Investing in emerging markets from a practitioner's perspective: macro and micro drivers of growth; macro and political risks; economic policies and their impact on investments; capitalmarkets and their local and global drivers.

80% of attendance is requested, but it is strongly recommended to attend the whole course.

The course will be highly interactive, and thus much of the assessment is based on active participation. Students will give presentations that will be enriched by active classroom discussionand real-world investment insights from the lecturer. Students will also work on a case study on investing in emerging markets. The course will conclude with an open-book exam to demonstrate that students have actively followed the course and are able to drawcoherent conclusions.

50pc active participation; 25pc presentation; 25pc 2h open book exam at the end of the last day.

Each student should please select one topic from a list, (which will be distributed) for a 30 minute presentation. Use discretion in selecting the key parts of the publications, make good use of charts and skip the technical parts. Feel free to use additional outside sources to enrich your presentations. The topics differ in length and difficulty: this will be taken into account in the grading of the presentation. Please read as much of the material below as possible: it will show in your class room participation which accounts for most of the grade.

Dr David Hauner, MA, CFA, is chief strategist and economist for CEE, the Middle East and Africa at Bank of America Merrill Lynch in London. He also worked at the InternationalMonetary Fund and Munich Re. He studied at Stanford, ESSEC and the University of Vienna.

Contact: hauner@stanfordalumni.org.