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QTM3615 Time Series and Forecasting
4 Advanced Liberal Arts CreditsThis course is about the analysis of time series data in the context of various real-life forecasting situations pertaining to business and non-business areas, such as sales, banking, healthcare, sports, and global warming. The objectives of the course are: to provide practical experience with time series data to predict future outcomes; to provide a framework for comparing alternative models in terms of predictive accuracy; to cultivate an appreciation of various types of times series modeling approaches; to provide advanced exposure and experience in programming to build, test, and apply time series models; and to develop skills at communicating results effectively. The software used throughout the course will be Excel and R/RStudio. Effective teamwork and professional presentation of analyses and recommendations will be required during this course.
Prerequisites: AQM2000 or QTM2000 or permission from instructor
LTA2015 Truthful Fictions: Biographical Novel, Memoir & Biopic
4 Intermediate Liberal Arts Credits
What do works as disparate as Lin-Manuel Miranda's Hamilton, Spike Lee's Black KkKlansman, Maggie O'Farrell's Hamnet, Craig Gillespie's I, Tonya, and Tara Westover's memoir Educated have in common? The past two decades have produced a remarkable surge in biographical fictions (what Alain Buisine coined "biofictions" in 1991). Similarly, as three-time memoirist Mary Karr argues, memoir is in its heyday, with a massive increase in readership in the past twenty years or so. And the popularity of biopics, defined by George Custen as films "minimally composed" of a life or "portion of a life" of a real person have become a tidal wave that threatens to spill over into tsunami. What explains why "true life" stories have become the go-to dinner for fiction writers? In this course, we will explore how memory and forgetting, experience and perception, fact and invention, public and private history, personal relationships, social and political forces intersect in these popular literary and cinematic forms. We will examine the myriad ways authors and directors construct an auto/biographical self, how these may differ from the selves of lived experience, and what these forms suggests about how we navigate a world in which truth is often questioned (or even under siege) and fiction may achieve an honesty that more purportedly "truthful" narratives fail to convey.
Prerequisites: (FCI1000 or AHS1000) and (WRT1001or RHT1000)
OIM3650: UI/UX Design for Web and App Development
4 advanced liberal arts credits
For more information about this course, please review this video: https://babson.instructuremedia.com/embed/b8eebad7-34b3-40fb-8968-435917022326
Prerequisite: OIM3690 or experience in HTML and CSS
OIM3635 UI/UX Design for Web and App Development
(Formerly MIS3635 User Interface Design)
2 Advanced Liberal Arts Credits
**Student who took this as MIS3635 cannot register for this course**
Prerequisites: MIS3690 or MIS3640
POL4604 Understanding Political Risk
(Formerly Managing Political Risk in an Uncertain World)
4 Advanced Liberal Arts CreditsThis course will provide a framework of concepts and perspectives for managing political risk in an increasingly global economic environment. Issues covered include, at the international level, geopolitics, trade policies, alliances and conflicts, and, at the national level, civil conflict, regime change, and underlying sources of instability such as inequality and terrorism, as well as diverse fiscal, monetary, and regulatory policies affecting property rights, industry structures, labor markets, environmental strategies, and other critical areas for business leaders. The nature of these issues and how they are addressed vary over time and across countries. This diversity of responses is shaped by history, culture, geography, and politics. This course will cover general themes, theories and approaches, while providing current analyses and insights on select issues, regions, and/or countries. Students will also have the opportunity in individual and team assignments to focus on specific issues, regions, and/or countries of their choosing, with the responsibility to share their findings with the class through discussion and presentations.
Prerequisites: 3 Intermediate liberal arts courses (CVA, LVA, HSS, CSP, LTA in any combination)
SUS3601 Unintended Consequences: At the Interface of Business and the Environment
4 Advanced Liberal Arts CreditsThe consequences of business decisions often have impacts far different from those that were initially anticipated. Increasingly business leaders, particularly entrepreneurs, are expected to be able to anticipate the consequences of such decisions on the social and natural environment. "Systems thinking" offers a useful framework for dealing with such complex challenges. Likewise, such consequences demand an interdisciplinary approach to their study. The focus of this course will be on building competency in the use of systems thinking in regard to the interface of business and the environment through in-depth and interdisciplinary, historical and contemporary case studies such as "boom and bust" in the industrial revolution of the United States, declining fisheries, the use of hydraulic fracturing to extract fossil fuels, carbon sequestration, damming of rivers and the growing impact of electrical vehicles. We will also examine efforts to mitigate the impact of business decisions on the environment and the political, economic and policy challenges such efforts present. SUS3601 will use a variety of learning methods throughout the course including historical resources, multi-media immersion, field projects and "flipping the classroom." We hope to help students address such questions as:
- How can business leaders productively consider the long-term implications of their actions for a variety of stakeholders and what is their responsibility for doing so under unpredictable circumstances?
- How can the perspectives of science and social justice inform business leaders' understanding of the long-term implications of their actions?
- What role can/should business leaders play in the remediation of societal and environmental degradation?
Prerequisites: (FME1000 and FME1001) or (MOB1000 and MOB1010) and NST1
HSS2030 US Politics
(Formerly American Politics)
4 Intermediate Liberal Arts CreditsThe course begins with a focus on significant ideas, major political and economic institutions, and key social conflicts and events that have shaped the character of American politics. We will position American politics in its historical context, recognizing and contending with the legacies of enslavement, white supremacy, and imperial violence in its development. As such, the fundamental role of race, colonialism, gender, sexuality, and class will be addressed throughout so that we can understand key and persistent features of American politics. The latter half of the course will examine contemporary ideologies, struggles over civil liberties and rights, the forces generating economic inequality, and the origins of mass incarceration and systemic racism. We will also spend the beginning of classes discussing the news, so the class will be flexible enough to respond to and address political events as they occur. The course will involve a combination of lecturing, discussion, and small-group activities, so class participation is important.
Prerequisites: (FCI1000 or AHS1000) and (WRT1001or RHT1000)
ECN3606 Uses and Abuses of Financial Derivatives: An Economist's View
4 Advanced Liberal Arts Credits
The significant use of derivative instruments began in the 1970s and, since then, has grown at a thunderous rate. Derivatives are used by individuals, businesses, financial institutions, central banks, and governments throughout the world. This course explains financial derivatives from microeconomic and macroeconomic perspectives.
The wise use of derivative instruments requires the identification, measurement, evaluation, management, and monitoring of major risks. Some risks are willingly held, but many of are not, and derivative instruments provides a way to transfer these risks to others. Uses and Abuses of Financial Derivatives: An Economist's View explains how companies have used derivative contracts to mitigate risks. It also describes how these instruments can be used for speculative, often destructive, purposes, which have little or nothing to do with a well-conceived strategy. In some cases, actions that were intended to hedge positions ended up being speculative, due (usually) to unpriced risks and a lack of understanding.
In the spirit of "Never waste a good crisis," this course explains the steps and missteps of companies connected to some of the most spectacular derivative disasters, such as Amaranth Advisors LLC, American International Group (AIG), JPMorgan Chase ("London Whale"), Metallgesellschaft AG, Orange County, and Proctor & Gamble Inc. In doing so, the course addresses important questions, such as: What risks did these companies fail to identify or incorrectly price? Could these losses have been prevented?
The chances are high that students in this class will be offered employee stock options sometime in their professional careers, so this course explains how to put stock option offers into the broader perspective of different forms of compensation and their risks. We will find that employers (especially those in start-up companies) often look at ESOs quite differently from employees.
Derivative products have been used by central banks to influence exchange rates and by governments to hedge international borrowing and lending costs. This course explains how central banks hedge themselves and the positive and negative impacts these transactions can have on international capital flows, domestic credit markets, and foreign exchange markets.
Uses and Abuses of Financial Derivatives: An Economist's View also connects you to an ongoing debate about whether financial derivatives can have significant negative effects on national and world economies. On one side are those who believe derivatives are zero-sum games, with the losses of some offset by the gains of others. On the other side are those who believe that derivative instruments can negatively influence nations' monetary and fiscal policies and expectations, thereby precipitating national and international economic and financial crises. This course discusses both sides of this debate, with particular focus the currency crises of Mexico (1994), Thailand (1997 - 1998), Russia (1998), and Argentina (2001).
Engaging in a forward contract means agreeing to pay or receive payment in the future at a price agreed upon today, but how can one know if a forward price is "fair." To address this question, we discuss four "parity conditions," which are at the heart of many macroeconomic discussions - particularly those dealing with derivatives.
Prerequisites: ECN2000 or ECN2002
LTA2069 Utopia and Dystopia: Literary and Cultural Expressions
4 Intermediate Liberal Arts CreditsThis course will examine the difference between ideas of absolute societal perfection and absolute societal imperfection as expressed in literary and cultural texts. Topics of study through such texts will include the ways we govern, the ways we create order, the ways we progress, and the ways we treat others. Over the course of the semester, students will be confronted with a number of questions. What are the elements of a utopia or dystopia? If one is complete perfection and the other complete imperfection - both by definition unattainable - then why are the concepts even worth talking about, and why have they persisted throughout history and across cultures? And maybe most interestingly, is there much of a real difference between the two? We will read works by Jose Saramago, Cormac McCarthy, Kazuo Ishiguro, Ursula LeGuin, and Margaret Atwood.
Prerequisites: (FCI1000 or AHS1000) and (WRT1001or RHT1000)
MOB3526 Values Based Entrepreneurial Leadership
4 Advanced Management Credits
This course has been created specifically for students who wish to develop their capability as a values based entrepreneurial leader. Specifically, the course is about helping students to better understand and develop their own values and learn how effectively apply those values as a leader. Being a successful entrepreneurial leader requires a clear set of values and a willingness to allow those values to govern decision-making beyond simple decision rubrics like profit maximization.
For more information: http://www.kaltura.com/tiny/0l0yj
Prerequisites: (FME1000 and FME1001) or (EPS1000 and MOB1010)