New Course on Software Coding for Cryptocurrencies
There are more than 1300 cryptocurrencies listed in the CoinMarketCap database, with new types arriving continually through Internet Coin Offerings. Blockchain technology is the enabler of Bitcoin and of many other currencies, though not all. This course will teach you to write software to code your own blockchain and fully understand how it works, its limitations and potential improvements to the technology originally described in Satoshi Nakamoto’s Bitcoin Manifesto (https://bitcoin.org/bitcoin.pdf ). You will additionally learn cryptocurrency market analysis using transaction data available on services such as Yahoo Finance and Bitstamp; create visualizations of the daily Bitcoin exchange rate using data sourced from localBTC and the Quandl APIs; and analyze real-time cryptocurrency prices, trades, volumes, mining profitability, Ripple TXP settlements and more using CryptoCompare’s API. “If you can code it, you certainly understand it”!
Innovation Strategy & Technology Entrepreneurship (IDS 518 / MGMT 518)
Entrepreneurship, innovation and new venture management have become the major drivers of wealth and economic growth in the 21st century. Innovation – both the word, and its practice – have grown pervasive throughout industry, with the business press devoting cover stories and page after page of prose to the latest innovations destined to change our lives and enrich their inventors. CEOs, in speech after speech, invoke the mantra of innovation to justify their strategy. New courses in marketing, strategy, finance and other functional areas in business schools have emerged that are devoted to explaining the role of innovation. This course provides the student with a survey and case studies of successful innovations, their components, strategies and financial structure. The course combines entrepreneurial, strategic, marketing, legal, societal and financial themes in support of innovative businesses and products. Students who intend to start up their own businesses and those planning on extending the product lines of established firms will benefit from the material in this class. The course addresses the design of effective strategies given particular technological capabilities and competitive markets; and provides tools for the financial analysis that are essential for obtaining venture capital.
Audit Analytics (IDS 523)
Information technology plays a pivotal role in financial control and audit: most if not all financial data is now digitally recorded, and dispersed among servers, clouds and networks of computers over which the audited firm has no control. Additionally, firm data – particularly in finance, software, insurance and biotech firms – comprises most of the audited value of the firm. Financial audits are critical mechanisms ensuring the integrity of information systems and the reporting of organizational finances. They help avoid the abuses that led to passage of legislation such as the Foreign Corrupt Practices Act, and the Sarbanes-Oxley Act. Unfortunately, audit effectiveness has rapidly declined over the past two decades as auditor skillsets have failed to keep up with advances in information technology. Information and communications technology lie at the core of commerce today, and are integrated in business processes around the world. This course is designed to meet the increasing need of audit professionals to understand information technology and the controls required to manage it. This course is designed to meet the increasing need of audit professionals to understand information technology in a world where paper as either an archive or display medium has ceased to exist.
Electronic Markets (IDS542 / MGMT 582)
The competitive landscape in e-business has changed dramatically over the past decade. New technologies and marketing channels have pushed competition into realms that are both incredibly complex, and incredibly profitable – more than any time in the past. Rates of return on successful Internet startups average over 50%, compared to those of traditional business that average in the range of 15%. Improved profits come with elevated risk – business and technological – that confront investors and managers with new challenges. Even when Internet marketing is successful, it may be difficult to figure out exactly why. This course provides the student with a survey and case studies of successful Internet marketing models, their components, strategies and financial structure. Students who intend to develop their own Internet businesses and those planning on extending the Internet marketing of established firms will benefit from the material in this class. The course addresses the design of effective strategies given particular technological capabilities and competitive markets; and provides tools for the financial analysis that are essential for obtaining venture capital.