Finance in a global economy
Taught by the world's foremost authorities on global business and cross-cultural interaction, the courses in Thunderbird's MS in Global Finance program deliver insight into the intricacies of fiscal activity on an international scale – and how financial matters may be driven by cultural nuance. Study global finance as it relates to actual businesses across the world, including in leading and emerging markets like Canada, France, Denmark, Indonesia, the UK, China, Argentina and Puerto Rico. The program features core curriculum in global finance, including general management and global affairs, with a breadth of additional global finance electives for specialization.
Economics bootcampsDepending on your undergraduate background, you may be required to take an online economics bootcamp prior to beginning the program. Read more. |
English proficiencyDepending on your TOEFL, IELTS or PTE score (if applicable), you may be required to take “Business English Communications” course(s) prior to beginning the program. |
Sample course descriptions
Note: Not all courses shown here are taught at all times. This listing represents a sample of the courses available at Thunderbird, but is not meant to be all-inclusive. Please speak with an admissions representative to discuss the specific classes being offered in the next term.
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Course Number: GF-5273Credit Hours: 3.00
This course is concerned with the theory and practice
of optimally combining securities into portfolios (portfolio analysis) and with asset allocation decision making.
Considerable emphasis is placed on computer-based simulation and optimization. Students are required to simulate the optimization of multi-asset portfolio. This course is highly
mathematical and requires excellent computer skills. -
Course Number: IF-5914Credit Hours: 3.00
The learning program of this internship is largely supported by the sponsoring organization with some faculty involvement. Since academic credit is granted, it is required for the student to coordinate with the Faculty Advisor who facilitates the learning process throughout the internship. The student must discuss with the Faculty Advisor, regarding the academic paper (minimum 4-5 pages of a special internship topic) and the progress of the work during the internship (at least one session during the trimester).
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Course Number: IF-5911Credit Hours: 0.00
This Internship is structured as an independent study Internship and requires a close working relationship with the Faculty Advisor. The 3.0 credit Internship paper (minimum 15 ? 20 pages) includes a detailed assessment plan and conference with the Faculty Advisor (minimum 3 sessions per trimester). It should be organized as a field studies paper or a consulting paper.
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Course Number: GF-5700Credit Hours: 3.00
This course explores the risk exposures of international
organizations. Generally dealing with accidental loss situations,
the course uses case studies developed by the instructor
(World Trade Center, Volcanic Eruption Disasters, Dupont
Hotel, and others) to enhance the learning process. Topics
include: emergency and disaster planning; environmental risk auditing; political risk management; cyber risk exposures; loss control and financing; risks associated with mergers and
acquisitions; ocean transportation risks; expatriate risks; and -
Course Number: GF-5271Credit Hours: 3.00
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Course Number: GF-5211Credit Hours: 3.00
This course imparts a basic understanding of the
investment banking business as an intermediary in the capital and merger markets and demonstrates how it serves both its issuing clients and investing customers by focusing on several services it provides, how client relationships are established
and maintained, and several analytical techniques for solving problems. It is not intended to be vocational and is presented from the perspectives of senior managers and senior investment bankers. -
Course Number: JA-4100Credit Hours: 3.00
This course emphasizes the use of the target language in context, especially the lexicon of business. Readings from newspapers, journals, and books (although to a restricted degree in non-Latin alphabet languages) familiarize future international managers with issues in the areas of the world where the target language is spoken. Activities include small group discussions, oral and written projects, and grammar review.
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Course Number: JA-4025Credit Hours: 3.00
Fundamentals I is intensive and emphasizes interactive activities that develop oral proficiency. Participants study the four communicative skills (listening, speaking, reading, and writing)with emphasis on the development of oral interaction. The use
of a cassette player may be required. Classes meet four times a week. -
Course Number: JA-4026Credit Hours: 3.00
In Fundamentals II major emphasis continues to be on the development of speaking and listening proficiency, but increased attention is also given to reading and writing. Authentic materials in the target language reflect situations
relevant to the international manager, except for non-Latin based languages or Asian languages. -
Course Number: JA-4015Credit Hours: 3.00
This is an introductory course for beginning language learners. No prior knowledge is required. Students study language fundamentals such as pronunciations, vocabulary and grammar. The emphases are: a) establishing a solid foundation in pronunciations; b) building up vocabulary and sentence patterns in communicative contexts; c) introducing writing systems and preparing students to read characters. In addition, cultural and social information that go along with language use are also included in the teaching.
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Course Number: JA-4020Credit Hours: 3.00
This course is a continuation of Fundamentals I and II. It aims to help students further develop communicative skills in listening and speaking, with an additional emphasis on reading texts. The emphases of this course are: a) building up more vocabulary and grammatical structures for communications purposes, b) integrating the linguistic and cultural knowledge acquired in Fundamentals I and II with the new knowledge, c) introducing business content and terminology in instructions and activities.
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Course Number: ML-4015Credit Hours: 0.00
In recent years, the business world has become increasingly sensitized to the presence of institutional governance and defining the culture of a corporation and its core values. Stated explicitly or not, these issues not only impact the reputation of the venture or corporation, but also its sustainability and financial bottom line.
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Course Number: ML-4020Credit Hours: 0.00
In recent years, the business world has become increasingly sensitized to the presence of institutional governance and defining the culture of a corporation and its core values. Stated explicitly or not, these issues not only impact the reputation of the venture or corporation, but also its sustainability and financial bottom line.
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Course Number: GF-5412Credit Hours: 3.00
This course will (1) increase your understanding of the nature of organizational change (through conceptual frameworks, readings and discussions), (2) increase your skill in managing change (through a project) and (3) enhance your sensitivity to the contribution and consequences of the human element as related to change. As a pivotal requirement of this course, you will create and manage a change project. This project will be the platform through which you will apply the issues and concepts that we cover in this course.
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Course Number: ST-4432Credit Hours: 1.50
This course covers the critical legal issues every entrepreneur and manager need to know in conducting global business. The topics include organizational structure, financial issues at startup and expansion, domestic and international tax issues, intellectual property issues, employment law issues, and transactional law issues. Each session will be covered by a lawyer expert in the topic area under the direction of a Thunderbird faculty member.
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Course Number: GF-4803Credit Hours: 3.00
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Course Number: GM-4102Credit Hours: 1.50
This course covers the development and use of managerial accounting information, including both financial and non-financial performance measures, in making long- and short-run decisions. Topics include cost-profit-volume analysis, cost behavior, relevant costs, job-order and processes costing, activity based cost management and the analysis of customer profitability.
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Course Number: MGT-4466Credit Hours: 1.50
This course provides a fast-paced review of key concepts and tools in global strategy and organizational behavior for students already possessing some knowledge in these areas. Both strategy formulation and implementation are addressed. Topics include: strategic focus; competitor and industry analysis; core competencies; organizational culture; cross-cultural leadership; and change management. The need for global businesses to fit all these elements together in the pursuit of competitive advantage is emphasized.
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Course Number: GF-4623Credit Hours: 3.00
This course follows the evolution of the European business environment created by the enlargement of the European Union. It focuses on how businesses are managing their operations in the enlarging European Single Market, a Market which will expand again with the access ion of Bulgaria and Romania to the European Union in 2007. The course addresses the challenges and opportunities facing companies in the dynamic environment of the ?new? evolving European Union.
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Course Number: GF-4390Credit Hours: 1.50
This course focuses on project planning, monitoring
and control for the management of complex projects in a global context. Use of project management software will be integrated throughout the course. Discussions will include cases and experiences from past projects.

