texts
As full notes will be provided, there will be no need to rely on a particular text. There are several good texts at the right level for this course which can be used in support of the lecture notes, including:

P. Newbold, Statistics for Business and Economics (6th ed.), Prentice Hall (2008).
T.H. Wonnacott & R. J. Wonnacott, Introductory Statistics for Business and Economics, (4th ed.), Wiley (1990).

Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Intermediate Microeconomics

The aim of this course is to give students the conceptual basis and the necessary tools for understanding modern microeconomics at the intermediate level. This course makes extensive use of calculus.
The course covers five broad areas:
• the theory of the consumer
• the theory of supply (including monopoly)
• general equilibrium and welfare
• game theory
• game theory applications:

o imperfect competition
o moral hazard and contracts
o information problems.
The theory of the consumer discusses the demand side of the economy, while the theory of supply investigates perfect competition and monopoly, as well as the relationship between technology and costs. General equilibrium is covered, including welfare implications, in particular in the presence of externalities. These three areas cover most of orthodox intermediate microeconomics but neglect interesting topics such as market structure, information, contracts and insurance. To address these topics, the course introduces some basic concepts of game theory.
Whilst not all of the presentations will be as mathematical as those provided in the course text, a knowledge of differential calculus is essential for the study of quantitative solutions to economic problems and, indeed, enhances one’s understanding of the underlying concepts. Therefore, on the first day of the course, partial differential calculus will be reviewed and students will also be introduced to techniques of constrained maximisation, such as Lagrangian procedures.

Text
Snyder, Christopher and Walter Nicholson. Microeconomic Theory: Basic Principles and Extensions, (10th edition), Thomson, (2008).
Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

International Economics

This course provides an analysis of the economic relationships between countries, covering both trade and monetary issues.

The course is split into two parts:

  • International macroeconomic issues
    • This part of the course starts out with an overview of the balance of payment accounts and open economy income identities. It then focuses on some of the key questions in open economy macroeconomics such as:
    • How are nominal exchange rates determined?
    • What does it mean for a currency to be overvalued or undervalued?
    • Why do countries run large current account surpluses or deficits? Are such external imbalances sustainable?
    • Why do some fixed exchange rate regimes fail and end in a currency crisis?
    • What are the benefits and costs of a common currency?
  • International trade theory and policy
    • This part of the course addresses some of the classic questions of international trade theory such as:
    • Who trades what with whom?
    • What are the effects of trade on welfare and the income distribution?
    • What are the effects of barriers to trade and economic integration?
    • We look both at the answers of classical and new trade theory to these questions. The first part ends with an overview of recent theoretical and empirical research on the role of heterogeneous firms in international trade.

Introductory Macroeconomics

This course takes both a short and a long-term view of the economy, and aims to help you understand recent developments in macroeconomics using graphic analysis and simple algebra.

It focusesonthe stylised facts of business cycle fluctuations, economic growth and unemployment; discusses what light modern macroeconomics can shed on these facts; and finally evaluates the scope for policy to improve macroeconomic performance.

The economy in the long run

This first part of the course introduces the building blocks of the macro economy, and provides an overview of the performance of the economy in the long-run. Topics focus on the determination of national income, the determinants of long term economic growth, inflation and unemployment and economic pathologies such as persistent unemployment and hyperinflation

Topics list:

  • General equilibrium
  • Money and inflation
  • Labour markets and unemployment
  • Economic growth
  • The open economy

The economy in the short run

An overview of the behaviour of economy in the short term. This part of the course reviews business cycle fluctuations, the design and effects of monetary and fiscal policy, budget deficits and government debt and the open economy.

Topics list:

  • Economic fluctuations and stabilisation policy
  • The evolution of stabilisation policy
  • Government debt
  • Financial intermediation
  • The credit crunch

The course will conclude with a review of the European Monetary Union and the Euro Crisis, and the Great Recession.

Further Statistics for Economics and Econometrics

The course provides a precise and accurate treatment of probability, distribution theory and statistical inference. As such there will be a strong emphasis on mathematical statistics as important discrete and continuous probability distributions are covered (such as the Binomial, Poisson, Uniform, Exponential and Normal distributions). Properties of these distributions will be investigated including use of the moment generating function.

Point estimation techniques are discussed including method of moments, maximum likelihood and least squares estimation. Statistical hypothesis testing and confidence interval construction follow, along with non-parametric and goodness-of-fit tests and contingency tables. A treatment of linear regression models, featuring the interpretation of computer-generated regression output and implications for prediction, rounds off the course.

Collectively, these topics provide a solid training in statistical analysis. As such, this course would be of value to those intending to pursue further study in statistics, econometrics and/or empirical economics. Indeed, the quantitative skills developed by the course are readily applicable to all fields involving real data analysis.

Topics covered include:

  • Probability
  • Probability distributions
  • Sampling theory
  • Point estimation
  • Interval estimation
  • Hypothesis testing
  • Linear regression
  • Goodness-of-fit tests
  • Nonparametric tests

Course Outcomes

To provide a solid understanding of distribution theory which can be drawn upon when developing appropriate statistical tests.  Useful properties of some important distributions will be reviewed as well as parameter estimation techniques for various probability distributions.

To facilitate a comprehensive understanding of the main branches of statistical inference, and to develop the ability to formulate the hypothesis of interest, derive the necessary tools to test this hypothesis and interpret the results.

To introduce the fundamental concepts of statistical modelling, with an emphasis on linear regression models with multiple explanatory variables.

Intermediate Macroeconomics

In recent times, macroeconomic questions have once again surged to the forefront of public attention and debate.

This course aims to bring students up-to-date with modern developments in macroeconomic theory and offer fresh perspectives on the macroeconomic challenges of the day.

It is essentially structured around a series of key questions:

  • What are the forces that drive long-term prosperity?
  • Why does economic activity fluctuate?
  • Can and should policymakers seek to ameliorate business cycles?
  • What are the features of financial markets and labour markets that make them special, and how do they interact with the rest of the economy?
  • What is the role of banks and why are they inherently fragile?
  • How should households and firms plan for an uncertain future?
  • What are the implications of increasing globalisation of trade and finance for the economy?
  • How should central banks conduct monetary policy?

The approach of this course is to discuss the salient features of the data and then go on to present macroeconomic models to study these issues.

Topics covered include:

  • Macroeconomic measurement and data
  • Labour markets and unemployment
  • Economic growth
  • Consumption and saving
  • Investment
  • Money and banking
  • Business cycles
  • Monetary and fiscal policy
  • International macroeconomics

Introduction to Econometrics

Everyone agrees that evidence-based policy is likely to be more constructive and effective than that based on dogma or fancy. The problem, for those concerned with social or economic policy, is that we seldom have the luxury of being able to undertake controlled experiments of the type conducted by natural scientists. Instead, we have to draw our inferences from the analysis of non-experimental data, and that is the function of econometrics.

This introductory course is intended to serve two constituencies:

Professionals: Each year the course is attended by many professionals who have found that the acquisition of econometric skills would be valuable in their work. Included in this category are PhD students, typically in disciplines other      than economics, who are including a serious empirical component in their      dissertations.

Undergraduate students: Many participants are college students from other      universities. Those from the US ought to be able to negotiate credit worth at least one semester since the teaching is at the same standard as that for EC220, the regular-year LSE course taken by economics majors, and the course is distinctly more ambitious in both coverage and depth than the typical one-semester introductory econometrics course in the US.

The course is divided into two parts:

Part 1. The first part of this course introduces the statistical tool known as regression analysis applied to cross-sectional data. It begins with the use and properties of the classical linear regression model and then discusses how various technical problems should be handled.  Initially ordinary least squares is the standard technique, but eventually the focus shifts to instrumental variables estimation.

Part 2. The second part of the course discusses the application of the regression model to time series data.

Topics covered include:

  • Simple Regression Analysis
  • Properties of Regression Coefficients and Hypothesis Testing
  • Multiple Regression Analysis
  • Transformation of Variables
  • Specification of Regression Variables
  • Heteroscedasticity
  • Stochastic Regressors and Measurement Errors
  • Simultaneous Equations Estimation
  • Modelling Dynamic Processes
  • Autocorrelation
  • Panel data regressions

Analytical Depth

The material gives emphasis to the analysis of the finite sample and asymptotic properties of least squares and instrumental variables estimators, and the accompanying implications for statistical inference, under different assumptions concerning the data generation process. The derivation of asymptotic results is coupled with the use of simulation methods to establish finite-sample properties. The course contains many proofs in simple contexts.

Mathematical content

The course uses college algebra supplemented by the differential calculus at a basic undergraduate level when it is appropriate and useful. It does not use matrix algebra.

Hands-on

Examples of simple applications in economics are used throughout. Participants use Stata to fit educational attainment and wage equation models with cross-sectional data and EViews to fit demand functions with time series data. Technical support is provided.

Intuitive understanding

In addition to its technical content, the course emphasizes the development of intuitive understanding. The aim is that participants should at all times understand why the material is useful and necessary.

Course Outcomes

The objective of this course is to provide the basic knowledge of econometrics that is essential equipment for any serious economist or social scientist, to a level where the participant would be competent to continue with the study of the subject in a graduate programme.

While the course is ambitious in terms of its coverage of technical topics, equal importance is attached to the development of an intuitive understanding of the material that will allow these skills to be utilised effectively and creatively, and to give participants the foundation for understanding specialized applications through self-study with confidence when needed.

Environmental Economics & Sustainable Development

Environmental economics is a comparatively young, but by now well-established, branch of economic study. In successfully applying standard microeconomic analysis to the field of the natural environment and sustainable development, economists have challenged many erroneous, but strongly held preconceptions of policy makers and environmentalists alike. For example, the course will show that the efficient level of environmental pollution is, in general, not zero and that there is no risk of running out of fossil fuel non-renewable resources any time soon.

Conversely, however, policy makers fail to understand the fundamental drivers behind renewable resource extinction (particularly species loss), are over-optimistic when it comes to the environmental consequences of economic growth and insufficiently grasp the obstacles toward achieving strong multilateral agreements for solving international and global environmental problems.

The topics covered will include:

  • Environmental externalities and the theory of market failure
  • Economics of pollution control (the efficient level of environmental pollution, taxes, tradeable permits, command-and-control)
  • Economics of natural resource use (non-renewable resources such as oil, gas and metals as well as renewable resources such as fish and forests)
  • Economics of sustainable development (including the measurement of sustainable development and the effect of economic growth on the environment)
  • Valuation of environmental resources (including cost-benefit analysis)
  • Economics of international environmental problems (including the impact of trade and investment liberalization on the environment)
  • Economics of climate change (including the analytical controversy among environmental economists and a focus on the Kyoto Protocol as the only global agreement on reducing greenhouse gas emissions).

Course Outcomes

This course aims to provide students with a sound knowledge and understanding of the major results of environmental economics. Its intention is to deliver the fundamentals of rigorous economic analysis for continued undergraduate studies at a higher level, or graduate studies of environmental economics.

The Political Economy of Public Policy

Does democracy promote economic growth and welfare? What determines the size and evolution of the welfare state? Is regulation done in the interest of consumers? Is there a feasible third way between markets and governments in the delivering of public services? To answer these and many related questions it is necessary to understand the complex relationships between politics and economics.

Governments and political processes define the boundaries of economic relationships and the rules of market interactions. Moreover, governments themselves allocate resources and these allocations reflect complex political bargaining. Understanding the interaction between politics and economics can help us to gain insight into the key questions of public policy making.

Topics covered include:

  • Introduction to political economy
  • Public goods and the collective action problem
  • Elections and public policy. Majority rule
  • The political economy of inequality and redistribution.
  • Political agency
  • Organisation of legislatures and legislative procedures
  • Interest groups
  • Political leadership
  • The origins and effects of political institutions
  • Information, mass media and public policy
  • Electoral rules and policy outcomes

Course outcomes

This course enhances a student’s understanding of the characteristics, determinants and consequences of public-policy making in liberal democracies.

It provides theoretical foundations from both economics and political science, whilst developing an expansive knowledge of theoretical and applied areas of political economy.

Public Finance

This course provides a broad, up-to-date introduction to the economic analysis of public policy issues. The focus of the course, which draws on microeconomic theory, is on the development of analytical tools and their application to key policy issues relating to the spending, taxing and financing activities of government. Particular emphasis is given to recent developments in public economics, including findings from recent research, in areas such as behavioural public economics, new empirical methods and policy innovations.

The first part of the course presents a brief overview of the role of government. The second part examines issues relating to welfare analysis, social insurance and pensions. The third section assesses tax policy and its impact on individuals and companies, while the final part explores the issues of privatisation, outsourcing and the proper scope of government.

Topics covered include:

■ equity, efficiency and the role of the state
■ behavioural public economics
■ market failure and social insurance
■ the pensions “crisis” and savings policy
■ reforming welfare systems
■ the impact of tax incentives and welfare-to work schemes on unemployment
■ tax incentives and investment, including cross-border investment
■ optimal taxation and tax evasion
■ globalisation and tax policy
■ climate change policy: taxes versus emissions trading
■ rethinking the scope of government (outsourcing, public-private partnerships, privatisation)

Texts

This course is not based on a single text. Students are, however, encouraged to purchase Jonathan Gruber (2011) Public Finance and Public Policy, 3rd edition, Worth Publishers, which is used throughout the course, and perhaps also Nicholas Barr, The Economics of the Welfare State, (4th ed.), OUP Oxford, 2004, to which frequent reference is made in parts 1 and 2. Copies of Gruber and Barr are available in the Library Course Collection.
An alternative general textbook, which is complementary although somewhat less complete in its coverage of course topics, is Rosen and Gayer (2007) Public Finance, McGraw Hill (and the previous edition, Rosen (2005) Public Finance, 7th edition, McGraw Hill).
The course readings also include journal articles and working papers, almost all of which can be accessed electronically. A course pack of key articles is provided.

Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations plus written work

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Development Economics

Development has been one of the most lively and thought provoking areas in Economics. Over the past two decades there have been advances in econometric methods and economic theory, which have allowed Development Economics to reformulate some age-old questions. This course will introduce you to these advances and give you a feel of the lively and stimulating debate that has ensued.

This course will take you through an exciting journey that will acquaint you with new ideas and new ways of answering fundamental questions about economic development. These are the very ideas that have enriched our understanding of the processes that ultimately engender economic development. The course has a broad reach and is relevant as an introduction to the subject for continuing students as well as to people who work in the world of policy and business. It is designed to equip you with the theoretical and applied tools that will allow you to analyse the problems faced by deprived communities across the world in a systematic and analytical way.

Topics to be covered include:

■ The Neo-classical and Endogenous Growth Theories
■ Education and Human Capital
■ Role of Institutions in Development
■ Microfinance
■ Credit, Saving and Insurance
■ Property Rights and Investment Incentives
■ Land Redistribution
■ Role of Media and Policy in Development
■ Social Networks and Social Capital
■ Role Regulation in Development
■ Poverty, Under-nutrition & Intra-household Resource Allocation
■ Decentralisation of Public Goods Provisions

The course will explore twelve important topics in the field of Economic Development. We will devote a lecture and a class to each topic. Each lecture would be based on a set of readings and is intended to give you an overview of the topic as well as acquaint you with current research in the area. Each class focuses on a particular journal article and is designed to help you to explore the topic in greater detail.

Text. The main reference text for the course:

D. Ray, Development Economics, Princeton University Press (1998).

Lectures: 36 hours Classes: 12 hours

Assessment: Two written examination

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Industrial Organisation & Introduction to Competition Policy

Industrial organisation is concerned with the use of economic analysis in studying competition between firms and the evolution of market structure. We will focus on understanding the way firms make decisions and the effects of those decisions on market outcomes like prices, quantities, the type of products offered, and social welfare.

Over the past decade, this has been one of the most exciting areas of economics, as a new generation of game-theoretic models have provided us with new ways of analysing a range of practical issues, and addressing some long-standing empirical questions.

The topics covered in this course span a wide range of issues, from predatory pricing to cartel stability, and from the role of non-price competition to the evolution of high technology industries..

Topics covered include the following:

  • Introduction to Industrial Economics
  • Monopoly Price Discrimination and Quality Discrimination
  • Regulatory economics:
  • Introduction to Game Theory
  • Dynamic Games: Finite horizon
  • Differentiated Products Models
  • Entry Deterrence, Limit Pricing, and Strategic Investment
  • Market Structure
  • Dynamic Games: Infinite horizon
  • Mergers, Vertical Relations
  • Markets with Asymmetric Information
  • Auctions

The theoretical models introduced in the lectures will be applied in classes devoted to case studies of specific industries and to some antitrust court cases.

Readings and class discussions will provide background and introduction to a variety of topics, many of which will be covered in lecture in greater depth. The theoretical models introduced in the lectures will be supplemented with case studies of specific industries. An introduction to Competition Policy issues will also be discussed.

Course outcomes

The goals of the course include development of intuition for pricing and other strategic behaviour by firms, and development of skills for analysis of formal models.

It will provide the essential knowledge required to pursue the answer to fundamental questions such as: Why are markets organized the way they are? How do the ways in which a market is organized affect firms’ behaviour? How does the behaviour of firms affect the structure of markets and market outcomes?

The course also aims to deliver a higher level understanding of predatory pricing, cartel stability, the role of non-price competition, and the evolution of high technology industries.

Introductory Microeconomics

This course seeks to introduce microeconomic analysis as a way of understanding the world. It exposes students to standard microeconomic theory with a focus on the development of economic intuition, whilst also providing certain economic tools that support this intuition along the way. The microeconomic mind-set helps students thinking about issues that are relevant empirically and for policy.

Topics covered will include:

  • Consumer behaviour
  • Theory of the firm
  • Competitive market equilibrium
  • Monopoly
  • Factor markets
  • General equilibrium theory
  • Welfare economics

Course Outcomes

One of the key outcomes of this course will be discovering when abstract models are useful and when they are not.  You will participate in class-based exercises that will enhance your understanding of these models through active engagement, rather than just passive reading or listening.

The course is aimed primarily at those who have not previously studied economics. It provides a foundation for further study in economics, but is sufficiently self-contained to provide grounding for those who do not intend to take the subject any further.

Introductory Macroeconomics

This course takes both a short and a long-term view of the economy, and aims to help you understand recent developments in macroeconomics using graphic analysis and simple algebra.

It focusesonthe stylised facts of business cycle fluctuations, economic growth and unemployment; discusses what light modern macroeconomics can shed on these facts; and finally evaluates the scope for policy to improve macroeconomic performance.

The economy in the long run

This first part of the course introduces the building blocks of the macro economy, and provides an overview of the performance of the economy in the long-run. Topics focus on the determination of national income, the determinants of long term economic growth, inflation and unemployment and economic pathologies such as persistent unemployment and hyperinflation

Topics list:

  • General equilibrium
  • Money and inflation
  • Labour markets and unemployment
  • Economic growth
  • The open economy

The economy in the short run

An overview of the behaviour of economy in the short term. This part of the course reviews business cycle fluctuations, the design and effects of monetary and fiscal policy, budget deficits and government debt and the open economy.

Topics list:

  • Economic fluctuations and stabilisation policy
  • The evolution of stabilisation policy
  • Government debt
  • Financial intermediation
  • The credit crunch

The course will conclude with a review of the European Monetary Union and the Euro Crisis, and the Great Recession.

Introduction to Econometrics

Everyone agrees that evidence-based policy is likely to be more constructive and effective than that based on dogma or fancy. The problem, for those concerned with social or economic policy, is that we seldom have the luxury of being able to undertake controlled experiments of the type conducted by natural scientists. Instead, we have to draw our inferences from the analysis of non-experimental data, and that is the function of econometrics.

This introductory course is intended to serve two constituencies:

Professionals: Each year the course is attended by many professionals who have found that the acquisition of econometric skills would be valuable in their work. Included in this category are PhD students, typically in disciplines other      than economics, who are including a serious empirical component in their      dissertations.

Undergraduate students: Many participants are college students from other      universities. Those from the US ought to be able to negotiate credit worth at least one semester since the teaching is at the same standard as that for EC220, the regular-year LSE course taken by economics majors, and the course is distinctly more ambitious in both coverage and depth than the typical one-semester introductory econometrics course in the US.

The course is divided into two parts:

Part 1. The first part of this course introduces the statistical tool known as regression analysis applied to cross-sectional data. It begins with the use and properties of the classical linear regression model and then discusses how various technical problems should be handled.  Initially ordinary least squares is the standard technique, but eventually the focus shifts to instrumental variables estimation.

Part 2. The second part of the course discusses the application of the regression model to time series data.

Topics covered include:

  • Simple Regression Analysis
  • Properties of Regression Coefficients and Hypothesis Testing
  • Multiple Regression Analysis
  • Transformation of Variables
  • Specification of Regression Variables
  • Heteroscedasticity
  • Stochastic Regressors and Measurement Errors
  • Simultaneous Equations Estimation
  • Modelling Dynamic Processes
  • Autocorrelation
  • Panel data regressions

Analytical Depth

The material gives emphasis to the analysis of the finite sample and asymptotic properties of least squares and instrumental variables estimators, and the accompanying implications for statistical inference, under different assumptions concerning the data generation process. The derivation of asymptotic results is coupled with the use of simulation methods to establish finite-sample properties. The course contains many proofs in simple contexts.

Mathematical content

The course uses college algebra supplemented by the differential calculus at a basic undergraduate level when it is appropriate and useful. It does not use matrix algebra.

Hands-on

Examples of simple applications in economics are used throughout. Participants use Stata to fit educational attainment and wage equation models with cross-sectional data and EViews to fit demand functions with time series data. Technical support is provided.

Intuitive understanding

In addition to its technical content, the course emphasizes the development of intuitive understanding. The aim is that participants should at all times understand why the material is useful and necessary.

Course Outcomes

The objective of this course is to provide the basic knowledge of econometrics that is essential equipment for any serious economist or social scientist, to a level where the participant would be competent to continue with the study of the subject in a graduate programme.

While the course is ambitious in terms of its coverage of technical topics, equal importance is attached to the development of an intuitive understanding of the material that will allow these skills to be utilised effectively and creatively, and to give participants the foundation for understanding specialized applications through self-study with confidence when needed.

Economics of European Integration

This course introduces the main economic aspects of the current development of the European Union (EU) and its policies. The course covers the process of European Integration and its economic impacts on individuals, firms and regions. Special attention will be devoted to the analysis of the economic opportunities and challenges generated by economic integration, and to the assessment of the policies designed to support this process and mitigate its potential side-effects.

The topics covered will include:

  • The early phase of the EU: trade integration
  • The Single European Act (SEA) and the effects of free movement of      persons, capital, goods and services within the EU
  • Innovation and technological development in the EU
  • The geography of EU income and unemployment disparities: comparing      the EU with the US, China and India
  • How the EU promotes growth and employment: Europe 2020 and Smarth      Growth Agenda
  • Opportunities and challenges for Multinational Firms in the EU      market
  • The Common Agricultural Policy (CAP) and its evolution
  • The EU Regional Policy and its future for the 2014/2020 period
  • EU enlargement, EU Neighbouring Countries and migration
  • The theory of Optimal Currency Areas (OCA): is the EU an OCA?
  • The European Monetary Union (EMU)
  • Monetary policy in the EU and the Euro
  • European social policy and labour markets
  • Facts and ideas about the ongoing economic crisis

The course will touch on the institutional, political and historical background of European integration, though its main focus is on the economic analysis of the policies and prospects for the European Union. Some recent hot topics in the international policy agenda like rising public debt and the euro crisis will also be covered.

Course outcomes

This course is highly relevant to students and scholars interested in expanding their knowledge of the EU and its economics, but also to policy makers and executives wanting to know more about the opportunities offered by this dynamic and expanding economic space.

Advanced Econometrics

This course will present an advanced treatment of econometric principles for cross-sectional, panel and time-series data sets. While concentrating on linear models, some non-linear cases will also be discussed, notably limited dependent variable models and generalised methods of moments.

The course focuses on modern econometric techniques, addressing both technical derivations and practical applications. Applications in the areas of microeconomics, macroeconomics and finance will be considered.

The topics covered will include.

Main Regression

Principles of Estimation (Ordinary Least Squares, Generalized Least Squares and Maximum Likelihood Estimation with Micro-Econometric applications)

Principles of Testing (t- and F-test; Wald, Likelihood Ratio, Lagrange Multiplier Testing Principles).

Time Series: Basic Time Series Processes; Stationarity and Nonstationarity – Unit roots and Cointegration.

Estimation Methodology

Endogeneity in linear regression models; Instruments; 2SLS estimator and Generalized IV estimator; Simultaneous equations.

Motivation, definition and asymptotic properties of GMM estimator; Efficient GMM estimation; Over-identifying restrictions.

Introduction to Panel Data Models: Fixed effect and random effect models.

Arellano-Bond estimator in dynamic panel data models.

Introduction to Quantile estimation.

Money and Banking

How does the recent financial turmoil affect the economy? What are the causes of inflation and deflation? Why do some countries experience sharp swings in exchange rates? What should central banks do in such circumstances?

In order to answer these and related questions, this course provides a set of tools to analyse the interaction between monetary policy, the real economy and the financial sector. It will combine a study of the relevant theory with applications to recent events and policy debates.

Topics to be covered include:

  • The transmission mechanism of monetary policy
  • Monetary policy strategies
  • The liquidity trap and policy responses: quantitative easing,      credit easing, and other unconventional policies
  • Financial markets
  • Fiscal and monetary policy linkages: government debt and inflation      risks
  • Banking and financial intermediation
  • Current account dynamics
  • Exchange rates and currency crises
  • Deleveraging Crisis
  • Policy responses to the financial crisis.

Strategic Management

This course is an introduction to the field of Strategic Management. It covers the key concepts and theories in the field and how they can be applied to real business situations. All topics are illustrated with case studies about real companies in various different industries. Both lectures and classes will be organized around business cases; in the classes, students are expected to make presentations and to participate actively in the discussions.

Topics include:

* Sources of competitive advantage
* Strategic positioning and competition
* Building capabilities: Incentives and coordination
* Firm scope, vertical integration, and outsourcing
* Entrepreneurial firms
* Thinking strategically: Competition, strategic investments, and real options.
* Corporate strategy
* Mergers and acquisitions

Texts
Main text: Saloner, G., Shepard, A., and Poldony, J., Strategic Management. John Wiley & Sons. (2001; revised version 2005).
Recommended but not required: Besanko, D., Dranove, D., Shanley, M, and Schaefer, S., Economics of Strategy. John Wiley & Sons; 4th Edition (2007).
A pack of business case studies will be distributed at the beginning of the course.

Lectures: 36 hours Classes: 12 hours

Assessment: One written examination and one project on strategy identification

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Organisational Behaviour

The course introduces the fundamental principles of Organisational Behaviour. It examines processes at the level of the individual employee, such as motivation, personality, psychological contracts, justice and decision making, and also explores processes at the group and organisation levels, such as leadership, team working, group dynamics and organisational culture.

The course will expose students to psychological theories that facilitate insight into behaviour in organisations. Case studies and exercises will be used to provide students with the opportunity to apply theoretical principles to real life organisational issues; analyse the contributions and limitations of relevant theories; and draw out the practical implications of the empirical evidence. The course is ideally suited to those who wish to develop a reasoned and analytical understanding of human behaviour in organisations.

The following questions are illustrative of those covered on the course: How does personality affect behaviour in organisations? How do biases arise in decision making? How do individuals evaluate fairness and respond to injustice? Why do some individuals engage in revenge and others contribute ‘beyond the call of duty’? Why are some groups of employees discriminated against in organisations? Can organisations take steps to ensure that ethical decisions are made? What impact do work-life balance issues have on individuals and organisations? Why do individuals conform in group situations? Is there one best leadership style? Does cultural intelligence matter? How does organisational culture influence behaviour in organisations and organisational performance?

Apart from the final exam, assessment will be based on a 1,000 word essay and participation in class discussions, which will enable students to exercise critical judgment regarding the utility of psychological theories in understanding behaviour in organisations.
Text
J. Greenberg and R. Baron, Behaviour in Organizations (9th edition), Prentice Hall (2008).

Lectures: 36 hours Classes: 12 hours
Assessment: One written examination, plus one 1,000 word essay. There is also class participation (required but not assessed)

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Human Resources Management and Employment Relations

The course provides a panorama of the key analytical issues in HRM and Employment Relations, recent theories and controversies, and applies them to cases of current interest, such as the new HR challenges of the ‘credit crunch’. Its focus is international, drawing especially on the experience of several major OECD countries including in the European Union, the US and Japan. We shall also take account of the growing influence of China and India. We shall examine why human resource management is a key ingredient of business performance, in both the private and public sectors. We shall explore the ways management develops and motivates employees in their organisations, and looks at the role of works councils and trade unions, and the increasing importance of the European and international dimension of employment relations. Among the themes we shall cover are:

HRM strategies and performance

* Human resource management strategy: setting HRM in the wider context of management strategies and stakeholder interests
* HRM and business and organisational performance
* Organisational core competencies, skills and knowledge management
* The conduct of HRM within different ‘varieties of capitalism’

Incentives and motivation of employees

* Organisational commitment and the ‘psychological contract’
* Motivation and incentives in traditional and ‘networked’ organisations
* Modern approaches to reward systems and their effectiveness
* Managing human resources across national borders

The course will comprise lectures, work on case studies, and seminars.

Text
There is no set text for this course. Students will be given a set of photocopied materials, and will additionally be expected to make use of reading materials available electronically in the Library.

Lectures: 36 hours Classes: 12 hours

Assessment: Written work, participation and one written examination

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Bargaining and Negotiation:Interests, Information, Strategy and Power

Negotiating skills are crucial to business success. Like any other skill, one’s ability to perform in negotiation is determined by some combination of natural ability, experience/practice and formal training.

This course will give the student negotiation practice and training. To that end, we will examine basic game theoretic, decision analytic, and cognitive psychological perspectives to negotiation problems.

These approaches highlight the importance of interests, information, strategy and power in defining the structure and outcomes of inter-dependent interactions. Prescriptive as well as descriptive findings from research in negotiations will be discussed throughout the course.

Text
L. Thompson, The Mind and Heart of the Negotiator, Prentice Hall (2005).

Lectures: 36 hours Classes: 12 hours
Assessment: The assessment in this course will be divided into three elements: participation in classroom-based negotiation simulations, course exercises, and a two-hour, unseen written examination

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Marketing

Peter Drucker, the father of business consulting once famously remarked, “Because the purpose of business is to create a customer, the business enterprise has two–and only two–basic functions: marketing and innovation.” In today’s highly competitive business environment these words ring even more true: a well-designed marketing strategy can make all the difference between success and failure in the marketplace.

Marketing, ultimately, is about understanding and shaping behaviour. Accordingly, banks and other financial institutions, as well as governmental, medical, and not-for-profit organisations–from those that design and sell financial products, to those that implement public policy (e.g., those dedicated to reducing drunk driving, increasing literacy, and encouraging safe contraception), have all found that a well-thought out marketing strategy can be a critical arbiter of success even in this “ideas marketplace.”

Topics covered include:

Introduction to marketing and marketing frameworks

Consumer behaviour

Marketing research (quantitative and qualitative approaches)

Segmentation, targeting & positioning strategies

New and existing products

Distribution decisions

Pricing decisions and strategies

Promotion, advertising and communication strategies

Business and industrial marketing

International marketing

This course will combine LSE’s premier standing in the social sciences with cutting-edge management practices. By using a wide range of quantitative as well as qualitative methods, interactive lectures, videos, hands-on exercises, and case studies, you will develop an understanding of key analytical frameworks and tools that are essential to a good marketing strategy.

Course Outcomes

Understand what marketing is and how it interacts with other business functions

Learn key frameworks, concepts and theories of marketing that enable effective analysis as a basis for managerial decision making

Understand consumers and marketing from both an economic and psychological perspective

Recognise the process by which effective marketing strategies can be developed and implemented.

Apart from the final exam, assessment will be based on a coursework component that will allow students to apply theories learned in lectures to a real world organisational problem.

Professionals with at least two years of work experience may wish to consider the week-long intensive Executive Summer School course:  Marketing Strategy.

From Behaviour Insight to Strategic Decision Modelling

Decision making is a central aspect of virtually every management and business activity. Important decisions are not only made by managers and entrepreneurs, but also by the consumers of their goods and services, and by their business rivals, partners and employees. The ability to understand how decisions are made, and to predict, guide and improve those decisions will be an invaluable part of every manager’s toolbox. It is this ability that will be developed in this course.

Some decisions are impossible to make analytically, for lack of time, data, computational ability, or awareness. These are situations that could put decision makers at risk of falling into systematic biases and errors. The first part of this course will raise your awareness about these ‘traps’ with a view to becoming a better intuitive decision maker.

Other decisions are made with and require extensive thought and analysis, as the stakes are high, there are multiple conflicting objectives to balance, and many sources of uncertainty about the future. To these decisions we will devote the second half of the course. Here you will learn how to structure decision problems, identify relevant objectives and make trade-offs among them when objectives are in conflict with one another, as well as represent and analyse the main uncertainties and risks involved in a decision.

Course Outcomes

Learn how to choose in tough situations where stakes are high, and there are multiple conflicting objectives
Gain awareness of the common ‘decision traps’ we fall into
Understand why projects often take us longer and cost more than planned, and explore ways to get rid of this problem
Increase your knowledge of how we perceive risk, and how to act when there are risks and uncertainties involved in a decision
Enhance your ability to create options that are better than the ones originally available
Understand how to avoid decision traps and become a better decision maker.
In lectures you will engage with cutting-edge research in decision-making and analysis. In class, you will then investigate how it can be applied to both business and personal life.

Amongst the many topics considered will be:

Decision analysis
Decision maker and consumer behaviour
Decision making by groups and organisations
Evidence-based decision making.
You will also learn how to use sound decision-making principles and simple decision-analytic tools to make better decisions. The course requires active participation in classroom activities that bring to life the principles being discussed.

Innovation Management

While basic competitive concepts can explain why some firms are more profitable than others in the short term, the concept of innovation (and the managerial decisions behind it) is a key driver of long-term competitive advantage. In high-tech markets in particular, innovation management is the chief explanation behind the rise and fall of every enterprise, from the decline of Polaroid during the digital camera revolution to the birth and rise of Biogen as the biotechnology revolution unfolds. If taking center stage in high-tech markets was not enough, innovation management is becoming essential to understand competitive changes in traditional markets: the shift from books to easy-to-use electronic tablets as a result of the digital revolution; the shift from simple crayons to erasable, mess-free children’s markers as a result of advances in chemistry; and the shift from regular fabric to wrinkle-, stain-proof alternatives as a result of nanotechnology.  Even a broadly used service like advertising has faced dramatic revenue model changes as a result of the Internet revolution.

This course introduces fundamental concepts in innovation management, from documented patterns on how industries face waves of technological change, to the distinctive preferences of people involved in the research and development of high-tech innovation. The main objective of the course is to link these concepts to the assessment of managerial decisions (and sometimes policy implications). Emphasis will be given to the critical discussion of evidence behind the concepts covered. Illustrations of the applicability of concepts to management in non-high-tech markets will be offered whenever feasible.

The course is divided into four broad areas:

Industrial Patterns of Innovation

What are the known dynamics of technology life cycles?

What are the known steps in the process through which a market changes technologies in research and development?

How do agglomeration economies support innovation?

Innovation and its Effect on the Competitiveness of Firms

What is radical innovation? What is its effect on firm competitiveness?

How are radical and disruptive innovations different? How does that matter for competitive purposes?

How can innovation alter the set of customers targeted by a firm?

The Internal Operation of Innovative Firms

How can a firm organize to maximize both efficiency in the present and innovativeness in the future?

What steps can firms take to support the creativity of their employees?

The Unique Preferences of Scientists and Entrepreneurs

Is there anything distinctive about the preferences of high-tech scientists?

Is there anything distinctive about the preferences of entrepreneurs?

Course outcomes

At the end of the course, students should be able to:

Recognize the distinctive dynamics of high-tech markets

Evaluate the potential for added competitiveness of innovations considered by a given firm

Evaluate recommendations to improve the long-term innovative ability of firms

Examine the particular preferences of scientists and entrepreneurs in high tech settings and evaluate the managerial and policy implications of those preferences.

Social Innovation and Entrepreneurship

In October 2015, UN world leaders ratified 17 new Sustainable Development Goals for a socially and environmentally better world by 2030. This has encouraged a new generation of social entrepreneurs who contribute to this vision through innovative initiatives and by setting up new social businesses, NGOs, and social movements.

Based on recent leading-edge research, this course will give you the concepts, insights, and tools necessary to successfully start up, manage and scale-up innovative, sustainable businesses which are designed for social good.

Course Content

This course has four key areas:

A theory of social change: Identifying the relevant theory and evidence for analysing a social problem.

Social innovations and enterprises and their social impact: Key concepts, theories and evidence.

Impacting social change vs. economic goals: How to design an innovative social enterprise that can achieve both.

Design and plan a new social enterprise: Train, sharpen, and synthesize your insights in a team-based exercise by designing an actual new, innovative social enterprise with your fellow students.

While the insights from this course on social innovation and entrepreneurship are more fundamental, the focus will be on emerging economies where social and environmental problems are most extreme, including South Asia, Africa and South America. Interactive case studies form an integral part of the course; examining social innovations and their social impact in sectors such as solar energy, microfinance, gender and youth equality, mobile banking, e-education and more.

Course Outcomes

By the end of the course, you should be able to:

Demonstrate a critical understanding of the social innovation and entrepreneurship sector, in terms of whether, why, and under which conditions social enterprises create positive social impact

Analyse local social problems and develop a theory of change

Design an innovative and impactful social organisation – social enterprise, other sustainable business with a social purpose, NGO, or a social movement.

Leadership in Organisations

As our world becomes more complex, global and interconnected, the demands on you as a leader, manager and employee become increasingly challenging. So, how can you become the best possible leader? Success depends on your ability to engage and interact with others and work together toward a common goal.

This highly participatory and interactive course seeks to build knowledge and skills that can enable and inspire you to most effectively lead and participate in organizational life. In this intensive three weeks of study, we will address these goals by learning about the psychological and sociological foundations of human behavior and building effective individual and managerial skills that can develop you as a leader.

The course aims to inspire you to become a thoughtful, reflective leader and to develop an informed, systematic, and dynamic approach to leading in organizations. Through the use of case studies and class activities, you will develop your practical skills by applying learned theories to real-world organizational problems. Self-discovery exercises will be used to assist you with gaining a sense of your own leadership strengths and potential.

Topics covered include:

Leading Individuals:

Motivating People in Organizations

Personality

Ethical Decision-Making

Performance Management

 Leading Teams:

Negotiations

Teamwork

Team Decision-Making

Leading Organizations:

Leaders, Organizations, and Learning

Leadership, Culture, and Transition

Self-Managing (Leaderless?!) Organizations

Leading Yourself:

Your Power and Influence: Managing Upwards

Your Career and Your Orientation toward Work

Building and Leveraging Social Capital

Mentorship and Developmental Networks

Course Outcomes

The aim of this course is to enable you to become the best possible leader by:

Understanding and applying theories related to leadership

Expanding your skills to diagnose complex organizational problems and make decisions in the face of limited information and multiple stakeholders

Developing knowledge and skills to manage your career more effectively, and to lead yourself and others

The course is ideally suited to those who wish to develop their unique leadership abilities and better understand the leadership process of others.

Corporate and Organisational Strategy

This course is an introduction to the strategic management of modern diversified firms. It studies how the firm’s portfolio of products and its internal organisation can be designed to maximise corporate performance.

The course addresses the following questions facing modern managers:

  • What products and businesses should the firm focus on?
  • What activities should be subcontracted and which should be carried out inside the firm?
  • How should the firm be organised internally to coordinate and motivate employees, managers and other stakeholders?
  • What are the consequences of providing workers and managers with performance pay?
  • What is corporate culture, and does a strong culture affect the way that an organisation reacts to changes in the environment?
  • What are the decision-making and integration challenges arising in mergers and acquisitions?
  • What makes strategic alliances valuable and stable?

The issues will be approached by integrating conceptual, empirical and case methods. Particular emphasis will be placed on bringing these different perspectives together. The course will only require basic mathematical knowledge but will call for rigorous reasoning. In the classes, students are expected to make presentations and to participate actively in the discussions.

E-Business in the Digital Age

The organisation of contemporary economic activities and practices is profoundly affected by the increased used of e-business and related activities to support, enact and create new and better economic opportunities. The complexity of this new economic scenario has challenged academics and practitioners over the last two decades and the results of deploying these online initiatives have not always been successful. Sufficient evidence has accumulated over the years for authoritative explanations to be given concerning the e-business phenomenon and its associated challenges.

This course presents an up-to-date analysis of the management, economics, information systems and marketing aspects and theories concerning the use of e-business technology. This is a management information systems course and not a technical course and is mainly directed at undergraduate students. It focuses on the effective application of this powerful and pervasive technology in business. Internet-based systems have dramatically changed the way businesses operate and compete in the global marketplace and it is important for future executives and policy-makers to understand the implications of these changes. Students will gain a good understanding of how successful companies are taking advantage of e-business, as well as an understanding of the main challenges and risks associated with the various e-business models and strategies.

The course covers a broad spectrum of today’s management opportunities and risks in virtual markets, including:

■ The management and economics of e-business – theoretical background and emerging new business models;
■ Strategic management for e-business – competitive advantage online, management of technological legacies and organisational aspects
■ Online marketing – creating an effective Web presence, customer relationship management
■ Organisational strategy – change management, assimilating e-business into the organisation
■ New organisational forms – virtual organisations, open innovation, markets and hierarchies
■ Business-to-Business strategies – global supply chain management, electronic markets
■ Business-to-Consumer strategies – online consumer behaviour, regional and cultural differences
■ E-business environment – legal, ethical and security issues
■ Lessons from the dot.com boom and bust
■ Web 2.0 opportunities

Text
Chaffey, D., e-Business and e-Commerce Management, (Fourth Edition) Harlow, England: Prentice Hall, (2009)

The course will also make extensive use of case studies and practical exercises.

Lectures: 36 hours Classes: 12 hours
Assessment: A written examination and coursework.

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Negotiation Boot Camp: Personal Mastery in the Art of Negotiating

This is a supportive and challenging course aimed at those wishing to master the art of negotiation.

This intensive programme is largely practical, and there will be three themes which run throughout it:

Self-knowledge

A focus on understanding your own negotiating style, strengths, weaknesses, opportunities (unknown strengths), and blind-spots (unknown weaknesses) using guided self-reflection, classroom exercises, and peer feedback.

Situational agility

Focus on diagnosing different negotiation situations, social contexts, and negotiation relationships with others, as well as learning how to figure out what others’ styles and motives are. Finding out how to use one’s own style, strengths, and weaknesses in the best way possible to fit different situations.

Personal mastery

Master the use of your’ own style and strengths by engaging in negotiation exercises that increase in difficulty and intensity throughout the course. This expert-led three week programme is carefully designed to reinforce the learning so that it can be used outside the classroom setting.

Course outcomes

The course is built on students conducting actual negotiations in nearly every session, and using the negotiation experience for group discussion and individual feedback.

Upon successful completion of this course, you will be able to master the art of negotiation using the following five pedagogical elements:

Mastering evidence-based best practices through disciplined negotiation practice and challenges

Intensive, practical peer and instructor feedback

Opportunities for structured self-observation, evaluation, and crafting a personal development plan

Development of personal negotiation style that leverages your negotiating strengths and minimises liabilities of personal weaknesses

Identification of ideal negotiation settings and situations that fit your personal style, and practice in creating these situations when top performance is most likely.

Consumer Behaviour: Behavioural Fundamentals for Marketing and Management

For many companies, non-profit organisations, and political figures, success relies on understanding the “consumers.” What is it that they really want, and why? What information will they attend to, and what will they ignore? How do they make decisions, why do they sometimes make bad ones, and how can we help them make better ones? It can be tempting to answer these questions intuitively, based on your own experiences as a consumer. However, intuitions about human psychology are often wrong.

The course will provide an introduction to the basic theories for understanding consumer behaviour. Different from traditional business management courses which often skim, we dig deeper into all the fundamental psychological theories so that you have a thorough understanding of the root theories on which many consumer insights are based.

Using a variety of methods, we will cover fundamental research pertaining to all four stages of the consumer experience;

Seeking and acquiring information

Evaluating this information and using it to form attitudes and make decisions

Translating those attitudes and decisions into behaviour (or not)

Assessing past experiences and using the assessment to inform future behaviour.

We will use concrete business case studies and examples (e.g. from the NYT, WSJ, FT, BBC and other current sources) for illustration and to apply the theories under examination. Since these theories apply equally to individual and group decision making situations, the material provides a useful framework for understanding related issues like managerial decision making as well as consumer behaviour.

Course Outcomes

  • By the end of the course, students will be able to:
  • Describe the key components of the decision making process
  • Illustrate the influences on how people acquire information, form attitudes, make choices, translate those choices into behaviour, and evaluate their experiences
  • Predict what people will do in various situations, using major theories of behaviour
  • Understand the role of changing technologies (e.g. social media) in shaping how marketers respond to consumers.

This course should be especially useful to people without extensive previous study of psychology.

Strategic Management

This course is an introduction to the field of Strategic Management. It covers the key concepts and theories in the field and how they can be applied to real business situations. All topics are illustrated with case studies about real companies in various different industries. Both lectures and classes will be organized around business cases; in the classes, students are expected to make presentations and to participate actively in the discussions.

Topics include:

* Sources of competitive advantage
* Strategic positioning and competition
* Building capabilities: Incentives and coordination
* Firm scope, vertical integration, and outsourcing
* Entrepreneurial firms
* Thinking strategically: Competition, strategic investments, and real options.
* Corporate strategy
* Mergers and acquisitions

Texts
Main text: Saloner, G., Shepard, A., and Poldony, J., Strategic Management. John Wiley & Sons. (2001; revised version 2005).
Recommended but not required: Besanko, D., Dranove, D., Shanley, M, and Schaefer, S., Economics of Strategy. John Wiley & Sons; 4th Edition (2007).
A pack of business case studies will be distributed at the beginning of the course.

Lectures: 36 hours Classes: 12 hours

Assessment: One written examination and one project on strategy identification

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Marketing

Peter Drucker, the father of business consulting once famously remarked, “Because the purpose of business is to create a customer, the business enterprise has two–and only two–basic functions: marketing and innovation.” In today’s highly competitive business environment these words ring even more true: a well-designed marketing strategy can make all the difference between success and failure in the marketplace.

Marketing, ultimately, is about understanding and shaping behaviour. Accordingly, banks and other financial institutions, as well as governmental, medical, and not-for-profit organisations–from those that design and sell financial products, to those that implement public policy (e.g., those dedicated to reducing drunk driving, increasing literacy, and encouraging safe contraception), have all found that a well-thought out marketing strategy can be a critical arbiter of success even in this “ideas marketplace.”

Topics covered include:

Introduction to marketing and marketing frameworks

Consumer behaviour

Marketing research (quantitative and qualitative approaches)

Segmentation, targeting & positioning strategies

New and existing products

Distribution decisions

Pricing decisions and strategies

Promotion, advertising and communication strategies

Business and industrial marketing

International marketing

This course will combine LSE’s premier standing in the social sciences with cutting-edge management practices. By using a wide range of quantitative as well as qualitative methods, interactive lectures, videos, hands-on exercises, and case studies, you will develop an understanding of key analytical frameworks and tools that are essential to a good marketing strategy.

Course Outcomes

Understand what marketing is and how it interacts with other business functions

Learn key frameworks, concepts and theories of marketing that enable effective analysis as a basis for managerial decision making

Understand consumers and marketing from both an economic and psychological perspective

Recognise the process by which effective marketing strategies can be developed and implemented.

Apart from the final exam, assessment will be based on a coursework component that will allow students to apply theories learned in lectures to a real world organisational problem.

Professionals with at least two years of work experience may wish to consider the week-long intensive Executive Summer School course:  Marketing Strategy.

Introduction to English Law

Introduction to English Law is an intensive course which is designed to introduce students to all the main aspects of the English Legal System and English Law. The course was the first ever LSE Summer School course and over the years has attracted students from all over the world from a wide range of backgrounds and experiences. Many participants are law students or prospective law students (either undergraduates or postgraduates) but the course is not restricted to those with a background in law and is specifically designed to be of wider interest to those from fields such as finance, government, media, administration and the social sciences generally.

Topics covered will include:

■ the structure of the courts
■ the law-making process – including both statute and the operation of the common law system of judicial decisions
■ the organisation of the legal profession
■ the elements of both civil and criminal procedure
The course deals with the main branches of the law:

■ Contract
■ Tort (civil obligations)
■ Criminal Law
■ Family Law
■ Labour Law
■ Constitutional and Administrative Law
■ Property Law
■ Company Law
There are lectures on more specialised subjects, including:

■ Trusts
■ Taxation Law
■ Alternative Dispute Resolution
■ Protection of Rights
■ European Community Law
■ Policing and Law Enforcement
■ Intellectual Property
■ Environmental Law
■ Information Technology Law

Text
There is no set text for this course.

Course structure and assessment
Teaching takes place five days a week for five hours each day. In the first week of the course there will be a visit to the Law Courts and a walking tour of the Inns of Court and other legal sites in London led by a professional tour guide.

Lectures: 59 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido

Introduction to International Human Rights: Theory, Law and Practice

The course offers an overview to the law and politics of the EU, covering the institutional, constitutional and substantive aspects of European integration. It provides an outline of the structures of the European Union, its law-making processes, and the relevant case law on free movement, citizenship, and fundamental rights, while at the same time introducing political questions about the dynamics and direction of integration.

The course syllabus is likely to include:

History of European Integration and the Role of Law
Authority of EU Law
Fundamental Rights
Democracy in the EU
Institutions of the EU and the Legislative Process
The Judicial System of the EU and Enforcement of EU Law
Treaty Revision and the role of International Law
Law and Government of the Eurozone
Free Movement of Goods and Services
Union Citizenship
The Future of the European Union after the Euro-crisis
Course outcomes

The course will challenge you not only to understand, but also to critically assess the structures, methods and content of EU law. It will include discussion of the current crisis of the EU and its future trajectory, and involve practical problem-solving skills such as moot court exercises and simulation of inter-institutional dialogue.

The course is therefore aimed at those interested not only in the law of the EU, but also in understanding the functioning of the EU institutions and the current problems that Europe faces. It is not restricted to those with a background in law but will also appeal to those with an interest in European politics, history and economics and international relations.

The School of Law is one of the largest departments at the LSE, and has recently been ranked 7th in the 2014 QS World Law School Rankings. On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s law faculty. LL205 course lecturers, Dr Michael A. Wilkinson, Dr Jan Komarek and Dr Floris de Witte teach on a number of our undergraduate and graduate law modules, including European Law and Government, Jurisprudence and Policy-Making in the European Union.

Texts*

The basic reading for this course will consist of the new edition of Chalmers, Davies and Monti, ‘EU Law: Cases and Materials’ (CUP, 2014, forthcoming). Electronic materials will also be used.

*A more detailed reading list will be supplied prior to the start of the programme

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Commercial Law

The course provides an introduction to English/common law commercial law as a whole and focuses on some important aspects. It commences with the basic common law principles governing commercial contracts, including the topic of pre-contractual duties and remedies for breach of contract. The course then considers particular types of transactions in their commercial context including sales, credit and security, syndicated loans, derivatives, multi-party projects, networks, banking transactions, and franchises. Aspects of commercial litigation including arbitration will also be considered. These examples are chosen to illustrate the commercial and practical problems arising in different market sectors. A consideration of these paradigms enables an exploration of a wide range of basic principles of law involving contract law, tort law, restitution, and commercial law. The objectives of the course are that students will become familiar with these basic principles of law, so that they can apply them to a wide range of commercial transactions, in the light of the policy objectives which legal regulation pursues, and with an understanding of the context of commercial transactions in which the law operates.
Texts
Core text: H. Beale, W. Bishop, M. Furmston, Contract: Cases and Materials, 5th edition, Oxford, OUP (2007)

Reference Texts:

R. Goode, Commercial Law, 4th edition, London, Penguin (2010)

H. Collins, Law of Contract, 4th edition, London, Butterworths/Cambridge University Press (2003)

Lectures: 36 hours Classes: 12 hours
Assessment: Written work and one written examination

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

International Financial Law

This course offers a cross-sectoral analysis covering financial market transactions in commercial banking, insurance, derivatives, capital markets and asset management. It allows participants to grasp the big picture of the legal underpinnings of financial transactions and to understand how risk in the financial market is entered, managed, dispersed and shifted. The course analyses and compares the legal basis of financial transactions in both Common law and Civil law jurisdictions. The focus is mainly on broad principles and policy issues rather than a detailed examination of statute, case law and drafting in order to allow students from all jurisdictions to take home valuable knowledge directly applicable to their respective jurisdictions.

 Course structure

– Introduction

Logic and players of the financial market

Overview of types of financial transactions

Reasoning and sources of financial law

The types of risk and the role of financial law

European and global legal and regulatory architecture

– Raising capital: taking risk

The nature of banks, deposit taking, loans, syndicated loans

Issuance of debt securities, Eurobonds and equity

Investment funds

Transfer by assignment and novation

– Mitigating risk (I): personal surety and derivatives

Guarantee and insurance

Derivatives and credit default swaps

Cross-comparison and the risk of re-characterisation

– Mitigating risk (II): asset-backing

Security interests

Financial Collateral

Repurchase agreements and securities lending

– Mitigating risk (III): risk reduction

Set off

Close-out netting

Multilateral clearing

– Cross-jurisdictional analysis

Private international law analysis in financial law

Cross-border collateral

Cross-jurisdictional netting

Common patterns and difficulties

Who should sign up for this course?

This course is designed to be of both high academic and direct practical value. It appeals to students preparing for a career in financial markets as well as to practitioners wishing to broaden their horizon. It will be of particular interest for the

Private financial sector (management, compliance, legal, governmental and international affairs, etc)

Legal practice specialising in the above mentioned activities

Government and governmental agencies (policy makers from treasuries, ministries of economy/finance/justice, foreign office, etc.)

Central banks (management, legal, regulation and oversight, international affairs, etc.)

International organisation and EU organs and agencies (policy makers, strategy, legal, international affairs, etc.)

Non-governmental organisations and advocacy groups active in the field of international financial markets

Students interested in any of the above, or pursuing a masters programme related to financial markets

Learning outcome

Understand how risk is created and managed by using different types of legal arrangements.

Get to know the difficulties in making these arrangements insolvency proof and robust in times of financial crisis.

Understand the legal difficulties that flow from the international character of the financial market.

This course is a good match with LL207 International Financial Regulation, which concerns the public law side of financial markets. In combination these courses provide for the full picture of financial markets law and regulation. However, both courses are self-contained.

Advanced Negotiation and Mediation

The overall purpose of the course is to engage students with international affairs through the study of the legal frameworks which govern them, while at the same time situating that legal framework within the material and cultural conditions of international politics. The course is not restricted to those with a background in law and typically draws students with an interest in international relations, global politics and global economic relations, as well as law.

Students will be given a solid grounding in the foundations of the international legal order. But the course will be problem-based, rather than doctrinal, and will focus on controversial and challenging issues in contemporary international politics – including the recent examples of the use of force, international economic integration, international criminal law and the promotion and protection of human rights. Specifically, the course will cover a selection of contemporary issues drawn from the following issue areas:

■ the protection of the global environment;
■ possibilities and challenges of global economic integration;
■ the use of force in international politics;
■ the promotion and protection of human rights;
■ international criminal law;
■ the laws of war (international humanitarian law); and
■ the right of colonised and other subjugated or oppressed peoples to self-determination.

Text
There will be electronic resources for this course containing links to most of the essential reading.

Lectures 36 hours Classes 12 hours
Assessment: One written assessment (2000 words) and one written exam.

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

International Law: Contemporary Issues

The overall purpose of the course is to engage students with international affairs through the study of the legal frameworks which govern them, while at the same time situating that legal framework within the material and cultural conditions of international politics.

The course will cover a selection of contemporary issues drawn from the following issue areas:

  • The protection of the global environment
  • Possibilities and challenges of global economic integration
  • The use of force in international politics
  • The promotion and protection of human rights
  • International criminal law
  • The laws of war (international humanitarian law)
  • The right of colonised and other subjugated or oppressed peoples to self-determination.

The course is not restricted to those with a background in law and typically draws students with an interest in international relations, global politics and global economic relations, as well as law.

Course outcomes

Students will be given a solid grounding in the foundations of the international legal order. However, the course will be problem-based, rather than doctrinal, and will focus on controversial and challenging issues in contemporary international politics – including the recent examples of the use of force, international economic integration, international criminal law and the promotion and protection of human rights.

International Commercial Litigation and Arbitration

This course offers a concise introduction to the legal challenges relating to the international dimension of litigating commercial disputes, both before state courts and in arbitration. London is one of the most important centres for commercial litigation and arbitration in the world. The course focuses on the relevant English and European Union law, invoking experiences from other jurisdictions where useful. The course is divided in two parts.

The first part covers the issues arising in international litigation concerning:

■ the national courts’ jurisdiction over international cases,
■ the choice of the applicable law, and
■ the recognition and enforcement of foreign court decisions.
The second part treats international arbitration with a focus on:

■ the validity and effects of arbitration agreements,
■ the applicable laws and procedures,
■ the challenge, recognition and enforcement of arbitral awards.
Special attention will be given to the means of anticipating problems in contractual stipulations such as jurisdictional clauses, choice-of-law clauses and arbitration clauses.

Texts
Hartley, International Commercial Litigation (CUP 2009)

Hill & Chong, International Commercial Disputes (4th edn, Hart 2010)

Moses, The Principles and Practice of International Commercial Arbitration (CUP 2008)

Lectures: 36 hours Classes: 12 hours
Assessment: Written work and one written examination

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Cyberlaw

 

This course is designed to give students an introduction to the everyday challenges caused by the interaction between traditional laws and the digital environment constructed of computers, smartphones and other devices as connected via the Internet.

This course will take students though many of the challenges the law faces in the new digital environment and how it has dealt with them. It introduces students to digital technologies and the information society, and examines how digitisation is affecting our traditional legal settlements.

It examines issues such as copyright infringement; privacy (including Facebook privacy), surveillance and data protection; computer crime; social networking; virtual property and e‐commerce. The course is taught in an interdisciplinary and trans‐jurisdictional manner. No prior technical knowledge of computers and computerisation or of the technical standards used in the internet is required, this is a course taught from legal not technical principles.

The course is primarily based on substantive UK law, while a number of European and international legal provisions will be referred to, given the global nature of the subject. The course is divided into four modules as follows:

Introduction to Cyberlaw and Digitisation
How the information society functions and the role of law and lawyers in Cyberspace. Introducing cyber-regulation and cyber-regulatory theory.

Cyberproperty and Intellectual Property
Ownership and exploitation of digital products. Who owns computer software code, infringing software and piracy. Peer-to-Peer and copyright including the Pirate Bay, Napster and Newzbin cases. The operation of Google and copyright law.

Cyber-rights, Speech Harm, Crime and Control
Free expression as a right online. The rise of privacy injunctions and superinjunctions to protect privacy. Harmful speech including defamation, hate speech and online digital pornography. Computer misuse (hacking) and enforcing laws online.

E-Commerce
The protection of trademarks including domain name disputes and search listings. Electronic contracting, electronic payments and taxation in the information society.

Recommended Texts

Core Text
Murray: Information Technology Law: Law and Society, (1st Edition) (Oxford University Press, Oxford 2010).

Reference Texts
Lessig: Code and Other Laws of Cyberspace ver.2.0 (Basic Books, New York 2006).
Edwards & Waelde (eds): Law and the Internet (3rd Edition) (Hart, Oxford 2009).

Lectures: 36 hours Classes: 12 hours
Assessment: One two-hour examination and one essay to be completed at the end of week two.

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

European Union Law

The course offers an overview to the law and politics of the EU, covering the institutional, constitutional and substantive aspects of European integration. It provides an outline of the structures of the European Union, its law-making processes, and the relevant case law on free movement, citizenship, and fundamental rights, while at the same time introducing political questions about the dynamics and direction of integration.

The course syllabus is likely to include:

History of European Integration and the Role of Law
Authority of EU Law
Fundamental Rights
Democracy in the EU
Institutions of the EU and the Legislative Process
The Judicial System of the EU and Enforcement of EU Law
The Area of Freedom, Security and Justice
Law and Government of the Eurozone
Free Movement of Goods and Services
Union Citizenship
The Future of the European Union after the Euro-crisis
Course Outcomes

The course will challenge you not only to understand, but also to critically assess the structures, methods and content of EU law. It will include discussion of the current crisis of the EU and its future trajectory, and involve practical problem-solving skills such as moot court exercises and simulation of inter-institutional dialogue.

The course is therefore aimed at those interested not only in the law of the EU, but also in understanding the functioning of the EU institutions and the current problems that Europe faces. It is not restricted to those with a background in law but will also appeal to those with an interest in European politics, history and economics and international relations.

International Financial Regulation

This course uses the financial crisis of 2007-2010 as a starting point to explore the challenges of regulating global financial markets. The course is internationally oriented and draws on the rules set by the global regulatory committees (Financial Stability Board, Basel, etc.) and on European post-crisis regulation, with a few digressions and comparisons with the American regulatory debate, without focusing in details on any specific jurisdiction.

Essential purpose of the course is, first, to analyse some of the main techniques of financial regulation and to explore their rationales and dynamics from a number of disciplinary perspectives. Second, this course addresses seven policy areas in more detail that have all been substantially reinforced after the financial crisis and are that considered to the hottest topics in regulation.

Course Structure

General Part:

Introduction: The Anatomy of the Financial Market

(What is the financial market? Who is regulated, and why? Introduction to the Financial Crisis)

The ‘Why’: Rationales for Regulating the Financial Market

(Systemic Risk, Market Integrity, Principal/Agent Problem, Competition)

The ‘How’: Key Elements and Tools of Financial Regulation

(Risk models, Disclosure, Resilience and Behavioural Rules)

The ‘Who’: Global and EU Regulatory and Supervisory Structures

(Financial Stability Board and G20, Basel-IOSCO, EU Institutions and ECB, National Supervisors and Regulators)

Specific Policy Areas:

Banking and Financial Stability

Prudential Regulation: The Basel Bank Capital Accords

The EU Banking Union, Single Supervisory Mechanism and beyond

Pulling the Shadow Banking Sector out of the Dark

Wild West Banking vs. Utility Banking: Structural Reforms

Rating Agencies: Outlawed Gatekeepers

From OTC Derivatives to CCP Clearing

Wrap-up: The Financial Crisis, Systemic Stability and Market Pressures

Learning Outcomes

Understand the rationales and main elements of financial regulation, the ‘why’, ‘how’ and ‘who’.

Get to know the seven most important policy areas in the field of financial regulation.

Acquire the knowledge and tools to follow and shape the national and international debate on financial markets regulation.

Who should sign up for this course?

This course is designed to be of both high academic and direct practical value. It appeals to students preparing for a career in financial markets as well as to practitioners wishing to broaden their horizon. It will be of particular interest for the

Private financial sector (strategy, management, compliance, legal, governmental and international affairs, etc)

Legal practice specialising in the above mentioned activities

Government and governmental agencies (policy makers from treasuries, ministries of economy/finance/justice, foreign office, etc.)

Central banks (management, legal, regulation and oversight, international affairs, etc.)

International organisation and EU organs and agencies (policy makers, strategy, legal, international affairs, etc.)

Non-governmental organisations and advocacy groups active in the field of international financial markets

Students interested in any of the above, or pursuing a masters programme related to financial markets

The course is a good match with LL206 International Financial Law, which concerns the commercial law side of financial markets, together the courses provide for the full picture of financial markets law and regulation. However, participation in LL206 is not a formal prerequisite for taking LL207.

Comparative Human Rights

This course offers an introduction to comparative human and constitutional rights law. The first part introduces the students to the structure and basic doctrines of human rights law and to the nature and methodology of comparative law. The following parts cover a range of important and controversial issues in human rights law: abortion; euthanasia and physician-assisted suicide; “deviant” sexual practices; gay marriage; religion in the public sphere; hate speech and denial of the Holocaust; obscenity and blasphemy; socio-economic rights; terrorism and human rights. These topics are approached by studying and comparing judgments from various influential courts all over the world, including the U.S. Supreme Court, the Canadian Supreme Court, the South African Constitutional Court, the European Court of Human Rights, the U.K. Supreme Court, and the German Federal Constitutional Court. The courts’ decisions serve as a springboard for a critical discussion of the respective rights issue.

Course structure

  • Introduction
  • Introduction to Human and Constitutional Rights Law
  • Introduction to Comparative Law
  • Life and Death
  • Abortion
  • Euthanasia and Physician-Assisted Suicide
  •  Sexuality
  • “Deviant” Sexual Practices: Sodomy, Sado-Masochistic Sex and Incest
  • Gay Marriage
  •  Religion
  • Religion in the Public Sphere: Muslim Dress, Crucifixes, and the Ten Commandments
  • Freedom of Expression/Speech
  • Hate Speech and Denial of the Holocaust
  • Obscenity and Blasphemy
  •  Contemporary Challenges
  • Socio-Economic Rights
  • Terrorism and Human Rights
  •  Cross-Cutting Issues
  • The Future of Comparative Human and Constitutional Rights Law

Course outcomes

The goals of the course are, first, to introduce the students to the jurisprudence of the above-mentioned powerful and influential courts, and, second, to enable them to think about and critically analyse some of the most controversial, difficult, and important rights issues of our time from a comparative perspective.

Introduction to Corporate Law and Governance

This course provides students with an introduction to corporate law and to the legal and non-legal governance mechanisms which encourage directors to act in their company’s interests rather than their own.

The course sets corporate law and governance within its economic and business context, with particular regard to how corporate law and governance mechanisms facilitate or inhibit economic activity. The course adopts an explicitly comparative approach drawing on UK, US and continental European law.

The course will be divided into two parts, and each will include some of the topics shown below:

The Fundamentals of Corporate Law

Separate legal personality
Limited liability
The regulation of share issues and share capital.
Through the lens of corporate law the course also aims to provide students with an opportunity to explore the common law method and approaches to statutory interpretation.
Corporate Governance

Regulation of the appointment and removal of directors
Directors’ duties
The composition of the board
Enforcement of shareholders’ rights
The operation of the market for corporate control.
Course Outcomes

The question that the course will regularly pose is how do corporate law and governance mechanisms facilitate economic activity and how do they respond to the problems generated by the organizational form of the company? The course’s objective is to understand the different ways in which law can respond to these economic demands and problems.

Competition Law and Policy: Controling Private Power

This course introduces the role of competition law and policy (antitrust) in regulating markets and constraining the development and abuse of private power. The main vehicles for analysis will be the competition laws of the UK and the EC, but the antitrust regime of the United States (and other major jurisdictions where appropriate) will be used to offer comparative insights.

The course will be divided into four parts as follows:

1.The first part of the course will comprise a detailed analysis of the law relating to the three main areas of competition policy attention: anti-competitive agreements, the abuse of market dominance and mergers.
2.The second part of the course consists of a general review of the institutions and procedures by which competition laws are enforced in different jurisdictions.
3.The third part of the course focuses on the regulation of specific business practices, such as cartels, predatory pricing, and essential facilities. It describes each practice, highlights the potential competition concerns arising therefrom, reprises and develops the relevant law, and engages in critical discussion of the current application of law to each area.
4.The final part of the course will place competition law in a wider policy context. It will consider the overlap, interaction, and friction between competition policy and other policy areas such as innovation, trade and development, media plurality and financial stability.

Texts
Students are advised to acquire one or other of the following texts:

Whish (2008) Competition Law (6th ed, Oxford University Press), OR

Jones and Sufrin (2007) EC Competition Law: Text, Cases and Materials. (3rd ed, Oxford University Press), OR

Monti (2007) European Competition Law (Cambridge University Press).

For those students seeking a greater knowledge of the economic underpinnings of competition law, consider Motta (2004) Competition Policy: Theory and Practice (Cambridge University Press).

A broad range of additional readings will be set in support of lectures, and as preparatory readings for classes.

Lectures: 36 hours Classes: 12 hours
Assessment: Written work and one written examination.

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Media Law

This course examines the legal and administrative regulation of the media and the rights framework within which media practice occurs. It focuses on three areas or ‘blocks’: the regulation of published content to protect private interests; the regulation of published content in defence of public interests, and the control of pre-publication newsgathering practices. The course uses English law and regulation (as informed by European human rights law) as the default teaching vehicle, but at all stages interrogates and compares equivalent laws in North American, European, and other comparable jurisdictions.

Course overview

The course, first, introduces two underpinning themes: the media landscape and the main social, technological and regulatory influences shaping its development, and the protection of freedom of expression and freedom of the press in national and international law. It then proceeds to review potential restrictions on these values that are aimed at promoting or preserving the specific private and/or public interests. This analysis is undertaken in three blocks of study:

–         the regulation of content to protect private interests. This involves a focus on the personal interests in privacy, confidentiality and reputation, and includes consideration of the torts of defamation and misuse of private information.

–         the regulation of content in the public interest. This involves a focus on prejudice to legal proceedings through media publicity, the publishing of offensive content, publication of sensitive material affecting national security, and concerns with political impartiality. It includes consideration of the law of contempt, blasphemy and related public order offences, official secrets and terrorism legislation, and broadcasting bans on certain forms of speech.

–         the regulation of newsgathering practices. This involves consideration of the use of harassing, deceptive and surreptitious methods by journalists (for example, door-stepping, phone-hacking and undercover reporting), the protection of journalists’ sources, and access to state-held information (freedom of information and open justice).

Course outcomes

By the end of the course, students will be able to:

Critically evaluate ongoing developments in law relating to media publication and newsgathering.

Display an understanding of how these developments relate to one another.

Examine areas of doctrinal and political debate surrounding rules and theories.

Compare and contrast the development of relevant laws and regulation in the UK with equivalent rules in other major jurisdictions

Draw on the analysis and evaluation contained in primary and secondary sources.

European Company Law

The course offers an overview to the law and politics of the EU, covering the institutional, constitutional and substantive aspects of European integration. It provides an outline of the structures of the European Union, its law-making processes, and the relevant case law on free movement, citizenship, and fundamental rights, while at the same time introducing political questions about the dynamics and direction of integration.

The course syllabus is likely to include:

  •  History of European Integration and the Role of Law
  •  Authority of EU Law
  •  Fundamental Rights
  •  Democracy in the EU
  •  Institutions of the EU and the Legislative Process
  •  The Judicial System of the EU and Enforcement of EU Law
  •  The Area of Freedom, Security and Justice
  •  Law and Government of the Eurozone
  •  Free Movement of Goods and Services
  •  Union Citizenship
  •  The Future of the European Union after the Euro-crisis

Course Outcomes

The course will challenge you not only to understand, but also to critically assess the structures, methods and content of EU law. It will include discussion of the current crisis of the EU and its future trajectory, and involve practical problem-solving skills such as moot court exercises and simulation of inter-institutional dialogue.

The course is therefore aimed at those interested not only in the law of the EU, but also in understanding the functioning of the EU institutions and the current problems that Europe faces. It is not restricted to those with a background in law but will also appeal to those with an interest in European politics, history and economics and international relations.

Tax Avoidance and the Law

This course provides a comprehensive overview of the phenomenon of tax avoidance and of the attempts by states to combat it: both unilaterally and multilaterally.

Course content

Taxpayers have always sought to minimise their tax burden. However recent decades have witnessed a sharp rise in popular and governmental concern with tax shelters and other tax avoidance. Traditional strategies of tax avoidance have included postponement of taxes and tax arbitrage, in addition to attempting to exploit ‘loopholes’ through a formalist interpretation of legislation. In recent years the proliferation of complex financial instruments has increased the opportunities for such avoidance. Additionally, globalisation and the development of the digital economy have facilitated tax avoidance strategies of base erosion and profit shifting (BEPS). This rise in opportunities for tax avoidance has been accompanied by an increased public concern that individuals and companies pay their ‘fair share’ of taxation: which states have responded to both through unilateral and multilateral actions (including the OECD’s project on BEPS and the EU’s Anti Tax Avoidance Package).

The course will adopt a multi-disciplinary approach. So in addition to a legal and public policy analysis, the course will also draw on accessible social-science literature: developing students’ abilities to be sophisticated consumers of social science research. Whilst using examples predominantly from the UK and USA the issues addressed by the course are general across many jurisdictions and so will be applicable to those with interests beyond the UK and USA.

This course is designed to be of both high academic rigour: but would also be of direct practical value to those working (or aspiring to work) in public policy or the private sector. Thus addition to appealing to students with a public policy interest, it appeals to students preparing for a career in taxation (either in private practice or working for the state) as well as to practitioners wishing to broaden their horizon.

Specific topics covered will include:

defining avoidance;
strategies of tax avoidance;
statutory interpretation and judicial approaches to tax avoidance especially with reference to the UK and USA;
General Anti-Abuse and Anti-Avoidance Rules and Specific and Targeted Anti-Avoidance Rules;
reporting rules and other policies to deter avoidance;
the OECD response to BEPS;
BEPS and the EU; and
corporate social responsibility, professional ethics and public attitudes with regard tax avoidance.
Course outcomes

By the end of the course, students will be able to:

critically evaluate ongoing developments in the law relating to tax avoidance;
display an understanding of areas of doctrinal and political debate surrounding tax avoidance; and
critically evaluate empirical research relating to tax avoidance.

Culture and Globalisation

Globalisation is one of the most important dynamics of contemporary social life. The world is increasingly interconnected, and some pundits even talk of life in a ‘global village’. But what does globalisation really entail? And what are the cultural forces that shape it? This course explores these key questions, largely from the vantage point of anthropology—the social science that has done the most to help us understand culture. We begin by considering the relationship between the culture concept and globalisation, since it is so often a concern with culture that animates the debates about globalisation. Is a ‘clash of civilisations’ inevitable in our globalised world? Does the emergence of a ‘global village’ spell the end of cultural difference?

As an introductory course, students need not have a background in anthropology. After considering the basic tenets of the culture concept in relation to globalisation, the lectures move on to consider a number of related topics, including: economic development and transnational corporations; the influence of globalisation on tourism; the role of cultural knowledge in the ‘global war on terror’; human rights; cultural identity in a geo-political perspective; and global media networks. There will also be a lecture on the London 2012 Olympics and globalisation.

Readings for the course are organised around a set of important anthropological pieces, but also include perspectives from sociology, political science, media studies and journalism. The readings are complemented by interactive on-line exercises as well as the discussion and analysis of film, news clips, and other media sources. The class also takes a fieldtrip to Tower Hamlets in London, to the areas around Brick Lane, to complement readings on migration.

Texts*

There is no set text for this course. Course materials will be distributed in the first lecture.

*A more detailed reading list will be supplied prior to the start of the programme

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Athens to Al-Qaeda: Political Theory and International Politics

When is a terrorist attack an act of war? Is it the case that only states can exercise a right of war and if so why? Can you have a war on ‘terror’ or on ‘crime’? What is the fundamental difference between state violence and non-state violence? Where does state power come from and is the state system the ‘end of history’? From earliest times to the most contemporary ‘threats’ these questions have been posed and a variety of answers have been given. By examining the development of international political theory, from the Ancient Greeks to the present, this course will explore and criticise theories and arguments that have been offered to defend or challenge the power of political communities and explain the sources and varieties of conflict and cooperation that can occur within and beyond political communities. The course will examine the ideas of great political thinkers from Thucydides, Machiavelli and Hobbes to Kant, Hegel and Marx as well as the use to which these arguments have been put in the world of politics and international relations by contemporary thinkers. These thinkers and the concepts they identify and use will provide us with a window into the structures that shape much international politics such as state’s rights and international humanitarian obligations; the nature and status of international law, and the prospects for global democracy and democratisation.

The course will provide both an introduction to political theory and to key approaches to international relations.
Texts
The main course readings can be found in:
C. Brown, T. Nardin and N. Rengger eds., International Relations in Political Thought, Cambridge University Press (2002).

See also D. Boucher and P. Kelly eds., Political Thinkers: from Socrates to the Present, 2nd edition (2009).

Students should purchase both books. Additional reading and lecture notes will be available on-line on the course Moodle page.
Lectures: 36 hours Classes: 12 hours
Assessment: One essay and one written examination

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

The Middle East in Global Politics

Prerequisites: None

The course will examine the regional politics of the Middle East since 1918 and their interaction with problems of international security, global resources and great power/superpower/hyperpower policies. It will aim to give students a grounding in the development of international relations of the Middle East so as to enable them to relate the course of events to analytic issues in the study of International Relations. An additional aim of the course will be to analyse the phenomenon of political Islam by situating its emergence in the context of regional and global politics.

The principle themes to be addressed will be the following:

• The emergence of the state system in the Middle East
• US and USSR policies during the Cold War
• The Arab-Israeli Conflict
• Conflict in the Gulf
• The foreign policies of individual states: for example Turkey, Egypt
• Islamic Republic of Iran and the Nuclear Issue
• Political Islam
• The Middle East after the end of the Cold War
Each of the lectures will by followed be a discussion seminar on a topic drawn from the lecture and readings. Active student participation is encouraged.
Texts
F. Halliday, The Middle East in International Relations: Power, Politics and Ideology, Cambridge University Press (2005).
R. Hinnebusch, & A. Ehteshami,(eds), The Foreign Policies of Middle East States, Lynne Rienner (2002).

Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Power Shift: The Decline in the West, The Rise of the BRICS and World Order in a New Asian Century

At the beginning of the new century the world stood on the cusp of what most experts assumed would be a golden age of international peace and global prosperity guaranteed by American power and underwritten by an ever-expanding world market dominated by the West. But what Time magazine defined as a ‘decade from hell’ followed, leaving Europe in tatters, the United States in decline, and the balance of power rapidly shifting southwards towards the ‘rest’ and eastwards towards China. A very different kind of world now beckoned – more economically balanced and fair according to Jim O’Neill of Goldman Sachs who coined the term BRICs to characterise the emerging order; but less under the control of the West according to many analysts. Indeed, many pundits now began to talk quite openly of a new world disorder with unresolved tensions in the Middle East, domestic stress in Europe, and new conflicts in Asia, making the international system an altogether less certain place. But how has this come about? Why have the major western powers proven so incapable of dealing with some of its more significant challenges? And where is the world heading? Just over ten years later and the same experts are predicting a very different kind of future. These are at least some of the big questions we will be seeking to answer in this intensive three-week programme.

The course is designed with several different audiences in mind: undergraduate students looking for an expert guide through contemporary international issues; policy-makers at all levels seeking an in-depth survey of the main challenges facing the world today; those from any of the major social science disciplines who take the ‘global’ seriously; members of international organisations and NGOs; and anybody with a keen interest in international affairs but who wishes to deepen his or her understanding of world issues.

Instruction will comprise regular lectures and daily seminars. There will be five lectures in week one, five lectures in week two, and two lectures in week three. There will be a revision day in the third week. Guest lectures will also be given by Professor Barry Buzan and Professor Margot Light, Emeritus Professors at LSE.

Texts*
Mark Beeson and Nick Bisley, Issues in 21st Century World Politics, Palgrave (2010).

Fareed Zakaria, Rivals: The Post-American World, Penguin (2009).

Bill Emmott, Rivals: How the Power Struggle Between China, India and Japan Will Shape Our Next Decade, Penguin (2008).

Howard Davies, The Financial Crisis – Who is to blame?, Polity (2010).

*A more detailed reading list will be supplied prior to the start of the programme

Genocide

Why do men (and women) kill? Why do they kill in large numbers? How do they kill? What, if anything, is gained by destroying, in whole or in part, a real or imagined enemy? And what can be done to eradicate this ‘odious scourge’ of humankind (as genocide has been described), which has claimed more than 100 million lives in the past century? This highly policy-relevant course explores these and related questions by providing an introduction to the study and prevention of genocide and other mass atrocities. It is aimed at undergraduate students interested in international politics and international human rights policy and law. Students could also come from the policy-making and NGO communities, and from those wishing to embark on a career in the policy-making and/or NGO communities in this area.

In the first part of the course, we cover the origins and development of major killing campaigns, their impact on the maintenance of international peace and security, and their consequences for the reconstruction and development of states and the building of nations. In the second part, we assess the prospects for preventing genocide and other mass atrocities, by analysing the role that domestic and international courts and tribunals have played in the punishment of international crimes (such as genocide and crimes against humanity); the development and spread of prevention norms, such as the responsibility to protect; and the creation of preventive policies by the international community, notably the United Nations, the United States and the European Union.

Throughout the course, we will discuss many empirical cases, ranging from colonial times to the present, and including the Americas, Australia, South West Africa, the Ottoman Empire, the Soviet Union, Germany, East Pakistan, Indonesia, Nigeria, Cambodia, Guatemala, Iraq, the former Yugoslavia, Rwanda, Sudan and Syria. We also will show selections from films, such as The Act of Killing and Srebrenica: A Cry from the Grave, during the lectures to illustrate the complexity of genocide and mass atrocities.

An Urbanising World: The Future of Global Cities

Urbanisation is one of the most crucial processes of change in the world today. It is also one of the most hotly debated topics across the social sciences.

The course begins with exploring the concept of the ‘urban’ in urban studies literature by examining what urbanisation means to the governments, businesses and people whose lives are affected by changes to the built environment of cities and to the ecosystems that support them. It moves on to consider urban contestations over policy, planning and development among a wide range of stakeholders, from real estate developers to social movements to international NGOs.

This interactive  course will draw on examples of urban policy and planning practices from both the global North and the South, with emphasis on Asia, Latin America and the North Atlantic. It will also include a field visit to central London.

Indicative themes include:

  • An Urbanising World and Comparative Perspectives;
  • Planetary Urbanisation;
  • The Land Question;
  • Financial Capitalism and Urban Crises;
  • Urban Infrastructure;
  • Security and the City;
  • Urban Culture;
  • Public Space;
  • Cities of Spectacle: Mega-Projects and Mega-Events;
  • Policy Mobilities: Urbanisation and Knowledge Transfer;
  • Urban Growth Politics in the Global North and South;
  • Planetary Gentrification and the Politics of Displacement;
  • Urban Contestations and Struggles for Progressive Cities

Course outcomes

At the end of the course, students should be able to:

  • Critically understand key contemporary debates on urbanisation and urban development;
  • Display comparative knowledge of urban transformations in different parts of the world;
  • Evaluate the social implications of urbanisation processes;
  • Respond to the future challenges of an urbanising world.

International Political Economy

This course will introduce students to the contemporary study of international political economy, or how politics and economics interact at the global, regional and national levels. The course will highlight the major analytical frameworks in the field of IPE and how these can be applied to empirical questions concerning the structure of the global political economy, the sources and implications of globalisation, the nature of international economic institutions, and national economic policy choices. In the empirical topics we cover a mixture of historical and contemporary issues, including:

• European Monetary Union
• Trade policies and economic development
• Globalisation of Capital Markets
• Financial Crises
• Global economic governance
• The politics of global imbalances
Each of the twelve daily sessions for the course will consist of a lecture, followed by a seminar discussion.
Texts
Thomas Oatley, International Political Economy, Pearson/Longman, 3rd edition (2008). John Ravenhill (ed.), Global Political Economy, Oxford University Press, 2nd edition (2008).
Andrew Walter and Gautam Sen, Analyzing the Global Political Economy, Princeton University Press (2009).

Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

International Journalism and Society - The Role of the Media in the Modern World

We live in a world where information is an increasingly critical resource. The news media play a crucial role in the production and dissemination of that information and so it is vital to understand their role in the modern world. To do so, it is necessary to analyse how the news media are undergoing profound change. Participants in this course will emerge with a better understanding of the shifts taking place in the practices, forms and processes within the news media and their consequences for the role of journalism in contemporary society.
The first part of the course will introduce students to the current news media landscape and the contexts within which journalism operates. It will highlight the changes journalism is undergoing, particularly in the context of digital and online media and their implications for the concepts underpinning journalism practice. We will look at the different theories of journalism and the challenges and opportunities presented by new media – what difference does it really make for journalistic practice? The discussion will highlight the globalisation of media and the debate around the way that media connect different people across time and space. It will also look at challenges to orthodox journalism from extremist and alternative discourses.
The second part of the course will examine the role of journalism in the international context and the moral challenges it faces. The discussion will focus on the moral role and the ethical consequences of journalism in reporting on suffering. It will examine questions around the coverage of humanitarian issues from both the societal and newsroom perspectives. It will critically examine the opportunities and challenges of representing ‘distant others’ who are miles away from Western viewers, looking at the representation of humanitarian emergencies and the role of the news media in Development.
The third part of the course will examine three particular areas where journalism has direct impact on society: politics and war; community conflict and new media and politics with reference to the election campaigns in the US and UK. The question at the heart of this concluding part of the course is: How can the news media make a real difference in today’s world? The discussion will enable students to integrate what has been studied in the first two parts and apply it to a critical exploration of journalism’s role in the contemporary world.
The lectures and seminars given by LSE staff are supplemented by 12 talks by leading media practitioners from across the news media.

Texts:
C. Beckett, SuperMedia, Blackwell (2008)
R. Silverstone, Media and Morality, Polity (2006)

Other Sources:
POLIS website: www.polismedia.org|
POLIS blog: www.charliebeckett.org|
Lectures: 36 hours Classes: 12 hours
Assessment: Written essay (30%) and one written examination (70%).

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

What Kind of Europe? Crisis, Reform and the International Role of the European Union

International Organisations are central to understanding international politics. They play a key role in efforts to achieve international cooperation and global governance. Yet the power, impact, and perceived legitimacy of International Organisations differ widely – across organisations, issues, regions, and over time. A key aim of the course is to understand these differences and their implications for the solution of transnational challenges.

The course will be divided in two parts:

(1) The first part introduces central theoretical approaches that help us to understand key aspects of international organisations: their creation and design, their decision-making processes, and their impact and policy effectiveness.

(2) The second part applies this analytical toolbox to explain the role of international institutions in specific policy domains, including security, Human Rights, trade, finance, health, environment, migration and labour rights.

For each domain, the course will analyse the construction of global policy problems, the creation or selection of international organisations aimed at addressing them, the way in which policies are negotiated and decided within those institutions (with special attention to the exercise of various forms of power), the impact of the institutions on the behaviour of states and other actors, and their effect on the problems that motivated their creation.

_______________________________________________

Texts*
Ian Hurd (2010), International Organizations: Politics, Law, Practice (Cambridge University Press).

Volker Rittberger, Bernhard Zangl, and Andreas Kruck (2012) International Organization, 2nd edition (Basingstoke: Palgrave).

*A more detailed reading list will be supplied prior to the start of the programme

Capitalism, Democracy and Equality: The Political Economy of the Advanced Nations

This course introduces students to the complex and conflictual relationship between democracy and capitalism in the advanced market economies (North America, Europe, Australasia and Japan). The focus of the course is on the different ways in which democratic states have sought to promote economic growth and redistribute resources in favour of different political interests. The course presents some key concepts and theories of comparative political economy, and uses them to compare institutions, policies and outcomes across countries and over time.

The aim is to understand why some advanced countries have grown faster than others, why some are more unequal than others, why countries have addressed common international pressures in such different ways, and how they have responded to the current crisis. Key areas of enquiry include the growth of the public sector, the structure of the welfare state, the role of electoral and party politics, the politics of monetary and fiscal policy, and the consequences of the current crisis.

Texts*
Esping-Andersen, Goesta (1990). Three Worlds of Welfare Capitalism. Cambridge: Polity.
Hall, Peter and David Soskice (eds.) (2001). Varieties of Capitalism. Oxford: Oxford University Press.
Glyn, Andrew (2006). Capitalism Unleashed. Oxford: Oxford University Press.
Crouch, Colin (2011). The Strange Non-Death of Neoliberalism. Cambridge: Polity.
Blyth, Mark (2013). Austerity. The History of a Dangerous Idea. New York: Oxford University Press.

*A more detailed reading list will be supplied prior to the start of the programme

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Understanding Foreign Policy: the Diplomacy of War, Profit and Justice

This course examines the key concepts and schools of thought in the study of foreign policy. Concentrating on the process of decision making, internal and external factors which influence foreign policy and the instruments available to foreign policy decision makers, the course will provide an understanding of the role and effect that foreign policy has on international politics. Students will learn about the differing strategies that great powers and small states employ in achieving their aims; the foreign policy challenges posed by terrorism, rogue and failed states; and the significance of new foreign policy powers like China. The classes will combine a discussion of these theories with their application to selected countries in the North, and South, international organisations and transnational actors.

The principle themes to be addressed by the course are:

• How do states formulate and implement their foreign policy?
• Does leadership make a difference in successful foreign policy?
• Can national foreign policies ever be ethical?
• What can states and international organisations do to prevent common threats like terrorism, nuclear proliferation and climate change?
• Are democracies more likely to pursue aggressive foreign policies than dictatorships?
Each of the lectures will be followed be a discussion seminar on a topic drawn from the lecture and readings. Active student participation is encouraged.
Texts

C. Hill, The Changing Politics of Foreign Policy, Palgrave (2003).
S. Smith, Amelia Hadfield and Tim Dunne, eds., Foreign Policy: Theories, Actors, Cases, Oxford UP (2008).

Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Trade Development & The Environment

Some of the most complex problems in global politics exist at the nexus between international trade, development and environment. While globalisation has made countries ever more interdependent, the capacity of the international system to deal with global challenges remains limited. A wide range of global problems still await effective international solutions – from the depletion of natural resources and global climate change to the creation of an effective and fair trading system and the promotion of economic development.
This course examines the global politics of trade, development and the environment, against the background of continued economic globalisation and the emergence of new forms of global governance. Using historical reflection, conceptual discussion and in-depth case studies, the course aims to promote a better understanding of the potential for reconciling the objectives of free trade with sustainable development and poverty alleviation.
The course is divided into three parts: the first part introduces the theory and history of trade policy, economic development and environmental protection. The second part investigates the ways in which key actors in global politics – states, NGOs, global corporations and international organisations – are shaping outcomes in international policy-making. The final part examines the potential for effective global governance in selected case-studies: the global politics of climate change; the clash between intellectual property rights and access to essential medicines in the developing world; and the international trade conflict over genetically modified (GM) food.

Texts
Robert Falkner, Business Power and Conflict in International Environmental Politics, Basingstoke: Palgrave Macmillan, 2009 (paperback).
David Held & Anthony McGrew (eds.), The Global Transformations Reader, (2nd edition), Polity Press (2003).
Lectures: 36 hours Classes: 12 hours
Assessment: Written work and one written examination

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Global Communications, Citizens and Cultural Politics

How do films, television, music and new media impact on and shape the lives and politics of diverse groups of citizens and, in turn, what role do they play in urban, regional and global processes of cultural change? Is new media being used to build up or break down social and community ties? Global Communications, Citizens and Cultural Politics will explore the role of media and communications in relation to contemporary issues of identity, citizenship, culture and conflict. The course is framed within lively debates over popular culture, nationalism, imperialism, and globalisation. Examples used will encompass such phenomena as online ‘ethical’ marketing, the role of films in society, cities as brands, and as centres of media power and changes wrought in interpersonal relationships by social networking. The course is organised into two thematic units.

■ An accessible introduction to key issues and tensions among prominent strands of communication research, focusing on media institutions, texts and audiences and texts in context. As well as introducing students to interesting theoretical and research perspectives, this section of the course will encourage an examination of the intersection of the themes of media, globalisation and citizenship. For instance, we will look here at how media – such as films, advertisements, websites and television programmes – represent issues such as poverty, migration, gender and nationalism. We will also ask questions about the ways in which different audiences respond to these representations.
■ A more focused examination of the ways in which organizations, civic groups and individuals based in cities, utilise and participate in media to negotiate access to power and identity. We take cities as the point of departure here, because the contemporary city acts as a centre of transformation and communication as different people settle there in close proximity to each other. Prominent elements of urban culture, such as music and nightlife cultures, shape and mediate processes of identity formation at civic, national and transnational levels.
The course neatly illustrates critical theoretical, methodological and policy-relevant considerations which will be extremely useful to those wishing for a better understanding of the changing relationships between media, citizens and learning in a globalising world. The lectures and seminars given by LSE staff are supplemented by talks by reputed media researchers and practitioners.

Text
There is no set text for this course. Course materials will be distributed in the first lecture. If you wish to do some background reading then try: Van Zoonen, L. (2005) Entertaining the Citizen: When Politics and Popular Culture Converge. Lanham, MD: Rowman & Littlefield or Banaji, S. (ed) (2010) South Asian Media Cultures: Audiences, Representations, Contexts. New York and London: Anthem Press.
Lectures: 36 hours Classes: 12 hours
Assessment: Written work (50%) and one written examination (50%)

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

International Organisation: The Institutions of Global Governance

International organisations are created and expected to provide solutions whenever governments face transnational challenges, such as international and civil wars, humanitarian emergencies, flows of refugees, outbreaks of infectious diseases, climate change, financial market instability, sovereign debt crises, trade protectionism, and the development of poorer countries. But their role in world politics is controversial. Some perceive them as effective and legitimate alternatives to unilateral state policies. Others regard them as fig leaves for the exercise of power by dominant states. Others yet are regularly disappointed by the gap between the lofty aspirations and their actual performance in addressing global problems, and want to know the causes of that gap. While some commentators tend to lump all international organizations together, in reality the functioning, power, and effectiveness of international organisations differ widely – across organisations, issues, regions, and over time.

A key aim of the course is to understand these differences and their implications for the solution of transnational problems. The course is designed for students interested in becoming – and professionals who already are – officials in international organizations and governments, journalists, critical citizens, scholars, decision-makers in companies, NGOs and the increasing range of careers that involve frequent interaction with international organizations, and critical citizens. The aim of the course is to provide them with a comprehensive toolbox that will allow them to perform sophisticated analyses of international organizations and the opportunity to see these analytical tools applied to several of the most important international organizations operating today, such as the United Nations, the World Trade Organization, the World Bank, the World Health Organization and the International Criminal Court.

The course will start by introducing the central analytical approaches that help us to understand key aspects of international organisations: their creation and design, their decision-making processes, their impact and policy effectiveness, and their interactions with other international organisations. This analytical toolbox is then used to explain the role of the main international institutions in specific policy domains, including security, human rights, trade, finance, health, environment, migration and workers rights.

For each of those domains, the course will analyse the construction of global policy problems, the creation or selection of international organisations aimed at addressing them, the way in which policies are negotiated and decided within those institutions (with special attention to the exercise of various forms of power), the impact of the institutions on the behaviour of states and other actors, and their ability to solve the problems that motivated their creation. Students will complete the course with a deeper understanding of both similarities and differences between international organizations and of their effective contribution to the governance of global issues.

The Global Politics of Protest and Change

Protests in cities and squares around the world; #Occupy; parallel climate summits; the Fair Trade movement; Al Qaeda; Save Darfur; Davos and Porto Alegre; WikiLeaks and Twitter –  bottom-up forces are rapidly changing the face of global politics, which today involves much more than states and international institutions. But who are the actors driving global change and what are their roles in global politics? How do they come together and what is their power? What is the role of the media and new technologies in protest and change? And, crucially, what are the implications for global democracy and global justice?

This course is unique in its bottom-up approach to the study of politics and social change, emphasising the role of human agency and activism in the process of globalisation. Lectures in the course focus on specific issues ranging from political consumerism, new media and forms of protest, to the anti-capitalist movement and the ‘war on terror’.  The role of key global actors will be explored, including social movements and NGOs, nationalist and religious movements, the global media, global summits, and institutions such as the International Criminal Court and the World Bank. The course offers a unique opportunity for students to engage with some of the leading scholars in the study of globalization and with activists and practitioners driving global change.

This is an intermediate level course and requires some basic knowledge in areas of politics, development, law, or international relations. It is particularly useful for students with a first degree, advanced undergraduates or those with practical experience in NGOs, multinational corporations or international organisations.

International Politics: Building Democracies from Conflict

How can we design, build and sustain ‘democracies’ in less than ideal circumstances? Some countries are at risk of being torn apart after the breakdown of authoritarian regimes, whilst others are struggling to deal with warring ethnic and national groups. We focus on difficult transitions to democracy as well as on threats to democracy and causes of democratic breakdown, including the threat posed by violent conflict, whether within established democracies or in newly democratising states. Building stable and peaceful democracies is obviously particularly difficult when they are beset not just by ‘conflict’, but also by large-scale violence and possibly a restive military. Why have terrorism and insurgency emerged in some states, but not in others? Why have some insurgencies and terrorist campaigns been successful, but not others? Why has the military involved itself in politics in some countries, but not in others?

We begin with the deceptively simple question ‘what is democracy’? and what would a ‘good democratic outcome’ look like? We then look at threats to democracy. The first part of the course focuses on severe ethnic and national conflicts, which pose particularly dangerous threats to peace, stability and democracy. Many parts of the world have responded to these threats with negotiations among the main warring parties, and strategies of power-sharing, partition, secession, and federalism. We examine the advantages and possible problems with these ‘solutions’ before moving on to consider constitutional, parliamentary/presidential and electoral system design for divided societies. Throughout the course, we will mix conceptual and comparative discussion with special ‘case-study days’ when we look at one case in more detail.

For example: Case Study 1: Northern Ireland – examines how well established democratic systems manage violent conflict and terrorism, and evaluates the ‘solutions’ that have been tried in order to try and discover what might be successful. By contrast, Case Study 2: Iraq – examines the multiple difficulties of trying to build a new democracy following the overthrow of a brutal dictatorship by a US-led ‘invasion’ or ‘liberation’ force (take your pick). We will examine the great difficulties of designing and implementing a durable democracy, in the face of widespread violence, an ‘occupation’ force and growing tensions between Sunni’s, Shia’s and Kurds. To what extent can democracy be established by external forces via foreign intervention/occupation? Case Study 3: the Former Yugoslavia, will look at the collapse of the Yugoslav federation, the most dramatic ethnic conflict in Europe in recent times.

In the second part of the course, we will examine transitions to democracy in different parts of the world and the particular challenges that these transitions have faced. The two biggest waves of transitions to democracy in the last decades have been occurring in Latin America and Eastern Europe and we will give both continents/regions particular attention. Another part of the world which has been experiencing a recent (and rather problematic) transition to democracy has been the Middle East, and we will also give this region special attention, with a particular focus on the role of oil wealth.

Case Study 4: Venezuela and Bolivia will examine the way in which democratic institutions can come under pressure from economic decline, social polarisation and (in the case of Venezuela) a restive military. It will also consider the ways in which institutional decline led to the emergence of new and radical political leaders who are now attempting to introduce ‘twenty first century socialism’ in Venezuela and Bolivia despite the opposition of the US government.

Natural resource wealth shapes not only socio-economic modernisation, but also political development in various parts of the world. The abundance of oil, diamonds and other minerals may strengthen authoritarian leaders in some countries and foster conflict and disorder in others. Case Study 5: the Arab Middle East will assess the role oil wealth has played in the survival of authoritarianism in that region, as compared to the impact of factors such as Islam, distinct regional culture and colonialism.

How important were international influences, as opposed to domestic ones, in recent democratic revolutions in post-communist states? This question is examined in depth in the context of the dramatic ‘coloured revolutions’ in Case Study 6: Serbia, Georgia and Ukraine. Case Study 7: Eastern Europe examines the difficult challenges that the East European countries have had to confront in the course of their transition to democracy. They have had to strike a balance between the contending merits of presidential and parliamentary systems, and to transform their government institutions from primarily administrative bodies into executives capable of policy formation and authoritative decision-making. The accession of the East European countries to the European Union has meant that they have had to improve the quality of their governance, in order to be effective members of the Union.

Finally, in a round-table ‘questions and answers’ session we will attempt to sum-up and draw some general conclusions and lessons for the future.

Text
There is no set text for this course. Course materials will be distributed in the first lecture.
Lectures: 35 hours Classes: 13 hours
Assessment: One essay and one written examination

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Great Thinkers and Pivotal Leaders: Shaping the Global Order

This intensive course takes a historical approach to examining a series of pivotal transitions in the shaping of the global order across the last several centuries.  Focusing on some of the world’s most influential thinkers and leaders; from Smith to Keynes; from Napoleon to Churchill and beyond; the course explores the new ideas that ascended, the leaders that defined these orders, and the interaction between the two.

A number of important questions will be examined and addressed, including;

What role do ideas play in international relations?

To what extent can individual leaders shape the global order?

Do circumstances determine which ideas and which leaders come to the fore? Or do men and women make their own history?

What does this history reveal that might help us to shape international politics today and in the future?

This course considers international order from the standpoint of both international security and international political economy. It presumes no experience in either field or the social sciences more generally. As such, it is ideal for students who want a rigorous introduction to international politics. It will also appeal to students who want to delve deeper into the history and evolution of the international system.

The course is divided into six modules:

  1. War Economies
  • John Locke and the birth of the Fiscal-Military State
  • Adam Smith’s influence on the American Revolutionary War
  1. Revolutionaries
  • Napoleon’s ‘Armed Doctrine’
  • The Economist and the Apogee of Free Trade
  • Marx in the Russian Revolution
  1. The World at War: Reordering International Politics
  • The Interwar Collapse and the Rise of John Maynard Keynes
  • Decolonisation: Gandhi versus Churchill
  1. Cold Warriors
  • The Anglo-American Postwar System: Keynes versus White
  • George Kennan’s Cold War
  1. Competing Development Models
  • Raúl Prebisch and Import Substitution Industrialisation
  • Milton Friedman, ‘The Chicago Boys’, and Export Oriented Industrialisation
  1. Neoconservatives and the War on Terror
  • Condoleezza Rice’s National Security Strategy

While some familiarity with these figures and topics is valuable, the course assumes no prior expertise or training. Students, however, should appreciate that the course will challenge them to engage a variety of materials across a range of substantive issue areas–all of which is rich but much of which is challenging.

Course Outcomes

By the end of this course, students should have:

  • An understanding of several of the most significant shifts in international relations across the last several centuries
  • Familiarity with those intellectuals and political figures who are reputed to have shaped these shifts
  • Their own well-articulated and defensible view about the relationship between ideas and policy in international relations

Childhood across Cultures

Is ‘child labour’ always exploitative? Can modern schooling be harmful as well as helpful? Are there universals in cognitive development that override cultural traditions of childrearing?  This course examines childhood in historical and social context, exploring the implications, for human development, of radically different understandings of child-care, child competencies and education.

The aim of this multidisciplinary course is threefold. Firstly, to explore and understand the implications of seeing childhood as a cultural construct; secondly, to investigate how different notions of childhood make a difference to actual children’s development; and thirdly, to explore the modern understanding of ‘child rights’ and its influence – both positive and negative – on children’s lives.

Through a variety of social-scientific materials (anthropology, psychology, history, sociology), the course will examine alternative understandings of childhood that can be found across space and time. What difference do these different understandings make to processes of cognitive development? Are there any universals of human development or parenting that can be discerned amidst this cultural diversity? What are the political and social implications for children’s everyday lives of particular ways of seeing and treating children? In addition to the course readings, students will view and analyse films, and will visit London’s Museum of Childhood.

Topics covered include:

  • Infancy and parenting
  • Play across space and time
  • Children’s labour and economic worth
  • Education and inequality
  • Child soldiers and ‘street children’
  • Childhood in the city.

Course Outcomes

At the end of this course, students should be able to:

  • Describe and account for some of the historical and contemporary variety in ideas of childhood existing in human societies
  • Apply a variety of theoretical and comparative perspectives to material drawn from the ethnographic and historical record on children’s lives
  • Critically evaluate the notion of childhood enshrined in conventions on, and campaigns about, ‘child rights’
  • Think critically and creatively about issues related to childhood and children that they might encounter in the broader scholarly literature, in the mass media, or in their daily lives.

Development in the International Political Economy

The course is an introduction to International Development. It examines the politics and the institutional framework of social and economic development. For developing countries, the national and international contexts interact to set constraints on development and determine possible avenues of growth. Specific issues like economic growth, international debt, aid, poverty and environment are increasingly a matter of negotiation amongst domestic interest groups and interaction between government and international institutions.

The course will also look at the impact of economic globalisation, international trade, and the emerging role of civil society and international investment in development. The inter-connection between economic development and social and political issues like democratisation, governance, poverty, human rights, gender, famine, environmental issues, climate change and armed conflict is examined, as well as the role of international organisations such as the World Bank, the United Nations and the World Trade Organisation.
Text
V. Desai and R. Potter (eds), The Companion to Development Studies, (2nd edition), London: Hodder (2008).

Additional readings from more advanced journals and book chapters will be recommended as well.

Lectures: 36 hours Classes: 12 hours
Assessment: Written work and one written examination

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Islam and Politics

Since the turn of the 21st century, we have come to take for granted that Islam is a major force in world politics. But this state of affairs is of recent vintage and its origins and prospects for the future remain in question. Today there is still much more oversimplification and exaggeration than serious understanding and systematic analysis of when, where, how, and with what consequences Islam has become politicized and politics has become Islamicized across different parts of the world.

Against this backdrop, this course covers key questions, arguments, and debates concerning the intersection of Islam and politics today. Overall, the goal of the course is to help students to strengthen their knowledge and analytical tools to understand and explain the diverse ways in which Islam has operated as a force in politics in different parts of the world.

The course focuses on a number of key questions:

How can we explain the emergence of Islam as a major force in world politics in the late 20th century?
How can we explain the trajectory of Islam in world politics since the turn of the 21st century?
How can we explain the varying political strength and significance of Islam in different parts of the world?

The course begins by raising questions about the distinctiveness of Islam as a world religion in the public sphere and the political realm, and then briefly uses the Hajj as an example and source of insight for suggesting important continuities and changes within the faith in recent history. Subsequent lectures then chronicle the shifting position of Islam in world politics over key periods and developments in recent global history:

The Age of Empire and World War I
The Interwar Era and the Making of New Nation-States
The Cold War, the Rise of Islamist Movements and the Iranian Revolution

Thereafter, the course focuses on the period stretching from the end of the Cold War to the present day. A series of lectures provides a broad context and examines alternative perspectives on – and explanations for – the rise of Islam in world politics:

The Iranian Revolution, Saudi-Sponsored Salafism, and Sunni-Shi’a Conflict
The End of the Cold War, Globalization, and Democratization
The remainder of the course focuses on the diverse intersections of Islam and politics in different parts of the world:

The rise, transformation, and decline of Al Qa’ida
The rise, fall, and resurgence of the Taliban in Afghanistan
The emergence and expansion of the ‘Islamic State’
Islam and Warlordism in the Context of Failed States
Islam, Israel, and the Struggle for Palestine
Islam and Secessionist Movements for New Muslim Nation-States
Islamist Parties, Parliamentarization, and Democracy
Islam, Communal Violence, and Local Experiments with Islamic Law
Islam, Immigration, Multiculturalism, and Gender Politics in Europe
Course Outcomes

By the end of this course, students should have:

A solid and sophisticated understanding of major developments and trends in the role of Islam in world politics today
A solid and sophisticated grounding in the historical and sociological foundations of Islam as a force in politics across the world today
A close familiarity with the role and trajectory of Islam as a force in politics in a variety of different settings across the breadth of the Muslim world
A well-developed facility for critical and comparative analysis of the diverse manifestations, developments, and trends of Islam as a force in politics
Ample familiarity with key arguments, authors, and texts in the specialist scholarly literature on Islam and politics.

Revolutions and World Politics

Revolutions have played a central role in the making of the modern world. From the revolutions in France, America and Haiti in the late 18th century to those in North Africa and the Middle East in 2011, revolutions have been central to debates about war and peace, justice and order, intervention and sovereignty, and more. This course explores both the theory and practice of revolutions, teasing out their effects and examining the prospects for revolutionary change in the contemporary world.

Course overview

During the course, students will learn how to make informed judgments about how revolutions have impacted on core features of the international system. Key questions we will discuss include:

How much do revolutions change the societies in which they take place – and the wider world?
Are revolutions best understood through the perspective of participants on the ground or through the broader symbolic, economic, and political fields in which they take place?
What are the prospects for revolution in the contemporary world?
The course is divided into three parts. In part 1, we establish the main themes involved in studying revolutions, distinguishing them from other forms of social change and paying particular attention to their international components. In part 2, the course examines a series of revolutions, from those that underpinned the ‘Age of Revolutions’ in the late 18th and early 19th centuries to those that ended the Cold War in 1989. This historical survey provides the foundations for the final part of the course, which examines contemporary revolutionary movements, from ISIS to Occupy. Do these movements represent a reimagining of revolution? Or does the ‘age of revolutions’ belong to the past?

Specific topics

Part 1 Thinking about revolutions

What are revolutions?
Key themes in the study of revolutions
Revolutions and world politics

Part 2 The historical experience of revolution

The Atlantic ‘age of revolutions’: America, Haiti and France
Socialist revolutions: Russia
‘Third World’ revolutions: Cuba
The ‘last great revolution’: Iran
‘Colour’ revolutions: Czechoslovakia and Ukraine
Part 3 Revolutions today

The 2011 Arab uprisings
Revolutionary Islam: al-Qaida and ISIS
Revolution in the West: Occupy and Podemos
Rethinking revolution
Course outcomes

By the end of the course, students will be able to:

Differentiate between various types of radical change, including rebellions, revolts, coup d’états, democratic transitions, and revolutions.
Discuss and write knowledgeably about the ways in which revolutions have helped to engender core strands of modern international order.
Assess the prospects for revolutionary change in the contemporary world.

Alternative Investments

In the era of significant market turmoil, institutional as well as individual investors look beyond traditional investment vehicles such as bonds and shares. For example the price of gold has substantially increased in 2009. The purpose of this course is to explore the world of alternative investments, such as investments on hedge funds, private equity / venture capital funds, real estate, and commodities, either directly or through funds of funds. The course will combine theory with empirical exercises, allowing students to get a “hands-on” experience. We want to see what the return-risk characteristics of alternative investments are, what attributes to their appeal, how to understand related technical publications, and how to construct a portfolio using them.

Topics will include:
Overview of Alternative Assets

Hedge Funds
■ A Hedge Fund Investment Program
■ Due Diligence
■ Risk Management
■ Regulation
■ Funds of Funds

Commodities and Managed Futures
■ Investing in Commodity Futures
■ Managed Futures

Venture Capital (VC)
■ Raising Funds
■ Valuation of Investments
■ Initial Public Offerings (IPOs)

Leveraged Buyouts (LBOs)
■ Financing and Leverage
■ LBO valuation
■ Value Added
■ Exit Strategies

Real Estate
■ Real Estate and an Investment Asset
■ Valuation
■ Securitization and Mortgage Backed Securities (MBSs)
■ Real Estate Investment Trusts (REITs)
■ Demographics
As part of class work students will be encouraged to work with data (in Excel). Particular data work will include measuring the risks of investment portfolios, calculating the alphas of Hedge Fund strategies, evaluating an LBO deal, evaluating a VC deal, and pricing an MBS.

There will be guest lectures by practitioners from the Hedge Fund and Private Equity industries.
Readings
Part of the course is covered in the following textbook, additional material will be distributed, “Handbook of Alternative Assets”, by Mark J. P. Anson, John Wiley & Sons (2006).
Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Finance

This course will introduce the key theoretical and empirical problems in modern financial markets and corporate financial decisions. Throughout the course, the emphasis is both on the presentation of the theory underlying each topic and on the problems and issues that arise when applying these theories in practice. The course does not include case studies.

The topics covered will include:

• Net Present Value technique
• Introduction to portfolio theory
• The Capital Asset Pricing Model (CAPM)
• Stock market efficiency
• Forward and futures contracts, option pricing
• Investment decisions and the significance of real options
• Capital structure and dividend decisions
• Capital restructuring: Initial Public Offerings

Texts
R.A. Brealey, S.C.Myers, and F. Allen, Principles of Corporate Finance, McGraw-Hill (2007)
Johnathan Berk, Peter De Marzo, Corporate Finance, Pearson International Edition (2007)

Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Options, Futures & Other Financial Derivates

The course is an introduction to the concepts and models underlying the modern analysis and pricing of financial derivatives, from vanilla calls and puts on stocks to complex exotics in the volatility, correlation and fixed income arenas. The underlying philosophy of the course is to first provide the firm foundations for understanding derivatives in general, rather than following a cooking-book approach. The required technical tools will be explained carefully, allowing students to learn the language and to be able to converse with derivatives professionals. Once the tools are in place, those same tools can then be applied to any derivative. Special emphasis will be put on those derivatives that shape the modern world, contributing to beneficial financial engineering innovations as well as to the potential of financial crises. Daily assignments complement the lecture material.

The first half of the course will be taught by Jean-Pierre Zigrand. This part deals mainly with the review of the required tools, the setup of the pricing framework, the intuition of the methodology and the application to plain vanilla derivatives. The second half of the course, taught by Stéphane Guibaud, applies those techniques to more advanced topics: exotic derivatives, volatility modeling (including stochastic volatility, local volatility and volatility derivatives such as variance swaps) and interest-rate derivatives.

As far as mathematics go, students should feel comfortable with calculus, probability and statistics at the intermediate undergraduate level. The two main mathematical tools used repeatedly in this course are: the expectation (integration) of random variables and the second-order Taylor expansion (which underpins Ito’s Lemma). A prior review of such concepts would be fruitful. Prior knowledge of stochastic calculus is not required.

Texts
The main reading material will be the detailed handouts distributed at the beginning of the course. Optionally, the following MBA-level books are standard textbooks in the financial industry:
J.C. Hull, Options, Futures and Other Derivatives, (7th edition), Prentice Hall International Editions, (2008).
Robert McDonald, Derivatives Markets, (3rd edition), Pearson, (2009).
K. Redhead, Financial Derivatives, Prentice Hall, (1997).
Lectures: 36 Hours Classes: 12 Hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Analysis and Managment of Financial Risk

This course provides an overview of the key concepts and tools used in the analysis and management of financial risk. The objective of the course is to develop a conceptual framework for thinking about financial risk and to show how these concepts are implemented in practice in a variety of contexts. The course provides an introduction to the basic principles of diversification and hedging, optimal portfolio choice, as well as the Capital Asset Pricing Model, widely applied for the equilibrium pricing of risks. The first half of the course discusses the duration and convexity measures of interest rate risk and their applications to the immunisation of the portfolios of fixed income securities. The students will learn about the value at risk (VaR) and its applications to risk management practices. Furthermore, the course introduces the concept of endogenous risks and demonstrates how financial risks originate within the financial system. The course also highlights some important limitations of current risk management practices.

The course will cover a selection of the following topics:

■ Basic principles of diversification and hedging
■ Risk sharing and aggregate risk
■ Portfolio choice and the pricing of risk in equilibrium
■ Duration and convexity measures of interest rate risk and risk management of bonds and other fixed income securities, portfolio immunisation
■ Value at Risk
■ Options: introduction, option price sensitivities, dynamic replication and hedging
■ Endogenous risk
■ Some ideas from behavioural finance: noise trader risk, limits to arbitrage, bubbles
■ Credit risk: overview of ratings-based, structural, and reduced form models
■ Credit derivatives

Main textbook
J. Hull, Risk Management and Financial Institutions, 2nd Edition, Prentice Hall (2009).

Additional textbook
Z. Bodie, A. Kane and A. Marcus, Investments, 8th Edition, McGraw-Hill (2009).

Lectures: 36 Hours Classes: 12 Hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Fixed Income Securities, Debt Markets and the Macro Economy

This course helps to develop the relevant knowledge and understanding of fixed income instruments and interest rate models for students aiming for a career in the fixed income field. The course will provide an overview of the major institutions, organisations and investors, and the recent developments in fixed income, covering both theoretical background and practical implementation.

Topics will include:

  • An overview of debt markets with a focus on the US and the UK: players, institutions and various instruments.
  • Organisation and structure of debt markets. Terminology and market conventions. Specific markets: US Treasuries, corporate bonds, agency securities, repos, MBS, etc.
  • Basics of fixed income securities: interest rates and discount factors, the yield curve, coupon and zero coupon bonds.
  • Basics of interest rate risk management: variation in interest rates, duration, convexity, risk measurement and management. Interest rate risk, liquidity risk, inflation risk, credit risk.
  • Term structure models: binomial trees, risk neutral pricing, no-arbitrage and pricing of interest rate securities.
  • Monetary policy and the role of the central bank in setting interest rates. Interest rates and inflation. Relationship between interest rates and future economic activity.
  • Fixed-income derivatives: Treasury futures, Eurodollar futures, options, swaps, mortgage backed securities.
  • Credit derivatives.
  • The 2007-2009 credit crisis.

In this course we will discuss traditional debt instruments (namely government and corporate bonds) and fixed income derivatives (including mortgage-backed securities), develop the theory for valuing them and study the determinants of risk and return of fixed-income securities. We will also cover the most important state-of-the-art interest rate models, develop their theoretical underpinnings and provide examples for practical implementation.  We will also discuss the role of fixed-income securities in risk management and introduce the concepts of duration and convexity.

The course will closely look at the interdependencies and the roles of the different players in the debt markets. In particular, we will examine the role of, and the instruments available to the central bank in setting interest rates. The major focus of the course will be on economic intuition and on understanding the products and interrelationships in the fixed income markets. Students will have the opportunity to directly implement the concepts as eight out of twelve classes will be held in the computer lab. Finally, we will relate the course topics to the credit crisis of 2007-2009 and discuss implications for the future of debt markets.

Alternative Investments

In the era of significant market turmoil, institutional as well as individual investors look beyond traditional investment vehicles such as bonds and shares. For example the price of gold has substantially increased in 2009. The purpose of this course is to explore the world of alternative investments, such as investments on hedge funds, private equity / venture capital funds, real estate, and commodities, either directly or through funds of funds. The course will combine theory with empirical exercises, allowing students to get a “hands-on” experience. We want to see what the return-risk characteristics of alternative investments are, what attributes to their appeal, how to understand related technical publications, and how to construct a portfolio using them.

Topics will include:
Overview of Alternative Assets

Hedge Funds
■ A Hedge Fund Investment Program
■ Due Diligence
■ Risk Management
■ Regulation
■ Funds of Funds

Commodities and Managed Futures
■ Investing in Commodity Futures
■ Managed Futures

Venture Capital (VC)
■ Raising Funds
■ Valuation of Investments
■ Initial Public Offerings (IPOs)

Leveraged Buyouts (LBOs)
■ Financing and Leverage
■ LBO valuation
■ Value Added
■ Exit Strategies

Real Estate
■ Real Estate and an Investment Asset
■ Valuation
■ Securitization and Mortgage Backed Securities (MBSs)
■ Real Estate Investment Trusts (REITs)
■ Demographics
As part of class work students will be encouraged to work with data (in Excel). Particular data work will include measuring the risks of investment portfolios, calculating the alphas of Hedge Fund strategies, evaluating an LBO deal, evaluating a VC deal, and pricing an MBS.

There will be guest lectures by practitioners from the Hedge Fund and Private Equity industries.
Readings
Part of the course is covered in the following textbook, additional material will be distributed, “Handbook of Alternative Assets”, by Mark J. P. Anson, John Wiley & Sons (2006).
Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Finance

This course will introduce the key theoretical and empirical problems in modern financial markets and corporate financial decisions. Throughout the course, the emphasis is both on the presentation of the theory underlying each topic and on the problems and issues that arise when applying these theories in practice. The course does not include case studies.

The topics covered will include:

• Net Present Value technique
• Introduction to portfolio theory
• The Capital Asset Pricing Model (CAPM)
• Stock market efficiency
• Forward and futures contracts, option pricing
• Investment decisions and the significance of real options
• Capital structure and dividend decisions
• Capital restructuring: Initial Public Offerings

Texts
R.A. Brealey, S.C.Myers, and F. Allen, Principles of Corporate Finance, McGraw-Hill (2007)
Johnathan Berk, Peter De Marzo, Corporate Finance, Pearson International Edition (2007)

Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Financial Markets

This course is an investment course with a strong focus on asset pricing, the predictability of returns through fundamental and technical analysis, and behavioural finance. Its aim is to provide a thorough understanding of both market finance and operations of financial markets, focusing on equity and bond markets. It involves a comprehensive online trading simulation using Stock-Trak and a “best portfolio manager tournament”.

The topics covered in this course include:
■ Organisation of financial markets and exchanges
■ Determinants of bid-ask spreads
■ Optimal portfolio selection (asset allocation and security selection)
■ Review of asset pricing models
■ Equity premium puzzle
■ Optimal investment strategy when privately informed
■ Active portfolio management, insurance, and immunization
■ Risk and portfolio performance evaluation
■ Determinants of price multiples in efficient markets
■ Returns to fundamental analysis
■ Returns to technical analysis
■ Behavioural finance
■ Bond portfolio management and immunization.

Text
Investments (8th edition) by Z. Bodie, A. Kane, and A. J. Marcus, McGraw-Hill International Edition (2009).
This textbook is supplemented by selected chapters from finance and investments textbooks and relevant articles published in the behavioral finance literature.
Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Advbanced Corporate Finance

This course will focus on theoretical issues which arise in modern corporate finance. The major theme of the course will be the firm’s capital structure and payout decision. We will see that under certain assumptions, this decision is irrelevant, this is the Modigliani and Miller Theorem. We will then loosen these assumptions to see when it may be better for firms to issue debt versus equity, or to repurchase shares rather than pay out dividends. In the last part of the course we will learn about real options and apply this to study the optimal policy of a firm raising capital to finance risky investment.
The topic of capital structure is covered in AF250 Finance. That course however provides only a brief overview. Advanced Corporate Finance will build on that by taking the decisions of the firm as the main topic. We will spend significant amounts of time on topics beyond the scope of AF250, such as taxes, bankruptcy, private information, signaling, and real options.
Topics covered will include:
• A review of valuations
• Modigliani and Miller
• Taxes
• Recapitalization
• Bankruptcy and distress
• Private Information
• Dividend policy
• Optimal capital structure
• Investment under constraints
• Real options

Text: M. Grinblatt and S.Titman, Financial Markets and Corporate Strategy, McGraw-Hill (2001).
Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Principles of Accounting

Accounting has been defined as ‘the language of business’. A knowledge of the underlying concepts of accounting, in addition to its procedures, is an essential element in the education of future managers and other professionals. The course provides an introduction to the basic concepts, methods and practices of accounting.

Topics covered will include:
■ The uses of accounting information
■ The nature and function of accounting conventions
■ The preparation of the financial statements of business entities
■The accounting treatment of assets and liabilities
■ The regulation of accounting
■ Cash flow statements
■ Financial statement analysis
■ Consideration of the problems of accounting for business groups
■ An outline of international accounting differences

Text
P. Atrill & E. McLaney, Financial Accounting for Decision Makers, (5th Edition), Pearson (2008).

Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations)

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Quantamentals

This quantitative equity research course focusses on understanding the main fundamental drivers of equity prices, the role of accounting information in capturing those fundamentals and the extent to which the equity market impounds this accounting information fully into stock prices.

We will adopt a rigorous, research-based, approach towards understanding the existing sources of predictability in equity markets, and use the same approach to refine existing and develop new fundamental-based trading strategies.

The course is highly applied and students will be using real data, from financial statements and stock prices, to back-test and asses the performance of trading strategies. We will cover all aspects from trading strategy design, data collection, trading strategy back-testing and implementation, using computers and state-of-the-art programming languages.

This course will be of particular interest to those students thinking of developing their careers in quantitative equity research teams in sell-side investment banks or buy-side quantitative asset management firms. The course will also be useful for those students thinking of conducting academic research on fundamental analysis and stock return predictability.

Topics covered include:

Financial Statements Analysis and Valuation
Econometrics for Testing Rational Expectations
Trading Strategies such as Earnings Momentum, Quality, Value, etc.
Introduction to Programming
Data Collection and Analysis

Business analysis and valuation

Dr Pascal Frantz
Professor Joanne Horton
This course introduces the valuation techniques used by analysts – in corporate finance, equity research, fund management, and strategy consulting – in order to value stocks and firms. It shows how to use financial statements, and more generally business analysis, in order to generate expectations of future performance. It furthermore shows how the value of a stock or a firm in an efficient market reflects expectations of future performance.

More specifically, this course introduces a framework for business analysis and valuation using publicly available information, such as the information contained in financial statements, in order to develop an in-depth analysis of a firm and extract its fundamental value. Much of the course’s emphasis is on case-studies.

The framework covers key analysis components such as:

■ business strategy analysis;
■ accounting analysis;
■ financial analysis;
■ prospective analysis.

The framework is then applied to a variety of contexts including:
■ valuation;
■ evaluation of mergers and acquisitions.
Each of the topics introduced in this course covers both institutional details and results of relevant academic research. It is furthermore supported by a case study.

This course should hence appeal to students interested in corporate finance, equity research, fund management, and strategy consulting.

Text
K. Palepu, P. Healy, V. Bernard and E. Peek, Business Analysis and Valuation: IFRS Edition Text and Cases, Thomson (2007).
Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Managerial Accounting and Financial Control

Enterprises must today tackle markets that are affected by the “flattening” effects of globalization and the extensive advances in internet-based technologies. They must seek success in the face of intense competition including the ever more sophisticated corporate strategies of their competitors. At the same time, the interface between business administration and financial management is regarded as becoming more complex and a more significant determinant of high corporate performance. This course analyses perspectives and techniques in accounting and financial control and explores how they are used by modern enterprises to effectively manage in complex business environments. Its focus is on managerial decision making and the use of accounting and financial management techniques under varying competitive, strategic and market situations.
The course uses both conceptual and applied learning material. It makes extensive use of cases to understand practical tools deployed by enterprises in strategic and operational management. The course covers material on established managerial accounting and financial control strategies, as well as more cutting edge operational, marketing and competitive decision making practices.
Some specific topics covered include incremental costing, break-even analysis, activity based management, balanced scorecards, target cost management, quality costing and e-business costing concerns. The course considers international financial management issues and comparative cross-country differences in managerial control systems. It also addresses a variety of other performance-based strategic management and accounting issues.

Text
A. Bhimani, Strategic Finance, Strategy Press (2008).
Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Applied Valuation and Securities Analysis

Students will be invited to work in small groups and value stocks using valuation software. The course includes a valuation-based M&A game in which students are competing to take over a target firm. Students also get the opportunity to enter a “stock picking” tournament.

Topics covered include:

Introduction to Applied Valuation

Valuation Simulation in an M&A Setting

Accounting and Financial Analysis

Valuation

Prospective Analysis and Valuation

Prospective Analysis and Valuation Implementation

Valuations in IPOs and M&As

Implications of Strategic Taxonomy for Price-to-Book and Price-to-Earnings Ratios in Efficient Markets

Measuring Equity Portfolio Performance

Returns to Fundamental Analysis

This course should appeal to students interested in equity research, asset management, corporate finance and strategy consulting. It would also complement course AC215: Business Analysis and Valuation, though this is not a prerequisite.

Course Outcomes

Students will gain an understanding in valuation techniques through a case study approach.

The LSE’s Department of Accounting has a leading international reputation for teaching and research. On this three week intensive programme, you will engage with and learn from full-time lecturers from the LSE’s accounting faculty. AC315 course lecturers, Dr Vasiliki Athanasakou and Dr Pascal Frantz teach on a number of our undergraduate and graduate Accounting modules, including Valuation and Security Analysis and Quantitative Methods in Accounting and Finance and Financial Accounting, Analysis and Valuation and Financial Reporting in Capital Markets.

Texts*

Valuation and Security Analysis, by Beccalli and Frantz, Palgrave Macmillan (forthcoming, 2014).

*A more detailed reading list will be supplied prior to the start of the programme

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Principles of Accounting

Accounting has been defined as ‘the language of business’. A knowledge of the underlying concepts of accounting, in addition to its procedures, is an essential element in the education of future managers and other professionals. The course provides an introduction to the basic concepts, methods and practices of accounting.

Topics covered will include:
■ The uses of accounting information
■ The nature and function of accounting conventions
■ The preparation of the financial statements of business entities
■The accounting treatment of assets and liabilities
■ The regulation of accounting
■ Cash flow statements
■ Financial statement analysis
■ Consideration of the problems of accounting for business groups
■ An outline of international accounting differences

Text
P. Atrill & E. McLaney, Financial Accounting for Decision Makers, (5th Edition), Pearson (2008).

Lectures: 36 hours Classes: 12 hours
Assessment: Two written examinations)

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Culture and Globalisation

Globalisation is one of the most important dynamics of contemporary social life. The world is increasingly interconnected, and some pundits even talk of life in a ‘global village’. But what does globalisation really entail? And what are the cultural forces that shape it? This course explores these key questions, largely from the vantage point of anthropology—the social science that has done the most to help us understand culture. We begin by considering the relationship between the culture concept and globalisation, since it is so often a concern with culture that animates the debates about globalisation. Is a ‘clash of civilisations’ inevitable in our globalised world? Does the emergence of a ‘global village’ spell the end of cultural difference?

As an introductory course, students need not have a background in anthropology. After considering the basic tenets of the culture concept in relation to globalisation, the lectures move on to consider a number of related topics, including: economic development and transnational corporations; the influence of globalisation on tourism; the role of cultural knowledge in the ‘global war on terror’; human rights; cultural identity in a geo-political perspective; and global media networks. There will also be a lecture on the London 2012 Olympics and globalisation.

Readings for the course are organised around a set of important anthropological pieces, but also include perspectives from sociology, political science, media studies and journalism. The readings are complemented by interactive on-line exercises as well as the discussion and analysis of film, news clips, and other media sources. The class also takes a fieldtrip to Tower Hamlets in London, to the areas around Brick Lane, to complement readings on migration.

An Urbanising World: The Future of Global Cities

Urbanisation is one of the most crucial processes of change in the world today. It is also one of the most hotly debated topics across the social sciences.

The course begins with exploring the concept of the ‘urban’ in urban studies literature by examining what urbanisation means to the governments, businesses and people whose lives are affected by changes to the built environment of cities and to the ecosystems that support them. It moves on to consider urban contestations over policy, planning and development among a wide range of stakeholders, from real estate developers to social movements to international NGOs.

This interactive  course will draw on examples of urban policy and planning practices from both the global North and the South, with emphasis on Asia, Latin America and the North Atlantic. It will also include a field visit to central London.

Indicative themes include:

  • An Urbanising World and Comparative Perspectives;
  • Planetary Urbanisation;
  • The Land Question;
  • Financial Capitalism and Urban Crises;
  • Urban Infrastructure;
  • Security and the City;
  • Urban Culture;
  • Public Space;
  • Cities of Spectacle: Mega-Projects and Mega-Events;
  • Policy Mobilities: Urbanisation and Knowledge Transfer;
  • Urban Growth Politics in the Global North and South;
  • Planetary Gentrification and the Politics of Displacement;
  • Urban Contestations and Struggles for Progressive Cities

Course outcomes

At the end of the course, students should be able to:

  • Critically understand key contemporary debates on urbanisation and urban development;
  • Display comparative knowledge of urban transformations in different parts of the world;
  • Evaluate the social implications of urbanisation processes;
  • Respond to the future challenges of an urbanising world.

International Journalism and Society - The Role of the Media in the Modern World

We live in a world where information is an increasingly critical resource. The news media play a crucial role in the production and dissemination of that information and so it is vital to understand their role in the modern world. To do so, it is necessary to analyse how the news media are undergoing profound change. Participants in this course will emerge with a better understanding of the shifts taking place in the practices, forms and processes within the news media and their consequences for the role of journalism in contemporary society.
The first part of the course will introduce students to the current news media landscape and the contexts within which journalism operates. It will highlight the changes journalism is undergoing, particularly in the context of digital and online media and their implications for the concepts underpinning journalism practice. We will look at the different theories of journalism and the challenges and opportunities presented by new media – what difference does it really make for journalistic practice? The discussion will highlight the globalisation of media and the debate around the way that media connect different people across time and space. It will also look at challenges to orthodox journalism from extremist and alternative discourses.
The second part of the course will examine the role of journalism in the international context and the moral challenges it faces. The discussion will focus on the moral role and the ethical consequences of journalism in reporting on suffering. It will examine questions around the coverage of humanitarian issues from both the societal and newsroom perspectives. It will critically examine the opportunities and challenges of representing ‘distant others’ who are miles away from Western viewers, looking at the representation of humanitarian emergencies and the role of the news media in Development.
The third part of the course will examine three particular areas where journalism has direct impact on society: politics and war; community conflict and new media and politics with reference to the election campaigns in the US and UK. The question at the heart of this concluding part of the course is: How can the news media make a real difference in today’s world? The discussion will enable students to integrate what has been studied in the first two parts and apply it to a critical exploration of journalism’s role in the contemporary world.
The lectures and seminars given by LSE staff are supplemented by 12 talks by leading media practitioners from across the news media.

Texts:
C. Beckett, SuperMedia, Blackwell (2008)
R. Silverstone, Media and Morality, Polity (2006)

Other Sources:
POLIS website: www.polismedia.org|
POLIS blog: www.charliebeckett.org|
Lectures: 36 hours Classes: 12 hours
Assessment: Written essay (30%) and one written examination (70%).

Contenido del curso: 12 horas de clase semanales por las mañanas y conferencias y seminarios por las tardes en función del curso elegido.

Environmental Economics & Sustainable Development

Environmental economics is a comparatively young, but by now well-established, branch of economic study. In successfully applying standard microeconomic analysis to the field of the natural environment and sustainable development, economists have challenged many erroneous, but strongly held preconceptions of policy makers and environmentalists alike. For example, the course will show that the efficient level of environmental pollution is, in general, not zero and that there is no risk of running out of fossil fuel non-renewable resources any time soon.

Conversely, however, policy makers fail to understand the fundamental drivers behind renewable resource extinction (particularly species loss), are over-optimistic when it comes to the environmental consequences of economic growth and insufficiently grasp the obstacles toward achieving strong multilateral agreements for solving international and global environmental problems.

The topics covered will include:

  • Environmental externalities and the theory of market failure
  • Economics of pollution control (the efficient level of environmental pollution, taxes, tradeable permits, command-and-control)
  • Economics of natural resource use (non-renewable resources such as oil, gas and metals as well as renewable resources such as fish and forests)
  • Economics of sustainable development (including the measurement of sustainable development and the effect of economic growth on the environment)
  • Valuation of environmental resources (including cost-benefit analysis)
  • Economics of international environmental problems (including the impact of trade and investment liberalization on the environment)
  • Economics of climate change (including the analytical controversy among environmental economists and a focus on the Kyoto Protocol as the only global agreement on reducing greenhouse gas emissions).

Course Outcomes

This course aims to provide students with a sound knowledge and understanding of the major results of environmental economics. Its intention is to deliver the fundamentals of rigorous economic analysis for continued undergraduate studies at a higher level, or graduate studies of environmental economics.

Trade, Development and the Environment

Some of the most complex problems in global politics exist at the nexus between international trade, development and environment. While globalisation has made countries ever more interdependent, the capacity of the international system to deal with global challenges remains limited. A wide range of global problems still awaits effective international solutions – from the depletion of natural resources and global climate change to the creation of an effective and fair trading system and the promotion of economic development.

This course examines the global politics of trade, development and the environment, against the background of continued economic globalisation and the emergence of new forms of global governance. Using historical reflection, conceptual discussion and in-depth case studies, the course aims to promote a better understanding of how we can reconcile the competing objectives of free trade, environmental sustainability and poverty alleviation.

The course is divided into three parts: the first part introduces the theory and history of trade policy, economic development and environmental protection. The second part investigates the ways in which key actors in global politics – states, NGOs, global corporations and international organisations – are shaping outcomes in international policy-making. The final part examines the potential for effective global governance in selected case-studies: the global politics of climate change; the clash between intellectual property rights and access to essential medicines in the developing world; and the international trade conflict over genetically modified (GM) food.

Global Communications, Citizens and Cultural Politics

How do films, television, music and new media impact on and shape the lives and politics of diverse groups of citizens and, in turn, what role do they play in urban, regional and global processes of cultural change? Is new media being used to build up or break down social and community ties? Global Communications, Citizens and Cultural Politics explores the role of media and communications in relation to identity, citizenship, culture and conflict. The course is framed within lively debates over popular culture, nationalism, imperialism, and globalisation. Examples used encompass the role of films in society, celebrity politicians, cities as technology hubs, and changes in interpersonal and political relationships through social networking. The course is organised into two thematic units.

(i) An accessible introduction to key issues and tensions among prominent strands of communication research, focusing on media institutions, texts and audiences and texts in context. As well as introducing students to interesting theoretical and research perspectives, this section of the course will encourage an examination of the intersection of the themes of media, globalisation and citizenship. For instance, we will look at how media – such as films, advertisements and websites – represent issues such as poverty, migration, gender and nationalism. We will also ask questions about the ways in which different audiences respond to these representations.

(ii) A more focused examination of the ways in which organisations, civic groups, politicians and individuals based in cities or ‘imagined communities’ across the globe, utilise and participate in media to negotiate access to power and identity. We examine prominent elements of urban culture, such as technological, music and game cultures, which shape and mediate processes of identity formation at urban, national and transnational levels, while at the same time examining the use of old and new media in political campaigns.

The course neatly illustrates critical theoretical, methodological and policy-relevant considerations which will be extremely useful to those wishing for a better understanding of the changing relationships between media, citizens and learning in a globalising world. Lectures and seminars by LSE staff are supplemented with talks by reputed media researchers and practitioners.

English for Business

The language level is intermediate to upper intermediate. This course may not be suitable for advanced speakers, or students who have already studied in a native English speaking environment.

Course Content

English is the major language of international business. The pressure is on for the ambitious individual to not only maintain a good standard of English, but to increase fluency and overall competence.

This three week-programme is designed to improve your confidence in speaking, reading, writing and listening in a business context. The focus will be on the language you need for business activities, and will provide a British perspective for creative discussion.

There is also a topic and theme-based syllabus delivered by LSE academic staff and external business practitioners.

The timetable’s emphasis on collaborative projects and tasks will enable an improvement of key integrated language skills. Regular practice in class will further extend your capabilities in the way you actually use and manipulate business English.

Course Outcomes

To raise awareness across a range of business subjects, and to practice language as used in the business environment. This will include:

  • Input and use of key business vocabulary
  • Business correspondence
  • Oral presentation skills (e.g. pitching a business idea)
  • Lectures on business topics
  • Discussion and role-play
  • Focused grammar work
  • The language of statistics and trends
  • Business report writing
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