WBLC Course Offerings

To receive the Wharton Business and Law Certificate, students must successfully complete a total of three courses within the fall and spring semesters. Courses are of specific interest to attorneys and provide a rigorous preparation in professional business disciplines.

Wharton Professor Mauro Guillén talks about the Wharton Business and Law Certificate.

Introductory Session

Overview of the Global Economy in the 21st Century

This session discusses the demographic, geopolitical, financial, and economic trends that are reshaping the 21st century. The session is eminently interactive, inviting students to reflect on the implications of trends such as population ageing, urbanization, the proliferation of failed states, global financial imbalances, and the rise of emerging economies and emerging-market multinationals for their respective industries.

Fall Semester Courses

Corporate Finance

This course provides students with an understanding of current corporate finance theory and practice, with a focus on what determines a company’s value and how managers can maximize value. Emphasis is on developing the analytical skills needed for financial decision making and for understanding financial transactions (e.g., acquisitions and mergers). Topics include discounted cash flow analysis, the relationship between risk and return, cost of capital, capital budgeting (valuing business assets), corporate valuation, and capital structure (the choice between equity and debt financing). An important goal of the course is to enhance attorneys’ ability to provide value-added contributions in the corporate and other settings in which value is at play (e.g., assessing an investment proposal or the purchase/sale of a business). Students will develop a solid understanding of how businesses work financially and what the drivers of value are for shareholders and other investors.

Global Strategic Management

The decisions and central issues that affect the international expansion and sustainability of a company are neither obvious nor determined by the technological or economic forces generally associated with globalization. This course will explain the unexpected way in which international competition unfolds over time and across countries. By examining detailed case studies, students will gain a deeper understanding of the decisions that multinational companies face when conducting business across borders.

Specifically, Global Strategic Management will explore the:

  • Emergence of new multinationals
  • Models for organizing and managing a multinational network of subsidiaries, including how to coordinate and to transfer knowledge across borders
  • Issues associated with managing human and social capital in the enterprise
  • Persistence of cross-national differences and the effect of these differences on corporate strategies, structures, and performance
  • Sequence and modes of international expansion

Spring Semester Courses

Mergers and Acquisitions

This course explores how mergers and acquisitions (M&A) can catalyze firm growth and change. The objective of this course is to develop a comprehensive framework for executing M&A, from initiation to implementation. As such, we will delve deeply into acquisition screening and deal making, as well as post-merger integration. The emphasis is on the strategic, operational, and relational aspects of these transactions over the financial considerations, though we will certainly consider both. In terms of its pedagogical approach, this course is interactive, applied, and case based, with accompanying conceptual readings to help structure your thinking. This means that thorough preparation and in-class participation will be expected in each session.

Advanced Topics in Finance

This course deals with selected topics in finance relevant to globally educated legal scholars. We carefully choose Wharton faculty that are experts in these fields to bring you the most current research and thought leadership in the areas. Past topics include: Macroeconomics, Blockchain and Cryptocurrencies, Private Equity and International Finance.

Macroeconomics and the Global Economic Environment address macroeconomic analysis, with an emphasis on current events and policy applications. The goal is to provide the background needed to understand the broad movements in the global economy as well as a look at topics such as national income accounting, long-run economic growth, technological changes, the labor market, business cycles, inflation, interest rates, monetary and fiscal policy, international trade and investment, exchange rates and international finance.

Blockchain and Cryptocurrencies: While technology has a long history in the financial service industry, the last decade led to the emergence of FinTech as a unique phenomenon. You will discuss the drivers behind FinTech and how to evaluate its impact on the financial service industry, as well as look at the opportunities and challenges these new technologies present to the existing financial service regulations.

Private Equity will educate students about the substance, process and mechanics of PE investing, through the lens of the investment professionals, counterparties and advisors that drive transactions to completion. These sessions will address the entire deal process, and will include the following: Commercial Diligence; Debt Financing; Accounting Diligence; Sales & Purchase Agreements; Comps Analysis; and Other Advisory Work. Students will learn about each element of the deal process through both conceptual frameworks and real-world examples.

International Finance sessions specifically focus on the Global Cost of Capital and Cross-Border Valuation. These sessions will be taught using a combination of lecture, case work and in-class group work putting the material into practice.