New York University Bulletin 2008-2010w4.stern.nyu.edu/uc/advising/SternUGBulletin.pdf ·...

New York University Bulletin 2008-2010

Leonard N. Stern School of BusinessT H E U N D E R G R A D U A T E C O L L E G E

Leonard N. SternSchool of Business

The Undergraduate CollegeANNOUNCEMENT FOR THE 109TH AND 110TH SESSIONS

TISCH HALL40 WEST FOURTH STREET

NEW YORK, NEW YORK 10012

N E W Y O R K U N I V E R S I T Y B U L L E T I N 2 0 0 8 - 2 0 1 0

Notice: The policies, requirements, course offerings, schedules, activities, tuition, fees, and calendar of the school andits departments and programs set forth in this bulletin are subject to change without notice at any time at the solediscretion of the administration. Such changes may be of any nature, including, but not limited to, the elimination ofthe school or college, programs, classes, or activities; the relocation of or modification of the content of any of the fore-going; and the cancellation of scheduled classes or other academic activities.

Payment of tuition or attendance at any classes shall constitute a student’s acceptance of the administration’srights as set forth in the above paragraph.

N E W Y O R K U N I V E R S I T Y 2

An Introduction to New York University . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3Leonard N. Stern School of Business: The Undergraduate College . . . . . . . . . . . . .9Calendar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11Bachelor of Science Degree Program . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13Academic Departments, Programs, and Initiatives

Accounting, Taxation, and Business Law . . . . . . . . . . . . . . . . . . . . . . . . . .20Economics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24Entertainment, Media, and Technology Specialization . . . . . . . . . . . . . . . . .30Entrepreneurship Specialization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .31Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .32Information Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .35International Business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37Management and Organizations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .39Marketing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .42Statistics and Actuarial Science . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .45

Multidisciplinary Courses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .48Cross-School Minors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50

Advanced Mathematical Methods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .50Business of Entertainment, Media, and Technology . . . . . . . . . . . . . . . . . . . .51Public Policy and Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .52

Faculty of the Leonard N. Stern School of Business . . . . . . . . . . . . . . . . . . . . . .53Admission . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .61Tuition, Fees, and Financial Aid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .67Academic Advising, Registration, and Policies and Procedures . . . . . . . . . . . . . .73Scholastic Achievement and Other Awards . . . . . . . . . . . . . . . . . . . . . . . . . . . .83Student Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .85Community Service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .89Map . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .90Travel Directions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .92Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .93

TABLE OF

Contents


he founding ofNew York Uni-versity in 1831 bya group of emi-

nent private citizens was a his-toric event in Americaneducation. In the early 19thcentury, a major emphasis inhigher education was on themastery of Greek and Latin,with little attention given tomodern or contemporary sub-jects. The founders of NewYork University intended toenlarge the scope of highereducation to meet the needs ofpersons aspiring to careers inbusiness, industry, science, andthe arts, as well as in law, med-icine, and the ministry. Theopening of the University ofLondon in 1828 convincedNew Yorkers that New York,too, should have a university.

The first president of NewYork University’s governingcouncil was Albert Gallatin,former adviser to Thomas Jefferson and secretary of thetreasury in Jefferson’s cabinet.Gallatin and his cofounderssaid that the new universitywas to be a “national univer-sity” that would provide a“rational and practical educa-tion for all.”

The result of the founders’foresight is today a universitythat is recognized both nation-

ally and internationally as aleader in scholarship. Of themore than 3,000 colleges anduniversities in America, only60 institutions are members ofthe distinguished Associationof American Universities. NewYork University is one of the60. Students come to the Uni-versity from all 50 states andfrom 130 foreign countries.

The University includes 14schools and colleges at six majorcenters in Manhattan. In addi-tion, the University operates abranch campus program inRockland County at St. ThomasAquinas College. Certain University research facilities,notably the Nelson Institute ofEnvironmental Medicine, arelocated in Sterling Forest, nearTuxedo, New York. Althoughoverall the University is large,the divisions are small- to moderate-sized units—eachwith its own traditions, pro-grams, and faculty.

Enrollment in the under-graduate divisions of the University ranges between 116and 6,929. While some intro-ductory classes in some pro-grams have large numbers ofstudents, many classes aresmall. More than 2,500 coursesare offered, leading to morethan 25 different degrees.

AN INTRODUCTION TO

New York University

T FOUNDING DATES

1832College of Arts and Science

1835School of Law

1841School of Medicine

1865College of Dentistry

1886Graduate School of Arts

and Science

1890Steinhardt School

of Culture, Education, andHuman Development

1900Leonard N. Stern School

of Business

1934School of Continuing and

Professional Studies

1938Robert F. Wagner Graduate

School of Public Service

1948Post-Graduate Medical

School

1960Silver School of Social Work

1965Tisch School of the Arts

1972Gallatin School of

Individualized Study

1963Mount Sinai School of

Medicine(affiliated July 1, 1999)


The Schools and Colleges of the University

The College of Arts and Science offersthe Bachelor of Arts degree in a widerange of programs in the humanities,science, social sciences, and foreign lan-guages and literatures and, in somedepartments, the Bachelor of Sciencedegree. Joint programs of study cur-rently involve NYU’s Robert F.Wagner Graduate School of PublicService; Graduate School of Arts andScience; Steinhardt School of Culture,Education, and Human Development;Silver School of Social Work; School ofMedicine; and College of Dentistry, aswell as Stevens Institute of Technology.

The School of Law is one of the oldestlaw schools in the United States. Itoffers a comprehensive first profes-sional program leading to the degreeof Juris Doctor and a graduate cur-riculum leading to the degrees ofMaster of Laws and Doctor ofJuridical Science. The law school is aleader in providing scholarships topromising students, recruiting topfaculty, and improving tuition subsi-dies and loan forgiveness programs.The School of Law regularly postsrecent graduates to the U.S. SupremeCourt for the highly coveted clerk-ships. The Root-Tilden-Kern scholar-ship program has produced more than800 of the finest public service leadersin the country. Each year, some of theworld’s top foreign lawyers visit toteach at the Hauser Global LawSchool, founded in 1995. An extraor-dinarily wide range of course offer-ings, research centers, colloquia, andspecial programs is made available tostudents. Policy makers and practi-tioners regularly converge onWashington Square South to explorecritical issues in the law.

The School of Medicine and Post-Graduate Medical School offer theDoctor of Medicine and Doctor ofPhilosophy degrees and courses foraccreditation designed to meet theneeds of physician-scientists andphysicians in practice. Much of theclinical teaching takes place at the809-bed Bellevue Hospital Center,where the School of Medicine super-vises care. Medical students and resi-dents also gain important clinicalexperience through the NYUHospitals Center, which includes the705-bed Tisch Hospital and the 174-bed Rusk Institute of RehabilitationMedicine. The School also maintainsaffiliations with select institutions fora variety of joint academic and clini-cal programs. Affiliated hospitalsinclude the NYU Hospital for JointDiseases Orthopaedic Institute; theDepartment of Veterans Affairs NewYork Harbor Health Care System;

Jamaica Hospital Medical Center;North Shore-Long Island JewishHealth System; Manhattan Eye, Ear,and Throat Hospital; GouverneurHospital; and Lenox Hill Hospital.The School is renowned for the excel-lence of its basic and clinical scienceenterprises as well as its clinical carethrough its family group practices.

The College of Dentistry is the thirdoldest and the largest private dentalschool in the United States. It offers apredoctoral program leading to theDoctor of Dental Surgery degree, aswell as advanced education programsin the dental specialties and an alliedhealth program in dental hygiene. Thepatient care clinics, laboratories, andother teaching facilities that comprisethe College of Dentistry are housedwithin several buildings, including theArnold and Marie Schwartz Hall ofDental Sciences and the K. B.Weissman Clinical Science Building.The center is located on First Avenue,from East 24th Street to East 25thStreet, in the midst of one of thenation’s most renowned health sciencescomplexes, which extends from East14th Street to East 34th Street.Located within the College ofDentistry is the College of Nursing,one of the top programs in the country.Graduates assume positions in leadinghealth care institutions and universi-ties and practice in areas includingacute care, community health care,pediatrics, geriatrics, mental health,and emergency care. The College offersB.S., M.S., and Ph.D. degree pro-grams. A B.S./M.S. dual-degree pro-gram and the M.S./M.S. joint-degreeprogram with the Robert F. WagnerGraduate School of Public Service arealso available.

The Graduate School of Arts andScience offers the degrees of Master ofArts, Master of Science, Master ofFine Arts, and Doctor of Philosophyin most areas of the humanities, socialsciences, and natural sciences. Severalcertificate programs are also offered.The NYU in Paris and NYU inMadrid M.A. programs are based incenters in Paris and Madrid. Dual-degree programs of study currentlyinvolve the School of Law, the Schoolof Medicine, the Leonard N. SternSchool of Business, and the Robert F.Wagner Graduate School of PublicService. Courses are offered in the lateafternoon and evening as well as dur-ing the day.

The Steinhardt School of Culture,Education, and HumanDevelopment offers a broad range ofinnovative undergraduate preprofes-

sional and professional programs andadvanced graduate study in appliedpsychology, art, communication, edu-cation, health, and music. Under-graduate programs lead to theBachelor of Science, Bachelor ofMusic, or Bachelor of Fine Artsdegree and combine a solid founda-tion in the liberal arts with special-ized course work and fieldwork,clinical practice, or internships in awide variety of settings throughoutNew York City. Graduate studentsmay enroll in master’s, advanced cer-tificate, and doctoral programs in awide variety of disciplines. Coursesare given weekdays, evenings, week-ends, and summers to full-time, part-time, and special students. Studyabroad is available for undergraduatesduring the academic year and forgraduate students during the summerand January intersession. Appliedresearch opportunities abound for allstudents.

The Leonard N. Stern School ofBusiness is located in a three-build-ing complex that comprises Tisch andShimkin Halls and the HenryKaufman Management Center. TheWashington Square complex is adja-cent to the University’s renownedElmer Holmes Bobst Library. TheStern School offers B.S., M.B.A., andPh.D. degrees. Students may special-ize in accounting; economics; finance;information systems; internationalbusiness; management; marketing;operations management; statistics;and actuarial science. Joint graduate-level programs are offered with theSchool of Law, the Robert F. WagnerGraduate School of Public Service,and the Graduate School of Arts andScience. Enrollment in the graduateprogram may be full or part time.

The Undergraduate College of theStern School of Business administersthe undergraduate business program.This program offers an innovativecurriculum that integrates liberal arts studies with business studies.Through this course of study, stu-dents are exposed to the internationaldimensions of business; developstrong interpersonal and team-build-ing skills; gain a sense of professionalresponsibility; and undertake cross-disciplinary course work while retaining a strong individualizedcomponent through elective coursework. The undergraduate curriculumis a full-time course of study.


The School of Continuing andProfessional Studies (SCPS) has forover 70 years provided courses andprofessional credentials to meet thecultural and career needs of today’sadult population. SCPS offers approx-imately 2,000 noncredit classes eachsemester in business and marketing;entertainment, technology, and digi-tal arts; international studies; realestate and construction; hospitality;philanthropy; the creative arts; andmore. SCPS also offers credit-bearingprograms, including associate’s andbachelor’s degrees geared towardadults returning to college. For pro-fessionals seeking career advancementin specific industries, SCPS offers 13Master of Science degree programs.Flexible scheduling, convenient classlocations, and online offeringsthrough the Virtual College™ drawthousands of adult students to SCPSevery semester.

The Robert F. Wagner GraduateSchool of Public Service offersadvanced programs leading to theprofessional degrees of Master ofPublic Administration, Master ofUrban Planning, Master of Science inmanagement, and Doctor ofPhilosophy. Through these rigorousprograms, NYU Wagner educates thefuture leaders of public, nonprofit,and health institutions as well as pri-vate organizations serving the publicsector. Dual-degree programs are alsoavailable with the College of Arts andScience, the Graduate School of Artsand Science, the School of Law, theSchool of Medicine, the College ofNursing, the Silver School of SocialWork, and the Leonard N. SternSchool of Business. NYU Wagnertakes a broad-based, interdisciplinaryapproach to public service educationthat recognizes the importance of across-sector perspective and values

both theory and practice. Courses forfull-time and part-time students areoffered in the late afternoon andevening and on Saturdays.

The Silver School of Social Workoffers Bachelor of Science, Master ofSocial Work, and Doctor ofPhilosophy degrees. The bachelor’sprogram, which consists of both a lib-eral arts foundation and direct profes-sional training, prepares students forbeginning social work practice imme-diately on graduation and for admis-sion to graduate programs withadvanced standing. The master’s pro-gram prepares students for the coremission of social work through inten-sive training in relationship-basedpractices with individuals, groups,and families and provides anadvanced concentration in clinicalsocial work. The doctoral programoffers a concentration in clinical socialwork, preparing graduates to assumeleadership positions as researchers,advanced practitioners, and educators.The Master of Social Work Programis offered at St. Thomas AquinasCollege in Rockland County, as wellas at the Washington Square campus.First-year master’s courses are offeredat the College of Staten Island and atSarah Lawrence College in Bronxville,Westchester County.

The Tisch School of the Arts, foundedin 1965, provides undergraduate andgraduate training in aspects of theperforming and visual arts.Departments and programs offeringprofessional training are acting,dance, design, drama, performancestudies, film and television, cinemastudies, photography and imaging,dramatic writing, musical theatrewriting, recorded music, and interac-tive telecommunications. Degreesoffered are the B.A., B.F.A., M.F.A.,

M.P.S., M.A. (moving image archiv-ing and preservation), and, throughthe Graduate School of Arts andScience, the M.A. (performance stud-ies or cinema studies) and Ph.D.

The Gallatin School ofIndividualized Study offers Bachelorof Arts and Master of Arts degrees inindividualized programs of study.Gallatin provides an innovative andstudent-centered liberal arts educa-tion in which students create andhone their own plans of study underthe mentorship of faculty advisers.The Gallatin model encourages stu-dents to integrate their studies in tra-ditional disciplines and professions bycombining Gallatin course work withindependent studies, internships, andcourses at other schools within NYU.Gallatin’s interdisciplinary coursesfocus on significant texts from aroundthe world and engage students withmajor historical and philosophicaltraditions. Programs in the arts, writ-ing, and community learning offerstudents opportunities to utilize NewYork City as their extended classroomand to explore the relationshipbetween theory and practice as theydevelop their capacity for criticalthinking, effective communication,and creative work.

The Mount Sinai School of Medicineoffers the M.D. and Ph.D. degrees inaddition to a combined M.D.-Ph.D.program in a rigorous intellectualenvironment focused on collaborationbetween faculty and students. TheSchool is committed to training students to be not only outstandingclinicians and scientists but also com-passionate individuals who serve sci-ence and society. The School, foundedin 1963, became affiliated with NewYork University on July 1, 1999.

New York University and New York

NEW YORK UNIVERSITYLIBRARIESThe striking, 12-story Elmer HolmesBobst Library, designed by PhilipJohnson and Richard Foster, is theflagship of an nine-library, 5.1 mil-lion-volume system that provides stu-dents and faculty members withaccess to the world’s scholarship andserves as a center for the Universitycommunity’s intellectual life. Locatedon Washington Square, the BobstLibrary houses more than 3.9 millionvolumes, 41 thousand journal subscriptions, and over 5 millionmicroforms and provides access tothousands of electronic resources bothon site and to the NYU communityaround the world via the Internet.The library is visited by more than

6,800 users per day, and almost onemillion books circulate annually.

Bobst Library offers three special-ized reference centers, 28 miles ofopen-stack shelving, and more than2,000 seats for study. The stacks areopen until midnight. The newly renovated Brine Library Commons,located on the two lower levels, pro-vides students with wireless access,computer workstations, three com-puter classrooms, group and individ-ual study spaces, and 24-hour accessfor study.

The Avery Fisher Center for Musicand Media, one of the world’s largestacademic media centers, has over 100audio and video viewing carrels andthree media-enhanced classrooms;students and researchers use more

than 95,000 audio and video record-ings per year. The Digital Studiooffers a constantly evolving, leading-edge resource for faculty and studentprojects and promotes and supportsaccess to digital resources for teach-ing, learning, research, and artsevents.

Bobst Library is also home to sig-nificant special collections such as theFales Collection of English andAmerican Literature, one of the bestcollections of English and Americanfiction in the United States. Falescontains the unique DowntownCollection, archives documenting thedowntown New York literary and artsscene from the 1970s to the present,focusing on the developments of post-modern writing and dance, perform-


ance art, outsider art, and the down-town music scene. Bobst Libraryhouses the Tamiment Library, one ofthe finest collections in the world forscholarly research in labor history,socialism, anarchism, communism,and American radicalism. Tamimentincludes the Robert F. Wagner LaborArchives, which holds the JewishLabor Committee Archives and thehistorical records of more than 130New York City labor organizations.

The library supports studentsthroughout all phases of their univer-sity study and research, includinginstructional sessions, term paperclinics, and online tutorials. Subjectspecialist librarians work directlywith students, at the reference centersand by appointment, to assist withspecific research needs. Digital libraryservices continue to expand, provid-ing students and faculty with libraryaccess anywhere any time, whether oncampus or off site. In addition to e-journals and other electronicresources, the library offers e-mail reference service, electronic reserves,and streaming audio services.

Beyond Bobst, the library of therenowned Courant Institute ofMathematical Sciences focuses onresearch-level material in mathemat-ics, computer science, and relatedfields, and the Stephen Chan Libraryof Fine Arts at the Institute of FineArts houses the rich collections thatsupport the research and curricularneeds of the institute’s graduate pro-grams in art history and archaeology.The Jack Brause Real Estate Libraryat the Real Estate Institute is themost comprehensive facility of itskind, designed to meet the informa-tion needs of the entire real estatecommunity. The library for theInstitute for the Study of the AncientWorld opened in fall 2008.

Complementing the collections ofthe Division of Libraries are theFrederick L. Ehrman Medical Libraryof NYU’s School of Medicine and theDental Center’s Waldman MemorialLibrary. The Law Library serves theprograms of the School of Law and isstrong in a variety of areas, includinglegal history, biography, jurispru-dence, and copyright, taxation, crimi-nal, labor, business, and internationallaw as well as such legal specialties asurban affairs, poverty law, and con-sumerism.

The extraordinary growth of theUniversity’s academic programs inrecent years, along with the rapidexpansion of electronic informationresources, has provided an impetus fornew development in NYU’s librariesand they continue to enhance theirservices for NYU students and facultyand to strengthen research collections.

The Grey Art Gallery, theUniversity’s fine arts museum, pres-ents three to four innovative exhibi-tions each year that encompass allaspects of the visual arts: paintingand sculpture, prints and drawings,photography, architecture and decora-tive arts, video, film, and perform-ance. The gallery also sponsorslectures, seminars, symposia, and filmseries in conjunction with its exhibi-tions. Admission to the gallery is freefor NYU staff, faculty, and students.

The New York University ArtCollection, founded in 1958, consistsof more than 5,000 works in a widerange of media. The collection iscomprised primarily of late-19th-century and 20th-century works; itsparticular strengths are Americanpainting from the 1940s to the present and 20th-century Europeanprints. A unique segment of theNYU Art Collection is the AbbyWeed Grey Collection ofContemporary Asian and MiddleEastern Art, which totals some 1,000works in various media representingcountries from Turkey to Japan.

THE LARGER CAMPUSNew York University is an integralpart of the metropolitan communityof New York City—the business, cul-tural, artistic, and financial center ofthe nation and the home of theUnited Nations. The city’s extraordi-nary resources enrich both the aca-demic programs and the experience ofliving at New York University.

Professors whose extracurricularactivities include service as editors forpublishing houses and magazines; asadvisers to city government, banks,school systems, and social agencies;and as consultants for museums andindustrial corporations bring toteaching an experience of the worldand a professional sophistication thatare difficult to match.

Students also, either throughcourse work or in outside activities,tend to be involved in the vigorousand varied life of the city. Researchfor term papers in the humanities andsocial sciences may take them to suchdiverse places as the AmericanMuseum of Natural History, theMuseum of Modern Art, a garmentfactory, a deteriorating neighborhood,or a foreign consulate.

Students in science work withtheir professors on such problems ofimmediate importance for urban society as the pollution of waterwaysand the congestion of city streets.Business majors attend seminars incorporation boardrooms and intern asexecutive assistants in business andfinancial houses. The schools, courts,hospitals, settlement houses, theatres,

playgrounds, and prisons of the great-est city in the world form a regularpart of the educational scene for stu-dents of medicine, dentistry, educa-tion, social work, law, business andpublic administration, and the cre-ative and performing arts.

The chief center for undergraduateand graduate study is at WashingtonSquare in Greenwich Village, longfamous for its contributions to thefine arts, literature, and drama and itspersonalized, smaller-scale, Europeanstyle of living. New York Universityitself makes a significant contributionto the creative activity of the Villagethrough the high concentration offaculty and students who residewithin a few blocks of the University.

University apartment buildingsprovide housing for nearly 2,000members of the faculty and adminis-tration, and University student resi-dence halls accommodate over 11,500men and women. Many more facultyand students reside in private housingin the area.

A PRIVATE UNIVERSITY Since its founding, New YorkUniversity has been a private univer-sity. It operates under a board oftrustees and derives its income fromtuition, endowment, grants from pri-vate foundations and government,and gifts from friends, alumni, corpo-rations, and other private philan-thropic sources.

The University is committed to apolicy of equal treatment and oppor-tunity in every aspect of its relationswith its faculty, students, and staffmembers, without regard to race,color, religion, sex, sexual orientation,gender and/or gender identity orexpression, marital or parental status,national origin, ethnicity, citizenshipstatus, veteran or military status, age,disability, and any other legally pro-tected basis.

Inquiries regarding the applica-tion of the federal laws and regula-tions concerning affirmative actionand antidiscrimination policies andprocedures at New York Universitymay be referred to e. Frances White,Vice Provost for Faculty Affairs, NewYork University, Elmer HolmesBobst Library, 70 Washington SquareSouth, New York, NY 10012-1091,telephone 212-998-2370, for faculty;to Josephine Katcher, Senior Directorof the Office of Employee Relations,New York University, 7 East 12thStreet, New York, NY 10003-4475,telephone 212-998-1242, foremployees; and to Thomas Grace,Director of Judicial Affairs and TitleIX and VI Officer and Section 504Coordinator, Office of the VicePresident for Student Affairs, New


York University, 60 WashingtonSquare South, Suite 601, New York,NY 10012-1019, telephone 212-998-4403, for students. Inquiriesmay also be referred to the director ofthe Office of Federal ContractCompliance, U.S. Department ofLabor.

New York University is a memberof the Association of AmericanUniversities and is accredited by theMiddle States Association of Collegesand Schools (Commission on HigherEducation of the Middle StatesAssociation of Colleges and Schools,3624 Market Street, Philadelphia, PA

19104; 215-662-5606). Individualundergraduate, graduate, and profes-sional programs and schools areaccredited by the appropriate special-ized accrediting agencies.

University Administration

John Sexton, B.A., M.A., Ph.D.,J.D., President

David W. McLaughlin, B.S., M.S.,Ph.D., Provost

Michael C. Alfano, D.M.D., Ph.D.,Executive Vice President

Robert Berne, B.S., M.B.A., Ph.D.,Senior Vice President for Health

Richard Foley, B.A., M.A., Ph.D.,Chair, Faculty Advisory Committee onAcademic Priorities; Anne and JoelEhrenkranz Dean, Faculty of Arts andScience

Cheryl Mills, B.A., J.D., Senior VicePresident and Secretary of the University

Diane C. Yu, B.A., J.D., Chief ofStaff and Deputy to the President

Jess Benhabib, B.A., M.Phil.,Ph.D., Senior Vice Provost for Planning

Lynne P. Brown, B.A., M.A., Ph.D.,Senior Vice President for UniversityRelations and Public Affairs

Martin S. Dorph, B.S., M.B.A.,J.D., Senior Vice President for Financeand Budget

Norman Dorsen, B.A., LL.B.,Counselor to the President

Pierre C. Hohenberg, B.A., M.A.,Ph.D., Senior Vice Provost for Research

Debra A. LaMorte, B.A., J.D., SeniorVice President for Development andAlumni Relations

Alison Leary, B.S., Senior VicePresident for Operations

Linda G. Mills, B.A., J.D., M.S.W.,Ph.D., Senior Vice Provost forUndergraduate Education and UniversityLife

Dianne Rekow, B.S., B.S.M.E.,M.B.A., M.S.M.E., D.D.S., Ph.D.,Senior Vice Provost for Engineering andTechnology

Jeannemarie Smith, B.A., M.B.A.,Senior Vice President for UniversityInternational Strategies

e. Frances White, B.A., M.A.,Ph.D., Vice Provost for Faculty Affairs

Ulrich Baer, B.A., Ph.D., Vice Provostfor Globalization and MulticulturalAffairs

John Beckman, B.A., Vice Presidentfor Public Affairs

Richard N. Bing, B.A., M.A.,Ph.D., Vice President for Public ResourceAdministration and Development

Paul Boghossian, B.Sc., Ph.D.,Provost Fellow

Catherine Casey, B.S., Vice Presidentfor Human Resources

Catherine DeLong, B.S.; C.P.A.,Associate Provost for Academic FinancialPlanning and Fiscal Affairs

Steven Donofrio, B.S., M.B.A., VicePresident for Administration and Chief ofStaff to the Executive Vice President

Katherine Fleming, B.A., M.A.,Ph.D., Vice Chancellor, Europe

Barbara F. Hall, B.A., AssociateProvost for Enrollment Management

Alicia D. Hurley, B.A., M.A.,Ph.D., Vice President for GovernmentAffairs and Community Engagement

Anthony P. Jiga, B.A., M.P.P., VicePresident for Budget and Planning

Robert S. Kivetz, B.A., M.S., Ph.D.,Vice President for Campus Services

Rosemarie A. Loffredo, B.S., M.A.,M.B.A., Vice President for FinancialOperations and Treasurer

Jules Martin, B.S., M.P.A., J.D., VicePresident for Global Security and CrisisManagement

Marilyn McMillan, B.A., AssociateProvost and Chief Information TechnologyOfficer

Carol Morrow, B.A., M.A., Ph.D.,Associate Provost for Academic OperationsPlanning

Charles P. Mullen, B.B.A., M.B.A.,Treasurer (through December 31, 2008)

Terrance Nolan, B.A., J.D., LL.M.,Acting General Counsel

Carolyn Sargent, B.A., M.A., VicePresident for Faculty Housing

Jane Tylus, B.A., Ph.D., Vice Provostfor Academic Affairs

Marc L. Wais, B.S., M.B.A., M.A.,Ed.D., Vice President for Student Affairs

Mariët Westermann, B.A., M.A.,Ph.D., Vice Chancellor for RegionalCampus Development

DEANS AND DIRECTORSRoger Bagnall, B.A., M.A., Ph.D.,Director, Institute for the Study of theAncient World

Charles N. Bertolami, D.D.S.,D.Med.Sc., Herman Robert Fox Dean,College of Dentistry

Sally E. Blount-Lyon, B.S.E., M.S.,Ph.D., Dean, Undergraduate College;Vice Dean, Leonard N. Stern School ofBusiness

Mary M. Brabeck, B.A., M.S.,Ph.D., Dean, Steinhardt School ofCulture, Education, and HumanDevelopment

Mary Schmidt Campbell, B.A.,M.A., Ph.D.; hon.: D.F.A., D.H.L.,Ph.D., Dean, Tisch School of the Arts

Dennis S. Charney, B.A., M.D.,Dean, Mount Sinai School of Medicine(affiliated)

Dalton Conley, B.A., M.P.A., Ph.D.,Dean for Social Sciences, Faculty of Artsand Science

Thomas F. Cooley, B.S., M.A.,Ph.D., Dean, Leonard N. Stern School ofBusiness

Suzanne England, B.S., M.S.W.,Ph.D., M.B.A., Dean, Silver School ofSocial Work

Richard Foley, B.A., M.A., Ph.D.,Anne and Joel Ehrenkranz Dean, Facultyof Arts and Science

Leslie Greengard, B.A., M.D./Ph.D., Director, Courant Institute ofMathematical Sciences

Robert I. Grossman, B.S., M.D.,Saul J. Farber Dean, New YorkUniversity School of Medicine and Post-Graduate Medical School

Robert S. Lapiner, B.A., M.A.,Ph.D., Dean, School of Continuing andProfessional Studies

Carol A. Mandel, B.A., M.A.,M.S.L.S., Dean of Libraries

Michele D. Marincola, B.A., M.A.,Interim Director, Institute of Fine Arts

Richard L. Revesz, B.S.E., M.S.,J.D., Dean, School of Law


Matthew S. Santirocco, B.A.; M.A.[Cantab.], M.Phil., Ph.D., SerylKushner Dean, College of Arts andScience; Associate Provost forUndergraduate Academic Affairs

Ellen Schall, B.A., J.D., Dean, RobertF. Wagner Graduate School of PublicService

Daniel L. Stein, B.S., M.S., Ph.D.,Dean for Science, Faculty of Arts andScience

Catharine R. Stimpson, B.A.; B.A.,M.A. [Cantab.], Ph.D.; hon.: D.H.L.,Hum.D., Litt.D., LL.D., Dean,Graduate School of Arts and Science

Edward J. Sullivan, B.A., M.A.,Ph.D., Dean for Humanities, Faculty ofArts and Science

Susanne L. Wofford, B.A.; B.Phil.[Oxon.], Ph.D., Dean, Gallatin Schoolof Individualized Study

Board of Trustees

Martin Lipton, B.S. in Econ., LL.B.,Chair

Ronald D. Abramson, B.A., J.D.;hon: D.F.A.

Phyllis Putter Barasch, B.S., M.A.,M.B.A.

Maria Bartiromo, B.A.

Marc H. Bell, B.S., M.S.

William R. Berkley, B.S., M.B.A.

Daniel J. Brodsky, B.A., M.U.P.

Arthur L. Carter, B.A., M.B.A.

Evan R. Chesler, B.A., J.D.

Michael R. Cunningham, B.B.A.,M.A., Ph.D.

Florence A. Davis, B.A., J.D.

Barry Diller

Joel S. Ehrenkranz, B.S., M.B.A.,LL.B., LL.M.

Laurence D. Fink, B.A., M.B.A.

Jay M. Furman, B.S., J.D.

H. Dale Hemmerdinger, B.A.

Charles J. Hinkaty, B.S., M.S.

Mitchell Jacobson, B.A., J.D.

Richard D. Katcher, B.A., LL.B.

Richard Jay Kogan, B.A., M.B.A.

Jerry H. Labowitz, B.A.

Kenneth G. Langone, B.A., M.B.A.

Jeffrey H. Lynford, B.A., M.P.A., J.D.

Donald B. Marron

Constance J. Milstein, B.A., J.D.

Khaldoon Khalifa Al Mubarak

Brooke Garber Neidich, B.A.

David C. Oxman, B.A., LL.B.

Catherine B. Reynolds, B.A.

Courtney Sale Ross, B.A.

William C. Rudin, B.S.

John Sexton, B.A., M.A., Ph.D.,J.D.

Constance Silver, B.S., M.S.W.,Ph.D.

Lisa Silverstein, B.A.

Joel E. Smilow, B.A., M.B.A.

Jay Stein

Joseph S. Steinberg, B.A., M.B.A.

Judy Steinhardt, B.A., Ed.M.

Michael H. Steinhardt, B.S.

Daniel R. Tisch

John L. Vogelstein

Casey Wasserman, B.S.

Anthony Welters, B.A., J.D.

Shelby White, B.A., M.A.

Leonard A. Wilf, B.A., J.D., LL.M.(in Taxation)

William D. Zabel, B.A., LL.B.

LIFE TRUSTEES Diane Belfer

Mamdouha Bobst, B.A., M.A.,M.P.H.; hon.: L.H.D.

John Brademas (PresidentEmeritus), B.A.; D.Phil. [Oxon.];hon.: D.C.L, L.H.D., Litt.D., LL.D.

Geraldine H. Coles

John J. Creedon, B.S., LL.B., LL.M.

Maurice R. Greenberg, LL.B.; hon.:J.D., LL.D.

Henry Kaufman, B.A., M.S., Ph.D.;hon.: L.H.D., LL.D.

Helen L. Kimmel, B.A.

Thomas S. Murphy, B.S.M.E.,M.B.A.

L. Jay Oliva (President Emeritus),B.A., M.A., Ph.D.; hon.: D.H.L.,Litt.D., LL.D., Ph.D.

Herbert M. Paul, B.B.A., M.B.A.,J.D., LL.M.

Lester Pollack, B.S., LL.B.

E. John Rosenwald, Jr., B.A.,M.B.A.

William R. Salomon

Marie Schwartz

Larry A. Silverstein, B.A., LL.B.

Sheldon H. Solow

Henry Taub, B.S.

Lillian Vernon

Robert F. Wright, B.A., M.B.A.

Baroness Mariuccia Zerilli-Marimò

TRUSTEE ASSOCIATESBruce Berger, B.S.

Leonard Boxer, B.S., LL.B.

Jane Eisner Bram, B.A., M.S.W.,Ph.D.

Betty Weinberg Ellerin, B.A., J.D.

Norman Goodman, B.A., J.D.

Marvin Leffler, B.S., M.B.A.

s the 19th cen-tury drew to aclose, businesswas growing in

complexity, and the need formore sophisticated and scien-tific approaches to it was evi-dent. Yet, there was littleopportunity to study businessat America’s universities. In1899, representatives of theNew York State Society ofCertified Public Accountantsand New York Universitycame together to plan a newschool—one of the first of itskind—to offer professionaltraining for young people in the business world. TheNYU School of Commerce,Accounts, and Finance wasfounded in 1900 with CharlesWaldo Haskins as its firstdean. By the end of theSchool’s first decade, signifi-cant demand had arisen forgraduate courses. In 1916, theGraduate School of BusinessAdministration was launchedat the School’s satellite divi-sion near Wall Street.

From the start, the Schoolof Commerce took the lead informulating objective schol-arly standards of academicexcellence. In doing so, itbecame a charter member ofthe American Assembly ofCollegiate Schools of Business

(AACSB), and was also thefirst school to award the Bachelor of Science degreethat included a solid ground-ing in the liberal arts and sciences.

In the mid-1980s, the College and the graduateschool received a major giftfrom alumnus Leonard N.Stern, chairman and chiefexecutive officer of the HartzGroup, Inc., which allowedthe School to consolidate its facilities at NYU’s Washington Square campus.In recognition of Mr. Stern’sgenerosity, the schools wereunified under the name theLeonard N. Stern School ofBusiness.

Now, more than 20 yearslater, the challenges facingbusiness leaders continue togrow in scope and complexityamid unprecedented rates oftechnological and socialchange. In response, the SternSchool perseveres as an innova-tor while remaining commit-ted to the principle of anintegrated four-year curricu-lum, combining a first-ratebusiness education with abroad-based liberal arts foun-dation. Engagement in NYU’sCollege of Arts and Sciencecontinues to be a cornerstoneof the undergraduate

experience, as does a rigorousand challenging analyticalapproach to study of the busi-ness enterprise.

At the Stern UndergraduateCollege, our vision is to build,educate, and inspire a commu-nity of socially engaged, intel-lectually vibrant, globalleaders and thinkers. As part of this vision, the Undergradu-ate College abides by a set ofguiding educational principlesthat play an integral role inhelping the School achieve itsacademic mission. They are to • Achieve proficiency—by

instilling professional levelsof competence in the corefunctions of business

• Encourage intellectualism—by inspiring intellectualcuriosity, high levels ofintellectual engagement,and open mindedness tonew ideas and alternativepoints of view

• Foster collaboration—bydeveloping the skills neededto thrive in groups, organi-zations, and communities

• Promote an awareness ofsocial impact—by providingopportunities for discussionand reflection and frame-works for understanding therole of business within ourglobal society

L E O N A R D N . S T E R N S C H O O L O F B U S I N E S S 9

Leonard N. Stern School of BusinessTHE UNDERGRADUATE COLLEGE

A

L E O N A R D N . S T E R N S C H O O L O F B U S I N E S S 10

College Administration

Office of the DeanTisch Hall, Suite 60040 West Fourth Street 212-998-0921Web site: www.stern.nyu.edu

Sally Blount-Lyon, B.S.E., M.S.,Ph.D., Abraham L. Gitlow Professor ofManagement and Organizations; Dean ofthe Undergraduate College and Vice Deanof the Leonard N. Stern School of Business

Susan Greenbaum, B.S., M.B.A.,Ed.D., Associate Dean of theUndergraduate College, Leonard N. SternSchool of Business

Office of Academic AdvisingTisch Hall, Suite 61640 West Fourth Street 212-998-4020

Office of International ProgramsTisch Hall, Suite 20340 West Fourth Street 212-998-0277

Office of Student LifeTisch Hall, Suite 20340 West Fourth Street 212-998-0277

Accreditation The Undergraduate College of theLeonard N. Stern School of Businessis accredited by the AmericanAssembly of Collegiate Schools of

Business (AACSB). The College isalso accredited separately by AACSBfor its accounting programs of study.

C A L E N D A R 11

CalendarAcademic Year and Summer 2008-2010(All dates are inclusive)

2008 2008 Summer Session I Monday-Friday May 19-June 27

Memorial Day: Holiday Monday May 26

2008 Summer Session II Monday-Friday June 30-August 8

Independence Day: Holiday Friday July 4

Labor Day: Holiday Monday September 1

Fall Classes Begin Tuesday September 2

No Classes Scheduled Monday-Tuesday October 13-14

Last Day for Withdrawing from a Course Monday November 3

Legislative Day Wednesday November 26 (classes meet on a Monday schedule)

Thanksgiving Recess Thursday-Saturday November 27-29

Last Day of Classes Thursday December 11

Reading Day Friday December 12

Fall Semester Exams Monday-Friday December 15-19

Winter Recess Saturday-Saturday December 20-January 17

2009 Winter Session Monday-Sunday January 5-18

Martin Luther King Day: Holiday Monday January 19

Spring Classes Begin Tuesday January 20

Presidents’ Day: Holiday Monday February 16

Spring Recess Monday-Saturday March 16-21

Last Day for Withdrawing from a Course Monday March 30

Last Day of Classes Monday May 4

Reading Day Tuesday May 5

Spring Semester Exams Wednesday-Wednesday May 6-13

Commencement Thursday May 14

2009 Summer Session I Monday-Friday May 18-June 26



Independence Day: Holiday Friday July 3



Last Day for Withdrawing from a Course Monday November 9


Legislative Day Tuesday December 15 (classes meet on a Thursday schedule)

C A L E N D A R 12

Last Day of Classes Tuesday December 15

Reading Day Wednesday December 16

Fall Semester Exams Thursday-Wednesday December 17-23

Winter Recess Thursday-Saturday December 24-January 16

2010 Winter Session Monday-Sunday January 4-17

Martin Luther King Day: Holiday Monday January 18

Spring Classes Begin Tuesday January 19

Presidents’ Day: Holiday Monday February 15

Spring Recess Monday-Saturday March 15-20

Last Day for Withdrawing from a Course Monday March 29

Legislative Day Tuesday May 4 (classes meet on a Monday schedule)

Last Day of Classes Tuesday May 4

Reading Day Wednesday May 5

Spring Semester Exams Thursday-Wednesday May 6-12

Commencement Thursday May 13

2010 Summer Session I Monday-Friday May 17-June 25



Independence Day: Holiday Monday July 5



No Classes Scheduled Monday October 11


Legislative Days Tuesday-Wednesday December 14-15 (classes meet on Thursday and Monday schedules)

Last Day of Classes Wednesday December 15

Reading Day Thursday December 16

Fall Semester Exams Friday-Thursday December 17-23

Winter Recess Friday-Monday December 24-January 17

Additional Important Calendar Dates:1. For refund schedule, see under “Refund Period Schedule” in the Tuition, Fees, and Financial Aid section of this bulletin.2. For registration and drop/add schedules, consult the Stern Office of Academic Advising, Tisch Hall, Suite 616, 40 WestFourth Street; 212-998-4020.

he Stern School ofBusiness offers aBachelor of Science degree

that combines the best of twoworlds: a broad-based liberalarts foundation paired withgraduate-caliber courses inbusiness fundamentals. Thecurriculum emphasizes aglobal perspective, socialresponsibility, and professionalethics, as well as communica-tion and interpersonal skills.

The Stern program is cross-disciplinary, integrating lib-eral arts and business courses

with Stern’s unique SocialImpact Core and InternationalStudies sequence. This curric-ular structure affords studentsa comprehensive approach tolearning and provides a foun-dation to explore a wide rangeof areas in business and liberalarts, enabling them to makeinformed decisions about theirpath of study. Students alsotake elective courses fromacross the University tobroaden their intellectualexperience. Many studentschoose to minor or pursue asecond major in the College of

Arts and Science in areas rang-ing from psychology to thefine arts, or they can choose tominor in a subject at theSteinhardt School of Culture,Education, and HumanDevelopment. Students canalso participate in one of ourmany cross-school interdisci-plinary minors or specializa-tions. To round out theireducation, students arestrongly encouraged to studyabroad through one of themany programs offeredthrough Stern and NYU.

B A C H E L O R O F S C I E N C E D E G R E E P R O G R A M 13

Bachelor of Science Degree Business Program

T

An Integrated Four-Year Curriculum

The Liberal Arts Core (8 courses)1. Expository Writing Program:

• Writing the Essay• The Advanced College Essay

2. Foundations of ContemporaryCulture:• Conversations of the West• World Cultures

3. Foundations of Scientific Inquiry:• Natural Science I, II, or a course

in biology, chemistry, physics,environmental science, or neuralscience

• Calculus I (or higher-level mathematics)

• Statistics• Introductory Economics—

Microeconomics

Business Core (9 courses)The Business Core consists of require-ments common to all Stern studentsand spans each of the fundamentalareas of business study. It is comprisedof two unique sequences: the Moneyand Markets Core and the People,Information, and Systems Core. Bothcores include global studies coursesand also encompass a student’s busi-ness major sequence.


Money and Markets Core (5 courses) This sequence is designed to educatestudents about the use of quantitativemethods to study, analyze, and solvefinancial and social allocation prob-lems—focusing on how money flowsin and across companies, markets, and economies. The courses in theMoney and Markets Core include thefollowing:

• Principles of FinancialAccounting

• Principles of ManagerialAccounting

• Foundations of Financial Markets• Introduction to Marketing• Economics of Global Business

People, Information, andSystems Core (4 courses)The People, Information, and SystemsCore is a four-course sequencedesigned to give students the knowl-edge and analytical skills needed toefficiently and effectively gather,organize, and motivate the people,information, systems, and processesneeded to make an organizationthrive. This core includes the follow-ing courses:

• Information Technology inBusiness and Society

• Management and OrganizationalAnalysis

• Competitive Advantage fromOperations

• International Studies Program

Social Impact Core (4 courses)The Social Impact Core is a four-course sequence focusing on issues ofpersonal and professional ethics; cor-porate social responsibility; the role oflaw in business and commerce; andthe interconnections between corpo-rations, markets, cultures, govern-ments, and our global society. Thefour courses include the following:

• Business and Its Publics• Organizational Communication

and Its Social Context• Law, Business, and Society• Professional Responsibility and

Leadership

International Studies Sequence(2 courses)The Stern experience is designed tobroaden each student’s view of theworld. Given the undeniably globalscope of business in the 21st century,all students are required to take atwo-course International Studiessequence. It begins in the sophomoreyear with the Economics of GlobalBusiness, a course combining thestudy of macroeconomics and interna-

tional trade. In the spring term oftheir junior year, students take theInternational Studies Program, astrategy-based course that teachesstudents how to understand the com-petitive positioning of a company inits industry, country, and interna-tional context. The course includes aone-week visit to a country in Asia,Europe, or Latin America to experi-ence the culture firsthand and to meetwith the executives of a major corpo-ration based in that country.

Cohort Leadership Project (1 course)See page 18 for full description.

University Electives (10 courses)Additional elective course work inliberal arts or business studies com-pletes a student’s degree require-ments. Stern students are required totake between 17 and 40 elective cred-its, depending on their major.* Theelective requirement allows studentsto pursue a second major, a specializa-tion at Stern, or a second major atCAS. This credit can also be fulfilledwith a minor in another school or across-school minor, or students cantake a range of courses for personalenrichment. Students also commonlyuse their elective credits while study-ing abroad.

To complete their elective require-ments, students may take courses inthe Stern School (no more than 18total credits in Stern course work canbe used to fulfill required electives);the College of Arts and Science (“V”courses); the Steinhardt School ofCulture, Education, and HumanDevelopment (“E” courses); the TischSchool of the Arts (“H” courses); theWagner Graduate School of PublicService (“P” courses); and the GallatinSchool of Individualized Studies (“K” courses). Students do not receivecredit for elective courses takenthrough the School of Continuing andProfessional Studies (“Y” courses).

MAJORS, MINORS, AND SPECIALIZATIONS Every student at Stern must selectone of the business areas as a major.Majors, with requirements andcourses, are described within the aca-demic departments’ sections of thisbulletin. Students should consultwith their academic adviser at theStern Office of Academic Advising todetermine exact course sequence andselection of electives. In addition totheir Stern major, students maydeclare two other formally recognizeddesignations: a second major or aminor in the College of Arts and

Science; a minor in the SteinhardtSchool of Culture, Education, andHuman Development or the TischSchool of the Arts; or a minor in part-nership with the Wagner GraduateSchool of Public Service, the Collegeof Arts and Science, the Tisch Schoolof the Arts, or the Steinhardt Schoolof Culture, Education, and HumanDevelopment. A maximum of threedesignations will be included on theformal NYU Stern record. However,students may also pursue a specializa-tion in Stern in addition to twomajors and one minor.

Stern major areas include• Accounting (CPA B.S./M.S. or

General Accounting)• Actuarial Science • Economics• Finance • Information Systems • International Business (comajor)• Management and Organizations • Marketing • Statistics

Second Majors at the College ofArts and Science (CAS)Stern students can major in anydepartment through CAS except eco-nomics or computer applications.Students who are interested in pursu-ing a major within CAS should meetwith their academic adviser early onto ensure that they can meet all of therequirements. Please consult theStern Web site and CAS Web site formore specific information.

Specializations at SternThese specializations may be com-pleted in addition to a Stern majorand possibly a minor. Stern specializa-tions include

• Entertainment, Media, andTechnology

• Entrepreneurship

Cross-School MinorsThese minors offer Stern students anopportunity to broaden their aca-demic interests beyond the traditionalfields. Cross-school minors allow stu-dents to sample a variety of interre-lated course work that marry some of

* Students are encouraged to consult the curricu-lum worksheet that corresponds to their primarymajor to determine their specific elective creditrequirement. Curriculum worksheets can beobtained from the Stern Office of AcademicAdvising or they can be downloaded from theStern Undergraduate College Web site atwww.stern.nyu.edu/uc/academicforms.


the most pertinent subjects fromStern and other schools at NYU. TheStern cross-school minors include

• Advanced MathematicalMethods (with CAS)

• Business of Entertainment,Media, and Technology (with theSteinhardt School of Culture,Education, and HumanDevelopment and the TischSchool of the Arts)

• Public Policy and Management(with the Wagner GraduateSchool of Public Service)

There are cross-school minors avail-able through the other undergraduatecolleges as well. Please visit www.nyu.edu/advisement/majors.minors for moreinformation on these options.

Minors Through Other NYUSchools

• College of Arts and Science(Please note: Stern students maynot declare a minor in computerapplications, economics, or journal-ism—see CAS Web site for require-ments and restrictions.)

• Steinhardt School of Culture,Education, and HumanDevelopment (See Steinhardt Web site for requirements andrestrictions)

• Tisch School of the Arts—pro-ducing minor only (See Tisch Web site for requirements andrestrictions)

THE LIBERAL ARTS CORE

Economics(4 Credits) Students are required to takeMicroeconomics in the freshman year.Students may not apply advancedstanding credit (AP, A-Levels,International Baccalaureate, etc.) towaive out of this requirement.

MicroeconomicsC30.0001 4 credits.Prerequisite: V63.0121 or equivalent(AP Calculus AB/BC scores of 4 or 5).Full course description can be found in theDepartment of Economics section (page 25).

Mathematics(4 Credits)Students are required to takeV63.0121, Calculus I, or a higher-level mathematics.

Calculus IV63.0121 4 credits.Prerequisite: V63.0009 with a grade ofC or better or equivalent; or AP CalculusAB score of 4 or better; or AP CalculusBC score of 3 or better; or SAT IMathematics 750 or higher; orACT/ACTE 34 or higher; or passingplacement examination.* Derivatives, antiderivatives, and inte-grals of functions of one real variable.Trigonometric, inverse trigonometric,logarithmic, and exponential func-tions. Applications, including graph-ing, maximizing, and minimizingfunctions. Areas and volumes.

Statistics for Business Control andRegression and Forecasting ModelsC22.0103 6 credits. Prerequisite: V63.0121.Combines both Statistics for BusinessControl (4 credits) and Regressionand Forecasting Models (2 credits)into a single 6-credit course. This 6-credit course is recommended.

or

Statistics for Business ControlC22.0001 4 credits. Prerequisite: V63.0121.Full course description can be found in theDepartment of Statistics section (page 46).

and

Regression and ForecastingModelsC22.0003 2 credits. Prerequisite: C22.0001 or equivalent.Required of students who have passed thestatistics proficiency examination.Full course description can be found in theDepartment of Statistics section (page 46).

Note: Students may choose to take the single course C22.0103, Statistics forBusiness Control and Regression andForecasting Models, or the two coursesC22.0001, Statistics for BusinessControl, and C22.0003, Regression andForecasting Models.

MORSE ACADEMIC PLAN

Expository Writing(8 Credits)Stern students are required to taketwo writing courses, one from theMorse Academic Plan (MAP) in theExpository Writing Program (EWP),and one through the Stern SocialImpact Core. International studentsmay take courses required for andlimited to qualified students forwhom English is a second language.Such students may fulfill their exposi-tory requirement by takingInternational Writing Workshop Iand II and passing the proficiencyexamination. All other students mustcomplete Writing the Essay,V40.0100, during their first year.Those placed into the Prose Writingor International Writing Workshopsequences must begin in their firstsemester and must register for theirremaining writing course(s) in thesemester(s) immediately following.For information regarding the writ-ing proficiency examination, pleasesee page 79.

Writing the EssayV40.0100 4 credits.Required of all CAS, Stern, Steinhardt,and Silver Social Work freshmen andtransfer students who have not completedan equivalent course at another college. Noexemptions.

MAJOR INDICATOR LOCATION PAGE

Accounting C10 KMC,1 Suite 10-180 20

Economics C30 KMC, Suite 7-140 24

Finance C15 KMC, Suite 9-190 32

Information Systems C20 KMC, Suite 8-160 35

International Business N/A KMC, Suite 8-85 37

Management and C50 KMC, Suite 7-150 39Organizations

Marketing C55 Tisch Hall2, 8th and 9th Floors 42

Statistics and Actuarial C22 KMC, Room 8-160 45Science

1 KMC—Henry Kaufman Management Center, 44 West Fourth Street2 Tisch Hall—40 West Fourth Street

* For more information regarding the calculusplacement examination, please see theDepartment of Mathematics Web site atwww.math.nyu.edu.


This is the foundational writing coursein expository writing. Provides instruc-tion and practice in critical reading,creative thinking, and clear writing.Provides additional instruction in ana-lyzing and interpreting written texts,the use of written texts as evidence, thedevelopment of ideas, and the writingof both exploratory and argumentativeessays. Stresses exploration, inquiry,reflection, analysis, revision, and collaborative learning.

Business and Its Publics: Inquiryand DiscourseC40.0125 4 credits.Prerequisite: V40.0100 or equivalent.The Inquiry and Discourse sessionsfollow each of the plenary sessions inthe Business and Its Publics course.The central goal of the Inquirysequence is to expand students’ viewbeyond the initial perspective that wasoffered in the plenary session. Thus,the Inquiry sequence involves dis-cussing the strengths and weaknessesof the perspective offered in the ple-nary session, readings that offer one ormore alternative perspectives, and real-life predicaments. The central goal ofthe Discourse sequence is to give stu-dents an opportunity to articulate anddefend their own personal perspectiveon the key issues and topics of thecourse. Thus, the Discourse sequencegives students an opportunity to selectissues, conduct research, evaluate anddocument sources, and present a clearand well-supported argument. Thecentral skill that is developed in boththe Inquiry and Discourse sequences iscritical thinking. Critical thinkersactively analyze information, are gen-erally skeptical of information theyreceive, and are open to challengingtheir own beliefs by investigating evidence.

Business and Its PublicsC40.0001 0 credits.This is a required plenary course forall Stern freshmen. These plenary ses-sions are designed to expose studentsto individuals who represent a dis-tinct perspective on one of the centralissues related to business and itspublics. It introduces students to themany interconnections among busi-ness, society, and the expanded rolethat companies are being asked toplay in society. This course viewsbusiness as a societal institution,dependent on other societal institu-tions while also shaping them. Anunderstanding of the issues that thisraises—about the appropriate role forbusiness and actions of those withinbusiness organizations—is indispen-sable for sorting out the questionsand challenges leaders face through-out their careers. This course consid-ers these challenges and works to

develop a philosophy of business,management, and stewardship thatwill guide students’ day-to-day deci-sion making for years to come.

International Writing Workshop I V40.0004 4 credits.Prerequisite: Expository Writing Programpermission. The first of two courses required for stu-dents for whom English is a second lan-guage. The MAP requirement for NYUundergraduates is fulfilled with thiscourse and International WritingWorkshop II. Provides instruction in critical read-ing, textual analysis, exploration ofexperience, the development of ideas,and revision. Stresses the importanceof inquiry and reflection in the use oftexts and experience as evidence foressays. Reading and writing assign-ments lead to essays in which stu-dents analyze, raise questions about,and reflect on written texts, experi-ence, and ideas in a collaborativelearning environment. Discussesappropriate conventions in Englishgrammar and style as part of instruc-tor feedback.

International Writing Workshop II V40.0009 4 credits.Prerequisite: V40.0004. The second of two courses required for stu-dents for whom English is a second lan-guage. The MAP requirement for NYUundergraduates is fulfilled with thiscourse and International WritingWorkshop I. Provides advanced instruction in ana-lyzing and interpreting written textsfrom a variety of academic disciplines,

the use of written texts as evidence,the development of ideas, and thewriting of argumentative essaysthrough a process of inquiry andreflection. Stresses analysis, revision,inquiry, and collaborative learning.Includes appropriate conventions inEnglish grammar and style as part ofinstructor feedback.

Prose Writing I V40.0005 4 credits.Corequisite: Prose Writing Workshop,E79.0631. Open only to students in theHEOP or C-Step program, for whichV40.0005, V40.0006, and passing theproficiency examination fulfill the CASexpository writing requirement. Stresses principles of organization andstandards of clarity and coherence.Students receive the practical assis-tance needed to formulate a topic,select and organize subtopics, andwrite orderly and clear expositoryessays. Effectiveness of expressionthrough the study of expository styles(narration, description, definition,causal analysis, analogy, comparison,and contrast); exposure to logicalmodes of thinking; and the writing offull-length essays in these expositorymodes. Emphasis is on developingediting skills. Essay materialaddresses a range of contemporaryand debatable issues designed topique analytical thinking.

Foundations of ContemporaryCulture(8 Credits)Students are required to take twocourses from the Morse AcademicPlan (MAP) in contemporary culture,

BACHELOR OF SCIENCE DEGREE PROGRAMS1

Program HEGIS2 Code

Accounting 0502

Actuarial Science 0507

Business Economics 0517

Business and Political Economy 2204

Economic Theory 2204

Finance 0504

Information Systems 0701

International Business (comajor only) 0513

Management and Organizational Behavior 0516

Marketing 0509

Statistics 0507

1 Registered by the New York State Education Department, Office of Higher Education andthe Professions, Cultural Education Center, Room 5B28, Albany, NY 12230; telephone:518-474-5851.2 Higher Education General Information Survey.


including Conversations of the Westand World Cultures.

Conversations of the WestV55.04XX 4 credits.Through exploration of contrastingand complementary works in thehumanities from different periods,Conversations of the West provides ahistorical, literary, and philosophicalcontext for education in the liberalarts. Students may choose from fourtracks: (1) Antiquity and the MiddleAges, (2) Antiquity and theRenaissance, (3) Antiquity and theEnlightenment, and (4) Antiquityand the 19th Century. In each case,the classes begin with works fromsome of the ancient civilizations thathave shaped the development of cul-tures in the West. Typically, theclasses have the following readings incommon: the books of Genesis andExodus from the Hebrew Scriptures;the Gospel According to Luke andActs of the Apostles from theChristian New Testament; a Platonicdialogue and a Sophoclean orEuripidean tragedy; Virgil’s Aeneid;and Augustine’s Confessions. In thesecond half of the courses, the themesand ideas emerging from these textsare followed as they are maintained,reinterpreted, or disputed by laterthinkers. Conversations of the Westcourses are not surveys but, rather,examinations of how texts influencesubsequent thinking, create tradi-tions, and reflect societal ideals. Thecourses thus aim to provide a richerunderstanding of how cultures areconstructed, modified, and repre-sented.

World CulturesV55.05XX 4 credits.The World Cultures courses intro-duce students to the ways in whichcultural traditions are created and theways in which cultures define them-selves against internal and externalalternatives. These courses introducestudents to the methods and prob-lems of cultural studies. LikeConversations of the West, WorldCultures is not intended as a set ofhistorical surveys. Each course isdesigned to examine the challenges of“translation”—of appreciating cul-tural traditions other than one’s own;to introduce students to the majortexts, artifacts, and values of anothercultural tradition; and to develop asense of the diversity and similarity ofthe ways in which people in differentcultural traditions understand, expe-rience, and imagine their lives.

Foundations of ScientificInquiry: Natural Science (4 Credits)Students choose one course from theMorse Academic Plan (MAP) NaturalScience I or II area or any course frombiology, chemistry, physics, or envi-ronmental science, provided prerequi-sites have been met. The HumanEvolution course (V14.0002) in theDepartment of Anthropology and theNeuroscience courses (V89.0024 andV89.0025) in the Department ofPsychology can also be used to fulfillthe natural science requirement.

Natural Science IScientific knowledge has its basis inour natural curiosity about the worldaround us and our place in it. Thesecourses approach the physical scienceswith the intent of asking and tryingto answer interesting questions, deal-ing with topics ranging from the ori-gin of our universe and planet to howhuman activity affects our environ-ment. Students consider the impor-tant roles played by laws of physicsand chemistry in biology, earth andenvironmental sciences, astrophysics,and cosmology and develop an under-standing of how the physical sciencesinform the natural sciences generally.Mathematics is introduced in eachcourse, with frequent applications tothe subject matter. Predictions thatcan be made only with the use ofmathematics are clearly delineated,showing the powerful role it plays inour understanding of the universe.Wherever possible, the courses relatescience to societal problems anddevelop a historical perspective.

Natural Science IIThe complexity of the biologicalrealm continues to fascinate and challenge modern scientists, who arecurrently engaged in such diversepursuits as exploring the organizationand function of the brain, recon-structing the origin of the humanspecies, linking the multiplicity ofinteractions in ecosystems, and deci-phering the influence of heredity oncomplex traits. The courses inNatural Science II take a nontradi-tional approach to the life sciences,with an emphasis on approaching sci-ence as a dynamic process of investi-gation and discovery. Each courseselects a broad theme that is at theforefront of contemporary research,and then uses specific questions andexamples to introduce students to themethodology of scientific inquiry, thecritical evaluation of results, and themathematical tools used to quantifyscientific information.

MONEY AND MARKETS COREFull course descriptions can be found incorresponding departmental sections.

Principles of Financial AccountingC10.0001 4 credits.Department of Accounting (page 21).

Principles of ManagerialAccountingC10.0002 2 credits.Department of Accounting (page 21).

Foundations of Financial MarketsC15.0002 4 credits.Department of Finance (page 32).

Introduction to MarketingC55.0001 4 credits. Department of Marketing (page 42).

Economics of Global BusinessC30.0011 4 credits.Department of Economics (page 25).

PEOPLE, INFORMATION, ANDSYSTEMS COREFull course descriptions can be found incorresponding departmental sections.

Information Technology inBusiness and Society C20.0001 4 credits.Department of Information Systems (page35).

Management and OrganizationalAnalysisC50.0001 4 credits.Department of Management (page 39).

Competitive Advantage fromOperationsC60.0001 4 credits.Prerequisites: C30.0001, C22.0103 (orC22.0001 and C22.0003), and sopho-more standing. Corequisite: C10.0002(or C10.0001 with C10.0002).Designed to give students a betterunderstanding of how firms can gaincompetitive advantage from theiroperations function. Typically thisrequires the firm to achieve, at a min-imum, cost, quality, and ecologicalparity; responsiveness and adaptabil-ity to customer needs and desires;rapid time to market; process tech-nology leadership; and sufficient andresponsive capacity. A problem-solv-ing framework is developed thatenables students to undertake mana-gerial and technical analysis thatshould result in the desired compara-tive advantage. Both service and man-ufacturing case examples are utilized.

International Studies ProgramC50.0011 3 credits.Department of Management (page 39).


SOCIAL IMPACT COREBusiness and Its PublicsC40.0001 0 credits.Full course description can be found under the Morse Academic Plan section(page 16).

Business and Its Publics: Inquiryand DiscourseC40.0125 4 credits.Full course description can be found under the Morse Academic Plan section(page 16).

Cohort Leadership ProjectC40.0009 0 credits. Graded pass/fail.Required for all freshmen.As a member of Stern’s global learn-ing community, you have a once-in-a-lifetime opportunity to find yourpassion and develop meaningful, lifelong connections with the SternUndergraduate College and yourpeers. The Cohort Leadership Project(CLP) is your first college experience,among many, in which you will learnmore about yourself, others, and therole you play in creating dynamicrelationships and strong, high-performing teams.

Through the Cohort LeadershipProject, you will

• Gain a better understanding ofyour learning and communica-tion styles and how these impactyour experiences in the classroomand with classmates.

• Develop your personal brand,while also moving from an “I”-centered perspective to the“We”-centered perspective ofStern.

• Receive guidance on how to nav-igate the NYU community withpolitical savvy and grace.

• Understand ethical decisions youwill need to make throughoutyour four years at Stern.

Organizational Communicationand Its Social ContextC40.0065 4 credits. Prerequisite: Sophomore standing.Students learn how organizationscommunicate with multiple types ofaudiences, focusing on the intercon-nections between business and soci-ety. The course uses the stakeholdermodel of the corporation to introducethe strategic implications of commu-nication for modern organizations.Students focus on strategic and tacti-cal aspects of corporate communica-tion to study and practice the ways inwhich organizations communicate totheir varied internal and externalstakeholders. Assignments developstudents’ abilities in speaking andwriting to these varied audiences,both to inform and to persuade. Thecourse emphasizes bridging theoreti-

cal fundamentals, and action learningis stressed, which includes applyingcommunication strategy to the fol-lowing:

• oral and written business assignments

• presentation delivery techniques • visual communication analysis

and practice• team communication

Please note: Contact the Department of Management Communications athttp://w4.stern.nyu.edu/mc for specificquestions and/or concerns regarding thiscourse.

Law, Business, and Society C40.0006 4 credits. Prerequisite: Junior standing.Every professional businesspersonmust be aware of how legal systemswork and affect business decisions.Furthermore, the interaction betweenlaw and business is multidimensional,involving international, ethical, andtechnological considerations. In thiscourse, students examine how keyareas of business law, including con-tracts, torts, and business organiza-tions, influence the structure ofbusiness relationships. Studentsactively participate in legal studiesdesigned to enhance business skillssuch as analytical thinking, writtencommunication, oral presentation,conflict resolution, and teamworkproblem solving.

Professional Responsibility andLeadershipC40.0012 2 credits.Prerequisite: Senior standing.This required course is designed tohelp students consider the purposeand function of business in societyand the ways in which a business pro-fession is incorporated into a success-ful human life. Cases in the coursecover a wide range of business andleadership situations, both domesticand international, and specific read-ings survey domestic and interna-tional business ethics as well ascurrent ideas in leadership.

GLOBAL OPPORTUNITIESNYU Stern’s Undergraduate Collegeis unique among its peers for its focuson international business. In today’sincreasingly global and diverse busi-ness environment, it is important forstudents to gain a holistic andworldly perspective to achieve successno matter what their chosen careerpath. Stern is committed to providingstudents with a truly global educa-tion and the opportunity to experi-ence and explore diverse cultures and countries through a host of inter-national study opportunities.

Stern is the only undergraduatebusiness college anywhere to incorpo-rate—and fund—an internationalbusiness study trip for all its students.Additionally, Stern offers theInternational Studies sequence (aspart of the Business Core all studentsare required to take), a comajor ininternational business, the WorldStudies Track, and numerous oppor-tunities for studying abroad.

International Studies SequenceThe Stern experience is designed tobroaden students’ views of the world,and the curricular structure reflectsthat global focus. See the Bachelor ofScience Degree Business Program sec-tion on page 14 for more information.

Edward and Nancy BarrFamily International StudiesProgram Undergraduates gain a deeper under-standing of the global business envi-ronment through the School’s uniqueand innovative Edward and NancyBarr Family International StudiesProgram (ISP). ISP is a curriculum-based experience that exposes stu-dents to different cultures and ways ofconducting business. In a semester-long course, student teams undertakean intensive study of an industry andcompany in a foreign country andtravel abroad during spring break tomake observations firsthand. Whileabroad, students have the opportunityto explore the culture, meet withcompany executives, and see corpo-rate operations. All Stern studentstake the required ISP course in thespring semester of their junior year.

Study Abroad Studying abroad is an exciting andenriching experience, both academi-cally and personally. Stern encouragesall students to take advantage ofopportunities to study abroad for asemester, and strongly recommendsforeign study for those planning aninternational business comajor.

Stern undergraduates have severaloptions for studying abroad: NYUStudy Abroad, World Studies Track,the Business and Political EconomyProgram, or the InternationalBusiness Exchange Program (IBEX).Undergraduates can study abroad inthe fall, spring, or summer semesterof their sophomore, junior, or senioryear, depending on the program. Allstudents who plan on studyingabroad are strongly encouraged tomeet with an academic adviser to dis-cuss their options.


World Studies Track The World Studies Track places stu-dents in the key global marketplacesof the 21st century, enriching the aca-demic experience and shaping stu-dents into truly global citizens. Theintegrated program features a combi-nation of course work and studyabroad experiences that allows stu-dents to thoughtfully examine andreflect on worldwide economic link-ages and regional growth differences.

The heart of the program is a two-semester sequence of study on-site atNYU’s campuses in London andShanghai, followed by a trip to LatinAmerica as part of Stern’sInternational Studies Program.Freshmen are invited to apply to theWorld Studies Track program eachspring. Students interested in thisprogram should visitwww.stern.nyu.edu/wst.

Business and Political EconomyProgramFor students applying to NYU in fall2008 or later, Stern is offering a newBachelor of Science degree program inBusiness and Political Economy(BPE). The program has been care-fully designed to prepare students forthe increasingly complex global busi-ness environment by focusing on theintersection of markets, governments,laws, and cultures. The program fea-tures a groundbreaking curriculumthat combines course work in busi-ness, politics, and economics withintegrated study at NYU’s campusesin three of the world’s most importantglobal marketplaces—NYU’sWashington Square campus in NewYork City and NYU’s global cam-puses in London and Asia.

Reflecting the interconnectionsfound in today’s globalized world, theBPE curriculum will provide studentswith a deep understanding of keybusiness, political, and economic concepts through a series of carefullytailored courses. Like students in ourcore Bachelor of Science degreeBusiness Program, BPE students willalso take courses in the liberal artsthat are designed to develop the criti-cal thinking and communicationsskills needed for advanced coursework. Students will also take coursesin the Social Impact Core and chooseelectives of interest to broaden theirintellectual experience.

Prospective students must applydirectly for the BPE program whenapplying to NYU for freshman admis-sion. For more information, pleasevisit www.stern.nyu.edu/uc/BPE.

NYU Study AbroadNYU offers its own programs inBerlin, Buenos Aires, Florence,Ghana, London, Madrid, Paris,Prague, Shanghai, and Tel Aviv,where courses are taught by bothNYU faculty members and interna-tional faculty members from host uni-versities. These programs are open toall Stern students, who typically studyabroad for one semester during theirsophomore or junior years.

International BusinessExchange Program (IBEX)IBEX, Stern’s prestigious studyabroad program, partners with lead-ing business schools around theworld. IBEX enables students to con-tinue focusing on their business edu-cation while experiencing all thebenefits of study abroad. ThroughIBEX, Stern juniors and seniors studyfor one semester at leading businessuniversities and discover the intellec-tual, cultural, and social life of

another country. For more informa-tion and a list of partner schools, visitwww.stern.nyu.edu/uc or [email protected]. See alsopage 75 in this bulletin.

For information regardingNYU Study Abroad Programs:New York UniversityOffice of Global Programs110 East 14th Street, Lower Level New York, NY 10003-4170 Telephone: 212-998-4433www.nyu.edu/studyabroad/undergraduate

For information regardingIBEX: New York UniversityStern School of BusinessOffice of International ProgramsTisch Hall, Suite 20340 West Fourth StreetNew York, NY 10012Telephone: [email protected]

CURRICULUM OVERVIEW FOR THE BPE PROGRAM

fter August 1,2009, in order tobecome a certi-fied public

accountant (CPA) in NewYork State, a student mustcomplete 150 credit hours.

For Stern students who wishto sit for the CPA licensureexamination after this date,the full 150 required creditswill be earned through thecompletion of both the SternBachelor of Science degree

and a specially designed Master of Science degree inCertified Public Accountingat the graduate Stern Schoolof Business. Details on thisprogram can be found below.

A C C O U N T I N G 20

Accounting (C10)

APrograms of Study

GENERAL ACCOUNTINGPROGRAM REQUIREMENTS(12 CREDITS)Financial Statement AnalysisC10.0003

Plus three accounting electives.Students pursuing the general

accounting program should consultwith an adviser in the Stern Office ofAcademic Advising by the end oftheir sophomore year to ensure thatcourse distribution requirements arebeing met and to formally declare thegeneral accounting major. TheDepartment of Accounting facultyadviser will be available to advise ongeneral accounting course selection orother matters general accounting stu-dents may wish to discuss.

General Accounting ProgramElective Options Managerial Accounting IIC10.0010

Financial Reporting and AnalysisC10.0021

International Accounting andFinancial Statement AnalysisC10.0045

Taxation of IndividualsC10.0063

BACHELOR OF SCIENCE-MASTER OF SCIENCE INACCOUNTING DUAL-DEGREE PROGRAM REQUIREMENTS (37 CREDITS)

Financial Statement AnalysisC10.0003

Any advanced finance courseC15.XXXXFor course listings, see Department ofFinance section (page 32).

Seminar in Accounting Theoryand Effect on Current IssuesB10.6200

Forensic Accounting and FinancialStatement FraudB10.6210

Financial Reporting andDisclosureB10.6302

AuditingB10.6313

Advanced Accounting ConceptsB10.6330

Advanced Managerial AccountingB10.6331

International Reporting andAnalysisB10.6335

Topics in AdvancedCommunication to AccountingB45.6205

Judgment and Decision-MakingAccountingB65.6251

Conflict, Collaboration, andNegotiationB65.6259

Taxation of Individuals andBusiness IncomeB95.6302

Taxation of Mergers, Acquisitions,and Related MattersB95.6336

Stern students interested in the B.S.-M.S. Certified Public AccountingDual-Degree Program apply foradmission in the sophomore year.Upon completion of the dual-degreeprogram, students earn the Bachelorof Science degree in general account-ing and the Master of Science degreein accounting. The M.S. degree pro-gram requires 22 additional graduatecredits beyond the 128 credit B.S.requirements. Six of these graduatecredits may be taken while pursuingthe undergraduate degree. Upon com-pletion of the B.S. degree, studentsmust complete a minimum of 16credits required for the M.S. degree inresidence at the graduate NYU SternSchool of Business.

Certified Public Accounting Dual-Degree Program students who wish toapply for admission to the CPA exami-nation in New York State must presentevidence of successful completion of acourse of study in a college or school ofaccountancy registered by the NewYork State Education Department. TheNew York University Certified PublicAccounting Dual-Degree Program isso registered (HEGIS code0502/0502). Interested studentsshould write to the New York StateEducation Department, Albany, NY12230, requesting Handbook 14.

Students admitted to the B.S.-M.S.in Accounting Dual-Degree Programshould consult with an adviser in theStern Office of Academic Advising reg-ularly to ensure that course distribu-tion requirements are being met. TheDepartment of Accounting undergrad-uate faculty adviser will be available toadvise on CPA dual-degree courseselection or other matters dual-degreestudents may wish to discuss.


Courses FUNDAMENTAL COURSESPrinciples of Financial AccountingC10.0001 4 credits. Fall and spring.Prerequisite: One semester of course workat NYU.Develops students’ abilities to under-stand business transactions and finan-cial statements and to determine themost appropriate financial measures forthose events. Investigates the underly-ing rationale for accounting practicesand assesses their effectiveness in pro-viding useful information for decisionmaking. Emphasis is placed onaccounting practices that purport toportray corporate financial position,operating results, cash flows, managerperformance, and financial strength.

Principles of ManagerialAccountingC10.0002 2 credits. Fall and spring.Prerequisites: C10.0001 and sophomorestanding.Introduces students to the evolving rolethat managerial accounting has playedand is expected to play in servicing theinformational needs of managers in theplanning, organizing, and controllingfunctions. Highlights the attention-directing, decision-support, and deci-sion-influencing roles of managementaccounting. Helps students becomeproficient in structuring business deci-sions systematically and identifying theinformation relevant to a decision.Trains students to think systematicallyabout improving existing systems tofurther a firm’s competitive advantage.

ADVANCED COURSESFinancial Statement AnalysisC10.0003 3 credits. Fall and spring.Prerequisites: C10.0001 and sophomorestanding. Corequisite: C10.0002.This course is the first part of a two-course sequence that is ideal for stu-dents who wish to pursue careers ininvestment banking, investment man-agement, consulting, as well as publicaccounting. In addition to being arequired course for accounting majors,it is a highly recommended course formajors in finance, economics, market-ing, and information systems.Analyzes how firms communicatethrough financial statements. Studentsuse financial statement analysis as anintegral part of the strategic analysisof firms, while understanding howaccounting regulations and manage-rial discretion influence presentedfinancial statements. Course modulesinclude strategic analysis, risk andprofitability analysis using ratios,accounting analysis, and prospective

analysis. At the end of the course, stu-dents are able to interpret and analyzefinancial statements, analyze cashflows, make judgments about earningsquality, uncover hidden assets and lia-bilities, and use financial statementanalysis prospectively to forecast andvalue firms using cash flow-based andaccounting-based valuation methods.

Managerial Accounting IIC10.0010 3 credits.Prerequisites: C10.0001 and juniorstanding.This course helps understand internalaccounting information and its usesin operating a company.

Financial Reporting and AnalysisC10.0021 3 credits.Prerequisites: C10.0003 and sophomorestanding.This course is part of a sequence that isideal for students who wish to pursuecareers in investment banking, invest-ment management, and consulting. Inaddition to being a required course foraccounting majors, it is a highly rec-ommended course for majors infinance, economics, marketing, andinformation systems. The prerequisitefor this course is C10.0003, FinancialStatement Analysis. In this course, youlearn the financial reporting rules asso-ciated with the concepts learned inFSA. This course emphasizes the rela-tionship that exists between financialstatements and the reporting rules thatthey are based on.

International Reporting andFinancial Statement AnalysisC10.0045 3 credits. Prerequisites: C10.0003 and juniorstanding.International business and the integra-tion of capital markets around theglobe have spurred a growing interestamong financial managers andinvestors in the fortunes of interna-tional business enterprises. For themost part, financial information aboutthese entities is contained in publishedfinancial statements. The problem isthat readers removed from the localscene must often read and interpretfinancial accounts that have been pre-pared in an environmental context thatis different from their own. This invari-ably leads to problems of understand-ing and interpretation. The objective ofthis course is to introduce students tothe international dimensions of finan-cial statement analysis. It examines dif-ferences in measurement practices thatexist internationally, the reasons forthese differences, their resultant finan-

cial statement effects, and methodsthat analysts and financial managerscan use to deal with such differences.Additionally, the course examines someof the institutional structures that areevolving to deal with the issue of inter-national accounting diversity.

Taxation of IndividualsC10.0063 3 credits. Prerequisites: C10.0001 and juniorstanding.This course is part of a sequence that isideal for students who wish to pursuecareers in investment banking, invest-ment management, and consulting andwho have a strong interest in account-ing. It is a highly recommended coursefor majors in finance, economics, mar-keting, and information systems. Thecourse provides a cursory understand-ing of taxation for individuals, corpora-tions, and partnerships.

Seminar in Accounting Theoryand Effect on Current IssuesB10.6200 2 credits.Prerequisite: C10.0003.This course focuses on accountingconceptual framework, accountingconcepts, standard setting measure-ment and recognition issues, and char-acteristics of accounting informationas they relate to current accountingissues, including accounting implica-tions of the Sarbanes-Oxley Act.

Forensic Accounting and FinancialStatement FraudB10.6210 2 credits.Prerequisite: C10.0003.The objective of the course is to imparta detailed understanding of forensicaccounting with particular emphasison the methods to detect financialstatement fraud. It is designed todemonstrate the various aspects offraud, e.g., fraudulent financial report-ing; identifying fraud schemes, includ-ing computer fraud and methods ofconcealment; as well as the analyticaltechniques in uncovering fraud and itsprevention through effective internalcontrol systems. It also includes ananalysis of the general techniques usedin working in litigation support serv-ices. It is of particular interest toaccounting and finance professionals.The course content has also become ofcritical interest to regulators and law-makers because of the notoriety of aseries of recent financial scandals thathave affected the entire business com-munity. It reviews the new institu-tional structures that have been put inplace recently by lawmakers and theaccounting profession to deal with


fraud and its prevention, e.g., theSarbanes-Oxley Act and self-regulatingmeasures adopted by the accountingprofession.

Financial Reporting andDisclosureB10.6302 3 credits.Prerequisites: C10.0003 and sophomorestanding.This course is part of a sequence that isideal for students who wish to pursuecareers in investment banking, invest-ment management, and consulting, aswell as public accounting. In additionto being a required course for account-ing majors, it is a highly recom-mended course for majors in finance,economics, marketing, and informa-tion systems. This course complementsC10.0003, Financial StatementAnalysis, by providing a more exten-sive analysis of financial statementsand the financial reporting rulesunderlying them. It uses tools learnedin Financial Statement Analysis, suchas ratio and accounting analysis, to dis-cuss financial reporting principles,emphasizing the link between thereporting principles and the financialstatements. Students learn how man-agement uses financial reporting deci-sions to influence reported income andasset and liability values, and they gainthe tools necessary to analyze theimpact of alternative reporting deci-sions on financial statements.

AuditingB10.6313 3 credits. Prerequisite: B10.6302.This course is an intensive study of fun-damental concepts and principles under-lying the examination of the financialstatement by the independent publicaccountant. Analyzes auditing andreporting standards and the responsibili-ties assumed by the auditor in the attestfunction within the broad framework ofthe code and principles of professionalconduct. Emphasis is on the evaluationof evidential matter and the system ofinternal control. Examines current liter-ature, including the publications of theAICPA Auditing Standards Board.

Advanced Accounting ConceptsB10.6330 3 credits.Prerequisite: C10.0003.This course focuses on four majorissues in financial reporting: (1)accounting for mergers and acquisi-tions; (2) preparation of consolidatesfinancial statements; (3) the transla-tion of foreign currency financialstatements and foreign currency trans-actions; and (4) accounting for deriva-tives, including the use of derivativesin hedging transactions.

Advanced Managerial AccountingB10.6331 3 credits. Prerequisites: C10.0002 and juniorstanding.Focus is on decision making in a sin-gle- and multiperiod environmentswhere there are uncertainties and com-plex combinations of costs. Includesexamples involving service and finan-cial institutions. Highlights currentpractices in performance managementand evaluation.

International Reporting andAnalysisB10.6335 3 credits. Prerequisite: C10.0003.International business and the integra-tion of capital markets around theglobe have spurred a growing interestamong financial managers andinvestors in the fortunes of interna-tional business enterprises. For themost part, financial information aboutthese entities is contained in publishedfinancial statements. The problem isthat readers removed from the localscene must often read and interpretfinancial accounts that have been pre-pared in an environmental context thatis different from their own. This invari-ably leads to problems of understand-ing and interpretation. The objective ofthis course is to introduce students tothe international dimensions of finan-cial statement analysis. It examines dif-ferences in measurement practices thatexist internationally, the reasons forthese differences, their resultant finan-cial statement effects, and methodsthat analysts and financial managerscan use to deal with such differences.Additionally, the course examines someof the institutional structures that areevolving to deal with the issue of inter-national accounting diversity.

Topics in AdvancedCommunication to AccountingB45.6205 2 credits. Prerequisite: C10.0003.Persuasive communication is a vitalcomponent to many aspects of busi-ness life. This advanced course incommunications blends theoreticalmodels for effective persuasion withpractical application of course mate-rial in simulated accounting settings.Exercises focus on communicating topotential audiences of internal andexternal colleagues, including peers,senior managers, clients, and potentialnew business partners.

Judgment and Decision-MakingAccountingB65.6251 2 credits. Prerequisite: C10.0003. Successful business managementdepends on a thorough understanding

of how people make decisions.Although traditional “rational” mod-els of human reasoning make clear pre-dictions about how people should makedecisions, these models fail to fullycapture how people actually make deci-sions in the real world. The purpose ofthis course is to inform future account-ants of the sometimes counterintuitivebut often predictable rules, processes,and heuristics that guide everydaydecision making, as well as howknowledge of these rules can be uti-lized to improve accuracy and effec-tiveness within the accounting field.

Conflict, Collaboration, andNegotiationB65.6259 2 credits. Prerequisite: C10.0003.Successful business managers and con-sultants must know how to collabo-rate effectively with other people andto resolve conflicts constructively. Thegoal of this course is to teach studentsthe fundamentals of managing collab-oration and conflict in one-on-one andsmall group settings. Our objective isto enhance students’ interpersonalskills at their jobs. Drawing from thelatest findings in managerial psychol-ogy, we cover the fundamentals ofeffective negotiation, communication,and persuasion. Special topics includegetting buy-in, coping with resist-ance, and building coalitions.

Taxation of Individual andBusiness IncomeB95.6302 3 credits. Prerequisites: C10.0001 and juniorstanding.The purpose of this course is todevelop, on a sound conceptual base, abasic understanding of federal incometaxation to provide tools for a practicalapplication to business and nonbusi-ness situations. Topics include capitalasset and property transactions, busi-ness and personal deductions, depreci-ation, depletion, accounting methodsand periods, retirement plans, taxcredits, and the alternative minimumtax system. While the emphasis is ontaxation of the business income ofindividuals, the course also providesan introduction to the taxation of cor-porations and partnerships. Duringthe fall semester, the students arerequired to enter the annual tax tour-nament scheduled for late November.Students in the spring semester arerequired to complete a group take-home project similar to the tax tour-nament case study.


Taxation of Mergers, Acquisitions,and Related MattersB95.6336 3 credits. Prerequisite: C10.0003.This study of the income tax rulesrelating to the formation and opera-tion of business corporations includessuch topics as the organization of thecorporation, redemptions, liquida-tions, reorganizations, divisions, mul-

tiple corporations, corporate taxattributes and carryovers, stateincome taxation, and U.S. taxation offoreign source income. The emphasis,however, is on the tax aspects ofmergers and acquisitions on a practi-cal rather than theoretical side of thefield. Considerable independent read-ing and thought are required.Classroom discussions include prob-

lems and case studies. Students areassigned a group project requiringthe solution of a case study in the area of corporate reorganizations anddivisions.

Independent Study in Accounting1-3 credits.Prerequisite: Permission of the undergrad-uate faculty adviser.

E C O N O M I C S 24

Economics (C30)

Program of Study

MAJORS IN ECONOMICS In order to allow students to select anapproach to the study of economicsthat is most suitable to their personalaptitudes and interests, Stern stu-dents can choose to major in one ofthe two official majors in economics:business economics or economic the-ory. Each major is described below.

The new economics majors go intoeffect for the class of 2011 and later.Economics majors who are graduat-ing before this date are expected tocomplete either the economics policyor theory concentrations as outlinedin the 2006-2008 Stern undergradu-ate bulletin (http://w4.stern.nyu.edu/emplibrary/Stern_Academic_Bulletin_2006-2008_Final.pdf).

BUSINESS ECONOMICS MAJORREQUIREMENTS (12-15 CREDITS)A major in business economics iswell-suited to students who have ageneral interest in understanding eco-nomic problems and policies and areinterested in careers in business, law,or public policy or any other field inwhich a thorough understanding ofeconomic problems and the economicway of thinking would be beneficial.

In addition to the two requiredcore courses, Microeconomics(C30.0001) and Economics of GlobalBusiness (C30.0011), a minimum offour upper-level courses in economics,as outlined below, are to be taken atthe Stern School from the followingdesignated course lists and theCollege of Arts and Science (CAS)Department of Economics.

Note: Many CAS electives require eitherIntermediate Macroeconomics (V31.0012)or Intermediate Microeconomics (V31.0010)as prerequisites; C30.0001 is accepted as aprerequisite in lieu of V31.0010.

At least two of the four courses mustbe taken at Stern from the followingcategories:

Category A: At least one C30 Sterneconomics elective course.

Category B: At least one course from thefollowing list:

Competitive AnalysisC70.0015

Pricing StrategiesC55.0053

Intermediate MacroeconomicsV31.0012

Students can fulfill the remainingelective course requirements bychoosing at least two courses from thefollowing list, including any coursesfrom the lists above that were nottaken as category A or B require-ments for the major.

Please note: Students who double majorin marketing, finance, or management orcomajor in international business cannotdouble count any courses taken toward thecompletion of their business economicsmajor toward their other major.

Any Stern Economics ElectiveCourseC30.xxxx

Any CAS Economics Courses (All prerequisites must beobserved.)V31.xxxx

Topics in Emerging FinancialMarkets C15.0023

Behavioral Finance C15.0029

International FinancialManagement C15.0030

Futures and OptionsC15.0043

International BusinessManagementC50.0004

Important note: The following CASeconomics courses are blocked to Stern stu-dents: Money and Banking (V31.0231);International Economics (V31.0238);and Financial Economics (V31.0368).

ECONOMIC THEORY MAJORREQUIREMENTS (28 CREDITS)The economic theory major isintended for the student who wishesto begin the formal study of economicreasoning with an emphasis on mas-tering the analytical tools. This pro-gram of courses relies on a higherlevel of abstraction and emphasizesthe techniques of economic analysisrather than the study of specific eco-nomic problems or institutions. It isparticularly well-suited for studentswho intend to pursue a professionalcareer in economics, are consideringgraduate study in economics, or thosepursuing careers or higher degrees inhighly quantitative fields such asfinance. Students are required to com-plete three semesters of calculusthrough V63.0123 (Calculus III).Students are urged to talk to depart-ment advisers concerning additionalmathematics courses that are recom-mended.

Students choosing the economicstheory major should not takeC30.0001 or C22.0103. Instead, theyshould take V31.0005, V31.0006,and V31.0020. However, in manyinstances, students may have alreadytaken C30.0001 and/or C22.0103before they consider the choice of amajor. Students who have alreadytaken these courses and who have aninterest in the economic theory majorshould consult a Stern academicadviser to map out their major pro-gram. Because the economic theorymajor involves a sequence of coursesthat develop the analytical techniquesof economics, students should embarkon the program as early as possible intheir Stern careers.

The required courses in the economictheory major are the following:

Introduction to Economic AnalysisV31.0005

Mathematics for EconomistsV31.0006

Microeconomic Theory andAnalysisV31.0011


Macroeconomic Theory andAnalysisV31.0013

Analytical StatisticsV31.0020

Introduction to EconometricsV31.0266

Plus two elective courses from theStern economics major (C30.xxxx) orfrom the CAS 300-level electivecourses (V31.03xx).

Choosing Between orChanging Economics MajorsStudents who are unsure about whichmajor is appropriate for their interestsshould seek advice from both theStern Office of Academic Advisingand the economics department facultyadviser. Transferring between econom-ics majors can be complex, especiallywhen switching from the businesseconomics to the economic theorymajor. Students should discuss such

changes with an adviser and are urgedto do so early on in their Stern careers.

Honors ProgramThe College of Arts and Science(CAS) Department of Economicsoffers an honors program in econom-ics for qualified students in bothStern economics majors. A 3.65 over-all grade point average (GPA) and a3.65 GPA in economics courses arerequired. Students taking honors arerequired to write a thesis in their sen-ior year. Interested students areencouraged to consult the CAS direc-tor of undergraduate studies in thespring of their junior year, prior toregistration for the fall semester, forinformation concerning eligibility,details of the program, and applica-tion for admission.

Business economics majors inter-ested in the Honors Program shouldtake Intermediate Macroeconomics(V31.0012), and they must also takeTopics in Econometrics (V31.0380)

prior to admission. Economics theorymajors must take and passIntroduction to Econometrics(V31.0266) prior to admission.

Honors students in both majorsare expected to take Topics inEconometrics (V31.0380) as an elec-tive before they begin writing theirthesis. Students majoring in the busi-ness economics major are encouragedto take, but are not required to take,the honors sections of V31.0010 andV31.0012.

Honors students in both majorsare required to take the HonorsSeminar (V31.0390), as well as theHonors Tutorial (V31.0410), and theHonors Thesis (V31.0450). Studentsneed to begin the application processduring the fall semester of their jun-ior year. The Honors Tutorial is givenin the fall semester and is taken in thestudent’s senior year. The HonorsThesis is given in the spring semesterand is taken in the student’s senioryear.

Courses The list of courses below is dividedinto three sections: (I) Stern economicscore courses, (II) economic theorymajor courses, and (III) economicselective courses. The elective courses insection III are divided into two cate-gories: category A (see page 24), Sterneconomics elective courses and cate-gory B (see page 24), courses for busi-ness economics majors. Note thatstudents in either economics major can chooseelectives from any list.

Courses listed with a (B) designa-tion indicate that they will count onlytoward the business economics major.*Courses listed with a (T) designationindicate that the course will count onlytoward the economics theory major.Courses with the notation (B, T) counttoward either major.

(I) STERN ECONOMICS CORE COURSESMicroeconomicsC30.0001 4 credits. Fall and spring.Prerequisite: V63.0121 or equivalent(AP Calculus AB/BC scores of 4 or 5).Basic microeconomic principles:applications of supply and demandanalysis; consumer choice; theory ofthe firm under perfect and imperfectcompetition; game theory and strat-egy; and theory and policy issues inmarket imperfections, such as monop-oly and antitrust, externalities andregulation, imperfect information andregulation, income distribution, etc.

Economics of Global BusinessC30.0011 4 credits. Fall.Prerequisites: V31.0001 and V31.0002or C30.0001 and sophomore standing.

This course examines the forces driv-ing toward globalization—the inte-gration of national business activitiesinto globally competitive markets.International trade is a key driver ofglobal integration. The role of compar-ative advantage as a determinant of thelocation of production is examined.Also examined are the reasons for andeffects of government policies that create impediments to internationaltrade. The second part of the coursesurveys the role of money and financein global economic activity. The role ofexchange rates as key variables inglobal finance is introduced. Alsoexamined is the role of governmentpolicies toward the foreign exchangemarket, including the choice betweenfixed and floating exchange rates andthe use of exchange controls to createimpediments to currency exchanges.The course also introduces the conceptof foreign direct investment and dis-cusses the rising importance of multi-national corporations.

Economic Principles I V31.0001 4 credits. Prerequisite: V63.0009 or equivalent.This course focuses on the economy asa whole (the “macroeconomy”). Itbegins with the meaning and meas-urement of important macroeconomicdata (on unemployment, inflation,and production), then turns to thebehavior of the overall economy.Topics include long-run economicgrowth and the standard of living;the causes and consequences of eco-nomic booms and recessions; thebanking system and the FederalReserve; the stock and bond markets;

and the role of government policy.Note: This course is not required of Sterneconomics majors, but can be taken as ageneral elective (but not as an advancedelective to fulfill major requirements).

(II) ECONOMIC THEORYMAJOR COURSESIntroduction to Economic Analysis (T)V31.0005 4 credits.Identical with C31.0005. Open to fresh-men and sophomores only. Corequisite:V63.0121.This course introduces some of theimportant tools economists use tosolve problems, provides examples ofhow they are used, and prepares stu-dents for subsequent course work inthe theory concentration. Topicsinclude game theory, decision makingby households and firms, competitivemarkets, long-run economic growth,disequilibrium, and short-run eco-nomic fluctuations. Note: Students whoknow that they wish to pursue the economictheory major in their freshman year areencouraged to take this course in lieu ofC30.0001. However, if a student takesC30.0001 before they decide to major ineconomic theory, they are waived from thisrequirement.

* CAS economics courses (V31) that have a (B)notation may also have a (P) designation whenthey are listed in CAS publications, as they alsowill count toward the CAS Economic Policytrack of CAS’s economics major.


Mathematics for Economists (T)V31.0006 4 credits. Identical with C31.0006. Open to fresh-men and sophomores only. Prerequisite:V31.0005. Corequisite: V63.0122.Specifically designed to provide theappropriate mathematical tools forstudy in the theory concentration.Examples and motivation are drawnfrom important topics in economics.Topics include elementary set theoryand the abstract notion of a function,Cartesian products, convex sets andconcave functions, differential calculusand partial derivatives, integration andthe fundamental theorem of calculus,first- and second-order conditions for amaximum, implicit functions, andconstrained optimization.

Analytical Statistics (T)V31.0020 4 credits. Identical with C31.0020. Prerequisite:V63.0122. Corequisites: V31.0006,V63.0123. Restrictions: This course isnot open to any student who has takenV31.0018; it is a more analytically ori-entated course than V31.0018. This course is a prerequisite forIntroduction to Econometrics,C31.0266. Topics covered includedescriptive statistics, calculation ofmoments, probability theory, an intro-duction to distribution theory, and anintroduction to inference. Lab sessionsenable the student to run a wide vari-ety of computer experiments and tosimulate all distributions that are dis-cussed as well as to experiment with awide variety of statistical procedures.Students who have already takenStatistics for Business Control andRegression and Forecasting Models,C22.0103 or the combination ofStatistics for Business ControlC22.0001, and Regression andForecasting Models C22.0003, are notrequired to take this course if theydecide later in their career that theywish to pursue the economics theoryconcentration.

Microeconomics Theory andAnalysis (T)V31.0011 4 credits. Identical with C31.0011. Prerequisites:V31.0005, V31.0006, V31.0020, andV63.0123, or equivalent.Rigorous examination of consumerchoice, profit-maximizing behavioron the part of firms, and equilibriumin product markets. Topics includechoice under uncertainty, strategicinteractions between firms in noncompetitive environments, intertemporal decision making, andinvestment in public goods.

Macroeconomics Theory andAnalysis (T)V31.0013 4 credits. Identical with C31.0013. Prerequisites:V31.0005, V31.0006, and V63.0123.Study of aggregate economic analysis,with special attention to the determi-nation of the level of income, employ-ment, and inflation. Criticallyexamines both the theories and thepolicies associated with them. Thiscourse involves more formal analysisthan that used in V31.0012.

Introduction to Econometrics (T)V31.0266 (formerly V31.0366) 4 credits. Identical with C31.0266. Prerequisites:V31.0006 and V31.0020.Application of statistics and economictheory to the problems of formulatingand estimating models of economicbehavior. Matrix algebra is developedas the main tool of analysis in regres-sion. Acquaints students with basicestimation theory and techniques inthe regression framework and coversextensions such as specification errortests, heteroskedasticity, errors in vari-ables, and simple time-series models.Focus is on single-equation models.

(III) ECONOMICS ELECTIVECOURSESStern and CAS Electives

Category A Economies in Transition (B, T)C30.0031 3 credits. Prerequisites: C30.0001 and sophomorestanding.The collapse of communism in the for-mer Soviet Union has led to the estab-lishment of independent republicsseeking to replace their failed plannedeconomies with market economies.The difficulties of the transition followdirectly from the discredited plannedeconomy. This course provides theframework for understanding the tran-sition by providing a basic knowledgeof the administrative-command mech-anism identified with central planning.Against this background, the econom-ics of transition—including issues ofprivatization, demonopolization, andmacroeconomic stability, as well as theappropriate speed of transition—arefully explored. Also included are theeconomies in transition of EasternEuropean countries, where similarattempts to create market economies toreplace former planned economies aretaking place.

Economics of Behavior andMisbehavior (B, T)C30.0210 3 credits.Prerequisite: C30.0001. This course shows students how economics can be used as an aid inunderstanding almost every aspect ofhuman behavior: drug addiction,drug policy, crime, marriage, divorce,pornography, prostitution, suicide,religion, assisted reproduction, abor-tion, sports, gambling, and rock androll music. With special attention tothe evolution of economic ideas, aswell as state-of-the-art economic the-ory and empirical analysis, the valueof economics in shedding analyticallight on these behaviors is demon-strated. Further, this course providesstudents with sufficient knowledge todecipher between the economic factsand economic myths that pervadepopular news media, particularly ontopics such as the legalization ofdrugs and the advantages and disad-vantages of capital punishment.

Global Perspectives on EnterpriseSystems (B, T)C30.0220 3 credits. Prerequisite: C30.0001.This course compares the develop-ment of rich and “emerging market”countries over time. Through bothmacro- and microeconomic perspec-tives, we examine political, cultural,and economic similarities and differ-ences of national enterprise systems,paying special attention to impacts ofgovernment, financial institutions,entrepreneurship, and management.

Monetary Policy and the FinancialSystem (B, T)C30.0221 3 credits. Prerequisite: C30.0011. Monetary policy in the United Statesand around the world is frequently inthe news as policymakers work hardto control inflation, bring about bal-anced growth, and maintain the sta-bility of the financial system. This isan elective course that examines theinstitutions that run macroeconomicand financial sector policy both in theUnited States and around the world.The course explains the functions ofthe central banks, including theFederal Reserve and internationalfinancial organizations like the IMF.

Business and the Environment (B, T)C30.0225 3 credits.Prerequisite: C30.0001.Environmental problems typicallyarise from “market failures.” Thiscourse examines several environmentalissues at the local, national, and inter-national levels, such as smog, acidrain, energy, fishing, and global


climate change. Drawing on the theo-ries of externalities, market failure,and mechanism design, we explore thecauses of these problems, and some ofthe potential remedies, including gov-ernment regulation, voluntary associa-tions, treaties, and markets foremissions, as well as potential relatedbusiness opportunities.

Global Macro Issues (B, T)C30.0230 3 credits.Prerequisite: C30.0011.Introduction to international macro-economics and review and analysis ofcurrent international macroeconomicand financial issues, policies and events,including current global economicconditions in the United States,Europe, and Asia and emerging marketeconomies interest rates, exchange ratesand asset prices in the global economy,causes and consequences of tradedeficits and external imbalances emerg-ing market economies, financial crisescauses of currency, banking and finan-cial crises, short- and long-term effectsof monetary and fiscal policy asset bub-bles, credit booms and financial crisesand the globalization of financial mar-kets. These topics are integrated into atheoretical framework that stressesinternational factors from the start.Examples from the United States,Europe, Japan, China, and emergingmarket economies are used to enhanceknowledge of the world economy.

Category B Competitive Analysis (B)C70.0015 3 credits.Prerequisite: C30.0001 or V31.0002.Full course description can be found in theMultidisciplinary Courses section (page48).

Pricing Strategies (B)C55.0053 3 credits.Prerequisite: C55.0001. Full course description can be found in theDepartment of Marketing section (page44).

Intermediate Macroeconomics:Business Cycles and StabilizationPolicy (B)V31.0012 4 credits.Identical with C31.0012. Prerequisites:C30.0011 and a course in calculus(V63.0121 or above).Study of aggregate economic analysiswith special attention paid to thedetermination of the level of income,employment, and inflation. Criticallyexamines both the theories and thepolicies associated with them.

Other Stern and CAS Economics ElectivesTopics in Emerging FinancialMarkets (B)C15.0023 3 credits.Prerequisites: C15.0007 and seniorstanding.Full course description can be found in theDepartment of Finance section (page 32).

Behavioral Finance (B)C15.0029 3 credits.Prerequisite: C15.0007.Full course description can be found in theDepartment of Finance section (page 33).

International FinancialManagement (B)C15.0030 3 credits.Prerequisites: C15.0002 andC30.0011.Full course description can be found in theDepartment of Finance section (page 33).

Futures and Options (B)C15.0043 3 credits.Prerequisites: C15.0007 and seniorstanding. Full course description can be found in theDepartment of Finance section (page 33).

International BusinessManagement (B)C50.0004 3 credits.Prerequisites: C30.0011, C50.0001.Recommended: Junior standing.Full course description can be found in the Department of Management section(page 39).

Economic History of the UnitedStates (B, T)V31.0205 4 credits. Identical with C31.0205. Prerequisites:C30.0001 and C30.0011, orV31.0005, or equivalent. Analytic survey of the structure of theU.S. economy. National income andits distribution; population and land;capital accumulation and develop-ment of financial institutions; laborand labor unions; technologicalchange; the market, both domesticand foreign; and the economic effectsof government policy.

Ethics and Economics (B, T)V31.0207 4 credits. Identical with C31.0207. Prerequisite:C30.0001 or V31.0005.Study of the interface between ethicaland economic theories. Specific topicscovered include a brief overview ofvarious ethical ideas, an analysis ofthe ethical presuppositions of moderneconomic theory (especially welfareeconomics), utilitarian ethics, themoral status of free exchange, the eth-ical implications of imperfect knowl-edge between bargaining parties,cost-benefit analysis and humanrights, the economic content of the“general welfare,” and laissez-faire.

Urban Economics (B, T)V31.0227 4 credits. Identical with C31.0227 andV99.0310. Prerequisite: C30.0001 orV31.0005.The city as an economic organization.Urbanization trends, functional spe-cialization, and the nature of growthwithin the city; organization of eco-nomic activity within the city and itsoutlying areas, the organization of thelabor market, and problems of urbanpoverty; the urban public economy;housing and land-use problems;transportation problems; and specialproblems within the public sector.

Poverty and Income Distribution(B, T)V31.0233 4 credits. Identical with C31.0233. Prerequisite:C30.0001 or V31.0005.Defines poverty and welfare. Analyzeswho the poor are, why some peopleare rich and others poor, equality ofopportunity, income and status,inequality, trends in the degree ofinequality, government’s role inincome distribution, and interna-tional comparisons of inequality.

Gender and Choices (B, T)V31.0252 4 credits. Identical with C31.0252 andV97.0252. Prerequisites: C30.0001and C30.0011, or V31.0005.Examines important economic influ-ences on decisions women make con-cerning labor force participation andfamily, the theory of labor marketbehavior and discrimination, as wellas public policy options.


Strategic Decision Theory (T)V31.0310 4 credits. Identical with C31.0310. Prerequisite:V31.0011.This course is an introduction to non-cooperative game theory. It focuses on arigorous development of the basic the-ory with economic applications such ascompetition among oligopolists, howstandards are set, auction theory, andbargaining. The formal topics includegames in strategic form, Bayesiangames, and games in extensive form.

Industrial Organization (B)V31.0316 4 credits.Identical with C31.0316. Prerequisite:C30.0001.This analysis of the structure, con-duct, and performance of firms andindustries involves the developmentof a theoretical basis for evaluatingperformance. Analysis of competitionas a state-of-affairs versus competitionas a process. The effects of advertis-ing, economic concentration, andinnovation on prices and production.Overall survey of contemporaryantitrust law and economics.

Market Structure andPerformance (T)V31.0317 4 credits.Identical with C31.0317. Prerequisite:V31.0011.Designed to familiarize students with amodern approach to industrial organi-zation economics. The modernapproach relies extensively on the useof game-theoretic tools to model strate-gic market behavior and on extensiveuse of econometric methods for testinghypotheses regarding firm conduct andmarket performance. In particular, thecourse analyzes profit-maximizingbusiness strategies of firms with marketpower as well as strategic interactionsamong firms in various types of imper-fectly competitive markets. It addressesboth static modes of competition aswell as dynamic competition inresearch and development and productdesign. Also examines the scope ofeffective public policies designed toimprove market performance.Throughout the course, mathematical-based models are used to develop therelevant concepts and test the pertinenttheories of firm behavior.

Economic Development (B, T)V31.0323 4 credits.Identical with C31.0323. Prerequisites:C30.0001 and V31.0012 or V31.0011and V31.0013.Studies the problem of economicunderdevelopment, with special refer-ence to the countries of Asia, LatinAmerica, and Africa. The buildingblocks of economic theory are used to

understand the historical experiences ofthese countries. Macroeconomic topicscovered include economic growth,income distribution and poverty, withparticular emphasis on the concept ofunderdevelopment as a circular, self-reinforcing trap. Microeconomic topicsinclude the study of particular marketsthat are especially relevant to develop-ing countries: those for land, labor, andcredit. Notions of market fragmenta-tion, limited information, and incen-tive problems receive emphasis. Thecourse ends with international issues:trading patterns, capital flows, andglobal financial crises are studied fromthe viewpoint of developing countries.

Topics in the Global Economy (B)V31.0324 4 credits. Identical with C31.0324. Prerequisites:V31.0012 and C30.0011.Covers special topics in the context ofa global economy. They include fiscaland monetary policy under alternativeexchange rate regimes; internationaltransmission mechanisms; barriers tocapital mobility; international policycoordination; optimum currencyareas, customs unions, and free tradeareas; multilateral trade; trade liberal-ization policies; and the role of theWorld Bank and of the IMF.

Economics of Energy and theEnvironment (B, T)V31.0326 4 credits. Identical with C31.0326. Prerequisite:C30.0001 or V31.0011.Economic analysis of major policyissues in energy and the environment,both domestic and international.Emphasis is on market solutions to var-ious problems and market limitationsin the allocation of environmentalresources. Energy issues focus on OPECand world oil markets, with attentionto reducing oil import vulnerability;taxation and regulation of productionand consumption; conservation of nat-ural resources; and the transition toalternative energy sources. Environ-mental issues include policies to reducepollution. Substantial attention is paidto global warming caused by consump-tion of fossil fuels.

Ownership and Corporate Controlin Advanced and TransitionEconomies (B, T)V31.0340 4 credits. Identical with C31.0340. Prerequisite:C30.0001 or V31.0011.Discusses the conceptual foundationsand empirical evidence concerning theeffects of private ownership on corpo-rate performance. The corporate con-trol mechanisms in the United States,Germany, Japan, and the emergingmarket economies of Eastern Europe

and the former Soviet Union arereviewed. Particular attention is paidto the role of capital markets(takeovers and other shareholder con-trol devices), banks, and other financialinstitutions, and various corporateinstitutions (such as boards of directorsand shareholder meetings) in facilitat-ing or hindering corporate control andthe efficient allocation of resources.

Labor Economics (B, T)V31.0351 4 credits. Identical with C31.0351. Prerequisite:C30.0001 or V31.0011.Analyzes the functioning of the labormarket in both theoretical and statis-tical terms. Examines the determi-nants of wage and employment levelsin perfect and imperfect labor mar-kets, including the concept of educa-tion and training as human capital.Models of labor market dynamics arealso examined, including those of jobsearch and matching. The role of pub-lic policy in the functioning of labormarkets is highlighted throughout.

Public Economics (B, T)V31.0353 4 credits. Identical with C31.0353. Prerequisite:C30.0001 or V31.0011.In alternate years, stresses policyimplications and the development ofthe theory. Analysis of governmenteconomic policies and behavior.Normative and positive economics;the fundamental welfare theorems.What goods should the governmentprovide (public goods)? When shouldthe government tax private behavior(externalities)? Income redistributionand the welfare program. Who paysthe tax (tax incidence)? The role ofdebt policy. On what should taxes belevied (optimal taxation)?

Law, Economics and Society (B)V31.0355 4 credits. Identical with C31.0255. Prerequisite:C30.0001.This introduction to economic analy-sis of a variety of legal issues exploresthe relationship of legal institutionsand laws to economic efficiency andsocial goals (such as justice). Topicsare chosen from among the following:economics of property rights, exter-nalities and environmental control,administrative processes, crime, con-tracts and liability, public utility andantitrust regulations, and individualrights and discrimination.

Experimental Economics (B, T)V31.0360 4 credits. Identical with C31.0360. Prerequisite:C30.0001 or V31.0011.Experimental economics is predicatedon the belief that economics, like


other sciences, can be a laboratory science where economic theories aretested, rejected, and revised. Thiscourse reviews the methodology ofconducting such laboratory experi-ments and investigates the use ofexperiments in a wide variety offields. These include competitivemarkets, auctions, public goods the-ory, labor economics, game theory,and individual choice theory. Thiscourse is limited to 20 students andfunctions as a research seminar inwhich students present their work asit progresses during the semester.Students also get exposure to theexperimental laboratory in theDepartment of Economics and to theresearch performed there.

Advanced Micro Theory (T)V31.0365 4 credits. Identical with C31.0365. Prerequisite:V31.0011. Designed to introduce students tosome of the main model-buildingtechniques that have been developedby microeconomics. This course isintended for advanced undergraduateswho have taken the necessary prepara-tory courses in economics and mathematics. Three basic topics arecovered. The first topic is the statictheory of consumer behavior both in a

certain world and in an uncertainworld. The second topic is the theoryof general equilibrium. The thirdtopic is the theory of dynamic opti-mization. In addition to the coverageof the economics, the advanced math-ematical techniques that are neededto understand the material arereviewed.

Topics in Econometrics (B)V31.0380 4 credits. Identical with C31.0380. Prerequisites:C30.0001, V31.0012, and C22.0103.Examines a number of importantareas of econometrics. The topics cov-ered include identification and esti-mation of simultaneous equationsmodels; model specification and test-ing; estimation of discrete choicemodels; and analysis of duration mod-els. In addition to covering the rele-vant theoretical issues, the courseincludes the application of thesemethods to economic data.

Honors Tutorial (B, T)V31.0410 4 credits. Identical with C31.0410. Prerequisite:V31.0390. This course is open only tohonors students. For description, seeHonors Program. The objective of the course is to trainstudents to write on economic topics

and perform economic analysis effi-ciently and quickly as well as todevelop rhetorical skills. Once aweek, two students each present apaper on an assigned topic that hasbeen distributed previously to theother students. The students not pre-senting that week, as well as theinstructor, critique the paper and thepresentation. Each paper is to berevised and submitted to the instruc-tor with a cover sheet that indicateshow the student dealt with each ofthe criticisms.

Honors Thesis (B, T)V31.0450 (formerly V31.0400) 4 credits.Identical with C31.0450. Prerequisite:V31.0410. This course is open only tohonors students. For description, seeHonors Program. Normally, the thesis is written in thesenior year, but students are advisedto choose their topic and facultyadviser by the beginning of the senioryear at the latest.

E N T E R T A I N M E N T, M E D I A , A N D T E C H N O L O G Y S P E C I A L I Z A T I O N 30

Entertainment, Media, andTechnology Specialization

Program of Study

Students taking entertainment,media, and technology (EMT) coursesgain a framework for understandingthe strategy and operating principlesthat drive the individual componentsor sectors of the entertainment indus-try, the business activities that sup-port content creation and the mediaused to deliver content, and the tech-nology employed to create and delivercontent. In addition to a structuredcurriculum, the program relies onindustry speakers to provide firsthandinsights into content development,deal making, and the impact of tech-nology and globalization on thediverse sectors of the EMT industries.

SPECIALIZATION IN ENTERTAINMENT, MEDIA,AND TECHNOLOGY PROGRAM REQUIREMENTS (9 CREDITS MINIMUM)Stern students cannot count a requiredcourse from the Business Core or theirmajor toward the specialization.

To complete the EMT specialization,students must take the foundationalcourse Entertainment and MediaIndustries (C55.0040), plus 7 to 8credits of EMT courses in Stern.

The EMT courses offered at Sternare listed below. Most are fullydescribed in the Marketing (C55) sec-tion, but course descriptions may alsobe found in Information Systems(C20); Management and Organizations(C50); and the MultidisciplinaryCourses (C70) sections.

Entertainment and MediaIndustries C55.0040

Advertising ManagementC55.0003

Film and Television Distributionand FinanceC55.0020

Entertainment Finance C55.0021

Movie MarketingC55.0022

Impact of Technology onEntertainment and MediaC55.0023

Media PlanningC55.0041

Television Management: Network,Cable, and SatelliteC55.0044

Globalization of the EntertainmentIndustryC55.0046

Sports MarketingC55.0047

The Business of Producing C55.0049

Craft and Commerce of FilmC55.0051

Electronic CommerceC20.0038

Strategic Analysis for Success inthe Digital AgeC50.0016

Negotiation and ConsensusBuildingC50.0030

Entertainment LawC70.0048

E N T R E P R E N E U R S H I P S P E C I A L I Z A T I O N 31

Entrepreneurship Specialization

Program of Study

In recent years there has been grow-ing interest among college studentsto start their own business. This gen-eration was raised with successfulcompanies started by college entre-preneurs such as Apple, Dell,Microsoft, and Napster. A career as anentrepreneur offers flexibility, stabil-ity in an often unpredictable job mar-ket, and the opportunity to solveproblems and be creative. Many Sternstudents strive to start their ownbusiness and some will be expected tojoin a family business after gradua-tion. And for some, starting theirown business in high school was whatdrew them to business school.

SPECIALIZATION IN ENTREPRENEURSHIP PROGRAM REQUIREMENTS (9 CREDITS)Stern students cannot count a requiredcourse from the Business Core or theirmajor toward the specialization.

To complete the entrepreneurshipspecialization, students must take thefoundational course Patterns ofEntrepreneurship (C50.0085), plusone of the following options: (1) fouradditional entrepreneurship courses

in the Stern Undergraduate Collegeor (2) three additional entrepreneur-ship courses in the SternUndergraduate College and oneapproved course in the Master ofBusiness Administration programwith approval from the SternUndergraduate College Office ofAcademic Advising.

The entrepreneurship coursesoffered at the Stern UndergraduateCollege are listed below. Most arefully described in the Managementand Organizations (C50) section, but course descriptions may also befound in Marketing (C55) and theMultidisciplinary Courses (C70) sections.

Patterns of Entrepreneurship C50.0085

Managing People and TeamsC50.0007

Technological Innovation andNew Product DevelopmentC50.0008

Managing ChangeC50.0025

Negotiation and ConsensusBuilding C50.0030

New Product DevelopmentC55.0060

Entrepreneurship C70.0040

Entrepreneurship and Law inPracticeC70.0086

Business Start-Up Senior SeminarC70.0310

The Stern Undergraduate CollegeOffice of Academic Advising maychoose to allow a student who peti-tions to count an M.B.A. course fromthe list below toward the specializa-tion. Please see a member of the academic advising team for coursedescriptions, prerequisites, and further information regarding thesecourses.

Social Venture CapitalB40.3148 1.5 credits.

Venture Capital FinancingB40.3173 1.5 credits.

Entrepreneurial FinanceB40.3361 3 credits.

Social EntrepreneurshipB65.2128 1.5 credits.

Managing the Growing CompanyB65.2327 3 credits.

F I N A N C E 32

Finance (C15)

Program of Study

FINANCE MAJOR PROGRAMREQUIREMENTS (12 CREDITS)Students who decide to major infinance must take four courses infinance in addition to the requiredcore course, Foundations of FinancialMarkets (C15.0002). These fourcourses include the following:

Financial ManagementC15.0007

Advanced Corporate FinanceC15.0008

Plus two electives from among thecourses listed in the AdvancedCourses section below. A student mayelect to take a fifth course in finance.

No more than five finance coursesshould be taken as part of a student’sprogram of study. The Stern Schooland prospective employers bothbelieve it is beneficial for every Sterngraduate to have broad exposure tothe analytical styles of business man-agement in all its dimensions.

Students majoring in financeshould consult with their adviser inthe Stern Office of AcademicAdvising by the end of their sopho-more year to ensure that course distri-bution requirements are being metand to formally declare the financemajor. The Department of Financeundergraduate faculty adviser isalways available to advise on financecourse selection or other matters stu-dents may wish to discuss.

Courses CORE COURSE Foundations of Financial MarketsC15.0002 4 credits. Fall, spring, andsummer.Prerequisites: C22.0103 or C22.0001,C30.0001 or V31.0002 or V31.0005,and sophomore standing. Corequisite:C10.0001.This is a rigorous course developingthe basic concepts and tools of mod-ern finance. Basic concepts of returnand risk are explored in detail with aview to understanding how financialmarkets work and how differentkinds of financial instruments are val-ued. These instruments, includingequities, fixed income securities,options, and other derivative securi-ties become vehicles for exploringvarious financial markets and the uti-lization of these markets by managersin different kinds of financial institu-tions to enhance return and managerisk. The course includes a segmenton the use and application of com-puter-based quantitative technologyfor financial modeling purposes.

INTEGRATED SEQUENCE(for juniors and seniors only)

Financial ManagementC15.0007 3 credits. Fall, spring, andsummer.Required course for finance majors.Prerequisite: C15.0002.Introduces the student to selectedproblems and issues in financial man-agement. Topics include capitalbudgeting—strategy and techniquesassociated with the analysis and selec-tion of capital projects, financial fore-

casting and financial planning, andcorporate finance topics such as thecost of capital and issues associatedwith raising capital. Problem sets andcase studies are integral parts of thiscourse.

Advanced Corporate FinanceC15.0008 3 credits. Fall, spring, andsummer.Required course for finance majors.Prerequisite: C15.0007. The focus of this course is on majorfinancial policy decisions of the cor-poration. Topics include corporatestrategy in various economic settings,capital structure theory and policy,dividend theory and policy, andadvanced capital budgeting analysis.These analytical tools and theories areapplied to topical issues in corporatefinance ranging from mergers andacquisitions decisions to corporatebankruptcy to managerial control andcompensation strategies. Case studiesare an integral part of this course.

ADVANCED COURSES Risk Management in FinancialInstitutionsC15.0022 3 credits. Prerequisite: C15.0002. Examines the problems encounteredin a wide range of activities of finan-cial institutions, including asset lia-bility management, liquiditymanagement, and market risk andcredit risk management. Uses quanti-tative models such as “value at risk”to illustrate the types of models nec-essary to manage modern financial

institutions. Emphasizes factors relevant to strategic planning forfinancial institutions, including tech-nological change, developments inthe regulatory environment, interna-tional sources of competition, devel-opments in monetary and FederalReserve policy, as well as entry bynew types of institutions into existingfinancial markets.

Note: Money and Banking, C15.0021,is no longer being offered by theDepartment of Finance as a part of theregular course offerings. Students whowish to take a similar course to Moneyand Banking are encouraged to take RiskManagement in Financial Institutions,C15.0022. Students who have alreadycompleted Money and Banking will not beallowed to enroll in Risk Management inFinancial Institutions.

Topics in Emerging FinancialMarketsC15.0023 3 credits. Prerequisites: C15.0007 and seniorstanding. The perspective in this course is thatof an investment manager who maybe responsible for investment portfo-lios at a bank, an insurance company,a pension or endowment fund, a personal trust, or a mutual fund.Emerging financial markets aroundthe world are examined. Problemsconsidered include political risk, currency risk, excess speculation ormarket manipulation, differingaccounting rules and standards, andperformance measure comparisonstandards. Financial investments con-

F I N A N C E 33

sidered range from stocks to bonds toderivatives to real estate. Class discus-sion and reading focus on both thetheoretical background and the prac-tical knowledge necessary to dealeffectively with the risks and oppor-tunities that are a part of emergingfinancial markets.

Debt InstrumentsC15.0026 3 credits. Prerequisite: C15.0002.Covers the valuation of fixed incomesecurities and investment strategiesutilizing them. Topics include themathematics of bond valuation,immunization, history of interest ratestructures, varieties of debt instru-ments, default, and country risk con-siderations. The role of financialfutures and options on bond portfoliostrategies is analyzed, as well as moretraditional approaches to debt portfo-lio strategies.

Behavioral FinanceC15.0029 3 credits. Prerequisite: C15.0007.Uses human psychology and marketfrictions to shed light on assetreturns, corporate finance patterns,and various Wall Street institutionalpractices. Starts with motivating evi-dence of return predictability instock, bond, foreign exchange, andother markets. It then proceeds tothemes including the role of arbi-trageurs in financial markets, the psy-chological and judgmental biases ofaverage investors, and the financingpatterns (such as capital structure and dividend policies) of firms whoraise capital in inefficient securitiesmarkets and/or are led by irrationalmanagers.

International FinancialManagementC15.0030 3 credits. Prerequisites: C15.0002 andC30.0011.Examines the operation of interna-tional currency exchange and capitalmarkets and applies financial man-agement principles to the financialdecisions of multinational corpora-tions. Addresses such topics asexchange rate forecasting, hedging ofexchange and political risk, andfinancing and capital budgeting bymultinational corporations. Readingsand case studies employed.

Real Estate and Capital MarketsC15.0038 3 credits. Prerequisite: C15.0002.Introduces students to real estatesecuritization from both an equityand debt perspective. Analyzes alter-native types of equity securitizationvehicles including real estate invest-

ment trusts (REITs), commingledreal estate funds (CREFs), real estatelimited partnerships (RELPs), masterlimited partnerships (MLPs), and realestate swaps. Introduces students tomortgage-backed securities (MBSs) asan example of real estate debt securi-tization. Explores mortgages withrespect to differences in their cashflows, prepayment, and default proba-bilities. Discusses the dynamics ofmortgage prepayments and pricingthe embedded call option in a mort-gage, followed by real-world applica-tions. Explores such mortgagederivatives as mortgage passthroughs, interest-only and principal-only strips, floaters and inversefloaters, and various types of collater-alized mortgage obligations such asplanned amortization classes.

Real Estate FinanceC15.0039 3 credits. Prerequisite: C15.0002. Corequisite:C15.0007.Covers theory and measurement ofreturn and risk on real estate financialdecisions. Topics include loan valua-tion theory, determination of futurecosts, discounting procedures for cashflows of income-producing properties,and utilization of negative cash flows.Finance theory is applied to realestate decisions regarding land subdi-vision, property development, lenderstrategies, and the role of governmentagencies in real estate.

Equity ValuationC15.0041 3 credits. Prerequisite: C15.0007.The first part of this course looks atpersonal financial management strate-gies. Students develop prototypeportfolios for individuals and familiesin different economic and demo-graphic settings. Most of the coursethen focuses on the valuation ofequity securities and investmentstrategies utilizing them. Topicsinclude the mathematics of equityvaluation, history of stock returns,and the many varieties of commonstock risk. Examines such issues asthe role of mutual funds and pensionfunds, technical stock analysis, andethical considerations in using infor-mation that impacts stock prices.Written reports and longer papers arerequired.

Investment TopicsC15.0042 3 credits. Prerequisites: C15.0007 and seniorstanding.Focuses on more advanced topics ininvestments. The course is somewhatquantitative in nature as the primaryfocus is on specialized types of securi-ties. Topics may include securities

trading practices, derivatives valua-tion models, hedging and risk man-agement techniques, and bondvaluation analysis. Other topics mayinclude empirical studies of pricebehavior in security markets andportfolio management techniques incomplex markets. Readings, problemsets, and short cases are employed.

Futures and OptionsC15.0043 3 credits. Prerequisites: C15.0007 and seniorstanding. Restriction: cannot be taken forcredit in addition to C31.0337.Covers derivatives and securities mar-kets. The primary focus is on financialfutures and options, but there are alsoreferences to the markets in commod-ity market instruments. Topicsinclude market institutions and trad-ing practices, valuation models, andhedging and risk management tech-niques. The material is inherentlymore quantitative than in some othercourses, and doing homework prob-lems is an essential part of the workexpected.

Investment BankingC15.0045 3 credits. Limited enrollment. Prerequisites:C15.0007 and senior standing. This course is a broad overview of therole of investment banking in modernsocieties. Explains which functionsare performed and how these tasks arecarried out in competitive and non-competitive environments. Conceptsdiscussed include the origination,syndication, and distribution of secu-rity issues. Other topics include thepricing of new issues and the manage-ment of issues in the after markets,the role of investment bankers inrestructuring industry, financing gov-ernments, and facilitating saving andinvestment. Ethical issues investmentbankers must face are considered.

Mergers, Acquisitions, andRestructuringC15.0050 2 credits. Prerequisite: C15.0008. Presents the theories and empiricalevidence on mergers, acquisitions,and restructuring. The effects of vari-ous policy options are analyzed in thecontext of their effects on firm value.Topics related to M and A includeevaluating acquisition targets, strate-gies of acquisition, and defensivemeasures against hostile acquisitions,their purpose and their consequences.Topics related to restructuringinclude restructuring transactions andstrategies, divestitures (spin-offs andsell-offs), and leverage buyouts(LBOs). Reorganization under finan-cial distress and bankruptcy and man-agement reorganization are also

F I N A N C E 34

considered. Combines lecture mate-rial, analysis of cases, quantitative andqualitative analyses, and discussionsof relevant news on such transactions.Suitable elective for students major-ing in finance as well as students inmanagement.

Risk and InsuranceC15.0081 3 credits. Prerequisite: C15.0007.Provides the background for under-standing the role of insurance andrisk management as it applies to busi-ness and personal pursuits. Includes areview of the major elements of lifeinsurance, property and casualtyinsurance, and health insurance; thefocus is on basic terminology, con-tract analysis, and investment impli-cations. Risk issues from the view ofboth the insurance company and cor-porate user of insurance are consid-ered. Illustrations apply to bothcorporate needs and an individual’sestate planning and insurance.

Distinguished Professor SeminarC15.0095 3 credits. Prerequisites: C15.0007, senior stand-ing, and permission of the undergraduatefaculty adviser. This seminar explores the researchinterests and professional philosophyof one or more of the Department ofFinance’s distinguished professors. Inthe past, the course has focused onsuch issues as the rapidly changingtechnology of Wall Street, investmentbanking opportunities and disasters,and the growth of the internationalfinancial markets. Outside seniorfinance executives may be brought inas guest lecturers. Students areexpected to participate in this tutorialseminar both by active class partici-pation and by written essay work.

Independent Study in Finance1-3 credits. Prerequisites: C15.0007 and permissionof the undergraduate faculty adviser.An opportunity for a select group ofseniors each year to work one-on-onewith a faculty member on a topic thestudent selects and is approved by thesupervising faculty member. The stu-dent is expected to spend as muchtime on the independent study aswould be spent on a regular course,and the topic selected may not repli-cate an existing course. An informa-tion sheet on the course is available atthe front desk of the departmentaloffice (Henry Kaufman ManagementCenter, Room 9-190) or on thedepartment’s Web site atwww.stern.nyu.edu/fin.

I N F O R M A T I O N S Y S T E M S 35

Information Systems (C20)

Program of Study

INFORMATION SYSTEMSMAJOR REQUIREMENTS (12 CREDITS)An information systems major atStern requires four information sys-tems electives in addition to the corecourse, C20.0001, InformationTechnology in Business and Society.Students may also take selected com-puter science electives, with the per-mission of the undergraduate facultyadviser.

INFORMATION SYSTEMSTRACKS (9 CREDITS)Information systems offers differentareas of study known as tracks, whichare separate from the information sys-tems academic major. They aredesigned for students who want/needsome knowledge of technology toaugment another major. An informa-tion systems track requires 9 creditsof Stern information systems electivesselected from the courses listed forthat area of study. Typically, at leastone of the courses is required for thetrack, and students cannot completemore than one. The tracks and thecourses toward the major are listedbelow.

Financial Systems This track is designed for studentscomajoring in finance who want to

understand systems in the financialservices industry.

Financial Information SystemsC20.0050 (required for track)

Computational Approaches toFinancial EngineeringC20.0036

Database Management SystemsC20.0046

Data Mining for BusinessIntelligenceC20.0057

Operations in Financial ServicesC60.0006

Decision ModelsC70.0007

Trading Strategies and SystemsC70.0035

Enterprise Systems This track is designed for studentswho are interested in the implemen-tation and implications of enterprise-wide systems and tools for personalproductivity. The courses are espe-cially useful for students who wish toenter a career in consulting.

Electronic CommerceC20.0038 (required for track)

Design and Development of Web-Based SystemsC20.0022


Data Mining for BusinessIntelligenceC20.0057

Decision Models C70.0007

Web-Based Systems This track is designed for studentswho want a deeper understanding ofInternet technologies. The Internethas become the standard method ofdelivering content to both internaland external users, as well as the basisfor new standards for interfacingbetween business processes. Thistrack includes courses that cover bothdevelopment techniques for Web-based systems as well as businessapplications.

Fundamentals of ComputerSystemsC20.0035 (required for track)

Design and Development of Web-Based SystemsC20.0022

Electronic CommerceC20.0038


Search and the New EconomyC70.0036

Courses FUNDAMENTAL COURSEInformation Technology inBusiness and Society C20.0001 4 credits. Fall and spring.Prerequisite: Sophomore standing.Provides the background necessary tomake decisions about computer-basedinformation systems and to be an“end-user.” Two major parts of thecourse are (1) hands-on experiencewith personal computers and (2)information systems management.Group and individual computerassignments expose students to elec-tronic spreadsheet analysis and data-base management on a personalcomputer. Management aspects focus

on understanding computer technol-ogy, systems analysis and design, andcontrol of information processing bymanagers.

ADVANCED COURSESDesign and Development of Web-Based SystemsC20.0022 3 credits. This course covers the issues and con-cepts in developing data-driven Websites. Students evaluate a variety ofdifferent Web developmentapproaches and architectures, includ-ing Java, Active Server Pages, .NET,and Web services. A variety of alter-native development approaches are

compared, looking at issues such asthe development environment andthe security, performance, scalability,and maintainability of systems devel-oped with the different approaches.The class is divided into studentteams. Each team implements a smallsystem using one of the supportedtechnologies. Students should havethe ability to build a simple Webpage and be proficient with commonMicrosoft Office business applica-tions, especially Access. Light pro-gramming is used.

I N F O R M A T I O N S Y S T E M S 36

Fundamentals of ComputerSystemsC20.0035 3 credits. Prerequisite: Programming experience.This course provides an in-depthintroduction to some of the majorcomputer technologies, includingcomputer systems organization, oper-ating systems, Java programming,and Web technologies. The materialcovered in this course is divided intothe following modules: (1) a crashcourse in Java, (2) an overview ofsome of the key Web technologies,and (3) computer organization andoperating systems. It is assumed thatthe student is either already familiarwith basic programming concepts(such as variables, arrays, conditionalbranching, loops, etc.) or will be ableto learn them fast. Upon the comple-tion of this course, students are ableto (1) understand some of the currentimportant Web technologies, includ-ing Java, XML, DOM/SAX/JAXP,and Web services technologies; (2) understand the organization ofmodern computers and the principlesof operations of operating systems;and (3) develop practical hands-onskills by learning Java, XML, andother Web technologies.

Electronic CommerceC20.0038 3 credits. Prerequisite: Sophomore standing.This course provides an understand-ing of e-commerce and its impact onfirms, industries, and markets. Thefundamental architecture of informa-tion processing within the firm ischanging as new Internet technolo-gies appear. How well firms are ableto master these new technologies andbusiness models is having an impor-tant impact on their overall success.This course describes the technologiesused in electronic commerce; discusses the resulting changes inorganization structure, industry, andsocietal behavior; and seeks to under-stand the forces that bring aboutthese changes.

Database Management SystemsC20.0046 3 credits.Prerequisite: Some programming experience.This course focuses on the overallmanagement of the data needs of anorganization and the design anddevelopment of database applications.Topics include conceptual data mod-eling, data security and integrity, dis-tributed data management, recoverystrategies, and overall databaseadministration. Students learn theSQL language—an industry standard

for relational databases—and designtheir own database applications usingan available database managementsystem such as Microsoft Access orOracle.

Financial Information SystemsC20.0050 3 credits.This course teaches students howmodern financial markets function asa network of systems and informationflows, and how to use informationtechnology for decision making intrading and managing customer rela-tionships. The first part of the coursedescribes how systems facilitate vari-ous kinds of payment and settlementmechanisms, enable financial marketssuch as exchanges and ECNs, andsupport interinstitution communica-tion. The second part of the coursedescribes how traders, analysts, andrisk managers use systems to copewith the vast amounts of data on theeconomy, markets, and customersthat flow into their systems each day.The course features a mix of casestudies, Excel-based illustrations andassignments, and the latest industrytools. It is particularly suited forfinance and marketing students inter-ested in understanding informationtechnologies in financial services froma practical career standpoint.

Computational Approaches toFinancial EngineeringC20.0055 3 credits. Prerequisites: C22.0103 or C22.0001and C15.0002.This course introduces the student toa variety of financial engineeringproblems and solution approachesusing software systems like Excel,Matlab, and SAS. Emphasis is on theunderlying data and how to access it,as well as techniques for attackingcommon problems such as the pricingof derivatives, evaluating risk,approaches to building quantitativetrading systems, and monte carlosimulation approaches in Value atRisk calculations. While by itsnature, the course requires somemathematical skills and an under-standing of probability theory, thereis no assumption that the student has a background in many of theadvanced mathematical concepts usedin the theory of financial engineering.

Data Mining for BusinessIntelligenceC20.0057 3 credits. This course teaches students how tostructure and solve business problemsusing data-driven analysis and model-ing. The course has three closelyrelated goals:

1. To introduce students to state-of-the-art data-mining methods thatsupport decision making by extract-ing useful knowledge from theincreasingly large volume of data thatorganizations collect.2. To provide an analytical frameworkwithin which students can applythese data-mining techniques success-fully to data-rich business problems.3. To give students hands-on experi-ence with using the techniques toextract knowledge from data.

The emphasis is on creative problemformulation and analysis. The courseassumes prior knowledge of MicrosoftExcel and the fundamentals of finance,marketing, and operations at the levelof the core courses at Stern. Priorexperience with a programming lan-guage or with data mining is usefulbut not necessary.

Independent Study in InformationSystems1-3 credits.Prerequisite: Permission of the undergrad-uate faculty adviser.Students work one-on-one with a fac-ulty member on a topic that the stu-dent selects and is approved by thesupervising faculty member. Studentsare expected to spend as much timeon the independent study as would bespent on a regular course, and thetopic selected may not replicate anexisting course.

ADDITIONAL COURSES THAT CAN BE TAKEN ASADVANCED INFORMATIONSYSTEMS ELECTIVESDecision ModelsC70.0007 3 credits.Full course description can be found in the Multidisciplinary Courses section(page 48).

Trading Strategies and SystemsC70.0035 3 credits.Full course description can be found in the Multidisciplinary Courses section(page 48).

Search and the New EconomyC70.0036 3 credits.Full course description can be found in the Multidisciplinary Courses section(page 48).

I N T E R N A T I O N A L B U S I N E S S 37

International Business

Program of Study

INTERNATIONAL BUSINESSCOMAJOR REQUIREMENTS(12-14 CREDITS)International BusinessManagementC50.0004

and either

International FinancialManagementC15.0030

or

International MarketingManagementC55.0064

Plus two electives; chosen from eitherinternational business or internationalnonbusiness, or a combinationthereof. Note: “Double Counting ofStern Course Work” (refer to page 78 inthe Policies and Procedures of the Collegesection of this bulletin)—a Stern electivecourse may satisfy only one major require-ment (e.g., International FinancialManagement can count toward the IBcomajor requirement OR as an advancedfinance elective, but it cannot satisfy bothrequirements).

Students comajoring in internationalbusiness should consult with theiradviser in the Stern Office ofAcademic Advising by the end oftheir sophomore year to ensure thatcourse distribution requirements arebeing met and to declare formally theinternational business comajor. Theinternational business undergraduatefaculty adviser is always available toadvise on international businesscourse selection or other mattersinternational business students maywish to discuss.

International Business ElectiveOptions(3-4 credits)

International FinancialManagementC15.0030(based on selection above)

Economies in TransitionC30.0031

Topics in Emerging Financial MarketsC15.0023

International MarketingManagementC55.0064 (based on selection above)

International Accounting andFinancial Statement AnalysisB10.3335

Economic DevelopmentV31.0323

Introduction to Economic Issues:Spain and Europe(offered at NYU in Madrid)V31.9170

International NonbusinessElective Options (4-8 credits)

Foreign LanguageStudents comajoring in international busi-ness are strongly encouraged to fulfill oneof their elective requirements for the coma-jor with the foreign language option.

Any 8 credits (or more) of coursework in a single foreign language willcount as one of the two electives foran international business comajor. Forexample, a student choosing thisoption would also need to choose oneadditional course from the business ornonbusiness options to satisfy thedepartment core requirements. Note:

Students may also take any 6-creditintensive language course (such asV45.0010, Intensive Elementary FrenchI) to satisfy this requirement.

Nonforeign LanguageIn general, an international nonbusi-ness elective is one that has some sig-nificant impact on business practicesof the 21st century. The internationalbusiness undergraduate adviser evalu-ates courses for appropriateness. Torequest a course evaluation, the inter-national business undergraduateadviser would need to receive the syl-labus of the course, in-person or via e-mail, and a description of therequest. Applicable courses may, butare not limited to, be offered throughthe College of Arts and Science,Wagner Graduate School of PublicService, and Tisch School of the Arts.

Examples of appropriate coursesinclude

• Modern South Africa and Ghana• Comparative Economic Systems• Cities in a Global Context• NYU in Florence—Italian

Politics• NYU in Prague—Ownership

and Corporate Control inAdvanced and TransitionEconomies

Examples of inappropriate coursesinclude

• Civilization and Religions• Development of Latin American

Culture• Topics: History of Science,

Technology, and Medicine inModern Europe

• NYU in London—A History ofLondon

• NYU in Madrid—Fascism

I N T E R N A T I O N A L B U S I N E S S 38

Courses CORE COURSESEconomics of Global BusinessC30.0011 3 credits. Fall.Prerequisites: V31.0001 and V31.0002or C30.0001, and sophomore standing. Full course description can be found in theDepartment of Economics section (page 25).

International Studies ProgramC50.0011 3 credits. Spring.Prerequisites: C30.0011 and juniorstanding.Full course description can be found in the Department of Management section(page 39).

ADVANCED COURSES (for juniors and seniors only)

International BusinessManagementC50.0004 3 credits. Fall and spring.Prerequisites: C30.0011, C50.0001.Recommended: Junior standing. Full course description can be found in the Department of Management section(page 39).

Topics in Emerging FinancialMarketsC15.0023 3 credits. Prerequisites: C15.0007 and seniorstanding. Full course description can be found in theDepartment of Finance section (page 32).

International FinancialManagementC15.0030 3 credits. Prerequisites: C15.0002 andC30.0011.Full course description can be found in theDepartment of Finance section (page 33).

Global Macro IssuesC30.0230 3 credits.Prerequisite: C30.0011.Full course description can be found in theDepartment of Economics section (page 27).

Economies in TransitionC30.0031 3 credits. Prerequisites: C30.0001 and sophomorestanding.Full course description can be found in the Department of Economics section (page 26).

International MarketingManagementC55.0064 3 credits. Prerequisite: C55.0001. Full course description can be found in the Department of Marketing section(page 44).

Independent Study inInternational Business1-3 credits.Prerequisite: Permission of the undergrad-uate faculty adviser.

M A N A G E M E N T A N D O R G A N I Z A T I O N S 39

Management and Organizations (C50)

Program of Study

MANAGEMENT MAJORREQUIREMENTS (12 CREDITS)Students who decide to major inmanagement must take four courses(12 credits) in advanced managementelectives in addition to the requiredBusiness Core course Managementand Organizational Analysis

(C50.0001). Some multidisciplinary(C70) courses have also been approvedto count toward fulfilling manage-ment major requirements.

Students majoring in manage-ment and organizations should con-sult with their adviser in the SternOffice of Academic Advising by theend of their sophomore year to ensurethat course distribution requirements

are being met and to formally declarethe management major. TheDepartment of Management andOrganizations undergraduate facultyadviser is always available to adviseon management course selection orother matters management studentsmay wish to discuss.

Courses CORE COURSESManagement and OrganizationalAnalysisC50.0001 4 credits. Fall and spring.Prerequisite: Sophomore standing. Highlyrecommended for all sophomores.This course addresses contemporarymanagement challenges stemmingfrom changing organizational structures, complex environmentalconditions, new technological devel-opments, and increasingly diverseworkforces. It highlights critical man-agement issues involved in planning,organizing, controlling, and leadingan organization. Ultimately, it aims tostrengthen students’ managerialpotential by providing general frame-works for analyzing, diagnosing, andresponding to both fundamental andcomplex organizational situations. Italso provides opportunities for stu-dents to enhance their communicationand interpersonal skills, which areessential to effective management.The structure of the course encourageslearning at multiple levels: throughin-class lectures, exercises, and discus-sions; in small teams carrying outprojects; and in individual reading,study, and analysis.

International Studies ProgramC50.0011 3 credits. Spring.Prerequisites: C30.0011 and juniorstanding.The International Studies Program(ISP) builds on the historical and cul-tural courses of the first two years ofundergraduate study and onEconomics of Global Business(C30.0011). Students develop frame-works and techniques for analyzinghow countries differ and the impactof those differences on opportunitiesfor the growth and profitability of

multinational firms headquartered inor investing in different countries.Students also develop concepts andtools useful in formulating competi-tive strategy for multinational firmscompeting in global industries.Working in teams, students carry outan in-depth study of a companylocated in a foreign country. Thisstudy consists of three parts: (1) awritten proposal; (2) research anddata collection from secondarysources, augmented by primaryresearch on-site in the foreign countryduring the spring semester break; and(3) preparation of a final report andoral presentation of findings. Teamwork and oral and written presenta-tion skills are an integral part of theISP. This course cannot be taken tomeet any elective requirements forthe management major.

ADVANCED COURSESInternational BusinessManagementC50.0004 3 credits. Prerequisites: C30.0011, C50.0001.Recommended: Junior standing.This course focuses on the “strategic”and “organizational” challenges fac-ing the multinational firm. The fol-lowing are the types of questions thatwe address. What differentiates aglobal from a domestic industry?How does/should a multinationaloperate in these different environ-ments? What are the sources of com-petitive advantage in a globalcontext? How does a multinationalcompany (MNC) play the globalchess game? Why and whendo/should companies engage in cross-border strategic alliances? What arethe associated risks and how to guard

against them? What potential rolescan foreign subsidiaries play in anMNC’s global strategy? What organi-zational structural alternatives areavailable to multinational companies?How do companies ensure coordina-tion between the center and the sub-sidiaries and among subsidiaries?How do/should multinational compa-nies manage knowledge and innova-tions? What do/should companies doabout the multicultural environmentin which they operate?

Managing People and TeamsC50.0007 3 credits. Prerequisite: C50.0001.This course combines theory withskill building to help students learnhow to be effective managers andteam members. Topics include issuessuch as power and politics, managingcollaboration in and across teams,motivating effort, performance, socialjudgment, and cross-cultural issues.Students learn (1) how organizationscan improve their effectivenessthrough better management of peopleand (2) how individual managers canbe more effective in working withand leading others. This course builds on the Management andOrganizational Analysis course byproviding a more in-depth look atbehavior within organizations.Extensive use is made of experientialexercises and small group discussions.

Technological Innovation andNew Product DevelopmentC50.0008 3 credits. Technology, innovation, and entrepre-neurship are some of the most frequently used terms in today’s busi-ness environment. Indeed, we arebombarded by products and technolo-


gies that are changing how we liveand work, e.g., MP3 and wireless orhigh definition television. The fol-lowing are some of the topics that arecovered. What is technology? Whatare the forces that shape its evolution?How should we forecast? What rolesdo strategic alliances, standards, andintellectual property play? Howshould we create product develop-ment teams? How should we createorganizations that foster innovation?What is the role of creativity in thedevelopment of new technologies?

Strategic Analysis for Success inthe Digital AgeC50.0016 2 credits. Prerequisite: C50.0001.The emphasis of this course is onusing the tools of organizational andstrategic analysis to understand thecompetitive vortex that has beencaused by digital convergence inentertainment, media, and technol-ogy firms. The course takes a manage-rial point of view—emphasizing theframing and resolution of large, mul-tidimensional problems. As such, thecourse asks students to act as advisersto general managers or as generalmanagers themselves. The courseinvolves case analyses that requireapplication of the conceptual materi-als read for each class. The structureof the class is based on the premisethat effective firm performance inthese conditions requires coordinationof people and groups of people.

Strategic Analysis for Leaders,Analysts, and ConsultantsC50.0020 2 credits. Prerequisite: C50.0001.This course focuses on the competi-tive strategy of the firm, examiningissues central to its short- and long-term competitive position. Studentsare asked to put themselves in therole of key decision maker and todevelop or maintain the competitiveadvantage of the firm in a givenindustry or industry segment. Thiscourse emphasizes the need to lookoutward to the environment andinward to the firm’s resources andcapabilities and operating policies.Students learn concepts and tools foranalyzing the competitive environ-ment, strategic position, and firm-specific capabilities in order tounderstand the sources of a firm’sadvantage. Businesses create value byoperating in positions within indus-tries that, by virtue of the characteris-tics of the industry, the position, andthe firm, are defensible from theencroachment of competitors anddeterioration of the environment as awhole. Additionally, students addresscorporate strategy issues. Corporatestrategy focuses on the management

and understanding of multiproduct,multilocation, and multibusinessfirms. This portion of the courseinvestigates the economic logic andorganizational constraints associatedwith diversification and horizontaland vertical integration.

Managerial SkillsC50.0021 3 credits. Prerequisite: C50.0001.Many companies bestow a manage-ment title on key talent and expectappropriate behavior to follow. Thatis not the most effective way todevelop future business leaders.Increasing self-awareness and beingopen to feedback are important firststeps in leading today’s business fortomorrow’s results. This coursefocuses primarily on the practicalaspects of managing. While based onsolid research, it stresses a hands-onapproach to improving students’management skills. Each sessionfocuses on (a) developing personalskills: self-awareness, managingstress, solving problems, and creativ-ity; (b) interpersonal skills: coaching,counseling, supportive communica-tion, gaining power and influence,motivating self and others, and man-aging conflict; and (c) group skills:empowering, delegating, and build-ing effective teams.

Women in LeadershipC50.0023 3 credits. In the past half century, women haveplayed increasingly prominent rolesin the U.S. labor force, as workers,managers, and executives. This phe-nomenon, arguably one of the mostsignificant in contemporary demogra-phy, has vast implications for organi-zations, individuals—both femaleand male—and the economy as awhole. In addition to the societalissues raised by women’s increasedlabor force participation, practical,day-to-day issues have arisen thatmust be addressed by individuals andthe organizations in which they work.The goal of this course is to assist stu-dents in developing an informed perspective on the organizationaldynamics businesses will face duringthe next decade; to recognize howbusiness organizations can capitalizeon the talent pool that has been cre-ated; and to provide insight into theopportunities and obstacles studentsmay encounter because of the changesdescribed.

Managing ChangeC50.0025 3 credits. Prerequisite: C50.0001. Recommended:C50.0007.Managing change is a central concernfor today’s managers, as business envi-ronments become increasingly com-

petitive, knowledge driven, and com-plex. Managing change is the primaryfocus of the management consultingindustry. Yet according to manage-ment experts, 70 percent of corporatechange initiatives fail for various rea-sons including internal resistance anddistrust, difficulties aligning the newstrategic direction with existing capa-bilities, and lack of vision. Managingin turbulent times requires a solidunderstanding of what change isabout, what are its critical aspects,and how one can lead change initia-tives in a disciplined and successfulway. Case analysis and applied proj-ects are the major vehicles for learn-ing in this course. Assignments aredesigned not only to assess students’grasp of relevant theories and analyti-cal tools, but also to enhance commu-nication skills relevant to generalmanagement. This course is particu-larly relevant for students who plan topursue careers as general managers ormanagement consultants.

Negotiation and ConsensusBuilding C50.0030 2 credits. Effective negotiation and consensus-building skills are essential for success in almost any work lifedomain—whether your goal is to bean entrepreneur, film producer, busi-ness manager, or political leader. Thepurpose of this course is to study howpeople reach agreement and todevelop an analytical approach forreaching more effective agreements inorganizational settings. The coursedraws from research in psychologyand economics to provide academiccontent, while making use of role-playing exercises and experientiallearning to emphasize key appliedlessons.

Patterns of EntrepreneurshipC50.0085 3 credits.This course offers a framework forunderstanding the entrepreneurialprocess and exposes students to chal-lenges, problems, and issues faced byentrepreneurs who start new busi-nesses. Case studies are the principalteaching method, supplemented bylectures, business cases, and guestspeakers. Major objectives are for stu-dents to learn how to identify andevaluate business opportunities,develop a business concept and assessand obtain the required resources, andmanage the growth of new ventures.

Senior Seminar: OrganizationDesignC50.0300 3 credits. Prerequisite: Senior standing.This seminar introduces students toconcepts of organization design andhow they have developed and


changed, moving from static notionsbased on unchanging, objectiveworlds, to dynamic notions based onchanging subjective worlds thatdesigners construct and influence.The emphasis in discussions and proj-ects is on exploring how organizationdesigns adapt and evolve over time,generating not only anticipated but also unanticipated outcomes.Students learn how in their evolution,organization designs affect not onlyorganizational performance but alsothe quality of organizational life.

Independent Study inManagement and Organizations1-3 credits. Prerequisite: Permission of the undergrad-uate faculty adviser.For students of academic quality whowish to engage in intensive independ-ent study of management issues or topursue a career-related subject area ofmanagerial significance. Requires thecompletion of an individual reportbased on the student’s investigation,research, and critical analysis. Mustbe supervised by regular, full-timefaculty and approved by the manage-ment department’s undergraduatefaculty adviser.

ADDITIONAL COURSES THATCAN BE TAKEN ASADVANCED INFORMATIONSYSTEMS ELECTIVESDecision ModelsC70.0007 3 credits.Full course description can be found in theMultidisciplinary Courses section (page48).

Competitive AnalysisC70.0015 3 credits.Full course description can be found in theMultidisciplinary Courses section (page48).

M A R K E T I N G 42

Marketing (C55)

Program of Study

MARKETING MAJORREQUIREMENTS (12 CREDITS)Students who wish to major in marketing must take 12 credits ofmarketing courses in addition to therequired Business Core course Intro-duction to Marketing (C55.0001).These 12 credits include the follow-ing courses:

Consumer BehaviorC55.0002

Marketing ResearchC55.0009

Plus 6 credits of advanced marketingelectives. Students may take market-ing electives in any combination of 3-credit courses or 2-credit minicourses.

Students majoring in marketingshould consult with their adviser inthe Stern Office of AcademicAdvising during their sophomoreyear to ensure that course distributionrequirements are being met and todeclare the marketing major formally.The Department of Marketing’sundergraduate faculty adviser is avail-able to advise on marketing courseselection or other matters marketingstudents may wish to discuss.

Students interested in augmentingtheir studies of marketing research areencouraged to consider a double majorin marketing and statistics. Studentsinterested in this area of study shouldmeet with the faculty advisers formarketing and statistics and their academic adviser to discuss how thiscombination might impact their cho-sen curricular path. Please see page 45for more information on the statisticsmajor.

Courses CORE COURSE Introduction to MarketingC55.0001 4 credits. Fall, spring, andsummer. Prerequisite: Sophomore standing.Evaluates, from the managementpoint of view, marketing as a systemfor the satisfaction of human wantsand a catalyst of business activity.Deals with the subject at all levels,from producer to consumer, andemphasizes the planning required forthe efficient use of marketing tools inthe development and expansion ofmarkets. Concentrates on the princi-ples, functions, and tools of market-ing, including quantitative methods.Utilizes cases to develop a problem-solving ability in dealing with spe-cific areas.

FUNDAMENTAL COURSESConsumer BehaviorC55.0002 3 credits. Fall, spring, andsummer. Prerequisites: C55.0001 and sophomorestanding.Presents a comprehensive, systematic,and practical conceptual frameworkfor understanding people as con-sumers—the basic subject matter ofall marketing. Draws on the socialsciences to evaluate the influence ofboth individual and ecological factorson market actions. Discusses relevantpsychological and sociological theo-ries and demonstrates how they canbe used to predict consumers’ reac-

tions to strategic marketing deci-sions. Basic methodologies forresearch in consumer behavior aredeveloped and applied. Emphasis ison developing applications of behav-ioral concepts and methods for mar-keting actions.

Marketing ResearchC55.0009 3 credits. Fall and spring. Prerequisites: C55.0001 and eitherC22.0001 or C22.0103, and sophomorestanding.Designed to provide the student withboth research and managerial per-spectives in the development andapplication of marketing researchtools and procedures. Describes thedevelopment of research designs fromproblem formulation to analysis andsubmission of the research report.Analyzes techniques of marketingresearch such as focus groups, experi-mental design, surveys, sampling,statistical analysis, and reporting.Cases are utilized in the developmentof methods and in specific areas ofapplication.

ADVANCED COURSES(for juniors and seniors)

Advertising ManagementC55.0003 3 credits. Prerequisite: C55.0001.Provides students with a comprehen-sive framework and the tools tounderstand the advertising processand to appreciate managerial and the-

oretical perspectives in advertising.Describes the stages in developing anadvertising plan from analyzing thesituation and defining clear advertis-ing objectives to execution. Presentsstudents with tools related to variousskill areas in advertising, includingaccount planning, media planningand buying, and copywriting/artdirection, while allowing a broaderappreciation of how each of these skillareas fit into the overall structure ofthe advertising process. Course workinvolves a comprehensive group proj-ect that utilizes learning in all func-tional areas of advertising whilesimulating development of an adver-tising campaign.

Film and Television Distributionand FinanceC55.0020 2 credits. Designed to give business and filmstudents a basic understanding ofhow the production of feature filmsand cable and broadcast televisionfilms and series are financed. Exploresthe players who invest in production,why they are investing, and howthese transactions are accomplished.Covers the basic elements of thesetransactions, such as copyrightexploitation, distribution, and theflow of funds. Examines examples of“real-world” transactions involvingbank financing of feature films, dis-tributor and producer coproductionsand cofinancings, cable televisionfinancings, and the funding of series


for broadcast television. The coursealso includes a case study of produc-ing in Canada.

Entertainment FinanceC55.0021 2 credits.This course is an introduction to theworld of entertainment from the per-spective of the chief financial officer. Itis designed so that the students attaina basic financial understanding of avariety of entertainment subcategoriesincluding film, television, music,cable, and the Internet. Prior knowl-edge of the entertainment industry orfinance is not assumed. Each area ofentertainment has a unique structureand language and is a prerequisite tothe application of financial thinking.Upon the completion of this course,the student should have an under-standing of the structure, language,and financial considerations of each ofthe entertainment sectors presented.In addition to text materials, real-lifeexamples are presented and includevignettes ranging from films such asTitanic and Apollo 13 to televisioncommercials to Internet successes andfailures. Accounting and finance prin-ciples are introduced and appliedthroughout the course.

Movie MarketingC55.0022 2 credits. Designed to give students a basicunderstanding of the key businessissues relating to producing, distrib-uting, marketing, and exploiting fea-ture films. The course examines keyaspects of the movie business, includ-ing managing a creative enterprise,deal making, acquiring rights, build-ing a library, branding, and all aspectsof effective marketing.

Impact of Technology onEntertainment and MediaC55.0023 2 credits. Technology has impacted almostevery industry, but its impact onentertainment has been and will con-tinue to be particularly profound.Throughout the value chain, fromcontent creation, to distribution andconsumption, technology haschanged the way consumers view anduse entertainment. It has dramaticallyaltered the entertainment landscape,with more changes on the way.Advertising is another industry thattouches all of us, hundreds of times aday. It too is beginning to feel signifi-cant impact from changes in technol-ogy, brought on by audiencefragmentation, interactivity, andVOD technology. This course pro-vides a brief introduction to each ofthese industries and examines theimpact that technology has had onthem, including a realistic assessmentof possibilities for the future.

Entertainment and MediaIndustriesC55.0040 2 credits. Provides students with a frameworkfor understanding key marketingissues facing organizations in theentertainment industry. Establishes abasis for the formulation of market-ing tactics and strategies for firmscompeting for consumers’ discre-tionary spending. Covers recentdevelopments in major sectors of theentertainment industry, includingmovies, television, cable, theatre, andsports. Examines issues that cut acrossall types of entertainment marketing,including licensing and promotion.Uses case studies and projects.

Media PlanningC55.0041 2 credits.This course is designed to provideyou with a framework for understand-ing the role of strategic media plan-ning in the overall context ofmarketing and advertising decisions.It covers audience research as well asselection, evaluation, and planning ofall major advertising media and con-siders various decisions and problemsthat arise in the media planningprocess. The knowledge gained inthis course is useful for those inter-ested in any career that requires themto interact with the media industries,such as brand management, advertis-ing, research, as well as the media andentertainment industry.

Television Management: Network,Cable, and SatelliteC55.0044 2 credits. This introduction to the broadcastand cable television industries from abusiness perspective provides a basisfor understanding how the televisionindustry works and focuses on theprimary areas of concern for today’stelevision executives including pro-gramming, production, advertising,regulation, and the effects of newtechnologies. The goal of the course isto provide (1) an understanding of theeconomics of the television industry,(2) an appreciation of the differencesbetween broadcast, cable, and satel-lite television, and (3) an overview ofthe major issues facing televisionmanagement.

Globalization of the EntertainmentIndustryC55.0046 2 credits.Provides a framework for understand-ing the global expansion of media andentertainment companies. Examinesthe impact that the significant exportgrowth of American leisure productsand services has on the U.S. economy.Analyzes the strategies of severalleading entertainment and mediamultinational companies and the

development of their entertainmentbusinesses within the major worldeconomic zones. International speak-ers, cases, and readings are used inthis course.

Sports MarketingC55.0047 2 credits.Provides an overview of sports mar-keting as a component of a fully inte-grated marketing communicationstrategy. Studies the history and con-temporary application of sports mar-keting as a method to achieve goals.Considers corporate as well as sport-ing property use of sports marketingstrategies to achieve business objec-tives. Examines strategies thataddress critical business constituen-cies, including consumers, trade fac-tors, employees, and the financialcommunity. Covers sports marketingwithin the context of special sportingevent sponsorships and professionalsports teams as well as governingorganizations, sports media (broad-cast, print, and the Internet), licens-ing, hospitality, etc.

The Business of ProducingC55.0049 2 credits.A specialized EMT course within theBerkley Center for EntrepreneurialStudies designed to provide studentswith a framework for understandingthe dynamics of producing (as a busi-ness profession) a finished creativeproduct in the entertainment andmedia industries, developing a busi-ness model, and generating an incomestream to repay and provide investorswith a profit. Educates the student inthe process of feature film and long-form television production from theinitial concept of the story, throughscript development, to completion ofthe project. Covers the most impor-tant steps in the production of anindependent film, a studio project, anetwork TV or cable show, a radioprogram, a Broadway production, andan advertising television commercial.Explores all the elements a producermust know, understand, and eventu-ally become skilled with throughmastery of development, includingscript selection, finance, budgeting,timetable development, team build-ing, talent selection, sales, contractand union negotiation, regulations,technology, and other relevant corecompetencies.

Craft and Commerce of Cinema:Tribeca Film FestivalC55.0051 2 credits.This is a master class for undergradu-ate students in cinema development,financing, distribution, marketing,and producing, to be taught at theStern School in coordination and part-nership with the Tribeca Film


Festival. The course will take placeeach spring, from February to May,with several lectures held at Sternbefore the festival. The course will berestricted to 25 students only, selectedby the professors from applicants.

Pricing StrategiesC55.0053 3 credits. Prerequisite: C55.0001.Pricing is one of the most importantbut least understood marketing deci-sions. This course is designed toequip participants with the frame-works, techniques, and latest think-ing on assessing and formulatingpricing strategies. Students learn theprocess of making pricing decisionsand explore innovative approaches forsetting prices. Emphasis is on ways tohelp firms in diverse industriesimprove their pricing. Topics of dis-cussion include pricing of durablegoods, pricing of consumer packagegoods, pricing of services, pricing ofinformational goods, new productpricing, price promotions, behavior-based pricing, price bundling, non-linear pricing, targeted pricing,pricing through a distribution chan-nel, and international pricing. Uponsuccessful completion of this course,students (1) gain a solid understand-ing of pricing practices across different industries, (2) learn state-of-the-art frameworks for analyzing pricing issues, and (3) master theessential techniques for making prof-itable pricing decisions while think-ing strategically.

Strategic Marketing Planning andManagementC55.0055 3 credits. Prerequisites: C55.0001 and twoadvanced marketing courses.Develops the understanding of therole and functions of strategic mar-keting management in total corporateactivities. Stresses the integration ofproduct, consumer, research, distribu-tion, promotion, budget, and market-ing campaign feedback into amanagerial framework. Considers theapplication of marketing resources tomarketing opportunity within theframework of the marketing concept.The emphasis is on strategic market-ing planning and decision makingand the use of data to assist the deci-sion maker. Case problems are ana-lyzed in depth.

New Product DevelopmentC55.0060 3 credits. Prerequisite: C55.0001.New products and services are vital tothe success of all companies. However,innovation is risky and most newproducts fail in the marketplace. Veryoften, ineffective marketing is the pri-mary cause of new product failures.Thus, expertise in the marketing anddesign of new products is a criticalskill for all managers, inside and out-side of the marketing department.The course work focuses on the toolsand techniques associated with analyz-ing market opportunities and thendesigning, testing, and introducingnew products and services. Both quan-titative and qualitative approaches arecovered. In particular, the course covers the new product developmentprocess, market-entry strategies, howto generate new product ideas, map-ping customer perceptions, segmenta-tion, product positioning, forecastingmarket demand, and product design.The course emphasizes how to incor-porate customers and competitors intoall of these aspects of new productdevelopment. It is intended for stu-dents who are interested in workingon new product innovations, both inentrepreneurial firms and in estab-lished companies.

International MarketingManagementC55.0064 3 credits. Prerequisite: C55.0001. Examines the specific issues involvedin entering international markets andin conducting marketing operationson an international scale. Attention isfocused on problems such as identify-ing and evaluating opportunitiesworldwide, developing and adaptingmarket strategies in relation to spe-cific national market needs and con-straints, and coordinating globalmarketing and branding strategies.Emphasis is on strategic issues relat-ing to international operations ratherthan on technical aspects of exportingand importing.

Decision-Making Strategies inMarketing and ManagementC55.0065 3 credits. Prerequisite: C55.0001.Successful marketing and businessstrategy depends on a thoroughunderstanding of how people makedecisions. Although traditional“rational” models of human reasoningmake clear predictions about how

people should make decisions, thesemodels fail to fully capture how man-agers and consumers actually makedecisions in the real world. The pur-pose of this course is to inform futuremanagers and consultants of thesometimes counterintuitive but oftenpredictable rules, processes, andheuristics that guide everyday judg-ment and decision making, as well ashow knowledge of these rules can beutilized to improve marketing andbusiness strategy.

Independent Study in Marketing1-3 credits. Prerequisites: Senior standing,C55.0001, C55.0002, C55.0009, 6additional credits of marketing electives,and adherence to the Independent StudyProposal Guidelines (available from theDepartment of Marketing or the SternOffice of Academic Advising).An opportunity to work one-on-onewith a faculty member on an advancedtopic selected by the student that isnot covered in any marketing course.

ADDITIONAL COURSES THATCAN BE TAKEN ASADVANCED MARKETINGELECTIVESDecision Models C70.0007 3 credits.Prerequisite: C60.0001.Full course description can be found in theMultidisciplinary Courses section (page48).

Competitive AnalysisC70.0015 3 credits.Prerequisite: C30.0001 or V31.0002.Full course description can be found in theMultidisciplinary Courses section (page48).

Search and the New Economy C70.0036 3 credits. Prerequisite: C20.0001.Full course description can be found in theMultidisciplinary Courses section (page48).

S T A T I S T I C S A N D A C T U A R I A L S C I E N C E 45

Statistics and Actuarial Science (C22)

Programs of Study

It is highly recommended that a stu-dent complete a second major inStern if statistics is selected as one ofthe majors. Some examples of doublemajor combinations include the fol-lowing: statistics and finance; statis-tics and marketing; and statistics andeconomics.

Students in the statistics majorshould consult with an adviser in theStern Office of Academic Advising bythe end of their sophomore year toensure that course distributionrequirements are being met and toformally declare the statistics major.The statistics and actuarial scienceundergraduate faculty adviser isalways available to advise on the sta-tistics major course selection or othermatters statistics major students maywish to discuss.

Students interested in augment-ing their studies of marketingresearch are encouraged to consider adouble major in marketing and statis-tics. Students interested in this areaof study should meet with the facultyadvisers for marketing and statisticsand their academic adviser to discusshow this combination might impacttheir chosen curricular path. Pleasesee page 42 for more information onthe marketing major.

STATISTICS MAJOR REQUIREMENTS (12 CREDITS)To complete a statistics major, a stu-dent must take 12 credits of statisticscourses, which includes the following:

Regression and Multivariate DataAnalysis*C22.0017

or

Statistical Inference andRegression Analysis†

C22.0015/B90.3302

Plus any three of the followingcourses:

Regression and Multivariate DataAnalysis*C22.0017 (if not already selected)

Forecasting of Time Series Data*C22.0018

Applied Stochastic Processes forFinancial Models*C22.0008

Mathematics of Investment†

C22.0027/B90.2309

Introduction to the Theory ofProbability†

C22.0014/B90.3301

Statistical Inference andRegression Analysis†

C22.0015/B90.3302 (if not alreadyselected)

Introduction to StochasticProcesses†

C22.0021

Life Contingencies†

C22.0037

Financial Engineering*C20.0055

Data Mining and BusinessIntelligence*C20.0057

Decision Models*C70.0007

ACTUARIAL SCIENCE MAJORREQUIREMENTS (31 CREDITS)Students majoring in actuarial scienceshould consult with an adviser in theStern Office of Academic Advising bythe end of their sophomore year toensure that course distributionrequirements are being met and toformally declare the actuarial sciencemajor. The statistics and actuarial sci-ence undergraduate faculty adviser isalways available to discuss actuarialscience course selection or other mat-ters students may wish to discuss.Statistics (C22) courses count as lib-eral arts electives.

To complete the actuarial sciencemajor, students must complete thefollowing courses:

Introduction to the Theory ofProbabilityC22.0014/B90.3301

Mathematics of InvestmentC22.0027/B90.2309

Financial ManagementC15.0007The course C15.0007 from theDepartment of Finance covers topics thatappear on the actuarial examinations.

Calculus IV63.0121

Calculus IIV63.0122

Calculus III V63.0123

Linear Algebra V63.0124

Plus two of the following fourcourses‡:

Statistical Inference andRegression AnalysisC22.0015/B90.3302

Forecasting of Time Series DataC22.0018/B90.2302

Life ContingenciesC22.0037/B90.3335

Introduction to StochasticProcessesC22.0021/B90.3321

* Courses that only require the Business Core at Stern.† Courses that have additional mathematics andother prerequisite requirements.‡ Students are encouraged to take all four ofthese courses, although only two are required forthe major.


Courses CORE COURSEStatistics for Business Control andRegression and ForecastingModelsC22.0103 6 credits. Fall, spring, andsummer.Prerequisite: V63.0121. Note: Thiscourse combines C22.0001 andC22.0003.Modern statistical methods as a basisfor decision making in the face ofuncertainty are examined. Topicsinclude probability theory, discreteand continuous distributions,hypothesis testing, estimation, andstatistical quality control. With theaid of the computer, these statisticalmethods are used to analyze data.Also presented are an introduction tostatistical models and their applica-tion to decision making. Topicsinclude the simple linear regressionmodel, inference in regression analy-sis, sensitivity analysis, and multipleregression analysis.

Statistics for Business ControlC22.0001 4 credits. Fall and spring. This course is not to be taken by studentswho have taken C22.0103. Prerequisite:V63.0121. Modern statistical methods as a basisfor decision making in the face ofuncertainty are examined. Topicsinclude probability theory, discreteand continuous distributions,hypothesis testing, estimation, andstatistical quality control. With theaid of the computer, these statisticalmethods are used to analyze data.

Regression and ForecastingModelsC22.0003 2 credits. Fall and spring.This course is not to be taken by studentswho have taken C22.0103. Prerequisite:C22.0001 or equivalent. Presents an introduction to statisticalmodels and their application to deci-sion making. Topics include the sim-ple linear regression model, inferencein regression analysis, sensitivityanalysis, and multiple regressionanalysis.

ADVANCED COURSESApplied Stochastic Processes forFinancial ModelsC22.0008 3 credits. Cross-listed with B90.2308.Prerequisite: C22.0103 or C22.0003.Presents a mathematical backgroundfor the stochastic processes that arewidely employed as modeling tools infinance. The emphasis is on an intu-itive approach and examples ratherthan on proofs and mathematicalrigor. Topics include random walks,

martingales, Markov chains, Poissonprocess and other continuous timeMarkov chains, Brownian motion,geometric Brownian motion, andother diffusion processes. The rele-vance of the considered processes tofinancial modeling is stressedthroughout. In particular, applicationsto pricing of derivative securities andto modeling of the term structure ofinterest rates are discussed.

Categorical DataC22.0010 3 credits. Cross-listed with B90.3307.Prerequisite: C22.0015/B90.3302.Introduces discrete random variables,with most of the emphasis going tothe bivariate and multivariate situa-tions. Major topics are the chi-squaredstatistic, Fisher’s exact test, odds ratioestimates and intervals, sets of tables,the log-linear model, model fitting,and logit analysis. Minor topics thatmay be covered are the Mantel-Haenszel statistic, rate standardizing,and detailed modeling of interactionin the two-dimension table.

Sampling TechniquesC22.0011 3 credits. Cross-listed with B90.3308.Prerequisite: C22.0015/B90.3302.Considers commonly used samplingschemes such as simple, random,stratified, multistage, and doublesampling and examines their effi-ciency. Studies methods of estimation,including ratio and regression. Othertopics include poststratification, mul-tivariate surveys, analytic studies,problems of nonresponse, nonsam-pling errors, and randomized responsetechnique. Theory is illustrated withexamples from diverse fields.

Introduction to the Theory ofProbabilityC22.0014 3 credits. Cross-listed with B90.3301.Prerequisites: V63.0121 andV63.0122; also suggested C22.0103.Covers the basic concepts of probabil-ity. Topics include the axiomatic defi-nition of probability; combinatorialtheorems; conditional probability andindependent events; random variablesand probability distributions; expec-tation of functions of random vari-ables; special discrete and continuousdistributions, including the chi-square, t, F, and bivariate normal dis-tributions; law of large numbers;central limit theorem; and momentgenerating functions. The theory ofstatistical estimation is introducedwith a discussion on maximum likeli-hood estimation.

Statistical Inference andRegression AnalysisC22.0015 3 credits. Cross-listed with B90.3302.Prerequisites: V63.0121, V63.0122,V63.0124, and C22.0014.Consists of two distinct components:statistical inference and regressionanalysis. Statistical inference topicsinclude the principles of statisticalestimation and inference, NeymanPearson Lemma, testing of means,variances, tests of independence, andnonparametric methods. Regressionanalysis discusses the general linearregression model, least squares esti-mation, departures from standardassumptions, autocorrelation, multi-collinearity, analysis of residuals,choice of variables, and nonlinearmodels.

Regression and Multivariate DataAnalysisC22.0017 3 credits. Cross-listed with B90.2301 andB90.3312. Can be substituted forC22.0015 (B90.3302). Prerequisite:C22.0103 or C22.0003.A data-driven, applied statisticscourse focusing on the twin subjectsof regression and multivariate dataanalysis. Emphasizes applications tothe analysis of business data andmakes extensive use of computer sta-tistical packages. Topics include dataanalysis and management, multiplelinear and nonlinear regression, selec-tion of variables, residual analysis,model building, autoregression, andmulticollinearity. Topics in multivari-ate data analysis include principalcomponents, analysis of variance, cat-egorical data analysis, factor analysis,cluster analysis, discriminant analysis,and logistic regression.

Forecasting Time Series DataC22.0018 3 credits. Cross-listed with B90.2302 andB90.3312. Prerequisite: C22.0103 orC22.0003.The course is an exposition of timeseries and forecasting techniques withemphasis on ideas, methods, andinterpretations. Discusses the deter-mination of the best analytical modelfor a given problem and the applica-tion of this model in the decision-making process for purposes thatinclude description, explanation, andcontrol of time-dependent data.Illustrates all techniques with casestudies and uses computer programpackages as an aid for obtaining solu-tions. The major focus is the Box-Jenkins approach to modeling andforecasting time series. Topics includemodel building, model selecting,


descriptions of timing and correlationrelationships among data sets andforecasting models, estimation, anddiagnostic checking. Other topics areseasonal adjustment, exponentialsmoothing models, state space mod-els, and nonlinear models.

Introduction to StochasticProcessesC22.0021 3 credits. Cross-listed with B90.3321.Prerequisites: V63.0121, V63.0122,and C22.0014.This is an introductory course in sto-chastic processes. Presents classes ofstochastic processes, which are widelyused as modeling tools in many fieldsof application, including finance, eco-nomics, accounting, and actuarial sci-ence. Covers basic theory of discreteand continuous time Markov chains,Brownian motion and its generaliza-tion, and martingales. Also discussesstatistical aspects of these processes.In the final part of the course, intro-duces the idea of stochastic integra-tion and develops the rules ofstochastic calculus. If time permits,also considers some stochastic differ-ential equations.

Mathematics of InvestmentC22.0027 3 credits. Cross-listed with B90.2309.Prerequisites: V63.0121 andV63.0122; C15.0002 also suggested.Discusses the mathematical and tech-nical aspects of investments. Topicsinclude measurement of interest anddiscount rates, accumulated value andpresent value, annuities, sinkingfunds, amortization of debt, anddetermination of yield rates on securi-ties. Applications include bond evalu-ation, mortgages, capital budgeting,and depreciation methods.

Life ContingenciesC22.0037 3 credits. Cross-listed with B90.3335.Prerequisites: C22.0014 andC22.0027/B90.2309.Applies probability and mathematicsof investment to problems of premi-ums and reserves on annuities andinsurance policies. Topics includeprobabilities of mortality, laws ofmortality, joint life probabilities andannuities, and multiple decrementtheory. Applications to pension plansare discussed.

Independent Study in Statistics,Operations Research, or ActuarialScience1-3 credits. Prerequisite: Permission of the undergrad-uate faculty adviser. For selected students whose academicrecords indicate ability to conductindependent research. Each studentmakes an intensive study of some topicof his or her own choosing, subject tothe approval of the instructor. Includedare seminar sessions for group discus-sions of the various projects.

ADDITIONAL COURSE THATCAN BE TAKEN ASADVANCED STATISTICSELECTIVEDecision ModelsC70.0007 3 credits.Prerequisite: C60.0001.Full course description can be found in the Multidisciplinary Courses section(page 48).

ultidisciplinarycourses maycount towardmultiple

majors and/or are specialized

classes that do not neatly fitinto one department oranother. Courses that havebeen offered in the past arelisted below. Students are

encouraged to research themultidisciplinary course offer-ings each semester on theStern Web site and on Albert.

M U L T I D I S C I P L I N A R Y C O U R S E S 48

Multidisciplinary Courses

MDecision Models C70.0007 3 credits.Prerequisite: C60.0001. Counts toward statistics, information sys-tems, marketing, and management majors.An introduction to basic principlesand techniques of applied mathemati-cal modeling for managerial decisionmaking (models used in fields such asfinance, operations, and marketing).Students learn the use of importantanalytical methods (e.g., spreadsheetmodeling, Monte-Carlo simulation)to recognize their assumptions andlimitations and to employ them indecision making. Emphasis is placedon model formulation and interpreta-tion of results, not mathematical the-ory. Aimed at undergraduates withlittle prior exposure to modeling and quantitative analysis, but appro-priate for all students who wish tostrengthen their quantitative skills.

Competitive AnalysisC70.0015 3 credits.Prerequisite: C30.0001 or V31.0002. Counts toward business economics, market-ing, and management majors.Economic approach to analyzing theway firms make marketing decisionsand interact strategically with eachother in the marketplace. The maingoal of this course is to develop thebasic intuition for pricing and otherforms of strategic behavior on thepart of firms.

Trading Strategies and SystemsC70.0035 3 credits.Prerequisites: C20.0001 andC15.0002.Counts toward information systems major.This course describes how equity andderivatives markets work and thecommonly employed trading strate-gies employed by professionals in

these markets. The course focuses onhow to construct indicators thatmeasure the state of a market, thedevelopment of trading strategiesbased on these indicators, and themeasurement and management ofrisk associated with the strategies.The course is useful to anyone inter-ested in hedge funds, sales and trad-ing, operations, and technology.

Search and the New Economy C70.0036 3 credits. Prerequisite: C20.0001. Counts toward information systems andmarketing majors.Introduces students to the changesthat search technology brought inbusiness and society. The courseexamines information asymmetries,which are at the very core of manyindustries. Many business models rely(even without realizing this) on suchinformation asymmetries (real estateindustry, banking, news, and so on).

Entrepreneurship C70.0040 2 credits.Counts toward entrepreneurship specialization.Discusses how the Internet has cre-ated a truly global and completelyinterconnected world economy. Theability to reach and target your cus-tomer is much greater and the cost tosell your product is much cheaper,creating businesses that can get tomarket rapidly, build scale with capi-tal efficiency, and create value for itsfounders and investors. Focuses on thedynamics of this new business envi-ronment and the steps necessary tobuild a business in a Web 2.0 econ-omy. Also focuses on the steps oneshould evaluate when launching anew venture and how (and when andwhether) to secure financing. The

course mixes case studies, lectures,and field trips to actual companies.Students work to create a businessplan that is presented to the class.The top three business concepts areinvited to a leading NYC-based ven-ture firm for a presentation to itspartners for funding.

Entertainment LawC70.0048 2 credits.Counts toward entertainment, media, andtechnology specialization and business ofentertainment, media, and technologyminor.This survey course focuses on theentertainment aspects of mass media.Major topics include the limits of freepress and the balance between theright to publish and the right to pri-vacy, torts, and other laws.

Entrepreneurship and Law inPracticeC70.0086 2 credits.Prerequisite: C50.0085, only if a studentwishes to count it as an elective toward themanagement major.Counts toward entrepreneurship specialization.The course is designed around twogames: the law game and the entre-preneurship game. The entrepreneur-ship game focuses on the legal andfinancial issues an entrepreneur con-siders in starting a business (teamsfollow the life-cycle of a business theycreate—it is our hope that some stu-dents may go on to create companiesstarted in the game!). The law gamesimulates a civil trial from inceptionto end. Students draft pleadings,gather facts, perform depositions ofwitnesses, and prepare the finalcase—facing off in front of a judge.

M U L T I D I S C I P L I N A R Y C O U R S E S 49

Business Start-up Senior SeminarC70.0301 3 credits.Counts toward entrepreneurship specialization.This course is a senior undergraduateseminar elective that provides stu-dents the opportunity to write a busi-ness plan for their for-profit or socialimpact venture. It focuses on tyingtogether the disciplines of finance,marketing, management, and opera-tions in a practical and applied way.

Using lectures and discussions, casestudies, guest speakers, and consult-ing by the course faculty, teams ofstudents complete a business planbeginning with idea generation andfinishing by presenting their com-pleted plan before a panel of evalua-tors. The content of the courserevolves around sections of a businessplan including idea generation, mar-ket research and planning, financialanalysis, venture funding, operations,

and management. Each of those top-ics is covered in class with a focus onhow they need to be integrated into acoherent, logical, compelling story.The teams then apply those lessonswhile developing their own plans.The basic format of the class is “lis-ten/discuss/learn/do.” It is a highlyinteractive class with an emphasis onclass participation and application.

C R O S S - S C H O O L M I N O R S 50

Cross-School Minors

Advanced Mathematical Methods with the College of Arts and Science

ADVANCED MATHEMATICALMETHODS MINOR REQUIREMENTS (15-16 CREDITS)The mathematical methods minorwill consist of four distinct compo-nents. Students will be required totake at least one Stern course to fulfillthis minor.

Calculus III V63.0123

Linear AlgebraV63.0140 or equivalent.

Statistics and Probability Theory: Theprobability and statistics requirementis satisfied through C22.0014, in con-junction with either the core course inStatistics (C22.0103) required ofevery Stern student or Statistics(V31.0018) offered through the CASDepartment of Economics. CAS stu-dents who have already taken either ofthe CAS Department of MathematicsProbability courses (V63.0233 orV63.0235) are also required to takeeither Statistical Inference andRegression Analysis (C22.0015/B90.3302) or Introduction toStochastic Processes (C22.0021) tofully complete this component of theminor.

Numerical Analysis V63.0252

Students who have a more advancedmathematics background and havethe equivalent of either Calculus III(V63.0123) and/or Linear Algebra(V63.0140) can substitute a moreadvanced course or courses from thefollowing list:

Ordinary Differential EquationsV63.0262

Partial Differential EquationsV63.0263

Statistical Inference andRegression AnalysisC22.0015/B90.3302

COURSESCalculus III V63.0123 4 credits.Prerequisite: A grade of C or better inV63.0122 or the equivalent. Functions of several variables. Vectorsin the plane and space. Partial deriva-tives with applications, especiallyLagrange multipliers. Double andtriple integrals. Spherical and cylin-drical coordinates. Surface and lineintegrals.

Linear Algebra V63.0140 4 credits. Prerequisite: A grade of C or better inV63.0121 or the equivalent.Systems of linear equations, Gaussianelimination, matrices, determinants,Cramer’s rule. Vectors, vector spaces,basis and dimension, linear transfor-mations. Eigenvalues, eigenvectors,and quadratic forms.

Introduction to the Theory ofProbabilityC22.0014 3 credits.Cross-listed with B90.3301.Prerequisites: V63.0121 andV63.0122; also suggested C22.0103.Full course description can be found in theDepartment of Statistics section (page 46).

Statistical Inference andRegression AnalysisC22.0015 3 credits.Cross-listed with B90.3302.Prerequisites: V63.0121, V63.0122,V63.0124, and C22.0014.Full course description can be found in theDepartment of Statistics section (page 46).

Numerical AnalysisV63.0252 4 credits.Prerequisites: V63.0123 and V63.0140with a grade of C or better. In numerical analysis, one exploreshow mathematical problems can beanalyzed and solved with a computer.As such, numerical analysis has verybroad applications in mathematics,physics, engineering, finance, and thelife sciences. This course gives anintroduction to this subject for math-ematics majors. Theory and practicalexamples using MATLAB are com-bined to study a range of topics rang-ing from simple root-findingprocedures to differential equationsand the finite element method.

Ordinary Differential EquationsV63.0262 4 credits.First and second order equations.Series solutions. Laplace transforms.Introduction to partial differentialequations and Fourier series.

Partial Differential EquationsV63.0263 4 credits.Many laws of physics are formulatedas partial differential equations. Thiscourse discusses the simplest exam-ples, such as waves, diffusion, gravity,and static electricity. Nonlinear con-servation laws and the theory of shockwaves are discussed. Further applica-tions to physics, chemistry, biology,and population dynamics.


Business of Entertainment, Media, and Technology with the Steinhardt School of Culture, Education, and Human Development and the Tisch School of the Arts

New York City is home to major sec-tors of the entertainment and mediaindustries, including major mediaconglomerates, network television,independent film, book and magazinepublishing, advertising, and two ofthe largest cable companies. Thiscross-school minor includes coursesfrom Stern School of Business, TischSchool of the Arts, and SteinhardtSchool of Culture, Education, andHuman Development. It provides afoundation in the business aspects ofmedia and entertainment and exam-ines how technology impacts theseindustries. Students take electivesfrom areas that deepen their knowl-edge base and understanding of thesesectors.

BUSINESS OF ENTERTAIN-MENT, MEDIA, AND TECHNOLOGY (BEMT) MINOR REQUIREMENTS (16 CREDITS)Stern students cannot count arequired course from the BusinessCore or from their major toward theminor. All students are required totake 8 credits of their minor at Stern.All students must take the followingcore requirement:

Entertainment and MediaIndustries C55.0040Note: Students are highly encouraged totake this course first because it serves as afoundation class for the study of thisminor. Steinhardt students majoring inmedia, culture, and communication maytake E59.1020, the Business of Media (4 credits) instead of C55.0040, butmust still complete 8 credits at Stern aspart of the minor.

Plus 6 credits of additional electivesin Stern (any “C” course). Theremaining 8 credits must be takenthrough either the Steinhardt orTisch courses listed below.*

For Stern Students: If a course is notlisted below and a student would liketo count it toward the minor, pleasesubmit the request to the SternUndergraduate College Office ofAcademic Advising. The office willrequest permission from the BEMTacademic director. If the course isapproved for the minor and is offeredby Tisch (versus Stern), the studentmust follow procedures for nonmajorswishing to take film courses(http://filmtv.tisch.nyu.edu/object/UFTV_NonMajor.html).

COURSESCore CourseEntertainment and MediaIndustries C55.0040 2 credits.Full course description can be found in theDepartment of Marketing section (page43).

Stern Elective CoursesFilm and Television Distributionand FinanceC55.0020 2 credits.Full course description can be found in theDepartment of Marketing section (page42).

Entertainment Finance C55.0021 2 credits.Full course description can be found in theDepartment of Marketing section (page43).

Movie Marketing C55.0022 2 credits.Full course description can be found in theDepartment of Marketing section (page43).

Impact of Technology onEntertainment and Media C55.0023 2 credits.Full course description can be found in theDepartment of Marketing section (page43).

Television Management: Network,Cable, and SatelliteC55.0044 2 credits.Full course description can be found in theDepartment of Marketing section (page43).

Globalization of the EntertainmentIndustryC55.0046 2 credits.Full course description can be found in theDepartment of Marketing section (page43).

Sports MarketingC55.0047 2 credits.Full course description can be found in theDepartment of Marketing section (page43).

The Business of Producing C55.0049 2 credits.Full course description can be found in theDepartment of Marketing section (page43).

Electronic CommerceC20.0038 3 credits. Prerequisite: Sophomore standing.Full course description can be found in theDepartment of Information Systems section(page 36).

Strategic Analysis for Success inthe Digital AgeC50.0016 2 credits.Prerequisite: C50.0001.Full course description can be found in theDepartment of Management section (page40).

Negotiation and ConsensusBuildingC50.0030 2 credits.Full course description can be found in theDepartment of Management section (page40).

Entertainment Law C70.0048 2 credits.Full course description can be found in theMultidisciplinary Courses section (page48).

Tisch Film and Television ElectiveCoursesPlease see the NYU Tisch Web site atwww.tisch.nyu.edu for detailed coursedescriptions and prerequisites.*

Language of FilmH56.0004 4 credits.

Producing the Short Screenplay H56.1023 3 credits.

Producing for Television H56.1028 3 credits.Summer course only.

TV Nation: Inside and Out of the Box H56.1086 3 credits.

Film Marketing and Distribution H56.1093 3 credits.

Legal Aspects of theEntertainment IndustryH56.1195 3 credits.

Steinhardt Music Business ElectiveCoursesBusiness Structure of the MusicIndustryE85.0221 2 credits.

Music in the Media Business E85.1214 2 credits.

Entrepreneurship in the MusicIndustry E85.1216 2 credits.

Economic and Legal Setting of theMusic Industry E85.1222 2 credits.

* All nonmajors are restricted to section 002 ofTisch courses listed above, with the exception ofsummer programming.


Production and A and R in theMusic IndustryE85.1223 2 credits.

Concert Management E85.1226 2 credits.

International Music BusinessMarketplaceE85.1230 2 credits.

Music PublishingE85.1700 2 credits.

Steinhardt Media, Culture, andCommunication Elective CoursesTelevision: History and FormE59.1006 4 credits.

Film: History and FormE59.1007 4 credits.

Video Games: Culture andIndustryE59.1008 4 credits.

Media Audiences E59.1016 4 credits.

Media and Globalization E59.1300 4 credits.

Copyright, Commerce, andCulture E59.1405 4 credits.

Marketing for Mass MediaE59.1785 4 credits.

Public Policy and Management with the Wagner Graduate School of Public Service

In an age of increasing public-privatecooperation, with the traditional linesbetween government, business, andthe nonprofit sectors blurred, NYU’sStern School of Business and WagnerGraduate School of Public Serviceannounce a collaborative undergradu-ate minor in public policy and man-agement. Recognizing that thetypical undergraduate will move flu-idly between public and privaterealms in their professional work, thisjoint program is designed to offerbroad exposure to and preparation inboth. Students electing this minormay choose from a carefully selectedrange of Stern and Wagner policy,management, and business courses.Among the first collaborative effortsof its kind among U.S. universities,this genuinely interdisciplinary program showcases both the busi-ness/management acumen and pub-lic-service heart of these leadingNYU professional schools.

PUBLIC POLICY AND MAN-AGEMENT MINOR REQUIRE-MENTS (16 CREDITS)Stern students cannot count arequired course from the BusinessCore or from their major toward theminor. The public policy and man-agement minor consists of a mini-mum of 16 credits. Stern studentsmay take no more than 4 creditsworth of Stern course work to fulfillthis minor. All students must takeone of the following courses as thecore requirement:

Introduction to Public ServiceP11.0020

or

The Politics of Public Policy: City,Nation, and Globe P11.0022

COURSESCore CoursesIntroduction to Public ServiceP11.0020 4 credits.Please see the NYU Wagner Web site athttp://wagner.nyu.edu for detailedcourse descriptions and prerequisites.

The Politics of Public Policy: City,Nation, and GlobeP11.0022 4 credits.Please see the NYU Wagner Web site athttp://wagner.nyu.edu for detailedcourse descriptions and prerequisites.

Stern Elective CoursesLaw, Business, and Society C40.0006 4 credits.Full course description can be found in theSocial Impact Core section (page 18).

Professional Responsibility andLeadership C40.0012 2 credits.Full course description can be found in theSocial Impact Core section (page 18).

Management and OrganizationalAnalysis C50.0001 4 credits.Full course description can be found in theDepartment of Management section (page39).

Managing People and TeamsC50.0007 3 credits.Full course description can be found in theDepartment of Management section (page39).

Managing Change C50.0025 3 credits.Full course description can be found in theDepartment of Management section (page40).

Wagner Graduate School of PublicService Elective CoursesPlease see the NYU WagnerGraduate School of Public ServiceWeb site at http://wagner.nyu.edu fordetailed course descriptions and pre-requisites.

Politics of New York P11.0015 4 credits.

U.S. Immigration Policy in GlobalPerspective P11.0018 4 credits.

Health and Society P11.0030 4 credits.

Topics in Health: Policy, Politics,and Power P11.0036 4 credits.

From Degas to Disney: PublicPolicy and the Arts P11.0063 4 credits.

F A C U L T Y 53

Faculty of the Leonard N. SternSchool of Business

Accounting Kashi R. BalachandranProfessor of AccountingB.E. 1962, Madras; M.S. 1964, Ph.D.1968, California (Berkeley)

Eli BartovProfessor of Accounting; ResearchProfessor of AccountingB.A. 1977, Tel Aviv; Ph.D. 1989,California (Berkeley)

John S. BilderseeProfessor of AccountingB.A. 1966, Princeton; M.B.A., Ph.D.1971, Chicago

Mary BillingsAssistant Professor of Accounting B.A.1975, Cornell; J.D. 1978,Georgetown

Jeanne CalderonClinical Associate Professor ofBusiness and LawB.A. 1975, Cornell; J.D. 1978,Georgetown

Frederick D. S. Choi Distinguished Service Professor ofAccounting; Chairperson,Department of Accounting,Taxation, and Business LawB.B.A. 1965, M.B.A. 1968, Hawaii;Ph.D. 1972, Washington

Daniel CohenAssistant Professor of AccountingB.A. 1997, M.B.A. 1999, Hebrew;Ph.D. 2004, Northwestern

Alex DontohAssociate Professor of Accounting;Deputy Chairperson, Departmentof Accounting Taxation, andBusiness LawB.Sc. 1973, Ghana; M.B.A. 1976,California (Berkeley); Ph.D. 1984, NewYork

Haim Dov Fried Associate Professor of AccountingB.Com. 1971, Sir George Williams(Montreal); M.B.A. 1974, Ph.D. 1978,New York

Dhananjay Gode Clinical Associate Professor ofAccountingB.S. 1986, Banaras Hindu; M.B.A.1988, Indian Institute of Management;M.S. 1990, 1992, Ph.D. 1994, CarnegieMellon

Richard M. Hendler Clinical Associate Professor ofBusiness LawB.S. 1985, J.D. 1988, New York

Aaron Hipscher Clinical Professor of AccountingB.A. 1965, M.B.A. 1966, Rutgers

Seymour JonesClinical Professor of AccountingB.A. 1952, City College (CUNY);M.B.A. 1954, New York

April KleinAssociate Professor of AccountingB.A. 1977, Pennsylvania; M.B.A. 1979,Ph.D. 1983, Chicago

Rachel S. Kowal Clinical Associate Professor ofBusiness LawB.A. 1977, Cornell; J.D. 1981, Yeshiva

Baruch I. LevPhilip Bardes Professor of Taxation;Director, Vincent C. Ross Instituteof Accounting ResearchB.A. 1962, Hebrew; M.B.A. 1967,Ph.D. 1968, Chicago

Joshua LivnatProfessor of AccountingB.Sc. 1973, Hebrew; M.Phil. 1978,Ph.D. 1978, New York

Ajay Maindiratta Associate Professor of AccountingB.Tech. 1975, Indian Institute ofTechnology; Ph.D. 1984, CarnegieMellon

James OhlsonProfessor of AccountingM.B.A. 1968, Ph.D. 1972, California(Berkeley)

Christine PetrovitsAssistant Professor of AccountingB.A. 1994, M.B.A. 1999, College ofWilliam and Mary; Ph.D. 2005, NorthCarolina (Chapel Hill); CPA

Joshua RonenProfessor of Accounting B.A. 1959, M.S. 1963, Hebrew; Ph.D.1969, Stanford; CPA

Stephen G. Ryan Professor of Accounting; PeatMarwick Faculty FellowB.A. 1981, Dartmouth College; Ph.D.1988, Stanford

Paul ZarowinProfessor of Business Law andAccounting; Charlotte LindnerMacDowell Faculty FellowB.A. 1977, Pennsylvania; M.B.A. 1981,Ph.D. 1985, Chicago

F A C U L T Y 54

Economics John AskerAssistant Professor of EconomicsB.A. 1999, Australian National; M.A.2002, Ph.D. 2004, Harvard

Mariagiovanna BaccaraAssistant Professor of EconomicsB.A. 1994, Trieste (Italy); M.A. 1997,Ph.D. 2003, Princeton

David K. Backus Heinz Riehl Professor of Financeand Economics; Chairperson,Department of EconomicsB.A. 1975, Hamilton College; Ph.D.1981, Yale

Yeheskel (Heski) Bar-IsaacAssistant Professor of EconomicsB.A. 1995, Oxford; M.S. 1997, LondonSchool of Economics

William BaumolHarold Price Professor ofEntrepreneurship; AcademicDirector, Berkley Center forEntrepreneurship Studies; Professorof EconomicsB.S.S. 1942, City College (CUNY);Ph.D. 1949, London

Adam M. BrandenburgerJ. P. Valles Professor of BusinessEconomics and Strategy; JointAppointment, Department ofManagement and OrganizationsB.A. 1981, M.Phil. 1982, Ph.D. 1986,Cambridge

Luís Cabral William R. Berkley Term Professorof EconomicsB.A. 1983, Catholic University ofPortugal; M.S. 1985, New University ofLisbon; Ph.D. 1989, Stanford

Gian Luca ClementiAssistant Professor of EconomicsB.A. 1993, Bologna (Italy); M.A. 1998,Ph.D. 2000, Rochester

Thomas F. CooleyPaganelli-Bull Professor ofBusiness and International Trade;Professor of Economics andInternational Business; Dean,Leonard N. Stern School ofBusinessB.S. 1965, Rensselaer PolytechnicInstitute; M.A. 1969, Ph.D. 1971,Pennsylvania

Jan DeLoeckerAssistant Professor of EconomicsB.A. 1998, Katholieke UniversiteitBrussels; M.A. 2001, M.S. 2003, Ph.D.2006, Katholieke Universiteit Leuven

Nicholas S. EconomidesProfessor of EconomicsB.S. 1976, London School ofEconomics; M.A. 1979, Ph.D. 1981,California (Berkeley)

Christian EdmondAssistant Professor of Economics B.A. 1996, B.Econ. 1997, Queensland(Australia); M.A. 2000, Ph.D. 2004,California (Los Angeles)

Ignacio EspondaAssistant Professor of EconomicsB.A. 1998, M.A. 1999, Universidad deSan Andrés; Ph.D. 2006, Stanford

Joseph FoudyClinical Assistant Professor ofEconomics and ManagementB.A. 1996, American; Ph.D. 2004,Cornell

Alessandro GavazzaAssistant Professor of EconomicsB.A. 1998, Università degli Studi diTorino (Italy); M.Sc. 2000, LondonSchool of Economics; Ph.D. 2005, New York

William H. Greene Professor of Economics;Entertainment and Media FacultyFellowB.S. 1972, Ohio State; M.A. 1974,Ph.D. 1976, Wisconsin

Deb JoyeeAssistant Professor of EconomicsB.Sc. 1997, St. Stephen’s College(Delhi); M.B.A 1999, Indian Instituteof Management; Ph.D. 2008,Northwestern

Barbara G. KatzProfessor of EconomicsB.A. 1968, M.A. 1969, Ph.D. 1973,Pennsylvania

Robert A. Kavesh Professor Emeritus of EconomicsB.S. 1949, New York; M.A. 1950,Ph.D. 1954, Harvard

Robin LeeAssistant Professor of EconomicsB.A. 2003, M.A. 2005, Ph.D. 2008,Harvard

Edward J. LincolnClinical Professor of Economics;Director, Center for Japan-U.S.Business and Economic StudiesB.A. 1971, Amherst College; M.A.1974, Ph.D. 1978, Yale

Thomas A. PugelProfessor of Economics and GlobalBusiness; Academic Director,Langone Program, FacultyDirector, Executive M.B.A.ProgramsB.A. 1974, Michigan State; Ph.D.1978, Harvard

Roy RadnerLeonard N. Stern Professor ofBusiness; Professor of Economicsand Information Systems; Professorof Environmental StudiesPh.B. 1945, B.S. 1950, M.S. 1951,Ph.D. 1956, Chicago

Nouriel Roubini Associate Professor of Economicsand International Business B.A. 1982, Bocconi (Italy); Ph.D. 1988,Harvard

Kim RuhlAssistant Professor of EconomicsB.S. 1999, Bowling Green State; Ph.D.2004, Minnesota

Thomas Sargent Professor of EconomicsB.A. 1964, California (Berkley); Ph.D.1968, Harvard

Vasiliki SkretaAssistant Professor of EconomicsB.A. 1995, Athens University ofEconomics and Business; M.A. 1999,Ph.D. 2001, Pittsburgh

George D. SmithClinical Professor of Economicsand International BusinessB.A. 1968, Fairleigh Dickinson; M.A.1970, Ph.D. 1976, Harvard

Venkataramani SrivatsanClinical Associate Professor ofEconomicsB.Tech. 1985, Indian Institute ofTechnology (India); Ph.D. 1992,Columbia

Richard SyllaHenry Kaufman Professor of theHistory of Financial Institutionsand Markets; Professor ofEconomicsB.A. 1962, M.A. 1965, Ph.D. 1969,Harvard

Laura Veldkamp Assistant Professor of EconomicsB.A. 1996, Northwestern; Ph.D. 2001,Harvard

F A C U L T Y 55

Finance Viral AcharyaProfessor of FinanceB.Tech. 1995, Indian Institute ofTechnology (Bombay); Ph.D. 2001,New York

Ashwini AgrawalAssistant Professor of FinanceB.S. 2002, Massachusetts Institute ofTechnology; M.B.A., Ph.D. 2008,Chicago

William T. Allen Clinical Jack H. NusbaumProfessor of Law and Business;Adjunct Professor of Law; Director,Center for Law and BusinessB.S. 1969, New York; J.D. 1972, Texas;hon.: LL.D. 1972, Dickenson School ofLaw

Edward I. AltmanMax L. Heine Professor of Finance B.A. 1963, City College (CUNY);M.B.A. 1965, Ph.D. 1967, California(Los Angeles)

Yakov AmihudIra Rennert Professor ofEntrepreneurial FinanceB.A. 1969, Hebrew; M.S. 1973, Ph.D.1975, New York

Menachem BrennerProfessor of Finance; Bank andFinancial Analysts Faculty Fellow;Deputy Chairperson, Departmentof FinanceB.A. 1969, Hebrew; M.A. 1971, Ph.D.1974, Cornell

Stephen J. BrownDavid S. Loeb Professor of Finance B.S. 1971, Monash (Australia); M.B.A.1974, Ph.D. 1976, Chicago

Jennifer N. Carpenter Associate Professor of Finance B.S. 1987, M.A. 1993 (mathematics),M.A. 1994, Ph.D. 1995, Pennsylvania

Aswath DamodaranProfessor of Finance; DavidMargolis Teaching FellowB.Com. 1977, Madras; M.S. 1979,Indian Institute of Management;M.B.A. 1981, Ph.D. 1985, California(Los Angeles)

Edwin J. Elton Nomura Professor of FinanceB.A. 1961, Ohio Wesleyan; M.S. 1965,Ph.D. 1970, Carnegie Mellon

Robert EngleMichael Armellino Professor of theManagement of Financial ServicesB.S. 1964, Williams College; M.S.1966, Ph.D. 1969, Cornell

Stephen C. FiglewskiProfessor of FinanceB.A. 1969, Princeton; Ph.D. 1976,Massachusetts Institute of Technology

Kenneth C. Froewiss Clinical Professor of FinanceB.A. 1967, Ph.D. 1977, Harvard

Xavier GabaixAssociate Professor of FinanceM.A. 1995, École Normale Supérieure(France); Ph.D. 1999, Harvard

Martin J. GruberNomura Professor of FinanceB.S. 1959, Massachusetts Institute ofTechnology; M.B.A. 1961, Ph.D. 1966,Columbia

Joel Hasbrouck Kenneth G. Langone Professor ofBusinessB.S. 1974, Haverford; M.A. 1980,Ph.D. 1981, Pennsylvania

Kose John Charles William GerstenbergProfessor of Banking and FinanceB.S. 1970, India; M.S. 1974, FloridaInstitute of Technology; Ph.D. 1978,Florida

Marcin KacperczykAssistant Professor of FinanceM.A. 1998, Warsaw School ofEconomics; Ph.D. 2004, Michigan

Michael KeenanProfessor Emeritus of FinanceB.S. 1960, Case Western Reserve; M.S.1962, Ph.D. 1967, Carnegie Mellon;CFA

Martin Lettau Assistant Professor of FinanceB.Sc. 1990, Karlsruhe (Germany); M.A.1992, Ph.D. 1994, Princeton

Richard M. LevichProfessor of Finance andInternational BusinessB.A. 1971, M.B.A. 1971, Ph.D. 1977,Chicago

Alexander LjungqvistAssociate Professor of Finance;Research Director, Berkley Centerfor Entrepreneurial Studies;Research Professor of FinanceM.S. 1992, Lund (Sweden); M.Phil.1994, Ph.D. 1995, Oxford

Anthony W. LynchAssociate Professor of Finance;Andre Meyer Faculty FellowB.A. 1986, M.A. 1988, J.D. 1989,Queensland (Australia); Ph.D. 1994,Chicago

Anthony MarcianoClinical Professor of FinanceB.A. 1983, Dartmouth; M.B.A. 1998,Massachusetts Institute of Technology

Holger MuellerAssociate Professor of FinanceM.B.A. 1993, Ph.D. 1997, St. Gallen(Switzerland)

Lasse H. PedersenProfessor of Finance, ResearchProfessor of FinanceM.S. 1997, Copenhagen; Ph.D. 2001,Stanford

Paul A. WachtelProfessor of EconomicsB.A. 1966, Queens College (CUNY);M.A. 1968, Ph.D. 1971, Rochester

Michael WaughAssistant Professor of EconomicsB.A. 2001, Saint Anselm College; M.A.2003, Fordham; Ph.D. 2008, Iowa

Lawrence J. WhiteArthur E. Imperatore Professor ofEntrepreneurial StudiesB.A. 1964, Harvard; M.Sc. 1965,London School of Economics; Ph.D.1969, Harvard

Robert WrightClinical Associate Professor ofEconomicsB.A. 1990, Buffalo State College; M.A.1994, Ph.D. 1997, SUNY (Buffalo)

Bernard Yeung Abraham Krasnoff Professor ofGlobal BusinessB.S. 1979, Western Ontario; M.B.A.1981, Ph.D. 1984, Chicago

F A C U L T Y 56

Thomas Philippon Assistant Professor of Finance;Charles Schaefer Family FellowB.S. 1997, Ecole Polytechnique(France); M.A. 1998, Ecole NormaleSupérieure, DELTA (France); M.A.1999, London School of Economics;Ph.D. 2003, Massachusetts Institute ofTechnology

Fred B. Renwick Professor Emeritus of FinanceB.S. 1950, Morehouse College; M.S.1956, Harvard; M.B.A. 1965, Ph.D.1966, New York

Matthew P. Richardson Charles Simon Professor of AppliedFinancial Economics; Professor ofFinance; Sydney Homer Director,NYU Salomon CenterB.A. 1984, M.A. 1984, California (LosAngeles); Ph.D. 1989, Stanford

Gerald RosenfeldClinical Professor of BusinessB.A. 1968, M.A. 1970, City College(CUNY); Ph.D. 1973, New York

Anthony SaundersJohn M. Schiff Professor of Finance B.S. 1971, M.S. 1972, Ph.D. 1981,London School of Economics

Anjolein SchmeitsClinical Associate Professor ofFinanceB.S./M.Sc. 1991, Tilburg; Ph.D. 1999,Amsterdam

Philipp SchnablAssistant Professor of FinanceB.A/M.A. 2000, Vienna University ofEconomics and BusinessAdministration; M.P.A 2003, Ph.D.2008, Harvard

William L. Silber Marcus Nadler Professor of Financeand Economics; Director, L.Glucksman Institute for Researchin Securities MarketsB.A. 1963, Yeshiva; M.A. 1965, Ph.D.1966, Princeton

Roy C. SmithClinical Kenneth Langone Professorof Entrepreneurship and FinanceB.S. 1960, U.S. Naval Academy;M.B.A. 1966, Harvard

Marti G. Subrahmanyam Charles E. Merrill Professor ofFinance B.Tech. 1967, Indian Institute ofTechnology; Dipl. 1969, IndianInstitute of Management; Ph.D. 1974,Massachusetts Institute of Technology

Rangarajan K. Sundaram Professor of Finance; YamaichiFaculty Fellow B.A. 1982, Madras; M.B.A. 1984,Indian Institute of Management; M.A.1987, Ph.D. 1988, Cornell

Otto van HemertAssistant Professor of FinanceM.S. 1999, Utrecht; M.S. 2000,Amsterdam; M. Phil. 2000, TinbergenInstitute (Netherlands); Ph.D. 2006,Amsterdam

Stijn Van NieuwerburghAssistant Professor of Finance;Charles Schaefer Family FellowB.A. 1998, Gent (Belgium); M.A.2000, M.Sc. 2001, Ph.D. 2003,Stanford

Ingo WalterSeymour Milstein Professor ofEthics and Corporate Governanceand StrategyB.A. 1962, M.S. 1963, Lehigh; Ph.D.1966, New York

Robert F. WhitelawEdward C. Johnson 3D Professor ofEntrepreneurial Finance;Chairperson, Department ofFinanceB.S. 1984, Massachusetts; Ph.D. 1993,Stanford

Jeffrey A. WurglerAssociate Professor of Finance,Research Professor of FinanceB.A.S. 1994, Stanford; M.A., Ph.D.1999, Harvard

David YermackProfessor of Finance; YamaichiFaculty Fellow; Daniel P. PaduanoFaculty FellowB.A. 1985, J.D. 1991, M.B.A. 1991,M.A. 1993, Ph.D. 1994, Harvard

Information Systems Group

Sinan AralAssistant Professor of Information,Operations, and ManagementSciencesB.A. 1996, Northwestern; M.Sc. 1999,London School of Economics; M.P.P.2001, Harvard; Ph.D. 2007,Massachusetts Institute of Technology

Yannis BakosAssociate Professor of InformationSystemsB.S. 1980, M.S. 1984, Ph.D. 1988,Massachusetts Institute of Technology

Vasant DharProfessor of Information Systems;Deputy Chairperson, InformationSystems Group in Information,Operations, and ManagementSciencesB.S. 1978, Indian Institute ofTechnology; M.Phil. 1982, Ph.D. 1984,Pittsburgh

Anindya GhoseAssistant Professor of Information,Operations, and ManagementSciencesB.Tech. 1996, Regional EngineeringCollege (Jalandhar, India); M.B.A.1998, Indian Institute of Management(Calcutta); M.S. 2002, Ph.D. 2004,Carnegie Mellon

Panagiotis G. IpeirotisAssistant Professor of InformationSystems, Operations, andManagement SciencesB.Sc. 1999, Patras (Greece); M.S. 2000,M.Phil. 2003, Ph.D. 2004, Columbia

Natalia LevinaAssociate Professor of InformationSystemsB.A. 1994, M.A. 1994, Boston; Ph.D.2001, Massachusetts Institute ofTechnology

Foster ProvostAssociate Professor of InformationSystems; NEC Faculty Fellow;Danielle P. Paduano Faculty FellowB.S. 1986, Duquesne; M.S. 1988, Ph.D.1992, Pittsburgh

Roy RadnerLeonard N. Stern Professor ofBusiness; Professor of Economicsand Information Systems; Professorof Environmental StudiesPh.B. 1945, B.S. 1950, M.S. 1951,Ph.D. 1956, Chicago

Lee S. Sproull Leonard N. Stern Professor ofBusiness; Professor of InformationSystems and Management; ViceDean of Academic AffairsB.A. 1967, Wellesley College; M.A.T.1969, Wesleyan; M.A. 1975, Ph.D.1977, Stanford

F A C U L T Y 57

International Business

Juan Alcacer Assistant Professor of InternationalBusinessM.B.A. 1993, Instituto de EstudiosSuperiores en Administracion; M.A.1998, Ph.D. 2001, Michigan

Frederick D. S. Choi Distinguished Service Professor ofAccounting; Chairperson,Department of Accounting,Taxation, and Business LawB.B.A. 1965, M.B.A. 1968, Hawaii;Ph.D. 1972, Washington

Thomas F. Cooley Paganelli-Bull Professor ofBusiness and International Trade;Professor of Economics andInternational Business; Dean,Leonard N. Stern School ofBusiness B.S. 1965, Rensselaer PolytechnicInstitute; M.A. 1969, Ph.D. 1971,Pennsylvania

Susan P. Douglas Paganelli-Bull Professor ofMarketing and InternationalBusiness; Professor of MarketingB.A. 1962, M.A. 1964, Manchester;Ph.D. 1969, Pennsylvania

John Fayerweather Professor Emeritus of InternationalBusiness and ManagementB.S. 1943, Princeton; M.B.A. 1948,Ph.D. 1954, Harvard

Richard M. Levich Professor of Finance andInternational Business B.A. 1971, M.B.A. 1971, Ph.D. 1977,Chicago

Thomas A. Pugel Professor of Economics and GlobalBusiness; Academic Director,Langone Program, FacultyDirector, Executive M.B.A.ProgramsB.A. 1974, Michigan State; Ph.D.1978, Harvard

Nouriel Roubini Associate Professor of Economicsand International Business B.A. 1982, Bocconi (Italy); Ph.D. 1988,Harvard

George D. SmithClinical Professor of Economicsand International BusinessB.A. 1968, Fairleigh Dickinson; M.A.1970, Ph.D. 1976, Harvard

Venkataramani SrivatsanClinical Associate Professor ofEconomicsB.Tech. 1985, Indian Institute ofTechnology; Ph.D. 1992, Columbia

Bernard Yeung Abraham Krasnoff Professor ofGlobal Business B.A. 1979, Western Ontario; M.B.A.1981, Ph.D. 1984, Chicago

Management and Organizations

Steven L. BladerAssistant Professor of ManagementB.A. 1994, Pennsylvania; M.A. 1999,Ph.D. 2002, New York

Adam M. BrandenburgerJ. P. Valles Professor of BusinessEconomics and Strategy; JointAppointment, Department ofManagement and OrganizationsB.A. 1981, M.Phil. 1982, Ph.D. 1986,Cambridge

Karen BrennerClinical Professor of BusinessB.S. 1976, Pennsylvania; M.A. 2007,New York

Sally E. Blount-Lyon Dean Abraham L. Gitlow Professorof Management and Organizations;Dean, Leonard N. Stern School ofBusiness, Undergraduate College;Vice Dean, Leonard N. SternSchool of BusinessB.S.E. 1983, Princeton; M.S. 1991,Ph.D. 1992, Northwestern-Kellogg

Gino CattaniAssistant Professor of Managementand OrganizationsB.A. 1991, Pisa; M.A. 2001, Ph.D.2004, Wharton

Dolly ChughAssistant Professor of Managementand OrganizationsB.A. 1990, Cornell; M.B.A. 1994, M.A.2003, Harvard Business School; Ph.D.2006, Harvard

Gina DokkoAssistant Professor of Managementand OrganizationsB.S. 1985, Wharton; M.S. 1991,Carnegie Mellon; Ph.D. 2004, Wharton

Roger L. DunbarProfessor of ManagementB.Com. 1963, M.Com. 1966, Otago;Ph.D. 1970, Cornell

Jamie (JP) EggersAssistant Professor of Managementand OrganizationsB.A. 1993, Amherst College; M.B.A.1999, Emory; Ph.D. 2008,Pennsylvania

Christina Fang Assistant Professor of ManagementB.A. 1997, Nanyang Technological(Singapore); M.A. 2001, Ph.D. 2003,Pennsylvania

Arun SundarajanAssociate Professor of InformationSystems; NEC Faculty FellowB.Tech. 1993, Indian Institute ofTechnology; M.S. 1995, D.Phil. 1997,Rochester

Prasanna TambeAssistant Professor of InformationSystemsB.S. 1996, M.Eng. 1997, MassachusettsInstitute of Technology; Ph.D. 2008,Pennsylvania

Alexander Tuzhilin Professor of Information Systems;NEC Faculty FellowB.A. 1980, New York; M.S. 1981,Stanford; Ph.D. 1989, New York

Norman H. White Clinical Professor of InformationSystems; Faculty Director, Centerfor Research ComputingB.A. 1966, Harvard; M.S. 1971, Ph.D.1974, New York

F A C U L T Y 58

Seth FreemanClinical Associate Professor ofManagement and OrganizationsB.A. 1981, Cornell; J.D. 1984,Pennsylvania Law School

Ari Ginsberg Professor of ManagementB.H.L. 1975, Israel; M.A. 1977,Columbia; M.B.A. 1982, Ph.D. 1985,Pittsburgh

William D. Guth Professor Emeritus ofManagement; Adjunct Professor ofManagement B.S. 1953, Washington; M.B.A. 1954,Indiana; D.B.A. 1960, Harvard

Douglas GuthrieProfessor of Management; Daniel P.Paduano Faculty Fellow; Professorof Sociology, Joint Appointment,Department of Sociology, Facultyof Arts and Sciences; FacultyDirector, Custom and NondegreeExecutive Programs; AcademicDirector, TRIUM GlobalExecutive M.B.A. ProgramB.A. 1992, Chicago; M.A. 1994, Ph.D.1997, California (Berkeley)

R. KabaliswaranClinical Assistant Professor ofManagementB. Tech. 1975, Indian Institute ofTechnology; M.E. 1981, ManhattanCollege; Ph.D. 1991, New York

Aimee KaneAssistant Professor of Managementand OrganizationsB.A. 1996, Duke; M.S. 2001, Ph.D.2004, Carnegie Mellon

Michael KatzHarvey Golub Professor inBusiness Leadership; Professor ofManagement and OrganizationsA.B. 1978, Harvard; Ph.D. 1982,Oxford

Jill KickulClinical Professor of Managementand OrganizationsB.B.A. 1991, College of St. Francis;M.B.A. 1993, DePaul; M.A. 1996,Ph.D. 1998, Northern Illinois

Theresa K. Lant Associate Professor ofManagement; Deputy Chairperson,Department of Management andOrganizationsB.A. 1981, Michigan; Ph.D. 1987,Stanford

Anat Lechner Clinical Associate Professor ofManagement and OrganizationsB.S. 1998, Tel Aviv; M.B.A. 1994,Ph.D. 2000, Rutgers

Sonia MarcianoClinical Associate Professor ofManagement and OrganizationsB.A., M.B.A., Ph.D. 2000, Chicago

Stephen J. Mezias Professor of ManagementB.A. 1980, Columbia; M.S. 1985,Ph.D. 1987, Stanford

Frances J. Milliken Professor of Management; PeterDrucker Faculty FellowB.A. 1978, Columbia; M.B.A. 1982,Ph.D. 1985, City College (CUNY)

Elizabeth Morrison ITT Professor of CreativeManagement; Professor ofManagement and OrganizationsB.A. 1984, Brown; M.S. 1988, Ph.D.1991, Northwestern

Gabriel NatividadAssistant Professor of Managementand OrganizationsB.A. 1999, Universidad del Pacifico(Peru); M.A. 2005, Ph.D. 2008,California (Los Angeles)

Glen OkunClinical Professor of Managementand EntrepreneurshipB.A.1984, Wesleyan; J.D. 1989,Harvard Law School

Gonçalo Pacheco-de-Almeida Assistant Professor of ManagementB.A. 1995, M.B.A. 1996, Nova(Lisbon); M.S. 1999, Ph.D. 2002,INSEAD (France)

Joseph PoracGeorge Daly Professor in BusinessLeadership; Chairperson,Management and OrganizationsB.S. 1974, Pittsburgh; Ph.D. 1979,Rochester

Yuval RottenstreichAssistant Professor of ManagementB.A. 1991, Pennsylvania; Ph.D. 1996,Stanford

Robert SalomonAssistant Professor of ManagementB.B.A. 1995, Michigan; M.Phil. 2000,Ph.D. 2002, New York

Melissa A. SchillingAssociate Professor of ManagementB.S. 1990, Colorado; Ph.D. 1997,Washington

Kelly E. SeeAssistant Professor of Managementand OrganizationsB.S. 1996, Wisconsin, Madison; Ph.D.2004, Duke

Zur B. Shapira William R. Berkley Professor ofEntrepreneurship; Professor ofManagementB.Sc. 1970, M.Sc. 1972, Hebrew; Ph.D.1976, Rochester

Lee S. Sproull Leonard N. Stern Professor ofBusiness; Professor of InformationSystems and Management; ViceDean of Academic Affairs B.A. 1967, Wellesley College; M.A.T.1969, Wesleyan; M.A. 1975, Ph.D.1977, Stanford

Sheila Wellington Clinical Professor of ManagementB.A. 1952, Wellesley College; M.A.1968, Yale

Batia Mishan Wiesenfeld Associate Professor ofManagement; Robert L. and DaleAtkins Rosen Faculty Fellowship;Daniel P. Paduano Faculty FellowB.A. 1988, Ph.D. 1996, Columbia

Geraldine WuAssistant Professor of Managementand OrganizationsB.S., B.A. 1997, M.A. 1997, Stanford;M.Phil. 2001, Ph.D. 2006, Columbia

F A C U L T Y 59

Marketing Henry AssaelProfessor of MarketingB.A. 1957, Harvard; M.B.A. 1959,Pennsylvania; Ph.D. 1965, Columbia

Bruce Buchanan C. W. Nichols Professor of BusinessEthics; Director, Markets, Ethics,and Law ProgramB.S. 1977, Massachusetts Institute ofTechnology; Ph.D. 1983, Columbia

Jeffrey A. CarrClinical Associate Professor ofMarketing and Entrepreneurship;Executive Director, Berkley Centerfor Entrepreneurial StudiesB.A. 1978, Wright State; M.B.A. 1986,Tulane

Amitav Chakravarti Assistant Professor of MarketingB.A. 1994, M.A. 1995, Bombay;M.B.A. 1997, Indian Institute ofForeign Trade; Ph.D. 2002, Florida

Yuxin ChenAssociate Professor of Marketing;Harold MacDowell Faculty FellowB.S. 1992, Fudan (China); M.S. 1997,Ph.D. 1999, Washington (St. Louis)

Kim P. Corfman Professor of Marketing; AcademicDirector, Langone Program; ViceDean for M.B.A. ProgramsB.A. 1977, Princeton; M.B.A. 1982,Ph.D. 1985, Columbia

C. Samuel Craig Catherine and Peter KellnerProfessor of Entrepreneurship andArts and Media Management;Director, Entertainment, Media,and Technology ProgramB.A. 1965, Westminster College; M.S.1967, Rhode Island; Ph.D. 1971, OhioState

John A. Czepiel Professor of MarketingB.S. 1964, Illinois Institute ofTechnology; M.S. 1972, Ph.D. 1972,Northwestern

Susan P. DouglasPaganelli-Bull Professor ofMarketing and InternationalBusiness; Professor of MarketingB.A. 1962, M.A. 1964, Manchester;Ph.D. 1969, Pennsylvania

Tülin ErdemLeonard N. Stern Professor ofBusiness; Professor of Marketing;Research Director, Center for

Digital Economy ResearchB.A. 1986, Bogaziçi (Turkey); M.A.1987, Ph.D. 1993, Alberta

Scott GallowayClinical Associate Professor ofMarketingB.A. 1987, California (Los Angeles);M.B.A. 1992, California (Berkeley)

Peter N. Golder Associate Professor of Marketing;George and Edythe HeymanFaculty FellowB.S. 1984, Pennsylvania; M.S. 1988,National; Ph.D. 1994, SouthernCalifornia

Jeffrey GreenClinical Associate Professor ofMarketingB.A. 1979, Chicago; M.B.A. 1983,Columbia; M.A. 2005, New York

Eric A. Greenleaf Associate Professor of Marketing B.S. 1977, New Hampshire; M.B.A.1981, Ph.D. 1986, Columbia

Sam HuiAssistant Professor of MarketingB.S., M.S. 2003, Stanford; Ph.D. 2008,Pennsylvania

Jacob Jacoby Merchants’ Council Professor ofRetail Management and ConsumerBehavior B.A. 1961, M.A. 1963, BrooklynCollege (CUNY); Ph.D. 1966,Michigan State

Justin KrugerAssociate Professor of MarketingB.S. 1993, Santa Clara; Ph.D. 1999,Cornell

Al LiebermanClinical Professor of Marketing;Executive Director, Entertainment,Media, and Technology ProgramB.S. 1960, Cornell; M.B.A. 1963, NewYork

Durairaj Maheswaran Pananelli-Bull Professor ofMarketingB.Tech. 1973, Madras; M.B.A. 1976,Indian Institute of Management; Ph.D.1987, Northwestern

Geeta MenonProfessor of Marketing;Chairperson, Department of

Marketing B.A. 1981, M.A. 1983, Madras; Ph.D.1991, Illinois

Tom Meyvis Associate Professor of MarketingLicentiaat 1996, Catholique de Louvain(Belgium); Ph.D. 2001, Florida

Vicki G. MorwitzProfessor of Marketing, ResearchProfessor of Marketing B.S. 1983, Rutgers; M.S. 1986,Polytechnic; M.S. 1989, Ph.D. 1991,Pennsylvania

Eitan MullerProfessor of MarketingB.Sc. 1973, Israel; M.B.A. 1975, Ph.D.1977, Northwestern

Sunder NarayananClinical Associate Professor ofMarketingB.Sc. 1980, Indian Institute ofTechnology; Post-Grad Diploma 1982,Indian Institute of Management;M.Phil. 1990, Ph.D. 1990, Columbia

Priya RaghubirProfessor of MarketingB.A. 1983, St. Stephen’s College(Delhi); M.B.A. 1985, Indian Instituteof Management; M.Phil. 1993, Ph.D.1994, New York

Anne-Laure SellierClinical Assistant Professor ofMarketingM.P.A. 1995, Bocconi (Italy); M.B.A.1996, Warwick (England); Ph.D. 2003,INSEAD (France)

Vishal SinghAssociate Professor of MarketingB.A. 1992, Delhi; M.S. 1997, IowaState; Ph.D. 2003, Northwestern

Joel H. Steckel Professor of Marketing; Director,Doctoral ProgramB.A. 1977, Columbia; M.B.A. 1979,M.A. 1980, Ph.D. 1982, Pennsylvania

Russell S. Winer William H. Joyce Professor ofMarketingB.A. 1973, Union College; Ph.D. 1977,Carnegie Mellon

Sha Yang Assistant Professor of MarketingB.A. 1994, Renmin (China); M.A.1995, M.S. 1998, Ph.D. 2000, OhioState

F A C U L T Y 60

Statistics Group Richard P. BriefProfessor Emeritus of Statistics andAccountingB.A. 1955, M.B.A. 1958, DartmouthCollege; Ph.D. 1964, Columbia

Samprit Chatterjee Professor Emeritus of StatisticsB.S. 1960, M.S. 1962, Calcutta; Ph.D.1967, Harvard

Rohit S. Deo Professor of Statistics andOperations Research; Robert A.Miller Faculty FellowB.S. 1988, Fergusson College (India);M.S. 1990, Poona (India); Ph.D. 1995,Iowa State

Halina Frydman Associate Professor of Statistics andOperations ResearchB.Sc. 1972, Cooper Union; M.A. 1974,M.Phil. 1976, Ph.D. 1978, Columbia

Clifford M. Hurvich Professor of Statistics andOperations Research; ResearchProfessor of Information,Operations, and ManagementSciences B.A. 1980, Amherst College; M.A.1982, Ph.D. 1985, Princeton

Peter LaknerAssociate Professor of Statistics andOperations ResearchB.A. 1978, M.A. 1980, Eötvos Loránd(Budapest); Ph.D. 1989, Columbia

Edward L. Melnick Professor of StatisticsB.A. 1960, Lehigh; M.S. 1963, VirginiaPolytechnic Institute; Ph.D. 1970,George Washington

Joel Owen Professor Emeritus of StatisticsB.A. 1956, Yeshiva; M.A. 1957,Boston; Ph.D. 1966, Harvard

Melvin F. Shakun Professor Emeritus of Statistics andOperations Research; AdjunctProfessor of OperationsManagementB.M.E. 1950, City College (CUNY);M.S. 1951, Eng.Sc.D. 1953, Columbia

Gary A. Simon Professor of Statistics; DeputyChairperson, Statistics Group inInformation, Operations, andManagement Sciences B.S. 1966, Carnegie Mellon; Ph.D.1972, Stanford

Jeffrey S. SimonoffProfessor of Statistics; RobertStansky Research Faculty FellowB.S. 1976, SUNY (Stony Brook);M.Phil. 1978, Ph.D. 1980, Yale

Aaron Tenenbein Professor of Statistics; Director,Actuarial Science Program B.S. 1965, Manitoba; M.A. 1966,Ph.D. 1969, Harvard

Operations Management Group

Victor F. Araman Assistant Professor of Information,Operations, and ManagementSciencesEngineering degree 1996, ÉcoleCentrale (Nantes/Paris); M.S. 1997,Ph.D. 2002, Stanford

Mor ArmonyAssociate Professor of OperationsManagementB.S. 1993, M.S. 1996, Hebrew; M.S.1997, Ph.D. 1999, Stanford

René A. Caldentey Associate Professor of OperationsManagementM.A. 1994, Chile; Ph.D. 2001,Massachusetts Institute of Technology

Harry G. Chernoff Clinical Associate Professor ofInformation, Operations, andManagement SciencesB.A. 1968, M.S. 1975, Ph.D. 1985,New York

Ganesh JanakiramanAssistant Professor of Information,Operations, and ManagementSciencesB.Tech. 1998, Indian Institute ofTechnology (Madras); Ph.D. 2002,Cornell

Irwin Kabak Professor Emeritus of OperationsResearchB.S. 1956, M.E. 1958, Ph.D. 1964,New York

Praveen NayyarAssociate Professor of OperationsManagementB.Tech. 1978, Indian Institute ofTechnology; M.B.A. 1981, IndianInstitute of Management; Ph.D. 1988,Michigan

Manfred Padberg Professor Emeritus of OperationsManagementB.S. 1964, M.S. 1967, WestfälischeWilhelms (Münster); Ph.D. 1971,Carnegie Mellon

Michael Pinedo Julius Schlesinger Professor ofBusiness Administration;Chairperson, Information,Operations, and ManagementSciences M.S. 1973, Delft (Netherlands); M.S.1975, Ph.D. 1978, California (Berkeley)

Joshua ReedAssistant Professor of Information,Operations, and ManagementSciencesB.S. 2000, Illinois; Ph.D. 2007,Georgia Institute of Technology

Gustavo J. VulcanoAssistant Professor of Information,Operations, and ManagementSciences B.Sc. 1994, M.Sc. 1997, Buenos Aires;M.Phil. 2000, Ph.D. 2003, Columbia

Wenqiang XiaoAssistant Professor of Information,Operations, and ManagementSciencesB.S. 1999, Tsinghua (China); Ph.D.2002, Hong Kong University of Scienceand Technology; Ph.D. 2006, Columbia

Eitan Zemel W. Edwards Deming Professor ofQuality and Productivity; ViceDean of Strategic InitiativesB.S. 1970, Hebrew; M.S. 1972,Weizmann Institute of Science; Ph.D.1976, Carnegie Mellon

Jaiwei ZhangAssistant Professor of OperationsManagementB.S. 1996, M.S. 1999, Tsinghua(China); Ph.D. 2004, Stanford

pplicants to theUndergraduateCollege of theLeonard N.

Stern School of Business areadmitted to the fall semesteras freshmen and as transferstudents. The applicant’scapacity for successful under-graduate work is measuredthrough careful considerationof secondary school and/orcollege records; scores onstandardized tests; recom-mendations from guidance

counselors, teachers, and oth-ers; and the personal essay.

Each applicant is reviewedcarefully to identify academicstrength, potential for intel-lectual growth and creativity,and promise of the ability tofully utilize the special offer-ings of the University and the city.

Each applicant’s record isconsidered objectively and isevaluated for participation inextracurricular activities andcommunity service, in addi-tion to scholarly pursuits.

Stern welcomes a diversityof undergraduates from alleconomic, social, and geo-graphic backgrounds.

Applicants who are neitherU.S. citizens nor permanentresidents should see “Appli-cants with International Cre-dentials” on pages 63-64.

A D M I S S I O N 61

Admission

A

RECOMMENDED HIGHSCHOOL PREPARATIONThe quality of an applicant’s second-ary school record is considered to bemore important than a prescribedpattern of courses. Sound preparation,however, should include English,with heavy emphasis on writing;social studies; foreign language;mathematics; and laboratory sciences.The Admissions Committee pays par-ticular attention to the number ofhonors, AP, and/or IB courses theapplicant has completed in highschool.

The minimum requirements forconsideration are as follows:

4 years of English (with heavyemphasis on writing)3-4 years of academic mathematics2-3 years of foreign language3-4 years of laboratory sciences3-4 years of social studies

Students most competitive for admis-sion will exceed these minimums. Itis strongly recommended that youcontinue mathematics and languagecourses in the senior year of highschool.

For required testing, see page 62.

THE ADMISSION PROCESSAll candidates for admission to theUniversity should send the followingto the Undergraduate AdmissionsProcessing Center, New YorkUniversity, 665 Broadway, 11thFloor, New York, NY 10012-2339:

a. The Undergraduate Application forAdmission (online application only atadmissions.nyu.edu) or the CommonApplication (online or paper version).b. Supplement is required for appli-cants using the Common Application.c. Nonrefundable $65.00 applicationfee ($75.00 for international studentsand U.S. citizens living abroad).d. Official high school and/or collegerecords for which academic credit hasbeen earned (and General EducationalDevelopment test scores if applicable).e. All required testing should becompleted and official results for-warded electronically by one testingagency to the UndergraduateAdmissions Processing Center.f. Recommendations.g. Personal Statement/Essay.

Candidates are urged to complete andfile their applications by the stateddeadline (see page 62 for applicationfiling deadlines). No admission decisionwill be made without complete informa-tion. The Office of UndergraduateAdmissions reserves the right to sub-stitute or waive particular admissionsrequirements at the discretion of theAdmissions Committee.

Freshman candidates forSeptember admission are notifiedapproximately April 1. Early decisioncandidates are notified beginning inthe middle of December. Transfercandidates for September admissionare notified beginning in the middleof April.

Admission of external transfers inany term is limited by space availabil-ity. Applications submitted after thefiling deadlines will be considered inthe order received as long as space isavailable. The application for admis-sion will contain the most currentinformation regarding enrollment.

Office of UndergraduateAdmissions 212-998-4500Web site: admissions.nyu.edu


CAMPUS VISITSAll prospective students and their par-ents are invited to visit the New YorkUniversity campus. Opportunities totour the University and to meet stu-dents and faculty are available tointerested students.

Both high school and college stu-dents wishing to discuss the choice ofa college, the transfer process, or aca-demic programs are invited to attendan information session conducted bythe Office of UndergraduateAdmissions at the Jeffrey S. GouldWelcome Center, located at 50 WestFourth Street. The Office of Under-graduate Admissions holds dailyinformation sessions and conductstours, Monday through Friday, exceptduring University holidays. Visit theundergraduate admissions Web site atadmissions.nyu.edu or call 212-998-4524 to make an appointment for aninformation session and tour.

Although interviews are not avail-able, a visit to the campus is stronglyrecommended. It is suggested thatarrangements be made several weeksprior to visiting the campus.

NYU GUEST ACCOMMODATIONSProspective students and their fami-lies visiting New York University areinvited to stay in Club Quarters, aprivate hotel convenient to theUniversity. Located in a turn-of-the-19th-century building in New York’shistoric Financial District, the hoteloffers concierge services, a healthclub, and room service, among otheramenities. If space is available, week-end University guests may also stay atthe midtown Club Quarters, locatedin a landmark building that is closeto shopping, Broadway theatres, andRockefeller Center. For informationand reservations, call 212-575-0006.

REQUIRED TESTINGFreshman applicants must take theSAT Reasoning Test or the ACT(with Writing Test) and have officialscores sent directly from the testingservice to the University. Freshmanapplicants must also submit scoresfrom two SAT Subject Tests. The testbooklets will provide a space in whichapplicants who want their scores sentto New York University may enterthe appropriate code number. For theSAT, the University’s code number is2562. For the ACT, the code numberis 2838.

Arrangements to take these exam-inations should be made during sen-ior year in high school and one monthprior to the examination date. It isrecommended that applicants seekingSeptember admission take the SAT

Reasoning Test or ACT (with WritingTest) examinations during the preced-ing October, November, or December

Early Decision applicants areencouraged to complete all testing bythe October test date althoughNovember scores usually arrive intime to be considered.

Transfer students must submitSAT or ACT scores. If you are apply-ing as a transfer student and you tookeither one of these tests while in highschool, you should not retake the testsnow; simply submit the results ofyour high school SAT or ACT exami-nations. If you did not take the SATor ACT examinations in high schooland have been in college less than oneyear, you must take one of these testsand submit the results as part of yourapplication. We encourage all appli-cants to submit the results of twoSAT Subject Tests.

International students who are inan area where the ACT (with WritingTest) is not offered must take theSAT. If English is not your native lan-guage and if your primary languageof instruction has not been English,you should also take the Test ofEnglish as a Foreign Language(TOEFL) or the International EnglishLanguage Testing System (IELTS)examination. (See “Applicants withInternational Credentials” on pages63-64 for additional information.)

Detailed information on the SATsmay be obtained from the CollegeBoard, 45 Columbus Avenue, NewYork, NY 10023-6917; telephone:212-713-8000; www.collegeboard.com.Detailed information on the ACT maybe obtained from ACT, 500 ACT Drive,P.O. Box 168, Iowa City, IA 52243-0168; 319-337-1270; www.act.org.

ADMISSION APPLICATIONFILING DEADLINESFor entrance in September, applica-tions for admission, including allrequired supporting credentials, mustbe received by January 1 for freshmancandidates, by April 1 for transferapplicants, and by November 1 forearly decision applicants.

Applications for admissionreceived after these dates will be con-sidered only if space remains in theprogram desired.

FINANCIAL AID APPLICATIONAfter the admissions decision is madeand the appropriate financial aidapplications are submitted, a requestfor financial aid is considered.

All students applying for any fed-eral financial aid must file the FreeApplication for Federal Student Aid(FAFSA). The FAFSA is the only

application students must completeto be considered for most student aidprograms. We recommend that stu-dents apply electronically; see ourNYU Web site at www.nyu.edu/financial.aid. There is no fee charged tofile the FAFSA. Students must includethe NYU federal school code number002785 in the school section of theFAFSA to ensure that their submittedinformation is transmitted by theprocessor to New York University.

New York State residents shouldalso complete the separate applicationfor the Tuition Assistance Program(TAP); for information, visitwww.nyu.edu/financial.aid/tap.html.Students from other states may berequired to complete separate appli-cations for their state programs iftheir state grants can be used at NewYork University. See pages 69-72 formore information.

EARLY DECISION PLAN FORHIGH SCHOOL SENIORSEntering freshman with clearlyacceptable high school records andSAT Reasoning Test or ACT (withWriting Test) scores may be consid-ered under the Early Decision Plan.All early decision applicants mustsubmit scores from two SAT SubjectTests. Every applicant whose nativelanguage is not English must take theTest of English as a Foreign Language(TOEFL) or the International EnglishLanguage Testing System (IELTS)examination. Under the EarlyDecision Plan, students should sub-mit their applications, all supportingcredentials, and all standardized testscores no later than November 1.

In addition, each applicant mustcomplete on the application a signedstatement agreeing that he or she willwithdraw any applications submittedto other colleges if accepted by NewYork University. Another form mustbe signed by the student, parent, andcounselor agreeing to an early deci-sion commitment to enroll if admit-ted to NYU. Action on theseapplications will be taken by theOffice of Undergraduate Admissionsbeginning in mid-December.

Early decision candidates who arealso applicants for financial aid mustsubmit the NYU Early DecisionFinancial Aid Application byNovember 1, so that the Universitywill be able to provide a financial aidestimate for need- and merit-basedassistance by the early decision notifi-cation date. This application isincluded with the Application forUndergraduate Admission, which canbe found online at admissions.nyu.edu/applying.for.admissions. Early decisionapplicants must also file the Free


Application for Federal Student Aid(FAFSA) by February 15.

PART-TIME STUDYStern offers a full-time program only.As a result, it will not be possible tocomplete the Stern Bachelor of Sciencedegree exclusively at night or on apart-time basis. Although somecourses will continue to be offered inthe evening, new students will need tobe able to take courses during the day-time hours in order to complete thedegree. Additionally, it may be neces-sary for transfer students to completemore than 128 credits in order tomeet all degree requirements.

TRANSFER APPLICANTSTransfer applicants will be consideredfor fall admission only. Admission ofexternal transfers for the fall term islimited by space availability. (See“Admission Process,” page 61.) Creditwill be granted for most collegiatework completed with a grade of C orbetter within the last 10 years thatsatisfies degree requirements and thatfalls within the residency require-ment, with the exception of certaincourses of a vocational nature orcourses not consistent with the educational objectives of the SternUndergraduate College. Within theseprovisions, applicants from regionallyaccredited colleges are eligible foradmission.

Except where specifically noted,the general procedures described forentering freshmen apply to all appli-cants seeking to transfer from othertwo-year and four-year institutions.Transfer applicants must submit offi-cial credentials from all institutionsattended, including secondary schooltranscripts. Transfer applicants whotook SAT or ACT examinations whilein high school should submit their testresults as part of their application.Transfer applicants who did not takethese examinations while in highschool and have been in college lessthan one year must take one of thesetests and submit their results to NYU.

To be considered for transferadmission to the Stern School ofBusiness, you must have completed(or be in the process of completing)one year and 30-32 semester hours atyour current college or university.This does not include credit awardedby examination or earned at a previ-ous school. If you do not meet thisrequirement, you will not be consid-ered for admission.

Applicants for transfer admissionshould have completed (or be in theprocess of completing) the followingcourses in order to receive seriousconsideration for admission: micro-economics, calculus, expository writ-

ing, and introductory accounting (acombination of managerial account-ing and financial accounting totalingat least 6 semester hours).

Please note that all degree candi-dates in Stern must complete at least64 consecutive credits of course workin residence at Stern immediatelypreceding the date of graduation; 48of these credits must be in “C” (Stern)courses.

Also note that the Leonard N.Stern School of Business will not con-sider for transfer admission studentswho enter NYU by transferring intoanother NYU school or college.

TRANSFER APPLICANTSWITHIN THE UNIVERSITYStudents who wish to transfer fromone school to another within theUniversity must file an InternalTransfer Application online at admissions.nyu.edu prior to the March 1 application deadline.Students must complete or be in theprocess of completing one full year(32 points) of academic study in theiroriginal school of enrollment to beeligible for internal transfer. Pleasenote that the Leonard N. Stern Schoolof Business will not consider fortransfer admission students who enterNew York University via transfer intoanother New York University schoolor college. Stern accepts transfers infall only.

SPECIAL UNDERGRADUATESTUDENTS (VISITING) The Stern Undergraduate College doesNOT offer courses to nonmatriculatedstudents except in the summer. Pleasecontact the NYU Summer SessionsOffice at 212-998-2292 for programdetails and deadline information.

APPLICANTS WITH INTER-NATIONAL CREDENTIALSApplicants to New York Universitywho are neither U.S. citizens nor per-manent residents of the United Statesmust complete the application foradmission to undergraduate studyavailable online at admissions.nyu.edu.Please indicate on the application foradmission your country of citizen-ship, and if you’re currently residingin the United States, your currentvisa status.

Freshman applicants (those whoare currently attending or who previ-ously completed secondary schoolonly) seeking to begin studies in thefall (September) semester must sub-mit applications and all required credentials on or before January 1.Transfer applicants (those currently orpreviously attending a university ortertiary school) must submit applica-

tions and all required credentials onor before April 1. Applications willnot be processed until all supportingdocuments are received by theUndergraduate AdmissionsProcessing Center.

All freshman applicants arerequired to submit official results ofeither the SAT Reasoning Test or the ACT (with Writing Test). Inaddition, freshman applicants mustalso submit scores from two SATSubject Tests.

If the applicant’s secondary education culminated in a maturitycertificate examination, he or she isrequired to submit an official copy ofthe grades received in each subject.All documents submitted for reviewmust be official; that is, they must beeither originals or copies certified byauthorized persons. A “certified” pho-tocopy or other copy is one that bearseither an original signature of theregistrar or other designated schoolofficial or an original impression ofthe institution’s seal. Uncertified pho-tocopies are not acceptable. If theseofficial documents are in a foreignlanguage, they must be accompaniedby an official English translation.

In addition, every applicant whosenative language is not English musttake the TOEFL (Test of English as aForeign Language). Information con-cerning this examination may beobtained by writing directly toTOEFL/ETS, P.O. Box 6151,Princeton, NJ 08541, U.S.A., or byvisiting the Web site at www.toefl.org.Each student must request that his orher score on this examination be sentto the Undergraduate AdmissionsProcessing Center, code 2562. In lieuof the TOEFL, acceptable results onthe IELTS (International EnglishLanguage Testing System) examina-tion administered by the BritishCouncil will be considered. For infor-mation on this test, visit their Website at www.ielts.org.

Applicants residing in the NewYork area may elect to take, in lieu ofthe TOEFL or IELTS, the Englishproficiency test of the University’sAmerican Language Institute, locatedat 48 Cooper Square, Room 200,New York, NY 10003-7154, U.S.A.An appointment to take the test maybe made by calling 212-998-7040.

Financial documentation is notrequired when filing an application. Ifthe student is accepted, instructionsfor completing the Application forCertificate of Eligibility (AFCOE)online will be included in the accept-ance packet. Appropriate evidence offinancial ability must be submittedwith the AFCOE to the Office forInternational Students and Scholars inorder for the appropriate visa docu-ment to be issued. If the applicant’s


studies are being financed by meansof his or her own savings, parentalsupport, outside private or govern-ment scholarships, or any combina-tion of these, he or she must arrangeto send official letters or similar certi-fication as proof of such support. Newstudents may wish to view the multi-media tutorial for new internationalstudents at www.nyu.edu/oiss/documents/tutorialHome/index.htm. See also“Office for International Students andScholars,” pages 80, 87, and belowunder “Student Visas and Orientation.”

THE AMERICAN LANGUAGEINSTITUTEThe American Language Institute of the School of Continuing andProfessional Studies of New YorkUniversity offers intensive courses inEnglish for students with little or noproficiency in the language. It alsooffers the Advanced WorkshopProgram in English for students withsubstantial English proficiency, butinsufficient proficiency for undertak-ing a full-time academic program.Qualified students in this programcan often combine English languagestudy with a part-time academic pro-gram. This combination may consti-tute a full-time program of study.The institute also offers specializedprofessional courses in accent reduc-tion, grammar, and American busi-ness English.

Individuals who wish to obtainadditional information about theAmerican Language Institute areinvited to visit the office weekdaysthroughout the year between thehours of 9 a.m. and 6 p.m. (Fridaysuntil 5 p.m.). They may also visit theWeb site, www.scps.nyu.edu/ali; writeto the American Language Institute,School of Continuing and ProfessionalStudies, New York University, 48Cooper Square, Room 200, NewYork, NY 10003-7154; telephone:212-998-7040; fax: 212-995-4135;or e-mail: [email protected].

STUDENT VISAS AND ORIENTATIONMatters pertaining to student visasand orientation are handled by theOffice for International Students andScholars, 561 La Guardia Place, 1stFloor; 212-998-4720. In addition,the staff of this office endeavors to aidinternational students in taking fulladvantage of various social, cultural,and recreational opportunities offeredby the University and the city.

READMISSION OF FORMERSTUDENTSAny former student who has been outof attendance for more than two con-

secutive terms and who wishes toreturn to the college must apply forreadmission. Applications for read-mission are available online at admissions.nyu.edu. See AdmissionApplication Filing Deadlines, page62. Requests for readmission shouldbe received by August 1 for the fallterm, December 1 for the spring term,and April 1 for the summer term.

Students who have attendedanother college or university sincetheir last attendance at New YorkUniversity must complete the regularapplication for undergraduate admis-sion and submit an official transcript.

THE ENROLLMENT PROCESSTo be enrolled, an admitted candidatemust do the following:1. Accept the University’s offer ofadmission and pay the required non-refundable tuition deposit.2. If applicable, pay the required non-refundable housing deposit.3. Have his or her high school andcollege forward a final transcript(s) tothe Undergraduate AdmissionsProcessing Center.4. File a medical report.5. Pay balance of tuition and/or hous-ing fees by the stipulated deadlines.6. Register for classes when notified.

ADVANCED STANDINGNew York University policy limitsthe number of advanced standingcredits that students may applytoward undergraduate degrees to 32.However, because the Stern curricu-lum has been carefully designed toensure both intellectual depth andbreadth during the college years, theStern School strongly recommendsthat its undergraduate students applyno more than 20 credits toward theirB.S. degree requirements.

To apply for advanced standing,the student must

• submit proof of prior college-level course work or advancedplacement (AP) test results to theUndergraduate AdmissionsProcessing Center or bring asealed envelope of the transcriptsand/or the test results to theStern Undergraduate Office ofAcademic Advising,

• meet with his/her adviser duringthe first semester of enrollmentat Stern to discuss the implica-tions thereof, and

• sign an Advanced StandingAgreement Form with the SternUndergraduate Office ofAcademic Advising that isplaced on file with the SternUndergraduate College and theOffice of the UniversityRegistrar.

Note: Freshmen are highly encour-aged to consult with an academic adviserbefore they apply AP credit toward theirfirst term at NYU.

CREDIT FOR PRIOR COLLEGECOURSE WORKCredit may be awarded for satisfactorywork completed at another accreditedcollege or university. In order to beconsidered for credit, matriculatingstudents must submit an official tran-script for each college-level coursecompleted at another institution.Performance in each course will thenbe examined to determine how much,if any, advanced standing credit willbe granted.

For students admitted as fresh-men, credit is usually granted foreach course taken prior to admissionsubject to the following criteria: (a)the course has an NYU course equiva-lent, (b) the grade obtained is “B” orbetter, (c) the course is not in a busi-ness domain, and (d) the course wastaken at a college campus and did notcount toward the high school degree.In no cases will credit be granted forprior business classes. As with allother students, freshman students arerequired to fulfill the residencyrequirement.

When a transfer applicant isadmitted to the Stern UndergraduateCollege, the applicant’s records areexamined carefully to determine howmuch, if any, advanced standing willbe granted. Each individual coursecompleted elsewhere is evaluated. Ingranting advanced standing, the fol-lowing are considered: the content,complexity, and grading standards ofcourses taken elsewhere; individualgrades and grade averages attained bythe applicant; the suitability ofcourses taken elsewhere for the pro-gram of study chosen here; and thedegree of preparation that completedcourses provide for more advancedstudy here. Point credit toward thedegree is given only for a grade of “C”or better and provided that the creditfits into the selected program ofstudy. As with all other students,transfer students are required to fulfillthe residency requirement.

All degree candidates are subjectto the following residency require-ment: They must complete at least 64consecutive credits of course work inresidence at the Stern UndergraduateCollege immediately preceding thedate of graduation. Forty-eight ofthese credits must be in “C” (Stern)courses.

Moreover, students may take nomore than 18 credits of advancedcourse work in any Stern department(unless otherwise noted). All coursework transferred into Stern is counted


into these limits. Course work taken10 years prior to matriculation maynot be transferable.

A tentative statement of transfercredit is provided to each studentupon notification of admission to the Stern Undergraduate College. Afinal statement of transfer credit is

provided during the student’s firstsemester of matriculation. Requestsfor reevaluation of transfer creditmust be made within the first monthof matriculation at Stern.

PLACEMENT EXAMINATIONSPlacement examination results are usedin the Stern Undergraduate Collegeunder the following conditions:1. English: Entering freshmen andtransfer students will be assigned toone of two levels of expository writ-ing based on their verbal SAT

ADVANCED PLACEMENT EQUIVALENCIESApplies to Students Who Entered Fall 2006

AP Examination and Grade Credits NYU Course Equivalent Stern Equivalent

American History 4, 5 4 V57.0009 or 0010 Elective

Biology 4, 5 8 V23.0011-0012 Natural Science

Calculus AB and BC No Credit No course equivalent Placement Only

Chemistry 4, 5 8 V25.0101-0102 Natural Science

Classics-Lyric 4, 5 4 V27.0871 Elective

Classics-Vergil 4, 5 4 V27.0006 Elective

Computer Science A 4, 5 4 V22.0101 Elective

Computer Science AB 4, 5 8 V22.0101-0102 Elective

Economics Micro or Macro No Credit No course equivalent No Credit

English Language No credit No course equivalent No Credit

English Literature 4, 5 4 No course equivalent Elective

Environmental Science 4, 5 4 No course equivalent Natural Science

European History 4, 5 4 V57.0001 or 0002 Elective

French Language 4, 5 4 V45.0101 Elective

French Literature 4, 5 4 V45.0115 Elective

German Language 4, 5 4 100-level language course Elective

History of Art 4, 5 4 V43.0001 or V43.0002 Elective

Human Geography No credit No course equivalent No Credit

Physics B 4 5 V85.0001 Natural Science

Physics B 5 10 V85.0011-0012 Natural Science

Physics C-E. and M. 4, 5 5 V85.0012 or V85.0093 Natural Science

Physics C-Mech. 4, 5 5 V85.0011 or V85.0091 Natural Science

Politics (U.S. Gov’t. and Politics) 4, 5 4 No course equivalent Elective

Politics (Comparative Gov’t. and Politics) 4, 5 4 No course equivalent Elective

Psychology 4, 5 4 V89.0001 Elective

Spanish Language 4 4 V95.0004 Elective

Spanish Language 5 4 V95.0030 Elective

Spanish Literature 4, 5 4 V95.0200 Elective

Statistics No Credit C22.00011 Placement Only

Studio Art No credit No course equivalent No Credit

World History 4 No course equivalent Elective

1 A student who receives a 4 or 5 on the AP statistics test may take the statistics proficiency test—if the proficiency test is passed, the student iswaived from having to take Statistics for Business Control (C22.0001) for 4 credits, and the 4 credits are added to the student’s elective require-ments. However, the student is still required to take Regression and Forecasting Models (C22.0003) for 2 credits.


Reasoning Test scores or writing proficiency.2. Foreign Languages: A studentwho wishes to continue in a languagepreviously studied in high school orin college must take a language place-ment test or submit scores from theCollege Entrance Examination Boardor receive a recommendation forplacement from the appropriate lan-guage department.

CREDIT BY EXAMINATION The Advanced Placement Program(AP-College Entrance ExaminationBoard), the International BaccalaureateProgram (IB), and the results of someforeign maturity certificate examina-tions can enable undergraduate stu-dents to receive credit toward the B.S.degree on the basis of performance incollege-level examinations or profi-ciency examinations related to theCollege’s degree requirements, subjectto the approval of the College. Collegecredit based on performance on profi-ciency tests will be considered whenofficial test reports are submitted forreview. For students admitted as fresh-men, credit is usually granted (or not)based on test performance and applica-bility of the test’s subject matter to theStern Undergraduate College’s degreerequirements. In order to be consid-ered for credit, official test reportsmust be submitted for review.

In accordance with New YorkUniversity policy, students mayreceive college credit toward theirdegree for select AP tests resulting inscores of 4 or 5 that were taken priorto the completion of high school.Students receiving credit toward thedegree may not take the correspon-ding college-level course in theCollege of Arts and Science or SternUndergraduate College for credit. Ifthey do, they will not receive creditfor the course taken at NYU.

For the International Baccalaureate(IB) examination, the Stern Schoolrecognizes higher-level examinationspassed with grades of 6 or 7. Nocredit is granted for standard levelexaminations. Official reports must besubmitted to the UndergraduateAdmissions Processing Center forreview.

The Stern Undergraduate Collegewill consider the results of certain for-eign maturity certificate examinationsfor advanced standing credit, e.g., British “A” levels, FrenchBaccalauréat, German Abitur, ItalianMaturità, or the Federal SwissMaturity Certificate. Official reportsmust be submitted to the Under-graduate Admissions ProcessingCenter. For information regarding thepossibility of advanced standingcredit for other maturity certificates,contact the Office of UndergraduateAdmissions at admissions.nyu.edu.

Limitations on AdvancedStanding Credits (By Subject)MathematicsAll students entering Stern as fresh-men are required to fulfill a 4-creditmathematics course. For studentswho entered fall 2005 and after, nocredit toward degree requirementswill be granted based on prior mathe-matics course work or examinationstaken during high school. Advancedplacement standing in mathematicswill be used only to determine inwhich mathematics course it is appro-priate that an incoming studentenroll.

For students who entered fall2005 and after, the 4-credit require-ment will typically be fulfilledthrough the successful completion ofCalculus I (V63.0121), but for stu-dents with advanced standing, ahigher-level course may be more

appropriate for fulfilling the 4-creditrequirement. Stern academic advisersare available to help those studentswith advanced standing make appro-priate course selections. Choicesinclude Calculus II, and LinearAlgebra.

Economics All students entering Stern as fresh-men are required to complete the 4-credit Microeconomics (C30.0001)course and the 4-credit internationalmacroeconomics course, Economics ofGlobal Business (C30.0011). Nocredit will be awarded for any prioreconomics course work or AP eco-nomics exams.

Statistics All students entering Stern arerequired to fulfill a 6-credit statisticsrequirement. Students are eligible towaive out of 4 of the 6 total creditrequirements based on their APStatistics examination results. Inorder to be waived from the 4-creditportion of the requirement, a profi-ciency examination must be takenafter the student arrives on campus.Upon passage of the examination, the4 credits from the usual Statisticsrequirement are redistributed to theelective requirements. Regardless ofadvanced standing, all students musttake the 2-credit course entitledRegression and Forecasting Models(C22.0003).

Writing/ExpositionAll students entering Stern as fresh-men are required to complete an 8-credit writing sequence. No credittoward degree requirements is cur-rently granted for prior course workor examination results in writing orexposition.

hen estimat-ing the costof a univer-sity educa-

tion, a student should consider

two factors: (1) the total costof tuition, fees, and materialsrelated to a particular programplus costs directly related tothe choice of living style (dor-

mitory, apartment, commut-ing costs); and (2) financial aidthat may be available from avariety of sources.

T U I T I O N , F E E S , A N D F I N A N C I A L A I D 67

Tuition, Fees, and Financial Aid

WTuition and Fees

Following is the schedule of feesestablished by the Board of Trusteesof New York University for the year2008-2009. The Board of Trusteesreserves the right to alter this sched-ule without notice. Tuition, fees, andexpenses may be expected to increasein subsequent years and will be listedon the Web site of the Office of theBursar: www.nyu.edu/bursar.

Note that the registration andservices fee covers memberships, dues,etc., to the student’s class organiza-tion and entitles the student to mem-bership in such University activitiesas are supported by this allocationand to receive regularly thoseUniversity and college publicationsthat are supported in whole or in partby the student activities fund. It alsoincludes the University’s health serv-ices, emergency and accident cover-age, and technology fee.

All fees are payable at the time ofregistration. The Office of the Bursaris located at 25 West Fourth Street.Checks and drafts are to be drawn tothe order of New York University forthe exact amount of the tuition andfees required. In the case of overpay-ment, the balance is refunded onrequest by filing a refund applicationin the Office of the Bursar.

A fee will be charged if paymentis not made by the due date indicatedon the student’s statement.

The unpaid balance of a student’saccount is also subject to an interestcharge of 12 percent per annum fromthe first day of class until payment isreceived.

Holders of New York StateTuition Assistance Program Awardswill be allowed credit toward theirtuition fees in the amount of theirentitlement, provided they are NewYork State residents, are enrolled on afull-time basis, and present with their

schedule/bill the Award Certificatefor the applicable term.

Students who receive awards afterregistration will receive a check fromthe University after the Office of theBursar has received the New YorkState payment and the Office of theUniversity Registrar has confirmedeligibility.

Full-Time StudentsTuition, 12 to 18 credits, Per term $17,822.00

Fall term 2008:nonreturnable registrationand services fee 1,521.00

Spring term 2009:nonreturnable registrationand services fee 1,521.00

For each point taken in excess of 18,per point, per term (includes anonreturnable registrationand services fee of $58.00) 1,106.00

Other StudentsTuition, per point $1,048.00

Fall term 2008: nonreturnable registration and services fee,first point 395.00

Fall term 2008: nonreturnable registration and services fee, per point,for registration afterfirst point 58.00

Spring term 2009: nonreturnable registrationand services fee, first point 408.00

Spring term 2009: nonreturnable registration and services fee, per point,for registration after first point 58.00

Special Fees Basic Health Insurance Benefit PlanFull-time students automaticallyenrolled1,2; all others can select:

Annual $1,388.00

Fall term 536.00

Spring term 852.00(coverage for the spring and summer terms)

Summer term 376.00(only for students who did not register in the preceding term)

Comprehensive Health Insurance Benefit PlanInternational students automaticallyenrolled1,2; all others can select:

Annual 2,170.00

Fall term 838.00

Spring term 1,332.00(coverage for the spring and summer terms)

Summer term 589.00(only for students who did not register in the preceding term)

Stu-Dent PlanDental service through NYU’sCollege of Dentistry:Primary member $225.00

Partner 225.00

Dependent (under age 16) 80.00

Renewal membership 185.001 Waiver option available.2 Students automatically enrolledin the Basic Plan orComprehensive Plan can changebetween plans or waive the planentirely (and show proof of otheracceptable health insurance).


Other Fees Late payment of tuition fee $25.00

Late registration fee commencing with the second week of classes 50.00

Late registration fee commencing with the fifth week of classes 100.00

Penalty fee 20.00

DEFERRED PAYMENT PLAN(50/50)The Deferred Payment Plan allowsyou to pay 50 percent of your net bal-ance due for the current term on thepayment due date and defer theremaining 50 percent until later inthe semester. This plan is available tostudents who meet the following eli-gibility requirements:

• Matriculated and registered for 6or more points

• Without a previously unsatisfac-tory University credit record

Interest (finance charges) will accruebeginning from the first day of classat 12 percent per annum (1 percentper month) on the unpaid balance. A$25.00 late fee will be assessed ifdeferred payments are made after thedue date. For additional information,please contact the Office of the Bursarat 212-998-2806.

TUITIONPAY PLANTuitionPay (formerly called AMS) is apayment plan administered bySallieMae. The plan is open to allNYU students with the exception ofthe SCPS noncredit division. Thisinterest-free plan allows for all or aportion of a student’s educationalexpenses (including tuition, fees,room, and board) to be paid inmonthly installments.

The traditional University billingcycle consists of one large lump sumpayment due at the beginning of eachsemester. TuitionPay is a budget planthat enables a family to spread pay-ments over the course of the academicyear. By enrolling in this plan, youspread your fall semester tuition pay-ments over a four-month period (Junethrough September) and your springsemester tuition payment overanother four-month period(November through February).

With this plan, you budget thecost of your tuition and/or housingafter deducting any financial aid youwill be receiving and/or any paymentsyou have made directly to NYU.

A nonrefundable enrollment fee of$50.00 is required when applying forthe fall/spring TuitionPay Plan. Youmust enroll in both the fall and

spring plans. Monthly statementswill be mailed by TuitionPay, and allpayments should be made directly tothem. For additional information,contact TuitionPay at 800-635-0120or visit the NYU Office of the BursarWeb site at www.nyu.edu/bursar.

ARREARS POLICYThe University reserves the right todeny registration and withhold allinformation regarding the record ofany student who is in arrears in thepayment of tuition, fees, loans, orother charges (including charges forhousing, dining, or other activities orservices) for as long as any arrearsremain.

DIPLOMA ARREARS POLICYDiplomas of students in arrears willbe held until their financial obliga-tions to the University are fulfilledand they have been cleared by theOffice of the Bursar. Graduates with adiploma hold may contact the Officeof the Bursar at 212-998-2806 toclear arrears or to discuss their finan-cial status at the University.

GRADUATION POLICYNo candidate may be recommendedfor a degree until all required feeshave been paid. The University can-not be responsible for the inclusion inthe current official graduation list ofany candidate who pays fees after thefirst day of May, September, orJanuary for degrees in May,September, or January, respectively.Following the payment of all requiredfees and on approval of the faculty,the candidate will be recommendedfor the degree as of the date of thenext regular meeting of theUniversity Board of Trustees at whichthe awarding of degrees is a part ofthe order of business.

WITHDRAWAL AND REFUNDOF TUITIONA student who for any reason finds itimpossible to complete a course forwhich he or she has registered shouldconsult with an academic adviser inTisch Hall, Suite 616. An officialwithdrawal must be filed either onAlbert (through the first three weeksof the term only) or in writing on acompleted Change of Program(drop/add) form with the Office of theUniversity Registrar. (Note: An offi-cial withdrawal must be filed if a coursehas been canceled, and, in this case, thestudent is entitled to a refund of tuitionand fees paid.) Withdrawal does notnecessarily entitle the student to arefund of tuition paid or a cancella-

tion of tuition still due. A refund oftuition will be made provided suchwithdrawal is filed within the sched-uled refund period for the term (seeschedule below).

Merely ceasing to attend a classdoes not constitute official with-drawal, nor does notification to theinstructor. A stop payment of a checkpresented for tuition does not consti-tute withdrawal nor does it reducethe indebtedness to the University.The nonreturnable registration feeand a penalty fee of $20.00 for astopped payment must be charged inaddition to any tuition not canceled.

The date on which the Change ofProgram form is filed, not the lastdate of attendance in class, is consid-ered the official date of withdrawal. Itis this date that serves as the basis forcomputing any refund granted thestudent.

The refund period (see schedulebelow) is defined as the first four cal-endar weeks of the term for whichapplication for withdrawal is filed.The processing of refunds takesapproximately two weeks.

REFUND PERIOD SCHEDULE(FALL AND SPRING TERMSONLY)This schedule is based on the totalapplicable charge for tuition exclud-ing nonreturnable fees and deposits.

Withdrawal on or before the official opening date of the term (100% of tuition and fees)* 100%

Withdrawal on the second day afterthe official opening date of the term through the end of the first calendarweek(100% of tuition only) 100%

The first calendar week consists of the first seven (7) calendar days beginning with the official opening date of the term. (Note: not the first day of the class meeting.)

Withdrawal within the second calendar week from theopening date of the term 70%

Withdrawal within the thirdcalendar week from theopening date of the term 55%

Withdrawal within the fourthcalendar week from theopening date of the term 25%

Withdrawal after completion of the fourth calendar week from the opening dateof the term NONE

* Note: After the official opening date ofthe term, the registration and services fee isnot returnable.


The above refund schedule is notapplicable to students whose registra-tion remains within the flat-fee range.

Please note: A student may notwithdraw from a class the last three weeksof the fall or spring semester or the lastthree days of each summer session.

Exceptions to the publishedrefund schedule may be appealed inwriting to the refund committee ofthe school of matriculation andshould be supported by appropriatedocumentation regarding the circum-stances that warrant consideration ofan exception. Exceptions are rarelygranted. Students who withdrawshould review the “Refunds” page onthe Office of the Bursar’s Web site atwww.nyu.edu/bursar.

Federal regulations require adjust-ments reducing financial aid if a stu-dent withdraws even after the NYUrefund period. Financial aid amountswill be adjusted for students whowithdraw through the ninth week ofthe semester and have received anyfederal grants or loans. This adjust-ment may result in the student’s billnot being fully paid. NYU will billthe student for this difference. Thestudent will be responsible for pay-ment of this bill before returning toNYU and will remain responsible forpayment even if he or she does notreturn to NYU.

For any semester a studentreceives any aid, that semester will becounted in the satisfactory academic

progress standard. This may requirethe student to make up credits beforereceiving any further aid. Pleasereview “Semester Course Loads” onpages 74-75 and “Academic Standards”on page 78, so that you do not jeopard-ize future semesters of aid.

TUITION INSURANCENYU encourages all students to purchase tuition insurance in case awithdrawal after the refund periodbecomes necessary. For more informa-tion, contact A.W. G. Dewar, Inc.,Four Batterymarch Park, Quincy, MA 02169; 617-774-1555;www.tuitionrefundplan.com.

Financial Aid25 West Fourth Street1st FloorNew York, NY 10012-1119212-998-4444www.nyu.edu/financial.aid

New York University awards financialaid in an effort to help students meetthe difference between their ownresources and the cost of education. Allawards are subject to availability offunds and the student’s demonstratedneed. Renewal of assistance depends onannual reevaluation of a student’s need,the availability of funds, the successfulcompletion of the previous year, andsatisfactory progress toward comple-tion of degree requirements. In addi-tion, students must meet the publishedfiling deadlines. Detailed informationabout financial aid is forwarded withthe admission application and is alsoavailable on the Office of Financial AidWeb site, www.nyu.edu/financial.aid. Aconcise summary is also included in theNYU Student’s Guide, available fromthe Student Resource Center, KimmelCenter for University Life, 60Washington Square South, Suite 210.

Many awards are granted purely onthe basis of scholastic merit, while others are based on financial need. It isfrequently possible to receive a combi-nation of awards based on both.University scholarships or fellowshipsmay be granted by themselves or inconjunction with student loans orFederal Work-Study employment. Toensure that maximum sources of avail-able support will be investigated, stu-dents must apply for financial aid bythe appropriate deadline.

It is the student’s responsibility tosupply true, accurate, and completeinformation to the Office of FinancialAid and to notify them immediatelyof any changes or corrections in his orher financial situation, enrollmentstatus, or housing status, includingtuition remission benefits, outsidescholarships and grants, and state-sponsored prepaid college savingsplans.

A student who has received afinancial aid award must inform his or

her department and the Office ofFinancial Aid if he or she subse-quently decides to decline all or partof that award. To neglect to do so mayprevent use of the award by anotherstudent. If a student has not claimedhis or her award (has not enrolled) bythe close of regular (not late) registra-tion and has not obtained writtenpermission from his or her depart-ment and the Office of Financial Aidfor an extension, the award may becanceled, and the student maybecome ineligible to receive scholar-ship or fellowship aid in future years.

Determination of financial need isalso based on the number of coursesfor which the student indicates he orshe intends to register. A change inregistration therefore may necessitatean adjustment in financial aid.

HOW TO APPLYStudents must submit the FreeApplication for Federal Student Aid(FAFSA), and later, New York Stateresidents must also complete thepreprinted New York State TuitionAssistance Program (TAP) applica-tion, which is mailed automatically tothe student by the New York StateHigher Education ServicesCorporation (HESC) after the FAFSAis processed. (The TAP application isalso available on the Internet whenusing FAFSA on the Web. Seewww.nyu.edu/financial.aid/tap.html.)The FAFSA (available online atwww.fafsa.ed.gov or from the student’scurrent high school or from the NYUOffice of Financial Aid) is the basicform for all student aid programs. Besure to complete all sections. Studentsshould give permission on the FAFSAfor application data to be sent directlyto New York University (the NYUfederal code number is 002785).

Students are encouraged to apply

for financial aid electronically—thefastest and most accurate method. See www.nyu.edu/financial.aid orwww.fafsa.ed.gov. Entering freshmenshould submit the application byFebruary 15 for the fall term or byNovember 1 for the spring term.Returning undergraduates and trans-fer students apply no later than March 1. Continuing students shouldconsult the Financial Aid Web site ortheir department for financial aiddeadlines.

Students requiring summer finan-cial aid must submit a summer aidapplication in addition to the FAFSAand TAP application. The applica-tion, available in February, can beobtained from the Financial Aid Website or the Office of Financial Aid.

ELIGIBILITY

EnrollmentTo be considered for financial aid, stu-dents must be officially admitted toNYU or matriculated in a degree program and making satisfactory academic progress toward degreerequirements. Students in certain cer-tificate or diploma programs may alsobe eligible for consideration.

Generally, University adminis-tered aid is awarded to full-time stu-dents. Half-time students (fewer than12 but at least 6 credit credits persemester) may be eligible for aFederal Stafford Student Loan or aFederal PLUS Loan, but they mustalso maintain satisfactory academicprogress. Part-time undergraduatestudents may also be eligible for Aidfor Part-Time Study (APTS) (NewYork State residents only—separateapplication is necessary) or for PellGrants. Stern students are only per-mitted to enroll in fewer than 12credits (part-time status) in their ter-


minal semester. Students who areenrolled in fewer than 12 creditsshould visit the Office of FinancialAid and Office of the Bursar to findout how this will impact tuition andfinancial aid.

Renewal EligibilityFinancial aid awards are not automat-ically renewed each year. Continuingstudents must submit a RenewalFAFSA each year by the NYU dead-line, continue to demonstrate finan-cial need, make satisfactory progresstoward degree requirements, and bein good academic standing.

CitizenshipIn order to be eligible for aid fromNYU and from federal and state gov-ernment sources, students must beclassified either as U.S. citizens or aseligible noncitizens. Students are con-sidered to be eligible noncitizens forfinancial aid purposes if one of the following conditions applies:

1. U.S. permanent resident with anAlien Registration Receipt Card I-551 (“green card”).2. Other eligible noncitizen with anArrival-Departure Record (I-94)showing any one of the following designations: (a) “Refugee,” (b) “Indefinite Parole,” (c) “Humanitarian Parole,” (d) “Asylum Granted,” or (e) “Cuban-Haitian Entrant.”

WithdrawalThose students receiving federal aidwho withdraw completely may bebilled for remaining balances result-ing from the mandatory return offunds to the U.S. government. Theamount of federal aid “earned” up tothat point is determined by the with-drawal date and a calculation basedon the federally prescribed formula.Generally, federal assistance is earnedon a pro-rata basis.

UNIVERSITY-SPONSOREDAND -ADMINISTERED PROGRAMSThrough the generosity of its alumniand other concerned citizens, as wellas from funds supplied by the federalgovernment, the University is able toprovide an extensive financial aid pro-gram for its students. Awards arecompetitive and based on academicachievement, test scores, and, in mostcases, financial need.

Scholarships and GrantsScholarships and grants awarded bythe University generally range from$500 to $25,000. In addition, the

University has established separatescholarship funds for students in spe-cial situations of merit or need. Thereis no separate application for NYUscholarships. All students are auto-matically considered for academic(merit-based) and financial need-based scholarships after applying foradmission and financial aid. TheFAFSA and the admissions applica-tion contain all the informationneeded for scholarship determination.

New York University MeritScholarships. The University spon-sors scholarships for finalists in theannual National Merit ScholarshipProgram. New York University mustbe listed as the first choice of schoolsin order to qualify for New YorkUniversity Merit Scholarships.

The Reynolds Program in SocialEntrepreneurship. The ReynoldsProgram in Social Entrepreneurshipoffers 10 undergraduate scholarshipseach year. The program is a compre-hensive initiative designed to equipthe next generation of social entrepre-neurial leaders, infrastructure devel-opers, and managers with the skills,resources, and networking opportuni-ties needed to help solve society’smost intractable problems in sustain-able and scalable ways. The under-graduate scholarship provides up to$40,000 over two years and dedicatedcurricular and cocurricular activities.Students must submit an applicationfor consideration. For more details,you may visit www.nyu.edu/reynolds.

Loan ProgramFederal Perkins Loan Program.New York University administers theFederal Perkins Loan Program, sup-ported by the federal government.The University determines eligibilityfor a Perkins Loan based on a stu-dent’s financial need and availabilityof funds; students are considered forthis loan when they apply for finan-cial aid. The University generallyawards Perkins Loans to the neediestfull-time students only.

Perkins loans are made possiblethrough a combination of resources:an annual allocation from the U.S.Department of Education, a contribu-tion from New York University, andrepayments by previous borrowers.

The annual interest rate is cur-rently 5 percent, and interest does notaccrue while the student remainsenrolled at least half time.

Part-Time EmploymentWasserman Center for CareerDevelopment. Most financial aidaward packages include work-study.

This means that students are eligibleto participate in the Federal Work-Study Program and may earn up tothe amount recommended in theiraward package. Work-study wagesare paid directly to the student on abiweekly basis and are normally usedfor books, transportation, and per-sonal expenses.

It is not necessary to be awardedwork-study earnings in order to usethe services of the Wasserman Centerfor Career Development. All studentsmay use the center as soon as theyhave paid their tuition deposit andmay also wish to use the center as aresource for summer employment.Extensive listings of both on-campusand off-campus jobs are available. TheWasserman Center for CareerDevelopment is located at 133 East13th Street, 2nd Floor; 212-998-4730. (See also pages 73-74 and 87.)

Resident Assistantships. Residentassistants reside in the undergraduateresidence halls and are responsible fororganizing, implementing, and evalu-ating social and educational activities.Compensation may include roomand/or board, and/or a stipend.Applications and further informationmay be obtained from the Office ofResidential Education, New YorkUniversity, 75 Third Avenue, LevelC2, New York, NY 10003-5582;212-998-4311.

ALL OTHER SOURCES OF AID

State GrantsNew York State offers a wide varietyof grants and scholarships to resi-dents. Although application is madedirectly to the state and grants areawarded by the state, the amounteach student is expected to receive isestimated and taken into account bythe University when assembling thestudent’s financial aid package.

New York State Tuition AssistanceProgram (TAP). Legal residents ofthe state of New York who areenrolled in a full-time degree pro-gram of at least 12 credit points aterm, or the equivalent, may be eligi-ble for awards under this program.The award varies, depending onincome and tuition cost.

Students applying for TAP mustdo so via a FAFSA application (see earlier “How to Apply” section).Return the completed application asinstructed. Do not send the forms toNYU. For more information aboutTAP, visit www.nyu.edu/financial.aid/tap.html. Students who apply for theTAP grant must declare their majorby their sophomore year. Studentswho are eligible for this grant should


meet with their adviser prior to theirsophomore year to discuss their majorselection.

Aid for Part-Time Study (APTS). Afinancial aid program to help NewYork State residents pursuing part-time undergraduate degree studyoffers awards in amounts of up to$2,000 per academic year. The amountof an award is determined by the insti-tution. To be eligible, the studentmust have filed a FAFSA and demon-strate financial need, must not haveexhausted his or her TAP eligibility,must be otherwise eligible for financialaid, and must be enrolled for 3 to 11credit points per term. Applicationsare available from the Office ofFinancial Aid or their Web site. Theapplication deadline varies; please con-sult the Office of Financial Aid.

Other New York State Programs.Additional programs are listed below.For complete information, contact theNew York Higher Education ServicesCorporation (HESC) toll-free at 888-697-4372, or visit their Web site atwww.hesc.com.

• World Trade Center Scholarship

• New York State Scholarship forAcademic Excellence

• Regents Professional OpportunityScholarships

• Awards for Children of Veterans(CV)

• Robert C. Byrd Honors Scholarship

• Memorial Scholarships for Familiesof Deceased Firefighters, VolunteerFirefighters, Police Officers, PeaceOfficers, and Emergency MedicalService Workers

• Persian Gulf Veterans TuitionAwards (PGVTA)

• Vietnam Veterans Tuition Awards(VVTA)

• State Aid to Native Americans

• AmeriCorps Educational Award

• Volunteer Recruitment ServiceScholarship for Volunteer Fire andAmbulance Recruits

• Military Service RecognitionScholarship (MSRS)

States Other Than New York. Somestudents from outside New York Statemay qualify for funds from their ownstate scholarship programs that can beused at New York University. Contactyour state financial aid agency (call800-433-3243 to get its telephonenumber and address) to ask about pro-gram requirements and applicationprocedures. When you receive an eligi-bility notice from your state program,you should submit it to the New YorkUniversity Office of Financial Aid inadvance of registration.

Federal Grants and BenefitsPell Grant Program. The FederalPell Grant Program provides assis-tance to undergraduate students whodemonstrate financial need accordingto economic criteria and programrequirements established by the fed-eral government. To be eligible, youmust enroll in a degree or approvedcertificate/diploma program and bematriculated for your first bachelor’sdegree. (You are not eligible if youhave already completed a bachelor’sdegree.) By submitting the FreeApplication for Federal Student Aid(FAFSA), you also apply for a FederalPell Grant.

Federal Academic CompetitivenessGrant (ACG). The AcademicCompetitiveness Grant (ACG) pro-vides federal assistance to studentswho are also eligible for a Federal PellGrant and have financial need.Students must also be U.S. citizens, beenrolled full-time, and be in a two- orfour-year undergraduate degree pro-gram. They must not have previouslyenrolled in an undergraduate programand must have been in a rigorous highschool program or met the standard ofrigor via other means as defined by theDepartment of Education. Theamount of the award varies, depend-ing on whether the student is in his orher first or second year. For studentsreceiving the ACG in their first year,they must have graduated from highschool after January 1, 2006. For stu-dents receiving ACG in their secondyear, they must have graduated fromhigh school after January 1, 2005.Returning students must have acumulative GPA of 3.0 or above.Students will automatically bereviewed for ACG eligibility eachsemester.

Federal Supplemental EducationalOpportunity Grants (SEOG). Thesefederally funded grants are awardedto undergraduates whose financialneed is substantial. All FAFSA filerswho qualify are automatically consid-ered for this grant. However, fundsfor this program are very limited.

Veterans Benefits. Various programsprovide educational benefits forspouses, sons, and daughters ofdeceased or permanently disabled vet-erans as well as for veterans and in-service personnel who served onactive duty in the United StatesArmed Forces after January 1, 1955.In these programs the amount of ben-efits varies.

Applications and further informa-tion may be obtained from the stu-dent’s regional office of the

Department of Veterans Affairs.Additional guidance may be obtainedfrom the Office of the UniversityRegistrar, 25 West Fourth Street, 1stFloor.

Outside Scholarships andGrantsStudents may be eligible for a privatescholarship or grant from an outsideagency. Some sources to explore areemployers, unions, professionalorganizations, and community andspecial interest groups. A number ofextensive scholarship search resourcesare available free on the Internet, andseveral are featured on the NYUOffice of Financial Aid Web site.Students must notify the Office ofFinancial Aid if they receive fundsfrom any of these sources.

Federal LoansSubsidized Stafford Student LoanProgram (SSL). The subsidized fed-eral Stafford Student Loan Programprovides low-interest student loansusing the capital of lending institu-tions and the administrative facilitiesof state agencies. These loans aremade by independent banks or lend-ing institutions and are generallyinsured by both the state and federalgovernments.

During the first year of under-graduate study, the student may bor-row up to a maximum of $3,500. Insubsequent years, the amount isincreased to $4,500 (sophomores),$5,500 (juniors and seniors), and$8,500 (graduate students). Withinthese limits, students may borrow upto the difference between the cost ofeducation, the family contribution,and the total of all financial aidawards. For dependent students,“family contribution” is derived fromthe incomes of the parents and thestudent. For graduate students andindependent undergraduates, familycontribution is based on the incomesof the student and spouse (if married).

The subsidized Stafford StudentLoan interest rate for all students isfixed at 6.8 percent. Interest does notaccrue, however, nor does repaymentbegin, until six months after the bor-rower ceases to enroll at least halftime.

An insurance premium of up to 1percent as well as an origination fee ofup to 3 percent may be deductedfrom the loan funds.

Stafford loan disbursements arecopayable to NYU and the student,and funds are applied first to any out-standing balance on the student’saccount.


Unsubsidized Stafford StudentLoan Program. For independentundergraduate students and somedependent undergraduate students forwhom it is documented that theirparents cannot obtain a PLUS loan,the unsubsidized federal StaffordStudent Loan provides additional loaneligibility beyond any subsidizedStafford amounts. Students must firstapply for the regular (subsidized)Stafford program, and if they meeteligibility criteria, they will be auto-matically considered for the unsubsi-dized program. Terms and conditionsare essentially the same as for the reg-ular Stafford loan, except the federalgovernment does not pay the intereston the unsubsidized loan while thestudent is in school. Students mustbegin to repay interest and principal60 days after the first loan funds areissued. Payment of the principal maybe deferred if the student is enrolledat least half time for the period of theloan. Also, the interest can be “capi-talized” (added to the principal) ifdesired.

Freshmen and sophomores mayborrow up to $4,000 each year; jun-iors and seniors, up to $5,000 eachyear; and graduate students up to$12,000 each year. The total amountborrowed in any year may not exceedthe cost of education minus the totalfamily contribution and minus allother financial aid received that year.

Stafford loan disbursements arecopayable to NYU and the student,and funds are applied first to any out-standing balance on the student’saccount.

Stafford Loan Limits. Generally, thetotal debt a student can have out-standing from all Stafford loans com-bined is $23,000 as a dependentundergraduate student; $46,000 as anindependent student (only $23,000 ofthis amount may be in subsidizedloans); and $138,500 as a graduate orprofessional student (only $65,500 ofthis amount may be in subsidizedloans). The graduate debt limitincludes any Stafford loans receivedfor undergraduate study.

PLUS Loan Program. The federalPLUS Loan Program enables credit-worthy parents of dependent studentsand qualifying independent graduatestudents to borrow up to an amountequal to the cost of education minusall other financial aid. No aggregateborrowing limits apply.

The annual interest rate is fixed at8.5 percent. For this reason, eligibleindividuals are strongly encouragedto choose a federal PLUS loan beforeapplying for a private educationalloan. Repayment of the PLUS loantypically begins within 60 days afterfunds are disbursed and may extendup to 10 years. An origination fee ofup to 3 percent will generally bededucted at the time of disbursement.

Private LoansA variety of private student loan pro-grams are available to both U.S. andinternational students attendingNYU. Created to supplement federaland institutional aid, they featureattractive terms and interest rates, andall creditworthy families facing col-

lege expenses are eligible. There areno maximum income limits. Loans aremade through banks, savings and loanorganizations, and other lenders. Formore information, see the NYU Officeof Financial Aid Web site or contactthe Office of Financial Aid.

Employee Education PlansMany companies pay all or part of thetuition of their employees undertuition refund plans. Employed stu-dents attending the University shouldask their personnel officers or trainingdirectors about the existence of acompany tuition plan. Students whoreceive tuition reimbursement andNYU employees who receive tuitionremission from NYU must notify theOffice of Financial Aid if they receivethis benefit.

STERN SCHOLARSHIPS FORMATRICULATED STUDENTSWhile the majority of scholarshipsare awarded to students at the time ofadmission, each year through the gen-erosity of alumni and corporatedonors, we distribute special scholar-ships to deserving students at theStern School. Selection is based oncriteria established with the donorsand the school. In the spring semes-ter, the Office of the Dean workstogether with the financial aid office,the donor, and appropriate membersof Stern to select qualified studentsfor these awards. In many cases, theOffice of the Dean solicits applicantsthrough announcements to the stu-dent body.

A C A D E M I C A D V I S I N G , R E G I S T R A T I O N , A N D P O L I C I E S A N D P R O C E D U R E S 73

Academic Advising, Registration,and Policies and Procedures

Academic AdvisingStern Office of Academic Advising Tisch Hall, Suite 61640 West Fourth Street212-998-4020www.stern.nyu.edu/uc/advising

Hours: Monday-Friday, 9 a.m.-5 p.m.

STERN OFFICE OF ACADEMICADVISING The Stern Office of Academic Advisingis an important resource for undergrad-uates during their four years at Stern.Stern educates through in-classroomlearning and cocurricular experiences,and the Stern Office of AcademicAdvising provides comprehensive guid-ance to help students design a well-rounded academic program to meetthat goal. The office’s professional staffpartner with students from the verystart of their Stern career to map outtheir undergraduate experience, tailoredto individual skills and interests.

The Stern Office of AcademicAdvising provides academic advisingto Stern undergraduates and coordi-nates undergraduate programs inde-pendently and in partnership withkey Stern and all-University offices toenhance academic, professional, andsocial development. The advisingstaff consists of well-qualified profes-sionals eager to help students adjustto the academic and personal chal-lenges of college life. Students areassigned a team of advisers who workspecifically with freshmen and sopho-mores or juniors and seniors.

Stern offers one-on-one advisingto all students to assist in curriculumplanning as well as to address topicssuch as course scheduling, choosing amajor, selecting a minor, studyabroad planning, and joiningextracurricular activities. In additionto individual advising appointments,the office coordinates a series of stu-dent programming to supplementeach student’s academic experience.

The advising staff provides addi-tional support to new students duringtheir first term. At orientation, pre-sentations are made concerning thecurriculum, international studyopportunities, the student code ofconduct, student life, cocurricularactivities, and student support serv-ices. New students also participate ina midterm cohort advising review ses-sion to monitor academic progressand adjustment to the SternUndergraduate College. Students areencouraged to meet with an academicadviser as often as they wish but at

least once a semester (preferably priorto course registration).

STERN UNDERGRADUATEFACULTY ADVISERSEach academic department has a fac-ulty adviser responsible for advisingStern undergraduates regarding aca-demic interests and career ambitions.All faculty advisers have additionaloffice hours dedicated to these specialadvising responsibilities. A listing ofthe current faculty advisers can befound on the Stern UndergraduateCollege Web site at www.stern.nyu.edu/undergraduate.

PRELAW ADVISING

Prelaw AdviserProfessor Jeanne CalderonKMC 10-8344 West Fourth Street

Stern’s prelaw adviser is available tomeet with students who are interestedin a law career. Prelaw students shouldconsult the Stern UndergraduateCollege advising Web site for perti-nent information to help them decidewhether to apply to and attend lawschool. Although there is no pre-scribed prelaw curriculum, there areseveral business and liberal artscourses that may interest studentsconsidering law school. Prelaw infor-mation sessions are offered in the falland students are encouraged to meetwith the prelaw adviser during thesecond semester of their junior year todiscuss the law school applicationprocess.

PREHEALTH ADVISINGStudents interested in fulfillingrequirements for postgraduate healthcareers—from medicine and dentistryto the allied-health professions—areencouraged to meet with the prepro-fessional Stern adviser as early on intheir academic career as possible.Students interested in this pathshould also consider joining the SternHealth Care Group. Prehealth stu-dents should also take advantage ofthe resources offered through theCollege of Arts and Science’s

Preprofessional Advisement Office,Silver Center, Room 901, telephone212-998-8160.

The program of study for a stu-dent interested in any of these areasminimally requires completion of thefollowing courses: Principles ofBiology I and II, V23.0011,V23.0012; General Chemistry I,V25.0101, Introduction to GeneralChemistry I Laboratory, V25.0103;General Chemistry II, V25.0102,Introduction to General Chemistry IILaboratory, V25.0104; OrganicChemistry I, V25.0243, OrganicChemistry I Laboratory, V25.0245;Organic Chemistry II, V25.0244,Organic Chemistry II Laboratory,V25.0246; and General Physics I andII, V85.0011, V85.0012.

Some professional schools mayrequire additional courses. Please notethat Stern students pursuing thispath will typically use all of theirelective space completing theserequirements and may exceed theamount of credits normally requiredfor degree completion, which, inturn, may affect financial aid status.Please note that being “premed” isnot a major or minor and is not anirrevocable commitment.

CAREER COUNSELINGThe Wasserman Center for CareerDevelopment’s mission is to providepersonalized career services in a sup-portive environment that empowerNYU students at every stage of theirprofessional development and to helplead them to fulfilling careers in theirchosen fields. To that end, theWasserman Center is committed toproviding the highest quality careercounseling and placement assistanceto NYU students and alumni. Theoffice continues to introduce andexplore many new technical enhance-ments while maintaining personal,individualized services in order togive students every possible advan-tage in their job search. TheWasserman Center is dedicated todeveloping and nurturing innovativeand outstanding programs; counselorsfrom the center often work closelyand partner with the Stern advising


staff to create meaningful preprofes-sional events. For a full listing of allof the programs and services offeredto the NYU community, please seethe Wasserman Center’s Web sitewww.nyu.edu/careerdevelopment. (Seealso pages 70 and 87.)

THE COLLEGE LEARNINGCENTER Any Stern student enrolled in aCollege of Arts and Science course iseligible to receive academic supportthrough the College Learning Center(CLC), which has several convenientlocations: Weinstein Residence Hall,Third Avenue North Residence Hall,and University Hall. The CLC pro-vides individual and group reviewsessions for specific courses, as well asAcademic Success Workshops,absolutely free of charge.

The CLC’s mission is to assist stu-dents in developing the knowledge

base, skills, and strategies that willhelp them to become confident, inde-pendent, and active learners. Its vari-ous academic support services areintended to help students meet thechallenge of NYU’s rigorous aca-demic standards.

Services offered by the CLCinclude the following:

• Individual and group tutoring sessions

• Morse Academic Plan (MAP) studygroups

• Examination review sessions• Residence hall group study sessions• Study skills assessment• Workshops on academic effective-

ness and time management• Computer-assisted training

For more information, please visit theCollege Learning Center’s Web site atwww.nyu.edu/cas/clc.

THE MOSES CENTERThe Henry and Lucy Moses Center forStudents with Disabilities providescomprehensive services and programsfor undergraduate and graduate stu-dents with hearing and visual impair-ments, mobility impairments,learning disabilities and attentiondeficit disorders, chronic illnesses,and psychological impairments.

The Moses Center functions todetermine qualified disability statusand to assist students in obtainingappropriate accommodations and serv-ices. Services provided are designed toencourage independence and self-advocacy, backed by a comprehensivesystem of supports. For more informa-tion, please visit www.nyu.edu/csd.

Registration Separate and complete registrationmust be made for each term of work.New students will be notified by theStern Office of Academic Advising ofregistration procedures upon admis-sion. Currently enrolled studentsshould use Albert, the NYU registra-tion and student information servicesWeb site, to register for courses eachterm. This process occurs in April forthe fall term and in November for thespring term. Announcements con-cerning these dates will be advertisedby the Office of the UniversityRegistrar as well as the Office ofAcademic Advising at Stern. For theregistration periods, students willreceive an appointment notice fromthe Office of the University Registrar;this appointment time will alsoappear on the student’s Albertaccount. This notice will provide thestudent with a personal date and timefor registration, which is not subjectto adjustment. Payment and otherpertinent information are availablethrough the Office of the Bursar.

Enrolled students who do notcomplete this registration process willbe able to register during the regis-tration period that occurs immedi-ately prior to the beginning of eachsemester. Students using this registra-tion must pay their tuition and fees tothe Office of the Bursar within 48hours of registering. Registrationafter the close of the stated registra-tion periods must be approved by theStern Office of Academic Advising,Tisch Hall, Suite 616. A late registra-tion fee is charged (see “RefundPeriod Schedule” on pages 68-69).

SUMMER AND WINTER SESSIONSThe 12-week summer is divided intotwo six-week sessions. Students maychoose from day and evening coursesin either or both terms. As specifiedby a New York State EducationDepartment regulation, a studentwho registers for both six-week ses-sions may take a maximum of 16credits, with the credit load for eithersession not exceeding 10 credits.Matriculants who wish to attend thesummer sessions are urged to takeadvantage of the registration advisingperiod in November and April.Students may add courses throughthe third day of classes during eachsummer session. They may withdrawfrom courses through the third weekof classes. Summer courses are listedon Albert beginning in December.

Winter session occurs during thesecond part of the NYU winter recess.The session offers students the chanceto enroll in one or two courses, whichallows for both intensive study of thesubject matter and time to enjoy allthat New York City has to offer.Winter session courses enable studentsto earn academic credit (major, minor,or elective) in courses that are in highdemand, to accelerate their degreecompletion, and to concentrate onpersonal interests. Please see the Website at www.nyu.edu/winter for furtherinformation regarding registrationtimelines, course offerings, andtuition.

SEMESTER COURSE LOADSMatriculated full-time students areexpected to complete at least 32 cred-its per academic year. For studentsreceiving financial aid, completingfewer than 32 credits in an academicyear may jeopardize that aid. To be ingood academic standing, studentsmust complete a minimum of 24credits per academic year. Failure tomaintain full-time standing prior tothe final degree semester results inacademic probation, which isrecorded on the transcript. Studentsare only permitted to register on apart-time basis (e.g., fewer than 12credits) during a summer sessionand/or the final semester of theirdegree program.

Permission from the Stern Officeof Academic Advising is required if astudent wishes to take more than 18credits in a given semester. Studentswho wish to do so must fill out the“Request to Increase Semester CreditLoad” form and they must meet withan academic adviser for final approvalof the request once the form has beenfilled out. Permission to take morethan 18 credits per term is limited tostudents who have completed at least32 credits of work while matriculatedat Stern and who have maintained acumulative grade point average of 3.0or better. Freshmen may be givenpermission to take more than 18credits in a semester only after com-pleting one full semester of coursework and only if the student has aGPA of 3.5 or better. All studentstaking over 18 credits in a givensemester are subject to extra tuitionand fees. Students enrolled in fewerthan 12 credits in their final semester


or who exercise the option to increasetheir credit load at any point in theiracademic career are encouraged to visitthe Office of Financial Aid and theOffice of the Bursar to find out howtheir semester course load will impacttheir tuition costs or financial aid.

While the Stern curriculum onlyrequires that students earn a mini-mum of 128 credits to meet mostmajor* and graduation requirements,students can take up to and counttoward their GPA, 144 credits whileat Stern. However, students on finan-cial aid may not receive funding forany credits taken over 128 creditsthat do not count toward any majoror graduation requirements. Studentswho must take an excess of 128 cred-its in order to meet their graduationrequirements are encouraged to con-tact the Office of Financial Aid.

ADD-DROPStudents may add and drop coursesduring designated periods. No classescan be added after the establisheddeadlines.

WAIT LISTSDuring registration, most Sterncourses will be put on a wait list whena section of a particular course hasclosed. Students may use Albert to addthemselves to a wait list for a givencourse. Being wait-listed for a coursedoes not guarantee admission into thatcourse. Students are encouraged to reg-ister for an alternative course to ensureproper academic progress and satisfac-tory completion of degree require-ments. For courses taken in otherschools, it might be necessary in somecases for students to inquire with theacademic departments of the otherschools about their status on wait lists.Further details concerning the wait listare made available from the Office ofthe University Registrar. Wait listsexpire the Monday after the first fullweek of classes at the beginning of thesemester; at that time all students areremoved from the wait list.

WITHDRAWAL FROMCOURSESA student may withdraw officiallyfrom a course if continuation is made

impossible for reasons beyond his orher control. Courses dropped duringthe first three weeks of the term willnot appear on the transcript. Thosedropped from the beginning of thefourth week through the ninth weekof the term will be recorded with agrade of W on their transcript. Afterthe ninth week, no one may withdrawfrom a course. Students who are ill orhave a serious personal problemshould contact the Stern Office ofAcademic Advising. Students who, inthe judgment of the instructor, havenot substantially met the requirementsof the course or who have been exces-sively absent may be considered tohave withdrawn unofficially and may,on the recommendation of the instruc-tor, be given the final grade of F.

The official request to withdraw ismade on the Program Change Form,which students can obtain in Suite616, Tisch Hall or in the Office of theUniversity Registrar.

AUDITING COURSESThe Stern Undergraduate Collegedoes not permit auditing of Sternundergraduate courses. Students arenot permitted to attend courses forwhich they have not registered.

INDEPENDENT STUDIESStudents registering for independentstudy for the fall semester or summersessions must meet the April 10 dead-line of the preceding semester fordepartmental approval. To register forindependent study for the springsemester, students must receivedepartmental approval by October 30of the preceding semester. To be eligi-ble for independent study, studentsmust be Bachelor of Science candidatesat the Undergraduate College of theStern School of Business and have anoverall grade point average of at least3.3 and senior standing. Well inadvance of the deadline, qualified stu-dents should fill out an IndependentStudy Authorization Form, whichentails seeking approval for the projectby both the faculty adviser of thedepartment and a faculty member whowill serve as instructor for the course.

Students who are approved will beregistered by their academic adviser

for independent study. IndependentStudy Authorization Forms can beobtained in the Stern Office ofAcademic Advising or on the SternUndergraduate College advising Website at www.stern.nyu.edu/uc/advising.

STUDY ABROAD REGISTRATION AND GRADING POLICIESNYU Study Abroad ProgramsStudents are permitted to take up tothree business courses at an NYUStudy Abroad campus. However,Stern recommends that students takeno more than two business courses inorder to take advantage of the manydiverse course offerings availableabroad. Students who wish to takecourses toward a non-Stern major orminor are encouraged to submit writ-ten approval from that particulardepartment to the Stern Office ofAcademic Advising prior to theirdeparture.

International BusinessExchange Program (IBEX)Students may take up to two coursestoward a Stern major while abroad in the International BusinessExchange Program. Students earn let-ter/numeric grades abroad and mustreceive a passing grade according tothe host institution’s grading scale inorder to transfer the credit to theirStern curriculum. However, grades forall IBEX courses are transferred backto a student’s curriculum record witha pass/fail grade. Failing grades willfactor into a student’s grade pointaverage. IBEX participants are onlypermitted to take one additionalpass/fail course at Stern after complet-ing their semester abroad (for fullpass/fail policy information, please seepage 77). Students who wish to takecourses toward a non-Stern major orminor must receive approval in writ-ing from that particular departmentand provide confirmation to the SternOffice of International Programs. Seepages 10 and 19 for more information.

* Some Stern major combinations necessitateexceeding the 128-credit graduation requirement.

Policies and Procedures of the College

STUDENT CODE OF CONDUCTThe Leonard N. Stern School ofBusiness Undergraduate Collegeexpects all of its students to adhere tothe highest standards of academic excel-lence and integrity and to the norms ofa serious intellectual community.

A student’s responsibilities include,but are not limited to the following:

1. A duty to respect every member ofthe NYU community, includingrefraining from all forms of intimida-tion, harassment, and prejudice.2. A duty to acknowledge the workand efforts of others when submittingwork as one’s own. Ideas, data, direct

quotations, paraphrasing, creativeexpression, or any other incorporationof the work of others must be clearlyreferenced.3. A duty to exercise the utmostintegrity when preparing for andcompleting examinations, includingan obligation to report any observedviolations.


4. A duty to respect and preserveUniversity facilities as well as the per-sonal property of others.

In addition, students are expected tobe familiar with and abide by the“University Policy on StudentConduct,” which sets the basic rulesand covers issues of academic free-dom, speaker invitations and demon-strations, and use of Universityfacilities. “University Policies andProcedures” covers the policy on affir-mative action, equal opportunity, useof alcohol, substance abuse, sexualharassment, and compliance with theFamily Educational Rights andPrivacy Act (P.L. 93-380). A copy of“University Policies and Procedures”is in the University’s handbook, theNYU Student’s Guide, which can befound on NYU’s Student ResourceCenter home page at www.nyu.edu/src.

A violation of the code may resultin a hearing and sanctioning by theStern Undergraduate Honor Council(see below). The Student Code ofConduct was amended and approvedby the Stern faculty on May 5, 2005.

PlagiarismStudents are required to submit theirown work. Ideas, data, direct quota-tions, paraphrasing, or any otherincorporation of the work of othersmust be clearly referenced. To do otherwise constitutes plagiarism.Examples of plagiarism include thefollowing:

1. The use of other persons or servicesto prepare written work that is sub-mitted as a student’s own.2. The use of previously or concur-rently submitted papers or segmentsthereof written by other students orby the student himself or herself.3. Submission of the same or verysimilar papers in different sections ofmultiple-section courses by collabo-rating students.

Students suspected of any form of pla-giarism will be subject to disciplinaryaction.

Examinations All communication—written, oral, orotherwise—among students duringexaminations is forbidden exceptwhere approved by the instructor.The use of notes, books, other writtenmaterials, calculators, or other aids isforbidden except when approved bythe instructor. Providing or receivinginformation about the content of anexamination is forbidden except whenapproved by the instructor. The use ofanyone else to take an examination fora student is forbidden. The above-mentioned items are intended to beillustrative of plagiarism and other

forms of cheating. They are not all-inclusive.

Use of Technology Calculators, Personal DigitalAssistants, and Other Forms ofArtificial Intelligence. The use ofpersonal digital assistants (PDAs) inthe classroom, including for takingexaminations, will be at the discretionof the instructor (permission may becommunicated verbally or in writing).Instructors may limit the use of tech-nology to a scientific or business calcu-lator and specify, for example, a TI-83or equivalent. Students who use unap-proved devices may be liable to becharged with academic misconduct.

Resources (Libraries andComputer Usage) Library.Circulating library material may beborrowed only upon presentation ofthe student’s own valid NYU photoID. Noncirculating material (e.g.,magazines, journals, and referenceitems) may not leave the libraryunder any circumstances. Stealing orvandalizing library materials is for-bidden.

Computer Center. Students areexpected to treat the School’s com-puting resources in the same fashionas library materials. Illegal, improper,or inappropriate use of any of the cen-ter’s hardware or software constitutesgrounds for academic disciplinarymeasures and/or legal action.Specifically, the copying of propri-etary personal computer or mainframesoftware and unauthorized access tothe center’s computer networks,mainframes, and PCs are forbidden.

In addition to the above, studentsare expected to be familiar with andabide by the “University Policy onStudent Conduct,” which sets basicrules and covers issues of academicfreedom, speaker invitations anddemonstrations, and use of Universityfacilities. “University Policies andProcedures” covers the policy on affir-mative action/equal opportunity andcompliance with the FamilyEducational Rights and Privacy Act(P.L. 93-380). A copy of “UniversityPolicies and Procedures” is in theUniversity’s handbook, the NYUStudent’s Guide.

Honor CouncilThe Stern Honor Council is made upof students and faculty members.Student Honor Council members areappointed by the associate dean afteran application and interview process.

Any member of the Stern commu-nity may report an alleged academicor behavioral code of conduct viola-tion against a Stern undergraduatestudent. Academic violations include,

but are not limited to, cheating andplagiarism; behavioral violationsinclude, but are not limited to, physi-cal assault, sexual harassment, andproperty damage.

A complainant must submit anhonor complaint through theIncident Referral Form, availablefrom the Office of the Dean (Suite600, Tisch Hall) and on the SternUndergraduate College Web site(www.stern.nyu.edu/undergraduate). Allcomplaints should be directed to theassociate dean.

Disciplinary SanctionsStudents are expected to familiarizethemselves and comply with the rulesof conduct, academic regulations, andestablished practices of NYU andStern. Failure to abide by these codesmay result in referral to the HonorCouncil and/or appropriate legalaction by the University. The Councilmay levy a range of penalties, includ-ing expulsion. If, pursuant to suchrules, regulations, or practices, thewithdrawal of a student is requiredbefore the end of the term for whichtuition has been paid, a refund will bemade according to the standardschedule for refunds.

TRAVEL CODE OF CONDUCTAND RESPONSIBILITIESAll students who travel with theUndergraduate College of the SternSchool of Business are expected tomaintain the highest standards of pro-fessional conduct and integrity. Inaddition to complying with all Collegeand University policies and procedures(see the NYU Rules of Conduct—www.nyu.edu/student.affairs/students.guide/policies.html—governing studentconduct, a student’s travel responsibil-ities include the following:

Code of Conduct:• A duty to respect the privacy

rights of members of the com-munity by avoiding all forms ofintimidation, including sexualand physical harassment.

• A duty to refrain from causingphysical injury to yourself andothers. Students will be heldfinancially and legally responsi-ble for any and all damage theyinflict upon other persons.

• A duty to refrain from causingdamage to real or personal prop-erty of others. Students will beheld financially and legallyresponsible for any and all dam-age they inflict upon the prop-erty of others.

• A duty to preserve the quality offacilities that they may visit orreside at during their travels.

• A duty to respect cultural differ-ences. This includes observing


the proper etiquette inbusiness/social settings, e.g.,being punctual for appointments,not speaking out of turn, etc.

• A duty to refrain from irresponsi-ble behavior, including the inap-propriate consumption ofalcohol.

• A duty to not leave the city forany personal excursions or trips(unless organized by Stern).

• A duty to not operate motorizedvehicles.

• A duty to not participate in riskyathletic/recreational activities(e.g., scuba, parachuting, para-sailing, etc.).

• A duty to not violate laws whetherthey result in arrest or not.

• A duty to report to representa-tives of the School any personknown by the student to haveviolated the Travel Code ofConduct.

Failure to abide by the Stern TravelCode of Conduct and Responsibilitiesand the NYU Rules of Conduct willresult in disciplinary action, whichcould include (but is not limited to)academic sanctions, expulsion fromthe University, or referral to theHonor Council or the associate deanof students. In situations where theviolation is deemed egregious, stu-dents may be immediately sent backto the United States, bearing respon-sibility for the cost of transportationto and from the airport as well as airline fees associated with flightchanges.

GRADING PROCEDURES

Grading Guidelines for CoreCourses at the SternUndergraduate CollegeGrading guidelines have been agreedupon by the faculty to ensure fairnessand consistency in grading across corecourses in the Stern UndergraduateCollege. These guidelines went intoeffect in the fall 2007. They are as follows:

• 25-35 percent A’s—awarded forexcellent work

• 50-70 percent B’s—awarded forgood or very good work

• 5-15 percent C’s or below—awarded for adequate or belowwork

GradesListed below are the full range of let-ter grades and the numerical valuesthat are used in the computation ofthe grade point average:

Descriptive Value

A1 4.0 ExcellentA- 3.7B+ 3.3

B 3.0 GoodB- 2.7C+ 2.3

C 2.0 SatisfactoryC- 1.7D+ 1.3

D 1.0 Passing

F 0.0 Failing1 No grade above A or value above 4.0 may beused.

For example, an A in a 4-credit courseearns the student 16 grade points (4 x4.0); a B in a 4-credit course earns 12grade points (4 x 3.0), and so on.

The following grades are regis-trar’s grades and cannot be recordedby an instructor. They are withoutnumerical value and are ones forwhich credit is not granted except asnoted.

W—This is a registrar’s gradeassigned when a student officiallywithdraws from a course.P—This is a registrar’s gradeassigned when the student has regis-tered for a course under the pass/failoption when credit is granted or fornoncredit courses.

Pass/Fail OptionStudents of the Stern School ofBusiness are permitted to declare oneelective pass/fail per semester outsideof their major(s) and minor. A maxi-mum of four courses may be taken fora pass/fail grade. A pass/fail gradecannot be taken in any requiredcourse, or courses used to satisfy gen-eral education or business studiesrequirements. Credits earned for thesecourses are eliminated for considera-tion for the Dean’s List, graduationwith honors, and Beta Gamma Sigma(e.g., a full-time student must take aminimum of 12 credits of credit inorder to be eligible for the Dean’sList; a pass/fail course does not qual-ify as part of these credits). Pass/failgrades are factored into the gradepoint average as follows: 0 gradepoints and 4 credits for a grade of F; 0grade points and 0 credits for a P.

Students must designate the spe-cific course for a pass/fail grade at thetime of registration or within fiveweeks of the beginning of the term.During the summer sessions, thecourse must be designated within twoweeks of the beginning of the session.

For courses that end midsemester orstart midsemester during the fall orspring term, a pass/fail designationcan be filed no later than three weeksafter the beginning of the course.Once executed, the pass/fail designa-tion is irrevocable.

Students returning from studyingabroad through the IBEX programare only permitted to take one addi-tional pass/fail course at Stern.

Students wishing to declare acourse pass/fail or with questionsabout the pass/fail option should seetheir adviser in the Stern Office ofAcademic Advising.

Grades of IncompleteIncompletes may be earned whenunavoidable circumstances keep astudent from finishing a course thatterm and the nature of the course per-mits the faculty member to allow latecompletion. Incompletes are given atthe discretion of the instructor andare never automatic.

The following incomplete gradedesignations are without numericalvalue and are not included in thegrade point average:

I—A notation of I (incomplete) isgranted for a single semester. If thestudent does not complete the coursematerial in the appointed timearranged by the instructor, the I willbecome an F.I(P)—Indicates that the student waspassing at the time of submission.This grade will lapse to an N (nograde/no credit) if not resolved by thenext semester.I(F)—Indicates that the student wasfailing at the time of submission.This grade will lapse to an F if notresolved by the next semester and willbe counted in the overall average.

The following rules apply to allgrades of incomplete:1. Students may not sit in on thesame course in a subsequent term forwhich they have received an incom-plete. 2. Makeup work must be completedwith the same instructor.3. All work to complete an I(P) orI(F) must be made up by the follow-ing deadlines:

Fall Term: Last day of the followingspring term.

Spring Term or Summer Session:Last day of the following fall term.

Makeup ExaminationsStudents who do not take the finalexamination at the regularly sched-uled time due to compelling circum-stances may, after applying to theinstructor and at his or her discretion,be given the grade of I(P) or I(F),


either of which indicates that the stu-dent is eligible to take a makeupexamination.

Grades of I(P) and I(F) assigneddue to absence at the final examina-tion must be cleared within onesemester; if not, the I(F) grade lapsesto an F and the I(P) automaticallylapses into a N (no grade/no credit).

Grade Point AverageThe grade point average (GPA) isdetermined by dividing grade pointsby the credits (with 0 grade pointsand 4 credits for a grade of F; 0 gradepoints and 0 credits for a P). Nocourses in which a passing grade hasbeen received (D or better) may beretaken. Retaking a course that hasbeen passed in previous semesters is aviolation of Stern’s policy and will notcount toward graduation require-ments and will not be computed intothe student’s GPA. A student mayrepeat a course in which a failinggrade was received. However, both thefailing grade and the passing gradewill remain on the transcript, andboth will be calculated into the GPA.

The courses accepted toward thedegree must first meet programrequirements. Credit will be appliedin strict chronological order.

An average GPA of C (2.0) isrequired for graduation (128-144credits and 256-288 grade points)except that the number of credits inpass/fail option Ps shall be deductedfrom the total credits in calculatingthe GPA (grade points divided bycredits). Students who complete therequired number of credits but wholack grade points may be permittedto take additional courses to gaingrade points. They may not securegrade points by repeating coursesthey have already passed.

Not included in the GPA arecredits taken in excess of 144 creditsor credit brought in from other institutions. In addition, grades forcourses taken at the School ofContinuing and Professional Studies(SCPS) will not be factored into a stu-dent’s grade point average. Pleaseconsult with an academic adviserregarding these courses.

Grade Changes To appeal an assigned grade, the stu-dent should provide a written expla-nation to the instructor who assignedthe grade, outlining why he or shefeels the grade is incorrect. If the stu-dent is dissatisfied with the outcomeof the review and wishes to appeal thegrade further, a formal written appealshould be submitted to the chairand/or faculty course coordinator inthe particular department. An inde-pendent review of the grade will be

undertaken by the department. Thestudent’s work will be reviewed toclarify how the grade was determinedand to ensure the grade is consistentwith the academic guidelines andpolicies of the department and course.The decision of the department inmatters related to a course grade isfinal.

After the awarding of the degree,no grade changes of any kind are per-mitted unless due to a departmentalclerical error in recording.

ACADEMIC STANDARDSThe Office of the Dean and the SternOffice of Academic Advising reviewstudent records throughout the aca-demic year. Academic standardsactions are based on the grades to dateat the end of each term. The SternUndergraduate College requires thatall students make steady and substan-tial progress toward the Bachelor ofScience degree. This entails a mini-mum of a 2.0 GPA and a minimumof 12 credits taken during each aca-demic semester. A minimum 2.0grade point average is required tograduate.

Academic WarningStudents will receive a letter of aca-demic warning with a cumulativeGPA of 2.0 to 2.25 or if the semesterGPA is below 2.0 (even if the cumu-lative GPA is above 2.0). Studentswill be advised to seek counselingfrom an academic adviser to discussrecommendations for achieving anappropriate standard for academicperformance.

Academic Probation Any student whose record is deemedunsatisfactory will be placed on aca-demic probation and will be soinformed by letter. A record will bedeemed unsatisfactory if, in anysemester, the cumulative GPA fallsbelow 2.0 or if it fails to show steadyand substantial progress toward thedegree. Steady and substantialprogress toward the degree entails thecompletion, with satisfactory grades,of 12 credits for which a student reg-isters in any semester.*

Failure to satisfy the conditions ofprobation will result in further aca-demic sanctions and possible dis-missal from the University. Theconditions usually require that thestudent (a) achieve a grade point aver-age of at least 2.0 during the term heor she is on probation in a minimumof 12 credits, (b) not receive anygrade of incomplete, and (c) not with-draw from any course without secur-ing the permission of an academicadviser prior to the withdrawal.

Students on academic probation arealso required to have a special proba-tion interview with a representativefrom the dean of students’ office inorder to receive registration clearancefor the next semester. More specificrequirements may be imposed. Newand continuing students on probationwill not be eligible for financial aid.

Academic DismissalStudents who are dismissed from theStern Undergraduate College for pooracademic performance are informedin person or in writing by registeredmail. Students who have paid tuitionfor the next term at the time of dis-missal will receive a full refund oftuition and fees.

MAJOR(S) AND MINOR SELECTIONStudents are encouraged to declare amajor(s) and/or minor by the end oftheir sophomore year. When consid-ering a double major or minor, stu-dents should be aware that the degreerequirements may exceed 128 credits,possibly affecting financial aid. Thosewho have questions about specificmajors, double major, or minor possi-bilities or who require help in mak-ing this decision should see theiradviser at the Stern Office ofAcademic Advising or the respectiveundergraduate faculty adviser orminor department.

Students make a formal declara-tion of a major or minor by complet-ing a Selection of Major and/or MinorDeclaration form. The forms areavailable at the Stern Office ofAcademic Advising or on the SternUndergraduate College advising Website at www.stern.nyu.edu/uc/advising.(See also pages 14-15 for major andminor options).

DOUBLE COUNTING OFSTERN COURSE WORKStern students are not permitted tocount Stern course work toward morethan one requirement. For instance,students majoring in finance andinternational business may countInternational Financial Management(see page 33 for course description)either as an advanced finance electiveor as an international businessrequirement—it cannot count towardboth majors. This applies to all Sterncourses and majors. Students areencouraged to meet with an academicadviser to see how this policy mightimpact their planned academicprogress.

* Stern seniors are permitted to take fewer than12 credits in their terminal semester if approvedby their academic adviser.


STERN CREDIT LIMITSWith the exception of accounting andfinance majors, students may take nomore than 18 credits of advancedcourse work in any Stern department,excluding introductory courses. CPAaccounting majors may take no morethan the requirements needed tocomplete the degree. Finance majorsmay take no more than 15 credits ofadvanced finance course work. Allcourse work transferred into Stern iscounted within these limits. Sternstudents studying abroad through theNYU Study Abroad programs are notpermitted to take more than threeStern courses while abroad. Studentsstudying abroad through the IBEXare not held to this limit.

PROFICIENCY EXAMINATIONS

Writing ProficiencyExamination Students must receive credit forV40.0100, Writing the Essay, andC40.0125, Business and Its Publics:Inquiry and Discourse (or for quali-fied international students,V40.0004, International WritingWorkshop I, and V40.0009,International Writing Workshop II).In addition, all students must demon-strate proficiency in expository writ-ing, which is satisfied throughachieving a minimum grade of C inV40.0100, Writing the Essay, orV40.0004, International WritingWorkshop I.

Internal transfer students fromother NYU divisions should have sat-isfied the proficiency requirementthrough achieving a minimum gradeof C in a corresponding writingcourse completed through their previous division.

External transfer students whoreceive credit toward both semestersof expository writing must completea proficiency examination, adminis-tered by the Expository WritingCenter in May, August, andDecember.

In order to graduate, all studentsmust receive a passing score on thewriting proficiency examination. Anystudent who fails the test must insteadregister for V40.0013, WritingTutorial (4 credits), for graduation,which is offered on a pass/fail basisonly. Any student who fails this coursemust repeat it until a passing grade isearned. The course is also available forother students as space permits. In par-ticular, the tutorial course providesintensive individual lessons in thepractice of writing. For more informa-tion, contact the Expository WritingCenter, 411 Lafayette Street, 3rd Floor,212-998-8860 or 8866.

Transfer Business ProficiencyExaminationsAll transfer credits received in each ofthe following subjects are designatedas elective only, pending completionof a multiple-choice proficiency exam-ination in the subject: marketing,finance, and statistics. If the studentobtains a passing score, the credit isredistributed to fulfill the appropriaterequirement in the degree program(C55.0001, Introduction toMarketing; C15.0002, Foundations ofFinancial Markets; or C22.0001,Statistics for Business Control).Students may take these examinationsonly once. If the student fails the pro-ficiency examination, the transfercourse remains as elective credit, andthe student must satisfy the introduc-tory requirement at Stern. Only stu-dents with introductory courses inthese subjects from a previous institu-tion are eligible for proficiency exami-nations (except for students withscores of 4 or 5 on the AP examinationin statistics). All proficiency examina-tions are administered by the SternOffice of Academic Advising.Students wishing to take any of theseexaminations must do so no later thanby the end of the first six weeks of thefall semester.

RESIDENCY REQUIREMENTSAll degree candidates are subject tothe following residency requirement:students, excluding those authorizedto participate in an approved studyabroad program, must complete atleast 64 consecutive credits of coursework in residence at the Under-graduate College of the Stern Schoolof Business immediately precedingthe date of graduation. Forty-eight of these credits must be in Stern (“C”) courses.

The full-time program should becompleted in four years and must becompleted within five consecutivecalendar years (10 academic semes-ters); this includes semesters taken atprevious institutions. Failure to do somay result in academic dismissal.

Note: Nontransfer students areallowed to transfer in a maximum of 32credits from the following: AdvancedPlacement Examinations, theInternational Baccalaureate Program, theresults of certain foreign certificate exami-nations, and college credit earned prior tomatriculation at NYU. These credits canbe applied to the degree requirements atany time during a student’s undergradu-ate career. Transfer students can transferin a maximum of 64 credits from theirprior institution(s).

Non-NYU Course WorkStudents enrolled for degree programsat New York University are expected totake their courses, including summersessions, at New York University.Exceptions will be considered on acase-by-case basis and must be preap-proved by the Stern Office of AcademicAdvising. Course work taken outside ofNYU must comply with the NYU res-idency requirements.

LEAVE OF ABSENCE OR COMPLETE WITHDRAWALFROM ALL COURSESLeaves of absence are approved formedical, financial, or personal rea-sons. Students may, in advance,request a leave of absence from theStern Undergraduate College for aperiod of up to two semesters in theircareer. The typical period for a leaveis one semester, but students mayrequest a second semester as well. Torequest a leave of absence, studentsmust meet with their academicadviser. This meeting is necessary todiscuss not only the reason for theleave but also the ensuing ramifica-tions and possible alternatives to tak-ing a leave. Once approved, a Leave ofAbsence Form must be filed, and stu-dents must complete the NYUSemester Withdrawal Form on theOffice of the University Registrar’sWeb site (www.nyu.edu/registrar/withdrawal).

Students should be aware of thefollowing:

• Students may request a leave ofabsence from the SternUndergraduate College for amaximum period of up to twosemesters in their career.

• Students absent for more thantwo consecutive semesters mustapply for readmission to theStern Undergraduate Collegewith no guarantees of acceptance.

• International students whosehome countries require studentsto perform two years of militaryservice will not need to apply forreadmission to NYU and Sternafter a leave of absence for mili-tary service, provided that theymeet the following conditions:(1) they are on leave for just fourregular (e.g., fall and spring)semesters and (2) they send writ-ten proof of their military serviceduring that time and an honor-able discharge (and any necessaryEnglish translations provided byaccredited third-party transla-tors). Students who take a leaveof absence for a military-relatedreason who fail to meet theseconditions must apply for read-mission with no guarantee ofacceptance.


• Leaves are not granted after theninth week of the term except forcompelling personal or medicalreasons.

• Refund percentages are based onthe Office of the Bursar’s scheduleof refunds and are not grantedafter the third week of the term.

• Students who request a leave ofabsence for two consecutivesemesters are required to meetwith their adviser upon theirreturn to Stern.

• Medical leaves requested afterthe deadline require supportingdocumentation from the StudentHealth Center or Counseling andBehavioral Health Services.

• Students returning from medicalleave may require clearance fromthe Student Health Center orCounseling and BehavioralHealth Services prior to enrollingfor classes.

• Students are responsible forfinancial aid renewal applicationsand deadlines while on leave.

• No credit will be awarded fordomestic or international classestaken while on a leave of absence.

• Any student on an unofficial orunauthorized leave is required toapply for readmission.

• International students areinstructed to meet with a counselor in the Office forInternational Students andScholars (OISS) prior to taking aleave of absence to ensure thattheir visa status allows for a leaveand to discuss visa and otherimmigration implications thatmight arise from a medical, per-sonal, or financial leave of absence.

Leave of Absence orWithdrawal After the Start of aSemesterOnce a semester has begun, studentsenrolled in courses who want to (1)withdraw completely from all coursesfor the current semester, (2) withdrawcompletely from the University, or (3)take a leave of absence for the currentsemester, must complete the NYUSemester Withdrawal Form on theOffice of the University Registrar’s

Web site (www.nyu.edu/registrar/withdrawal). Students do not need tocomplete the NYU SemesterWithdrawal Form if (1) they are drop-ping/adding individual classes, butwill remain enrolled at NYU or (2) arenotifying the Stern Office of AcademicAdvising about their intent to take aleave of absence or withdrawal fromthe University for a future semester.

The NYU Semester WithdrawalForm is a two-part form. After com-pleting part one online, students mustprint part two of the form (if a printeris not available at the time, studentsmay print part two at a later time froman automatically e-mailed attach-ment), complete it, and bring it to theStern Office of Academic Advisingwithin three days. A student’s courseswill not be dropped until part two hasbeen received by the Stern Office ofAcademic Advising and processed.Students should also schedule anappointment with an academic adviserto discuss the leave or withdrawal andits potential ramifications.

EARLY GRADUATIONAll students accepted to the SternSchool of Business are admitted to afour-year (or eight-academic semes-ter) program. While it is possible forstudents to complete course work inless time, it is not recommended.Students are encouraged to partici-pate in the wide range of opportuni-ties found at NYU, including clubs,sports, community service, andinternships over the four-year period.

The possibility of early graduationis contingent upon the completion ofall required course work. Completion ofcourse work is subject to course avail-ability and successful completion of alldegree requirements. Students inter-ested in early graduation are encour-aged to discuss it with their adviser.

INTERNSHIP POLICYAt Stern, we firmly believe thatinternships are a wonderful comple-ment to classroom learning, but not areplacement. Additionally, it is ourstrong belief that the skills and talentsthat Stern students bring to their

internships are certainly worth com-pensation. Therefore, it is the policy ofthe Stern Undergraduate College notto grant academic credit for intern-ships. Furthermore, Stern does notauthorize the signing of release of lia-bility waivers pertaining to internshipsundertaken by Stern undergraduates.

Stern undergraduates may acceptpaid and/or unpaid internships; how-ever, it is preferable that Stern stu-dents request to be paid. Schedulingconflicts with internships are not anacceptable excuse for failing to meetone’s academic obligations including,but not limited to, attending class,arriving to class on time, takingscheduled examinations, completinghomework assignments, fulfillinggroup work obligations, and address-ing registration issues.

ACCESS TO ACADEMICINFORMATION The Family Educational Rights andPrivacy Act (FERPA) requires the per-mission of a student to release infor-mation from his or her educationrecords to a third party (except in cer-tain specified instances). A student’seducation record includes all docu-ments maintained by the Universityin either hard copy or electronic for-mat that contain personally identifi-able information about the student. Ifa student wishes to consent to therelease of information from their edu-cation records for the purpose of keep-ing a parent or other individualinformed of their progress at NYU,they must complete the Consent toRelease Student Information Form,which can be found in the Stern Officeof Academic Advising or on the SternUndergraduate College advising Website at www.stern.nyu.edu/uc/advising,under “Academic Planning.” Studentshave the right to revoke the permis-sions granted at any time by submit-ting a revocation letter to the SternOffice of Academic Advising. Thewaiver to share information with athird party will be in effect until thestudent submits such a letter. Formore information on FERPA, please see www.nyu.edu/registrar/university-policies.

All-University Policies and Procedures

ENROLLMENT VERIFICATIONVerification of enrollment or gradua-tion may be requested by submittinga signed letter with the followinginformation: University ID number,current name and any name underwhich you attended NYU, currentaddress, date of birth, school of theUniversity attended, dates attended,date of graduation, and the full nameand address of the person or institu-

tion to which the verification is to besent. Please address your request toOffice of the University Registrar,Transcript and CertificationDepartment, New York University,P.O. Box 910, New York, NY 10276-0910. Or you can fax your signedrequest to 212-995-4154.

Currently, the Office of theUniversity Registrar is not acceptingrequests for certification by e-mail.Please allow seven business days from

the time the Office of the UniversityRegistrar is in receipt of your request.If you wish to confirm receipt of yourrequest, contact the registrar’s officeat 212-998-4280, and a representa-tive will assist you.

OFFICIAL TRANSCRIPTSOfficial copies of your University tran-script can be requested when a stampedand sealed copy of your University


records is required. Requests for officialtranscripts require the signature of thestudent requesting the transcript.Currently, the office is not acceptingrequests for a transcript by e-mail.

A transcript may be requested byeither (1) completing the onlinerequest form at www.nyu.edu/registrar/transcript-form.html and mailing/faxingthe signature page (recommendedmethod) or (2) writing a request letter(see below) and mailing/faxing the com-pleted and signed letter. The fax num-ber is 212-995-4154; the mailingaddress is New York University, Officeof the University Registrar, TranscriptsDepartment, P.O. Box 910, New York,NY 10276-0910.

There is no charge for academictranscripts.

Writing a Request Letter: Arequest letter must include all of thefollowing information:

• University ID number• Current name and any other

name under which youattend/attended NYU

• Current address• Date of birth• School of the University you

attend/attended and for whichyou are requesting the transcript

• Dates of attendance• Date of graduation• Full name and address of the

person or institution to whichthe transcript is to be sent

There is no limit for the number ofofficial transcripts that can be issuedto a student. You can indicate in yourrequest if you would like to forwardthe transcripts to your home address,but the office still requires the nameand address of each institution.

If you initiate your transcriptrequest through the online requestform, you will receive e-mail confirma-tion when the Office of the UniversityRegistrar has received your signedrequest form. If you have any ques-tions or concerns, please contact theoffice at 212-998-4280, and a repre-sentative will assist you. Unofficialtranscripts are available on Albert.

Once a final examination periodhas begun, no transcript will be for-warded for any student who is cur-rently enrolled in courses until all thestudent’s final grades have beenreceived and recorded. Please notifythe Office of the University Registrarimmediately of any change of address.

Students are able to access theirgrades at the end of each semester viaAlbert, NYU’s Web-based registra-tion and information system. Albertcan be accessed via NYUHome athttp://home.nyu.edu.

ARREARS POLICYThe University reserves the right todeny registration and withhold allinformation regarding the record ofany student who is in arrears in thepayment of tuition, fees, loans, orother charges (including charges forhousing, dining, or other activities orservices) for as long as any arrearsremain.

ATTENDANCE AND RELIGIOUS HOLIDAYSAttendance is expected at all class-room sessions. The taking of atten-dance and attendance requirementsare at the discretion of the individualinstructor. In determining the stu-dent’s official grade, the instructormay consider excessive absences.

New York University and theStern School of Business, a nonsectar-ian institution, adhere to the generalpolicy of including in its official cal-endar only certain legal holidays.However, it has also long beenUniversity policy that members ofany religious group may, withoutpenalty, absent themselves fromclasses when compliance with theirreligious obligations requires it. In1988, the University Senate affirmedthis policy and passed a resolutionthat elaborated on it as follows:

1. Students who anticipate beingabsent because of any religious obser-vance should, whenever possible,notify faculty in advance of suchanticipated absence.2. Whenever feasible, examinationsand assignment deadlines should notbe scheduled on religious holidays.Any student absent from classbecause of such beliefs shall not bepenalized for any class, examination,or assignment deadline missed onthat day or days.3. If examinations or assignment dead-lines are scheduled, any student who isunable to attend class because of reli-gious beliefs shall be given the oppor-tunity to make up that day or days.4. No adverse prejudicial effects shallresult to any student who avails him-self/herself of the above provisions.

FINAL EXAMINATIONSRegular final examinations are givenat the end of each semester. Examina-tion dates are provided in the coursedirectory book used for registrationand on the Office of the UniversityRegistrar’s Web site (www.nyu.edu/registrar/final-exam-schedules.html).Please take into account when finalsare scheduled to avoid multiple finalson the same day. A student may take afinal examination for a given courseonly once. No credit is given for anycourse until a student successfully

passes the final examination or theequivalent.

DIPLOMA APPLICATIONStudents may officially graduate inSeptember, January, or May. TheCommencement ceremony for allschools is held in May. In order tograduate in a specific semester, youmust apply for graduation within theapplication deadline period indicatedon the calendar. (Students may viewthe graduation deadlines calendar andgeneral information about graduationin the Office of University Registrar’sWeb page at www.nyu.edu/registrar.) Itis recommended that you apply forgraduation no later than the begin-ning of the semester in which youplan to complete all program require-ments. If you do not successfullycomplete all academic requirementsby the end of the semester, you mustreapply for graduation for the follow-ing cycle.

DEAN’S EXCEPTIONStudents who must complete out-standing course work to meet theirgraduation requirements over thesummer subsequent to the springsemester of their senior year are per-mitted to walk in the May graduationceremonies with the rest of theirclass. In order to do so, they mustmeet with an academic adviser andcomplete a Dean’s Exception Formthat serves as a waiver to allow stu-dents to walk in the Commencementceremonies prior to the completion oftheir degree requirements. The offi-cial graduation date of students whowalk in May with a dean’s exceptionand who complete their course workover the summer is September.

VETERAN’S BENEFITSVarious Department of VeteransAffairs programs provide educationalbenefits for spouses, sons, and daugh-ters of deceased or permanently dis-abled veterans as well as for veteransand in-service personnel, subject tocertain restrictions. Under most pro-grams, the student pays tuition andfees at the time of registration butwill receive a monthly allowance fromVeterans Affairs.

Veterans with service-connecteddisabilities may be qualified for educa-tional benefits under Chapter 31. Anapplicant for this program is requiredto submit to the Department ofVeterans Affairs a letter of acceptancefrom the college he or she wishes toattend. Upon meeting the require-ments for the Department of VeteransAffairs, the applicant will be given anAuthorization for Education (VA Form22-1905), which must be presented to


the Office of the University Registrar,25 West Fourth Street, 1st Floor,before registering for course work.

All Veterans. Allowance checksare usually sent directly to veteransby the Department of VeteransAffairs. Veterans and eligible depend-ents should contact the Office of theUniversity Registrar each term forwhich they desire Veterans Affairscertification of enrollment.

All veterans are expected to reachthe objective (bachelor’s or master’sdegree, doctorate, or certificate)authorized by Veterans Affairs withthe minimum number of creditsrequired. The Department of VeteransAffairs may not authorize allowancepayments for credits that are in excessof scholastic requirements, that aretaken for audit purposes only, or forwhich nonpunitive grades arereceived.

Applications and further informa-tion may be obtained from the student’sregional office of the Department ofVeterans Affairs. Additional guidancemay be obtained from the Office of theUniversity Registrar, 25 West FourthStreet, 1st Floor.

Since interpretation of regulationsgoverning veterans’ benefits is subjectto change, veterans should keep intouch with the Department ofVeterans Affairs or with NYU’s Officeof the University Registrar.

UNIVERSITY POLICY ONPATENTSStudents offered research opportuni-ties are reminded that inventions aris-ing from participation in suchresearch are governed by theUniversity’s Statement of Policy onPatents, a copy of which may befound in the Faculty Handbook orobtained from the Office of the Dean.

NEW YORK UNIVERSITYWEAPONS POLICYNew York University strictly pro-hibits the possession of all weapons,as described in local, state, and federalstatutes, that includes, but is not lim-ited to, firearms, knives, explosives,etc., in and/or around any and allUniversity facilities—academic, resi-dential, or others. This prohibitionextends to all buildings—whetherowned, leased, or controlled by theUniversity, regardless of whether thebearer or possessor is licensed to carrythat weapon. The possession of anyweapon has the potential of creating adangerous situation for the bearer andothers.

The only exceptions to this policyare duly authorized law enforcementpersonnel who are performing officialfederal, state, or local business andinstances in which the bearer of theweapon is licensed by an appropriatelicensing authority and has receivedwritten permission from the execu-tive vice president of the University.

NEW YORK UNIVERSITY SIM-ULATED FIREARM POLICYNew York University strictly pro-hibits simulated firearms in and/oraround any and all University facili-ties—academic, residential, or other.This prohibition extends to all build-ings—whether owned, leased, or con-trolled by the University. Thepossession of a simulated firearm hasthe potential of creating a dangeroussituation for the bearer and others.The only exceptions to this policy areinstances in which (1) the bearer is inpossession of written permissionfrom a dean, associate dean, assistantdean, or department head and (2)such possession or use of simulatedfirearms is directly connected to aUniversity- or school-related event(e.g., play, film production).Whenever an approved simulatedfirearm is transported from one loca-tion to another, it must be placed in asecure container in such a mannerthat it cannot be observed. Storage ofapproved simulated firearms shall be

the responsibility of the Departmentof Public Safety in a location desig-nated by the vice president for publicsafety. Under no circumstances, otherthan at a public safety storage area,may approved simulated firearms bestored in any University owned,leased, or controlled facilities.

IMMUNIZATION REQUIREMENTSNew York State Public Health Law(NYS PHL) 2165 requires all studentsregistering for 6 or more credits in adegree-granting program to provideimmunization documentation formeasles (rubeola), mumps, and rubella(German measles) prior to registra-tion. Students born before January 1,1957, are exempt. New studentsshould complete the MMR section ofthe Student Health History form.Continuing students should completeand submit a Student ImmunizationRecord Form (PDF), available atwww.nyu.edu/shc/about.immunization.html.

New York State Public HealthLaw (NYS PHL) 2167 requires thatall students registered for 6 or morecredits submit a Meningitis ResponseForm as formal confirmation of theirdecision as to whether or not to beimmunized with the meningococcal(meningitis) vaccine. New studentsshould complete the MeningitisResponse section of the StudentHealth History form. Continuingstudents should complete and submit a Meningitis Response Form(PDF), available at www.nyu.edu/shc/about.immunization.html.

Failure to comply with stateimmunization laws will preventNYU students from registering forclasses. In addition to these require-ments, the NYU Student HealthCenter recommends that students alsoconsider hepatitis B and varicellaimmunizations. Students should dis-cuss immunization options with theirprimary care provider.

The Stern School of Business recog-nizes and rewards students who attainscholastic and extracurricular excel-lence. Academic superiority is recog-nized through the Dean’s List,through graduation honors, andthrough honorary societies.

DEAN’S LISTThe Dean’s List is compiled at theend of each semester. This is a list ofmatriculated Stern students who inthat semester have maintained anaverage of 3.6 or more in a programof studies of at least 12 graded credits(not including courses takenpass/fail). To be listed, a student musthave been assigned no grades ofincomplete or N.* GPAs are carriedto two decimal places but are notrounded off.

Only seniors in their last semesterare given permission to enroll forfewer than 12 credits at Stern. If aprogram of only 8 to 11 credits perterm is taken, the required average is 3.7.

HONOR KEYStudents named to the Dean’s List forthree consecutive terms during theirfirst two years in residence at Stern(including summer sessions ifenrolled for a minimum of 12 gradedcredits) are awarded an Honor Keyand certificate in recognition of aca-demic excellence. Recipients areinvited to attend a ceremony in thespring semester hosted by the dean.

GRADUATION WITH HONORSDistinguished academic achievementwill be recognized by the awarding ofdegrees with the following distinc-tions: summa cum laude will beawarded to the top 5 percent of grad-uates based on cumulative GPA,magna cum laude will be the next 10percent of the class, and cum laudewill be awarded to the next 15 per-cent of the class. The cutoffs in eachcategory will be determined by the

combined GPA distribution from thepreceding academic year, all gradua-tion moments included.

HONORS PROGRAMEstablished in 2001, the SternHonors Program invites an elitegroup of seniors to become intimatelyinvolved in graduate-level research.The program pairs students withresearch-oriented faculty memberswho partner with and advise partici-pants throughout their yearlong the-sis development. Additionally,students take part in an honors semi-nar with other program participantsand have the opportunity to takegraduate-level courses in areas ofinterest.

Selection Process. Each year, theStern Honors Program invites top-ranked juniors to apply for admissioninto the program. Students areinvited based on their academic per-formance during their first three yearsof undergraduate education. Invitedstudents must submit an applicationand be interviewed by two facultymembers before selections are finalized.

Honors Program Structure. TheStern Honors Program includes threemain components: an advanced elec-tive module, composed of graduatecourses; an honors seminar; and a the-sis project based on independentresearch.

Graduate Courses. Students selectedfor the program can take up to sixcredits of graduate elective coursesduring their senior year on the recom-mendation of a faculty adviser.Faculty members from each depart-ment review course offerings andadvise which options best fit theneeds of each honor student.

Honors Seminar.† The HonorsSeminar is held weekly. Each sessionis conducted by chaired professors,research professors, faculty researchfellows, and others who present onresearch developments in their area.

These seminars provide students withan overview of timely research acrossall disciplines of business and itspractical applications.

Honors Thesis.† Each student for-mulates a thesis and performs his orher own original research under theguidance of a research faculty mem-ber. In addition to providing valuableinsight into the thesis developmentprocess, faculty advisers act as men-tors to the students. At the end of theacademic year, students are requiredto submit and present their thesis toprogram peers.

HONORARY SOCIETIESBeta Gamma SigmaThe national honorary society of col-legiate schools of business, BetaGamma Sigma, has 119 chaptersthroughout the country. It occupies aposition in the field of business com-parable to Phi Beta Kappa in thehumanities. Membership in the soci-ety is open to juniors whose GPAplaces them in the upper 7 percent oftheir class and to seniors whose GPAplaces them in the upper 10 percentof their class. To be eligible for mem-bership, a student must have com-pleted at least 60 credits whilematriculated at Stern for which he orshe received a letter grade (a grade ofpass is not acceptable). All coursesthat appear on the body of the Sterntranscript and that fulfill the Sternacademic program requirements will

S C H O L A S T I C A C H I E V E M E N T A N D O T H E R A WA R D S 83

Scholastic Achievement and Other Awards

* Seniors in the Honors Program in the fallsemester receive an “incomplete” for that semes-ter’s grade. However, participants in this pro-gram are eligible for Dean’s List honors for thefall as long as they have a minimum 3.7 GPAin at least 8 graded credits.

† Students in the program must enroll in theStern Honors Program Seminar and the SternHonors Program Thesis for both the fall andspring semesters.

S C H O L A S T I C A C H I E V E M E N T A N D O T H E R A WA R D S 84

be used in computing this gradepoint average. Students are notified oftheir eligibility to join Beta GammaSigma in the spring semester.

Student Honors SocietiesArch and Square: Junior honoraryfor those juniors who excel inextracurricular activities.

Sphinx: Senior honorary for thoseseniors who excel in extracurricularactivities.

Stern Student Hall of Fame: Forseniors, in recognition of outstandingachievement in service to the College,coupled with that level of academicquality represented by a minimumgrade point average of 3.1.

STUDENT AWARDS ANDPRIZESAwards and prizes are presented tostudents who have achieved academicexcellence and to students who haveshown leadership, involvement, andparticipation in student governanceand collegiate activities. For specificinformation about these awards, pleaserefer to the Stern UndergraduateCollege Web site atwww.stern.nyu.edu/uc/awards.

S T U D E N T L I F E 85

Student Life

Stern Student LifeOffice of Student Life Tisch Hall, Suite 20340 West Fourth Street212-998-0277Hours: Monday-Friday9 a.m.-5 p.m.

The Office of Student Life is the com-munity-building and leadership-development center of the SternUndergraduate College. The studentlife experience at Stern is fosteredthrough a range of cultural opportuni-ties, cocurricular programs, and socialactivities as well as active involvementin School and University-wide organi-zations. The Stern Office of StudentLife is committed to developing stu-dents’ skills outside the classroom andorganizes opportunities to getinvolved in community service, cul-tural enrichment, and professionaldevelopment activities.

The office is responsible for coor-dinating a wide variety of studentprograms, projects, ceremonies, andextracurricular activities to enhanceStern’s undergraduate out-of-classexperience. Many of these activitiesrelate to the curriculum, enhancingleadership skills and professionalinterests, while others are social.Opportunities also exist for participa-tion in student government and thedevelopment of college policy.

STUDENT GOVERNANCEAND STUDENT LEADERSHIPOPPORTUNITIESStudents play an important role indetermining curriculum, programs ofstudy, extracurricular offerings, disci-pline procedures, and Universityrules. Thus, it is vital that students beconscious of their responsibility tovote in all elections and the numerousoptions available to participate inadministrative decisions.

DEAN’S STUDENT ADVISORYBOARDSThe Dean’s Advisory Boards workwith representatives from the SternOffice of Academic Advising and theOffice of Student Life on differentissues of importance to the Sterncommunity. The boards, consisting ofa representative cross-section of theundergraduate student body, meetregularly to discuss issues that are ofimportance to the student body andprovide input to the deans.

The Dean’s Student AdvisoryBoards address issues pertaining tothe following:

• Academic Life• Arts and Culture• Community Service• Diverse Voices• Strategic Communications

STUDENT COUNCILThe Student Council is the representa-tive governmental organization of thestudents of the Stern UndergraduateCollege. The council is composed ofdelegates from each class and seeks toimprove the quality of student life atStern. One of the chief functions ofthe council is to liaise among stu-dents, clubs, faculty, and administra-tion. The Student Council is designedto be an open forum where studentscan exchange information, opinions,and ideas pertaining to the overall col-legiate experience.

The council also organizes manysocial functions for Stern students topromote school spirit, unity, andcamaraderie. In addition to spiritcompetitions, holiday festivals, andinternational celebrations, the councilsponsors the annual Spring Semi-Formal and other major social eventsand excursions.

The Student Council office islocated on the third floor of TischHall, Room 304. It is staffed bycouncil members, and students are encouraged to send e-mail to [email protected]. Students are alsoinvited and welcome to attend theweekly council meetings.

INTER-CLUB COUNCILThe Inter-Club Council (ICC) is thegoverning and coordinating body forStern clubs and organizations. It iscomposed of the officers of each of theclubs, as well as an executive board,which is the administrative body ofthe ICC. It manages and governs theprocess of creating new clubs andensures that each upholds the School’sstandards. From the budget approvedfor the ICC, money is allocated to theorganizations whose activities it regulates. The ICC promotes clubs on campus, sponsors social activities,

and provides numerous opportunitiesfor professional and leadership development.

CLUBS OF THE COLLEGEFor every major at Stern, there is aclub that sponsors events and enablesstudents to connect with professionalsin their fields of interest. Additionally,several clubs bridge multiple majors,providing information and resourcesfor professional interests that are notexplored through the Stern curricu-lum. Club activities are determinedby the membership and generallyinclude guest speakers, films, trips,seminars, exhibits, and special events.Students may join as many clubs inthe Stern Undergraduate College asthey wish, and membership is notlimited to their major area.

Stern’s energetic and dynamicextracurricular clubs are a driving forcein planning events around campus. Inaddition to the more than 20 Stern-specific clubs, NYU’s Office of StudentActivities (OSA) (see page 86) is hometo over 400 student organizations thatserve a wide array of interests across theUniversity. Most undergraduate stu-dents are members or officers of one ormany clubs. Participation in clubactivities gives students of all disci-plines and backgrounds the opportu-nity to enrich the quality of theireducation. For full descriptions and adirectory of Web sites of all of the Stern clubs, please visit the Inter-ClubCouncil’s (ICC) Web site athttp://pages.stern.nyu.edu/~icc.

ICC Clubs • Accounting Society• Actuarial Society• Alpha Kappa Psi• Beta Alpha Psi• Business and Politics Group• Delta Sigma Pi• Economic Honors Society• Entrepreneurial Exchange Group• Finance Society• Information Systems Society• International Business Association• Investment Analysis Group• Management Consulting Group• Marketing Society• Phi Chi Theta


• Pride Corp• Professional Development Society• Stern Business and Law Association• Stern Business Ethics Society• Stern Cares• Stern Economics Society• Stern Health Care Group• Stern Real Estate Group• Stern Tisch Entertainment Business

Association• Undergraduate Stern Women in

Business

STUDENT LIFE PROGRAMS

Cohen Arts and CultureExperience (CACE)Living in New York City, Stern stu-dents are afforded the opportunity totake advantage of the city’s unrivaledvariety of cultural offerings. Throughthe generous support of alumnusJerry Cohen and his wife, Adrianne,the Cohen Arts and CultureExperience offers every Stern studentthe opportunity to attend culturalevents in New York City at greatlysubsidized prices. Some of the pro-grams students have had the chanceto attend include Broadway and off-Broadway shows, Yankees games,SoHo art gallery tours, and Jazz atLincoln Center. CACE activities aredeveloped in conjunction with stu-dent leadership at Stern. Our student-

driven Arts and Culture Dean’sAdvisory Board works closely withStern administration to promote pro-gramming that meets the diverse andvaried interests of our student body.

Stern Cohort CommunityBuilding InitiativeThe Stern Cohort Program providesStern students, from the moment thatthey arrive on campus, a communityof friends and a network of support.Each freshman class is divided intonine cohorts. Throughout the courseof their time at Stern, students enjoysocial events on and off campus, pro-fessional development forums, corpo-rate visits, and a variety of fun andexciting programming with themembers of their cohorts and withStern alumni.

The Cohort Community BuildingInitiative offers students a chance tobuild networks based on commonexplorations outside of business;encourages new experiences enrichedby engaging the diverse offerings ofNew York City; and provides oppor-tunity for collaboration with studentpeers, successful alumni, and corpo-rate sponsors. Student leaders take anactive role in guiding this initiativeand planning events for their cohort.

Stern Enrichment forAcademic Development(SEAD)SEAD is a student-managed organiza-tion dedicated to promoting excellencein academics and leadership whileenhancing the overall undergraduateexperience. The program is committedto fostering support and culturalenrichment for all students throughinnovative presentations, activities,and services. In particular, SEADengages students of all races and eth-nicities in its efforts to expand culturalawareness, while creating a supportiveenvironment for underrepresented stu-dents. For more information, visithttp://pages.stern.nyu.edu/~sead.

STERN ALUMNI ACTIVITIESStern alumni are an integral part ofthe undergraduate experience. Fromtheir involvement with the CohortProgram to providing internships andfull-time employment opportunities,students at Stern benefit from thestrong alumni base in the New YorkCity metropolitan area, around thecountry, and throughout the world.Stern’s Office of Alumni Affairs andthe Office of Student Life coordinatealumni programs. For more informa-tion, visit www.stern.nyu.edu/alumni.

University Activities and Services

STUDENT ACTIVITIESStudent Resource CenterKimmel Center for University Life60 Washington Square South, Suite 210Telephone: 212-998-4411E-mail: [email protected] site: www.nyu.edu/src

Office of Student Activities (OSA)Kimmel Center for University Life60 Washington Square South, Suite 704Telephone: 212-998-4700E-mail: [email protected] site: www.osa.nyu.edu

Program BoardKimmel Center for University Life60 Washington Square South, Suite 707Telephone: 212-998-4984E-mail: [email protected]

Fraternity and Sorority LifeKimmel Center for University Life60 Washington Square South, Suite 704Telephone: 212-998-4710E-mail: [email protected]

Ticket Central Box OfficeKimmel Center for University Life60 Washington Square South, Suite 206Telephone: 212-998-4949Web site: www.nyu.edu/ticketcentral

ALUMNI ACTIVITIES Office of Alumni Relations andDevelopmentNYU Stern School of Business44 West Fourth Street, Suite 10-160New York, NY 10012-1106Telephone: 212-998-4040E-mail: [email protected] site: www.stern.nyu.edu/alumni

Office for University Developmentand Alumni Relations25 West Fourth Street, 4th FloorTelephone: 212-998-6912E-mail: [email protected] site: alumni.nyu.edu

ATHLETICS

Department of Athletics,Intramurals, and Recreation

Jerome S. Coles Sports andRecreation Center181 Mercer StreetTelephone: 212-998-2020E-mail: [email protected] site: www.nyu.edu/athletics

Palladium Athletic Facility140 East 14th StreetTelephone: 212-992-8500Web site: www.nyu.edu/palladiumathleticfacility

BOOKSTORESMain Bookstore18 Washington PlaceTelephone: 212-998-4667Web site: www.bookstores.nyu.edu

Computer Store242 Greene StreetTelephone: 212-998-4672E-mail: [email protected] Web site: www.bookstores.nyu.edu


Professional Bookstore530 La Guardia PlaceTelephone: 212-998-4680E-mail: [email protected] site: www.bookstores.nyu.edu(Serves the Leonard N. Stern Schoolof Business [Graduate Division], theSchool of Law, and the Robert F.Wagner Graduate School of PublicService.)

CAREER SERVICESWasserman Center for CareerDevelopment133 East 13th Street, 2nd Floor Telephone: 212-998-4730Fax: 212-995-3827Web site: www.nyu.edu/careerdevelopment

COMPUTER SERVICES ANDINTERNET RESOURCESInformation Technology Services(ITS)10 Astor Place, 4th Floor (Client Services Center)Telephone Help Line: 212-998-3333 Web site: www.nyu.edu/its

COUNSELING SERVICESCounseling and Behavioral HealthServices (CBH)726 Broadway, Suite 471Telephone: 212-998-4780E-mail: [email protected] Web site: www.nyu.edu/counseling

DININGNYU Campus Dining ServicesTelephone: 212-995-3030Web site: www.nyudining.com

DISABILITIES, SERVICES FORSTUDENTS WITHHenry and Lucy Moses Center forStudents with Disabilities719 Broadway, 2nd FloorTelephone: 212-998-4980 (voice andTTY)Web site: www.nyu.edu/csd

HEALTHWellness Exchange726 Broadway, Suite 402Telephone: 212-443-9999Web: www.nyu.edu/999

Student Health Center (SHC)726 Broadway, 3rd and 4th FloorsTelephone: 212-443-1000Web site: www.nyu.edu/healthCounseling (see Counseling andBehavioral Health Services, above)

Emergencies and After-HoursCrisis ResponseFor a life- or limb-threatening emer-gency, call 911.

For a non-life-threatening emer-gency, call Urgent Care Services atSHC, 212-443-1111. When the SHCis closed, call the NYU Departmentof Public Safety, 212-998-2222.

For mental health emergencies,call the Wellness Exchange hotline at212-443-9999 or the NYUDepartment of Public Safety at 212-998-2222 to be connected to a crisisresponse coordinator.

Immunizations

Telephone: 212-443-1199

Insurance Telephone: 212-443-1020 E-mail: [email protected] Web site: www.nyu.edu/health/insurance

Pharmacy ServicesTelephone: 212-443-1050Web site: www.nyu.edu/shc/medservices/pharmacy.html

HOUSINGDepartment of Housing383 Lafayette Street, 1st FloorTelephone: 212-998-4600Fax: 212-995-4099E-mail: [email protected] site: www.nyu.edu/housing

Office of Off-Campus Housing 4 Washington Square Village (corner of Mercer and Bleecker)Telephone: 212-998-4620 Web site: www.nyu.edu/housing/offcampus

Department of ResidentialEducation75 Third Avenue, Level C2Telephone: 212-998-4311Web site: www.nyu.edu/residential.education

Office of Summer Housing14A Washington PlaceTelephone: 212-998-4621Web site: www.nyu.edu/summer

INTERNATIONAL STUDENTSAND SCHOLARSOffice for International Studentsand Scholars (OISS)561 La Guardia PlaceTelephone: 212-998-4720E-mail: [email protected] site: www.nyu.edu/oiss

LESBIAN, GAY, BISEXUAL,AND TRANSGENDER STUDENTSOffice of Lesbian, Gay, Bisexual,and Transgender Student ServicesKimmel Center for University Life60 Washington Square South, Suite 602Telephone: 212-998-4424E-mail: [email protected] site: www.nyu.edu/lgbt

MULTICULTURAL EDUCA-TION AND PROGRAMSCenter for Multicultural Educationand Programs (OASIS) Kimmel Center for University Life60 Washington Square South, Suite 806Telephone: 212-998-4343Web site: www.cmep.nyu.edu

RELIGIOUS AND SPIRITUALRESOURCESCatholic Center238 Thompson Street, 1st FloorTelephone: 212-674-7236 or 212-998-1065Web site: washingtonsquarecatholic.org

Edgar M. Bronfman Center forJewish Student Life–Hillel atNYU7 East 10th StreetTelephone: 212-998-4114Web site: www.nyu.edu/bronfman

Protestant Campus Ministries Kimmel Center for University Life60 Washington Square South, Room207Telephone: 212-998-4711Web site: www.protestantministrynyu.com

Hindu Students CouncilKimmel Center for University Life60 Washington Square South,7th FloorE-mail: [email protected] site: www.nyu.edu/clubs/hsc

The Islamic CenterKimmel Center for University Life60 Washington Square South, Room 607Telephone: 212-998-4712Web site: www.icnyu.org

Spiritual Diversity NetworkTelephone: 212-998-4956E-mail: [email protected]

For a complete list of student reli-gious and spiritual clubs and organi-zations at NYU, visit http://clubs.nyu.edu/listclubsbycategories.cfm.


SAFETY ON CAMPUSDepartment of Public Safety14 Washington PlaceTelephone: 212-998-2222; 212-998-2220 (TTY)E-mail: [email protected] site: www.nyu.edu/public.safety

Campus SafetyThe Department of Public Safety islocated at 14 Washington Place; tele-phone: 212-998-2222; 212-998-2220 (TTY).

New York University’s annualCampus Security Report includes statis-tics for the previous three years con-cerning reported crimes that occurredon campus, in certain off-campusbuildings or property owned or con-trolled by NYU, and on public prop-erty within or immediately adjacentto the campus. The report alsoincludes institutional policies con-cerning campus security, such as poli-cies concerning sexual assault, drugs,and alcohol. You can obtain a copy ofthe current report by contacting

Thomas Grace, Director of JudicialAffairs and Compliance, Office of theVice President for Student Affairs(601 Kimmel Center: 212-998-4403), or Jay Zwicker, CrimePrevention Manager, Department ofPublic Safety (7 Washington Place:212-998-1451), or by visiting thefollowing Web site: www.nyu.edu/public.safety/policies.

very year, hun-dreds of studentsin the SternUndergraduate

College devote their time andenergy to community service.In addition to the satisfactionthey receive in helping theirneighbors, they also gain valu-able work experience. ThroughNYU’s Community Service

Center, students volunteerwith dozens of not-for-profitorganizations throughout NewYork City.

Community service pro-vides an opportunity toaddress major social, health,hunger, and environmentalissues. Through service, stu-dents enhance their leadershipskills, find fulfillment in giv-

ing back something to thecommunity, and build newrelationships while learningmore about themselves.

C O M M U N I T Y S E RV I C E 89

Community Service

E

Activities There are many ways to becomeinvolved in activities on and off campus. Students in the Stern Under-graduate College collect cannedgoods, conduct toy drives, and dis-tribute bag lunches to the homeless.They work in dropout preventionprograms that encourage high schoolstudents to stay in school. They reno-vate houses and make them livableagain. Students in the ScholarsProgram participate in ongoing serv-ice projects. Whether their involve-ment is with the sick, the poor, orthose who simply need a helpinghand, student volunteers give ofthemselves freely. And they all agreethat they get back so much more thanthey give.

To strengthen and further sup-port community service initiatives,the University sponsors a number ofcentral services, including a centralCommunity Service Office andServiceNet, an online communityservice database. In addition, the

President’s Office sponsors a specialC-Team for service involving over250 students working as tutors andmentors for young people at sites inGreenwich Village and the LowerEast Side. Regular meetings andsocial events are sponsored by theOffice of the President. Members areinvited to submit proposals for spe-cial projects on their own skills andtalents.

The University supports anational service initiative, ProjectSafetyNet. Members of the AmeriCorpsProject SafetyNet, a cross-universitycorps, work to promote safety amongyoung people at risk through peermediation and conflict resolution pro-grams. For general information, call212-998-2094. Any students at NYUinterested in joining AmeriCorpsProject SafetyNet can contact LeeFrissell at 212-998-5021.

Many student clubs and organ-izations such as Stern Cares, variousscholars groups, Student Council, and

Phi Chi Theta sponsor special serviceprojects and philanthropic eventsthroughout the year. To find out moreabout becoming involved, contact theStudent Council or Inter-ClubCouncil at 212-998-4032.

The NYU Community ServiceCenter, 212-998-4614, provides stu-dents with information about serviceopportunities. Hundreds of volunteerpositions are on file in this office.Center staff are available to provideadvice and support. A communityservice handbook, a helpful guide fordoing community service, may beobtained at the center. The center alsosponsors special events such asAlternative Spring Break, WeekendService Projects, and the annualHunger Clean-Up. In addition, thecenter welcomes organizations to postvolunteer positions.

Office of Community Service25 West Fourth StreetRoom 321212-998-2329

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10 11

12 13 14

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2021

22 23

24

25 26 27 28 2930

31 32 33 34 35 36

37 38 39 4041

42 43 44 45 46 47 48 49 50 5152 53 54

55 56 57

58 59

6061

63

6465

66 67

68

62

North

Washington Square Campus

Key to Buildings1 Carlyle Court

25 Union Square West2 Coral Towers

129 Third Avenue3 Thirteenth Street

Residence Hall47 West 13th Street

4 145 Fourth Avenue 5 University Hall

110 East 14th Street 6 Palladium Hall

140 East 14th Street a Wasserman Center for

Career Development133 East 13th Street

7 113 University Place8 838 Broadway9 7 East 12th Street10 Casa Italiana Zerilli-Marimò

24 West 12th Street11 Third Avenue North

Residence Hall75 Third Avenue

12 Rubin Residence Hall35 Fifth Avenue

13 Bronfman Center7 East 10th Street

14 Brittany Residence Hall55 East 10th Street

15 Lillian Vernon Center58 West 10th Street

16 Alumni Hall33 Third Avenue

17 Barney Building34 Stuyvesant Street

18 13 University Place19 Cantor Film Center

36 East Eighth Street20 10 Astor Place21 Deutsches Haus

42 Washington Mews22 Glucksman Ireland House

1 Washington Mews23 a Institute of French Studies

15 Washington Mewsb La Maison Française

16 Washington Mews24 Weinstein Center for

Student Living11 University Place

25 22 Washington Square North26 One-half Fifth Avenue27 1-6 Washington Square North

a Silver School of Social Work1 Washington Square North

b Graduate School of Arts and Science6 Washington Square North

28 Rufus D. Smith Hall25 Waverly Place

29 Seventh Street Residence40 East Seventh Street

30 111, 113A Second Avenue31 Silver Center Block

a Silver Center for Arts and Science100 Washington Square East/33 Washington Place

b Grey Art Gallery100 Washington Square East

c Waverly Building24 Waverly Place

d Brown Building29 Washington Place/245 Greene Street

32 Kimball Blocka Kimball Hall

246 Greene Streetb Torch Club

18 Waverly Placec 285 Mercer Streetd Copy Central

283 Mercer Street

33 Broadway Blocka 715 Broadway b 719 Broadway c 721 Broadway d 1 Washington Placee 5 Washington Place

34 Student Health Center726 Broadway

35 411 Lafayette Street36 48 Cooper Square 37 Hayden Residence Hall

33 Washington Square West38 Education Block

a Pless Hall82 Washington Square East

b Pless Annex82 Washington Square East (26 Washington Place)

c NYU Bookstore18 Washington Place

d East Building239 Greene Street

e Education Building35 West Fourth Street

f Faye’s @ the Square45 West Fourth Street

g Goddard Hall79 Washington Square East

39 Student Services Blocka 25 West Fourth Streetb 240 Greene Streetc 242 Greene Street d 14, 14A Washington Place e Carter Hall

10 Washington Placef 8 Washington Place g 19 West Fourth Street

40 Meyer Blocka Meyer Hall

4 Washington Placeb Psychology Building

6 Washington Place41 20 Cooper Square42 a Provincetown Playhouse

133 MacDougal Street b Lawyering Program

137 MacDougal Street 43 Vanderbilt Hall

40 Washington Square South44 Judson Block

a Kevorkian Center50 Washington Square South

b Skirball Department53 Washington Square South

c King Juan Carlos I Center53 Washington Square South

d Furman Hall245 Sullivan Street

45 Catholic Center at NYU58 Washington Square South(non-University building)

46 Kimmel Center for University Life60 Washington Square South a Skirball Center for the

Performing Arts47 Bobst Library

70 Washington Square South48 Schwartz Plaza49 Shimkin Hall

50 West Fourth Streeta The Jeffrey S. Gould

Welcome Center50 Kaufman Management

Center44 West Fourth Street

51 Gould Plaza52 Tisch Hall

40 West Fourth Street53 Courant Institute

251 Mercer Street54 Housing

383 Lafayette Street55 D’Agostino Hall

110 West Third Street56 561 La Guardia Place

57 Mercer Street Residence240 Mercer Street

58 Mail Services547 La Guardia Place

59 Washington Square Village60 530 La Guardia Place61 Off-Campus Housing

4 Washington Square Village62 665 Broadway63 Second Street Residence Hall

1 East Second Street64 University Plaza65 Silver Towers

100, 110 Bleecker Street66 Coles Sports and

Recreation Center 181 Mercer Street

67 194, 196 Mercer Street68 Puck Building

295 Lafayette Streeta Wagner Graduate School

of Public Service

NOT SHOWNBroome Street Residence 400 Broome StreetButterick Building161 Sixth AvenueCliff Street Residence 15 Cliff StreetGreenwich Hotel636 Greenwich StreetLafayette Street Residence80 Lafayette StreetTwenty-sixth Street Residence334 East 26th StreetUniversity Court334 East 25th StreetWater Street Residence200 Water StreetWoolworth Building15 Barclay Street

Alphabetical List (Numbers in parentheses correspondto the Key to Buildings and map)

BY BUILDING NAMEAlumni Hall33 Third Avenue (16)Barney Building34 Stuyvesant Street (17)Bobst Library70 Washington Square South (47)Brittany Residence Hall55 East 10th Street (14)Bronfman Center7 East 10th Street (13)Broome Street Residence 400 Broome Street (not shown)Brown Building29 Washington Place/245 Greene Street (31d)Butterick Building161 Sixth Avenue (not shown)Cantor Film Center36 East Eighth Street (19)Carlyle Court25 Union Square West (1)Carter Hall10 Washington Place (39e)Casa Italiana Zerilli-Marimò24 West 12th Street (10)Catholic Center at NYU58 Washington Square South (45)(non-University building)Cliff Street Residence 15 Cliff Street (not shown)Coles Sports and Recreation Center 181 Mercer Street (66)Copy Central283 Mercer Street (32d)Coral Towers129 Third Avenue (2)Courant Institute251 Mercer Street (53)

D’Agostino Hall110 West Third Street (55)Deutsches Haus42 Washington Mews (21)East Building239 Greene Street (38d)Education Building35 West Fourth Street (38e)Faye’s @ the Square45 West Fourth Street (38f)Furman Hall245 Sullivan Street (44d)Glucksman Ireland House1 Washington Mews (22)Goddard Hall79 Washington Square East (38g)Gould Plaza (51)Graduate School of Arts and Science6 Washington Square North (27b)Greenwich Hotel636 Greenwich Street (not shown)Hayden Residence Hall33 Washington Square West (37)Housing383 Lafayette Street (54)Institute of French Studies15 Washington Mews (23a)The Jeffrey S. Gould Welcome Center50 West Fourth Street (49a)Kaufman Management Center44 West Fourth Street (50)Kevorkian Center50 Washington Square South (44a)Kimball Hall246 Greene Street (32a)Kimmel Center for University Life60 Washington Square South (46)King Juan Carlos I Center53 Washington Square South (44c)La Maison Française16 Washington Mews (23b)Lafayette Street Residence 80 Lafayette Street (not shown)Lawyering Program137 MacDougal Street (42b)Lillian Vernon Center58 West 10th Street (15)Mail Services547 La Guardia Place (58)Mercer Street Residence240 Mercer Street (57)Meyer Hall4 Washington Place (40a)Moses Center for Students with Disabilities719 Broadway (33b)NYU Bookstore18 Washington Place (38c)Off-Campus Housing4 Washington Square Village (61)One-half Fifth Avenue (26)Palladium Hall140 East 14th Street (6)Pless Annex82 Washington Square East (26 Washington Place) (38b)Pless Hall82 Washington Square East (38a)Provincetown Playhouse133 MacDougal Street (42a)Psychology Building6 Washington Place (40b)Puck Building295 Lafayette Street (68)Rubin Residence Hall35 Fifth Avenue (12)Rufus D. Smith Hall25 Waverly Place (28)Schwartz Plaza (48)Second Street Residence Hall1 East Second Street (63)Seventh Street Residence40 East Seventh Street (29)

Shimkin Hall50 West Fourth Street (49)Silver Center for Arts and Science100 Washington Square East/33 Washington Place (31a)Silver School of Social Work1 Washington Square North (27a)Silver Towers100, 110 Bleecker Street (65)Skirball Department53 Washington Square South (44b)Student Health Center726 Broadway (34)Student Services Center25 West Fourth Street (39a)Third Avenue North Residence Hall75 Third Avenue (11)Thirteenth Street Residence Hall47 West 13th Street (3)Tisch Hall40 West Fourth Street (52)Torch Club18 Waverly Place (32b)Twenty-sixth Street Residence334 East 26th Street (not shown)Undergraduate AdmissionsGould Welcome Center58 West Fourth Street (49a)University Court334 East 25th Street (not shown)University Hall 110 East 14th Street (5)University Plaza (64)Vanderbilt Hall40 Washington Square South (43)Washington Square Village, 1-4 (59)Wasserman Center for Career Development 133 East 13th Street (6a)Water Street Residence 200 Water Street (not shown)Waverly Building24 Waverly Place (31c)Weinstein Center for Student Living11 University Place (24)Woolworth Building15 Barclay Street (not shown)

BY STREET10 Astor Place (20)665 Broadway (62)715 Broadway (33a)719 Broadway (33b)721 Broadway (33c)838 Broadway (8)20 Cooper Square (41)48 Cooper Square (36)7 East 12th Street (9)One-half Fifth Avenue (26)145 Fourth Avenue (4)240 Greene Street (39b)242 Greene Street (39c)411 Lafayette Street (35)530 La Guardia Place (60)561 La Guardia Place (56)194, 196 Mercer Street (67)285 Mercer Street (32c)111, 113A Second Avenue (30)13 University Place (18)113 University Place (7)1 Washington Place (33d)5 Washington Place (33e)8 Washington Place (39f)14, 14A Washington Place (39d)1-6 Washington Square North (27)22 Washington Square North (25)19 West Fourth Street (39g)25 West Fourth Street (39a)

Lexington Avenue SubwayLocal to Astor Place Station. Walkwest on Astor Place to Broadway,then south on Broadway to WaverlyPlace, and west on Waverly Place toWashington Square.

Broadway SubwayLocal to Eighth Street Station. Walksouth on Broadway to Waverly Place,then west on Waverly Place toWashington Square.

Sixth or Eighth AvenueSubwayTo West Fourth Street-WashingtonSquare Station. Walk east on WestFourth Street or Waverly Place toWashington Square.

Seventh Avenue SubwayLocal to Christopher Street-SheridanSquare Station. Walk east on WestFourth Street to Washington Square.

Port Authority Trans-Hudson(PATH)To Ninth Street Station. Walk southon Avenue of the Americas (SixthAvenue) to Waverly Place, then eastto Washington Square.

Fifth Avenue BusBus numbered 2, 3, or 5 to EighthStreet and University Place. Walksouth to Washington Square. Busnumbered 1 to Broadway and NinthStreet. Walk south on Broadway toWaverly Place and west toWashington Square.

Eighth Street Crosstown BusBus numbered 8 to University Place.Walk south to Washington Square.

Broadway BusBus numbered 6 to Waverly Place.Walk west to Washington Square.

T R A V E L D I R E C T I O N S 92

Travel Directions to the Washington Square Campus*

* See Washington Square Campus map and key for specific addresses.

AAcademic Advising,Office of, Stern 73

Academic advising, registration,and policies and procedures 73-82

Academic information, access to 80

Academic standards 78

Accounting 20-23

AccreditationNew York University 7Undergraduate College ofthe Leonard N. Stern Schoolof Business 10

Actuarial science 45-47

Add/drop courses 75

AdministrationNew York University 7-8Undergraduate College ofthe Leonard N. SternSchool of Business 10

Admission 61-66Advanced placement equivalencies 65Advanced standing 64-66Application filing deadlines 62Campus visits 62Credit by examination 66Credit for prior college course work 64-65Deadlines, application filing 62Early Decision Plan 62-63Enrollment process 64Financial aid application 62, 69-72Foreign language placement 65-66Guest accommodations, NYU 62High school preparation, recommended 61International credentials,applicants with 63-64, 80, 87Part-time study 63Placement examinations 65-66Readmission of formerstudents 64Testing, required 62Transfer applicants 63

Advisers, Stern undergraduatefaculty 73

Affirmative action/equalopportunity 6-7

Alumni 86

American LanguageInstitute 64

Arrears policy 68, 81

Art gallery and collection 6

Athletics, Intramurals, andRecreation, Department of 86

Attendance 81

Auditing courses 75

Awards and prizes 84

BBachelor of ScienceDegree Program 13-19

Bookstores, NYU 86-87

B.S./M.S. Dual-Degree Programin Certified Public Accounting 20

Business Core 13-14

Business economics major 24-29

Business and Political EconomyProgram 19

Business proficiencyexaminations, transfer 79

CCalendar, academic 11-12

Campus safety 88

Campus stores 86-87

Campus visits 62

Career counseling 73-74, 87

Certified Public AccountingProgram 20-23

Clubs of the College 85-86

Code of conduct, student 75-76

Code of conduct, travel 76-77

Cohen Arts and CultureExperience (CACE) 86

Cohort Community BuildingInitiative, Stern 86

Cohort Leadership Project 18

Coles Sports and RecreationCenter 86

College Learning Center 74

Community service 89

Computer services andInternet resources 76, 87

Computer Store, NYU 86

Counseling and Behavioral Health Services 87

Course loads, semester 74-75

Credit limits, Stern 79

Cross-school minors 50-52Advanced mathematical methods with CAS 50Business of entertainment, media, and technology withSteinhardt and Tisch 51-52Public policy and management with Wagner 52

Curriculum, integratedfour-year 13-19

DDeadlines, application filing 62

Dean’s exception 81

Dean’s List 83

Dean’s Student AdvisoryBoards 85

Deferred payment plan 68

Degree requirements 13-19

Dining services, campus 87

Diploma application 81

Diploma arrears policy 68

Disabilities, students with 74, 87

Disciplinary sanctions 76

Dismissal, academic 78

Double counting of course work 78

Dual-Degree Program in Certified Public Accounting 20

EEarly Decision Plan 62-63

Early graduation 80

Economics 24-29

Economic theory major 24-29

Electives, University 14

I N D E X 93

Index

I N D E X 94

Employee education plans 72

Employment, part-time 70

Enrichment for AcademicDevelopment, Stern (SEAD) 86

Enrollment process 64

Enrollment verification 80

Entertainment, media, andtechnology specialization (EMT) 14, 30

Entrepreneurship specialization 14, 31

Equal opportunity 6

ExaminationsAdmission, required testing 62Credit by 66Final 81Foreign language placement 66Makeup 77-78Placement 65-66Plagiarism and cheating 76Proficiency 79Transfer business proficiency 79Writing proficiency 79

Exchange programs,international business 19, 75

FFaculty 53-60

Faculty advisers 73

Fees 67-68

Finance 32-34

Financial aid 62, 69-72

Firearm policy, simulated,New York University 82

Foreign credentials,applicants with 63-64, 80, 87

Foreign language placementexamination 66

Fraternities and sororities 86

GGlobal opportunities 18-19

Grades 77-78

Graduation policy 68, 80, 83

Grants 70-71

Guest accommodations, NYU 62

HHealth Center, Student 87

Honorary societies 83-84

Honor Council 76

Honor Key 83

Honors, graduation with 83

Honors Program, Stern 83

Honors Program in economics, CAS 25

Housing 87

IImmunization requirements 82, 87

Incomplete grades 77

Independent studies 75

Information systems 35-36

Information TechnologyServices (ITS) 87

Insurance, tuition 69

Insurance services, studenthealth 67, 87

Inter-Club Council 85

International business comajor 37-38

International BusinessExchange (IBEX) Program 19, 75

International credentials,applicants with 63-64, 80, 87

International Programs,Office of 10, 19, 75

International Studentsand Scholars, Office for 63-64, 80, 87

International Studies Program (ISP), Barr Family 18

International Studies sequence 14, 18

Internet resources andcomputer services 76, 87

Internships 80

LLeave of absence 79-80

Lesbian, Gay, Bisexual,and Transgender StudentServices, Office of 87

Liberal Arts Core 13, 15

Libraries 5-6, 76

Loans 70, 71-72

MMajors, minors, and specializations 14-19, 50-52, 78

Management andorganizations 39-41

Map of Washington Squarecampus 90-91

Marketing 42-44

Minors, cross-school 50-52

Money and Markets Core 14, 17

Morse Academic Plan 15-17

Moses Center for Students with Disabilities 74, 87

Multicultural Education andPrograms (OASIS), Center for 87

Multidisciplinary courses 48-49

NNew York University,introduction to 3-8

OOperations managementgroup faculty 60

PPalladium Athletic Facility 86

Part-time study 63

Pass/fail option 77

Patents, Universitypolicy on 82

People, Information, and Systems Core 14, 17

Plagiarism 76

Policies and procedures of the College and University 75-82

Academic standards 78Access to academic information 80Arrears policy 81Attendance 81Code of conduct, student 75-76Course loads, semester 74-75Credit limits, Stern 79Dean’s exception 81Diploma application 81Disciplinary sanctions 76Dismissal 78Early graduation 80Enrollment verification 80Examinations 76Final examinations 81Grades 77-78Honor Council 76Incomplete grades 77Immunization requirements 82, 87Internships 80Leave of absence 79-80Major and minor selection 14-19, 78Makeup examinations 77-78Pass/fail option 77Patents 82Plagiarism and cheating 76Probation, academic 78Proficiency examinations 79Religious holidays 81Residency requirements 79Technology 76Transcripts, official 80-81

F A C U L T Y 95

Travel code of conduct 76-77Veterans benefits 81-82Weapons and firearms 82

Prehealth advising 73

Prelaw advising 73

Prizes and awards 84

Probation, academic 78

Proficiency examinations 79

Program Board, NYU 86

Programs, student life 86

RReadmission of formerstudents 64

Recreation, Department ofAthletics, Intramurals, and 86

Refund of tuition 68-69

Registration 74-75

Religious holidays,attendance and 81

Religious and spiritualresources 87

Residency requirements 79

Resident assistantships 70

SSafety, campus 88

Scholarships and grants 70-71

Scholastic achievement and other awards 83-84

Social Impact Core 14, 18

Sororities and fraternities 86

Specializations 14, 30, 31

Sports and recreation facilities 86

Statistics and actuarialscience 45-47

Stern Enrichment for Academic

Development (SEAD) 86

Stern School of Business, Leonard N., Undergraduate College 9-10

Stern undergraduate facultyadvisers 73

Student Activities, Office of 85, 86

Student advisement 73-74

Student Council 85

Student governance 85

Student Health Center 87

Student Life, Office of 85

Student life, Stern 85-88

Student residences 87

Student Resource Center 86

Students with disabilities 74, 87

Study abroad 18, 19, 75

Summer sessions 74

TTesting, required 62

Ticket Central Box Office 86

Transcripts, official 80-81

Transfer applicants 63

Travel code of conduct 76-77

Travel directions 92

Trustees, Board of 8

Tuition and fees 67-69

Tuition insurance 69

TuitionPay Plan 68

UUndergraduate College,Leonard N. Stern Schoolof Business 9-10

VVeterans benefits 81-82

Visas, student, andorientation 64

Visiting (special) students 63

WWaitlists 75

Warning, academic 78

Washington Square campusMap 90-91

Wasserman Center for CareerDevelopment 73-74, 87

Weapons and firearms policy, New York University 82

Wellness Exchange 87

Winter sessions 74

Withdrawal from courses 75, 79-80

Withdrawal and financial aid 70

Withdrawal and refund of tuition 68-69

World Studies Track Program 19

Work-Study Program,Federal 69, 70

Writing courses andworkshops 15-16, 66, 79

Writing ProficiencyExamination 79

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