Over the course of one academic year, students complete a slate of required courses focused on the global financial system and delve into specialized electives.
Required Courses: 32 Credits total
Systemic-Risk Colloquium (4 credits, Year Long) (English and Metrick)
Colloquium is a year-long course with 2 credits each semester (4 credits in total). Colloquium will consist of presentations by the students and outside speakers. The colloquium is required for students in the MMS Systemic Risk program. It will be open to other Yale SOM students subject to permission from the instructor.
Macroprudential Policy (4 credits, Fall & 4 credits, Spring) (Feldberg and Benediktsdottir)
Macroprudential Policy is a year-long course with 4 credits each semester (8 credits total). A quantitative approach to stress testing, systemic risk measurement, designation and monitoring of systemically important institutions and markets, countercyclical capital buffers, and the international coordination of macroprudential policies.
The Global Financial Crisis (4 credits, Fall) (Metrick and Geithner)
Surveys the causes, events, policy responses, and aftermath of the recent global financial crisis. The main goal is to provide a comprehensive view of this major economic event within a framework that explains the dynamics of financial crises in a modern economy.
Central Banking (4 credits, Fall) (English)
An overview of central banking, with an emphasis on the interactions of monetary and macroprudential policies. Covers central‐bank decision making, open‐market operations, quantitative easing, management of multiple mandates, and coordination with other domestic and international agencies.
Financial Stability Regulation (4 credits, Spring) (McNamara and Rhee)
A comparative approach to Financial Stability regulation around the world. Covers international guidelines (Basel, Solvency), supra‐national arrangements in the EU, and national‐level laws in major economies.
Monetary Policy (4 credits, Spring) (English)
An intermediate course in macroeconomics, focused on the tools used by monetary economists. Includes an introduction to macroeconomic forecasting as practiced by central banks.
Financial Crises: Policy Response (2 credits, Spring) (Metrick)
Introduction to Financial Crisis Communication (2 credits, Spring) (Wiggins)
Electives: 4 credits total
4 credits must entirely consist of a statistics, finance or economics class (additional beyond required courses). Among the three, we strongly recommend statistics courses. Students are strongly recommended to take Applied Quantitative Analysis taught at the Jackson School of Global Affairs by Justin Thomas.
