11.437 Financing Economic Development

Spring 2006

Downtown New Orleans flooded by Hurricane Katrina.
Student projects in this class focus on economic recovery for New Orleans, shown here shortly after it was flooded during Hurricane Katrina in 2005. (Photo courtesy of the National Geodetic Survey.)

Course Highlights

This course features a set of assignments and descriptions of the student projects, which focused on rebuilding New Orleans after Hurricane Katrina.

Course Description

This course focuses on financing tools and program models to support local economic development. It includes an overview of private capital markets and financing sources to understand capital market imperfections that constrain economic development; business accounting; financial statement analysis; federal economic development programs; and public finance tools. Program models covered include revolving loan funds, guarantee programs, venture capital funds, bank holding companies, community development loan funds and credit unions, micro enterprise funds, and the use of the Community Reinvestment Act to leverage bank financing.
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Staff

Instructor:
Prof. Karl Seidman

Course Meeting Times

Lectures:
Two sessions / week
1.5 hours / session

Level

Graduate

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