Fall 2013 - 63675 - PA388L - Advanced Topics in Management
Financing for Social Innovation
This course is designed for students who aspire to become social innovators through their roles in private, public, or nonprofit organizations.
An understanding of fundamental concepts of financial management is essential for building and managing solvent and sustainable organizations. The first half of the course will cover topics such as time value of money, net present value, valuation of stocks and bonds, capital budgeting principles, and financial statements analysis.
While government funding and traditional philanthropy have been the mainstay of social sector funding, recent years have witnessed the emergence of new financing models, strategic public/private partnerships, and financial intermediaries that are aimed at creating greater social impact. The second half of the course will explore some of these innovations including venture philanthropy, social mutual funds, social impact bonds, PRIs, social venture capital, patient capital, and microfinance.
Classes will involve a combination of lectures, discussions, guest speakers, cases, team projects, and presentations.
Successful completion of PA 391 is necessary before enrolling in this course.