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 15 minute presentation followed by 15 min of Q&As session. 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.

Please note that the presentations have to be uploaded on canvas until December 10, 2024 at the latest.

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David Hauner is a managing director and head of Global Emerging Markets Fixed Income Strategy. He is responsible for the global emerging markets strategy outlook and trading recommendations in FX, rates and sovereign credit. The team’s products include the Global Emerging Markets Weekly, thematic GEMs Viewpoints and EM Alpha trade recommendations. His team has been ranked #1 in Emerging Markets Fixed Income Strategy in the past 10 years in Europe, Middle East and Africa and for the past four years in Asia and Latin America. Prior to joining the firm in 2008, he was an economist at the International Monetary Fund (IMF). Hauner has published more than a dozen research papers on emerging market finance and policy in academic journals. He holds a master’s degree in international policy studies from Stanford University where he was a Fulbright Scholar, and a PhD in economics from the University of Vienna. He is a CFA charterholder and is based in London. For more information about any awards cited, visit https://rsch.baml.com/awards.

Contact: hauner@stanfordalumni.org.