MIT: Independent Activities Period: IAP

IAP 2017 Activities by Category - Economics and Finance

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Applied Probabilistic Programming and Bayesian Machine Learning

Max Shen, PhD Student, Alvin Shi, PhD Student, Carles Boix, PhD Student

Jan/10 Tue 05:00PM-06:30PM 4-237
Jan/12 Thu 05:00PM-06:30PM 4-237
Jan/17 Tue 05:00PM-06:30PM 4-237
Jan/19 Thu 05:00PM-06:30PM 4-237
Jan/24 Tue 05:00PM-06:30PM 4-237
Jan/26 Thu 05:00PM-06:30PM 4-237

Enrollment: Unlimited: Advance sign-up required
Sign-up by 01/08
Attendance: Participants welcome at individual sessions

Recent innovations in computational methods for Bayesian inference, captured in probabilistic programming languages such as Stan and Edward, have made the power of fully Bayesian inference accessible beyond expert statisticians. These methods particularly shine in machine learning settings with small-to-medium size datasets and complex prior/domain knowledge.

This class aims to provide a hands-on introduction to applying probabilistic programming to real-world problems. The ideas behind probabilistic programming will be covered, including automatic differentiation, variational inference, Markov Chain Monte Carlo (MCMC), and other inference methods. The engineering of models will also be emphasized through exercises on debugging, model specification, reparameterization, addressing identifiability issues, and model efficiency.

Coding exercises and sample datasets will be provided. Students are also encouraged to bring in their own datasets. All course details are subject to change.

*Prior experience with Python or R recommended, as well as some experience with statistics. The class is geared towards interested undergraduates and graduate students.

*In addition, the first annual Stan Convention is occurring on January 21st at Columbia University ($50 student registration) and some of us will be attending.

*Please register here: https://goo.gl/forms/6Ovz4ferwITj7ak13

*Course Material here: https://github.com/maxwshen/iap-appbml

Contact: Max Shen, MAXWSHEN@MIT.EDU


Business data: Finding & mapping company information

Jennie Murack, Nick Albaugh

Jan/20 Fri 11:00AM-12:00PM 14N-132

Enrollment: Limited: Advance sign-up required

Did you ever wonder where grocery stores are located in a city? Or perhaps biotech firms? We will learn how to query several business directories and then take that information one step further by creating customized maps and finding detailed information for specific companies.

Bring your laptop or use a computer in the lab.

Register here.

Sponsor(s): Libraries, Geographic Information Systems Lab
Contact: Jennie Murack, 7-238, 617 258-6680, MURACK@MIT.EDU


Child Protection Planning: 10 Things Every Parent Should Know

Mark Porter '05, Certified Financial Planner

Jan/26 Thu 12:00PM-01:00PM 32-144

Enrollment: Unlimited: Advance sign-up required

Becoming a parent is a joyous and life altering event. It can also have a serious impact on your finances. How can you best protect your children? How can you best plan for their future? Come learn the essentials from Mark Porter '05, certified financial planner, and Brian Mahoney, Esq. on topics such as:

• Wills
• Emergency and Permanent Guardianship Provisions
• Trusts
• Education Savings Options
• Life Insurance
• Disability Insurance


The seminar itself will last 60 minutes and then Brian and Mark will be available for questions.

Register today!

Sponsor(s): Alumni Association
Contact: Elena Byrne, W98-206C, 617 252-1143, EBYRNE@MIT.EDU


Child Protection Planning: 10 Things Every Young Parent Should Know

Brian Mahoney, Esq., Mark Porter '05, Certified Financial Planner

Jan/10 Tue 04:00PM-05:00PM 32-144

Enrollment: Unlimited: Advance sign-up required

Becoming a parent is a joyous and life altering event. It can also have a serious impact on your finances. How can you best protect your children? How can you best plan for their future? Come learn the essentials from Mark Porter '05, certified financial planner, and Brian Mahoney, Esq. on topics such as:

• Wills
• Emergency and Permanent Guardianship Provisions
• Trusts
• Education Savings Options
• Life Insurance
• Disability Insurance


The seminar itself will last 60 minutes and then Brian and Mark will be available for questions.

Register today!

Sponsor(s): Alumni Association
Contact: Elena Byrne, W98, 617-252-1143, ebyrne@mit.edu


Climate Science: Mankind's First Good Forecast

Spencer Glendon, Wellington Management Company LLP

Jan/30 Mon 01:00PM-02:30PM E51-335

Enrollment: Limited: First come, first served (no advance sign-up)

Economists and investors try to make an extremely complex system tractable through theory, equations, and data analysis. This enormous enterprise yields valuable, often marginal insights but rarely produces good forecasts. For over 40 years climate scientists have also sought to understand a complex system using theory, equations, and data analysis. Their research has yielded startlingly clear results and mankind’s first good forecast. Spencer Glendon will compare climate research with social science, share what climate science teaches us about economic history and specialization, and discuss why economics and finance are so reluctant to embrace climate science.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Consequences of the Declining Marriage-Market Value of Men for Marriage, Fertility, and Children's Living Circumstances

David Autor, Ford Professor of Economics, Assoc. Department Head

Jan/24 Tue 01:00PM-02:00PM E52-432

Enrollment: Limited: First come, first served (no advance sign-up)

The structure of marriage and child-rearing in U.S. households has undergone two marked shifts in the last three decades: a steep decline in the prevalence of marriage among young adults, and a sharp rise in the fraction of children born to unmarried mothers or living in single-headed households. One potential contributor to both phenomena is the declining labor market opportunities faced by non-college males, which make them less valuable as marital partners. But is this hypothesis relevant, or rather a bunch of bad journalism dressed up in economic terminology? This IAP talk will offer both theory and evidence on the role that the falling marriage-market value of young men may have played in the rising rate of out-of-wedlock childbearing and single-headed childrearing in the United States.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Customer Financing and Other Creative Ways to Fund Your New Venture

Sanjay Manandhar '89, SM '91, Founder & CEO Aerva, Inc

Jan/18 Wed 06:00PM-07:00PM 32-144

Enrollment: Unlimited: Advance sign-up required

The most common method of financing is one of angel and institutional money from VC and PE firms. However, not all businesses are a fit for these types of funding sources. Roughly 1% of the companies attract any angel/VC—so what do other ventures do? How did ventures get off the ground before the 1950s when the VC industry started taking hold?

Customer-funding is an attractive, non-dilutive method of funding. There is, of course, the chicken-and-egg problem of not having products to sell to customers, but needing funding to create the products. There are many ways to handle this—I will share one method Aerva used to receive customer funding early on.

Typically first customers are much larger than your new venture—and it may seem inconceivable why a larger entity might want to work with a smaller entity or a startup. In fact, startups have a lot more leverage than their founders may realize. Therefore, one can negotiate a win-win scenario, which can help your financing situation.

Along the way, there are many traditional, non-VC funding sources one can tap into, in particular once positive revenue trends can be demonstrated. After break-even and positive cashflow, even more funding sources become available, from bank loans, to institutional capital, which may even start chasing you, rather than the other way around.

Register today!

Sponsor(s): Alumni Association
Contact: Elena Byrne, W98-206C, 617 252-1143, EBYRNE@MIT.EDU


Data Visualization Done Differently

Jonathan Schwabish, Senior Research Associate at Urban Institute

Jan/26 Thu 01:00PM-02:30PM E51-325

Enrollment: Limited: First come, first served (no advance sign-up)

The data visualization field combines data analysis, graphic design, journalism, and statistics and aims to help analysts in a variety of fields provide their audience with greater insights into their research or products. In this presentation, I lay the groundwork for how to use data visualization to more effectively communicate. This presentation will demonstrate different types of visualizations and their uses, as well as how to avoid creating graphics that result in ineffective and inaccurate perceptions of data. These guidelines will prepare you to create clearer, more accurate, and more visually appealing graphics.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Disaggregating the Matching Function

Peter Diamond, Institute Professor and Professor of Economics, Emeritus

Feb/01 Wed 10:30AM-12:00PM E51-151

Enrollment: Limited: First come, first served (no advance sign-up)

The focus of this paper is on gross hires relative to the tightness of the labor market, the aggregate matching function. The paper considers various decompositions of aggregate hires to see how the hiring process differs across different groups of workers and different groups of firms, Decompositions include worker employment status in the previous month, along with age, gender and education. Another decomposition separates hiring between part-time and full-time jobs, which show different patterns in the current recovery. Shift-share analyses are done based on industry, firm size and occupation to show how much of the size of the residual of the aggregate hiring function can be explained by the composition of vacancies across these dimensions. The paper also includes some issues in the modeling of the labor market. The paper briefly notes that the hiring process appears to shift as a recovery starts, coinciding with shifts in the Beveridge curve.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Discussion and Film: "The Strange Case of the Water That Went up the Great-Grandfather's Arse and Other Stories of Democracy" (by Abhijit Banerjee)

Abhijit Banerjee, Ford International Professor of Economics

Feb/02 Thu 01:00PM-02:30PM E52-432

Enrollment: Limited: First come, first served (no advance sign-up)

Democracy is humanity’s bravest experiment. The idea that everyone–women and men, poor and rich, illiterate and educated–should be in charge of shaping the state and society they live in, is at once totally obvious and deeply radical. And yet, the lived experience of democracy is almost always disappointing. Corruption is often the rule and change is slow and difficult.

This film is about living this tension, through the eyes and voices of every day participants in the world’s largest democracy, India. Using unique footage that we shot in dozens of locations all over the country over eight years, with interviews with everyone from theorists to thugs (who are sometimes the same people), we document how profoundly the so-called bit-players in the democratic narrative—the often semi-literate voters, the local activists and the small-time leaders–have absorbed the democratic ethos. For all their cynicism and fear, it is for the poor, the marginalized and the powerless that the idea of democracy matters the most, what gives them the greatest hope for the future.

Combining animation, folk music and street plays with casual conversations at street corners, expert analyses and stump speeches, this is a documentary about a nation, a people and one extraordinary idea.

A presentation of clips from The strange case of the water that went up the great-grandfather’s arse and other stories of democracy followed by a discussion on populism and democracy.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Dynamics of Real Estate Development in China: Theory and Education

Xin Zhang, PhD candidate

Enrollment: Limited: First come, first served (no advance sign-up)
Limited to 50 participants
Attendance: Participants welcome at individual sessions

The lecture focuses on real estate market discussion from three perspectives: “Uncertainty” (Quantifying Future Value Uncertainty in Development Projects), “Flexibility” (Flexibility in Design in Large Scale Real Estate Projects), and “Methodology” (System Dynamics Analysis on Chinese Urban Housing Market). Each section will take 1.5 Hours. Lunch will be provided at noon time and coffee will be provided in the afternoon.

Sponsor(s): Urban Studies and Planning, Center for Real Estate Development, MIT China Program
Contact: Xin Zhang, (202) 281-4718, xinzhang@mit.edu


Quantifying Future Value Uncertainty

Jan/17 Tue 10:30AM-12:00PM 9-354

Introduce the concept of real estate system, identify the sources of asset value uncertainty and its variation over time, discuss empirically the evidence about such uncertainty, and modeling in Excel.

Prof David Geltner


Flexibility in Design

Jan/17 Tue 01:00PM-02:30PM 9-354

Introduce the typology of large scale real estate development flexibility options with case studies, including delay option, phasing option, expansion option, etc. 

Prof Richard de Neufville, Xin Zhang - PhD candidate


Potential Housing Bubble in China

Jan/17 Tue 03:00PM-04:30PM 9-354

This session analyzes the potential housing bubble in Chinese urban housing market through the lens of a System Dynamics model. The goal is to demonstrate in casuality structure how non-economic features under certain conditions can become bubble self-feeding mechanisms and lead to escalating price behavior. 

Xin Zhang - PhD candidate


Economics and Politics of Brexit

John Van Reenen, Professor of Applied Economics

Jan/20 Fri 01:00PM-02:00PM E51-149

Enrollment: Limited: First come, first served (no advance sign-up)

What are likely to be the economic consequences of Britain’s historic vote to leave the European Union (“Brexit”) on the UK and the rest of the world. Van Reenen will discuss the role of trade, investment, immigration and other changes. He will also look at the reasons that Britain voted to leave and what it means for the future of Western democracies.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Energy Policy in the context of Climate Change: the case of Mexico

Dr. Lourdes Melgar, CIS Wilhelm Fellow, former Deputy Secretary of Energy of Mexico

Enrollment: Unlimited: No advance sign-up
Attendance: Participants welcome at individual sessions

How does a country reconcile the search for energy security with a commitment to mitigate climate change? What dilemmas do policymakers face in an oil producing country committed to reducing greenhouse gas emissions? Can the energy sector be decarbonized without hurting the economy? How does a government rally support for deployment of energy projects in indigenous communities? How do you ensure that oil revenues are well invested? Why is having a clean energy secure Mexico good for No. America?

In 2013, Mexico approved all-encompassing energy reform at the Constitutional level, simultaneously modernizing the hydrocarbons and electricity sectors following international best practices. Having earlier approved a Climate Change Law (2012), Mexico’s Energy Reform includes elements to promote clean energies and reduce GHG emissions.  

Dr. Fatih Birol, Executive Director of the International Energy Agency, states that “[t]his is not a reform, it's a revolution on an unprecedented scale.” In addition to its depth, Mexico’s energy reform is being implemented in record time. The sense of urgency comes from the need to fuel the country, comply with climate change commitments & boost the competitiveness of the economy.

This seminar, led by a major player in the design and implementation of this historic energy reform, aims at understanding the challenges and dilemmas policymakers face in designing a modern energy sector. Mexico’s Energy Reform will serve as reference for the discussion.

Sponsor(s): Center for International Studies, MIT Mexico Program
Contact: Laurie Scheffler, LAURIES@MIT.EDU


Session 1

Jan/09 Mon 10:30AM-12:00PM E40-496, Pye Conf Rm

Mexico's Energy Reform: Overview

Dr. Lourdes Melgar, CIS Wilhelm Fellow - former Deputy Secretary of Energy of Mexico


Session 2

Jan/11 Wed 10:30AM-12:00PM E40-496, Pye Conf Rm

Mexico's Upstream Sector: Resources, contracts and bids.

Dr. Lourdes Melgar, CIS Wilhelm Fellow - former Deputy Secretary of Energy of Mexico


Session 3

Jan/18 Wed 10:30AM-12:00PM E40-496, Pye Conf Rm

The Challenges of Creating Energy Markets

Dr. Lourdes Melgar, CIS Wilhelm Fellow - former Deputy Secretary of Energy of Mexico


Session 4

Jan/20 Fri 10:30AM-12:00PM E40-496, Pye Conf Rm

The transition to a low-carbon electricity sector

Dr. Lourdes Melgar, CIS Wilhelm Fellow - former Deputy Secretary of Energy of Mexico


Session 5

Jan/23 Mon 10:30AM-12:00PM E40-496, Pye Conf Rm

The Importance of Sustainability (financial, social and environmental)

Dr. Lourdes Melgar, CIS Wilhelm Fellow - former Deputy Secretary of Energy of Mexico


Equilibrium Shifts, Model Uncertainty and Global Games

Muhamet Yildiz, Professor of Economics

Jan/11 Wed 02:30PM-04:00PM E52-432

Enrollment: Limited: First come, first served (no advance sign-up)

I will present some recent research on global games with an application to causes of equilibrium shifts in dynamic coordination games. I will introduce rank beliefs (i.e. conditional expectation of players' own percentiles) and describe the central role they play in the analyses of global games. Using rank beliefs one can extend the risk-dominant selection results in global games literature to arbitrary type spaces (including multi-dimensional type spaces that are common in practice). With model uncertainty, under canonical global games setup, rank beliefs take a specific shape. In that case, small shocks to the fundamentals shift the equilibrium to a latent solution. Consequently, one can identify the kind of shocks that are effective--in shifting to a "bad equilibrium" as in crises or shifting to a "good equilibrium" as in recovery.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Financial Planning 101

Mark Porter '05, Certified Financial Planner

Jan/26 Thu 06:00PM-07:00PM 32-141

Enrollment: Unlimited: Advance sign-up required

MIT has done a great job teaching students how to earn money. Unfortunately, no one teaches students what to do with it when they get it!

This hour-long seminar will offer the basics of a financial-planning approach. It will cover definitions and best practices regarding:

• Cash reserves
• Liability management
• Tax planning
• Insurance planning
• Savings vehicles
• Investments

The class will be most useful for those already working or graduating in 2017, but all are welcome.

Taught by Mark Porter ’05, certified financial planner.

Register today!

 

 

Sponsor(s): Alumni Association
Contact: Elena Byrne, W98-206C, 617 252-1143, EBYRNE@MIT.EDU


Financial Planning 101

Mark Porter '05

Jan/10 Tue 12:00PM-01:00PM 1-190

Enrollment: Unlimited: Advance sign-up required

MIT has done a great job teaching students how to earn money. Unfortunately, no one teaches students what to do with it when they get it!

This hour-long seminar will offer the basics of a financial-planning approach. It will cover definitions and best practices regarding:

• Cash reserves
• Liability management
• Tax planning
• Insurance planning
• Savings vehicles
• Investments

The class will be most useful for those already working or graduating in 2017, but all are welcome.

Taught by Mark Porter, CFP® Class of 2005.

Register today!

Sponsor(s): Alumni Association
Contact: Elena Byrne, W98, 617-252-1143, ebyrne@mit.edu


Health Care Reform: Where to Now?

Jonathan Gruber, Ford Professor of Economics

Jan/25 Wed 10:30AM-12:00PM E52-432

Enrollment: Limited: First come, first served (no advance sign-up)

Professor Gruber will discuss the issues facing health care reform in the new Trump Administration.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Homebuying 101

Meghan Melvin, Marketing Specialist

Jan/09 Mon 12:00PM-01:30PM 32-124 Stata Center

Enrollment: Limited: Advance sign-up required
Sign-up by 01/04
Limited to 50 participants

Whether it's your first time or you're in the market again, learn what's involved in buying a house at this free, informative session as part of MIT's Independent Activities Period (IAP).

Come meet the experts from MIT Federal Credit Union, Vita Realty  Group, and Members Mortgage Company to talk about:

- Effective property search tips
- Current area market housing trends
- Financing options
- Getting approved for a mortgage
- And much more

Monday, January 9th | 12:00pm-1:30pm | Stata Center, Room 124

Helping make home ownership yours is a higher degree of banking.

To register, click here.

Sponsor(s): MIT Federal Credit Union
Contact: Meghan Melvin, NE48, 617 715-4703, MBROWNCU@MIT.EDU


Housing Recovery - what's different this time

William Wheaton, Professor of Economics and Urban Studies

Jan/31 Tue 01:00PM-02:30PM E51-376

Enrollment: Limited: First come, first served (no advance sign-up)

This recovery in the housing market has been unusually slow, with low construction and only a few markets recovering to date back to 2007 price levels. A number of alternative explanations will be analyzed with conventional forecasting tools critiqued. Future scenarios will be examined.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


IAP 2017: Making the leap from student to thesis writer: How to write a dissertation while maintaining your sanity

Amy Finkelstein, John & Jennie S. MacDonald Professor of Economics, Esther Duflo, Abdul Latif Jameel Prof. of Poverty Alleviation & Dev. Econ, Drew Fudenberg, Paul A. Samuelson Professor of Economics, Alp Simsek, Rudi Dornbusch Career Development Associate Prof. of Econ., Isaiah Andrews, Silverman (1968) Family Career Development Assistant Prof.

Jan/19 Thu 01:00PM-02:30PM E51-151

Enrollment: Limited: First come, first served (no advance sign-up)

The transition from course-taking to dissertation-writing is one of the most difficult parts of graduate school.  A faculty panel will describe strategies for navigating this transition.  They will discuss where to turn for help and guidance, pitfalls to avoid, and distill lessons from their own experiences as students and as advisers.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Introduction to Credit Analysis and Equity Valuation

Jonathan Piskorowski SM '07, Andrew Henwood SM '07

Feb/02 Thu 01:00PM-03:00PM E62-262

Enrollment: Unlimited: Advance sign-up required

Credit Analysis
The corporate bond markets are a key financing markets for a variety of companies.  The first part of this seminar will introduce students to various corporate credit markets and to cover key concepts in credit analysis including the role the ratings agencies and typical financial ratios employed in order to determine the credit risk of a company. The primary focus will be the Investment Grade (IG) bond market. Several examples on how bonds are priced will be provided, and why an IG rating is desirable for a company today will be explained. If time permits, a further overview of other key bond markets (Government, Structured) will be covered.

Equity Valuation
You may be familiar with DCF analysis, but other approaches, such as multiple analysis, net asset value and sum-of-the parts valuation, are important techniques in providing a broader measure of equity valuation. An effort will be made to include several real world examples of how investment professionals value equities in the Energy and Financial sectors.

Instructors: Andrew Henwood SM '07 and Jonathan Piskorowski SM '07

1:00 – 2:00 pm. Introduction to Corp. Credit Analysis
2:00 – 3:00 p.m. Introduction to Equity valuation

Register today!

Sponsor(s): Alumni Association
Contact: Elena Byrne, W98-206C, 617 252-1143, EBYRNE@MIT.EDU


Minimizing Envy in School Choice: The Design of New Orleans OneApp

Parag Pathak, Jane Berkowitz Carlton and Dennis William Carlton Professor

Jan/27 Fri 01:00PM-02:00PM E52-432

Enrollment: Limited: First come, first served (no advance sign-up)

In 2011, New Orleans' Recovery School District became the first in the nation to adopt a unified enrollment system for admissions to traditional public and charter schools.  This talk will describe the assignment mechanism underlying New Orleans system, and show new formal results about its envy-minimizing properties.  We also discuss why the city adopted a new mechanism after one year, and lessons for economic design.

 

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


New financing models for funding fusion energy

Andrew Lo, Charles E. and Susan T. Harris Professor

Jan/23 Mon 02:00PM-03:00PM NW17-218

Enrollment: Limited: First come, first served (no advance sign-up)

The idea of fusion energy is nearly half a century old, yet we still seem far away from "ignition." One of the biggest hurdles is lack of funding. However, the recent announcement by Softbank of a $100 billion technology fund suggests that there *is* money available if we can create a financially attractive investment vehicle to commercialize fusion technology. In this talk, Prof. Lo will describe some of the necessary financial ingredients for launching such a fund.

Sponsor(s): Plasma Science and Fusion Center
Contact: Paul Rivenberg, NW16-284, 617 253-8101, RIVENBERG@PSFC.MIT.EDU


News, Opinion, and the Importance of the Medium

Sara F. Ellison, Senior Lecturer in Economics

Jan/12 Thu 02:00PM-03:30PM E52-432

Enrollment: Limited: First come, first served (no advance sign-up)

We will discuss how economic characteristics of media markets can drive content.  The talk will bring in recent economic research and examples from historic and current media markets.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Software Tools for Business Analytics

Scott Alessandro

Enrollment: Unlimited: No advance sign-up
Attendance: Participants welcome at individual sessions

Because of the "big data revolution," there is an ever-increasing need for techniques for analyzing data, developing mathematical models, and using these models to make informed decisions.   To get started in this process, one needs a working knowledge of business analytic software tools.

These four non-credit workshops focus on software tools used in Course 15 classes. The goal of these workshops is to provide students with a baseline knowledge of business analytics software tools that they can use in MIT courses, UROPs involving data analysis, and summer internships or jobs after graduation. 

Sign up is not required, but there is some pre-work that needs to be done (setting up your computer to use R and access Github). See link below for instructions.

To register: http://tinyurl.com/hn2uf3d

Installation instructions and more information: http://tinyurl.com/zgznpw3

Questions?: Scott Alessandro, salessan@mit.edu

Session 1 (Terminal and Github) – Overview on working with the terminal, Github, and an introduction to the R programming language.

Session 2 (Basic Wrangling and Visualization – Introduce basic techniques in data wrangling and visualization in R.

Session 3 (Excel) – Introduce and practice with concrete real life examples on how to use the most important functions and shortcuts in Excel. 

Session 4 (JuMP/Julia) – Using Julia and the JuMP package, we will model and solve optimization problems that arise in a variety of contexts throughout analytics and operations.

Sponsor(s): Sloan School of Management
Contact: Scott Alessandro, E52-150, 617 253-6296, SALESSAN@MIT.EDU


Sessions

Jan/23 Mon 01:00PM-04:00PM E62-250, Bring your laptop. Complete pre-work
Jan/24 Tue 01:00PM-04:00PM E62-250, Bring your laptop
Jan/26 Thu 01:00PM-04:00PM E62-250, Bring your laptop
Jan/27 Fri 01:00PM-04:00PM E51-085, Bring your laptop

Session 1 (Terminal and Github) - Monday, January 23, 1-4 pm, E62-250. Instructor: Brad Sturt

Session 2 (Basic Wrangling and Visualization) - Tuesday, January 24, 1-4 pm, E62-250. Instructor: Steven Morse 

Session 3 (Excel) - Thursday, January 26, 1-4 pm, E62-250. Instructor: Charles Thraves 

Session 4 (JuMP/Julia) - Friday, January 27, 1-4 pm, E51-085. Instructor: Joey Hutchette


Tax Issues for Employees and Entrepreneurs

Joseph Weber, Professor of Accounting

Enrollment: Unlimited: No advance sign-up
Attendance: Participants must attend all sessions

This course intends to expose students to a broad range of tax issues students will encounter shortly after graduation as an entrepreneur or an employee. For a new employee, taxes are an important consideration in decisions regarding deductions and retirement savings (through employee and employer contributions such as 401k's IRAs, etc). Taxes also feature prominently in decisions with respect to stock option-based compensation. Also, tax related issues for U.S. taxpayers working overseas will be addressed. For the entrepreneur, taxes also influence a new business venture's choice of entity: Corporation, LLC, Partnership, Sole Proprietorship. Instructor: Howard Mandelcorn is a partner at the Hutchings Barsamian Mandelcorn LLP law firm in Wellesley, Massachusetts.

Sponsor(s): Sloan School of Management
Contact: Joseph Weber, E62-664, (617) 253-4310, jpweber@mi.edu


Jan/25 Wed 01:00PM-04:00PM E51-145
Jan/26 Thu 01:00PM-04:00PM E51-145

Howard Mandelcorn - LL.M., Joseph Weber - Professor of Accounting


Technological Improvement, Regulatory Avoidance, and the Case of Ride-hailing Services

Sara F. Ellison, Senior Lecturer in Economics

Jan/10 Tue 02:00PM-03:30PM E52-432

Enrollment: Limited: First come, first served (no advance sign-up)

We'll discuss the history of for-hire transportation and the economic and technological forces that have led to the remarkable success of ride-hailing services such as Uber.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


The Economic State of the World

Olivier Blanchard, Robert M. Solow Professor, Emeritus

Jan/23 Mon 01:00PM-02:30PM E51-315

Enrollment: Limited: First come, first served (no advance sign-up)

How the future looked before the US elections, and how the elections have changed it.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Tzedakah/Philanthropy 101 for Seniors

Marissa Freed, Assistant Director, Hillel, Marla Choslovsky, Development Director, Hillel

Feb/02 Thu 12:00PM-02:00PM W11-180 Small Dining, Lunch will be served

Enrollment: Limited: Advance sign-up required
Sign-up by 01/30
Limited to 15 participants
Fee: $5.00 for senior class gift (Suggested, not required)

One of the perks of becoming an adult is earning a paycheck. Hillel is leading a conversation about how adults make intentional philanthropic choices past dropping a quarter in a tzedakah box. All students are welcome to join this conversation about personal philanthropy and Jewish perspectives on the practice.

 RSVP here by Monday January 30th 

Sponsor(s): Hillel
Contact: Marissa Freed, W11-039, 617-253-2982, MFEINMAN@MIT.EDU


Understanding Jobs for Economics Professors in Business Schools

Robert Gibbons, Sloan Distinguished Professor of Management, Roberto Rigobon, Society of Sloan Fellows Professor of Management

Jan/24 Tue 09:00AM-10:30AM E52-432

Enrollment: Limited: First come, first served (no advance sign-up)

We will discuss (1) differences across business schools, including how faculty are evaluated in terms of research versus teaching, as well as (2) differences within business schools, including how economists working on different topics might fit in different faculty groups.

Sponsor(s): Economics
Contact: Beata Shuster, E52-439A, 617 253-8883, BSHUSTER@MIT.EDU


Using science to test innovations in social policy: Evidence from Education & Labor, Finance & Governance

Alison Fahey, Senior Policy Manager, J-PAL

Enrollment: Unlimited: No advance sign-up
Attendance: Participants welcome at individual sessions
Prereq: None

How do policymakers encourage government workers in Afghanistan to save money? What are effective ways to encourage parents in Kenya to send their daughters to school? How can a major anti-poverty program in Indonesia be designed to ensure low-income families receive benefits they are eligible for?

These are questions researchers in the Abdul Latif Jameel Poverty Action Lab (J-PAL) network, including several professors in the Department of Economics, grapple with every day. Join J-PAL Policy staff for a conversation about how we use randomized controlled trials to test different approaches to reducing corruption, improving access to finance, generating livelihoods, and helping kids learn. We’ll talk about what types of programs and policies work, what types don’t, and why, and discuss how J-PAL’s staff around the world are using this evidence to influence real-world decisions.

The first session will focus on evidence in Labor (Livelihoods) and Education; the second session will focus on evidence in the Financial Inclusion and Governance sectors.

Contact: Alison Fahey, E53-324, 617 324-6363, AFAHEY@MIT.EDU


Education and Labor Markets

Jan/31 Tue 02:00PM-03:30PM E52-432

This session will focus on evidence in Education and Labor. The session will be led by J-PAL Policy staff from both sectors who are looking forward to sharing evidence from randomized controlled trials with the MIT community.

Led by Radhika Bhula, Senior Policy Associate, Education; Lisa Corsetto, Policy Associate, Labor; and Meagan Neal, Policy Associate, Education. 


Financial Inclusion and Governance

Feb/01 Wed 02:00PM-03:30PM E52-432

This session will focus on evidence in Financial Inclusion and Governance. The session will be led by J-PAL Policy staff from both sectors who are looking forward to sharing evidence from randomized controlled trials with the MIT community.

Led by: Sam Carter, Policy Associate, Finance; Eliza Keller, Senior Policy Associate, Governance; Justin Loiseau, Senior Policy Associate, Finance.