Lahore University of Management Sciences

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1 MGMT 463 Gender and Global Finance Spring Semester 2018 Instructor Dr. Ghazal Mir Zulfiqar Room No. 327, 3 rd Floor SDSB Office Hours TBA ghazal.zulfiqar@lums.edu.pk Telephone Ext 8456 Secretary/TA Sec: Muhammad Rehman/ TA: TBA TA Office Hours TBA Course URL (if any) COURSE BASICS Credit Hours 3 Lecture(s) Nbr of Lec(s) Per Week 2 Duration Recitation/Lab (per week) Nbr of Lec(s) Per Week Duration Tutorial (per week) Nbr of Lec(s) Per Week Duration COURSE DISTRIBUTION Core Elective Open for Student Category Close for Student Category Sophomores, Juniors and Seniors COURSE DESCRIPTION International finance is traditionally considered a gender neutral discipline. Even critical perspectives on global finance are usually ungendered. The field of gender and finance is a new sub discipline in critical studies of global finance. The course will introduce you to this emerging field by examining how global finance influences, and is influenced by, the differentiated economic positions of women and men. Since it is not possible to cover all potential intersections of gender and finance, we will focus on the following broad topics: (a) how global finance affects women and men differently, (b) the gendered impact of financial governance by states and international institutions (c) 21st century imperatives of international finance (d) gendered analyses of financial crises. COURSE PREREQUISITE(S) None COURSE LEARNING OBJECTIVES Provide students with a solid grounding in the literature and debates on gender and finance. Help students develop a nuanced understanding of why international finance is a contested, gendered field and its impact on social policy. Encourage critical thinking and problem solving through the application of theory and by working in teams on a related project. Improve students communication skills through writing and oral presentations designed to develop expertise in a specific area on the subject. 1

2 LEARNING OUTCOMES This course will help you develop analytical skills on the subject through assigned readings, class discussions, written assignments, a group presentation and a final examination. In completing this course, you should be able to: 1. Demonstrate a thorough understanding of gendered perspectives on global financial governance, finance and culture, and financial crises 2. Assess international finance inspired development interventions led by International Financial Institutions (IFIs) such as the World Bank. 3. Develop a critical understanding of global finance UNDERGRADUATE PROGRAM LEARNING GOALS & OBJECTIVES General Learning Goals & Objectives Goal 1 Effective Written and Oral Communication Objective: Students will demonstrate effective writing and oral communication skills Goal 2 Ethical Understanding and Reasoning Objective: Students will demonstrate that they are able to identify and address ethical issues in an organizational context. Goal 3 Analytical Thinking and Problem Solving Skills Objective: Students will demonstrate that they are able to identify key problems and generate viable solutions. Goal 4 Application of Information Technology Objective: Students will demonstrate that they are able to use current technologies in business and management context. Goal 5 Teamwork in Diverse and Multicultural Environments Objective: Students will demonstrate that they are able to work effectively in diverse environments. Goal 6 Understanding Organizational Ecosystems Objective: Students will demonstrate that they have an understanding of Economic, Political, Regulatory, Legal, Technological, and Social environment of organizations. Major Specific Learning Goals & Objectives Goal 7 (a) Discipline Specific Knowledge and Understanding Objective: Students will demonstrate knowledge of key business disciplines and how they interact including application to real world situations (Including subject knowledge). Goal 7 (b) Understanding the science behind the decision making process (for MGS Majors) Objective: Students will demonstrate ability to analyze a business problem, design and apply appropriate decision support tools, interpret results and make meaningful recommendations to support the decision maker Indicate below how the course learning objectives specifically relate to any program learning goals and objectives. PROGRAM LEARNING GOALS AND OBJECTIVES Goal 1 Effective Written and Oral Communication Goal 2 Ethical Understanding and Reasoning COURSE LEARNING OBJECTIVES Improve students communication skills through writing and oral presentations designed to develop expertise in a specific area on the subject. Encourage critical thinking and problem solving through the application of theory and by working in teams on a related project. COURSE ASSESSMENT ITEM Project, CP, Assignments, Exam CP, Written and oral assignments 2

3 Goal 3 Analytical Thinking and Problem Solving Skills Encourage critical thinking and problem solving through the application of theory and by working in teams on a related project. CP, Written and oral assignments, exam Goal 4 Application of Information Technology Goal 5 Teamwork in Diverse and Multicultural Environments Goal 6 Understanding Organizational Ecosystems Goal 7 (a) Discipline Specific Knowledge and Understanding Goal 7 (b) Understanding the science behind the decision making process GRADING BREAKUP AND POLICY Class participation 10% Written assignments 20% Midterm exam 25% Final presentation 20% Final exam 25% Oral and written presentations Group presentation Help students develop a nuanced understanding of why international finance is a contested, gendered field and its impact on social policy. Provide students with a solid grounding in the literature and debates on gender and finance. Presentations Group presentations Project, CP, Assignments, Exam Project, CP, Assignments, Exam Written Assignments: You will be asked to write three word critical reflections on news items such as the one in the link below, published reports or indices such as the World Bank s Global Findex Database, or a film such as The Big Short. trump world bank start fund women entrepreneurs financeinitiative investment support a html Final presentation: You will form into small groups and choose a topic within the broad theme of the course, get it approved by the instructor and conduct primary or secondary research to put together a presentation that discusses a particular aspect of finance from a critical feminist perspective. The instructor will guide you through this process by sharing a written memo and through meetings in and out of class. CELL PHONES AND OTHER ELECTRONICS SHOULD BE TURNED OFF DURING CLASS. ABSOLUTELY NO TEXTING OR INTERNET BROWSING DURING CLASS. 3

4 EXAMINATION DETAIL Midterm Exam Yes/No: Combine Separate: Duration: Preferred Date: Exam Specifications: Final Exam Yes/No: Combine Separate: Duration: Exam Specifications: COURSE OVERVIEW WEEK/ LECTURE/ MODULE TOPICS RECOMMENDED READINGS SESSION OBJECTIVE(S) Module 1: Introduction to Global Finance Course Introduction International Finance A Critical Perspective Materialist Feminism Graeber, David. (2012). Ch. 12: The Beginning of Something Yet to be Determined (1971 Present) In: Debt: The First 5,000 Years. Melville House Publishing Hennessy, Rosemary and Chrys Ingraham. (1997). Introduction In: Materalism Feminism: A Reader in Class, Difference, and Women s Lives. London, New York: Routledge. Introductions. Overview of the course, assignments and instructor expectations. A critical introduction to international finance and its governance. Gender and International Finance Assassi, Libby. (2009). The Gendering of Global Finance. Basingstoke and New York: Palgrave Macmillan. (chapter to be assigned) An overview of how gender neutral finance is thoroughly gendered 4 6. van Staveren, Irene. (2001). "Gender Biases in Finance." Gender and Development 9 (1): Young, Brigitte, et al., (2011) Eds. Questioning Financial Governance from a Feminist Perspective. London, New York: Routledge. (chapter to be assigned) 4

5 Module 2: Financial Governance 7 8. Central Banking Young, Brigitte. "Central Bank Policies, Inequality and Gendered Asset Bias." In: The Handbook of IPE of Gender. Eds. Elias, Juanita and Adrienne Roberts: Edward Elgar, (forthcoming). Passage to be assigned Central Bank policies and their gendered impact on asset holdings 9. Monetary and Fiscal Policy vs. Social Policy Guest speaker: TBA Elson, Diane. (2002). "The International Financial Architecture a View from the Kitchen." Femina Politica Zeitschrift für feministische Politk Wissenschaft 11 (1): International financial governance and its impact on women Module 3: Finance and Culture Gender and the Work of Finance Sociological history of money Global Financial Databases Fisher, Melissa S. (2012) Wall Street Women. Durham: Duke University Press (chapter to be assigned) De Goede, Marieke. (2000) "Mastering 'Lady Credit'." International Feminist Journal of Politics 2 (1): Zelizer, Viviana A. (1989) "The Social Meaning of Money: "Special Monies"." American Journal of Sociology 95 (2): We will review publicly available financial databases segregated by gender and draw critical inferences on the neutrality of data and statistics. Examples include: (a) World Bank Findex Database. (b) Pakistan s Access to Finance Survey. (c) Microfinance MiX Market Surveys The culture of Wall Street, its stereotypes and consequences A historical overview of how the cultural meanings of money, financial crises and gendered narratives around these have evolved. 14 Midterm Exam Module 4: Global Finance s 21 st Century Imperatives and Concerns Engagements with Behavioral Economics Nelson, Julie A. (2012). "Are Women Really More Risk Averse Than Men?" Inet Research Note #012. van Staveren, Irene. (2014) "The Lehman Sisters Hypothesis." Cambridge Journal of Economics 38: Feminist economists fight back against the neoclassical assumption that gender is an exogenous constraint. They consider whether women can be expected to clean up the testosterone generated financial mess 5

6 Financial Literacy Poverty Finance and Microcredit Zokaityte, Asta. (2016) "A Financial Literacy Measure: Gendering and Contextualising Financial Technicalities." Onati Socio Legal Series 6: Montgomerie, Johnna, and Daniela Tepe Belfrage. (2016). "A Feminist Moral Political Economy of Uneven Reform in Austerity Britain: Fostering Financial and Parental Literacy." Globalizations. Rankin, Katharine. (2013). A critical geography of poverty finance. Third World Quarterly 34(4): Roy, Ananya. (2012). Subjects of Risk: Technologies of Gender in the Making of Millennial Modernity. Public Culture 24(1): A critical feminist look at state run financial literacy campaigns How the base of the economic pyramid is implicated in poverty finance Financialization Guest speaker: TBA Pollard, Jane. (2013). "Gendering Capital: Financial Crisis, Financialization and Agenda for Economic Geography." Progress in Human Geography 37 (3): Zulfiqar, Ghazal. Financializing the Poor: Dead Capital', Women s Gold and Microfinance in Pakistan. Economy and Society (forthcoming). The implications of expanding finance into the social lives of women Module 5: Financial Crises 24 Financial crises Elson, Diane. (2010). "Gender and the Global Economic Crisis in Developing Countries: A Framework for Analysis." Gender and Development 18 (2): A feminist analysis of financial crises Walby, Sylvia. (2009). Gender and the Financial Crisis. Paper prepared for UNESCO project on "Gender and the Financial Crisis" Student presentations 28 Course Review TEXTBOOK(S)/SUPPLEMENTARY READINGS 6