LOG6213: FINANCIAL GOVERNANCE

Brief description of aims and content

 Financial governance issues are central to economic and political discourse worldwide, as one of the primary functions of government is to generate resources from its people to spend money improving the lives of its people. However, while the concept of “money from the people, for the people” is quite simple conceptually, there is little agreement on how best to raise and spend public funds in practice. Thus, the primary course objective is to provide students with the tools, and the skills to use these tools, to understand the underlying concepts and practical trade-offs entailed in public finance policy alternatives. This will prepare students to be informed consumers of public finance data, and thus, equip students to engage constructively in the formulation, implementation, and evaluation of public finance policies. The aspect of developing financial skills and logical thought processes necessary to understand and discuss financial policy decisions are built in. The students will further understanding of the time value of money; using financial statements in decision making; and understanding the cost of capital, management of short-term assets, short-term and long-term financing, and multinational financial management. It addresses the impact of legal, social, technological, and ethical considerations on efficient economic outcomes.