Constantin Gurdgiev is the Professor of Finance (Visiting) with MIIS and an Adjunct Professor of Finance with Trinity College Dublin (Ireland). His teaching experience and research are concentrated in the fields of investment markets, social impact investment, Financial Risk Management, and geopolitical and macroeconomic risk and uncertainty analysis relating to financial markets. View his research.
Prof. Gurdgiev serves as a board member and an adviser to a number of fintech and technology companies. He is a co-founder and director of the Irish Mortgage Holders Organisation (Ireland), a charity working with the issues of financial empowerment, and iCare (Ireland), a non-profit organization involved in provision of sustainable housing in the post-financial crisis environment. Prof. Gurdgiev serves on numerous professional advisory and expert panels, including Euromoney, Blackrock Investment Institute, and McKinsey Institute, and advises clients for Geerson Lehman Group and the ThirdBridge.
In the past, Prof. Gurdgiev served as the Head of Research and Partner with St Columbanus AG (Switzerland), the Head of Macroeconomics with IBM, and the Director of Research with NCB Stockbrokers, Ltd (Ireland).
Courses offered in the past two years.
- Current term ●
- Upcoming term(s) ○
This course introduces students to foundations in applied investment analysis relevant for both financial and business managers, investment managers, analysts and marketing/media specialists covering investment, financial markets and personal finance. The course explores the basic foundations of investment choices, investors’ behaviour and underlying theoretical models of investment returns, and risks-returns interactions in broadly defined financial markets. The main objective of the course is to introduce the students to a model-based thinking about the financial markets, investors behaviour and applied portfolio theory including efficient frontier mathematics and active portfolio management. While most of the emphasis in this class is on traditional investments analysis, we incorporate how accounting for extra-financial risk may alter portfolio selection.
Spring 2018 - MIIS, Spring 2019 - MIIS
This course will develop Risk Management approach to Corporate Strategy and Finance, introducing students to the basic corporate Risk Management (RM) frameworks, covering introduction to the risk management framework and applications of the RM approach to corporate strategy and organization. Students will learn how companies structure and deploy RM approach to operational and exchange rate risks management, including Capital Budgeting and Capital Structuring, management of key business risks, leverage risk and agency problems (behavioural economics applications). The course will explore application of the core principles of risk management to achieving the objectives of improving enterprise performance, sustainability and resilience to shocks.
Spring 2018 - MIIS, Spring 2019 - MIIS
An introduction to applied statistics, focusing on key statistical data analysis tools for business, management and finance. Additional topics to be studied include data collection, preparation, data mining, surveying techniques and strategies, analysis structuring and the evolving nature of modern data analysis. The course will be conducted using both the lecture and case methods and active student participation is both encouraged and required.
Fall 2017 - MIIS, Fall 2018 - MIIS, MIIS First Half of Term
This course will apply the fundamental principles and models of economics to managerial strategy and decision-making. The objective of the course is to enable managers to make more efficient strategic choices, based on empirical evidence from economics of competition, investment, entrepreneurship and innovation. Students will be provided with modern economic tools that can be used to aid and improve organizational and corporate decisions. Applications from Microeconomics will look at how competitive pressures, entrepreneurship and regulatory systems shape corporate decisions on product development, investment, pricing and marketing. Macroeconomic aspects of the course will look at how global and domestic environments of economic growth cycles, debt, equity markets, investment, as well as monetary, fiscal and regulatory policies shape companies choices as what should be produced, where company operations should be located, which markets to enter and how to structure corporate and ESG risk management systems. The stress in the course will be on applied, evidence-based use of theoretical frameworks and case studies, relating to real world applications of economic thinking to boardrooms and C-level executive decisions. Current news flows concerning corporate strategies, decisions and responses to risks will be the core focus of the course analysis. Student’s ability to apply the material presented in print and in lecture will be the primary measure of success in this course.
Fall 2017 - MIIS, Fall 2018 - MIIS, MIIS Second Half of Term
This course serves as an introduction into a rapidly growing and exciting world of behavioral economics and finance. The focus will be on identifying and exploring various behavioral biases and responses that systematically shape decision-making processes of individual consumers, small and large companies, investors, as well as complex organizations (e.g. Governments, NGOs, non-profits). Behavioral economics and finance enter all aspects of decision-making involving modern investment markets and organizational structures. Thus, we will look at technical implications of behavioral analysis on asset pricing, development of longer-term trends in investment markets (bubbles, crises, secular market trends etc), as well as applications of behavioral insights to policy formation and regulation. As tradition of behavioral economics and finance requires, the course will focus on applied analysis and real world case studies, informed by recent events, trends and risks developments, lessons learned from recent crises, as well as on developing our understanding of emerging trends in finance based on our knowledge about behaviorally-motivated choices of investors.
Fall 2017 - MIIS, MIIS Workshop, Fall 2018 - MIIS, MIIS Workshop
A team of students works with a sponsoring company under faculty supervision to develop a comprehensive plan for international business development. International business plans emphasize the international and functional dimensions of business. Students operate as members of a multi-cultural team and arrange business project tasks, timelines and responsibilities. Teams work with company sponsors to produce a written project report and a multimedia presentation of their analysis.
Summer 2017 - MIIS
Areas of Interest
Prof. Gurdgiev regularly contributes to international business media and his blog http://TrueEconomics.blogspot.com is syndicated to a range of professional publications, including Seeking Alpha. He acts as a referee for several academic publications, including the Journal of Risk Finance, International Review of Financial Analysis, and Quarterly Review of Economics and Finance.
Specific areas of interest include:
- Investment markets
- Impact investment
- Governance risk
- Risk and resilience
- Risk and uncertainty analysis
- Deep uncertainty
- Geopolitical risk
- Technological change
- PhD in Macroeconomic Theory and Finance (Whatley Award, Trinity College, Dublin, Ireland)
- MA in Economics (Cum Laude), Johns Hopkins University, USA
- BA in International Economics (Summa Cum Laude), UCLA, USA
Professor Gurdgiev has been teaching at the Institute since 2016.
- Lessons from the Great Recession: At the Crossroads of Sustainability and Recovery, edited by Constantin Gurdgiev, Liam Leonard & Alejandra Maria Gonzalez-Perez, Emerals, ASEJ, Vol. 18; ISBN 978-1-78560-743-1. Published in April 2016.
- Perspectives on International Debt, edited by Constantin Gurdgiev, Sharon Jackson and Colm Kearney, Institute for International Integration Studies (IIIS) and The Liffey Press, Dublin, 2007, ISBN-10: 1905785240
- What If Ireland Defaults? edited by Brian Lucey, Constantin Gurdgiev and Charles Larkin, Orpen Press, 2012, ISBN 10: 1871305489