|Penn Law and Wharton Students Glean Real World Lessons in New Deals’ Class
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FIFTY PENN LAW and Wharton students negotiated a successful merger in the fall semester, joining each other in a new class that explored the inner workings of cutting-edge business transactions.
In their three-month interdisciplinary adventure, these students examined the economic structure of transactions. If, along the way, the class resembled the real world, well, that was precisely the idea.
“Teaching students who are going into this transactional world some principles gives more powerful purchase to the intelligence and energy that they will bring to their work,” said Wharton Professor Daniel Raff, who taught the course with Penn Law’s Associate Dean Michael Knoll, the Earle Hepburn Professor of Law & Professor of Real Estate at Wharton.
What made the class unique was the blend of theory and practice. In the segment devoted to theory, the course touched on subjects such as strategic behavior, value creation, and risk management. Later in the semester, students formed teams, with members from each school, to critique particular deals. They then heard presentations from participants in those deals including Pamela Daley L’79, senior vice president, corporate business development, General Electric Company.