EECO - Postgraduate Certificate in Economics

EECO-5101 EE Economical Development

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5102 EE Microeconomics

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5103 Macroeconomia (Especializacion Economia)

Credits

2

Distribution

-

EECO-5104 Financial and Accounting Analysis

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5122 Microeconomy ER

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

EECO-5123 Quantitative Methods ER

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

EECO-5124 Microeconomy ER

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

EECO-5201 Project Evaluation EE

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

Distribution

-

EECO-5202 International Finance EE

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5203 Public Economics EE

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

EECO-5204 B2 Concentration

The student may choose two courses of concentration A and two courses of concentration B or one course of each concentration. Concentration Areas: Social Economy, Financial Economy, Public Policies, Industrial Organization, Macroeconomics, Environment, Theory, Econometric Thinking and History and Econometrics and Quantitative Methods. Please visit: http://economia.uniandes.edu.co/es/programas/maestria_en_economia_peg/estructura_y_plan_de_estudios/electivas electives aquí"

Credits

3

Distribution

-

Instructor

Sanudo Guillermo

EECO-5206 Microeconomy Applications

Microeconomy main applications are introduced in international trade fields, public Goods, External, economic Regulations, especially in public utilities offer.

Credits

3

Distribution

-

Instructor

Sanudo Guillermo

EECO-5207 $name

Distribution

-

- $name

EECO-5213 Macroeconomy and ER Markets

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

EECO-5214 Financial Risk Evaluation ER

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

EECO-5216 Bidding and Information Economy ER

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

EECO-5217 Banking Crisis and Reasonable Standards ER

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

EECO-5218 Special Topics

Use of the main existing methodologies for projects economic assessment in different areas: drinking water, roads, health and education.

Credits

3

Distribution

-

Instructor

Sanudo Guillermo

EECO-5219 Formulation of Projects

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5220 Project Financial Appraisal

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5221 Risk and Uncertainty

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5222 Quantitative Methods II

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5223 Economic Assessment

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5225 EE Quantitative Methods

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5234 Practice Seminar

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

Distribution

-

Instructor

Sanudo Guillermo

EECO-5235 Financial Mathematics ER

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

EECO-5236 Time Series Introduction ER

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

EECO-5238 Derived Tools Valuation Methods ER

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

EECO-5305 Proyects Evaluation EE

 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

EECO-5306 Macroeconomy EE

 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

EECO-5307 International FinanceEE

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

EECO-5309 Economic Development EE

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

EECO-5310 Introducción A Las Finanzas Corporativas

Credits

2

Distribution

-

EECO-5501 EECO-5501

Distribution

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EECO-5502 EECO-5502

Distribution

-

EECO-5503 EECO-5503

Distribution

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