Le Grand Syllabus 2017/2018
Pedagogical Method : We will discuss about each topic and engage with the class on some complex issues. For some courses, we will provide case studies to be prepared in advance by the students. Experts from the international community sectors (UNDP, World Bank Group, AFD, AIIB) will be invited to join the discussion. Course Description : The course focuses on the institutions, tools and policies designed to mobilize resources for development. Topics include the new sustainable development goals, the means of development, the development ﬁnance architecture with the emergence of new actors, the aid modalities, conditionality in development policy lending, the social and environmental sustainability of development projects, climate change, the role of good governance, ﬁnancing of post-conﬂict countries, innovative ﬁnancing mechanisms for health, PPPs, ﬁnancing for the refugees crisis, and challenges and opportunities in Asia and Paciﬁc. During the course, we hope to bring new ideas and will examine issues at the intersection of business, law, ﬁnance and development. Required reading : A complete bibliography will be provided to the students before the ﬁrst course.
Pedagogical Method : The course is based on case studies prepared by the students in the form of oral and power point presentations lasting 15/20 minutes. Reading material is provided for each case study and, in addition, students are encouraged to conduct their own research. Each case study will cover a speciﬁc challenge faced by SME's. Students are expected to explain the problem, present the policy tools and debate the pros and cons of the policy. Cases will cover the European Union and the US. Emphasis is on the student's ability to be analytical and concise. The professor, will load in the cloud a presentation presenting his view of the issues after each session. Course Description : The course will survey SME's impact on growth, innovation and jobs to understand why helping SME's to obtain ﬁnancing and promoting a growth friendly environment has gained such wide acceptance in the US and the EU. It will focus on the speciﬁc challenges faced by SME's to obtain ﬁnancing and how public policies can help to overcome them. We will look at all the various sources of ﬁnance for SME's : bank loans, securitization, venture capital, growth capital, buy-outs and the stock market. We will discuss their importance for SME's and the policies that encourage their development. One session will also deal with the business environment for startups, entrepreneurship and innovation. For each policy tool we will discuss the challenges faced in terms of efﬁciency, minimizing market distortions and avoiding cronyism. The course is at the crossroads of applied ﬁnance and public policies. Required reading : Annual reports of the EIB, EIF, french BPI ; Restoring Financing and growth to Europe's SMEs. International Institute of Finance and Bain 2013 ; Small Business Act for Europe. European Comission ; Website of the Banque Publique d'investissement ; Action plan on building a capital market union. European Commission.
FINANCING SME'S AND HELPING THEM GROW
Semester : Autumn Number of hours : 12 Language of tuition : English
Opened to the exchange program
Teachers : Marc AUBERGER (Managing partner of a private equity fund, CDC International Capital). Prerequisite : None. Pedagogical Format : Elective Course validation : The case study will represent 50% of the grade, a short test during the last session 40% and participation during class the remaining 10%. The test will be based on the presentations loaded in the cloud by the students and the professor. The test is one hour with ten questions requiring short and concise answers. Workload : 6 seminars of two hours each (12h). Credits : 2. 1334
FINANCING THE EUROPEAN UNION (BUDGET PROCEDURE SIMULATION AND BUDGET DISCHARGE EXERCISE)
Semester : Autumn Number of hours : 24 Language of tuition : English ; French