5000
Economic development and economic growth. Notion about the main economic growth models. The contribution of human capital to development. Institutional development and economic growth. The impact of international factors on the development of developing economies.
Credits
2
Instructor
Sanudo Guillermo
Offer and Demand: Determining factors, market balance, elasticity. Perfect Competition. Imperfections of the market, notions in economic regulations and industrial organization. Fundamentals of International Trade. Introduction to the theory of general balance and wellbeing. Applications to the firm.
Credits
2
Instructor
Sanudo Guillermo
Credits
2
This course is intended to provide a brief summary of the balance accounting concepts, loss and profits statements, and financial forecasts. Financial Analysis studies all the tools that allow students to analyze corporate financial statements (vertical analysis, horizontal analysis, red flags), indebtedness levels, asset characteristics.
Credits
1
Instructor
Sanudo Guillermo
Supply and Demand: Determinants, market equilibrium, perfect competition, flexibility. Market imperfections, industrial organization notions. Introduction to General Equilibrium and Welfare Theory. Firm Applications.
Credits
2
Instructor
Sanudo Guillermo
Statistics , economic and econometric models. Statistic basic concepts: population concepts, parameter, sample, sampling frame. Dispersion and central tendency measures., statistics hypothesis, type of errors, hypothesis tests. Correlation and lineal regression analysis: sampling and population regression Function, model assumptions, estimation methods, prediction.
Credits
2
Instructor
Sanudo Guillermo
Added supply and demand model: classic and Kenysian focus, savings role. Macroeconomy of demand: saving and consuming determination. Public sector. Monetary economy: money supply and demand. Supply economy: labor market. Added supply and demand at short and medium terms.
Credits
2
Instructor
Sanudo Guillermo
Projects Financial Evaluation: cash flow, financial equivalents, profitability criteria, Net Present Value and Return Internal Rate comparisons. Uncertain and risk condition evaluation. Capital expenditure cost. Added value.
Credits
3
International Flow of Goods and Capital. Savings, investment and net exports: Static analysis. A static model for a small open economy. Exchange rates: Definitions and relationship with net exports in the static model. Devaluation expectations, interest rates and interest differences. Risk-country and devaluation expectations. Interchange terms.
Credits
3
Instructor
Sanudo Guillermo
The public sector is a mixed economy. Role of the public sector. Public and private State-supplied assets. Public election. Public production and bureaucracy. External factors. Analysis of expenditure policies. Taxes: effects, optimal taxes. Regional and municipal finances.
Credits
3
Instructor
Sanudo Guillermo
Credits
3
Instructor
Sanudo Guillermo
Microeconomy main applications are introduced in international trade fields, public Goods, External, economic Regulations, especially in public utilities offer.
Credits
3
Instructor
Sanudo Guillermo
The Macroeconomics and Marketing course seeks an integrated general vision of elements and concepts treated in depth throughout the specialization locating those within the financial local markets functioning and characteristics field. In this way in the first module, basic concepts traditionally used to study the markets are reviewed and how in the Colombian case, these concepts are specified. In the second module each of these markets evolution is carefully reviewed, as well as its main characteristics, functioning and role in the Colombian economy reality in past years. Thus, the course objective is to gather all theoretical and conceptual tools developed in the analysis specialization and description of main financial markets, allowing the student to develop a critic analysis capability of his/her professional surroundings.
Credits
3
Instructor
Sanudo Guillermo
Introduction to financial subjects. Needed concepts and tools to carry out risk managements in an efficient way according to market requirements. Risk Assessment measuring models (Market, Cash Flow, Credit). Applications to the Colombian case.
Credits
3
Instructor
Sanudo Guillermo
From a content point of view, the course aims at the application of microeconomic theory and asymmetric information for bidding purposes Resources allocation problems for the market In this frame could be understood as &Idquo, availability biddings to pay " representing the adequate mechanism for price setting. In this way and through this course there will be constant evidence of the influence that this type of mechanisms currently have over market design activities and regulations. To the general bidding theory, the course will include certain interesting applications in Colombia as well as in other markets.
Credits
3
Instructor
Sanudo Guillermo
Banking crisis typification: Theoretical and empiric evidence, worldwide revision cases with emphasis in Latin-America. Modern reasonable regulation theory: Theoretical and empiric evidence, local and worldwide.
Credits
3
Instructor
Sanudo Guillermo
Use of the main existing methodologies for projects economic assessment in different areas: drinking water, roads, health and education.
Credits
3
Instructor
Sanudo Guillermo
This course should provide the knowledge needed to put forward solutions to a given problem. These solutions entail knowledge about main features of the benefited target population and the features of the option to be evaluated as well. Topics covered include: Project Cycle, Optimization of the situation without Project, Market aspects (supply, demand, forecasting techniques), Technical Survey (dimension, location, technology, inputs), Legal Survey, Financial Survey, Socio-economic Survey.
Credits
1
Instructor
Sanudo Guillermo
Analyze whether a project is profitable, from the investor´s point of view. Construction of financial flows and calculation of profitability indexes. Emphasis in the analysis of project portfolios and the sensitivity analysis on the main variables affecting the profitability of projects.
Credits
3
Instructor
Sanudo Guillermo
This subject is a complement to the financial appraisal and introduces basic concepts of the Decision Making Theory. Information management (IM) tools that support and render easier the job should be considered. Some of the topics to deal with could be: Laplace Principle, Maximin, Maximax, Hurwick Principle, Minimax Rule of the Opportunity Cost, Decision Making Trees, Bayes Theorem, Expected Values, Influence Diagrams, Relevant Factors and Hierarchic Analytic Processes.
Credits
3
Instructor
Sanudo Guillermo
Multiple regression analysis: Matrix approach model specification and estimation. Prove of hypothesis, prediction and adjustment. Functional forms. Minimum restricted squares. Qualitative independent variable models: Classic regression assumption model violation. Maximum verisimilitude estimation method, limited dependent variables models: Lineal probability models, logit, probit and Poisson. Panel data: Combined data minimum squared model. Fixed and random effect models. Prove of contrast. Time series: stationary stochastic procedure. Correlogram. Prove of unit root. Cointegration.
Credits
3
Instructor
Sanudo Guillermo
Projects generate impacts in the welfare of communities, the quantification of these benefits (and not benefits) is a matter of economic assessment. The social and economic assessment use the theoretical framework provided by the welfare economics and analyzes the efficiency and distributive impact. The aspects to be addressed are: analysis of decisions under perfect market situation, valuation of benefits and costs with diversions, the account price of workforce, currency, social discount rate, analysis of the social assessment of projects: distributive weightings, changes of the benefits by the beneficiaries, basic needs and inter-temporary aspects. Analysis under uncertainty, always bearing the social impact in mind.
Credits
3
Instructor
Sanudo Guillermo
This course is part of the Minor in Social Project Assessment -Program sponsored by DNP and USAID. This course is intended to present the theoretical principles to manage investment projects and settle internal conflicts. It also deal with the management of projects with network-based methodologies, PERT, CPM and issues related to the project management structure.
Credits
3
Instructor
Sanudo Guillermo
Statistical, economical and econometric models. Basic concepts of statistics: Population, parameter, sample, sample framework concepts. Mean trend and dispersion values measurement, statistical hypothesis, error types, prove of hypothesis. Correlation and lineal regression analysis: Population regression and sample functions, assumptions of the model, estimating methods, prediction.
Credits
3
Instructor
Sanudo Guillermo
This course is part of the Minor in Social Project Assessment - Program sponsored by DNP and USAID. This course is targeted to get students acquainted with the main quantitative techniques for the impact assessment of public policies. Specifically, the course will approach the basic model of Ordinary Least Squares and thereafter it will dwell on subjects as Instrumental Variables, Differences in Differences and matching methods. The course will focus on these techniques being applied to empirical works that assess national and international policies. In addition, these techniques will be implemented electronically by using the STATA computer program.
Credits
3
Instructor
Sanudo Guillermo
This course is part of the Minor in Social Project Assessment - Program sponsored by DNP and USAID. As an indispensable requirement to earn the degree of Specialist in Project Assessment, the students should evaluate a high impact project within the country´s economy. This application deals with the formal assessment and devising of the project, which has to approach the financial issue (private assessment) and the new welfare (economic assessment).
Credits
3
Instructor
Sanudo Guillermo
This course is part of the Minor in Social Project Assessment - Program sponsored by DNP and USAID. The objective of the program is to show the specificities of certain projects, providing for the existence of various specialized techniques of socio-economic assessment. • Energy Project. • Drinkable Water Project. • Risk and "Multipurpose&rdquo Project,. • Agro industrial Project. • Environmental Projects (preservation). • Social Projects: Education, Health, Nutrition, Housing, and "integrated". • Workshops.
Credits
3
Instructor
Sanudo Guillermo
Students should carry out a project assessment with a &Idquo,alto&rdquo impact in the economy of the country as a due requirement to obtain the title of Projects Evaluation specialist. This exercise is a formal project evaluation taking on board financial aspects (private evaluation) and welfare generated changes (economic evaluation).
Credits
3
Instructor
Sanudo Guillermo
Interest rate concepts are reviewed in this course, cash flow, current value, return internal rate (TIR) and bonus prices essential to go deep in financial assets valuation methodologies. Parallel to Master classes, Excel workshops are developed and in the financial calculator allowing the student to acquire readiness in financial formula calculations.
Credits
3
Instructor
Sanudo Guillermo
This course is designed to take on board econometric models of simple and multiple line regressions and to introduce students to series time models, applied deeply in the financial analysis market and real sector. The main purpose of the time series thematic area is to guide students in methodologies and concepts used for unit root sampling application and to define and evaluate stationery and non- stationery models allowing to carry out variables or series forecasts. Computer practices and workshops are developed for different data series amongst real value series of assets market in the country.
Credits
3
Instructor
Sanudo Guillermo
For the students the course offers essential concepts to understand and to value the market functioning of derived tools in Colombia and at international level, very important aspects for the financial management of financial and real sector entities. Emphasis is made upon the importance of derived instruments to cover different financial risks to which a company might be exposed, such as the exchange rate risk, interest rate, financial assets price variation, amongst others.
Credits
3
Instructor
Sanudo Guillermo
This course belongs to the Specialization in Economy offered in Medellin, in agreement with EAFIT. Problems envisaged by economists as a study real and formal objective, economic science study methodology.
Credits
3
Instructor
Sanudo Guillermo
This course belongs to Specialization in Economics read in Medellin under agreement with EAFIT. Supply and demand: determinant factors, market balance, elasticity. Perfect competition. Market imperfections, notions of economic regulations and industrial organization. Foreign trade basics. Introduction to the General Theory of General Balance and Welfare. Applicability in the firm. Main applications of micro-economics in the field of foreign trade are introduced, public property, external aspects, economy regulation particularly the regulation of public utilities supply.
Credits
3
Instructor
Sanudo Guillermo
This course belongs to Specialization in Economics given in Medellin in cooperation with EAFIT. Statistical, economic and econometric models. Basic concepts of statistics: concept of population, parameter, sample, sampling frame. Central trends and dispersion measures, statistical hypothesis, type of errors, prove of hypothesis. Linear Regression and correlation analysis : population and sample regression function, model assumptions, estimation methods, prediction.
Credits
3
Instructor
Sanudo Guillermo
This course belongs to Specialization in Economics given in Medellin in cooperation with EAFIT. Project financial evaluation: cash flow, financial equivalences, profitability criteria, comparison between Net Present Value and Internal Return Rate. Evaluation under conditions of risk and uncertainty. Capital use cost. Aggregate value.
Credits
2
Instructor
Sanudo Guillermo
This course is part of the Specialization in Economics given in Medellin in cooperation with EAFIT. A model of aggregated supply and demand : the classical approach and Keynesian focus, the role of savings. Macroeconomics of demand: determination of consumption and savings. The public sector. Monetary economy: demand and supply of money. Economics of supply: the labor market. Aggregated supply and demand in the short and medium term.
Credits
4
Instructor
Sanudo Guillermo
This course belongs to Specialization in Economics given in Medellin in cooperation with EAFIT. International flow of goods and capital. Net savings, investments and exports: Static analysis. A static model for a small and open economy. Exchange rates: definitions and their relationship with net exports in a static model. Devaluation expectations, interests rates and interest differentials. Country-risk and devaluation expectation. Exchange terms.
Credits
2
Instructor
Sanudo Guillermo
This course belongs to Specialization in Economics given in Medellin in cooperation with EAFIT. The public sector in a mix economy. The role of public sector. Public goods and private goods supplied by the State. Public election. Public production and bureaucracy. External aspects. Public expenditure analysis. Taxes: incidences, optimum taxation. Regional and municipal finance.
Credits
2
Instructor
Sanudo Guillermo
This course is part of the Specialization in Economics given in Medellin in cooperation with EAFIT. Economic development and economic growth. Notions of main economic growth models. The contribution of human capital to development. Institutional development and economic development. Influence of international factors over development of developing economies.
Credits
2
Instructor
Sanudo Guillermo
Credits
1
Credits
6