Associate Professor of Finance, Kellogg School of Management, Northwestern University
Faculty Research Fellow, National Bureau of Economic Research (NBER)
Associate Editor, Journal of International Economics
My primary field of research is international finance and macroeconomics. I study exchange rates, capital flows, and the special status of the U.S. and the dollar in the international monetary system. I received my doctor of philosophy in finance from Stanford Graduate School of Business, and a bachelor degree in math and business economics from California Institute of Technology.
Finance 1 answers managers' and investors' most fundamental finance question: how should a project or an asset be valued? Managers must determine the value of building a factory, entering a new market, or purchasing an entire firm when deciding in which projects to invest. Similarly, individuals must assess the value of financial securities to decide how to invest their wealth. Using a combination of lectures and business cases, Finance 1 teaches the discounted cash flow and multiples methods to value projects or assets. These valuation tools lay the foundation for all work in capital markets and corporate finance.
Prerequisite: Business Analytics I (DECS-430-5)
Corequisite/Prerequisite: Accounting for Decision Making (ACCT-430) and Business Analytics II (DECS 431-0)