
This is the age of the triple bottom line. Companies of all types and sizes are getting used to the fact that they will not only be judged on their economic performance but also on their impact on the environment and society as a whole. As businesses become more committed to the principle of protecting the future of the planet, so business education has begun to acknowledge the imperative of sustainability. The meaning of this catch-all concept can be summed up as: "Development that meets the needs of the present without compromising the ability of future generations to meet their own needs".
Many schools are now striving to equip students with the knowledge and skills they will need to put sustainability at the core of their future business activities. According to Jonathan Slack, chief executive of the Association of Business Schools, which represents 118 business schools in the UK, the single most important development for the future of management education is to ensure that that sustainability is fully integrated throughout the whole education offering...
Martin Thompson writes in The Independent.
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The past year has seen some unprecedented changes in day-to-day asset prices
within and across most financial markets, clearly highlighting the need for
accurate and reliable volatility and correlation measurement, modeling, and
forecasting procedures. This course surveys the most prominent volatility and
correlation techniques developed over the past two decades, along with their
many practical uses ranging from asset and option pricing, portfolio allocation,
risk measurement and management, to direct volatility and correlation trading.
The discussion is designed to strike a balance between intuition and mathematical
rigor and also includes consideration of practical computational issues as
well as a guest lecturer from the financial services industry illustrating
the importance of volatilities and correlations in financial market risk assessments.
The course develops an appreciation and understanding of the importance of
time-varying volatility and correlation in financial asset returns, the tools
and techniques of modern financial volatility and correlation measurement,
modeling and forecasting, as well as the pitfalls and opportunities that arise
as the new technologies move forward.Featured Product
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November 1-5, 2010 - Professor Tim Bollerslev