Jamshed Ghandhi

Jamshed Ghandhi
  • Associate Professor Emeritus of Finance

Contact Information

  • office Address:

    2300 SH-DH
    Philadelphia, PA 19104

Research Interests: financial aspects of economic development, operation of financial institutions and capital markets, stabilization policies


Past Courses


    FNCE 101 is an intermediate-level course in macroeconomics and the global economy, including topics in monetary and international economics. The goal is to provide a unified framework for understanding macroeconomic events and policy, which govern the global economic environment of business. The course analyzes the determinants and behavior of employment, production, demand and profits; inflation, interest rates, asset prices, and wages; exchange rates and international flows of goods and assets; including the interaction of the real economy with monetary policy and the financial system. The analysis is applied to current events, both in the US and abroad. HONORS FNCE 101 is only offered in the Fall semester. Registration for this class is through an application process. Please go to: https:fnce.wharton.upenn.edu/programs-course-applications, This course presents the analysis of macroeconomic theory with a current events perspective. The material in the class concentrates on lecture notes, which are the primary learning source, and readings from a course packet of articles drawn from journals, magazines, newspapers, and other economic publications. The material covered will include: (1) Economic Statistics, GDP, Price Indices,Productivity and the nature of the business cycle, (2) The government budget and Social Security, (3) Monetary policy, The Fed and other Central Banks,(4) Interest rates - indexed bonds and ther term structure (5) Aggregate Demand and the determination of income and interest rate, (6) Money and Inflation - the Velocity Approach, (7) Reaction of Financial Markets to economic data,(8) Inflation, inflationary expectations and the Phillips Curve,(9) Supply-side shocks and macro-dynamics, (10) International Balance of Payments, the current account and capital flows, (11) Determination of Exchange Rates, exchange rate systems, purchasing power and interest rate parity.


    Integrates the work of the various courses and familiarizes the student with the tools and techniques of research.


    Independent Study Projects require extensive independent work and a considerable amount of writing. ISP in Finance are intended to give students the opportunity to study a particular topic in Finance in greater depth than is covered in the curriculum. The application for ISP's should outline a plan of study that requires at least as much work as a typical course in the Finance Department that meets twice a week. At a minimum, we need a description of the methodology you intend to employ, a bibliography and description of the data that you will use as well as a list of interim deliverables and dates to ensure that you complete the project within the semester. Applications for FNCE 899 ISP's will not be accepted after the THIRD WEEK OF THE SEMESTER. You must submit your Finance ISP request using the Finance Department's ISP form located at https://fnce.wharton.upenn.edu under the Course ISP section


How New Technologies Will Radically Reshape India’s Workforce

India will have the world’s largest workforce by 2027. But as AI, blockchain and other technologies quickly render existing ways of working obsolete, training will become more critical than ever.

Knowledge @ Wharton - 2018/02/23
Will India’s 2018 Budget Spur Growth — and Modi’s Re-election?

India’s economy is poised to rebound. But realizing the potential requires a smoother absorption of big structural reforms, revived private investment and stable oil prices, say experts.

Knowledge @ Wharton - 2018/02/22
Microsoft CEO Satya Nadella: How Empathy Sparks Innovation

Microsoft CEO Satya Nadella recounted his unlikely ascent to the top job and how the software giant’s culture is changing, during a recent talk at Wharton.

Knowledge @ Wharton - 2018/02/22